Can I retire at age 55 with 2,850,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$235,350$233,254$231,209$229,212$227,263$220,253
2 years$116,510$114,340$112,237$110,198$108,220$101,219
3 years$76,902$74,723$72,625$70,605$68,660$61,887
4 years$57,102$54,929$52,852$50,867$48,969$42,476
5 years$45,225$43,065$41,016$39,071$37,225$31,030
6 years$37,309$35,166$33,147$31,245$29,455$23,563
7 years$31,657$29,532$27,545$25,688$23,955$18,366
8 years$27,421$25,315$23,360$21,549$19,873$14,583
9 years$24,127$22,041$20,120$18,355$16,736$11,740
10 years$21,494$19,428$17,541$15,822$14,260$9,550
11 years$19,341$17,296$15,443$13,770$12,264$7,832
12 years$17,548$15,524$13,705$12,078$10,628$6,464
13 years$16,032$14,029$12,245$10,663$9,267$5,363
14 years$14,733$12,752$11,002$9,466$8,124$4,468
15 years$13,609$11,649$9,933$8,442$7,153$3,735
16 years$12,627$10,688$9,006$7,559$6,322$3,131
17 years$11,760$9,843$8,195$6,791$5,605$2,630
18 years$10,991$9,095$7,481$6,120$4,984$2,214
19 years$10,304$8,429$6,849$5,530$4,442$1,867
20 years$9,686$7,833$6,285$5,009$3,968$1,576
21 years$9,128$7,296$5,781$4,546$3,551$1,332
22 years$8,621$6,811$5,328$4,133$3,183$1,127
23 years$8,159$6,370$4,920$3,764$2,857$954
24 years$7,736$5,968$4,550$3,433$2,568$808
25 years$7,348$5,601$4,214$3,135$2,311$685
26 years$6,990$5,264$3,908$2,867$2,082$581
27 years$6,659$4,954$3,629$2,624$1,877$493
28 years$6,352$4,668$3,374$2,404$1,693$418
29 years$6,067$4,404$3,140$2,205$1,529$355
30 years$5,801$4,159$2,925$2,023$1,382$302
31 years$5,553$3,932$2,726$1,858$1,249$256
32 years$5,321$3,720$2,544$1,708$1,130$218
33 years$5,104$3,523$2,375$1,570$1,023$185
34 years$4,900$3,339$2,219$1,445$926$157
35 years$4,708$3,167$2,075$1,330$839$134
36 years$4,526$3,006$1,941$1,225$760$114
37 years$4,356$2,855$1,817$1,129$689$96
38 years$4,194$2,713$1,701$1,040$624$82
39 years$4,041$2,580$1,594$959$566$70
40 years$3,896$2,455$1,494$885$513$59
41 years$3,759$2,337$1,401$816$466$50
42 years$3,628$2,225$1,314$753$423$43
43 years$3,504$2,120$1,233$695$384$36
44 years$3,386$2,021$1,157$642$348$31
45 years$3,274$1,927$1,087$593$316$26
46 years$3,166$1,839$1,021$548$287$22
47 years$3,064$1,755$959$506$261$19
48 years$2,966$1,675$901$468$237$16
49 years$2,872$1,599$847$432$215$14
50 years$2,783$1,528$796$399$195$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,850,000, adding $2,802 every year, while hoping to spend $27,156 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 25/45/30 Blend
54$2,850,000$2,850,000$2,850,000$2,850,000
55$3,143,590$2,992,540$2,948,365$3,192,662
56$3,435,343$3,110,281$3,018,242$3,352,115
57$3,755,944$3,232,881$3,089,549$3,520,475
58$4,108,307$3,360,549$3,162,306$3,700,430
59$4,495,643$3,493,505$3,236,532$3,892,972
60$4,921,489$3,631,977$3,312,246$4,099,191
61$5,389,740$3,776,203$3,389,466$4,320,277
62$5,904,691$3,926,434$3,468,210$4,557,538
63$6,471,070$4,082,930$3,548,495$4,812,405
64$7,094,088$4,245,963$3,630,339$5,086,448
65$7,779,489$4,415,818$3,713,759$5,381,387
66$8,533,596$4,592,793$3,798,770$5,699,112
67$9,363,382$4,777,199$3,885,387$6,041,694
68$10,276,526$4,969,360$3,973,627$6,411,407
69$11,281,489$5,169,617$4,063,501$6,810,747
70$12,387,597$5,378,324$4,155,024$7,242,456
71$13,605,123$5,595,853$4,248,209$7,709,541
72$14,945,388$5,822,592$4,343,066$8,215,310
73$16,420,864$6,058,946$4,439,605$8,763,393
74$18,045,297$6,305,339$4,537,837$9,357,779
75$19,833,831$6,562,214$4,637,768$10,002,854
76$21,803,156$6,830,036$4,739,407$10,703,436
77$23,971,659$7,109,289$4,842,758$11,464,821
78$26,359,603$7,400,480$4,947,826$12,292,833
79$28,989,317$7,704,138$5,054,613$13,193,874
80$31,885,405$8,020,818$5,163,120$14,174,985
81$35,074,978$8,351,099$5,273,345$15,243,907
82$38,587,910$8,695,588$5,385,288$16,409,158
83$42,457,124$9,054,919$5,498,941$17,680,104
84$46,718,894$9,429,754$5,614,300$19,067,050
85$51,413,197$9,820,786$5,731,354$20,581,335
86$56,584,080$10,228,743$5,850,091$22,235,433
87$62,280,086$10,654,381$5,970,499$24,043,070
88$68,554,704$11,098,495$6,092,560$26,019,354
89$75,466,878$11,561,915$6,216,255$28,180,908
90$83,081,561$12,045,510$6,341,561$30,546,031
91$91,470,328$12,550,188$6,468,452$33,134,863
92$100,712,056$13,076,901$6,596,898$35,969,574
93$110,893,659$13,626,643$6,726,868$39,074,569
94$122,110,919$14,200,455$6,858,325$42,476,715
95$134,469,382$14,799,427$6,991,228$46,205,593
96$148,085,357$15,424,697$7,125,532$50,293,770
97$163,087,014$16,077,458$7,261,189$54,777,104
98$179,615,595$16,758,959$7,398,144$59,695,080
99$197,826,743$17,470,505$7,536,339$65,091,177
100$217,891,974$18,213,463$7,675,709$71,013,272