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%16.9%
1 years$235,350$233,254$231,209$229,212$227,263$220,874
2 years$116,510$114,340$112,237$110,198$108,220$101,832
3 years$76,902$74,723$72,625$70,605$68,660$62,472
4 years$57,102$54,929$52,852$50,867$48,969$43,030
5 years$45,225$43,065$41,016$39,071$37,225$31,551
6 years$37,309$35,166$33,147$31,245$29,455$24,051
7 years$31,657$29,532$27,545$25,688$23,955$18,821
8 years$27,421$25,315$23,360$21,549$19,873$15,006
9 years$24,127$22,041$20,120$18,355$16,736$12,132
10 years$21,494$19,428$17,541$15,822$14,260$9,912
11 years$19,341$17,296$15,443$13,770$12,264$8,166
12 years$17,548$15,524$13,705$12,078$10,628$6,771
13 years$16,032$14,029$12,245$10,663$9,267$5,644
14 years$14,733$12,752$11,002$9,466$8,124$4,725
15 years$13,609$11,649$9,933$8,442$7,153$3,969
16 years$12,627$10,688$9,006$7,559$6,322$3,344
17 years$11,760$9,843$8,195$6,791$5,605$2,824
18 years$10,991$9,095$7,481$6,120$4,984$2,390
19 years$10,304$8,429$6,849$5,530$4,442$2,025
20 years$9,686$7,833$6,285$5,009$3,968$1,719
21 years$9,128$7,296$5,781$4,546$3,551$1,461
22 years$8,621$6,811$5,328$4,133$3,183$1,243
23 years$8,159$6,370$4,920$3,764$2,857$1,058
24 years$7,736$5,968$4,550$3,433$2,568$901
25 years$7,348$5,601$4,214$3,135$2,311$768
26 years$6,990$5,264$3,908$2,867$2,082$655
27 years$6,659$4,954$3,629$2,624$1,877$559
28 years$6,352$4,668$3,374$2,404$1,693$477
29 years$6,067$4,404$3,140$2,205$1,529$407
30 years$5,801$4,159$2,925$2,023$1,382$348
31 years$5,553$3,932$2,726$1,858$1,249$297
32 years$5,321$3,720$2,544$1,708$1,130$254
33 years$5,104$3,523$2,375$1,570$1,023$217
34 years$4,900$3,339$2,219$1,445$926$186
35 years$4,708$3,167$2,075$1,330$839$159
36 years$4,526$3,006$1,941$1,225$760$136
37 years$4,356$2,855$1,817$1,129$689$116
38 years$4,194$2,713$1,701$1,040$624$99
39 years$4,041$2,580$1,594$959$566$85
40 years$3,896$2,455$1,494$885$513$72
41 years$3,759$2,337$1,401$816$466$62
42 years$3,628$2,225$1,314$753$423$53
43 years$3,504$2,120$1,233$695$384$45
44 years$3,386$2,021$1,157$642$348$39
45 years$3,274$1,927$1,087$593$316$33
46 years$3,166$1,839$1,021$548$287$28
47 years$3,064$1,755$959$506$261$24
48 years$2,966$1,675$901$468$237$21
49 years$2,872$1,599$847$432$215$18
50 years$2,783$1,528$796$399$195$15

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 $6,790 every year, while hoping to spend $22,083 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: 50/36/14 Blend
54$2,850,000$2,850,000$2,850,000$2,850,000
55$3,147,704$2,996,654$2,952,479$3,292,722
56$3,445,274$3,119,994$3,027,891$3,516,409
57$3,772,455$3,248,637$3,105,089$3,756,491
58$4,132,246$3,382,821$3,184,110$4,016,898
59$4,527,948$3,522,792$3,264,990$4,299,549
60$4,963,199$3,668,809$3,347,768$4,606,551
61$5,442,008$3,821,143$3,432,481$4,940,220
62$5,968,791$3,980,078$3,519,167$5,303,104
63$6,548,415$4,145,908$3,607,866$5,698,000
64$7,186,240$4,318,945$3,698,617$6,127,986
65$7,888,175$4,499,512$3,791,459$6,596,444
66$8,660,729$4,687,948$3,886,433$7,107,096
67$9,511,075$4,884,609$3,983,580$7,664,034
68$10,447,114$5,089,865$4,082,940$8,271,757
69$11,477,556$5,304,104$4,184,554$8,935,217
70$12,611,995$5,527,734$4,288,465$9,659,861
71$13,861,005$5,761,179$4,394,715$10,451,680
72$15,236,235$6,004,884$4,503,345$11,317,269
73$16,750,522$6,259,315$4,614,399$12,263,882
74$18,418,013$6,524,959$4,727,919$13,299,505
75$20,254,295$6,802,326$4,843,949$14,432,924
76$22,276,543$7,091,950$4,962,531$15,673,812
77$24,503,685$7,394,390$5,083,710$17,032,814
78$26,956,575$7,710,229$5,207,528$18,521,650
79$29,658,195$8,040,080$5,334,030$20,153,219
80$32,633,871$8,384,584$5,463,260$21,941,723
81$35,911,507$8,744,410$5,595,261$23,902,799
82$39,521,855$9,120,261$5,730,076$26,053,661
83$43,498,801$9,512,870$5,867,751$28,413,265
84$47,879,686$9,923,008$6,008,327$31,002,482
85$52,705,657$10,351,478$6,151,849$33,844,295
86$58,022,057$10,799,124$6,298,360$36,964,013
87$63,878,854$11,266,828$6,447,902$40,389,507
88$70,331,109$11,755,514$6,600,518$44,151,470
89$77,439,496$12,266,149$6,756,250$48,283,707
90$85,270,880$12,799,745$6,915,139$52,823,448
91$93,898,940$13,357,363$7,077,227$57,811,696
92$103,404,871$13,940,113$7,242,553$63,293,615
93$113,878,146$14,549,157$7,411,157$69,318,950
94$125,417,364$15,185,712$7,583,077$75,942,494
95$138,131,176$15,851,054$7,758,352$83,224,601
96$152,139,317$16,546,516$7,937,017$91,231,754
97$167,573,729$17,273,497$8,119,109$100,037,187
98$184,579,812$18,033,460$8,304,661$109,721,572
99$203,317,792$18,827,939$8,493,707$120,373,779
100$223,964,237$19,658,539$8,686,277$132,091,707