Can I retire at age 55 with 2,860,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$236,176$234,072$232,020$230,017$228,060$219,012
2 years$116,919$114,741$112,631$110,585$108,600$99,596
3 years$77,172$74,985$72,880$70,853$68,900$60,224
4 years$57,302$55,122$53,038$51,045$49,140$40,858
5 years$45,383$43,216$41,159$39,208$37,356$29,489
6 years$37,440$35,289$33,263$31,355$29,558$22,111
7 years$31,769$29,636$27,642$25,779$24,039$17,009
8 years$27,517$25,403$23,442$21,625$19,943$13,323
9 years$24,212$22,118$20,191$18,420$16,794$10,575
10 years$21,569$19,496$17,603$15,878$14,310$8,479
11 years$19,408$17,356$15,497$13,819$12,307$6,850
12 years$17,609$15,578$13,753$12,121$10,665$5,568
13 years$16,088$14,078$12,288$10,701$9,300$4,548
14 years$14,785$12,796$11,041$9,499$8,152$3,728
15 years$13,657$11,690$9,968$8,471$7,178$3,066
16 years$12,671$10,725$9,038$7,585$6,344$2,528
17 years$11,802$9,878$8,224$6,815$5,625$2,088
18 years$11,030$9,127$7,507$6,142$5,001$1,728
19 years$10,340$8,459$6,873$5,550$4,458$1,432
20 years$9,720$7,861$6,307$5,026$3,982$1,187
21 years$9,160$7,322$5,802$4,562$3,563$986
22 years$8,651$6,835$5,347$4,148$3,194$819
23 years$8,188$6,392$4,937$3,777$2,867$681
24 years$7,763$5,989$4,566$3,445$2,577$567
25 years$7,374$5,621$4,229$3,146$2,319$472
26 years$7,014$5,282$3,922$2,877$2,089$393
27 years$6,682$4,971$3,642$2,633$1,883$327
28 years$6,374$4,684$3,386$2,413$1,699$272
29 years$6,088$4,419$3,151$2,212$1,534$227
30 years$5,822$4,174$2,935$2,030$1,386$189
31 years$5,573$3,945$2,736$1,865$1,253$158
32 years$5,340$3,733$2,553$1,714$1,134$131
33 years$5,122$3,535$2,384$1,576$1,026$109
34 years$4,917$3,351$2,227$1,450$929$91
35 years$4,724$3,178$2,082$1,335$841$76
36 years$4,542$3,016$1,948$1,229$762$63
37 years$4,371$2,865$1,823$1,133$691$53
38 years$4,209$2,723$1,707$1,044$626$44
39 years$4,055$2,589$1,599$963$568$37
40 years$3,910$2,463$1,499$888$515$31
41 years$3,772$2,345$1,406$819$467$26
42 years$3,641$2,233$1,319$756$424$21
43 years$3,517$2,128$1,237$698$385$18
44 years$3,398$2,028$1,162$644$349$15
45 years$3,285$1,934$1,091$595$317$12
46 years$3,177$1,845$1,024$550$288$10
47 years$3,075$1,761$962$508$262$9
48 years$2,976$1,681$904$469$238$7
49 years$2,882$1,605$850$434$216$6
50 years$2,792$1,533$799$401$196$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,860,000, adding $3,995 every year, while hoping to spend $56,711 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: 55/15/30 Blend
54$2,860,000$2,860,000$2,860,000$2,860,000
55$3,155,841$3,004,261$2,959,931$3,302,899
56$3,417,397$3,091,130$2,998,748$3,491,870
57$3,703,730$3,180,354$3,036,966$3,691,446
58$4,017,309$3,271,990$3,074,503$3,907,707
59$4,360,851$3,366,094$3,111,275$4,142,285
60$4,737,348$3,462,723$3,147,193$4,396,974
61$5,150,096$3,561,935$3,182,162$4,673,752
62$5,602,725$3,663,788$3,216,084$4,974,798
63$6,099,232$3,768,344$3,248,852$5,302,511
64$6,644,022$3,875,660$3,280,356$5,659,535
65$7,241,944$3,985,800$3,310,480$6,048,785
66$7,898,342$4,098,823$3,339,101$6,473,471
67$8,619,100$4,214,793$3,366,088$6,937,128
68$9,410,702$4,333,772$3,391,306$7,443,655
69$10,280,290$4,455,823$3,414,611$7,997,345
70$11,235,732$4,581,010$3,435,852$8,602,931
71$12,285,694$4,709,397$3,454,871$9,265,627
72$13,439,725$4,841,048$3,471,500$9,991,180
73$14,708,346$4,976,028$3,485,564$10,785,920
74$16,103,147$5,114,403$3,496,879$11,656,826
75$17,636,894$5,256,235$3,505,251$12,611,588
76$19,323,658$5,401,591$3,510,478$13,658,680
77$21,178,938$5,550,536$3,512,345$14,807,440
78$23,219,810$5,703,133$3,510,630$16,068,160
79$25,465,091$5,859,447$3,505,096$17,452,181
80$27,935,512$6,019,541$3,495,498$18,972,004
81$30,653,914$6,183,479$3,481,578$20,641,401
82$33,645,467$6,351,322$3,463,064$22,475,554
83$36,937,900$6,523,133$3,439,672$24,491,193
84$40,561,771$6,698,971$3,411,106$26,706,755
85$44,550,747$6,878,896$3,377,054$29,142,559
86$48,941,926$7,062,965$3,337,188$31,821,000
87$53,776,186$7,251,234$3,291,167$34,766,754
88$59,098,570$7,443,757$3,238,634$38,007,022
89$64,958,709$7,640,586$3,179,213$41,571,776
90$71,411,292$7,841,770$3,112,512$45,494,052
91$78,516,583$8,047,356$3,038,120$49,810,253
92$86,340,987$8,257,388$2,955,609$54,560,504
93$94,957,674$8,471,906$2,864,528$59,789,019
94$104,447,275$8,690,948$2,764,408$65,544,531
95$114,898,639$8,914,547$2,654,758$71,880,743
96$126,409,671$9,142,730$2,535,063$78,856,841
97$139,088,256$9,375,523$2,404,787$86,538,052
98$153,053,278$9,612,944$2,263,367$94,996,261
99$168,435,741$9,855,006$2,110,218$104,310,690
100$185,380,001$10,101,717$1,944,726$114,568,646