Can I retire at age 55 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$237,002$234,891$232,831$230,821$228,858$221,002
2 years$117,328$115,143$113,025$110,972$108,980$101,145
3 years$77,441$75,247$73,135$71,101$69,141$61,574
4 years$57,502$55,314$53,223$51,224$49,312$42,070
5 years$45,542$43,367$41,303$39,345$37,486$30,588
6 years$37,571$35,413$33,379$31,464$29,662$23,113
7 years$31,880$29,739$27,738$25,869$24,123$17,923
8 years$27,613$25,492$23,524$21,701$20,012$14,156
9 years$24,296$22,196$20,261$18,484$16,853$11,333
10 years$21,645$19,564$17,664$15,933$14,360$9,167
11 years$19,476$17,417$15,551$13,867$12,350$7,475
12 years$17,671$15,632$13,802$12,163$10,702$6,133
13 years$16,144$14,127$12,331$10,738$9,332$5,057
14 years$14,837$12,841$11,079$9,532$8,181$4,186
15 years$13,705$11,731$10,003$8,501$7,203$3,477
16 years$12,715$10,763$9,069$7,612$6,366$2,896
17 years$11,843$9,912$8,253$6,839$5,645$2,417
18 years$11,068$9,159$7,534$6,163$5,019$2,021
19 years$10,376$8,489$6,897$5,569$4,473$1,693
20 years$9,754$7,888$6,329$5,044$3,996$1,419
21 years$9,192$7,347$5,822$4,578$3,576$1,191
22 years$8,682$6,859$5,366$4,162$3,205$1,001
23 years$8,216$6,415$4,954$3,791$2,877$841
24 years$7,791$6,010$4,582$3,457$2,586$708
25 years$7,399$5,640$4,244$3,157$2,327$596
26 years$7,039$5,301$3,936$2,887$2,096$501
27 years$6,706$4,989$3,655$2,642$1,890$422
28 years$6,397$4,701$3,398$2,421$1,705$356
29 years$6,110$4,435$3,162$2,220$1,540$300
30 years$5,842$4,188$2,945$2,038$1,391$253
31 years$5,592$3,959$2,746$1,871$1,258$213
32 years$5,359$3,746$2,562$1,720$1,138$180
33 years$5,140$3,548$2,392$1,581$1,030$152
34 years$4,934$3,362$2,235$1,455$932$128
35 years$4,741$3,189$2,089$1,340$844$108
36 years$4,558$3,027$1,955$1,234$765$91
37 years$4,386$2,875$1,829$1,137$693$77
38 years$4,224$2,732$1,713$1,048$629$65
39 years$4,070$2,598$1,605$966$570$55
40 years$3,924$2,472$1,504$891$517$46
41 years$3,785$2,353$1,411$822$469$39
42 years$3,654$2,241$1,323$759$426$33
43 years$3,529$2,135$1,242$700$386$28
44 years$3,410$2,035$1,166$647$351$23
45 years$3,297$1,941$1,094$597$318$20
46 years$3,188$1,851$1,028$552$289$17
47 years$3,085$1,767$966$510$262$14
48 years$2,987$1,687$907$471$238$12
49 years$2,892$1,611$853$435$216$10
50 years$2,802$1,539$802$402$197$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,870,000, adding $6,761 every year, while hoping to spend $28,976 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: 70/12/18 Blend
54$2,870,000$2,870,000$2,870,000$2,870,000
55$3,169,714$3,017,604$2,973,119$3,377,482
56$3,462,195$3,134,636$3,041,888$3,633,776
57$3,783,537$3,256,432$3,111,990$3,910,113
58$4,136,655$3,383,194$3,183,439$4,211,840
59$4,524,757$3,515,134$3,256,247$4,541,461
60$4,951,380$3,652,474$3,330,429$4,901,735
61$5,420,419$3,795,443$3,405,997$5,295,698
62$5,936,166$3,944,284$3,482,962$5,726,694
63$6,503,349$4,099,248$3,561,336$6,198,404
64$7,127,179$4,260,599$3,641,128$6,714,881
65$7,813,394$4,428,612$3,722,350$7,280,590
66$8,568,320$4,603,573$3,805,008$7,900,448
67$9,398,924$4,785,783$3,889,110$8,579,868
68$10,312,883$4,975,556$3,974,665$9,324,814
69$11,318,657$5,173,218$4,061,676$10,141,854
70$12,425,567$5,379,113$4,150,149$11,038,222
71$13,643,882$5,593,597$4,240,086$12,021,886
72$14,984,919$5,817,044$4,331,490$13,101,622
73$16,461,147$6,049,845$4,424,361$14,287,098
74$18,086,304$6,292,408$4,518,698$15,588,965
75$19,875,530$6,545,159$4,614,498$17,018,954
76$21,845,507$6,808,545$4,711,756$18,589,988
77$24,014,616$7,083,030$4,810,467$20,316,304
78$26,403,111$7,369,103$4,910,621$22,213,587
79$29,033,311$7,667,272$5,012,210$24,299,115
80$31,929,810$7,978,069$5,115,220$26,591,926
81$35,119,707$8,302,051$5,219,637$29,112,990
82$38,632,865$8,639,800$5,325,442$31,885,415
83$42,502,190$8,991,923$5,432,617$34,934,656
84$46,763,942$9,359,056$5,541,139$38,288,762
85$51,458,079$9,741,864$5,650,982$41,978,634
86$56,628,631$10,141,043$5,762,117$46,038,320
87$62,324,116$10,557,319$5,874,513$50,505,332
88$68,598,001$10,991,453$5,988,135$55,421,004
89$75,509,202$11,444,239$6,102,942$60,830,878
90$83,122,644$11,916,510$6,218,893$66,785,131
91$91,509,868$12,409,134$6,335,941$73,339,054
92$100,749,714$12,923,021$6,454,035$80,553,568
93$110,929,058$13,459,122$6,573,118$88,495,799
94$122,143,636$14,018,433$6,693,131$97,239,711
95$134,498,945$14,601,994$6,814,009$106,866,805
96$148,111,240$15,210,894$6,935,681$117,466,883
97$163,108,631$15,846,273$7,058,072$129,138,900
98$179,632,293$16,509,322$7,181,098$141,991,893
99$197,837,796$17,201,287$7,304,674$156,146,008
100$217,896,574$17,923,473$7,428,704$171,733,639