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%11.1%
1 years$237,002$234,891$232,831$230,821$228,858$227,798
2 years$117,328$115,143$113,025$110,972$108,980$107,910
3 years$77,441$75,247$73,135$71,101$69,141$68,094
4 years$57,502$55,314$53,223$51,224$49,312$48,296
5 years$45,542$43,367$41,303$39,345$37,486$36,505
6 years$37,571$35,413$33,379$31,464$29,662$28,716
7 years$31,880$29,739$27,738$25,869$24,123$23,213
8 years$27,613$25,492$23,524$21,701$20,012$19,138
9 years$24,296$22,196$20,261$18,484$16,853$16,015
10 years$21,645$19,564$17,664$15,933$14,360$13,557
11 years$19,476$17,417$15,551$13,867$12,350$11,582
12 years$17,671$15,632$13,802$12,163$10,702$9,969
13 years$16,144$14,127$12,331$10,738$9,332$8,633
14 years$14,837$12,841$11,079$9,532$8,181$7,514
15 years$13,705$11,731$10,003$8,501$7,203$6,568
16 years$12,715$10,763$9,069$7,612$6,366$5,762
17 years$11,843$9,912$8,253$6,839$5,645$5,071
18 years$11,068$9,159$7,534$6,163$5,019$4,475
19 years$10,376$8,489$6,897$5,569$4,473$3,958
20 years$9,754$7,888$6,329$5,044$3,996$3,508
21 years$9,192$7,347$5,822$4,578$3,576$3,114
22 years$8,682$6,859$5,366$4,162$3,205$2,769
23 years$8,216$6,415$4,954$3,791$2,877$2,465
24 years$7,791$6,010$4,582$3,457$2,586$2,197
25 years$7,399$5,640$4,244$3,157$2,327$1,961
26 years$7,039$5,301$3,936$2,887$2,096$1,751
27 years$6,706$4,989$3,655$2,642$1,890$1,566
28 years$6,397$4,701$3,398$2,421$1,705$1,401
29 years$6,110$4,435$3,162$2,220$1,540$1,254
30 years$5,842$4,188$2,945$2,038$1,391$1,123
31 years$5,592$3,959$2,746$1,871$1,258$1,006
32 years$5,359$3,746$2,562$1,720$1,138$902
33 years$5,140$3,548$2,392$1,581$1,030$809
34 years$4,934$3,362$2,235$1,455$932$726
35 years$4,741$3,189$2,089$1,340$844$652
36 years$4,558$3,027$1,955$1,234$765$585
37 years$4,386$2,875$1,829$1,137$693$525
38 years$4,224$2,732$1,713$1,048$629$472
39 years$4,070$2,598$1,605$966$570$424
40 years$3,924$2,472$1,504$891$517$381
41 years$3,785$2,353$1,411$822$469$342
42 years$3,654$2,241$1,323$759$426$308
43 years$3,529$2,135$1,242$700$386$277
44 years$3,410$2,035$1,166$647$351$249
45 years$3,297$1,941$1,094$597$318$224
46 years$3,188$1,851$1,028$552$289$201
47 years$3,085$1,767$966$510$262$181
48 years$2,987$1,687$907$471$238$163
49 years$2,892$1,611$853$435$216$146
50 years$2,802$1,539$802$402$197$132

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 $4,267 every year, while hoping to spend $21,402 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: 39/42/19 Blend
54$2,870,000$2,870,000$2,870,000$2,870,000
55$3,167,141$3,015,031$2,970,546$3,272,554
56$3,467,418$3,139,996$3,047,288$3,473,547
57$3,797,606$3,270,367$3,125,883$3,688,375
58$4,160,733$3,406,387$3,206,372$3,920,222
59$4,560,136$3,548,308$3,288,793$4,170,640
60$4,999,491$3,696,395$3,373,189$4,441,335
61$5,482,847$3,850,928$3,459,599$4,734,178
62$6,014,669$4,012,194$3,548,067$5,051,223
63$6,599,872$4,180,499$3,638,634$5,394,725
64$7,243,875$4,356,159$3,731,344$5,767,162
65$7,952,647$4,539,507$3,826,241$6,171,253
66$8,732,765$4,730,892$3,923,368$6,609,988
67$9,591,477$4,930,675$4,022,771$7,086,651
68$10,536,769$5,139,240$4,124,495$7,604,850
69$11,577,440$5,356,983$4,228,587$8,168,552
70$12,723,186$5,584,322$4,335,091$8,782,117
71$13,984,691$5,821,694$4,444,056$9,450,339
72$15,373,727$6,069,554$4,555,530$10,178,487
73$16,903,267$6,328,382$4,669,559$10,972,357
74$18,587,604$6,598,676$4,786,194$11,838,322
75$20,442,490$6,880,962$4,905,482$12,783,391
76$22,485,281$7,175,787$5,027,473$13,815,277
77$24,735,103$7,483,724$5,152,217$14,942,461
78$27,213,032$7,805,374$5,279,764$16,174,275
79$29,942,290$8,141,366$5,410,165$17,520,988
80$32,948,468$8,492,358$5,543,470$18,993,898
81$36,259,767$8,859,038$5,679,731$20,605,437
82$39,907,260$9,242,128$5,818,999$22,369,290
83$43,925,192$9,642,383$5,961,326$24,300,516
84$48,351,295$10,060,594$6,106,764$26,415,692
85$53,227,151$10,497,587$6,255,365$28,733,062
86$58,598,581$10,954,230$6,407,181$31,272,711
87$64,516,079$11,431,429$6,562,264$34,056,752
88$71,035,285$11,930,135$6,720,666$37,109,526
89$78,217,515$12,451,343$6,882,439$40,457,834
90$86,130,336$12,996,093$7,047,635$44,131,185
91$94,848,206$13,565,478$7,216,307$48,162,069
92$104,453,175$14,160,638$7,388,505$52,586,264
93$115,035,660$14,782,770$7,564,281$57,443,166
94$126,695,298$15,433,128$7,743,686$62,776,159
95$139,541,889$16,113,021$7,926,770$68,633,021
96$153,696,428$16,823,825$8,113,583$75,066,369
97$169,292,250$17,566,979$8,304,173$82,134,151
98$186,476,287$18,343,988$8,498,591$89,900,188
99$205,410,457$19,156,433$8,696,883$98,434,776
100$226,273,190$20,005,965$8,899,095$107,815,338