Can I retire at age 55 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$237,828$235,709$233,642$231,625$229,655$226,410
2 years$117,736$115,544$113,419$111,358$109,360$106,097
3 years$77,711$75,509$73,389$71,348$69,382$66,203
4 years$57,703$55,507$53,409$51,402$49,484$46,412
5 years$45,701$43,518$41,447$39,482$37,617$34,662
6 years$37,702$35,536$33,496$31,574$29,765$26,931
7 years$31,991$29,843$27,835$25,959$24,207$21,494
8 years$27,709$25,581$23,606$21,776$20,082$17,490
9 years$24,381$22,273$20,332$18,548$16,912$14,439
10 years$21,720$19,632$17,726$15,989$14,410$12,055
11 years$19,544$17,478$15,606$13,915$12,393$10,154
12 years$17,732$15,687$13,850$12,205$10,739$8,613
13 years$16,200$14,176$12,374$10,776$9,365$7,349
14 years$14,888$12,886$11,118$9,565$8,209$6,300
15 years$13,752$11,772$10,038$8,531$7,228$5,423
16 years$12,759$10,800$9,101$7,638$6,388$4,683
17 years$11,884$9,947$8,281$6,863$5,664$4,056
18 years$11,107$9,191$7,560$6,185$5,036$3,521
19 years$10,413$8,518$6,921$5,589$4,489$3,063
20 years$9,788$7,916$6,351$5,062$4,010$2,669
21 years$9,224$7,373$5,842$4,594$3,588$2,329
22 years$8,712$6,882$5,384$4,177$3,216$2,036
23 years$8,245$6,437$4,972$3,804$2,887$1,781
24 years$7,818$6,031$4,598$3,469$2,595$1,560
25 years$7,425$5,660$4,259$3,168$2,335$1,367
26 years$7,063$5,319$3,950$2,897$2,103$1,199
27 years$6,729$5,006$3,668$2,652$1,896$1,053
28 years$6,419$4,717$3,409$2,429$1,711$924
29 years$6,131$4,450$3,173$2,228$1,545$812
30 years$5,862$4,203$2,955$2,045$1,396$714
31 years$5,612$3,973$2,755$1,878$1,262$628
32 years$5,377$3,759$2,571$1,726$1,142$552
33 years$5,158$3,560$2,400$1,587$1,033$486
34 years$4,951$3,374$2,243$1,460$936$428
35 years$4,757$3,200$2,097$1,344$847$377
36 years$4,574$3,038$1,961$1,238$768$332
37 years$4,401$2,885$1,836$1,141$696$292
38 years$4,238$2,742$1,719$1,051$631$257
39 years$4,084$2,607$1,611$969$572$227
40 years$3,937$2,480$1,510$894$519$200
41 years$3,799$2,361$1,416$825$471$176
42 years$3,667$2,249$1,328$761$427$155
43 years$3,541$2,143$1,246$703$388$137
44 years$3,422$2,042$1,170$649$352$120
45 years$3,308$1,948$1,098$599$319$106
46 years$3,200$1,858$1,031$554$290$94
47 years$3,096$1,773$969$511$263$82
48 years$2,997$1,693$911$473$239$73
49 years$2,902$1,616$856$437$217$64
50 years$2,812$1,544$805$404$197$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,880,000, adding $3,779 every year, while hoping to spend $57,243 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: 61/34/5 Blend
54$2,880,000$2,880,000$2,880,000$2,880,000
55$3,177,658$3,025,018$2,980,378$3,368,685
56$3,440,873$3,112,338$3,019,315$3,583,999
57$3,729,017$3,202,018$3,057,637$3,811,816
58$4,044,574$3,294,113$3,095,264$4,058,890
59$4,390,275$3,388,680$3,132,111$4,327,074
60$4,769,133$3,485,774$3,168,086$4,618,408
61$5,184,462$3,585,455$3,203,094$4,935,136
62$5,639,914$3,687,779$3,237,035$5,279,730
63$6,139,511$3,792,807$3,269,802$5,654,908
64$6,687,684$3,900,597$3,301,283$6,063,663
65$7,289,311$4,011,209$3,331,359$6,509,293
66$7,949,769$4,124,706$3,359,907$6,995,425
67$8,674,976$4,241,148$3,386,795$7,526,054
68$9,471,457$4,360,597$3,411,886$8,105,581
69$10,346,394$4,483,115$3,435,033$8,738,849
70$11,307,704$4,608,766$3,456,084$9,431,195
71$12,364,106$4,737,612$3,474,879$10,188,493
72$13,525,206$4,869,716$3,491,249$11,017,216
73$14,801,587$5,005,142$3,505,016$11,924,491
74$16,204,909$5,143,953$3,515,993$12,918,169
75$17,748,016$5,286,213$3,523,986$14,006,899
76$19,445,062$5,431,986$3,528,787$15,200,205
77$21,311,639$5,581,334$3,530,182$16,508,581
78$23,364,927$5,734,320$3,527,944$17,943,587
79$25,623,854$5,891,007$3,521,836$19,517,957
80$28,109,277$6,051,456$3,511,607$21,245,721
81$30,844,175$6,215,729$3,496,997$23,142,334
82$33,853,866$6,383,885$3,477,732$25,224,823
83$37,166,249$6,555,983$3,453,524$27,511,949
84$40,812,062$6,732,083$3,424,073$30,024,380
85$44,825,176$6,912,239$3,389,064$32,784,889
86$49,242,912$7,096,506$3,348,165$35,818,567
87$54,106,393$7,284,938$3,301,032$39,153,058
88$59,460,930$7,477,585$3,247,302$42,818,823
89$65,356,454$7,674,496$3,186,596$46,849,422
90$71,847,983$7,875,717$3,118,517$51,281,837
91$78,996,141$8,081,291$3,042,651$56,156,815
92$86,867,730$8,291,257$2,958,562$61,519,253
93$95,536,361$8,505,652$2,865,797$67,418,625
94$105,083,149$8,724,508$2,763,881$73,909,445
95$115,597,475$8,947,853$2,652,315$81,051,780
96$127,177,831$9,175,711$2,530,582$88,911,823
97$139,932,750$9,408,102$2,398,136$97,562,509
98$153,981,829$9,645,036$2,254,412$107,084,210
99$169,456,855$9,886,523$2,098,814$117,565,488
100$186,503,054$10,132,562$1,930,724$129,103,937