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

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$237,828$235,709$233,642$231,625$229,655$227,541
2 years$117,736$115,544$113,419$111,358$109,360$107,230
3 years$77,711$75,509$73,389$71,348$69,382$67,302
4 years$57,703$55,507$53,409$51,402$49,484$47,470
5 years$45,701$43,518$41,447$39,482$37,617$35,675
6 years$37,702$35,536$33,496$31,574$29,765$27,898
7 years$31,991$29,843$27,835$25,959$24,207$22,415
8 years$27,709$25,581$23,606$21,776$20,082$18,365
9 years$24,381$22,273$20,332$18,548$16,912$15,270
10 years$21,720$19,632$17,726$15,989$14,410$12,841
11 years$19,544$17,478$15,606$13,915$12,393$10,897
12 years$17,732$15,687$13,850$12,205$10,739$9,315
13 years$16,200$14,176$12,374$10,776$9,365$8,010
14 years$14,888$12,886$11,118$9,565$8,209$6,921
15 years$13,752$11,772$10,038$8,531$7,228$6,006
16 years$12,759$10,800$9,101$7,638$6,388$5,230
17 years$11,884$9,947$8,281$6,863$5,664$4,568
18 years$11,107$9,191$7,560$6,185$5,036$3,999
19 years$10,413$8,518$6,921$5,589$4,489$3,510
20 years$9,788$7,916$6,351$5,062$4,010$3,086
21 years$9,224$7,373$5,842$4,594$3,588$2,717
22 years$8,712$6,882$5,384$4,177$3,216$2,396
23 years$8,245$6,437$4,972$3,804$2,887$2,116
24 years$7,818$6,031$4,598$3,469$2,595$1,870
25 years$7,425$5,660$4,259$3,168$2,335$1,655
26 years$7,063$5,319$3,950$2,897$2,103$1,465
27 years$6,729$5,006$3,668$2,652$1,896$1,299
28 years$6,419$4,717$3,409$2,429$1,711$1,152
29 years$6,131$4,450$3,173$2,228$1,545$1,022
30 years$5,862$4,203$2,955$2,045$1,396$907
31 years$5,612$3,973$2,755$1,878$1,262$805
32 years$5,377$3,759$2,571$1,726$1,142$716
33 years$5,158$3,560$2,400$1,587$1,033$636
34 years$4,951$3,374$2,243$1,460$936$565
35 years$4,757$3,200$2,097$1,344$847$503
36 years$4,574$3,038$1,961$1,238$768$447
37 years$4,401$2,885$1,836$1,141$696$398
38 years$4,238$2,742$1,719$1,051$631$354
39 years$4,084$2,607$1,611$969$572$315
40 years$3,937$2,480$1,510$894$519$281
41 years$3,799$2,361$1,416$825$471$250
42 years$3,667$2,249$1,328$761$427$222
43 years$3,541$2,143$1,246$703$388$198
44 years$3,422$2,042$1,170$649$352$176
45 years$3,308$1,948$1,098$599$319$157
46 years$3,200$1,858$1,031$554$290$140
47 years$3,096$1,773$969$511$263$125
48 years$2,997$1,693$911$473$239$111
49 years$2,902$1,616$856$437$217$99
50 years$2,812$1,544$805$404$197$88

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 $6,160 every year, while hoping to spend $55,092 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: 54/26/20 Blend
54$2,880,000$2,880,000$2,880,000$2,880,000
55$3,180,114$3,027,474$2,982,834$3,334,214
56$3,445,868$3,117,203$3,024,142$3,530,211
57$3,736,883$3,209,482$3,064,986$3,737,137
58$4,055,676$3,304,378$3,105,295$3,961,200
59$4,405,022$3,401,959$3,144,989$4,204,054
60$4,787,975$3,502,296$3,183,987$4,467,519
61$5,207,898$3,605,458$3,222,200$4,753,599
62$5,668,498$3,711,520$3,259,538$5,064,498
63$6,173,854$3,820,554$3,295,902$5,402,645
64$6,728,463$3,932,637$3,331,190$5,770,717
65$7,337,276$4,047,845$3,365,295$6,171,656
66$8,005,746$4,166,258$3,398,100$6,608,708
67$8,739,883$4,287,955$3,429,487$7,085,445
68$9,546,304$4,413,018$3,459,328$7,605,802
69$10,432,301$4,541,530$3,487,490$8,174,112
70$11,405,907$4,673,576$3,513,832$8,795,150
71$12,475,970$4,809,241$3,538,205$9,474,175
72$13,652,239$4,948,614$3,560,456$10,216,980
73$14,945,455$5,091,784$3,580,418$11,029,948
74$16,367,450$5,238,841$3,597,921$11,920,108
75$17,931,262$5,389,876$3,612,784$12,895,207
76$19,651,255$5,544,984$3,624,816$13,963,779
77$21,543,253$5,704,258$3,633,818$15,135,227
78$23,624,694$5,867,796$3,639,579$16,419,909
79$25,914,788$6,035,693$3,641,881$17,829,238
80$28,434,704$6,208,050$3,640,492$19,375,792
81$31,207,765$6,384,965$3,635,169$21,073,426
82$34,259,668$6,566,540$3,625,658$22,937,409
83$37,618,730$6,752,876$3,611,694$24,984,562
84$41,316,151$6,944,077$3,592,995$27,233,424
85$45,386,308$7,140,246$3,569,270$29,704,421
86$49,867,082$7,341,489$3,540,212$32,420,059
87$54,800,213$7,547,911$3,505,498$35,405,139
88$60,231,695$7,759,619$3,464,792$38,686,992
89$66,212,206$7,976,718$3,417,741$42,295,733
90$72,797,591$8,199,318$3,363,975$46,264,545
91$80,049,385$8,427,524$3,303,108$50,629,997
92$88,035,395$8,661,445$3,234,735$55,432,386
93$96,830,339$8,901,189$3,158,432$60,716,118
94$106,516,549$9,146,864$3,073,756$66,530,124
95$117,184,754$9,398,576$2,980,242$72,928,329
96$128,934,925$9,656,433$2,877,407$79,970,154
97$141,877,230$9,920,541$2,764,743$87,721,082
98$156,133,065$10,191,005$2,641,719$96,253,272
99$171,836,202$10,467,929$2,507,781$105,646,244
100$189,134,053$10,751,415$2,362,350$115,987,629