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%17.9%
1 years$237,828$235,709$233,642$231,625$229,655$222,304
2 years$117,736$115,544$113,419$111,358$109,360$102,021
3 years$77,711$75,509$73,389$71,348$69,382$62,287
4 years$57,703$55,507$53,409$51,402$49,484$42,686
5 years$45,701$43,518$41,447$39,482$37,617$31,134
6 years$37,702$35,536$33,496$31,574$29,765$23,604
7 years$31,991$29,843$27,835$25,959$24,207$18,366
8 years$27,709$25,581$23,606$21,776$20,082$14,558
9 years$24,381$22,273$20,332$18,548$16,912$11,698
10 years$21,720$19,632$17,726$15,989$14,410$9,498
11 years$19,544$17,478$15,606$13,915$12,393$7,774
12 years$17,732$15,687$13,850$12,205$10,739$6,404
13 years$16,200$14,176$12,374$10,776$9,365$5,302
14 years$14,888$12,886$11,118$9,565$8,209$4,408
15 years$13,752$11,772$10,038$8,531$7,228$3,677
16 years$12,759$10,800$9,101$7,638$6,388$3,075
17 years$11,884$9,947$8,281$6,863$5,664$2,578
18 years$11,107$9,191$7,560$6,185$5,036$2,166
19 years$10,413$8,518$6,921$5,589$4,489$1,822
20 years$9,788$7,916$6,351$5,062$4,010$1,534
21 years$9,224$7,373$5,842$4,594$3,588$1,294
22 years$8,712$6,882$5,384$4,177$3,216$1,092
23 years$8,245$6,437$4,972$3,804$2,887$922
24 years$7,818$6,031$4,598$3,469$2,595$780
25 years$7,425$5,660$4,259$3,168$2,335$659
26 years$7,063$5,319$3,950$2,897$2,103$558
27 years$6,729$5,006$3,668$2,652$1,896$472
28 years$6,419$4,717$3,409$2,429$1,711$400
29 years$6,131$4,450$3,173$2,228$1,545$339
30 years$5,862$4,203$2,955$2,045$1,396$287
31 years$5,612$3,973$2,755$1,878$1,262$243
32 years$5,377$3,759$2,571$1,726$1,142$206
33 years$5,158$3,560$2,400$1,587$1,033$174
34 years$4,951$3,374$2,243$1,460$936$148
35 years$4,757$3,200$2,097$1,344$847$125
36 years$4,574$3,038$1,961$1,238$768$106
37 years$4,401$2,885$1,836$1,141$696$90
38 years$4,238$2,742$1,719$1,051$631$76
39 years$4,084$2,607$1,611$969$572$65
40 years$3,937$2,480$1,510$894$519$55
41 years$3,799$2,361$1,416$825$471$47
42 years$3,667$2,249$1,328$761$427$40
43 years$3,541$2,143$1,246$703$388$34
44 years$3,422$2,042$1,170$649$352$28
45 years$3,308$1,948$1,098$599$319$24
46 years$3,200$1,858$1,031$554$290$20
47 years$3,096$1,773$969$511$263$17
48 years$2,997$1,693$911$473$239$15
49 years$2,902$1,616$856$437$217$12
50 years$2,812$1,544$805$404$197$11

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 $5,490 every year, while hoping to spend $25,316 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: 44/46/10 Blend
54$2,880,000$2,880,000$2,880,000$2,880,000
55$3,179,423$3,026,783$2,982,143$3,309,986
56$3,476,788$3,148,159$3,055,109$3,522,590
57$3,803,636$3,274,635$3,129,670$3,749,867
58$4,162,947$3,406,432$3,205,855$3,995,623
59$4,558,005$3,543,785$3,283,688$4,261,565
60$4,992,428$3,686,936$3,363,198$4,549,567
61$5,470,201$3,836,142$3,444,411$4,861,689
62$5,995,717$3,991,668$3,527,354$5,200,191
63$6,573,813$4,153,792$3,612,053$5,567,555
64$7,209,820$4,322,807$3,698,535$5,966,512
65$7,909,613$4,499,016$3,786,827$6,400,057
66$8,679,663$4,682,737$3,876,956$6,871,486
67$9,527,102$4,874,304$3,968,946$7,384,419
68$10,459,785$5,074,064$4,062,825$7,942,838
69$11,486,371$5,282,381$4,158,618$8,551,118
70$12,616,399$5,499,636$4,256,350$9,214,071
71$13,860,381$5,726,226$4,356,046$9,936,987
72$15,229,897$5,962,569$4,457,731$10,725,688
73$16,737,710$6,209,098$4,561,428$11,586,572
74$18,397,882$6,466,270$4,667,162$12,526,682
75$20,225,910$6,734,561$4,774,956$13,553,762
76$22,238,866$7,014,468$4,884,831$14,676,335
77$24,455,567$7,306,513$4,996,808$15,903,777
78$26,896,743$7,611,241$5,110,910$17,246,405
79$29,585,241$7,929,222$5,227,156$18,715,575
80$32,546,234$8,261,052$5,345,564$20,323,783
81$35,807,462$8,607,356$5,466,152$22,084,782
82$39,399,493$8,968,786$5,588,939$24,013,711
83$43,356,011$9,346,027$5,713,938$26,127,234
84$47,714,134$9,739,791$5,841,164$28,443,695
85$52,514,763$10,150,828$5,970,630$30,983,289
86$57,802,970$10,579,920$6,102,348$33,768,250
87$63,628,423$11,027,887$6,236,327$36,823,056
88$70,045,854$11,495,584$6,372,575$40,174,661
89$77,115,573$11,983,910$6,511,098$43,852,741
90$84,904,042$12,493,802$6,651,900$47,889,977
91$93,484,499$13,026,244$6,794,984$52,322,353
92$102,937,651$13,582,263$6,940,349$57,189,500
93$113,352,433$14,162,935$7,087,992$62,535,060
94$124,826,850$14,769,387$7,237,909$68,407,095
95$137,468,900$15,402,798$7,390,090$74,858,542
96$151,397,595$16,064,403$7,544,525$81,947,700
97$166,744,083$16,755,492$7,701,200$89,738,784
98$183,652,886$17,477,418$7,860,098$98,302,519
99$202,283,267$18,231,598$8,021,197$107,716,810
100$222,810,726$19,019,512$8,184,473$118,067,467