Can I retire at age 55 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$239,479$237,346$235,265$233,234$231,250$222,603
2 years$118,554$116,346$114,206$112,132$110,119$101,506
3 years$78,251$76,033$73,899$71,844$69,864$61,556
4 years$58,103$55,893$53,780$51,759$49,828$41,888
5 years$46,018$43,821$41,735$39,756$37,878$30,328
6 years$37,964$35,783$33,728$31,793$29,972$22,816
7 years$32,213$30,050$28,028$26,139$24,375$17,612
8 years$27,902$25,759$23,770$21,927$20,221$13,844
9 years$24,550$22,428$20,473$18,677$17,029$11,030
10 years$21,871$19,769$17,849$16,100$14,510$8,877
11 years$19,680$17,599$15,714$14,012$12,479$7,200
12 years$17,855$15,796$13,946$12,290$10,814$5,876
13 years$16,313$14,275$12,460$10,850$9,430$4,819
14 years$14,992$12,975$11,195$9,632$8,266$3,967
15 years$13,848$11,853$10,108$8,590$7,278$3,276
16 years$12,848$10,875$9,164$7,691$6,433$2,713
17 years$11,967$10,016$8,339$6,911$5,704$2,251
18 years$11,184$9,255$7,612$6,228$5,071$1,871
19 years$10,485$8,577$6,969$5,627$4,520$1,557
20 years$9,856$7,970$6,396$5,097$4,038$1,298
21 years$9,288$7,424$5,883$4,626$3,613$1,083
22 years$8,772$6,930$5,422$4,206$3,239$904
23 years$8,302$6,482$5,006$3,830$2,907$755
24 years$7,872$6,073$4,630$3,493$2,613$631
25 years$7,477$5,699$4,288$3,190$2,351$528
26 years$7,112$5,356$3,977$2,917$2,118$441
27 years$6,776$5,041$3,693$2,670$1,910$369
28 years$6,463$4,750$3,433$2,446$1,723$309
29 years$6,173$4,481$3,195$2,243$1,556$259
30 years$5,903$4,232$2,976$2,059$1,406$217
31 years$5,651$4,001$2,774$1,891$1,271$182
32 years$5,415$3,785$2,588$1,738$1,150$152
33 years$5,193$3,585$2,417$1,598$1,040$127
34 years$4,986$3,398$2,258$1,470$942$107
35 years$4,790$3,223$2,111$1,354$853$89
36 years$4,606$3,059$1,975$1,247$773$75
37 years$4,432$2,905$1,849$1,149$701$63
38 years$4,268$2,761$1,731$1,059$635$53
39 years$4,112$2,625$1,622$976$576$44
40 years$3,965$2,498$1,520$900$522$37
41 years$3,825$2,378$1,425$831$474$31
42 years$3,692$2,264$1,337$767$430$26
43 years$3,566$2,157$1,255$708$390$22
44 years$3,446$2,056$1,178$653$354$18
45 years$3,331$1,961$1,106$603$322$15
46 years$3,222$1,871$1,039$557$292$13
47 years$3,118$1,785$976$515$265$11
48 years$3,018$1,704$917$476$241$9
49 years$2,923$1,628$862$440$219$8
50 years$2,831$1,555$810$406$199$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,900,000, adding $3,440 every year, while hoping to spend $35,082 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: 28/46/26 Blend
54$2,900,000$2,900,000$2,900,000$2,900,000
55$3,199,348$3,045,648$3,000,698$3,262,944
56$3,488,355$3,157,558$3,063,895$3,425,547
57$3,805,664$3,273,776$3,128,032$3,596,840
58$4,154,126$3,394,475$3,193,106$3,780,162
59$4,536,881$3,519,838$3,259,108$3,976,568
60$4,957,385$3,650,053$3,326,031$4,187,213
61$5,419,451$3,785,317$3,393,865$4,413,365
62$5,927,273$3,925,836$3,462,598$4,656,417
63$6,485,478$4,071,825$3,532,218$4,917,893
64$7,099,158$4,223,506$3,602,709$5,199,472
65$7,773,927$4,381,112$3,674,054$5,502,991
66$8,515,968$4,544,887$3,746,235$5,830,472
67$9,332,093$4,715,084$3,819,231$6,184,133
68$10,229,810$4,891,966$3,893,019$6,566,412
69$11,217,388$5,075,809$3,967,572$6,979,986
70$12,303,939$5,266,901$4,042,863$7,427,798
71$13,499,503$5,465,542$4,118,862$7,913,084
72$14,815,142$5,672,044$4,195,533$8,439,397
73$16,263,046$5,886,733$4,272,843$9,010,647
74$17,856,643$6,109,949$4,350,750$9,631,132
75$19,610,733$6,342,049$4,429,212$10,305,578
76$21,541,620$6,583,402$4,508,183$11,039,182
77$23,667,271$6,834,394$4,587,613$11,837,661
78$26,007,483$7,095,430$4,667,449$12,707,305
79$28,584,071$7,366,931$4,747,633$13,655,032
80$31,421,071$7,649,336$4,828,103$14,688,455
81$34,544,971$7,943,103$4,908,795$15,815,951
82$37,984,954$8,248,712$4,989,636$17,046,736
83$41,773,183$8,566,662$5,070,552$18,390,956
84$45,945,095$8,897,475$5,151,463$19,859,776
85$50,539,739$9,241,696$5,232,281$21,465,484
86$55,600,147$9,599,894$5,312,917$23,221,609
87$61,173,735$9,972,662$5,393,273$25,143,042
88$67,312,754$10,360,620$5,473,246$27,246,176
89$74,074,781$10,764,417$5,552,725$29,549,062
90$81,523,263$11,184,727$5,631,596$32,071,570
91$89,728,114$11,622,257$5,709,733$34,835,583
92$98,766,379$12,077,745$5,787,006$37,865,194
93$108,722,956$12,551,961$5,863,277$41,186,933
94$119,691,399$13,045,709$5,938,399$44,830,016
95$131,774,803$13,559,830$6,012,216$48,826,619
96$145,086,773$14,095,201$6,084,565$53,212,176
97$159,752,498$14,652,741$6,155,273$58,025,710
98$175,909,934$15,233,406$6,224,155$63,310,203
99$193,711,103$15,838,198$6,291,020$69,112,994
100$213,323,529$16,468,164$6,355,663$75,486,225