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%11.7%
1 years$239,479$237,346$235,265$233,234$231,250$229,600
2 years$118,554$116,346$114,206$112,132$110,119$108,455
3 years$78,251$76,033$73,899$71,844$69,864$68,238
4 years$58,103$55,893$53,780$51,759$49,828$48,252
5 years$46,018$43,821$41,735$39,756$37,878$36,357
6 years$37,964$35,783$33,728$31,793$29,972$28,508
7 years$32,213$30,050$28,028$26,139$24,375$22,969
8 years$27,902$25,759$23,770$21,927$20,221$18,873
9 years$24,550$22,428$20,473$18,677$17,029$15,738
10 years$21,871$19,769$17,849$16,100$14,510$13,275
11 years$19,680$17,599$15,714$14,012$12,479$11,299
12 years$17,855$15,796$13,946$12,290$10,814$9,689
13 years$16,313$14,275$12,460$10,850$9,430$8,358
14 years$14,992$12,975$11,195$9,632$8,266$7,247
15 years$13,848$11,853$10,108$8,590$7,278$6,309
16 years$12,848$10,875$9,164$7,691$6,433$5,513
17 years$11,967$10,016$8,339$6,911$5,704$4,832
18 years$11,184$9,255$7,612$6,228$5,071$4,245
19 years$10,485$8,577$6,969$5,627$4,520$3,739
20 years$9,856$7,970$6,396$5,097$4,038$3,299
21 years$9,288$7,424$5,883$4,626$3,613$2,916
22 years$8,772$6,930$5,422$4,206$3,239$2,581
23 years$8,302$6,482$5,006$3,830$2,907$2,288
24 years$7,872$6,073$4,630$3,493$2,613$2,030
25 years$7,477$5,699$4,288$3,190$2,351$1,803
26 years$7,112$5,356$3,977$2,917$2,118$1,603
27 years$6,776$5,041$3,693$2,670$1,910$1,426
28 years$6,463$4,750$3,433$2,446$1,723$1,270
29 years$6,173$4,481$3,195$2,243$1,556$1,131
30 years$5,903$4,232$2,976$2,059$1,406$1,008
31 years$5,651$4,001$2,774$1,891$1,271$899
32 years$5,415$3,785$2,588$1,738$1,150$802
33 years$5,193$3,585$2,417$1,598$1,040$716
34 years$4,986$3,398$2,258$1,470$942$639
35 years$4,790$3,223$2,111$1,354$853$571
36 years$4,606$3,059$1,975$1,247$773$510
37 years$4,432$2,905$1,849$1,149$701$456
38 years$4,268$2,761$1,731$1,059$635$407
39 years$4,112$2,625$1,622$976$576$364
40 years$3,965$2,498$1,520$900$522$325
41 years$3,825$2,378$1,425$831$474$291
42 years$3,692$2,264$1,337$767$430$260
43 years$3,566$2,157$1,255$708$390$233
44 years$3,446$2,056$1,178$653$354$208
45 years$3,331$1,961$1,106$603$322$186
46 years$3,222$1,871$1,039$557$292$166
47 years$3,118$1,785$976$515$265$149
48 years$3,018$1,704$917$476$241$133
49 years$2,923$1,628$862$440$219$119
50 years$2,831$1,555$810$406$199$107

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 $5,036 every year, while hoping to spend $51,652 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: 50/31/19 Blend
54$2,900,000$2,900,000$2,900,000$2,900,000
55$3,200,995$3,047,295$3,002,345$3,343,876
56$3,472,539$3,141,655$3,047,966$3,537,505
57$3,770,049$3,238,907$3,093,384$3,742,103
58$4,096,120$3,339,140$3,138,538$3,963,359
59$4,453,608$3,442,441$3,183,363$4,202,863
60$4,845,660$3,548,905$3,227,790$4,462,366
61$5,275,742$3,658,625$3,271,745$4,743,795
62$5,747,670$3,771,701$3,315,151$5,049,268
63$6,265,650$3,888,231$3,357,926$5,381,120
64$6,834,312$4,008,321$3,399,983$5,741,920
65$7,458,760$4,132,077$3,441,230$6,134,495
66$8,144,613$4,259,608$3,481,571$6,561,959
67$8,898,062$4,391,027$3,520,902$7,027,741
68$9,725,928$4,526,451$3,559,116$7,535,614
69$10,635,724$4,665,999$3,596,098$8,089,736
70$11,635,730$4,809,794$3,631,729$8,694,684
71$12,735,063$4,957,963$3,665,880$9,355,499
72$13,943,771$5,110,635$3,698,419$10,077,735
73$15,272,924$5,267,945$3,729,205$10,867,505
74$16,734,718$5,430,030$3,758,089$11,731,547
75$18,342,590$5,597,032$3,784,915$12,677,279
76$20,111,344$5,769,096$3,809,520$13,712,873
77$22,057,291$5,946,372$3,831,729$14,847,334
78$24,198,405$6,129,014$3,851,362$16,090,577
79$26,554,488$6,317,181$3,868,228$17,453,529
80$29,147,358$6,511,035$3,882,126$18,948,225
81$32,001,056$6,710,744$3,892,845$20,587,926
82$35,142,073$6,916,480$3,900,165$22,387,239
83$38,599,597$7,128,419$3,903,852$24,362,260
84$42,405,788$7,346,744$3,903,663$26,530,722
85$46,596,085$7,571,642$3,899,343$28,912,161
86$51,209,537$7,803,303$3,890,622$31,528,104
87$56,289,172$8,041,927$3,877,220$34,402,267
88$61,882,401$8,287,716$3,858,841$37,560,784
89$68,041,470$8,540,878$3,835,176$41,032,449
90$74,823,946$8,801,627$3,805,901$44,848,987
91$82,293,266$9,070,184$3,770,676$49,045,358
92$90,519,330$9,346,774$3,729,145$53,660,080
93$99,579,166$9,631,630$3,680,935$58,735,599
94$109,557,652$9,924,990$3,625,657$64,318,683
95$120,548,317$10,227,099$3,562,901$70,460,868
96$132,654,227$10,538,209$3,492,240$77,218,940
97$145,988,954$10,858,578$3,413,226$84,655,474
98$160,677,650$11,188,470$3,325,392$92,839,423
99$176,858,224$11,528,159$3,228,246$101,846,769
100$194,682,647$11,877,923$3,121,277$111,761,238