Can I retire at age 55 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$240,305$238,165$236,076$234,038$232,047$223,636
2 years$118,963$116,747$114,600$112,518$110,499$102,117
3 years$78,521$76,296$74,154$72,091$70,105$62,016
4 years$58,304$56,085$53,965$51,938$49,999$42,265
5 years$46,177$43,972$41,879$39,893$38,009$30,649
6 years$38,095$35,906$33,845$31,903$30,075$23,096
7 years$32,324$30,154$28,125$26,229$24,459$17,858
8 years$27,998$25,847$23,852$22,003$20,291$14,063
9 years$24,635$22,505$20,544$18,742$17,088$11,225
10 years$21,946$19,837$17,911$16,156$14,560$9,051
11 years$19,748$17,660$15,768$14,060$12,522$7,356
12 years$17,917$15,850$13,994$12,333$10,851$6,015
13 years$16,369$14,324$12,503$10,888$9,463$4,943
14 years$15,044$13,020$11,234$9,665$8,295$4,078
15 years$13,896$11,894$10,142$8,620$7,303$3,375
16 years$12,892$10,913$9,196$7,718$6,455$2,801
17 years$12,008$10,050$8,368$6,934$5,723$2,329
18 years$11,223$9,287$7,639$6,249$5,089$1,940
19 years$10,521$8,607$6,993$5,647$4,536$1,619
20 years$9,890$7,998$6,418$5,114$4,051$1,352
21 years$9,320$7,450$5,903$4,641$3,626$1,130
22 years$8,803$6,954$5,441$4,220$3,250$946
23 years$8,331$6,504$5,023$3,843$2,917$792
24 years$7,899$6,094$4,646$3,505$2,622$664
25 years$7,502$5,719$4,303$3,201$2,359$556
26 years$7,137$5,375$3,991$2,927$2,125$466
27 years$6,799$5,058$3,706$2,679$1,916$391
28 years$6,486$4,766$3,445$2,455$1,729$328
29 years$6,195$4,497$3,206$2,251$1,561$276
30 years$5,924$4,246$2,986$2,066$1,411$231
31 years$5,670$4,014$2,784$1,897$1,275$194
32 years$5,433$3,798$2,597$1,744$1,154$163
33 years$5,211$3,597$2,425$1,604$1,044$137
34 years$5,003$3,409$2,266$1,475$945$115
35 years$4,807$3,234$2,119$1,358$856$97
36 years$4,622$3,069$1,982$1,251$776$81
37 years$4,447$2,915$1,855$1,152$703$68
38 years$4,282$2,770$1,737$1,062$637$57
39 years$4,126$2,634$1,627$979$578$48
40 years$3,978$2,506$1,525$903$524$40
41 years$3,838$2,386$1,430$834$476$34
42 years$3,705$2,272$1,342$769$432$29
43 years$3,578$2,165$1,259$710$392$24
44 years$3,457$2,064$1,182$656$356$20
45 years$3,343$1,968$1,110$606$323$17
46 years$3,233$1,877$1,042$559$293$14
47 years$3,128$1,791$979$517$266$12
48 years$3,028$1,710$920$477$242$10
49 years$2,933$1,633$865$441$219$8
50 years$2,841$1,560$813$408$199$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,910,000, adding $4,696 every year, while hoping to spend $53,830 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: 64/8/28 Blend
54$2,910,000$2,910,000$2,910,000$2,910,000
55$3,211,664$3,057,434$3,012,329$3,393,029
56$3,481,979$3,149,973$3,055,967$3,608,952
57$3,778,062$3,245,243$3,099,263$3,838,440
58$4,102,484$3,343,320$3,142,149$4,088,035
59$4,458,078$3,444,284$3,184,551$4,359,723
60$4,847,963$3,548,214$3,226,394$4,655,686
61$5,275,573$3,655,195$3,267,597$4,978,333
62$5,744,693$3,765,310$3,308,072$5,330,313
63$6,259,490$3,878,649$3,347,731$5,714,547
64$6,824,554$3,995,299$3,386,476$6,134,254
65$7,444,943$4,115,353$3,424,208$6,592,977
66$8,126,226$4,238,904$3,460,818$7,094,622
67$8,874,540$4,366,050$3,496,194$7,643,494
68$9,696,645$4,496,888$3,530,218$8,244,333
69$10,599,987$4,631,519$3,562,764$8,902,364
70$11,592,769$4,770,047$3,593,701$9,623,343
71$12,684,030$4,912,578$3,622,888$10,413,614
72$13,883,727$5,059,220$3,650,181$11,280,166
73$15,202,830$5,210,085$3,675,424$12,230,701
74$16,653,424$5,365,284$3,698,457$13,273,706
75$18,248,826$5,524,936$3,719,108$14,418,533
76$20,003,707$5,689,159$3,737,198$15,675,488
77$21,934,231$5,858,073$3,752,540$17,055,926
78$24,058,207$6,031,804$3,764,936$18,572,363
79$26,395,261$6,210,479$3,774,177$20,238,589
80$28,967,011$6,394,226$3,780,046$22,069,801
81$31,797,283$6,583,179$3,782,314$24,082,747
82$34,912,324$6,777,474$3,780,740$26,295,881
83$38,341,059$6,977,248$3,775,073$28,729,542
84$42,115,357$7,182,643$3,765,048$31,406,142
85$46,270,334$7,393,803$3,750,388$34,350,380
86$50,844,684$7,610,875$3,730,801$37,589,474
87$55,881,043$7,834,009$3,705,984$41,153,421
88$61,426,391$8,063,358$3,675,617$45,075,274
89$67,532,498$8,299,077$3,639,365$49,391,463
90$74,256,407$8,541,326$3,596,878$54,142,131
91$81,660,976$8,790,267$3,547,789$59,371,518
92$89,815,470$9,046,064$3,491,713$65,128,378
93$98,796,211$9,308,884$3,428,249$71,466,439
94$108,687,304$9,578,899$3,356,975$78,444,910
95$119,581,426$9,856,282$3,277,451$86,129,042
96$131,580,701$10,141,210$3,189,215$94,590,744
97$144,797,664$10,433,860$3,091,785$103,909,258
98$159,356,323$10,734,417$2,984,657$114,171,917
99$175,393,328$11,043,063$2,867,303$125,474,959
100$193,059,261$11,359,987$2,739,171$137,924,444