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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.7%
1 years$240,305$238,165$236,076$234,038$232,047$226,622
2 years$118,963$116,747$114,600$112,518$110,499$105,063
3 years$78,521$76,296$74,154$72,091$70,105$64,830
4 years$58,304$56,085$53,965$51,938$49,999$44,925
5 years$46,177$43,972$41,879$39,893$38,009$33,149
6 years$38,095$35,906$33,845$31,903$30,075$25,435
7 years$32,324$30,154$28,125$26,229$24,459$20,040
8 years$27,998$25,847$23,852$22,003$20,291$16,091
9 years$24,635$22,505$20,544$18,742$17,088$13,103
10 years$21,946$19,837$17,911$16,156$14,560$10,786
11 years$19,748$17,660$15,768$14,060$12,522$8,954
12 years$17,917$15,850$13,994$12,333$10,851$7,484
13 years$16,369$14,324$12,503$10,888$9,463$6,289
14 years$15,044$13,020$11,234$9,665$8,295$5,308
15 years$13,896$11,894$10,142$8,620$7,303$4,497
16 years$12,892$10,913$9,196$7,718$6,455$3,821
17 years$12,008$10,050$8,368$6,934$5,723$3,255
18 years$11,223$9,287$7,639$6,249$5,089$2,779
19 years$10,521$8,607$6,993$5,647$4,536$2,377
20 years$9,890$7,998$6,418$5,114$4,051$2,036
21 years$9,320$7,450$5,903$4,641$3,626$1,746
22 years$8,803$6,954$5,441$4,220$3,250$1,499
23 years$8,331$6,504$5,023$3,843$2,917$1,288
24 years$7,899$6,094$4,646$3,505$2,622$1,108
25 years$7,502$5,719$4,303$3,201$2,359$954
26 years$7,137$5,375$3,991$2,927$2,125$821
27 years$6,799$5,058$3,706$2,679$1,916$708
28 years$6,486$4,766$3,445$2,455$1,729$610
29 years$6,195$4,497$3,206$2,251$1,561$526
30 years$5,924$4,246$2,986$2,066$1,411$454
31 years$5,670$4,014$2,784$1,897$1,275$391
32 years$5,433$3,798$2,597$1,744$1,154$338
33 years$5,211$3,597$2,425$1,604$1,044$292
34 years$5,003$3,409$2,266$1,475$945$252
35 years$4,807$3,234$2,119$1,358$856$217
36 years$4,622$3,069$1,982$1,251$776$188
37 years$4,447$2,915$1,855$1,152$703$162
38 years$4,282$2,770$1,737$1,062$637$140
39 years$4,126$2,634$1,627$979$578$121
40 years$3,978$2,506$1,525$903$524$105
41 years$3,838$2,386$1,430$834$476$90
42 years$3,705$2,272$1,342$769$432$78
43 years$3,578$2,165$1,259$710$392$67
44 years$3,457$2,064$1,182$656$356$58
45 years$3,343$1,968$1,110$606$323$50
46 years$3,233$1,877$1,042$559$293$43
47 years$3,128$1,791$979$517$266$38
48 years$3,028$1,710$920$477$242$32
49 years$2,933$1,633$865$441$219$28
50 years$2,841$1,560$813$408$199$24

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 $3,947 every year, while hoping to spend $48,389 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: 76/15/9 Blend
54$2,910,000$2,910,000$2,910,000$2,910,000
55$3,210,891$3,056,661$3,011,556$3,449,913
56$3,486,917$3,154,952$3,060,958$3,706,034
57$3,789,475$3,256,438$3,110,393$3,980,142
58$4,121,221$3,361,223$3,159,811$4,279,218
59$4,485,080$3,469,417$3,209,159$4,605,723
60$4,884,272$3,581,133$3,258,380$4,962,368
61$5,322,346$3,696,486$3,307,414$5,352,137
62$5,803,210$3,815,599$3,356,197$5,778,316
63$6,331,169$3,938,594$3,404,660$6,244,525
64$6,910,964$4,065,601$3,452,732$6,754,748
65$7,547,820$4,196,753$3,500,336$7,313,374
66$8,247,491$4,332,187$3,547,391$7,925,239
67$9,016,317$4,472,047$3,593,810$8,595,665
68$9,861,282$4,616,478$3,639,504$9,330,517
69$10,790,080$4,765,633$3,684,375$10,136,254
70$11,811,189$4,919,670$3,728,322$11,019,992
71$12,933,948$5,078,750$3,771,238$11,989,568
72$14,168,645$5,243,044$3,813,009$13,053,615
73$15,526,617$5,412,724$3,853,516$14,221,646
74$17,020,355$5,587,970$3,892,632$15,504,136
75$18,663,620$5,768,969$3,930,223$16,912,629
76$20,471,575$5,955,914$3,966,151$18,459,842
77$22,460,925$6,149,004$4,000,267$20,159,783
78$24,650,078$6,348,444$4,032,415$22,027,888
79$27,059,317$6,554,448$4,062,431$24,081,162
80$29,710,988$6,767,236$4,090,143$26,338,341
81$32,629,715$6,987,037$4,115,369$28,820,065
82$35,842,631$7,214,087$4,137,919$31,549,080
83$39,379,632$7,448,631$4,157,592$34,550,444
84$43,273,661$7,690,919$4,174,178$37,851,767
85$47,561,015$7,941,215$4,187,454$41,483,470
86$52,281,693$8,199,789$4,197,188$45,479,075
87$57,479,768$8,466,921$4,203,136$49,875,514
88$63,203,805$8,742,901$4,205,042$54,713,485
89$69,507,318$9,028,028$4,202,636$60,037,829
90$76,449,277$9,322,614$4,195,636$65,897,957
91$84,094,660$9,626,979$4,183,747$72,348,313
92$92,515,070$9,941,455$4,166,657$79,448,890
93$101,789,408$10,266,388$4,144,041$87,265,794
94$112,004,620$10,602,134$4,115,559$95,871,868
95$123,256,514$10,949,060$4,080,852$105,347,378
96$135,650,664$11,307,550$4,039,547$115,780,770
97$149,303,410$11,677,999$3,991,250$127,269,509
98$164,342,952$12,060,815$3,935,551$139,920,990
99$180,910,562$12,456,423$3,872,020$153,853,558
100$199,161,913$12,865,261$3,800,207$169,197,622