Can I retire at age 55 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$227,092$225,070$223,096$221,170$219,289$214,686
2 years$112,422$110,328$108,299$106,332$104,423$99,807
3 years$74,204$72,101$70,077$68,128$66,250$61,766
4 years$55,098$53,002$50,998$49,082$47,250$42,932
5 years$43,638$41,554$39,576$37,700$35,919$31,778
6 years$36,000$33,932$31,984$30,149$28,421$24,463
7 years$30,547$28,496$26,579$24,787$23,114$19,339
8 years$26,458$24,426$22,541$20,793$19,175$15,583
9 years$23,280$21,268$19,414$17,711$16,149$12,735
10 years$20,740$18,746$16,926$15,267$13,759$10,522
11 years$18,662$16,689$14,901$13,287$11,834$8,768
12 years$16,932$14,979$13,224$11,655$10,255$7,357
13 years$15,469$13,537$11,815$10,289$8,942$6,207
14 years$14,216$12,304$10,616$9,134$7,839$5,261
15 years$13,132$11,240$9,585$8,146$6,902$4,475
16 years$12,184$10,313$8,690$7,293$6,100$3,819
17 years$11,348$9,498$7,908$6,553$5,409$3,267
18 years$10,606$8,776$7,219$5,906$4,809$2,802
19 years$9,943$8,134$6,608$5,336$4,286$2,407
20 years$9,346$7,558$6,065$4,833$3,829$2,071
21 years$8,808$7,040$5,578$4,386$3,426$1,784
22 years$8,319$6,572$5,141$3,988$3,071$1,539
23 years$7,873$6,146$4,747$3,632$2,757$1,329
24 years$7,465$5,759$4,390$3,313$2,478$1,148
25 years$7,090$5,404$4,066$3,025$2,230$993
26 years$6,744$5,079$3,771$2,766$2,008$859
27 years$6,425$4,780$3,502$2,532$1,811$744
28 years$6,129$4,504$3,256$2,320$1,634$644
29 years$5,854$4,249$3,030$2,127$1,475$558
30 years$5,598$4,013$2,822$1,952$1,333$484
31 years$5,359$3,794$2,631$1,793$1,205$420
32 years$5,135$3,590$2,455$1,648$1,090$364
33 years$4,925$3,399$2,292$1,515$987$316
34 years$4,728$3,222$2,141$1,394$893$274
35 years$4,542$3,056$2,002$1,284$809$238
36 years$4,368$2,900$1,873$1,182$733$206
37 years$4,203$2,755$1,753$1,089$664$179
38 years$4,047$2,618$1,642$1,004$602$156
39 years$3,899$2,489$1,538$926$546$135
40 years$3,760$2,369$1,442$854$495$117
41 years$3,627$2,255$1,352$788$449$102
42 years$3,501$2,147$1,268$727$408$88
43 years$3,381$2,046$1,190$671$370$77
44 years$3,267$1,950$1,117$620$336$67
45 years$3,159$1,860$1,049$572$305$58
46 years$3,055$1,774$985$529$277$50
47 years$2,956$1,693$925$488$251$44
48 years$2,862$1,616$870$451$228$38
49 years$2,771$1,543$817$417$207$33
50 years$2,685$1,474$768$385$188$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,750,000, adding $4,958 every year, while hoping to spend $23,581 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: 35/50/15 Blend
54$2,750,000$2,750,000$2,750,000$2,750,000
55$3,035,614$2,889,864$2,847,239$3,127,630
56$3,320,157$3,006,378$2,917,532$3,311,356
57$3,632,932$3,127,810$2,989,389$3,506,876
58$3,976,796$3,254,377$3,062,838$3,717,328
59$4,354,893$3,386,305$3,137,906$3,944,049
60$4,770,688$3,523,830$3,214,622$4,188,503
61$5,227,999$3,667,199$3,293,013$4,452,296
62$5,731,034$3,816,670$3,373,108$4,737,191
63$6,284,426$3,972,513$3,454,934$5,045,121
64$6,893,282$4,135,011$3,538,518$5,378,208
65$7,563,228$4,304,458$3,623,890$5,738,783
66$8,300,464$4,481,164$3,711,078$6,129,401
67$9,111,821$4,665,450$3,800,108$6,552,871
68$10,004,824$4,857,654$3,891,009$7,012,278
69$10,987,767$5,058,130$3,983,808$7,511,010
70$12,069,787$5,267,247$4,078,534$8,052,789
71$13,260,954$5,485,390$4,175,213$8,641,705
72$14,572,360$5,712,963$4,273,872$9,282,254
73$16,016,232$5,950,390$4,374,538$9,979,376
74$17,606,040$6,198,111$4,477,237$10,738,503
75$19,356,628$6,456,590$4,581,996$11,565,607
76$21,284,350$6,726,309$4,688,839$12,467,253
77$23,407,230$7,007,775$4,797,792$13,450,663
78$25,745,129$7,301,517$4,908,879$14,523,778
79$28,319,929$7,608,088$5,022,124$15,695,334
80$31,155,746$7,928,069$5,137,549$16,974,937
81$34,279,153$8,262,065$5,255,178$18,373,160
82$37,719,432$8,610,711$5,375,031$19,901,632
83$41,508,848$8,974,670$5,497,129$21,573,150
84$45,682,959$9,354,638$5,621,491$23,401,796
85$50,280,946$9,751,340$5,748,136$25,403,066
86$55,345,985$10,165,538$5,877,081$27,594,015
87$60,925,654$10,598,028$6,008,342$29,993,414
88$67,072,382$11,049,642$6,141,933$32,621,923
89$73,843,944$11,521,254$6,277,866$35,502,287
90$81,304,006$12,013,775$6,416,155$38,659,542
91$89,522,725$12,528,161$6,556,807$42,121,250
92$98,577,414$13,065,412$6,699,831$45,917,757
93$108,553,268$13,626,575$6,845,233$50,082,472
94$119,544,169$14,212,744$6,993,015$54,652,180
95$131,653,573$14,825,068$7,143,180$59,667,388
96$144,995,487$15,464,746$7,295,727$65,172,697
97$159,695,544$16,133,036$7,450,651$71,217,222
98$175,892,188$16,831,253$7,607,946$77,855,052
99$193,737,983$17,560,776$7,767,604$85,145,749
100$213,401,049$18,323,046$7,929,610$93,154,915