Can I retire at age 55 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$227,918$225,888$223,907$221,974$220,086$216,262
2 years$112,831$110,729$108,693$106,718$104,803$100,963
3 years$74,473$72,363$70,331$68,375$66,491$62,754
4 years$55,298$53,194$51,183$49,261$47,422$43,818
5 years$43,796$41,705$39,720$37,837$36,050$32,587
6 years$36,131$34,055$32,100$30,258$28,525$25,209
7 years$30,658$28,600$26,675$24,877$23,198$20,030
8 years$26,555$24,515$22,623$20,869$19,245$16,224
9 years$23,365$21,345$19,485$17,776$16,207$13,331
10 years$20,815$18,814$16,987$15,323$13,809$11,075
11 years$18,730$16,749$14,955$13,335$11,877$9,282
12 years$16,993$15,033$13,273$11,697$10,292$7,833
13 years$15,525$13,586$11,858$10,327$8,975$6,648
14 years$14,268$12,349$10,655$9,167$7,867$5,669
15 years$13,179$11,281$9,620$8,175$6,927$4,853
16 years$12,228$10,350$8,722$7,320$6,122$4,168
17 years$11,389$9,532$7,936$6,577$5,428$3,589
18 years$10,644$8,808$7,245$5,927$4,827$3,098
19 years$9,979$8,163$6,632$5,356$4,302$2,679
20 years$9,380$7,586$6,087$4,851$3,843$2,321
21 years$8,840$7,066$5,599$4,402$3,439$2,013
22 years$8,349$6,596$5,160$4,003$3,082$1,748
23 years$7,901$6,169$4,764$3,645$2,767$1,520
24 years$7,492$5,780$4,406$3,325$2,487$1,323
25 years$7,116$5,424$4,081$3,036$2,238$1,152
26 years$6,769$5,098$3,785$2,776$2,016$1,004
27 years$6,449$4,798$3,515$2,541$1,817$876
28 years$6,151$4,521$3,267$2,328$1,640$764
29 years$5,875$4,265$3,041$2,135$1,481$667
30 years$5,618$4,028$2,832$1,959$1,338$583
31 years$5,378$3,807$2,640$1,800$1,210$509
32 years$5,153$3,603$2,464$1,654$1,094$445
33 years$4,943$3,412$2,300$1,521$990$389
34 years$4,745$3,234$2,149$1,399$897$340
35 years$4,559$3,067$2,009$1,288$812$297
36 years$4,384$2,911$1,880$1,186$736$260
37 years$4,218$2,765$1,759$1,093$667$227
38 years$4,062$2,628$1,648$1,008$605$199
39 years$3,914$2,499$1,544$929$548$174
40 years$3,773$2,377$1,447$857$497$152
41 years$3,640$2,263$1,357$791$451$133
42 years$3,514$2,155$1,273$730$409$117
43 years$3,394$2,053$1,194$673$372$102
44 years$3,279$1,957$1,121$622$337$89
45 years$3,170$1,866$1,052$574$306$78
46 years$3,066$1,780$989$530$278$68
47 years$2,967$1,699$929$490$252$60
48 years$2,872$1,622$873$453$229$52
49 years$2,782$1,549$820$419$208$46
50 years$2,695$1,480$771$387$189$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,760,000, adding $6,225 every year, while hoping to spend $52,577 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: 58/25/17 Blend
54$2,760,000$2,760,000$2,760,000$2,760,000
55$3,047,941$2,901,661$2,858,881$3,210,879
56$3,302,890$2,987,901$2,898,712$3,408,255
57$3,582,081$3,076,604$2,938,115$3,617,024
58$3,887,931$3,167,837$2,977,021$3,843,413
59$4,223,104$3,261,664$3,015,355$4,089,128
60$4,590,531$3,358,156$3,053,039$4,356,047
61$4,993,440$3,457,380$3,089,990$4,646,238
62$5,435,388$3,559,409$3,126,122$4,961,977
63$5,920,292$3,664,315$3,161,342$5,305,771
64$6,452,466$3,772,171$3,195,552$5,680,381
65$7,036,665$3,883,054$3,228,650$6,088,845
66$7,678,122$3,997,041$3,260,527$6,534,512
67$8,382,605$4,114,210$3,291,069$7,021,069
68$9,156,466$4,234,642$3,320,155$7,552,575
69$10,006,704$4,358,419$3,347,659$8,133,503
70$10,941,030$4,485,623$3,373,448$8,768,780
71$11,967,937$4,616,340$3,397,380$9,463,833
72$13,096,782$4,750,657$3,419,308$10,224,639
73$14,337,875$4,888,660$3,439,076$11,057,783
74$15,702,574$5,030,440$3,456,520$11,970,521
75$17,203,392$5,176,088$3,471,470$12,970,845
76$18,854,118$5,325,695$3,483,744$14,067,558
77$20,669,941$5,479,357$3,493,152$15,270,363
78$22,667,598$5,637,169$3,499,495$16,589,947
79$24,865,529$5,799,227$3,502,565$18,038,085
80$27,284,054$5,965,629$3,502,142$19,627,751
81$29,945,558$6,136,476$3,497,994$21,373,240
82$32,874,710$6,311,868$3,489,882$23,290,303
83$36,098,689$6,491,908$3,477,551$25,396,294
84$39,647,442$6,676,698$3,460,736$27,710,336
85$43,553,968$6,866,344$3,439,158$30,253,499
86$47,854,629$7,060,951$3,412,526$33,049,000
87$52,589,489$7,260,625$3,380,533$36,122,421
88$57,802,696$7,465,475$3,342,860$39,501,952
89$63,542,896$7,675,608$3,299,171$43,218,657
90$69,863,692$7,891,134$3,249,115$47,306,762
91$76,824,152$8,112,163$3,192,323$51,803,986
92$84,489,361$8,338,804$3,128,411$56,751,891
93$92,931,039$8,571,169$3,056,976$62,196,276
94$102,228,217$8,809,369$2,977,597$68,187,610
95$112,467,981$9,053,513$2,889,832$74,781,506
96$123,746,294$9,303,715$2,793,221$82,039,249
97$136,168,902$9,560,083$2,687,280$90,028,373
98$149,852,332$9,822,728$2,571,505$98,823,296
99$164,924,989$10,091,761$2,445,370$108,506,027
100$181,528,370$10,367,289$2,308,322$119,166,939