Can I retire at age 55 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$228,744$226,706$224,719$222,778$220,884$217,763
2 years$113,240$111,131$109,087$107,105$105,183$102,044
3 years$74,743$72,625$70,586$68,623$66,732$63,674
4 years$55,499$53,387$51,369$49,439$47,594$44,640
5 years$43,955$41,856$39,864$37,974$36,180$33,338
6 years$36,262$34,179$32,216$30,368$28,628$25,902
7 years$30,769$28,703$26,772$24,967$23,282$20,673
8 years$26,651$24,604$22,705$20,944$19,315$16,822
9 years$23,450$21,422$19,556$17,840$16,266$13,888
10 years$20,890$18,883$17,049$15,378$13,859$11,595
11 years$18,798$16,810$15,010$13,384$11,920$9,766
12 years$17,055$15,088$13,321$11,739$10,329$8,284
13 years$15,582$13,635$11,901$10,364$9,007$7,068
14 years$14,320$12,394$10,693$9,200$7,896$6,060
15 years$13,227$11,322$9,655$8,205$6,952$5,216
16 years$12,272$10,388$8,753$7,347$6,144$4,504
17 years$11,430$9,567$7,965$6,601$5,448$3,901
18 years$10,683$8,840$7,271$5,949$4,844$3,386
19 years$10,015$8,193$6,656$5,375$4,318$2,946
20 years$9,414$7,613$6,109$4,868$3,857$2,567
21 years$8,872$7,091$5,619$4,418$3,451$2,240
22 years$8,379$6,620$5,179$4,017$3,093$1,958
23 years$7,930$6,191$4,782$3,659$2,777$1,713
24 years$7,519$5,801$4,422$3,337$2,496$1,500
25 years$7,141$5,444$4,096$3,047$2,246$1,315
26 years$6,794$5,116$3,799$2,786$2,023$1,153
27 years$6,472$4,815$3,527$2,550$1,824$1,012
28 years$6,174$4,537$3,279$2,337$1,646$889
29 years$5,897$4,280$3,052$2,143$1,486$781
30 years$5,639$4,042$2,842$1,967$1,343$687
31 years$5,398$3,821$2,650$1,806$1,214$604
32 years$5,172$3,616$2,472$1,660$1,098$531
33 years$4,961$3,424$2,309$1,526$994$467
34 years$4,762$3,245$2,157$1,404$900$411
35 years$4,575$3,078$2,017$1,293$815$362
36 years$4,399$2,922$1,886$1,191$738$319
37 years$4,233$2,775$1,766$1,097$669$281
38 years$4,076$2,637$1,654$1,011$607$247
39 years$3,928$2,508$1,549$932$550$218
40 years$3,787$2,386$1,452$860$499$192
41 years$3,653$2,271$1,362$793$453$169
42 years$3,527$2,163$1,277$732$411$149
43 years$3,406$2,061$1,198$676$373$131
44 years$3,291$1,964$1,125$624$338$116
45 years$3,182$1,873$1,056$576$307$102
46 years$3,077$1,787$992$532$279$90
47 years$2,978$1,705$932$492$253$79
48 years$2,883$1,628$876$455$230$70
49 years$2,792$1,555$823$420$209$62
50 years$2,704$1,485$774$388$190$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,770,000, adding $4,999 every year, while hoping to spend $41,634 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: 73/15/12 Blend
54$2,770,000$2,770,000$2,770,000$2,770,000
55$3,057,696$2,910,886$2,867,951$3,273,063
56$3,325,283$3,009,222$2,919,730$3,514,465
57$3,618,768$3,110,980$2,971,847$3,773,158
58$3,940,750$3,216,285$3,024,271$4,055,374
59$4,294,089$3,325,265$3,076,966$4,363,431
60$4,681,937$3,438,054$3,129,895$4,699,882
61$5,107,765$3,554,790$3,183,018$5,067,537
62$5,575,399$3,675,616$3,236,291$5,469,488
63$6,089,051$3,800,682$3,289,667$5,909,144
64$6,653,361$3,930,143$3,343,099$6,390,255
65$7,273,443$4,064,159$3,396,531$6,916,953
66$7,954,928$4,202,897$3,449,909$7,493,790
67$8,704,022$4,346,530$3,503,172$8,125,775
68$9,527,561$4,495,239$3,556,257$8,818,431
69$10,433,076$4,649,209$3,609,096$9,577,836
70$11,428,866$4,808,636$3,661,617$10,410,687
71$12,524,072$4,973,721$3,713,742$11,324,362
72$13,728,767$5,144,673$3,765,393$12,326,987
73$15,054,049$5,321,710$3,816,481$13,427,513
74$16,512,145$5,505,058$3,866,917$14,635,801
75$18,116,529$5,694,950$3,916,603$15,962,715
76$19,882,045$5,891,633$3,965,439$17,420,222
77$21,825,048$6,095,358$4,013,316$19,021,507
78$23,963,562$6,306,389$4,060,121$20,781,096
79$26,317,443$6,524,999$4,105,733$22,714,991
80$28,908,572$6,751,475$4,150,025$24,840,824
81$31,761,059$6,986,110$4,192,864$27,178,021
82$34,901,470$7,229,212$4,234,107$29,747,983
83$38,359,078$7,481,101$4,273,608$32,574,292
84$42,166,137$7,742,108$4,311,207$35,682,928
85$46,358,192$8,012,580$4,346,741$39,102,520
86$50,974,406$8,292,875$4,380,035$42,864,607
87$56,057,935$8,583,366$4,410,907$47,003,944
88$61,656,335$8,884,442$4,439,163$51,558,825
89$67,822,008$9,196,505$4,464,601$56,571,443
90$74,612,695$9,519,977$4,487,008$62,088,290
91$82,092,028$9,855,293$4,506,160$68,160,595
92$90,330,120$10,202,909$4,521,822$74,844,805
93$99,404,237$10,563,295$4,533,747$82,203,120
94$109,399,517$10,936,945$4,541,676$90,304,078
95$120,409,781$11,324,369$4,545,336$99,223,199
96$132,538,415$11,726,099$4,544,441$109,043,703
97$145,899,345$12,142,689$4,538,691$119,857,288
98$160,618,114$12,574,716$4,527,772$131,765,001
99$176,833,063$13,022,779$4,511,354$144,878,186
100$194,696,642$13,487,502$4,489,091$159,319,538