Can I retire at age 55 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$229,570$227,525$225,530$223,583$221,681$213,223
2 years$113,648$111,532$109,481$107,492$105,562$97,140
3 years$75,013$72,887$70,841$68,871$66,973$58,852
4 years$55,699$53,580$51,554$49,618$47,766$40,008
5 years$44,114$42,007$40,008$38,111$36,311$28,936
6 years$36,393$34,302$32,333$30,478$28,732$21,745
7 years$30,880$28,807$26,869$25,057$23,366$16,766
8 years$26,747$24,693$22,787$21,020$19,385$13,164
9 years$23,534$21,500$19,626$17,904$16,325$10,475
10 years$20,966$18,951$17,110$15,434$13,909$8,419
11 years$18,866$16,871$15,064$13,432$11,963$6,820
12 years$17,117$15,142$13,369$11,782$10,367$5,558
13 years$15,638$13,684$11,944$10,401$9,040$4,552
14 years$14,372$12,439$10,732$9,233$7,924$3,742
15 years$13,275$11,363$9,689$8,234$6,977$3,086
16 years$12,316$10,425$8,785$7,373$6,166$2,552
17 years$11,472$9,601$7,994$6,625$5,468$2,114
18 years$10,721$8,872$7,297$5,970$4,862$1,755
19 years$10,051$8,222$6,680$5,395$4,333$1,458
20 years$9,448$7,641$6,131$4,886$3,870$1,213
21 years$8,904$7,117$5,639$4,434$3,464$1,011
22 years$8,409$6,643$5,197$4,032$3,105$842
23 years$7,959$6,213$4,799$3,672$2,787$703
24 years$7,546$5,822$4,438$3,349$2,505$586
25 years$7,167$5,463$4,111$3,058$2,254$490
26 years$6,818$5,135$3,812$2,796$2,030$409
27 years$6,495$4,832$3,540$2,560$1,831$342
28 years$6,196$4,553$3,291$2,345$1,652$285
29 years$5,918$4,296$3,063$2,151$1,491$239
30 years$5,659$4,057$2,853$1,974$1,348$199
31 years$5,417$3,835$2,659$1,813$1,218$167
32 years$5,191$3,629$2,481$1,666$1,102$139
33 years$4,979$3,436$2,317$1,532$997$117
34 years$4,779$3,257$2,165$1,409$903$98
35 years$4,592$3,089$2,024$1,298$818$82
36 years$4,415$2,932$1,893$1,195$741$68
37 years$4,249$2,785$1,772$1,101$672$57
38 years$4,091$2,647$1,659$1,015$609$48
39 years$3,942$2,517$1,555$936$552$40
40 years$3,801$2,394$1,457$863$501$33
41 years$3,667$2,279$1,366$796$454$28
42 years$3,539$2,171$1,282$735$412$23
43 years$3,418$2,068$1,203$678$374$20
44 years$3,303$1,971$1,129$626$340$16
45 years$3,193$1,880$1,060$578$308$14
46 years$3,088$1,793$996$534$280$11
47 years$2,989$1,711$935$494$254$10
48 years$2,893$1,634$879$456$231$8
49 years$2,802$1,560$826$422$210$7
50 years$2,714$1,490$777$390$190$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,780,000, adding $5,140 every year, while hoping to spend $56,273 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: 34/48/18 Blend
54$2,780,000$2,780,000$2,780,000$2,780,000
55$3,068,862$2,921,522$2,878,432$3,156,020
56$3,322,012$3,004,802$2,914,985$3,303,790
57$3,599,097$3,090,278$2,950,877$3,457,445
58$3,902,499$3,177,996$2,986,026$3,621,955
59$4,234,842$3,268,005$3,020,346$3,798,312
60$4,599,014$3,360,355$3,053,745$3,987,607
61$4,998,196$3,455,096$3,086,128$4,191,037
62$5,435,892$3,552,276$3,117,394$4,409,923
63$5,915,962$3,651,946$3,147,435$4,645,716
64$6,442,655$3,754,156$3,176,139$4,900,013
65$7,020,654$3,858,958$3,203,388$5,174,571
66$7,655,115$3,966,401$3,229,056$5,471,326
67$8,351,720$4,076,538$3,253,013$5,792,408
68$9,116,725$4,189,419$3,275,119$6,140,161
69$9,957,025$4,305,094$3,295,229$6,517,166
70$10,880,213$4,423,614$3,313,190$6,926,266
71$11,894,654$4,545,031$3,328,842$7,370,591
72$13,009,565$4,669,394$3,342,014$7,853,589
73$14,235,099$4,796,753$3,352,530$8,379,055
74$15,582,442$4,927,157$3,360,203$8,951,171
75$17,063,919$5,060,655$3,364,837$9,574,543
76$18,693,106$5,197,294$3,366,226$10,254,244
77$20,484,963$5,337,122$3,364,155$10,995,863
78$22,455,971$5,480,183$3,358,397$11,805,556
79$24,624,292$5,626,524$3,348,715$12,690,106
80$27,009,932$5,776,186$3,334,859$13,656,986
81$29,634,937$5,929,211$3,316,569$14,714,426
82$32,523,598$6,085,639$3,293,571$15,871,499
83$35,702,678$6,245,508$3,265,578$17,138,198
84$39,201,666$6,408,854$3,232,291$18,525,534
85$43,053,057$6,575,708$3,193,393$20,045,640
86$47,292,654$6,746,103$3,148,557$21,711,886
87$51,959,907$6,920,064$3,097,436$23,539,003
88$57,098,287$7,097,617$3,039,670$25,543,223
89$62,755,694$7,278,782$2,974,880$27,742,435
90$68,984,908$7,463,575$2,902,672$30,156,348
91$75,844,087$7,652,010$2,822,630$32,806,683
92$83,397,319$7,844,093$2,734,323$35,717,377
93$91,715,220$8,039,828$2,637,298$38,914,805
94$100,875,606$8,239,213$2,531,080$42,428,034
95$110,964,222$8,442,238$2,415,176$46,289,096
96$122,075,554$8,648,890$2,289,066$50,533,290
97$134,313,722$8,859,147$2,152,211$55,199,514
98$147,793,456$9,072,980$2,004,044$60,330,639
99$162,641,185$9,290,352$1,843,976$65,973,905
100$178,996,225$9,511,218$1,671,389$72,181,376