Can I retire at age 55 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$230,396$228,343$226,341$224,387$222,479$215,013
2 years$114,057$111,933$109,874$107,878$105,942$98,494
3 years$75,283$73,149$71,096$69,119$67,214$60,018
4 years$55,899$53,773$51,740$49,796$47,938$41,048
5 years$44,272$42,158$40,152$38,248$36,441$29,877
6 years$36,524$34,425$32,449$30,587$28,835$22,600
7 years$30,991$28,910$26,965$25,148$23,450$17,545
8 years$26,843$24,782$22,869$21,096$19,454$13,874
9 years$23,619$21,577$19,697$17,969$16,383$11,121
10 years$21,041$19,019$17,172$15,489$13,960$9,007
11 years$18,933$16,931$15,118$13,480$12,006$7,353
12 years$17,178$15,197$13,417$11,824$10,404$6,041
13 years$15,694$13,733$11,987$10,439$9,072$4,988
14 years$14,423$12,483$10,770$9,266$7,953$4,136
15 years$13,323$11,404$9,724$8,264$7,002$3,440
16 years$12,361$10,463$8,816$7,400$6,189$2,869
17 years$11,513$9,636$8,023$6,648$5,487$2,398
18 years$10,760$8,904$7,324$5,992$4,879$2,008
19 years$10,087$8,252$6,704$5,414$4,349$1,684
20 years$9,482$7,668$6,153$4,903$3,884$1,414
21 years$8,936$7,143$5,660$4,450$3,476$1,189
22 years$8,440$6,667$5,216$4,046$3,116$1,000
23 years$7,987$6,236$4,816$3,685$2,797$842
24 years$7,573$5,843$4,454$3,361$2,514$710
25 years$7,193$5,483$4,125$3,069$2,262$598
26 years$6,843$5,153$3,826$2,806$2,038$504
27 years$6,519$4,850$3,553$2,569$1,837$426
28 years$6,218$4,570$3,303$2,354$1,658$359
29 years$5,939$4,311$3,074$2,158$1,497$303
30 years$5,679$4,071$2,863$1,981$1,353$256
31 years$5,436$3,849$2,669$1,819$1,223$216
32 years$5,209$3,642$2,490$1,672$1,106$183
33 years$4,996$3,449$2,325$1,537$1,001$154
34 years$4,797$3,269$2,173$1,415$906$130
35 years$4,608$3,100$2,031$1,302$821$110
36 years$4,431$2,943$1,900$1,199$744$93
37 years$4,264$2,795$1,778$1,105$674$79
38 years$4,106$2,656$1,665$1,018$611$66
39 years$3,956$2,526$1,560$939$554$56
40 years$3,814$2,403$1,463$866$503$47
41 years$3,680$2,287$1,371$799$456$40
42 years$3,552$2,178$1,286$738$414$34
43 years$3,431$2,076$1,207$681$376$29
44 years$3,315$1,978$1,133$629$341$24
45 years$3,205$1,887$1,064$581$309$20
46 years$3,100$1,800$999$536$281$17
47 years$2,999$1,718$939$495$255$15
48 years$2,903$1,640$882$458$232$12
49 years$2,812$1,566$829$423$210$10
50 years$2,724$1,496$780$391$191$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,790,000, adding $5,789 every year, while hoping to spend $33,168 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: 87/5/8 Blend
54$2,790,000$2,790,000$2,790,000$2,790,000
55$3,080,551$2,932,681$2,889,436$3,345,605
56$3,359,477$3,041,092$2,950,942$3,627,667
57$3,665,742$3,153,704$3,013,396$3,932,470
58$4,002,098$3,270,686$3,076,796$4,266,434
59$4,371,581$3,392,218$3,141,137$4,632,476
60$4,777,530$3,518,485$3,206,414$5,033,811
61$5,223,628$3,649,681$3,272,619$5,473,976
62$5,713,930$3,786,007$3,339,743$5,956,870
63$6,252,904$3,927,674$3,407,777$6,486,787
64$6,845,472$4,074,902$3,476,709$7,068,456
65$7,497,057$4,227,919$3,546,526$7,707,089
66$8,213,634$4,386,964$3,617,212$8,408,424
67$9,001,786$4,552,287$3,688,750$9,178,785
68$9,868,766$4,724,147$3,761,121$10,025,138
69$10,822,565$4,902,815$3,834,303$10,955,156
70$11,871,988$5,088,574$3,908,274$11,977,295
71$13,026,736$5,281,719$3,983,006$13,100,869
72$14,297,498$5,482,559$4,058,472$14,336,139
73$15,696,052$5,691,413$4,134,640$15,694,412
74$17,235,375$5,908,618$4,211,476$17,188,144
75$18,929,766$6,134,524$4,288,943$18,831,061
76$20,794,981$6,369,494$4,367,002$20,638,284
77$22,848,381$6,613,911$4,445,609$22,626,474
78$25,109,096$6,868,173$4,524,716$24,813,988
79$27,598,204$7,132,694$4,604,275$27,221,054
80$30,338,933$7,407,908$4,684,230$29,869,959
81$33,356,876$7,694,267$4,764,524$32,785,260
82$36,680,235$7,992,244$4,845,093$35,994,014
83$40,340,088$8,302,332$4,925,872$39,526,037
84$44,370,677$8,625,047$5,006,789$43,414,182
85$48,809,736$8,960,925$5,087,767$47,694,647
86$53,698,848$9,310,528$5,168,725$52,407,320
87$59,083,830$9,674,444$5,249,577$57,596,155
88$65,015,172$10,053,283$5,330,230$63,309,582
89$71,548,513$10,447,687$5,410,586$69,600,968
90$78,745,161$10,858,324$5,490,540$76,529,121
91$86,672,676$11,285,890$5,569,981$84,158,841
92$95,405,506$11,731,116$5,648,793$92,561,531
93$105,025,689$12,194,762$5,726,849$101,815,877
94$115,623,629$12,677,625$5,804,018$112,008,581
95$127,298,947$13,180,536$5,880,160$123,235,187
96$140,161,420$13,704,364$5,955,127$135,600,978
97$154,332,023$14,250,015$6,028,761$149,221,969
98$169,944,062$14,818,438$6,100,897$164,226,006
99$187,144,439$15,410,625$6,171,361$180,753,966
100$206,095,037$16,027,611$6,239,966$198,961,091