Can I retire at age 55 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$231,221$229,162$227,152$225,191$223,276$216,999
2 years$114,466$112,334$110,268$108,265$106,322$100,045
3 years$75,553$73,412$71,351$69,366$67,455$61,376
4 years$56,100$53,965$51,925$49,975$48,109$42,275
5 years$44,431$42,309$40,296$38,385$36,572$30,997
6 years$36,655$34,549$32,565$30,697$28,938$23,629
7 years$31,102$29,014$27,062$25,238$23,535$18,490
8 years$26,940$24,870$22,951$21,171$19,524$14,743
9 years$23,704$21,654$19,767$18,033$16,442$11,919
10 years$21,117$19,087$17,234$15,545$14,010$9,738
11 years$19,001$16,992$15,172$13,529$12,049$8,022
12 years$17,240$15,251$13,465$11,866$10,441$6,652
13 years$15,750$13,783$12,030$10,476$9,105$5,545
14 years$14,475$12,528$10,809$9,300$7,981$4,642
15 years$13,370$11,445$9,759$8,294$7,027$3,900
16 years$12,405$10,500$8,848$7,426$6,211$3,285
17 years$11,554$9,670$8,051$6,672$5,507$2,774
18 years$10,799$8,936$7,350$6,013$4,896$2,348
19 years$10,123$8,282$6,728$5,433$4,364$1,990
20 years$9,516$7,696$6,175$4,921$3,898$1,689
21 years$8,968$7,168$5,680$4,466$3,489$1,435
22 years$8,470$6,691$5,235$4,061$3,127$1,221
23 years$8,016$6,258$4,833$3,698$2,807$1,039
24 years$7,601$5,864$4,470$3,373$2,523$885
25 years$7,219$5,503$4,140$3,080$2,270$755
26 years$6,867$5,172$3,840$2,816$2,045$644
27 years$6,542$4,867$3,566$2,578$1,844$549
28 years$6,241$4,586$3,315$2,362$1,664$469
29 years$5,961$4,327$3,085$2,166$1,502$400
30 years$5,700$4,086$2,873$1,988$1,357$342
31 years$5,456$3,863$2,679$1,826$1,227$292
32 years$5,228$3,655$2,499$1,678$1,110$250
33 years$5,014$3,461$2,334$1,543$1,005$213
34 years$4,814$3,280$2,180$1,420$910$182
35 years$4,625$3,111$2,038$1,307$824$156
36 years$4,447$2,953$1,907$1,204$746$133
37 years$4,279$2,805$1,785$1,109$677$114
38 years$4,120$2,666$1,671$1,022$613$97
39 years$3,970$2,535$1,566$942$556$83
40 years$3,828$2,412$1,468$869$504$71
41 years$3,693$2,296$1,376$802$458$61
42 years$3,565$2,186$1,291$740$415$52
43 years$3,443$2,083$1,211$683$377$45
44 years$3,327$1,986$1,137$631$342$38
45 years$3,216$1,893$1,068$583$311$33
46 years$3,111$1,806$1,003$538$282$28
47 years$3,010$1,724$942$497$256$24
48 years$2,914$1,646$885$459$233$20
49 years$2,822$1,571$832$425$211$17
50 years$2,734$1,501$782$392$192$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,800,000, adding $4,383 every year, while hoping to spend $29,106 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: 30/46/24 Blend
54$2,800,000$2,800,000$2,800,000$2,800,000
55$3,090,121$2,941,721$2,898,321$3,159,715
56$3,374,345$3,054,897$2,964,446$3,326,864
57$3,686,584$3,172,643$3,031,811$3,503,676
58$4,029,665$3,295,152$3,100,427$3,693,296
59$4,406,703$3,422,626$3,170,303$3,896,851
60$4,821,128$3,555,276$3,241,449$4,115,582
61$5,276,719$3,693,321$3,313,874$4,350,844
62$5,777,642$3,836,992$3,387,587$4,604,130
63$6,328,485$3,986,527$3,462,593$4,877,071
64$6,934,301$4,142,177$3,538,901$5,171,463
65$7,600,660$4,304,204$3,616,514$5,489,274
66$8,333,698$4,472,881$3,695,438$5,832,665
67$9,140,175$4,648,493$3,775,676$6,204,009
68$10,027,542$4,831,337$3,857,230$6,605,915
69$11,004,004$5,021,726$3,940,100$7,041,245
70$12,078,606$5,219,984$4,024,286$7,513,147
71$13,261,310$5,426,450$4,109,787$8,025,077
72$14,563,098$5,641,480$4,196,599$8,580,836
73$15,996,066$5,865,444$4,284,716$9,184,602
74$17,573,543$6,098,730$4,374,133$9,840,965
75$19,310,219$6,341,741$4,464,841$10,554,977
76$21,222,276$6,594,902$4,556,828$11,332,187
77$23,327,550$6,858,654$4,650,084$12,178,704
78$25,645,691$7,133,458$4,744,592$13,101,241
79$28,198,352$7,419,798$4,840,337$14,107,188
80$31,009,393$7,718,178$4,937,298$15,204,671
81$34,105,108$8,029,125$5,035,453$16,402,631
82$37,514,467$8,353,191$5,134,779$17,710,905
83$41,269,396$8,690,950$5,235,247$19,140,321
84$45,405,074$9,043,006$5,336,828$20,702,791
85$49,960,266$9,409,988$5,439,486$22,411,427
86$54,977,690$9,792,554$5,543,186$24,280,659
87$60,504,417$10,191,393$5,647,886$26,326,372
88$66,592,320$10,607,223$5,753,542$28,566,050
89$73,298,557$11,040,797$5,860,106$31,018,942
90$80,686,115$11,492,902$5,967,525$33,706,238
91$88,824,404$11,964,359$6,075,742$36,651,267
92$97,789,910$12,456,030$6,184,696$39,879,716
93$107,666,918$12,968,813$6,294,321$43,419,867
94$118,548,309$13,503,649$6,404,545$47,302,862
95$130,536,430$14,061,522$6,515,292$51,562,995
96$143,744,071$14,643,461$6,626,479$56,238,028
97$158,295,517$15,250,542$6,738,017$61,369,550
98$174,327,733$15,883,891$6,849,813$67,003,359
99$191,991,645$16,544,686$6,961,766$73,189,897
100$211,453,575$17,234,157$7,073,767$79,984,715