Can I retire at age 55 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$232,873$230,799$228,775$226,800$224,871$221,969
2 years$115,284$113,137$111,056$109,038$107,081$104,162
3 years$76,092$73,936$71,860$69,862$67,937$65,090
4 years$56,501$54,351$52,296$50,332$48,453$45,702
5 years$44,748$42,612$40,584$38,659$36,833$34,185
6 years$36,916$34,796$32,798$30,916$29,145$26,603
7 years$31,324$29,221$27,255$25,418$23,703$21,268
8 years$27,132$25,048$23,114$21,323$19,664$17,336
9 years$23,873$21,809$19,909$18,162$16,560$14,338
10 years$21,267$19,223$17,357$15,656$14,110$11,992
11 years$19,137$17,113$15,281$13,625$12,135$10,120
12 years$17,363$15,360$13,561$11,951$10,516$8,601
13 years$15,863$13,881$12,116$10,551$9,170$7,353
14 years$14,578$12,618$10,886$9,366$8,038$6,316
15 years$13,466$11,526$9,829$8,353$7,078$5,448
16 years$12,494$10,575$8,911$7,479$6,255$4,714
17 years$11,637$9,739$8,109$6,720$5,546$4,091
18 years$10,876$9,000$7,402$6,056$4,931$3,559
19 years$10,196$8,341$6,777$5,472$4,396$3,103
20 years$9,584$7,751$6,219$4,956$3,926$2,710
21 years$9,032$7,219$5,720$4,498$3,513$2,371
22 years$8,530$6,739$5,272$4,090$3,149$2,077
23 years$8,073$6,303$4,868$3,725$2,827$1,821
24 years$7,655$5,905$4,502$3,397$2,541$1,598
25 years$7,270$5,542$4,170$3,102$2,287$1,404
26 years$6,916$5,209$3,867$2,837$2,060$1,235
27 years$6,589$4,902$3,591$2,596$1,857$1,086
28 years$6,285$4,619$3,338$2,379$1,676$956
29 years$6,003$4,357$3,107$2,181$1,513$842
30 years$5,740$4,115$2,894$2,002$1,367$742
31 years$5,495$3,890$2,698$1,839$1,236$654
32 years$5,265$3,681$2,517$1,690$1,118$577
33 years$5,050$3,486$2,350$1,554$1,012$509
34 years$4,848$3,304$2,196$1,430$916$449
35 years$4,658$3,134$2,053$1,316$830$397
36 years$4,479$2,974$1,921$1,212$752$350
37 years$4,310$2,825$1,798$1,117$681$309
38 years$4,150$2,685$1,683$1,029$618$273
39 years$3,999$2,553$1,577$949$560$241
40 years$3,855$2,429$1,478$875$508$213
41 years$3,719$2,312$1,386$808$461$188
42 years$3,590$2,202$1,300$745$418$166
43 years$3,467$2,098$1,220$688$380$147
44 years$3,351$2,000$1,145$635$345$130
45 years$3,239$1,907$1,075$587$313$115
46 years$3,133$1,819$1,010$542$284$101
47 years$3,032$1,736$949$501$258$90
48 years$2,935$1,657$892$463$234$79
49 years$2,842$1,583$838$428$213$70
50 years$2,753$1,512$788$395$193$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,820,000, adding $4,685 every year, while hoping to spend $42,179 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: 26/46/28 Blend
54$2,820,000$2,820,000$2,820,000$2,820,000
55$3,112,473$2,963,013$2,919,303$3,166,063
56$3,385,067$3,063,322$2,972,221$3,310,789
57$3,684,052$3,167,133$3,025,499$3,462,047
58$4,012,075$3,274,573$3,079,103$3,623,473
59$4,372,052$3,385,773$3,132,999$3,795,957
60$4,767,196$3,500,870$3,187,149$3,980,473
61$5,201,044$3,620,006$3,241,512$4,178,092
62$5,677,494$3,743,330$3,296,046$4,389,991
63$6,200,839$3,870,994$3,350,704$4,617,459
64$6,775,808$4,003,156$3,405,437$4,861,914
65$7,407,613$4,139,983$3,460,191$5,124,914
66$8,101,993$4,281,646$3,514,911$5,408,170
67$8,865,272$4,428,322$3,569,536$5,713,562
68$9,704,417$4,580,197$3,624,003$6,043,157
69$10,627,104$4,737,463$3,678,243$6,399,228
70$11,641,789$4,900,320$3,732,185$6,784,274
71$12,757,790$5,068,974$3,785,751$7,201,041
72$13,985,372$5,243,640$3,838,861$7,652,553
73$15,335,845$5,424,544$3,891,429$8,142,131
74$16,821,672$5,611,917$3,943,362$8,673,433
75$18,456,582$5,806,001$3,994,564$9,250,482
76$20,255,705$6,007,046$4,044,933$9,877,704
77$22,235,709$6,215,314$4,094,361$10,559,970
78$24,414,963$6,431,076$4,142,734$11,302,639
79$26,813,703$6,654,613$4,189,930$12,111,613
80$29,454,230$6,886,218$4,235,822$12,993,385
81$32,361,116$7,126,197$4,280,275$13,955,103
82$35,561,434$7,374,864$4,323,149$15,004,636
83$39,085,018$7,632,551$4,364,292$16,150,648
84$42,964,741$7,899,597$4,403,548$17,402,678
85$47,236,828$8,176,361$4,440,749$18,771,228
86$51,941,192$8,463,210$4,475,723$20,267,863
87$57,121,817$8,760,531$4,508,283$21,905,316
88$62,827,169$9,068,724$4,538,237$23,697,613
89$69,110,653$9,388,203$4,565,380$25,660,196
90$76,031,118$9,719,404$4,589,498$27,810,074
91$83,653,412$10,062,775$4,610,367$30,165,981
92$92,048,995$10,418,786$4,627,749$32,748,547
93$101,296,610$10,787,924$4,641,396$35,580,499
94$111,483,028$11,170,696$4,651,047$38,686,867
95$122,703,867$11,567,630$4,656,427$42,095,224
96$135,064,492$11,979,275$4,657,248$45,835,940
97$148,681,014$12,406,203$4,653,210$49,942,473
98$163,681,379$12,849,008$4,643,994$54,451,677
99$180,206,581$13,308,311$4,629,269$59,404,152
100$198,411,989$13,784,755$4,608,686$64,844,626