Can I retire at age 55 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$235,350$233,254$231,209$229,212$227,263$221,589
2 years$116,510$114,340$112,237$110,198$108,220$102,540
3 years$76,902$74,723$72,625$70,605$68,660$63,150
4 years$57,102$54,929$52,852$50,867$48,969$43,673
5 years$45,225$43,065$41,016$39,071$37,225$32,157
6 years$37,309$35,166$33,147$31,245$29,455$24,621
7 years$31,657$29,532$27,545$25,688$23,955$19,354
8 years$27,421$25,315$23,360$21,549$19,873$15,504
9 years$24,127$22,041$20,120$18,355$16,736$12,595
10 years$21,494$19,428$17,541$15,822$14,260$10,342
11 years$19,341$17,296$15,443$13,770$12,264$8,564
12 years$17,548$15,524$13,705$12,078$10,628$7,138
13 years$16,032$14,029$12,245$10,663$9,267$5,983
14 years$14,733$12,752$11,002$9,466$8,124$5,036
15 years$13,609$11,649$9,933$8,442$7,153$4,254
16 years$12,627$10,688$9,006$7,559$6,322$3,605
17 years$11,760$9,843$8,195$6,791$5,605$3,062
18 years$10,991$9,095$7,481$6,120$4,984$2,606
19 years$10,304$8,429$6,849$5,530$4,442$2,222
20 years$9,686$7,833$6,285$5,009$3,968$1,898
21 years$9,128$7,296$5,781$4,546$3,551$1,623
22 years$8,621$6,811$5,328$4,133$3,183$1,389
23 years$8,159$6,370$4,920$3,764$2,857$1,190
24 years$7,736$5,968$4,550$3,433$2,568$1,020
25 years$7,348$5,601$4,214$3,135$2,311$875
26 years$6,990$5,264$3,908$2,867$2,082$751
27 years$6,659$4,954$3,629$2,624$1,877$645
28 years$6,352$4,668$3,374$2,404$1,693$554
29 years$6,067$4,404$3,140$2,205$1,529$476
30 years$5,801$4,159$2,925$2,023$1,382$410
31 years$5,553$3,932$2,726$1,858$1,249$352
32 years$5,321$3,720$2,544$1,708$1,130$303
33 years$5,104$3,523$2,375$1,570$1,023$261
34 years$4,900$3,339$2,219$1,445$926$224
35 years$4,708$3,167$2,075$1,330$839$193
36 years$4,526$3,006$1,941$1,225$760$166
37 years$4,356$2,855$1,817$1,129$689$143
38 years$4,194$2,713$1,701$1,040$624$123
39 years$4,041$2,580$1,594$959$566$106
40 years$3,896$2,455$1,494$885$513$91
41 years$3,759$2,337$1,401$816$466$79
42 years$3,628$2,225$1,314$753$423$68
43 years$3,504$2,120$1,233$695$384$58
44 years$3,386$2,021$1,157$642$348$50
45 years$3,274$1,927$1,087$593$316$43
46 years$3,166$1,839$1,021$548$287$37
47 years$3,064$1,755$959$506$261$32
48 years$2,966$1,675$901$468$237$28
49 years$2,872$1,599$847$432$215$24
50 years$2,783$1,528$796$399$195$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,850,000, adding $6,759 every year, while hoping to spend $52,198 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: 40/37/23 Blend
54$2,850,000$2,850,000$2,850,000$2,850,000
55$3,147,672$2,996,622$2,952,447$3,251,919
56$3,413,196$3,087,918$2,995,816$3,418,872
57$3,704,054$3,181,938$3,038,888$3,593,929
58$4,022,776$3,278,761$3,081,598$3,782,274
59$4,372,145$3,378,467$3,123,878$3,985,149
60$4,755,230$3,481,138$3,165,654$4,203,921
61$5,175,409$3,586,859$3,206,849$4,440,094
62$5,636,404$3,695,718$3,247,382$4,695,323
63$6,142,313$3,807,804$3,287,164$4,971,428
64$6,697,651$3,923,208$3,326,106$5,270,414
65$7,307,391$4,042,025$3,364,111$5,594,488
66$7,977,012$4,164,352$3,401,076$5,946,076
67$8,712,549$4,290,286$3,436,893$6,327,852
68$9,520,649$4,419,931$3,471,450$6,742,761
69$10,408,638$4,553,390$3,504,626$7,194,041
70$11,384,583$4,690,771$3,536,295$7,685,261
71$12,457,375$4,832,182$3,566,325$8,220,352
72$13,636,805$4,977,737$3,594,575$8,803,640
73$14,933,663$5,127,551$3,620,897$9,439,890
74$16,359,837$5,281,741$3,645,138$10,134,353
75$17,928,424$5,440,429$3,667,133$10,892,810
76$19,653,852$5,603,740$3,686,711$11,721,629
77$21,552,021$5,771,799$3,703,692$12,627,824
78$23,640,448$5,944,738$3,717,887$13,619,123
79$25,938,434$6,122,690$3,729,096$14,704,038
80$28,467,243$6,305,791$3,737,110$15,891,948
81$31,250,309$6,494,182$3,741,710$17,193,182
82$34,313,449$6,688,005$3,742,665$18,619,122
83$37,685,110$6,887,407$3,739,734$20,182,309
84$41,396,639$7,092,537$3,732,663$21,896,557
85$45,482,575$7,303,551$3,721,186$23,777,088
86$49,980,976$7,520,603$3,705,024$25,840,672
87$54,933,778$7,743,855$3,683,885$28,105,789
88$60,387,190$7,973,471$3,657,462$30,592,798
89$66,392,131$8,209,618$3,625,434$33,324,133
90$73,004,707$8,452,468$3,587,465$36,324,513
91$80,286,744$8,702,196$3,543,202$39,621,175
92$88,306,369$8,958,981$3,492,276$43,244,131
93$97,138,653$9,223,004$3,434,301$47,226,452
94$106,866,318$9,494,454$3,368,873$51,604,579
95$117,580,520$9,773,520$3,295,567$56,418,667
96$129,381,706$10,060,396$3,213,942$61,712,963
97$142,380,564$10,355,279$3,123,534$67,536,226
98$156,699,067$10,658,373$3,023,857$73,942,184
99$172,471,621$10,969,883$2,914,405$80,990,043
100$189,846,337$11,290,017$2,794,649$88,745,047