Can I retire at age 55 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$236,176$234,072$232,020$230,017$228,060$219,098
2 years$116,919$114,741$112,631$110,585$108,600$99,681
3 years$77,172$74,985$72,880$70,853$68,900$60,304
4 years$57,302$55,122$53,038$51,045$49,140$40,933
5 years$45,383$43,216$41,159$39,208$37,356$29,558
6 years$37,440$35,289$33,263$31,355$29,558$22,176
7 years$31,769$29,636$27,642$25,779$24,039$17,069
8 years$27,517$25,403$23,442$21,625$19,943$13,378
9 years$24,212$22,118$20,191$18,420$16,794$10,625
10 years$21,569$19,496$17,603$15,878$14,310$8,524
11 years$19,408$17,356$15,497$13,819$12,307$6,891
12 years$17,609$15,578$13,753$12,121$10,665$5,605
13 years$16,088$14,078$12,288$10,701$9,300$4,581
14 years$14,785$12,796$11,041$9,499$8,152$3,758
15 years$13,657$11,690$9,968$8,471$7,178$3,093
16 years$12,671$10,725$9,038$7,585$6,344$2,552
17 years$11,802$9,878$8,224$6,815$5,625$2,109
18 years$11,030$9,127$7,507$6,142$5,001$1,747
19 years$10,340$8,459$6,873$5,550$4,458$1,448
20 years$9,720$7,861$6,307$5,026$3,982$1,202
21 years$9,160$7,322$5,802$4,562$3,563$999
22 years$8,651$6,835$5,347$4,148$3,194$831
23 years$8,188$6,392$4,937$3,777$2,867$691
24 years$7,763$5,989$4,566$3,445$2,577$576
25 years$7,374$5,621$4,229$3,146$2,319$479
26 years$7,014$5,282$3,922$2,877$2,089$399
27 years$6,682$4,971$3,642$2,633$1,883$333
28 years$6,374$4,684$3,386$2,413$1,699$278
29 years$6,088$4,419$3,151$2,212$1,534$231
30 years$5,822$4,174$2,935$2,030$1,386$193
31 years$5,573$3,945$2,736$1,865$1,253$161
32 years$5,340$3,733$2,553$1,714$1,134$134
33 years$5,122$3,535$2,384$1,576$1,026$112
34 years$4,917$3,351$2,227$1,450$929$93
35 years$4,724$3,178$2,082$1,335$841$78
36 years$4,542$3,016$1,948$1,229$762$65
37 years$4,371$2,865$1,823$1,133$691$54
38 years$4,209$2,723$1,707$1,044$626$45
39 years$4,055$2,589$1,599$963$568$38
40 years$3,910$2,463$1,499$888$515$32
41 years$3,772$2,345$1,406$819$467$26
42 years$3,641$2,233$1,319$756$424$22
43 years$3,517$2,128$1,237$698$385$18
44 years$3,398$2,028$1,162$644$349$15
45 years$3,285$1,934$1,091$595$317$13
46 years$3,177$1,845$1,024$550$288$11
47 years$3,075$1,761$962$508$262$9
48 years$2,976$1,681$904$469$238$7
49 years$2,882$1,605$850$434$216$6
50 years$2,792$1,533$799$401$196$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,860,000, adding $4,099 every year, while hoping to spend $22,651 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: 66/19/15 Blend
54$2,860,000$2,860,000$2,860,000$2,860,000
55$3,155,948$3,004,368$2,960,038$3,352,719
56$3,453,754$3,127,482$3,035,099$3,607,807
57$3,781,178$3,255,869$3,111,915$3,883,508
58$4,141,215$3,389,763$3,190,521$4,184,307
59$4,537,168$3,529,411$3,270,953$4,512,660
60$4,972,676$3,675,069$3,353,247$4,871,270
61$5,451,746$3,827,004$3,437,437$5,263,111
62$5,978,794$3,985,498$3,523,562$5,691,457
63$6,558,687$4,150,843$3,611,657$6,159,911
64$7,196,786$4,323,347$3,701,760$6,672,440
65$7,898,998$4,503,331$3,793,909$7,233,410
66$8,671,832$4,691,130$3,888,141$7,847,629
67$9,522,460$4,887,097$3,984,495$8,520,387
68$10,458,784$5,091,597$4,083,009$9,257,513
69$11,489,511$5,305,017$4,183,721$10,065,421
70$12,624,237$5,527,759$4,286,671$10,951,177
71$13,873,533$5,760,243$4,391,899$11,922,560
72$15,249,048$6,002,909$4,499,442$12,988,136
73$16,763,619$6,256,220$4,609,341$14,157,340
74$18,431,389$6,520,656$4,721,635$15,440,561
75$20,267,946$6,796,723$4,836,365$16,849,242
76$22,290,463$7,084,949$4,953,570$18,395,987
77$24,517,865$7,385,886$5,073,289$20,094,675
78$26,971,006$7,700,113$5,195,563$21,960,597
79$29,672,865$8,028,235$5,320,431$24,010,591
80$32,648,764$8,370,886$5,447,933$26,263,209
81$35,926,608$8,728,729$5,578,108$28,738,882
82$39,537,143$9,102,457$5,710,995$31,460,120
83$43,514,252$9,492,798$5,846,634$34,451,716
84$47,895,272$9,900,512$5,985,063$37,740,984
85$52,721,347$10,326,394$6,126,320$41,358,014
86$58,037,816$10,771,279$6,270,443$45,335,953
87$63,894,639$11,236,038$6,417,469$49,711,319
88$70,346,874$11,721,585$6,567,435$54,524,343
89$77,455,187$12,228,875$6,720,377$59,819,347
90$85,286,437$12,758,910$6,876,330$65,645,161
91$93,914,294$13,312,738$7,035,328$72,055,585
92$103,419,945$13,891,455$7,197,404$79,109,888
93$113,892,854$14,496,211$7,362,592$86,873,376
94$125,431,608$15,128,208$7,530,922$95,417,997
95$138,144,848$15,788,706$7,702,423$104,823,023
96$152,152,294$16,479,024$7,877,126$115,175,796
97$167,585,874$17,200,543$8,055,056$126,572,552
98$184,590,972$17,954,708$8,236,239$139,119,321
99$203,327,797$18,743,035$8,420,699$152,932,934
100$223,972,898$19,567,109$8,608,458$168,142,117