Can I retire at age 55 with 2,890,000?

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 $2,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$238,653$236,528$234,454$232,429$230,453$227,384
2 years$118,145$115,945$113,812$111,745$109,739$106,653
3 years$77,981$75,771$73,644$71,596$69,623$66,615
4 years$57,903$55,700$53,594$51,581$49,656$46,748
5 years$45,859$43,669$41,591$39,619$37,748$34,950
6 years$37,833$35,659$33,612$31,684$29,868$27,183
7 years$32,102$29,947$27,932$26,049$24,291$21,720
8 years$27,805$25,670$23,688$21,852$20,152$17,694
9 years$24,466$22,350$20,403$18,613$16,971$14,625
10 years$21,795$19,701$17,788$16,044$14,460$12,225
11 years$19,612$17,538$15,660$13,964$12,436$10,310
12 years$17,794$15,741$13,898$12,248$10,777$8,757
13 years$16,257$14,226$12,417$10,813$9,398$7,481
14 years$14,940$12,931$11,156$9,599$8,238$6,422
15 years$13,800$11,812$10,073$8,560$7,253$5,535
16 years$12,804$10,838$9,132$7,665$6,410$4,787
17 years$11,925$9,981$8,310$6,887$5,684$4,152
18 years$11,146$9,223$7,586$6,206$5,054$3,609
19 years$10,449$8,548$6,945$5,608$4,505$3,144
20 years$9,822$7,943$6,374$5,079$4,024$2,744
21 years$9,256$7,399$5,862$4,610$3,601$2,399
22 years$8,742$6,906$5,403$4,191$3,228$2,099
23 years$8,274$6,459$4,989$3,817$2,897$1,839
24 years$7,845$6,052$4,614$3,481$2,604$1,613
25 years$7,451$5,679$4,273$3,179$2,343$1,416
26 years$7,088$5,338$3,963$2,907$2,111$1,244
27 years$6,752$5,024$3,680$2,661$1,903$1,094
28 years$6,441$4,734$3,421$2,438$1,717$962
29 years$6,152$4,466$3,184$2,236$1,551$847
30 years$5,883$4,217$2,966$2,052$1,401$746
31 years$5,631$3,987$2,765$1,884$1,267$657
32 years$5,396$3,772$2,580$1,732$1,146$579
33 years$5,176$3,572$2,409$1,593$1,037$510
34 years$4,968$3,386$2,250$1,465$939$450
35 years$4,774$3,211$2,104$1,349$850$397
36 years$4,590$3,048$1,968$1,242$770$350
37 years$4,417$2,895$1,842$1,145$698$309
38 years$4,253$2,751$1,725$1,055$633$272
39 years$4,098$2,616$1,616$973$574$240
40 years$3,951$2,489$1,515$897$521$212
41 years$3,812$2,369$1,421$828$472$187
42 years$3,679$2,257$1,332$764$429$165
43 years$3,554$2,150$1,250$705$389$146
44 years$3,434$2,049$1,174$651$353$129
45 years$3,320$1,954$1,102$601$321$114
46 years$3,211$1,864$1,035$555$291$100
47 years$3,107$1,779$972$513$264$89
48 years$3,007$1,698$914$474$240$78
49 years$2,913$1,622$859$438$218$69
50 years$2,822$1,549$808$405$198$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,890,000, adding $3,601 every year, while hoping to spend $23,729 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: 64/19/17 Blend
54$2,890,000$2,890,000$2,890,000$2,890,000
55$3,188,494$3,035,324$2,990,529$3,378,875
56$3,488,473$3,158,808$3,065,465$3,630,546
57$3,818,255$3,287,547$3,142,115$3,902,324
58$4,180,854$3,421,773$3,220,513$4,198,651
59$4,579,592$3,561,731$3,300,691$4,521,922
60$5,018,128$3,707,674$3,382,682$4,874,777
61$5,500,494$3,859,867$3,466,519$5,260,116
62$6,031,134$4,018,589$3,552,236$5,681,135
63$6,614,940$4,184,131$3,639,867$6,141,349
64$7,257,307$4,356,796$3,729,445$6,644,629
65$7,964,175$4,536,903$3,821,005$7,195,235
66$8,742,093$4,724,783$3,914,581$7,797,857
67$9,598,275$4,920,785$4,010,207$8,457,657
68$10,540,668$5,125,273$4,107,918$9,180,322
69$11,578,031$5,338,626$4,207,748$9,972,109
70$12,720,015$5,561,244$4,309,733$10,839,911
71$13,977,254$5,793,542$4,413,906$11,791,317
72$15,361,464$6,035,956$4,520,303$12,834,684
73$16,885,558$6,288,943$4,628,957$13,979,215
74$18,563,762$6,552,978$4,739,905$15,235,044
75$20,411,753$6,828,561$4,853,179$16,613,335
76$22,446,806$7,116,214$4,968,814$18,126,381
77$24,687,955$7,416,483$5,086,844$19,787,721
78$27,156,175$7,729,941$5,207,302$21,612,269
79$29,874,581$8,057,184$5,330,223$23,616,452
80$32,868,641$8,398,838$5,455,638$25,818,363
81$36,166,422$8,755,560$5,583,581$28,237,933
82$39,798,848$9,128,035$5,714,083$30,897,116
83$43,800,002$9,516,979$5,847,175$33,820,097
84$48,207,435$9,923,144$5,982,889$37,033,516
85$53,062,531$10,347,316$6,121,254$40,566,722
86$58,410,893$10,790,318$6,262,299$44,452,047
87$64,302,770$11,253,010$6,406,052$48,725,108
88$70,793,539$11,736,294$6,552,541$53,425,145
89$77,944,221$12,241,113$6,701,792$58,595,389
90$85,822,060$12,768,456$6,853,830$64,283,465
91$94,501,155$13,319,355$7,008,678$70,541,846
92$104,063,162$13,894,893$7,166,359$77,428,343
93$114,598,066$14,496,204$7,326,893$85,006,647
94$126,205,024$15,124,474$7,490,300$93,346,934
95$138,993,308$15,780,944$7,656,596$102,526,520
96$153,083,331$16,466,916$7,825,798$112,630,595
97$168,607,786$17,183,750$7,997,917$123,753,016
98$185,712,900$17,932,873$8,172,967$135,997,201
99$204,559,809$18,715,778$8,350,955$149,477,097
100$225,326,085$19,534,027$8,531,887$164,318,252