Can I retire at age 55 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$206,448$204,609$202,815$201,063$199,354$192,357
2 years$102,202$100,298$98,454$96,665$94,930$87,955
3 years$67,458$65,546$63,706$61,934$60,228$53,492
4 years$50,089$48,183$46,362$44,620$42,955$36,511
5 years$39,671$37,776$35,979$34,273$32,654$26,519
6 years$32,727$30,847$29,076$27,408$25,838$20,016
7 years$27,770$25,905$24,162$22,534$21,013$15,504
8 years$24,053$22,206$20,492$18,903$17,432$12,231
9 years$21,164$19,334$17,649$16,101$14,680$9,780
10 years$18,854$17,042$15,387$13,879$12,509$7,901
11 years$16,965$15,172$13,547$12,079$10,758$6,434
12 years$15,393$13,617$12,022$10,595$9,322$5,271
13 years$14,063$12,306$10,741$9,354$8,129$4,341
14 years$12,924$11,186$9,651$8,303$7,126$3,589
15 years$11,938$10,218$8,713$7,405$6,274$2,977
16 years$11,076$9,375$7,900$6,630$5,545$2,475
17 years$10,316$8,634$7,189$5,957$4,917$2,063
18 years$9,642$7,978$6,562$5,369$4,372$1,722
19 years$9,039$7,394$6,008$4,851$3,897$1,440
20 years$8,497$6,871$5,513$4,394$3,481$1,206
21 years$8,007$6,400$5,071$3,988$3,115$1,010
22 years$7,562$5,974$4,674$3,626$2,792$848
23 years$7,157$5,588$4,316$3,302$2,506$711
24 years$6,786$5,235$3,991$3,012$2,253$597
25 years$6,445$4,913$3,697$2,750$2,027$502
26 years$6,131$4,617$3,428$2,515$1,826$422
27 years$5,841$4,346$3,184$2,302$1,646$355
28 years$5,572$4,095$2,960$2,109$1,485$298
29 years$5,322$3,863$2,754$1,934$1,341$251
30 years$5,089$3,648$2,565$1,775$1,212$211
31 years$4,871$3,449$2,392$1,630$1,096$178
32 years$4,668$3,263$2,231$1,498$991$150
33 years$4,477$3,090$2,084$1,378$897$126
34 years$4,298$2,929$1,947$1,268$812$106
35 years$4,129$2,778$1,820$1,167$736$89
36 years$3,971$2,637$1,703$1,075$666$75
37 years$3,821$2,504$1,594$990$604$63
38 years$3,679$2,380$1,492$913$548$53
39 years$3,545$2,263$1,398$841$497$45
40 years$3,418$2,153$1,310$776$450$38
41 years$3,297$2,050$1,229$716$409$32
42 years$3,183$1,952$1,153$661$371$27
43 years$3,074$1,860$1,082$610$337$23
44 years$2,970$1,773$1,015$563$305$19
45 years$2,872$1,691$953$520$277$16
46 years$2,777$1,613$895$481$252$14
47 years$2,688$1,539$841$444$229$11
48 years$2,602$1,469$791$410$208$10
49 years$2,519$1,403$743$379$189$8
50 years$2,441$1,340$699$350$171$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,500,000, adding $5,582 every year, while hoping to spend $48,873 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: 58/27/15 Blend
54$2,500,000$2,500,000$2,500,000$2,500,000
55$2,760,758$2,628,258$2,589,508$2,909,960
56$2,990,355$2,705,042$2,624,256$3,088,315
57$3,241,732$2,783,951$2,658,530$3,276,775
58$3,517,061$2,865,036$2,692,263$3,481,080
59$3,818,730$2,948,352$2,725,382$3,702,762
60$4,149,372$3,033,952$2,757,814$3,943,506
61$4,511,885$3,121,893$2,789,478$4,205,170
62$4,909,461$3,212,230$2,820,289$4,489,795
63$5,345,617$3,305,020$2,850,160$4,799,633
64$5,824,226$3,400,322$2,878,997$5,137,161
65$6,349,554$3,498,195$2,906,700$5,505,108
66$6,926,300$3,598,697$2,933,165$5,906,476
67$7,559,640$3,701,891$2,958,284$6,344,576
68$8,255,277$3,807,838$2,981,940$6,823,053
69$9,019,492$3,916,599$3,004,012$7,345,919
70$9,859,206$4,028,238$3,024,372$7,917,596
71$10,782,042$4,142,818$3,042,886$8,542,954
72$11,796,399$4,260,405$3,059,411$9,227,358
73$12,911,530$4,381,063$3,073,800$9,976,718
74$14,137,629$4,504,859$3,085,895$10,797,544
75$15,485,928$4,631,857$3,095,533$11,697,009
76$16,968,800$4,762,126$3,102,541$12,683,012
77$18,599,880$4,895,732$3,106,738$13,764,261
78$20,394,188$5,032,743$3,107,934$14,950,345
79$22,368,274$5,173,226$3,105,929$16,251,831
80$24,540,375$5,317,251$3,100,514$17,680,362
81$26,930,582$5,464,885$3,091,470$19,248,766
82$29,561,033$5,616,196$3,078,566$20,971,176
83$32,456,121$5,771,253$3,061,561$22,863,165
84$35,642,724$5,930,123$3,040,202$24,941,893
85$39,150,457$6,092,874$3,014,224$27,226,266
86$43,011,952$6,259,573$2,983,349$29,737,119
87$47,263,167$6,430,288$2,947,287$32,497,408
88$51,943,721$6,605,083$2,905,732$35,532,428
89$57,097,273$6,784,024$2,858,366$38,870,053
90$62,771,929$6,967,175$2,804,855$42,540,997
91$69,020,697$7,154,599$2,744,850$46,579,106
92$75,901,990$7,346,356$2,677,984$51,021,674
93$83,480,173$7,542,507$2,603,876$55,909,799
94$91,826,169$7,743,109$2,522,124$61,288,769
95$101,018,134$7,948,217$2,432,312$67,208,487
96$111,142,189$8,157,885$2,333,999$73,723,946
97$122,293,234$8,372,163$2,226,730$80,895,747
98$134,575,844$8,591,099$2,110,026$88,790,670
99$148,105,254$8,814,737$1,983,385$97,482,302
100$163,008,448$9,043,117$1,846,287$107,051,740