Can I retire at age 55 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$207,273$205,427$203,626$201,868$200,151$193,977
2 years$102,611$100,700$98,848$97,052$95,310$89,144
3 years$67,728$65,808$63,961$62,182$60,469$54,504
4 years$50,289$48,376$46,547$44,799$43,127$37,409
5 years$39,829$37,927$36,122$34,410$32,784$27,328
6 years$32,858$30,971$29,192$27,518$25,941$20,752
7 years$27,881$26,009$24,259$22,624$21,097$16,175
8 years$24,149$22,295$20,574$18,979$17,502$12,844
9 years$21,249$19,411$17,720$16,166$14,739$10,339
10 years$18,930$17,110$15,449$13,935$12,559$8,411
11 years$17,033$15,232$13,601$12,127$10,801$6,898
12 years$15,454$13,672$12,070$10,637$9,360$5,693
13 years$14,119$12,355$10,784$9,391$8,162$4,723
14 years$12,976$11,230$9,690$8,337$7,155$3,935
15 years$11,986$10,259$8,748$7,435$6,300$3,289
16 years$11,120$9,413$7,932$6,657$5,568$2,757
17 years$10,357$8,669$7,217$5,981$4,937$2,317
18 years$9,680$8,010$6,589$5,390$4,389$1,950
19 years$9,075$7,424$6,032$4,871$3,912$1,644
20 years$8,531$6,899$5,535$4,411$3,495$1,388
21 years$8,039$6,426$5,092$4,003$3,127$1,173
22 years$7,593$5,998$4,693$3,640$2,803$993
23 years$7,186$5,610$4,333$3,315$2,516$840
24 years$6,813$5,256$4,007$3,024$2,262$712
25 years$6,471$4,933$3,711$2,761$2,035$604
26 years$6,156$4,636$3,442$2,525$1,833$512
27 years$5,864$4,363$3,196$2,311$1,653$434
28 years$5,594$4,111$2,971$2,117$1,491$369
29 years$5,343$3,878$2,765$1,942$1,347$313
30 years$5,109$3,663$2,576$1,782$1,217$266
31 years$4,891$3,463$2,401$1,637$1,100$226
32 years$4,687$3,276$2,240$1,504$995$192
33 years$4,495$3,103$2,092$1,383$901$163
34 years$4,315$2,941$1,954$1,273$815$138
35 years$4,146$2,789$1,827$1,171$738$118
36 years$3,986$2,647$1,709$1,079$669$100
37 years$3,836$2,514$1,600$994$606$85
38 years$3,694$2,390$1,498$916$550$72
39 years$3,559$2,272$1,404$845$499$61
40 years$3,432$2,162$1,316$779$452$52
41 years$3,311$2,058$1,234$719$410$44
42 years$3,196$1,960$1,157$664$372$38
43 years$3,086$1,867$1,086$612$338$32
44 years$2,982$1,780$1,019$566$307$27
45 years$2,883$1,697$957$522$278$23
46 years$2,789$1,619$899$482$253$20
47 years$2,698$1,545$845$446$230$17
48 years$2,612$1,475$794$412$208$14
49 years$2,530$1,409$746$381$189$12
50 years$2,451$1,346$701$352$172$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,510,000, adding $5,951 every year, while hoping to spend $45,700 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: 60/34/6 Blend
54$2,510,000$2,510,000$2,510,000$2,510,000
55$2,772,158$2,639,128$2,600,223$2,934,972
56$3,006,294$2,719,821$2,638,706$3,125,323
57$3,262,780$2,802,936$2,676,947$3,327,049
58$3,543,848$2,888,544$2,714,889$3,545,903
59$3,851,954$2,976,717$2,752,472$3,783,531
60$4,189,807$3,067,530$2,789,633$4,041,747
61$4,560,387$3,161,058$2,826,305$4,322,545
62$4,966,977$3,257,380$2,862,417$4,628,119
63$5,413,194$3,356,578$2,897,893$4,960,885
64$5,903,023$3,458,733$2,932,656$5,323,501
65$6,440,851$3,563,930$2,966,619$5,718,896
66$7,031,512$3,672,258$2,999,696$6,150,290
67$7,680,333$3,783,805$3,031,792$6,621,232
68$8,393,179$3,898,663$3,062,809$7,135,626
69$9,176,512$4,016,927$3,092,643$7,697,774
70$10,037,454$4,138,694$3,121,184$8,312,411
71$10,983,847$4,264,063$3,148,316$8,984,752
72$12,024,334$4,393,136$3,173,919$9,720,539
73$13,168,434$4,526,018$3,197,863$10,526,097
74$14,426,637$4,662,816$3,220,015$11,408,392
75$15,810,500$4,803,640$3,240,231$12,375,097
76$17,332,757$4,948,604$3,258,364$13,434,660
77$19,007,435$5,097,822$3,274,257$14,596,391
78$20,849,993$5,251,415$3,287,744$15,870,541
79$22,877,461$5,409,504$3,298,652$17,268,406
80$25,108,605$5,572,213$3,306,800$18,802,425
81$27,564,102$5,739,670$3,311,997$20,486,305
82$30,266,734$5,912,007$3,314,042$22,335,143
83$33,241,603$6,089,358$3,312,726$24,365,573
84$36,516,371$6,271,861$3,307,826$26,595,920
85$40,121,515$6,459,656$3,299,112$29,046,371
86$44,090,618$6,652,888$3,286,341$31,739,169
87$48,460,687$6,851,705$3,269,259$34,698,819
88$53,272,496$7,056,258$3,247,598$37,952,320
89$58,570,978$7,266,701$3,221,080$41,529,419
90$64,405,642$7,483,194$3,189,411$45,462,890
91$70,831,046$7,705,899$3,152,284$49,788,846
92$77,907,305$7,934,981$3,109,379$54,547,074
93$85,700,665$8,170,610$3,060,358$59,781,417
94$94,284,123$8,412,960$3,004,870$65,540,181
95$103,738,116$8,662,207$2,942,545$71,876,590
96$114,151,282$8,918,533$2,872,999$78,849,294
97$125,621,295$9,182,124$2,795,826$86,522,917
98$138,255,787$9,453,168$2,710,606$94,968,665
99$152,173,362$9,731,858$2,616,897$104,265,002
100$167,504,718$10,018,392$2,514,235$114,498,388