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%12%
1 years$207,273$205,427$203,626$201,868$200,151$198,474
2 years$102,611$100,700$98,848$97,052$95,310$93,620
3 years$67,728$65,808$63,961$62,182$60,469$58,818
4 years$50,289$48,376$46,547$44,799$43,127$41,528
5 years$39,829$37,927$36,122$34,410$32,784$31,242
6 years$32,858$30,971$29,192$27,518$25,941$24,457
7 years$27,881$26,009$24,259$22,624$21,097$19,672
8 years$24,149$22,295$20,574$18,979$17,502$16,136
9 years$21,249$19,411$17,720$16,166$14,739$13,432
10 years$18,930$17,110$15,449$13,935$12,559$11,310
11 years$17,033$15,232$13,601$12,127$10,801$9,609
12 years$15,454$13,672$12,070$10,637$9,360$8,224
13 years$14,119$12,355$10,784$9,391$8,162$7,081
14 years$12,976$11,230$9,690$8,337$7,155$6,127
15 years$11,986$10,259$8,748$7,435$6,300$5,324
16 years$11,120$9,413$7,932$6,657$5,568$4,642
17 years$10,357$8,669$7,217$5,981$4,937$4,060
18 years$9,680$8,010$6,589$5,390$4,389$3,560
19 years$9,075$7,424$6,032$4,871$3,912$3,129
20 years$8,531$6,899$5,535$4,411$3,495$2,755
21 years$8,039$6,426$5,092$4,003$3,127$2,429
22 years$7,593$5,998$4,693$3,640$2,803$2,146
23 years$7,186$5,610$4,333$3,315$2,516$1,897
24 years$6,813$5,256$4,007$3,024$2,262$1,680
25 years$6,471$4,933$3,711$2,761$2,035$1,489
26 years$6,156$4,636$3,442$2,525$1,833$1,320
27 years$5,864$4,363$3,196$2,311$1,653$1,172
28 years$5,594$4,111$2,971$2,117$1,491$1,041
29 years$5,343$3,878$2,765$1,942$1,347$925
30 years$5,109$3,663$2,576$1,782$1,217$822
31 years$4,891$3,463$2,401$1,637$1,100$732
32 years$4,687$3,276$2,240$1,504$995$651
33 years$4,495$3,103$2,092$1,383$901$580
34 years$4,315$2,941$1,954$1,273$815$516
35 years$4,146$2,789$1,827$1,171$738$460
36 years$3,986$2,647$1,709$1,079$669$410
37 years$3,836$2,514$1,600$994$606$365
38 years$3,694$2,390$1,498$916$550$325
39 years$3,559$2,272$1,404$845$499$290
40 years$3,432$2,162$1,316$779$452$259
41 years$3,311$2,058$1,234$719$410$231
42 years$3,196$1,960$1,157$664$372$206
43 years$3,086$1,867$1,086$612$338$184
44 years$2,982$1,780$1,019$566$307$164
45 years$2,883$1,697$957$522$278$146
46 years$2,789$1,619$899$482$253$130
47 years$2,698$1,545$845$446$230$116
48 years$2,612$1,475$794$412$208$104
49 years$2,530$1,409$746$381$189$93
50 years$2,451$1,346$701$352$172$83

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 $5,320 every year, while hoping to spend $33,664 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: 27/45/28 Blend
54$2,510,000$2,510,000$2,510,000$2,510,000
55$2,771,508$2,638,478$2,599,573$2,822,068
56$3,018,383$2,731,945$2,650,840$2,956,917
57$3,289,312$2,828,864$2,702,697$3,098,352
58$3,586,711$2,929,368$2,755,127$3,249,524
59$3,913,245$3,033,596$2,808,113$3,411,286
60$4,271,847$3,141,693$2,861,635$3,584,573
61$4,665,749$3,253,809$2,915,674$3,770,412
62$5,098,511$3,370,102$2,970,205$3,969,930
63$5,574,056$3,490,734$3,025,204$4,184,364
64$6,096,705$3,615,875$3,080,643$4,415,071
65$6,671,219$3,745,702$3,136,494$4,663,544
66$7,302,840$3,880,400$3,192,724$4,931,421
67$7,997,349$4,020,158$3,249,300$5,220,500
68$8,761,111$4,165,178$3,306,183$5,532,761
69$9,601,140$4,315,667$3,363,336$5,870,377
70$10,525,162$4,471,841$3,420,714$6,235,736
71$11,541,694$4,633,926$3,478,273$6,631,466
72$12,660,115$4,802,157$3,535,963$7,060,455
73$13,890,761$4,976,778$3,593,733$7,525,878
74$15,245,023$5,158,043$3,651,526$8,031,228
75$16,735,447$5,346,219$3,709,284$8,580,348
76$18,375,860$5,541,581$3,766,943$9,177,462
77$20,181,497$5,744,419$3,824,435$9,827,222
78$22,169,146$5,955,031$3,881,690$10,534,742
79$24,357,302$6,173,731$3,938,630$11,305,653
80$26,766,348$6,400,845$3,995,175$12,146,148
81$29,418,741$6,636,712$4,051,239$13,063,046
82$32,339,229$6,881,687$4,106,732$14,063,851
83$35,555,079$7,136,139$4,161,556$15,156,824
84$39,096,340$7,400,452$4,215,610$16,351,055
85$42,996,120$7,675,027$4,268,787$17,656,556
86$47,290,904$7,960,284$4,320,971$19,084,346
87$52,020,896$8,256,657$4,372,043$20,646,558
88$57,230,396$8,564,602$4,421,875$22,356,553
89$62,968,220$8,884,591$4,470,332$24,229,038
90$69,288,163$9,217,121$4,517,273$26,280,214
91$76,249,502$9,562,706$4,562,547$28,527,916
92$83,917,556$9,921,884$4,605,998$30,991,790
93$92,364,306$10,295,215$4,647,458$33,693,468
94$101,669,071$10,683,286$4,686,753$36,656,777
95$111,919,254$11,086,705$4,723,697$39,907,958
96$123,211,174$11,506,110$4,758,098$43,475,913
97$135,650,970$11,942,165$4,789,749$47,392,479
98$149,355,600$12,395,562$4,818,437$51,692,720
99$164,453,952$12,867,025$4,843,936$56,415,261
100$181,088,054$13,357,309$4,866,007$61,602,650