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%15.3%
1 years$207,273$205,427$203,626$201,868$200,151$195,790
2 years$102,611$100,700$98,848$97,052$95,310$90,938
3 years$67,728$65,808$63,961$62,182$60,469$56,222
4 years$50,289$48,376$46,547$44,799$43,127$39,039
5 years$39,829$37,927$36,122$34,410$32,784$28,867
6 years$32,858$30,971$29,192$27,518$25,941$22,198
7 years$27,881$26,009$24,259$22,624$21,097$17,529
8 years$24,149$22,295$20,574$18,979$17,502$14,107
9 years$21,249$19,411$17,720$16,166$14,739$11,516
10 years$18,930$17,110$15,449$13,935$12,559$9,503
11 years$17,033$15,232$13,601$12,127$10,801$7,909
12 years$15,454$13,672$12,070$10,637$9,360$6,627
13 years$14,119$12,355$10,784$9,391$8,162$5,584
14 years$12,976$11,230$9,690$8,337$7,155$4,726
15 years$11,986$10,259$8,748$7,435$6,300$4,015
16 years$11,120$9,413$7,932$6,657$5,568$3,421
17 years$10,357$8,669$7,217$5,981$4,937$2,923
18 years$9,680$8,010$6,589$5,390$4,389$2,503
19 years$9,075$7,424$6,032$4,871$3,912$2,147
20 years$8,531$6,899$5,535$4,411$3,495$1,844
21 years$8,039$6,426$5,092$4,003$3,127$1,587
22 years$7,593$5,998$4,693$3,640$2,803$1,366
23 years$7,186$5,610$4,333$3,315$2,516$1,178
24 years$6,813$5,256$4,007$3,024$2,262$1,016
25 years$6,471$4,933$3,711$2,761$2,035$878
26 years$6,156$4,636$3,442$2,525$1,833$758
27 years$5,864$4,363$3,196$2,311$1,653$655
28 years$5,594$4,111$2,971$2,117$1,491$567
29 years$5,343$3,878$2,765$1,942$1,347$490
30 years$5,109$3,663$2,576$1,782$1,217$424
31 years$4,891$3,463$2,401$1,637$1,100$367
32 years$4,687$3,276$2,240$1,504$995$318
33 years$4,495$3,103$2,092$1,383$901$275
34 years$4,315$2,941$1,954$1,273$815$239
35 years$4,146$2,789$1,827$1,171$738$207
36 years$3,986$2,647$1,709$1,079$669$179
37 years$3,836$2,514$1,600$994$606$155
38 years$3,694$2,390$1,498$916$550$135
39 years$3,559$2,272$1,404$845$499$117
40 years$3,432$2,162$1,316$779$452$101
41 years$3,311$2,058$1,234$719$410$88
42 years$3,196$1,960$1,157$664$372$76
43 years$3,086$1,867$1,086$612$338$66
44 years$2,982$1,780$1,019$566$307$57
45 years$2,883$1,697$957$522$278$50
46 years$2,789$1,619$899$482$253$43
47 years$2,698$1,545$845$446$230$37
48 years$2,612$1,475$794$412$208$32
49 years$2,530$1,409$746$381$189$28
50 years$2,451$1,346$701$352$172$24

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 $6,554 every year, while hoping to spend $48,531 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: 51/40/9 Blend
54$2,510,000$2,510,000$2,510,000$2,510,000
55$2,772,780$2,639,750$2,600,845$2,907,410
56$3,003,967$2,717,462$2,636,337$3,077,609
57$3,257,109$2,797,354$2,671,391$3,256,785
58$3,534,393$2,879,483$2,705,942$3,450,425
59$3,838,230$2,963,907$2,739,919$3,659,900
60$4,171,272$3,050,681$2,773,250$3,886,721
61$4,536,444$3,139,866$2,805,856$4,132,547
62$4,936,964$3,231,522$2,837,654$4,399,206
63$5,376,377$3,325,710$2,868,559$4,688,707
64$5,858,590$3,422,492$2,898,478$5,003,264
65$6,387,904$3,521,932$2,927,315$5,345,312
66$6,969,058$3,624,094$2,954,967$5,717,531
67$7,607,271$3,729,044$2,981,328$6,122,875
68$8,308,294$3,836,849$3,006,284$6,564,591
69$9,078,462$3,947,577$3,029,716$7,046,257
70$9,924,752$4,061,295$3,051,499$7,571,813
71$10,854,854$4,178,075$3,071,501$8,145,598
72$11,877,235$4,297,987$3,089,583$8,772,387
73$13,001,228$4,421,103$3,105,599$9,457,442
74$14,237,112$4,547,496$3,119,395$10,206,557
75$15,596,214$4,677,240$3,130,811$11,026,114
76$17,091,012$4,810,409$3,139,678$11,923,142
77$18,735,255$4,947,079$3,145,817$12,905,382
78$20,544,091$5,087,326$3,149,042$13,981,365
79$22,534,210$5,231,227$3,149,156$15,160,483
80$24,724,002$5,378,860$3,145,956$16,453,087
81$27,133,729$5,530,302$3,139,224$17,870,576
82$29,785,716$5,685,634$3,128,735$19,425,511
83$32,704,563$5,844,934$3,114,251$21,131,729
84$35,917,375$6,008,281$3,095,524$23,004,472
85$39,454,016$6,175,757$3,072,294$25,060,537
86$43,347,397$6,347,440$3,044,287$27,318,426
87$47,633,779$6,523,412$3,011,218$29,798,528
88$52,353,117$6,703,752$2,972,787$32,523,304
89$57,549,440$6,888,541$2,928,680$35,517,504
90$63,271,261$7,077,857$2,878,569$38,808,396
91$69,572,040$7,271,782$2,822,110$42,426,027
92$76,510,681$7,470,392$2,758,944$46,403,503
93$84,152,096$7,673,767$2,688,695$50,777,304
94$92,567,811$7,881,983$2,610,967$55,587,624
95$101,836,643$8,095,116$2,525,350$60,878,755
96$112,045,445$8,313,240$2,431,413$66,699,499
97$123,289,919$8,536,429$2,328,705$73,103,635
98$135,675,530$8,764,752$2,216,755$80,150,420
99$149,318,489$8,998,280$2,095,071$87,905,153
100$164,346,857$9,237,078$1,963,139$96,439,785