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%18.5%
1 years$207,273$205,427$203,626$201,868$200,151$193,280
2 years$102,611$100,700$98,848$97,052$95,310$88,458
3 years$67,728$65,808$63,961$62,182$60,469$53,850
4 years$50,289$48,376$46,547$44,799$43,127$36,793
5 years$39,829$37,927$36,122$34,410$32,784$26,751
6 years$32,858$30,971$29,192$27,518$25,941$20,214
7 years$27,881$26,009$24,259$22,624$21,097$15,675
8 years$24,149$22,295$20,574$18,979$17,502$12,380
9 years$21,249$19,411$17,720$16,166$14,739$9,912
10 years$18,930$17,110$15,449$13,935$12,559$8,017
11 years$17,033$15,232$13,601$12,127$10,801$6,537
12 years$15,454$13,672$12,070$10,637$9,360$5,363
13 years$14,119$12,355$10,784$9,391$8,162$4,422
14 years$12,976$11,230$9,690$8,337$7,155$3,661
15 years$11,986$10,259$8,748$7,435$6,300$3,041
16 years$11,120$9,413$7,932$6,657$5,568$2,533
17 years$10,357$8,669$7,217$5,981$4,937$2,114
18 years$9,680$8,010$6,589$5,390$4,389$1,768
19 years$9,075$7,424$6,032$4,871$3,912$1,480
20 years$8,531$6,899$5,535$4,411$3,495$1,241
21 years$8,039$6,426$5,092$4,003$3,127$1,042
22 years$7,593$5,998$4,693$3,640$2,803$875
23 years$7,186$5,610$4,333$3,315$2,516$736
24 years$6,813$5,256$4,007$3,024$2,262$619
25 years$6,471$4,933$3,711$2,761$2,035$521
26 years$6,156$4,636$3,442$2,525$1,833$439
27 years$5,864$4,363$3,196$2,311$1,653$369
28 years$5,594$4,111$2,971$2,117$1,491$311
29 years$5,343$3,878$2,765$1,942$1,347$262
30 years$5,109$3,663$2,576$1,782$1,217$221
31 years$4,891$3,463$2,401$1,637$1,100$186
32 years$4,687$3,276$2,240$1,504$995$157
33 years$4,495$3,103$2,092$1,383$901$133
34 years$4,315$2,941$1,954$1,273$815$112
35 years$4,146$2,789$1,827$1,171$738$94
36 years$3,986$2,647$1,709$1,079$669$80
37 years$3,836$2,514$1,600$994$606$67
38 years$3,694$2,390$1,498$916$550$57
39 years$3,559$2,272$1,404$845$499$48
40 years$3,432$2,162$1,316$779$452$40
41 years$3,311$2,058$1,234$719$410$34
42 years$3,196$1,960$1,157$664$372$29
43 years$3,086$1,867$1,086$612$338$24
44 years$2,982$1,780$1,019$566$307$20
45 years$2,883$1,697$957$522$278$17
46 years$2,789$1,619$899$482$253$15
47 years$2,698$1,545$845$446$230$12
48 years$2,612$1,475$794$412$208$10
49 years$2,530$1,409$746$381$189$9
50 years$2,451$1,346$701$352$172$7

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 $4,516 every year, while hoping to spend $57,240 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: 69/15/16 Blend
54$2,510,000$2,510,000$2,510,000$2,510,000
55$2,770,678$2,637,648$2,598,743$2,951,143
56$2,992,385$2,705,990$2,624,898$3,140,250
57$3,234,786$2,775,762$2,650,011$3,339,859
58$3,499,934$2,846,974$2,673,986$3,556,806
59$3,790,086$2,919,635$2,696,723$3,792,794
60$4,107,728$2,993,750$2,718,116$4,049,697
61$4,455,598$3,069,325$2,738,055$4,329,580
62$4,836,710$3,146,363$2,756,420$4,634,714
63$5,254,384$3,224,865$2,773,091$4,967,607
64$5,712,278$3,304,830$2,787,936$5,331,015
65$6,214,418$3,386,254$2,800,820$5,727,980
66$6,765,240$3,469,132$2,811,599$6,161,848
67$7,369,631$3,553,456$2,820,123$6,636,309
68$8,032,970$3,639,212$2,826,235$7,155,428
69$8,761,187$3,726,388$2,829,767$7,723,682
70$9,560,811$3,814,963$2,830,547$8,346,005
71$10,439,035$3,904,918$2,828,392$9,027,833
72$11,403,783$3,996,225$2,823,109$9,775,156
73$12,463,784$4,088,856$2,814,499$10,594,573
74$13,628,655$4,182,775$2,802,350$11,493,357
75$14,908,991$4,277,943$2,786,441$12,479,521
76$16,316,462$4,374,316$2,766,541$13,561,895
77$17,863,928$4,471,844$2,742,406$14,750,208
78$19,565,555$4,570,472$2,713,784$16,055,184
79$21,436,954$4,670,137$2,680,408$17,488,636
80$23,495,319$4,770,770$2,641,998$19,063,585
81$25,759,600$4,872,296$2,598,263$20,794,377
82$28,250,672$4,974,631$2,548,897$22,696,824
83$30,991,536$5,077,683$2,493,581$24,788,348
84$34,007,536$5,181,353$2,431,980$27,088,148
85$37,326,597$5,285,531$2,363,743$29,617,384
86$40,979,486$5,390,098$2,288,504$32,399,371
87$45,000,105$5,494,925$2,205,880$35,459,806
88$49,425,809$5,599,870$2,115,471$38,827,003
89$54,297,760$5,704,782$2,016,858$42,532,168
90$59,661,312$5,809,496$1,909,602$46,609,690
91$65,566,438$5,913,834$1,793,247$51,097,465
92$72,068,207$6,017,605$1,667,313$56,037,256
93$79,227,298$6,120,600$1,531,301$61,475,087
94$87,110,572$6,222,599$1,384,689$67,461,679
95$95,791,705$6,323,362$1,226,932$74,052,926
96$105,351,884$6,422,631$1,057,459$81,310,424
97$115,880,567$6,520,132$875,675$89,302,058
98$127,476,335$6,615,568$680,960$98,102,635
99$140,247,813$6,708,623$472,664$107,794,596
100$154,314,702$6,798,957$250,110$118,468,795