Can I retire at age 55 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$208,099$206,246$204,437$202,672$200,948$195,063
2 years$103,019$101,101$99,241$97,438$95,690$89,808
3 years$67,997$66,070$64,216$62,430$60,709$55,016
4 years$50,490$48,569$46,733$44,977$43,299$37,836
5 years$39,988$38,079$36,266$34,547$32,915$27,699
6 years$32,989$31,094$29,309$27,627$26,044$21,080
7 years$27,992$26,113$24,356$22,714$21,181$16,468
8 years$24,246$22,383$20,655$19,054$17,572$13,107
9 years$21,333$19,489$17,791$16,230$14,798$10,577
10 years$19,005$17,178$15,510$13,990$12,609$8,626
11 years$17,101$15,293$13,655$12,176$10,844$7,092
12 years$15,516$13,726$12,118$10,680$9,397$5,869
13 years$14,175$12,404$10,827$9,429$8,194$4,883
14 years$13,027$11,275$9,728$8,370$7,183$4,079
15 years$12,033$10,300$8,783$7,464$6,325$3,419
16 years$11,165$9,450$7,963$6,683$5,590$2,874
17 years$10,399$8,703$7,246$6,005$4,956$2,422
18 years$9,719$8,042$6,615$5,412$4,407$2,045
19 years$9,111$7,453$6,056$4,890$3,928$1,729
20 years$8,565$6,926$5,558$4,429$3,508$1,465
21 years$8,071$6,451$5,112$4,019$3,140$1,242
22 years$7,623$6,022$4,711$3,655$2,814$1,054
23 years$7,214$5,632$4,350$3,328$2,526$895
24 years$6,840$5,277$4,023$3,036$2,271$761
25 years$6,497$4,952$3,726$2,772$2,043$647
26 years$6,180$4,654$3,456$2,535$1,840$550
27 years$5,888$4,380$3,209$2,320$1,659$468
28 years$5,617$4,128$2,983$2,126$1,497$399
29 years$5,364$3,894$2,776$1,949$1,352$340
30 years$5,130$3,677$2,586$1,789$1,222$289
31 years$4,910$3,476$2,411$1,643$1,104$247
32 years$4,705$3,289$2,249$1,510$999$210
33 years$4,513$3,115$2,100$1,389$904$179
34 years$4,332$2,952$1,962$1,278$819$153
35 years$4,162$2,800$1,835$1,176$741$130
36 years$4,002$2,658$1,716$1,083$672$111
37 years$3,851$2,524$1,606$998$609$95
38 years$3,708$2,399$1,504$920$552$81
39 years$3,573$2,281$1,409$848$501$69
40 years$3,445$2,170$1,321$782$454$59
41 years$3,324$2,066$1,239$722$412$50
42 years$3,208$1,968$1,162$666$374$43
43 years$3,099$1,875$1,090$615$339$36
44 years$2,994$1,787$1,023$568$308$31
45 years$2,895$1,704$961$524$280$27
46 years$2,800$1,626$903$484$254$23
47 years$2,709$1,551$848$447$230$19
48 years$2,622$1,481$797$414$209$16
49 years$2,540$1,414$749$382$190$14
50 years$2,460$1,351$704$353$173$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,520,000, adding $5,901 every year, while hoping to spend $30,157 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: 47/47/6 Blend
54$2,520,000$2,520,000$2,520,000$2,520,000
55$2,783,127$2,649,567$2,610,507$2,909,242
56$3,034,919$2,747,309$2,665,872$3,094,064
57$3,311,383$2,848,829$2,722,081$3,290,868
58$3,615,004$2,954,282$2,779,131$3,503,730
59$3,948,519$3,063,826$2,837,016$3,734,148
60$4,314,943$3,177,629$2,895,731$3,983,763
61$4,717,598$3,295,864$2,955,269$4,254,383
62$5,160,144$3,418,712$3,015,622$4,547,992
63$5,646,612$3,546,362$3,076,778$4,866,769
64$6,181,444$3,679,011$3,138,728$5,213,113
65$6,769,533$3,816,864$3,201,457$5,589,659
66$7,416,271$3,960,137$3,264,952$5,999,303
67$8,127,599$4,109,051$3,329,195$6,445,231
68$8,910,060$4,263,840$3,394,169$6,930,947
69$9,770,865$4,424,748$3,459,853$7,460,306
70$10,717,960$4,592,028$3,526,225$8,037,544
71$11,760,099$4,765,944$3,593,260$8,667,326
72$12,906,926$4,946,772$3,660,932$9,354,781
73$14,169,069$5,134,801$3,729,210$10,105,554
74$15,558,239$5,330,331$3,798,063$10,925,858
75$17,087,338$5,533,675$3,867,456$11,822,526
76$18,770,582$5,745,161$3,937,352$12,803,082
77$20,623,638$5,965,131$4,007,710$13,875,805
78$22,663,768$6,193,940$4,078,487$15,049,810
79$24,909,990$6,431,962$4,149,634$16,335,128
80$27,383,265$6,679,584$4,221,103$17,742,804
81$30,106,686$6,937,211$4,292,838$19,284,994
82$33,105,702$7,205,268$4,364,782$20,975,086
83$36,408,353$7,484,196$4,436,871$22,827,816
84$40,045,540$7,774,456$4,509,041$24,859,413
85$44,051,311$8,076,531$4,581,220$27,087,745
86$48,463,186$8,390,922$4,653,332$29,532,489
87$53,322,509$8,718,156$4,725,297$32,215,313
88$58,674,840$9,058,780$4,797,030$35,160,079
89$64,570,382$9,413,369$4,868,439$38,393,066
90$71,064,457$9,782,520$4,939,427$41,943,216
91$78,218,026$10,166,857$5,009,892$45,842,407
92$86,098,266$10,567,035$5,079,725$50,125,747
93$94,779,204$10,983,734$5,148,811$54,831,906
94$104,342,413$11,417,668$5,217,026$60,003,480
95$114,877,785$11,869,579$5,284,243$65,687,384
96$126,484,377$12,340,247$5,350,323$71,935,300
97$139,271,347$12,830,482$5,415,122$78,804,158
98$153,358,983$13,341,135$5,478,487$86,356,667
99$168,879,840$13,873,090$5,540,257$94,661,911
100$185,979,988$14,427,277$5,600,260$103,795,994