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%18.2%
1 years$208,099$206,246$204,437$202,672$200,948$194,283
2 years$103,019$101,101$99,241$97,438$95,690$89,039
3 years$67,997$66,070$64,216$62,430$60,709$54,282
4 years$50,490$48,569$46,733$44,977$43,299$37,144
5 years$39,988$38,079$36,266$34,547$32,915$27,050
6 years$32,989$31,094$29,309$27,627$26,044$20,473
7 years$27,992$26,113$24,356$22,714$21,181$15,903
8 years$24,246$22,383$20,655$19,054$17,572$12,583
9 years$21,333$19,489$17,791$16,230$14,798$10,092
10 years$19,005$17,178$15,510$13,990$12,609$8,179
11 years$17,101$15,293$13,655$12,176$10,844$6,682
12 years$15,516$13,726$12,118$10,680$9,397$5,493
13 years$14,175$12,404$10,827$9,429$8,194$4,539
14 years$13,027$11,275$9,728$8,370$7,183$3,765
15 years$12,033$10,300$8,783$7,464$6,325$3,134
16 years$11,165$9,450$7,963$6,683$5,590$2,616
17 years$10,399$8,703$7,246$6,005$4,956$2,188
18 years$9,719$8,042$6,615$5,412$4,407$1,834
19 years$9,111$7,453$6,056$4,890$3,928$1,539
20 years$8,565$6,926$5,558$4,429$3,508$1,293
21 years$8,071$6,451$5,112$4,019$3,140$1,088
22 years$7,623$6,022$4,711$3,655$2,814$916
23 years$7,214$5,632$4,350$3,328$2,526$772
24 years$6,840$5,277$4,023$3,036$2,271$651
25 years$6,497$4,952$3,726$2,772$2,043$549
26 years$6,180$4,654$3,456$2,535$1,840$464
27 years$5,888$4,380$3,209$2,320$1,659$391
28 years$5,617$4,128$2,983$2,126$1,497$331
29 years$5,364$3,894$2,776$1,949$1,352$279
30 years$5,130$3,677$2,586$1,789$1,222$236
31 years$4,910$3,476$2,411$1,643$1,104$199
32 years$4,705$3,289$2,249$1,510$999$169
33 years$4,513$3,115$2,100$1,389$904$143
34 years$4,332$2,952$1,962$1,278$819$121
35 years$4,162$2,800$1,835$1,176$741$102
36 years$4,002$2,658$1,716$1,083$672$86
37 years$3,851$2,524$1,606$998$609$73
38 years$3,708$2,399$1,504$920$552$62
39 years$3,573$2,281$1,409$848$501$52
40 years$3,445$2,170$1,321$782$454$44
41 years$3,324$2,066$1,239$722$412$37
42 years$3,208$1,968$1,162$666$374$32
43 years$3,099$1,875$1,090$615$339$27
44 years$2,994$1,787$1,023$568$308$23
45 years$2,895$1,704$961$524$280$19
46 years$2,800$1,626$903$484$254$16
47 years$2,709$1,551$848$447$230$14
48 years$2,622$1,481$797$414$209$12
49 years$2,540$1,414$749$382$190$10
50 years$2,460$1,351$704$353$173$8

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 $2,427 every year, while hoping to spend $32,795 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: 54/39/7 Blend
54$2,520,000$2,520,000$2,520,000$2,520,000
55$2,779,543$2,645,983$2,606,923$2,924,955
56$3,028,163$2,740,743$2,659,362$3,118,327
57$3,301,043$2,839,047$2,712,458$3,324,855
58$3,600,623$2,941,033$2,766,198$3,548,827
59$3,929,590$3,046,848$2,820,570$3,791,902
60$4,290,906$3,156,641$2,875,557$4,055,901
61$4,687,832$3,270,570$2,931,141$4,342,830
62$5,123,961$3,388,798$2,987,304$4,654,891
63$5,603,251$3,511,495$3,044,025$4,994,508
64$6,130,062$3,638,838$3,101,280$5,364,347
65$6,709,200$3,771,013$3,159,044$5,767,341
66$7,345,957$3,908,211$3,217,291$6,206,717
67$8,046,164$4,050,633$3,275,990$6,686,024
68$8,816,247$4,198,487$3,335,109$7,209,168
69$9,663,283$4,351,992$3,394,614$7,780,450
70$10,595,072$4,511,374$3,454,467$8,404,599
71$11,620,206$4,676,868$3,514,629$9,086,824
72$12,748,154$4,848,721$3,575,056$9,832,856
73$13,989,347$5,027,190$3,635,702$10,649,004
74$15,355,280$5,212,542$3,696,517$11,542,215
75$16,858,617$5,405,055$3,757,449$12,520,135
76$18,513,313$5,605,020$3,818,441$13,591,183
77$20,334,744$5,812,739$3,879,432$14,764,629
78$22,339,853$6,028,528$3,940,358$16,050,680
79$24,547,309$6,252,716$4,001,150$17,460,574
80$26,977,681$6,485,647$4,061,736$19,006,690
81$29,653,638$6,727,677$4,122,038$20,702,655
82$32,600,157$6,979,180$4,181,973$22,563,480
83$35,844,758$7,240,545$4,241,454$24,605,696
84$39,417,769$7,512,177$4,300,388$26,847,508
85$43,352,607$7,794,500$4,358,678$29,308,971
86$47,686,098$8,087,956$4,416,218$32,012,169
87$52,458,817$8,393,003$4,472,899$34,981,431
88$57,715,479$8,710,123$4,528,604$38,243,552
89$63,505,356$9,039,816$4,583,209$41,828,050
90$69,882,741$9,382,606$4,636,585$45,767,439
91$76,907,464$9,739,037$4,688,595$50,097,535
92$84,645,454$10,109,679$4,739,092$54,857,794
93$93,169,363$10,495,126$4,787,923$60,091,681
94$102,559,247$10,895,996$4,834,928$65,847,079
95$112,903,328$11,312,938$4,879,936$72,176,739
96$124,298,821$11,746,625$4,922,767$79,138,775
97$136,852,853$12,197,762$4,963,233$86,797,212
98$150,683,477$12,667,086$5,001,134$95,222,587
99$165,920,781$13,155,362$5,036,261$104,492,611
100$182,708,119$13,663,393$5,068,394$114,692,905