Can I retire at age 55 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$209,751$207,882$206,060$204,280$202,543$201,351
2 years$103,837$101,903$100,029$98,212$96,449$95,247
3 years$68,537$66,595$64,725$62,925$61,191$60,015
4 years$50,891$48,954$47,103$45,334$43,642$42,502
5 years$40,305$38,381$36,554$34,821$33,176$32,075
6 years$33,251$31,341$29,541$27,847$26,251$25,190
7 years$28,214$26,320$24,549$22,894$21,349$20,329
8 years$24,438$22,561$20,819$19,205$17,711$16,733
9 years$21,503$19,643$17,932$16,359$14,915$13,978
10 years$19,156$17,315$15,633$14,101$12,709$11,811
11 years$17,237$15,414$13,763$12,272$10,930$10,072
12 years$15,639$13,835$12,215$10,765$9,472$8,653
13 years$14,288$12,503$10,913$9,503$8,259$7,479
14 years$13,131$11,365$9,805$8,436$7,240$6,497
15 years$12,129$10,382$8,853$7,524$6,375$5,668
16 years$11,253$9,525$8,026$6,737$5,634$4,962
17 years$10,481$8,772$7,304$6,053$4,996$4,358
18 years$9,796$8,106$6,667$5,455$4,442$3,838
19 years$9,183$7,513$6,104$4,929$3,959$3,387
20 years$8,633$6,981$5,602$4,464$3,536$2,995
21 years$8,135$6,503$5,152$4,051$3,165$2,653
22 years$7,683$6,070$4,749$3,684$2,837$2,354
23 years$7,272$5,677$4,385$3,355$2,546$2,091
24 years$6,895$5,319$4,055$3,060$2,289$1,860
25 years$6,549$4,992$3,756$2,794$2,059$1,656
26 years$6,229$4,691$3,483$2,555$1,855$1,475
27 years$5,934$4,415$3,235$2,339$1,673$1,316
28 years$5,661$4,160$3,007$2,143$1,509$1,174
29 years$5,407$3,925$2,798$1,965$1,363$1,049
30 years$5,170$3,707$2,606$1,803$1,231$937
31 years$4,949$3,504$2,430$1,656$1,113$837
32 years$4,743$3,315$2,267$1,522$1,007$749
33 years$4,549$3,140$2,117$1,400$911$670
34 years$4,367$2,976$1,978$1,288$825$600
35 years$4,195$2,822$1,849$1,185$747$537
36 years$4,034$2,679$1,730$1,092$677$481
37 years$3,882$2,544$1,619$1,006$614$431
38 years$3,738$2,418$1,516$927$556$386
39 years$3,602$2,299$1,421$855$505$346
40 years$3,473$2,188$1,331$789$458$310
41 years$3,350$2,082$1,248$728$415$278
42 years$3,234$1,983$1,171$671$377$249
43 years$3,123$1,890$1,099$620$342$223
44 years$3,018$1,801$1,032$572$310$200
45 years$2,918$1,718$969$529$282$180
46 years$2,822$1,639$910$488$256$161
47 years$2,731$1,564$855$451$232$145
48 years$2,643$1,493$803$417$211$130
49 years$2,560$1,425$755$385$192$116
50 years$2,480$1,362$710$356$174$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,540,000, adding $2,701 every year, while hoping to spend $49,985 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: 49/37/14 Blend
54$2,540,000$2,540,000$2,540,000$2,540,000
55$2,801,866$2,667,246$2,627,876$2,928,214
56$3,034,473$2,744,757$2,662,726$3,093,019
57$3,289,130$2,824,392$2,697,069$3,266,528
58$3,568,034$2,906,200$2,730,833$3,453,894
59$3,873,604$2,990,234$2,763,947$3,656,433
60$4,208,504$3,076,548$2,796,331$3,875,593
61$4,575,667$3,165,194$2,827,903$4,112,966
62$4,978,324$3,256,227$2,858,577$4,370,306
63$5,420,034$3,349,703$2,888,261$4,649,543
64$5,904,717$3,445,679$2,916,857$4,952,802
65$6,436,690$3,544,209$2,944,264$5,282,422
66$7,020,711$3,645,353$2,970,375$5,640,978
67$7,662,017$3,749,169$2,995,076$6,031,304
68$8,366,379$3,855,716$3,018,248$6,456,524
69$9,140,156$3,965,052$3,039,766$6,920,075
70$9,990,352$4,077,239$3,059,497$7,425,744
71$10,924,681$4,192,336$3,077,303$7,977,701
72$11,951,643$4,310,406$3,093,038$8,580,537
73$13,080,605$4,431,510$3,106,549$9,239,313
74$14,321,882$4,555,709$3,117,674$9,959,600
75$15,686,841$4,683,067$3,126,243$10,747,535
76$17,188,007$4,813,645$3,132,080$11,609,880
77$18,839,176$4,947,506$3,134,997$12,554,082
78$20,655,551$5,084,713$3,134,799$13,588,348
79$22,653,882$5,225,328$3,131,280$14,721,716
80$24,852,624$5,369,415$3,124,223$15,964,145
81$27,272,111$5,517,036$3,113,404$17,326,607
82$29,934,748$5,668,253$3,098,585$18,821,190
83$32,865,222$5,823,127$3,079,517$20,461,213
84$36,090,734$5,981,719$3,055,940$22,261,350
85$39,641,256$6,144,090$3,027,581$24,237,769
86$43,549,812$6,310,299$2,994,154$26,408,285
87$47,852,794$6,480,405$2,955,359$28,792,529
88$52,590,298$6,654,464$2,910,882$31,412,127
89$57,806,508$6,832,532$2,860,397$34,290,914
90$63,550,110$7,014,664$2,803,558$37,455,150
91$69,874,750$7,200,911$2,740,005$40,933,772
92$76,839,543$7,391,324$2,669,364$44,758,666
93$84,509,628$7,585,951$2,591,240$48,964,968
94$92,956,784$7,784,837$2,505,220$53,591,395
95$102,260,106$7,988,024$2,410,875$58,680,611
96$112,506,751$8,195,551$2,307,754$64,279,631
97$123,792,762$8,407,455$2,195,386$70,440,260
98$136,223,971$8,623,768$2,073,278$77,219,589
99$149,917,000$8,844,517$1,940,917$84,680,528
100$165,000,361$9,069,725$1,797,765$92,892,401