Can I retire at age 55 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$210,577$208,701$206,871$205,085$203,341$200,966
2 years$104,246$102,304$100,423$98,598$96,829$94,439
3 years$68,807$66,857$64,980$63,173$61,432$59,101
4 years$51,091$49,147$47,289$45,513$43,814$41,559
5 years$40,464$38,532$36,698$34,958$33,307$31,135
6 years$33,382$31,464$29,658$27,956$26,354$24,269
7 years$28,325$26,424$24,646$22,984$21,433$19,434
8 years$24,534$22,650$20,901$19,281$17,781$15,869
9 years$21,587$19,721$18,002$16,423$14,974$13,148
10 years$19,231$17,383$15,695$14,157$12,759$11,017
11 years$17,305$15,475$13,818$12,321$10,973$9,314
12 years$15,701$13,889$12,263$10,807$9,509$7,931
13 years$14,344$12,552$10,956$9,541$8,292$6,794
14 years$13,183$11,409$9,844$8,469$7,269$5,847
15 years$12,177$10,423$8,888$7,553$6,400$5,054
16 years$11,297$9,563$8,058$6,763$5,656$4,382
17 years$10,522$8,807$7,332$6,077$5,015$3,811
18 years$9,834$8,138$6,694$5,476$4,459$3,323
19 years$9,219$7,542$6,128$4,948$3,975$2,903
20 years$8,667$7,009$5,624$4,482$3,550$2,541
21 years$8,167$6,528$5,173$4,067$3,177$2,228
22 years$7,714$6,094$4,767$3,698$2,848$1,956
23 years$7,300$5,699$4,402$3,368$2,556$1,719
24 years$6,922$5,340$4,071$3,072$2,298$1,513
25 years$6,574$5,011$3,771$2,805$2,068$1,332
26 years$6,254$4,710$3,497$2,565$1,862$1,174
27 years$5,958$4,433$3,247$2,348$1,679$1,035
28 years$5,683$4,177$3,019$2,151$1,515$914
29 years$5,428$3,940$2,809$1,973$1,368$807
30 years$5,191$3,721$2,617$1,810$1,236$713
31 years$4,969$3,518$2,439$1,663$1,118$630
32 years$4,761$3,328$2,276$1,528$1,011$557
33 years$4,567$3,152$2,125$1,405$915$492
34 years$4,384$2,988$1,986$1,293$828$436
35 years$4,212$2,834$1,856$1,190$750$385
36 years$4,050$2,690$1,737$1,096$680$341
37 years$3,897$2,554$1,625$1,010$616$302
38 years$3,753$2,428$1,522$931$559$267
39 years$3,616$2,308$1,426$858$507$237
40 years$3,486$2,196$1,337$792$459$210
41 years$3,363$2,091$1,253$730$417$186
42 years$3,247$1,991$1,176$674$378$164
43 years$3,135$1,897$1,103$622$343$146
44 years$3,030$1,808$1,036$575$312$129
45 years$2,929$1,724$972$531$283$114
46 years$2,833$1,645$913$490$257$101
47 years$2,741$1,570$858$453$233$90
48 years$2,654$1,499$806$418$212$80
49 years$2,570$1,431$758$387$192$71
50 years$2,490$1,367$713$357$175$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,550,000, adding $4,656 every year, while hoping to spend $43,000 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: 80/6/14 Blend
54$2,550,000$2,550,000$2,550,000$2,550,000
55$2,814,903$2,679,753$2,640,228$3,031,868
56$3,056,271$2,765,309$2,682,924$3,260,732
57$3,320,818$2,853,616$2,725,609$3,505,819
58$3,610,862$2,944,764$2,768,237$3,773,559
59$3,928,957$3,038,845$2,810,760$4,066,203
60$4,277,916$3,135,953$2,853,126$4,386,228
61$4,660,837$3,236,189$2,895,280$4,736,365
62$5,081,134$3,339,653$2,937,163$5,119,621
63$5,542,565$3,446,451$2,978,713$5,539,307
64$6,049,271$3,556,692$3,019,864$5,999,071
65$6,605,814$3,670,487$3,060,547$6,502,933
66$7,217,219$3,787,954$3,100,688$7,055,319
67$7,889,022$3,909,210$3,140,208$7,661,107
68$8,627,323$4,034,382$3,179,025$8,325,668
69$9,438,839$4,163,595$3,217,051$9,054,922
70$10,330,972$4,296,984$3,254,194$9,855,389
71$11,311,879$4,434,683$3,290,357$10,734,254
72$12,390,543$4,576,835$3,325,437$11,699,431
73$13,576,863$4,723,585$3,359,324$12,759,643
74$14,881,747$4,875,085$3,391,905$13,924,495
75$16,317,210$5,031,489$3,423,059$15,204,576
76$17,896,493$5,192,959$3,452,658$16,611,549
77$19,634,182$5,359,661$3,480,570$18,158,266
78$21,546,352$5,531,767$3,506,652$19,858,888
79$23,650,712$5,709,456$3,530,756$21,729,017
80$25,966,775$5,892,910$3,552,727$23,785,846
81$28,516,043$6,082,319$3,572,401$26,048,320
82$31,322,207$6,277,880$3,589,604$28,537,311
83$34,411,372$6,479,796$3,604,155$31,275,820
84$37,812,302$6,688,276$3,615,864$34,289,193
85$41,556,692$6,903,538$3,624,532$37,605,357
86$45,679,468$7,125,804$3,629,947$41,255,085
87$50,219,112$7,355,307$3,631,889$45,272,288
88$55,218,031$7,592,287$3,630,126$49,694,332
89$60,722,952$7,836,990$3,624,417$54,562,392
90$66,785,364$8,089,674$3,614,506$59,921,843
91$73,462,005$8,350,602$3,600,126$65,822,681
92$80,815,397$8,620,048$3,580,997$72,320,003
93$88,914,433$8,898,296$3,556,826$79,474,521
94$97,835,030$9,185,638$3,527,305$87,353,138
95$107,660,845$9,482,376$3,492,111$96,029,579
96$118,484,062$9,788,823$3,450,908$105,585,085
97$130,406,264$10,105,304$3,403,341$116,109,180
98$143,539,391$10,432,152$3,349,041$127,700,518
99$158,006,796$10,769,713$3,287,621$140,467,814
100$173,944,406$11,118,347$3,218,673$154,530,867