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%14.8%
1 years$210,577$208,701$206,871$205,085$203,341$199,317
2 years$104,246$102,304$100,423$98,598$96,829$92,792
3 years$68,807$66,857$64,980$63,173$61,432$57,508
4 years$51,091$49,147$47,289$45,513$43,814$40,033
5 years$40,464$38,532$36,698$34,958$33,307$29,679
6 years$33,382$31,464$29,658$27,956$26,354$22,885
7 years$28,325$26,424$24,646$22,984$21,433$18,122
8 years$24,534$22,650$20,901$19,281$17,781$14,627
9 years$21,587$19,721$18,002$16,423$14,974$11,976
10 years$19,231$17,383$15,695$14,157$12,759$9,913
11 years$17,305$15,475$13,818$12,321$10,973$8,277
12 years$15,701$13,889$12,263$10,807$9,509$6,958
13 years$14,344$12,552$10,956$9,541$8,292$5,882
14 years$13,183$11,409$9,844$8,469$7,269$4,995
15 years$12,177$10,423$8,888$7,553$6,400$4,258
16 years$11,297$9,563$8,058$6,763$5,656$3,642
17 years$10,522$8,807$7,332$6,077$5,015$3,122
18 years$9,834$8,138$6,694$5,476$4,459$2,683
19 years$9,219$7,542$6,128$4,948$3,975$2,310
20 years$8,667$7,009$5,624$4,482$3,550$1,992
21 years$8,167$6,528$5,173$4,067$3,177$1,720
22 years$7,714$6,094$4,767$3,698$2,848$1,487
23 years$7,300$5,699$4,402$3,368$2,556$1,287
24 years$6,922$5,340$4,071$3,072$2,298$1,115
25 years$6,574$5,011$3,771$2,805$2,068$967
26 years$6,254$4,710$3,497$2,565$1,862$838
27 years$5,958$4,433$3,247$2,348$1,679$728
28 years$5,683$4,177$3,019$2,151$1,515$632
29 years$5,428$3,940$2,809$1,973$1,368$549
30 years$5,191$3,721$2,617$1,810$1,236$477
31 years$4,969$3,518$2,439$1,663$1,118$415
32 years$4,761$3,328$2,276$1,528$1,011$361
33 years$4,567$3,152$2,125$1,405$915$314
34 years$4,384$2,988$1,986$1,293$828$273
35 years$4,212$2,834$1,856$1,190$750$237
36 years$4,050$2,690$1,737$1,096$680$207
37 years$3,897$2,554$1,625$1,010$616$180
38 years$3,753$2,428$1,522$931$559$156
39 years$3,616$2,308$1,426$858$507$136
40 years$3,486$2,196$1,337$792$459$119
41 years$3,363$2,091$1,253$730$417$103
42 years$3,247$1,991$1,176$674$378$90
43 years$3,135$1,897$1,103$622$343$78
44 years$3,030$1,808$1,036$575$312$68
45 years$2,929$1,724$972$531$283$59
46 years$2,833$1,645$913$490$257$52
47 years$2,741$1,570$858$453$233$45
48 years$2,654$1,499$806$418$212$39
49 years$2,570$1,431$758$387$192$34
50 years$2,490$1,367$713$357$175$30

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 $5,339 every year, while hoping to spend $35,592 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: 67/16/17 Blend
54$2,550,000$2,550,000$2,550,000$2,550,000
55$2,815,607$2,680,457$2,640,932$2,992,311
56$3,064,929$2,773,930$2,691,534$3,204,526
57$3,338,490$2,870,790$2,742,638$3,431,840
58$3,638,723$2,971,166$2,794,223$3,679,525
59$3,968,310$3,075,191$2,846,267$3,949,580
60$4,330,207$3,183,004$2,898,746$4,244,205
61$4,727,666$3,294,749$2,951,632$4,565,823
62$5,164,273$3,410,577$3,004,897$4,917,100
63$5,643,977$3,530,643$3,058,509$5,300,974
64$6,171,129$3,655,111$3,112,435$5,720,678
65$6,750,521$3,784,149$3,166,639$6,179,773
66$7,387,435$3,917,932$3,221,082$6,682,180
67$8,087,687$4,056,645$3,275,722$7,232,219
68$8,857,687$4,200,476$3,330,515$7,834,646
69$9,704,496$4,349,625$3,385,412$8,494,699
70$10,635,894$4,504,296$3,440,363$9,218,148
71$11,660,454$4,664,705$3,495,313$10,011,350
72$12,787,619$4,831,074$3,550,205$10,881,304
73$14,027,795$5,003,636$3,604,977$11,835,722
74$15,392,449$5,182,633$3,659,562$12,883,099
75$16,894,212$5,368,316$3,713,891$14,032,792
76$18,547,005$5,560,947$3,767,890$15,295,110
77$20,366,165$5,760,798$3,821,479$16,681,409
78$22,368,591$5,968,155$3,874,576$18,204,199
79$24,572,905$6,183,311$3,927,091$19,877,263
80$26,999,624$6,406,576$3,978,931$21,715,787
81$29,671,357$6,638,270$4,029,997$23,736,500
82$32,613,017$6,878,727$4,080,184$25,957,833
83$35,852,054$7,128,294$4,129,379$28,400,093
84$39,418,718$7,387,334$4,177,467$31,085,655
85$43,346,338$7,656,224$4,224,324$34,039,170
86$47,671,643$7,935,358$4,269,817$37,287,798
87$52,435,104$8,225,145$4,313,810$40,861,467
88$57,681,319$8,526,011$4,356,156$44,793,150
89$63,459,429$8,838,401$4,396,704$49,119,179
90$69,823,587$9,162,779$4,435,289$53,879,586
91$76,833,465$9,499,627$4,471,743$59,118,482
92$84,554,819$9,849,449$4,505,887$64,884,468
93$93,060,107$10,212,768$4,537,531$71,231,100
94$102,429,176$10,590,133$4,566,477$78,217,389
95$112,750,014$10,982,112$4,592,516$85,908,358
96$124,119,580$11,389,299$4,615,429$94,375,659
97$136,644,716$11,812,313$4,634,985$103,698,240
98$150,443,162$12,251,802$4,650,942$113,963,100
99$165,644,661$12,708,436$4,663,045$125,266,102
100$182,392,186$13,182,919$4,671,026$137,712,880