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%19%
1 years$210,577$208,701$206,871$205,085$203,341$195,970
2 years$104,246$102,304$100,423$98,598$96,829$89,484
3 years$68,807$66,857$64,980$63,173$61,432$54,344
4 years$51,091$49,147$47,289$45,513$43,814$37,037
5 years$40,464$38,532$36,698$34,958$33,307$26,858
6 years$33,382$31,464$29,658$27,956$26,354$20,239
7 years$28,325$26,424$24,646$22,984$21,433$15,649
8 years$24,534$22,650$20,901$19,281$17,781$12,324
9 years$21,587$19,721$18,002$16,423$14,974$9,836
10 years$19,231$17,383$15,695$14,157$12,759$7,931
11 years$17,305$15,475$13,818$12,321$10,973$6,446
12 years$15,701$13,889$12,263$10,807$9,509$5,271
13 years$14,344$12,552$10,956$9,541$8,292$4,331
14 years$13,183$11,409$9,844$8,469$7,269$3,573
15 years$12,177$10,423$8,888$7,553$6,400$2,958
16 years$11,297$9,563$8,058$6,763$5,656$2,454
17 years$10,522$8,807$7,332$6,077$5,015$2,041
18 years$9,834$8,138$6,694$5,476$4,459$1,700
19 years$9,219$7,542$6,128$4,948$3,975$1,418
20 years$8,667$7,009$5,624$4,482$3,550$1,185
21 years$8,167$6,528$5,173$4,067$3,177$991
22 years$7,714$6,094$4,767$3,698$2,848$829
23 years$7,300$5,699$4,402$3,368$2,556$694
24 years$6,922$5,340$4,071$3,072$2,298$581
25 years$6,574$5,011$3,771$2,805$2,068$487
26 years$6,254$4,710$3,497$2,565$1,862$409
27 years$5,958$4,433$3,247$2,348$1,679$343
28 years$5,683$4,177$3,019$2,151$1,515$288
29 years$5,428$3,940$2,809$1,973$1,368$241
30 years$5,191$3,721$2,617$1,810$1,236$203
31 years$4,969$3,518$2,439$1,663$1,118$170
32 years$4,761$3,328$2,276$1,528$1,011$143
33 years$4,567$3,152$2,125$1,405$915$120
34 years$4,384$2,988$1,986$1,293$828$101
35 years$4,212$2,834$1,856$1,190$750$85
36 years$4,050$2,690$1,737$1,096$680$71
37 years$3,897$2,554$1,625$1,010$616$60
38 years$3,753$2,428$1,522$931$559$50
39 years$3,616$2,308$1,426$858$507$42
40 years$3,486$2,196$1,337$792$459$35
41 years$3,363$2,091$1,253$730$417$30
42 years$3,247$1,991$1,176$674$378$25
43 years$3,135$1,897$1,103$622$343$21
44 years$3,030$1,808$1,036$575$312$18
45 years$2,929$1,724$972$531$283$15
46 years$2,833$1,645$913$490$257$12
47 years$2,741$1,570$858$453$233$10
48 years$2,654$1,499$806$418$212$9
49 years$2,570$1,431$758$387$192$7
50 years$2,490$1,367$713$357$175$6

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 $2,664 every year, while hoping to spend $46,245 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: 62/10/28 Blend
54$2,550,000$2,550,000$2,550,000$2,550,000
55$2,812,848$2,677,698$2,638,173$2,965,962
56$3,050,554$2,759,701$2,677,347$3,152,338
57$3,310,956$2,844,172$2,716,284$3,350,504
58$3,596,321$2,931,183$2,754,927$3,565,911
59$3,909,143$3,020,809$2,793,215$3,800,253
60$4,252,173$3,113,126$2,831,084$4,055,399
61$4,628,437$3,208,211$2,868,468$4,333,406
62$5,041,269$3,306,145$2,905,294$4,636,540
63$5,494,344$3,407,012$2,941,486$4,967,298
64$5,991,707$3,510,895$2,976,965$5,328,429
65$6,537,814$3,617,882$3,011,647$5,722,965
66$7,137,575$3,728,062$3,045,441$6,154,242
67$7,796,399$3,841,528$3,078,254$6,625,938
68$8,520,242$3,958,373$3,109,986$7,142,105
69$9,315,668$4,078,696$3,140,533$7,707,208
70$10,189,909$4,202,594$3,169,783$8,326,165
71$11,150,929$4,330,170$3,197,620$9,004,396
72$12,207,505$4,461,530$3,223,922$9,747,874
73$13,369,306$4,596,781$3,248,559$10,563,177
74$14,646,985$4,736,033$3,271,395$11,457,558
75$16,052,279$4,879,399$3,292,288$12,439,006
76$17,598,118$5,026,997$3,311,086$13,516,325
77$19,298,751$5,178,945$3,327,633$14,699,216
78$21,169,876$5,335,365$3,341,761$15,998,371
79$23,228,789$5,496,384$3,353,295$17,425,569
80$25,494,548$5,662,129$3,362,053$18,993,793
81$27,988,152$5,832,734$3,367,842$20,717,347
82$30,732,738$6,008,332$3,370,459$22,611,996
83$33,753,800$6,189,063$3,369,693$24,695,113
84$37,079,430$6,375,070$3,365,320$26,985,840
85$40,740,580$6,566,497$3,357,106$29,505,275
86$44,771,358$6,763,494$3,344,808$32,276,665
87$49,209,345$6,966,213$3,328,168$35,325,630
88$54,095,953$7,174,813$3,306,916$38,680,403
89$59,476,814$7,389,452$3,280,771$42,372,096
90$65,402,209$7,610,295$3,249,437$46,434,996
91$71,927,546$7,837,511$3,212,605$50,906,888
92$79,113,877$8,071,271$3,169,949$55,829,411
93$87,028,481$8,311,751$3,121,130$61,248,451
94$95,745,491$8,559,132$3,065,793$67,214,577
95$105,346,600$8,813,598$3,003,566$73,783,515
96$115,921,826$9,075,338$2,934,059$81,016,678
97$127,570,367$9,344,544$2,856,864$88,981,743
98$140,401,531$9,621,413$2,771,556$97,753,293
99$154,535,771$9,906,147$2,677,687$107,413,519
100$170,105,823$10,198,951$2,574,793$118,052,996