Can I retire at age 55 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$211,402$209,519$207,682$205,889$204,138$203,192
2 years$104,655$102,706$100,817$98,985$97,209$96,254
3 years$69,077$67,119$65,235$63,421$61,673$60,739
4 years$51,291$49,340$47,474$45,691$43,986$43,080
5 years$40,623$38,683$36,842$35,095$33,437$32,562
6 years$33,513$31,588$29,774$28,066$26,458$25,614
7 years$28,436$26,527$24,742$23,074$21,517$20,706
8 years$24,630$22,739$20,983$19,357$17,851$17,071
9 years$21,672$19,798$18,073$16,488$15,033$14,285
10 years$19,307$17,451$15,756$14,212$12,809$12,093
11 years$17,373$15,536$13,872$12,369$11,016$10,331
12 years$15,762$13,944$12,311$10,849$9,546$8,892
13 years$14,400$12,601$10,999$9,578$8,324$7,700
14 years$13,234$11,454$9,883$8,503$7,297$6,702
15 years$12,224$10,464$8,923$7,583$6,425$5,859
16 years$11,342$9,600$8,090$6,790$5,678$5,140
17 years$10,564$8,841$7,361$6,100$5,035$4,524
18 years$9,873$8,170$6,720$5,498$4,477$3,992
19 years$9,256$7,572$6,152$4,968$3,990$3,530
20 years$8,701$7,036$5,646$4,499$3,564$3,129
21 years$8,199$6,554$5,193$4,083$3,190$2,778
22 years$7,744$6,118$4,786$3,713$2,859$2,470
23 years$7,329$5,722$4,419$3,381$2,566$2,199
24 years$6,949$5,361$4,087$3,084$2,307$1,960
25 years$6,600$5,031$3,785$2,816$2,076$1,749
26 years$6,278$4,728$3,511$2,575$1,870$1,562
27 years$5,981$4,450$3,260$2,357$1,686$1,397
28 years$5,706$4,193$3,031$2,160$1,521$1,249
29 years$5,450$3,956$2,820$1,980$1,373$1,118
30 years$5,211$3,736$2,627$1,817$1,241$1,002
31 years$4,988$3,532$2,449$1,669$1,122$898
32 years$4,780$3,342$2,285$1,534$1,015$805
33 years$4,585$3,164$2,134$1,411$918$722
34 years$4,401$2,999$1,993$1,298$832$648
35 years$4,229$2,845$1,864$1,195$753$581
36 years$4,066$2,700$1,743$1,100$682$522
37 years$3,912$2,564$1,632$1,014$619$469
38 years$3,767$2,437$1,528$935$561$421
39 years$3,630$2,317$1,432$862$509$378
40 years$3,500$2,205$1,342$795$461$340
41 years$3,376$2,099$1,258$733$418$305
42 years$3,259$1,999$1,180$677$380$274
43 years$3,148$1,905$1,108$625$345$247
44 years$3,042$1,815$1,040$577$313$222
45 years$2,941$1,731$976$533$284$199
46 years$2,844$1,651$917$492$258$179
47 years$2,752$1,576$861$455$234$161
48 years$2,664$1,504$809$420$213$145
49 years$2,580$1,437$761$388$193$131
50 years$2,499$1,372$715$359$175$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,560,000, adding $4,737 every year, while hoping to spend $59,241 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: 64/8/28 Blend
54$2,560,000$2,560,000$2,560,000$2,560,000
55$2,826,006$2,690,326$2,650,646$2,985,558
56$3,051,227$2,759,120$2,676,411$3,162,968
57$3,297,435$2,829,300$2,701,053$3,349,789
58$3,566,707$2,900,870$2,724,473$3,552,646
59$3,861,333$2,973,834$2,746,565$3,773,122
60$4,183,832$3,048,195$2,767,217$4,012,962
61$4,536,978$3,123,952$2,786,314$4,274,089
62$4,923,826$3,201,102$2,803,732$4,558,623
63$5,347,742$3,279,641$2,819,342$4,868,898
64$5,812,429$3,359,561$2,833,008$5,207,488
65$6,321,970$3,440,853$2,844,587$5,577,230
66$6,880,860$3,523,503$2,853,930$5,981,249
67$7,494,049$3,607,496$2,860,877$6,422,991
68$8,166,990$3,692,812$2,865,265$6,906,252
69$8,905,691$3,779,427$2,866,919$7,435,217
70$9,716,767$3,867,315$2,865,657$8,014,497
71$10,607,509$3,956,445$2,861,287$8,649,175
72$11,585,944$4,046,780$2,853,610$9,344,853
73$12,660,918$4,138,280$2,842,414$10,107,706
74$13,842,176$4,230,900$2,827,479$10,944,539
75$15,140,453$4,324,589$2,808,574$11,862,852
76$16,567,574$4,419,289$2,785,457$12,870,911
77$18,136,570$4,514,937$2,757,873$13,977,827
78$19,861,795$4,611,464$2,725,556$15,193,642
79$21,759,065$4,708,792$2,688,229$16,529,423
80$23,845,804$4,806,838$2,645,600$17,997,369
81$26,141,211$4,905,508$2,597,363$19,610,924
82$28,666,439$5,004,702$2,543,198$21,384,905
83$31,444,793$5,104,310$2,482,772$23,335,645
84$34,501,951$5,204,211$2,415,735$25,481,143
85$37,866,209$5,304,275$2,341,720$27,841,237
86$41,568,739$5,404,362$2,260,346$30,437,792
87$45,643,894$5,504,319$2,171,210$33,294,907
88$50,129,521$5,603,981$2,073,896$36,439,141
89$55,067,326$5,703,170$1,967,965$39,899,767
90$60,503,262$5,801,693$1,852,960$43,709,046
91$66,487,963$5,899,345$1,728,403$47,902,535
92$73,077,226$5,995,903$1,593,795$52,519,422
93$80,332,529$6,091,128$1,448,613$57,602,897
94$88,321,617$6,184,764$1,292,312$63,200,561
95$97,119,141$6,276,537$1,124,324$69,364,874
96$106,807,357$6,366,150$944,052$76,153,655
97$117,476,906$6,453,290$750,876$83,630,626
98$129,227,667$6,537,618$544,147$91,866,013
99$142,169,702$6,618,775$323,189$100,937,215
100$156,424,290$6,696,373$87,295$110,929,532