Can I retire at age 55 with 2,570,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$212,228$210,338$208,493$206,693$204,935$202,880
2 years$105,063$103,107$101,210$99,372$97,588$95,518
3 years$69,347$67,381$65,490$63,668$61,914$59,893
4 years$51,492$49,532$47,660$45,870$44,158$42,201
5 years$40,781$38,834$36,986$35,232$33,568$31,682
6 years$33,644$31,711$29,890$28,175$26,561$24,749
7 years$28,547$26,631$24,839$23,165$21,601$19,863
8 years$24,727$22,828$21,065$19,432$17,920$16,256
9 years$21,757$19,875$18,144$16,552$15,092$13,500
10 years$19,382$17,519$15,818$14,268$12,859$11,339
11 years$17,440$15,596$13,926$12,417$11,059$9,610
12 years$15,824$13,998$12,359$10,892$9,583$8,204
13 years$14,457$12,650$11,042$9,616$8,357$7,046
14 years$13,286$11,499$9,921$8,536$7,326$6,081
15 years$12,272$10,505$8,957$7,612$6,450$5,269
16 years$11,386$9,638$8,121$6,816$5,701$4,582
17 years$10,605$8,876$7,390$6,124$5,055$3,996
18 years$9,912$8,202$6,746$5,519$4,494$3,494
19 years$9,292$7,601$6,176$4,987$4,006$3,062
20 years$8,735$7,064$5,668$4,517$3,578$2,688
21 years$8,231$6,579$5,213$4,099$3,202$2,364
22 years$7,774$6,142$4,805$3,727$2,870$2,081
23 years$7,358$5,744$4,436$3,394$2,576$1,835
24 years$6,976$5,382$4,103$3,096$2,316$1,619
25 years$6,626$5,051$3,800$2,827$2,084$1,431
26 years$6,303$4,747$3,524$2,585$1,877$1,265
27 years$6,005$4,467$3,273$2,366$1,692$1,119
28 years$5,728$4,209$3,042$2,168$1,527$991
29 years$5,471$3,971$2,831$1,988$1,379$878
30 years$5,231$3,750$2,637$1,825$1,246$778
31 years$5,008$3,545$2,459$1,676$1,126$690
32 years$4,799$3,355$2,294$1,540$1,019$612
33 years$4,602$3,177$2,142$1,416$922$543
34 years$4,418$3,011$2,001$1,303$835$482
35 years$4,245$2,856$1,871$1,199$756$428
36 years$4,082$2,711$1,750$1,105$685$380
37 years$3,928$2,574$1,638$1,018$621$337
38 years$3,782$2,447$1,534$938$563$300
39 years$3,644$2,327$1,437$865$510$266
40 years$3,514$2,213$1,347$798$463$237
41 years$3,390$2,107$1,263$736$420$210
42 years$3,272$2,007$1,185$679$381$187
43 years$3,160$1,912$1,112$627$346$166
44 years$3,054$1,822$1,044$579$314$148
45 years$2,952$1,738$980$535$285$131
46 years$2,855$1,658$920$494$259$117
47 years$2,763$1,582$865$456$235$104
48 years$2,674$1,510$813$422$213$92
49 years$2,590$1,442$764$390$194$82
50 years$2,509$1,378$718$360$176$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,570,000, adding $2,372 every year, while hoping to spend $59,640 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: 58/20/22 Blend
54$2,570,000$2,570,000$2,570,000$2,570,000
55$2,834,587$2,698,377$2,658,542$2,982,160
56$3,060,258$2,767,141$2,684,146$3,151,679
57$3,306,949$2,837,275$2,708,610$3,329,783
58$3,576,741$2,908,784$2,731,831$3,522,663
59$3,871,924$2,981,671$2,753,703$3,731,759
60$4,195,023$3,055,935$2,774,115$3,958,660
61$4,548,814$3,131,575$2,792,947$4,205,113
62$4,936,358$3,208,587$2,810,076$4,473,046
63$5,361,024$3,286,966$2,825,371$4,764,580
64$5,826,523$3,366,701$2,838,694$5,082,056
65$6,336,940$3,447,781$2,849,903$5,428,049
66$6,896,778$3,530,192$2,858,844$5,805,399
67$7,510,993$3,613,916$2,865,360$6,217,236
68$8,185,047$3,698,930$2,869,281$6,667,006
69$8,924,954$3,785,210$2,870,435$7,158,510
70$9,737,340$3,872,726$2,868,635$7,695,935
71$10,629,503$3,961,444$2,863,689$8,283,894
72$11,609,485$4,051,327$2,855,395$8,927,474
73$12,686,141$4,142,331$2,843,540$9,632,277
74$13,869,230$4,234,408$2,827,901$10,404,481
75$15,169,501$4,327,503$2,808,244$11,250,890
76$16,598,796$4,421,556$2,784,326$12,179,008
77$18,170,162$4,516,502$2,755,890$13,197,100
78$19,897,973$4,612,265$2,722,668$14,314,278
79$21,798,067$4,708,767$2,684,377$15,540,583
80$23,887,891$4,805,917$2,640,725$16,887,084
81$26,186,669$4,903,621$2,591,403$18,365,976
82$28,715,583$5,001,771$2,536,088$19,990,702
83$31,497,968$5,100,254$2,474,443$21,776,079
84$34,559,539$5,198,945$2,406,115$23,738,435
85$37,928,627$5,297,708$2,330,735$25,895,766
86$41,636,448$5,396,396$2,247,915$28,267,906
87$45,717,398$5,494,853$2,157,253$30,876,715
88$50,209,378$5,592,905$2,058,326$33,746,286
89$55,154,146$5,690,370$1,950,692$36,903,172
90$60,597,719$5,787,048$1,833,890$40,376,636
91$66,590,798$5,882,725$1,707,437$44,198,932
92$73,189,253$5,977,172$1,570,830$48,405,607
93$80,454,646$6,070,142$1,423,541$53,035,837
94$88,454,811$6,161,370$1,265,021$58,132,800
95$97,264,497$6,250,573$1,094,695$63,744,083
96$106,966,071$6,337,447$911,963$69,922,131
97$117,650,295$6,421,666$716,198$76,724,745
98$129,417,180$6,502,883$506,746$84,215,628
99$142,376,935$6,580,726$282,924$92,464,987
100$156,650,999$6,654,798$44,019$101,550,197