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

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$212,228$210,338$208,493$206,693$204,935$203,644
2 years$105,063$103,107$101,210$99,372$97,588$96,286
3 years$69,347$67,381$65,490$63,668$61,914$60,640
4 years$51,492$49,532$47,660$45,870$44,158$42,923
5 years$40,781$38,834$36,986$35,232$33,568$32,376
6 years$33,644$31,711$29,890$28,175$26,561$25,413
7 years$28,547$26,631$24,839$23,165$21,601$20,498
8 years$24,727$22,828$21,065$19,432$17,920$16,862
9 years$21,757$19,875$18,144$16,552$15,092$14,077
10 years$19,382$17,519$15,818$14,268$12,859$11,888
11 years$17,440$15,596$13,926$12,417$11,059$10,132
12 years$15,824$13,998$12,359$10,892$9,583$8,698
13 years$14,457$12,650$11,042$9,616$8,357$7,514
14 years$13,286$11,499$9,921$8,536$7,326$6,523
15 years$12,272$10,505$8,957$7,612$6,450$5,687
16 years$11,386$9,638$8,121$6,816$5,701$4,976
17 years$10,605$8,876$7,390$6,124$5,055$4,367
18 years$9,912$8,202$6,746$5,519$4,494$3,842
19 years$9,292$7,601$6,176$4,987$4,006$3,389
20 years$8,735$7,064$5,668$4,517$3,578$2,995
21 years$8,231$6,579$5,213$4,099$3,202$2,651
22 years$7,774$6,142$4,805$3,727$2,870$2,350
23 years$7,358$5,744$4,436$3,394$2,576$2,086
24 years$6,976$5,382$4,103$3,096$2,316$1,854
25 years$6,626$5,051$3,800$2,827$2,084$1,649
26 years$6,303$4,747$3,524$2,585$1,877$1,468
27 years$6,005$4,467$3,273$2,366$1,692$1,308
28 years$5,728$4,209$3,042$2,168$1,527$1,167
29 years$5,471$3,971$2,831$1,988$1,379$1,041
30 years$5,231$3,750$2,637$1,825$1,246$929
31 years$5,008$3,545$2,459$1,676$1,126$830
32 years$4,799$3,355$2,294$1,540$1,019$742
33 years$4,602$3,177$2,142$1,416$922$663
34 years$4,418$3,011$2,001$1,303$835$593
35 years$4,245$2,856$1,871$1,199$756$530
36 years$4,082$2,711$1,750$1,105$685$475
37 years$3,928$2,574$1,638$1,018$621$425
38 years$3,782$2,447$1,534$938$563$380
39 years$3,644$2,327$1,437$865$510$341
40 years$3,514$2,213$1,347$798$463$305
41 years$3,390$2,107$1,263$736$420$273
42 years$3,272$2,007$1,185$679$381$245
43 years$3,160$1,912$1,112$627$346$219
44 years$3,054$1,822$1,044$579$314$196
45 years$2,952$1,738$980$535$285$176
46 years$2,855$1,658$920$494$259$158
47 years$2,763$1,582$865$456$235$141
48 years$2,674$1,510$813$422$213$127
49 years$2,590$1,442$764$390$194$114
50 years$2,509$1,378$718$360$176$102

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 $2,179 every year, while hoping to spend $48,843 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: 61/25/14 Blend
54$2,570,000$2,570,000$2,570,000$2,570,000
55$2,834,388$2,698,178$2,658,343$2,997,387
56$3,071,527$2,778,420$2,695,429$3,187,498
57$3,331,217$2,860,957$2,732,120$3,389,150
58$3,615,707$2,945,849$2,768,352$3,608,029
59$3,927,473$3,033,160$2,804,056$3,845,806
60$4,269,243$3,122,952$2,839,159$4,104,320
61$4,644,019$3,215,291$2,873,585$4,385,596
62$5,055,112$3,310,243$2,907,253$4,691,864
63$5,506,164$3,407,876$2,940,076$5,025,580
64$6,001,190$3,508,259$2,971,966$5,389,447
65$6,544,610$3,611,462$3,002,825$5,786,441
66$7,141,295$3,717,559$3,032,555$6,219,841
67$7,796,610$3,826,622$3,061,048$6,693,258
68$8,516,464$3,938,726$3,088,193$7,210,668
69$9,307,368$4,053,948$3,113,872$7,776,450
70$10,176,495$4,172,367$3,137,962$8,395,429
71$11,131,745$4,294,061$3,160,332$9,072,918
72$12,181,824$4,419,111$3,180,844$9,814,771
73$13,336,323$4,547,600$3,199,355$10,627,435
74$14,605,806$4,679,611$3,215,712$11,518,014
75$16,001,916$4,815,230$3,229,756$12,494,332
76$17,537,479$4,954,543$3,241,320$13,565,009
77$19,226,625$5,097,639$3,250,227$14,739,543
78$21,084,924$5,244,606$3,256,293$16,028,398
79$23,129,531$5,395,537$3,259,323$17,443,099
80$25,379,347$5,550,522$3,259,115$18,996,350
81$27,855,198$5,709,655$3,255,453$20,702,142
82$30,580,031$5,873,031$3,248,114$22,575,894
83$33,579,131$6,040,747$3,236,862$24,634,595
84$36,880,357$6,212,898$3,221,452$26,896,962
85$40,514,407$6,389,584$3,201,624$29,383,618
86$44,515,106$6,570,903$3,177,108$32,117,291
87$48,919,726$6,756,956$3,147,620$35,123,019
88$53,769,335$6,947,844$3,112,863$38,428,393
89$59,109,189$7,143,669$3,072,525$42,063,818
90$64,989,151$7,344,535$3,026,280$46,062,793
91$71,464,171$7,550,543$2,973,786$50,462,233
92$78,594,796$7,761,799$2,914,688$55,302,816
93$86,447,745$7,978,407$2,848,610$60,629,366
94$95,096,538$8,200,472$2,775,161$66,491,275
95$104,622,187$8,428,098$2,693,931$72,942,970
96$115,113,966$8,661,390$2,604,494$80,044,428
97$126,670,247$8,900,454$2,506,400$87,861,740
98$139,399,429$9,145,394$2,399,182$96,467,735
99$153,420,966$9,396,313$2,282,349$105,942,669
100$168,866,487$9,653,316$2,155,391$116,374,978