Can I retire at age 55 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$213,054$211,156$209,305$207,497$205,733$203,924
2 years$105,472$103,508$101,604$99,758$97,968$96,145
3 years$69,616$67,644$65,745$63,916$62,155$60,375
4 years$51,692$49,725$47,845$46,048$44,329$42,605
5 years$40,940$38,985$37,130$35,369$33,699$32,036
6 years$33,775$31,834$30,006$28,285$26,664$25,065
7 years$28,658$26,734$24,936$23,255$21,685$20,150
8 years$24,823$22,916$21,147$19,508$17,990$16,519
9 years$21,841$19,953$18,214$16,616$15,150$13,743
10 years$19,457$17,587$15,880$14,323$12,909$11,564
11 years$17,508$15,657$13,980$12,466$11,102$9,819
12 years$15,885$14,053$12,407$10,934$9,621$8,399
13 years$14,513$12,700$11,085$9,653$8,389$7,227
14 years$13,338$11,544$9,960$8,569$7,354$6,249
15 years$12,320$10,545$8,992$7,642$6,475$5,426
16 years$11,430$9,675$8,153$6,843$5,723$4,728
17 years$10,646$8,910$7,419$6,148$5,074$4,132
18 years$9,950$8,234$6,772$5,541$4,512$3,621
19 years$9,328$7,631$6,200$5,006$4,021$3,180
20 years$8,769$7,091$5,690$4,534$3,592$2,798
21 years$8,263$6,605$5,234$4,115$3,214$2,465
22 years$7,804$6,166$4,824$3,742$2,881$2,176
23 years$7,386$5,766$4,454$3,408$2,586$1,923
24 years$7,003$5,403$4,119$3,108$2,325$1,701
25 years$6,652$5,070$3,815$2,838$2,092$1,506
26 years$6,328$4,765$3,538$2,595$1,884$1,335
27 years$6,028$4,485$3,285$2,375$1,699$1,184
28 years$5,750$4,226$3,054$2,176$1,533$1,051
29 years$5,492$3,987$2,842$1,996$1,384$933
30 years$5,252$3,765$2,647$1,832$1,251$829
31 years$5,027$3,559$2,468$1,682$1,131$737
32 years$4,817$3,368$2,303$1,546$1,023$655
33 years$4,620$3,189$2,150$1,422$926$583
34 years$4,436$3,023$2,009$1,308$838$518
35 years$4,262$2,867$1,878$1,204$759$461
36 years$4,098$2,721$1,757$1,109$688$411
37 years$3,943$2,584$1,645$1,022$623$366
38 years$3,797$2,456$1,540$942$565$326
39 years$3,658$2,336$1,443$868$512$290
40 years$3,527$2,222$1,352$801$465$259
41 years$3,403$2,115$1,268$739$422$230
42 years$3,285$2,014$1,190$682$383$205
43 years$3,172$1,919$1,116$630$347$183
44 years$3,065$1,830$1,048$581$315$163
45 years$2,963$1,745$984$537$286$145
46 years$2,866$1,664$924$496$260$130
47 years$2,774$1,588$868$458$236$116
48 years$2,685$1,516$816$423$214$103
49 years$2,600$1,448$767$391$195$92
50 years$2,519$1,383$721$362$177$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,580,000, adding $4,101 every year, while hoping to spend $24,460 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: 36/39/25 Blend
54$2,580,000$2,580,000$2,580,000$2,580,000
55$2,847,390$2,710,650$2,670,660$2,928,331
56$3,111,799$2,817,447$2,734,102$3,095,253
57$3,402,357$2,928,657$2,798,849$3,272,802
58$3,721,707$3,044,470$2,864,920$3,464,000
59$4,072,758$3,165,086$2,932,332$3,670,088
60$4,458,717$3,290,713$3,001,103$3,892,427
61$4,883,115$3,421,567$3,071,249$4,132,512
62$5,349,845$3,557,876$3,142,788$4,391,983
63$5,863,194$3,699,876$3,215,735$4,672,644
64$6,427,885$3,847,816$3,290,109$4,976,474
65$7,049,125$4,001,954$3,365,922$5,305,648
66$7,732,647$4,162,562$3,443,192$5,662,555
67$8,484,771$4,329,921$3,521,933$6,049,822
68$9,312,458$4,504,327$3,602,158$6,470,336
69$10,223,380$4,686,091$3,683,882$6,927,269
70$11,225,989$4,875,533$3,767,116$7,424,112
71$12,329,598$5,072,993$3,851,873$7,964,699
72$13,544,471$5,278,823$3,938,164$8,553,249
73$14,881,913$5,493,392$4,025,999$9,194,403
74$16,354,386$5,717,086$4,115,388$9,893,263
75$17,975,619$5,950,309$4,206,339$10,655,443
76$19,760,739$6,193,481$4,298,859$11,487,120
77$21,726,418$6,447,045$4,392,953$12,395,089
78$23,891,023$6,711,460$4,488,628$13,386,827
79$26,274,796$6,987,211$4,585,885$14,470,563
80$28,900,041$7,274,800$4,684,728$15,655,352
81$31,791,335$7,574,755$4,785,157$16,951,159
82$34,975,761$7,887,628$4,887,169$18,368,956
83$38,483,162$8,213,995$4,990,763$19,920,816
84$42,346,424$8,554,461$5,095,934$21,620,033
85$46,601,786$8,909,655$5,202,673$23,481,238
86$51,289,179$9,280,239$5,310,974$25,520,542
87$56,452,607$9,666,903$5,420,824$27,755,681
88$62,140,562$10,070,370$5,532,210$30,206,185
89$68,406,475$10,491,394$5,645,115$32,893,558
90$75,309,231$10,930,768$5,759,522$35,841,477
91$82,913,715$11,389,317$5,875,408$39,076,018
92$91,291,428$11,867,909$5,992,748$42,625,895
93$100,521,164$12,367,447$6,111,516$46,522,730
94$110,689,751$12,888,880$6,231,680$50,801,348
95$121,892,870$13,433,199$6,353,206$55,500,106
96$134,235,959$14,001,442$6,476,054$60,661,248
97$147,835,209$14,594,695$6,600,184$66,331,301
98$162,818,658$15,214,093$6,725,548$72,561,516
99$179,327,403$15,860,825$6,852,096$79,408,341
100$197,516,930$16,536,137$6,979,772$86,933,954