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%16%
1 years$213,054$211,156$209,305$207,497$205,733$200,678
2 years$105,472$103,508$101,604$99,758$97,968$92,906
3 years$69,616$67,644$65,745$63,916$62,155$57,245
4 years$51,692$49,725$47,845$46,048$44,329$39,609
5 years$40,940$38,985$37,130$35,369$33,699$29,180
6 years$33,775$31,834$30,006$28,285$26,664$22,353
7 years$28,658$26,734$24,936$23,255$21,685$17,582
8 years$24,823$22,916$21,147$19,508$17,990$14,092
9 years$21,841$19,953$18,214$16,616$15,150$11,455
10 years$19,457$17,587$15,880$14,323$12,909$9,412
11 years$17,508$15,657$13,980$12,466$11,102$7,798
12 years$15,885$14,053$12,407$10,934$9,621$6,505
13 years$14,513$12,700$11,085$9,653$8,389$5,455
14 years$13,338$11,544$9,960$8,569$7,354$4,595
15 years$12,320$10,545$8,992$7,642$6,475$3,885
16 years$11,430$9,675$8,153$6,843$5,723$3,294
17 years$10,646$8,910$7,419$6,148$5,074$2,800
18 years$9,950$8,234$6,772$5,541$4,512$2,385
19 years$9,328$7,631$6,200$5,006$4,021$2,035
20 years$8,769$7,091$5,690$4,534$3,592$1,739
21 years$8,263$6,605$5,234$4,115$3,214$1,488
22 years$7,804$6,166$4,824$3,742$2,881$1,275
23 years$7,386$5,766$4,454$3,408$2,586$1,093
24 years$7,003$5,403$4,119$3,108$2,325$938
25 years$6,652$5,070$3,815$2,838$2,092$805
26 years$6,328$4,765$3,538$2,595$1,884$692
27 years$6,028$4,485$3,285$2,375$1,699$595
28 years$5,750$4,226$3,054$2,176$1,533$511
29 years$5,492$3,987$2,842$1,996$1,384$440
30 years$5,252$3,765$2,647$1,832$1,251$378
31 years$5,027$3,559$2,468$1,682$1,131$326
32 years$4,817$3,368$2,303$1,546$1,023$280
33 years$4,620$3,189$2,150$1,422$926$241
34 years$4,436$3,023$2,009$1,308$838$208
35 years$4,262$2,867$1,878$1,204$759$179
36 years$4,098$2,721$1,757$1,109$688$154
37 years$3,943$2,584$1,645$1,022$623$133
38 years$3,797$2,456$1,540$942$565$114
39 years$3,658$2,336$1,443$868$512$99
40 years$3,527$2,222$1,352$801$465$85
41 years$3,403$2,115$1,268$739$422$73
42 years$3,285$2,014$1,190$682$383$63
43 years$3,172$1,919$1,116$630$347$54
44 years$3,065$1,830$1,048$581$315$47
45 years$2,963$1,745$984$537$286$40
46 years$2,866$1,664$924$496$260$35
47 years$2,774$1,588$868$458$236$30
48 years$2,685$1,516$816$423$214$26
49 years$2,600$1,448$767$391$195$22
50 years$2,519$1,383$721$362$177$19

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 $2,472 every year, while hoping to spend $45,894 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: 51/24/25 Blend
54$2,580,000$2,580,000$2,580,000$2,580,000
55$2,845,710$2,708,970$2,668,980$2,970,770
56$3,087,141$2,792,879$2,709,560$3,141,776
57$3,351,661$2,879,361$2,749,961$3,322,764
58$3,641,575$2,968,494$2,790,129$3,518,634
59$3,959,423$3,060,357$2,830,006$3,730,820
60$4,308,004$3,155,035$2,869,531$3,960,900
61$4,690,398$3,252,610$2,908,638$4,210,608
62$5,110,001$3,353,169$2,947,260$4,481,859
63$5,570,550$3,456,804$2,985,322$4,776,756
64$6,076,165$3,563,606$3,022,749$5,097,618
65$6,631,380$3,673,669$3,059,458$5,446,997
66$7,241,194$3,787,092$3,095,363$5,827,703
67$7,911,112$3,903,976$3,130,374$6,242,834
68$8,647,198$4,024,423$3,164,394$6,695,799
69$9,456,133$4,148,540$3,197,322$7,190,353
70$10,345,277$4,276,438$3,229,050$7,730,634
71$11,322,740$4,408,227$3,259,468$8,321,197
72$12,397,454$4,544,025$3,288,455$8,967,063
73$13,579,263$4,683,951$3,315,887$9,673,760
74$14,879,010$4,828,127$3,341,631$10,447,382
75$16,308,643$4,976,679$3,365,550$11,294,638
76$17,881,326$5,129,738$3,387,497$12,222,922
77$19,611,563$5,287,437$3,407,320$13,240,380
78$21,515,333$5,449,912$3,424,856$14,355,985
79$23,610,245$5,617,305$3,439,937$15,579,627
80$25,915,699$5,789,762$3,452,383$16,922,198
81$28,453,071$5,967,431$3,462,009$18,395,703
82$31,245,915$6,150,467$3,468,617$20,013,366
83$34,320,184$6,339,025$3,472,002$21,789,762
84$37,704,475$6,533,270$3,471,946$23,740,946
85$41,430,298$6,733,367$3,468,223$25,884,612
86$45,532,374$6,939,487$3,460,594$28,240,255
87$50,048,962$7,151,807$3,448,809$30,829,358
88$55,022,219$7,370,508$3,432,607$33,675,592
89$60,498,598$7,595,776$3,411,712$36,805,040
90$66,529,287$7,827,801$3,385,836$40,246,446
91$73,170,691$8,066,780$3,354,678$44,031,482
92$80,484,964$8,312,915$3,317,923$48,195,048
93$88,540,595$8,566,412$3,275,238$52,775,605
94$97,413,054$8,827,486$3,226,277$57,815,532
95$107,185,506$9,096,353$3,170,678$63,361,530
96$117,949,593$9,373,239$3,108,060$69,465,064
97$129,806,297$9,658,374$3,038,026$76,182,843
98$142,866,900$9,951,994$2,960,161$83,577,363
99$157,254,025$10,254,344$2,874,028$91,717,488
100$173,102,801$10,565,671$2,779,173$100,679,110