Can I retire at age 55 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$213,880$211,975$210,116$208,302$206,530$200,724
2 years$105,881$103,909$101,998$100,145$98,348$92,542
3 years$69,886$67,906$65,999$64,164$62,396$56,773
4 years$51,892$49,918$48,031$46,226$44,501$39,104
5 years$41,099$39,136$37,274$35,506$33,829$28,673
6 years$33,905$31,958$30,123$28,395$26,768$21,857
7 years$28,769$26,838$25,032$23,345$21,769$17,104
8 years$24,919$23,005$21,229$19,583$18,060$13,637
9 years$21,926$20,030$18,285$16,681$15,209$11,025
10 years$19,533$17,656$15,941$14,379$12,959$9,008
11 years$17,576$15,718$14,034$12,514$11,145$7,421
12 years$15,947$14,107$12,455$10,976$9,658$6,153
13 years$14,569$12,749$11,128$9,691$8,422$5,129
14 years$13,389$11,588$9,998$8,602$7,383$4,294
15 years$12,368$10,586$9,027$7,672$6,500$3,607
16 years$11,475$9,713$8,184$6,869$5,745$3,039
17 years$10,688$8,945$7,448$6,172$5,094$2,566
18 years$9,989$8,266$6,799$5,562$4,529$2,172
19 years$9,364$7,660$6,224$5,026$4,037$1,841
20 years$8,803$7,118$5,712$4,552$3,606$1,562
21 years$8,295$6,631$5,254$4,131$3,227$1,328
22 years$7,835$6,189$4,842$3,756$2,892$1,129
23 years$7,415$5,789$4,471$3,421$2,596$961
24 years$7,030$5,424$4,135$3,120$2,334$819
25 years$6,677$5,090$3,830$2,849$2,100$698
26 years$6,352$4,784$3,552$2,605$1,892$595
27 years$6,051$4,502$3,298$2,385$1,705$508
28 years$5,773$4,242$3,066$2,185$1,539$434
29 years$5,513$4,002$2,853$2,004$1,390$370
30 years$5,272$3,780$2,658$1,839$1,256$316
31 years$5,047$3,573$2,478$1,689$1,135$270
32 years$4,836$3,381$2,312$1,552$1,027$231
33 years$4,638$3,202$2,159$1,427$929$197
34 years$4,453$3,034$2,017$1,313$841$169
35 years$4,278$2,878$1,886$1,209$762$144
36 years$4,114$2,732$1,764$1,113$690$123
37 years$3,958$2,594$1,651$1,026$626$105
38 years$3,811$2,466$1,546$945$567$90
39 years$3,673$2,345$1,448$872$514$77
40 years$3,541$2,231$1,358$804$467$66
41 years$3,416$2,123$1,273$742$423$56
42 years$3,297$2,022$1,194$685$384$48
43 years$3,185$1,927$1,121$632$349$41
44 years$3,077$1,837$1,052$584$316$35
45 years$2,975$1,751$988$539$287$30
46 years$2,877$1,671$928$498$261$26
47 years$2,784$1,594$871$460$237$22
48 years$2,695$1,522$819$425$215$19
49 years$2,610$1,454$770$393$195$16
50 years$2,529$1,388$724$363$177$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,590,000, adding $3,616 every year, while hoping to spend $27,493 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: 54/20/26 Blend
54$2,590,000$2,590,000$2,590,000$2,590,000
55$2,857,910$2,720,640$2,680,495$2,991,477
56$3,120,164$2,824,699$2,741,039$3,188,067
57$3,408,247$2,932,935$2,802,690$3,398,841
58$3,724,764$3,045,525$2,865,456$3,627,751
59$4,072,586$3,162,651$2,929,344$3,876,545
60$4,454,873$3,284,505$2,994,361$4,147,147
61$4,875,111$3,411,287$3,060,513$4,441,673
62$5,337,138$3,543,204$3,127,805$4,762,454
63$5,845,181$3,680,476$3,196,242$5,112,051
64$6,403,899$3,823,330$3,265,826$5,493,286
65$7,018,426$3,972,002$3,336,560$5,909,264
66$7,694,416$4,126,741$3,408,446$6,363,403
67$8,438,101$4,287,806$3,481,483$6,859,464
68$9,256,346$4,455,467$3,555,672$7,401,591
69$10,156,715$4,630,006$3,631,008$7,994,343
70$11,147,542$4,811,719$3,707,489$8,642,741
71$12,238,012$5,000,914$3,785,110$9,352,312
72$13,438,242$5,197,911$3,863,864$10,129,145
73$14,759,382$5,403,048$3,943,743$10,979,943
74$16,213,717$5,616,676$4,024,736$11,912,086
75$17,814,784$5,839,160$4,106,833$12,933,705
76$19,577,498$6,070,886$4,190,019$14,053,752
77$21,518,296$6,312,253$4,274,277$15,282,088
78$23,655,289$6,563,679$4,359,592$16,629,574
79$26,008,431$6,825,602$4,445,941$18,108,170
80$28,599,713$7,098,479$4,533,303$19,731,054
81$31,453,367$7,382,788$4,621,651$21,512,736
82$34,596,092$7,679,026$4,710,958$23,469,205
83$38,057,312$7,987,717$4,801,194$25,618,070
84$41,869,447$8,309,404$4,892,323$27,978,730
85$46,068,224$8,644,658$4,984,309$30,572,553
86$50,693,011$8,994,075$5,077,112$33,423,083
87$55,787,191$9,358,277$5,170,687$36,556,253
88$61,398,566$9,737,914$5,264,987$40,000,635
89$67,579,816$10,133,668$5,359,960$43,787,706
90$74,388,989$10,546,250$5,455,551$47,952,143
91$81,890,053$10,976,403$5,551,699$52,532,153
92$90,153,497$11,424,905$5,648,339$57,569,828
93$99,256,998$11,892,570$5,745,403$63,111,544
94$109,286,153$12,380,247$5,842,815$69,208,398
95$120,335,287$12,888,826$5,940,497$75,916,685
96$132,508,345$13,419,237$6,038,362$83,298,433
97$145,919,869$13,972,452$6,136,319$91,421,984
98$160,696,081$14,549,489$6,234,272$100,362,637
99$176,976,078$15,151,410$6,332,116$110,203,362
100$194,913,138$15,779,329$6,429,742$121,035,575