Can I retire at age 55 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$214,706$212,793$210,927$209,106$207,328$205,935
2 years$106,290$104,310$102,392$100,532$98,727$97,323
3 years$70,156$68,168$66,254$64,412$62,637$61,264
4 years$52,093$50,111$48,216$46,405$44,673$43,342
5 years$41,257$39,287$37,418$35,643$33,960$32,675
6 years$34,036$32,081$30,239$28,504$26,871$25,634
7 years$28,880$26,942$25,129$23,435$21,853$20,665
8 years$25,015$23,094$21,311$19,659$18,130$16,989
9 years$22,011$20,107$18,355$16,745$15,268$14,175
10 years$19,608$17,724$16,003$14,434$13,009$11,964
11 years$17,644$15,778$14,088$12,562$11,188$10,190
12 years$16,008$14,162$12,503$11,019$9,695$8,743
13 years$14,625$12,798$11,171$9,728$8,455$7,547
14 years$13,441$11,633$10,037$8,635$7,411$6,548
15 years$12,415$10,627$9,062$7,701$6,525$5,705
16 years$11,519$9,750$8,216$6,896$5,767$4,988
17 years$10,729$8,980$7,476$6,196$5,114$4,374
18 years$10,027$8,298$6,825$5,584$4,547$3,847
19 years$9,400$7,690$6,248$5,045$4,053$3,390
20 years$8,837$7,146$5,734$4,569$3,620$2,993
21 years$8,327$6,656$5,274$4,147$3,239$2,648
22 years$7,865$6,213$4,861$3,771$2,904$2,346
23 years$7,443$5,811$4,488$3,434$2,606$2,081
24 years$7,058$5,445$4,151$3,132$2,343$1,848
25 years$6,703$5,110$3,845$2,860$2,108$1,642
26 years$6,377$4,802$3,566$2,615$1,899$1,461
27 years$6,075$4,519$3,311$2,394$1,712$1,301
28 years$5,795$4,259$3,078$2,193$1,545$1,159
29 years$5,535$4,018$2,864$2,011$1,395$1,034
30 years$5,292$3,794$2,668$1,846$1,260$922
31 years$5,066$3,587$2,487$1,695$1,140$823
32 years$4,855$3,394$2,321$1,558$1,031$735
33 years$4,656$3,214$2,167$1,433$933$656
34 years$4,470$3,046$2,025$1,318$845$586
35 years$4,295$2,889$1,893$1,213$765$524
36 years$4,129$2,742$1,771$1,118$693$469
37 years$3,974$2,604$1,657$1,030$628$419
38 years$3,826$2,475$1,552$949$570$375
39 years$3,687$2,354$1,454$875$516$335
40 years$3,555$2,239$1,363$807$468$300
41 years$3,429$2,132$1,278$745$425$268
42 years$3,310$2,030$1,199$687$386$240
43 years$3,197$1,934$1,125$634$350$215
44 years$3,089$1,844$1,056$586$318$193
45 years$2,986$1,758$991$541$288$172
46 years$2,889$1,677$931$500$262$154
47 years$2,795$1,601$875$462$238$138
48 years$2,706$1,528$822$427$216$124
49 years$2,620$1,459$773$394$196$111
50 years$2,539$1,394$726$364$178$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,600,000, adding $5,398 every year, while hoping to spend $58,429 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: 52/34/14 Blend
54$2,600,000$2,600,000$2,600,000$2,600,000
55$2,870,768$2,732,968$2,692,668$3,008,993
56$3,101,418$2,804,715$2,720,704$3,175,850
57$3,353,637$2,878,020$2,747,722$3,350,581
58$3,629,561$2,952,897$2,773,624$3,539,300
59$3,931,547$3,029,359$2,798,311$3,743,348
60$4,262,185$3,107,418$2,821,675$3,964,198
61$4,624,332$3,187,086$2,843,605$4,203,475
62$5,021,131$3,268,370$2,863,983$4,462,966
63$5,456,045$3,351,279$2,882,685$4,744,641
64$5,932,887$3,435,817$2,899,580$5,050,667
65$6,455,857$3,521,987$2,914,531$5,383,433
66$7,029,581$3,609,791$2,927,395$5,745,570
67$7,659,155$3,699,227$2,938,019$6,139,975
68$8,350,190$3,790,291$2,946,244$6,569,840
69$9,108,870$3,882,976$2,951,904$7,038,681
70$9,942,005$3,977,272$2,954,823$7,550,373
71$10,857,096$4,073,165$2,954,816$8,109,182
72$11,862,408$4,170,639$2,951,691$8,719,811
73$12,967,046$4,269,672$2,945,244$9,387,440
74$14,181,039$4,370,240$2,935,264$10,117,778
75$15,515,437$4,472,313$2,921,527$10,917,114
76$16,982,413$4,575,858$2,903,800$11,792,378
77$18,595,379$4,680,836$2,881,838$12,751,206
78$20,369,112$4,787,201$2,855,384$13,802,014
79$22,319,892$4,894,904$2,824,169$14,954,074
80$24,465,654$5,003,888$2,787,912$16,217,603
81$26,826,162$5,114,089$2,746,318$17,603,862
82$29,423,189$5,225,439$2,699,079$19,125,257
83$32,280,728$5,337,858$2,645,871$20,795,464
84$35,425,211$5,451,262$2,586,357$22,629,551
85$38,885,764$5,565,556$2,520,182$24,644,123
86$42,694,480$5,680,636$2,446,976$26,857,480
87$46,886,720$5,796,390$2,366,352$29,289,790
88$51,501,446$5,912,694$2,277,906$31,963,277
89$56,581,592$6,029,414$2,181,214$34,902,436
90$62,174,462$6,146,404$2,075,833$38,134,258
91$68,332,185$6,263,504$1,961,300$41,688,490
92$75,112,196$6,380,545$1,837,132$45,597,917
93$82,577,788$6,497,339$1,702,824$49,898,668
94$90,798,701$6,613,687$1,557,847$54,630,558
95$99,851,783$6,729,373$1,401,650$59,837,470
96$109,821,715$6,844,163$1,233,656$65,567,763
97$120,801,810$6,957,806$1,053,263$71,874,731
98$132,894,890$7,070,034$859,843$78,817,110
99$146,214,260$7,180,557$652,739$86,459,631
100$160,884,775$7,289,065$431,266$94,873,631