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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.8%
1 years$214,706$212,793$210,927$209,106$207,328$203,225
2 years$106,290$104,310$102,392$100,532$98,727$94,611
3 years$70,156$68,168$66,254$64,412$62,637$58,635
4 years$52,093$50,111$48,216$46,405$44,673$40,818
5 years$41,257$39,287$37,418$35,643$33,960$30,261
6 years$34,036$32,081$30,239$28,504$26,871$23,333
7 years$28,880$26,942$25,129$23,435$21,853$18,477
8 years$25,015$23,094$21,311$19,659$18,130$14,914
9 years$22,011$20,107$18,355$16,745$15,268$12,211
10 years$19,608$17,724$16,003$14,434$13,009$10,107
11 years$17,644$15,778$14,088$12,562$11,188$8,439
12 years$16,008$14,162$12,503$11,019$9,695$7,094
13 years$14,625$12,798$11,171$9,728$8,455$5,997
14 years$13,441$11,633$10,037$8,635$7,411$5,093
15 years$12,415$10,627$9,062$7,701$6,525$4,342
16 years$11,519$9,750$8,216$6,896$5,767$3,713
17 years$10,729$8,980$7,476$6,196$5,114$3,184
18 years$10,027$8,298$6,825$5,584$4,547$2,736
19 years$9,400$7,690$6,248$5,045$4,053$2,356
20 years$8,837$7,146$5,734$4,569$3,620$2,031
21 years$8,327$6,656$5,274$4,147$3,239$1,754
22 years$7,865$6,213$4,861$3,771$2,904$1,517
23 years$7,443$5,811$4,488$3,434$2,606$1,313
24 years$7,058$5,445$4,151$3,132$2,343$1,137
25 years$6,703$5,110$3,845$2,860$2,108$986
26 years$6,377$4,802$3,566$2,615$1,899$855
27 years$6,075$4,519$3,311$2,394$1,712$742
28 years$5,795$4,259$3,078$2,193$1,545$644
29 years$5,535$4,018$2,864$2,011$1,395$560
30 years$5,292$3,794$2,668$1,846$1,260$486
31 years$5,066$3,587$2,487$1,695$1,140$423
32 years$4,855$3,394$2,321$1,558$1,031$368
33 years$4,656$3,214$2,167$1,433$933$320
34 years$4,470$3,046$2,025$1,318$845$278
35 years$4,295$2,889$1,893$1,213$765$242
36 years$4,129$2,742$1,771$1,118$693$211
37 years$3,974$2,604$1,657$1,030$628$183
38 years$3,826$2,475$1,552$949$570$159
39 years$3,687$2,354$1,454$875$516$139
40 years$3,555$2,239$1,363$807$468$121
41 years$3,429$2,132$1,278$745$425$105
42 years$3,310$2,030$1,199$687$386$92
43 years$3,197$1,934$1,125$634$350$80
44 years$3,089$1,844$1,056$586$318$69
45 years$2,986$1,758$991$541$288$60
46 years$2,889$1,677$931$500$262$53
47 years$2,795$1,601$875$462$238$46
48 years$2,706$1,528$822$427$216$40
49 years$2,620$1,459$773$394$196$35
50 years$2,539$1,394$726$364$178$30

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 $6,357 every year, while hoping to spend $34,603 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: 31/41/28 Blend
54$2,600,000$2,600,000$2,600,000$2,600,000
55$2,871,757$2,733,957$2,693,657$2,935,987
56$3,127,859$2,831,104$2,747,077$3,083,367
57$3,408,924$2,931,851$2,801,127$3,238,427
58$3,717,461$3,036,338$2,855,792$3,404,660
59$4,056,234$3,144,711$2,911,054$3,583,069
60$4,428,290$3,257,122$2,966,894$3,774,754
61$4,836,983$3,373,728$3,023,292$3,980,923
62$5,286,007$3,494,693$3,080,225$4,202,903
63$5,779,436$3,620,189$3,137,668$4,442,151
64$6,321,753$3,750,393$3,195,594$4,700,268
65$6,917,900$3,885,491$3,253,975$4,979,013
66$7,573,322$4,025,675$3,312,779$5,280,320
67$8,294,014$4,171,147$3,371,971$5,606,314
68$9,086,586$4,322,116$3,431,514$5,959,333
69$9,958,318$4,478,799$3,491,370$6,341,946
70$10,917,231$4,641,425$3,551,495$6,756,978
71$11,972,162$4,810,229$3,611,844$7,207,538
72$13,132,850$4,985,457$3,672,368$7,697,044
73$14,410,023$5,167,367$3,733,015$8,229,255
74$15,815,502$5,356,225$3,793,728$8,808,311
75$17,362,314$5,552,311$3,854,449$9,438,762
76$19,064,810$5,755,914$3,915,113$10,125,619
77$20,938,805$5,967,337$3,975,653$10,874,395
78$23,001,722$6,186,896$4,035,996$11,691,157
79$25,272,762$6,414,919$4,096,066$12,582,583
80$27,773,082$6,651,747$4,155,783$13,556,025
81$30,525,992$6,897,740$4,215,058$14,619,576
82$33,557,182$7,153,267$4,273,801$15,782,143
83$36,894,955$7,418,718$4,331,914$17,053,536
84$40,570,502$7,694,497$4,389,294$18,444,555
85$44,618,191$7,981,025$4,445,833$19,967,089
86$49,075,893$8,278,742$4,501,415$21,634,233
87$53,985,341$8,588,106$4,555,919$23,460,405
88$59,392,518$8,909,596$4,609,215$25,461,483
89$65,348,099$9,243,711$4,661,168$27,654,953
90$71,907,922$9,590,969$4,711,634$30,060,073
91$79,133,518$9,951,914$4,760,461$32,698,053
92$87,092,691$10,327,112$4,807,491$35,592,254
93$95,860,157$10,717,152$4,852,553$38,768,404
94$105,518,251$11,122,651$4,895,472$42,254,846
95$116,157,702$11,544,250$4,936,060$46,082,797
96$127,878,490$11,982,621$4,974,120$50,286,642
97$140,790,788$12,438,461$5,009,445$54,904,261
98$155,016,004$12,912,502$5,041,817$59,977,380
99$170,687,926$13,405,504$5,071,008$65,551,965
100$187,953,983$13,918,262$5,096,775$71,678,653