Can I retire at age 55 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$215,531$213,612$211,738$209,910$208,125$205,952
2 years$106,699$104,712$102,786$100,918$99,107$96,918
3 years$70,426$68,430$66,509$64,659$62,878$60,741
4 years$52,293$50,303$48,402$46,583$44,845$42,778
5 years$41,416$39,438$37,562$35,781$34,090$32,098
6 years$34,167$32,204$30,355$28,614$26,975$25,060
7 years$28,992$27,045$25,225$23,525$21,938$20,102
8 years$25,112$23,183$21,393$19,735$18,199$16,442
9 years$22,095$20,185$18,426$16,810$15,326$13,646
10 years$19,684$17,792$16,064$14,490$13,059$11,455
11 years$17,712$15,839$14,143$12,611$11,231$9,703
12 years$16,070$14,216$12,551$11,061$9,733$8,278
13 years$14,682$12,847$11,214$9,765$8,487$7,104
14 years$13,493$11,678$10,076$8,669$7,440$6,127
15 years$12,463$10,668$9,097$7,731$6,550$5,306
16 years$11,563$9,788$8,248$6,922$5,789$4,611
17 years$10,770$9,014$7,505$6,220$5,133$4,019
18 years$10,066$8,329$6,851$5,605$4,564$3,511
19 years$9,436$7,720$6,272$5,065$4,068$3,074
20 years$8,871$7,173$5,756$4,587$3,634$2,697
21 years$8,359$6,682$5,294$4,163$3,252$2,370
22 years$7,895$6,237$4,880$3,785$2,915$2,085
23 years$7,472$5,834$4,505$3,447$2,617$1,837
24 years$7,085$5,466$4,167$3,144$2,352$1,620
25 years$6,729$5,129$3,859$2,871$2,116$1,430
26 years$6,401$4,821$3,579$2,625$1,906$1,263
27 years$6,098$4,537$3,324$2,403$1,719$1,117
28 years$5,817$4,275$3,090$2,202$1,551$988
29 years$5,556$4,033$2,875$2,019$1,400$874
30 years$5,313$3,809$2,678$1,853$1,265$774
31 years$5,086$3,600$2,497$1,702$1,144$686
32 years$4,873$3,407$2,330$1,564$1,035$608
33 years$4,674$3,226$2,175$1,438$936$539
34 years$4,487$3,058$2,032$1,323$848$478
35 years$4,311$2,900$1,900$1,218$768$424
36 years$4,145$2,753$1,778$1,122$696$376
37 years$3,989$2,615$1,664$1,034$631$334
38 years$3,841$2,485$1,558$953$572$296
39 years$3,701$2,363$1,460$879$518$263
40 years$3,568$2,248$1,368$810$470$234
41 years$3,442$2,140$1,283$748$427$207
42 years$3,323$2,038$1,203$690$387$184
43 years$3,209$1,942$1,129$637$351$164
44 years$3,101$1,851$1,060$588$319$145
45 years$2,998$1,765$995$543$290$129
46 years$2,900$1,684$935$502$263$115
47 years$2,806$1,607$878$463$239$102
48 years$2,716$1,534$825$428$217$91
49 years$2,630$1,465$776$396$197$80
50 years$2,548$1,399$729$366$179$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,610,000, adding $4,132 every year, while hoping to spend $50,514 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: 37/35/28 Blend
54$2,610,000$2,610,000$2,610,000$2,610,000
55$2,880,482$2,742,152$2,701,697$2,962,812
56$3,120,545$2,822,771$2,738,458$3,104,660
57$3,383,401$2,905,647$2,774,756$3,252,878
58$3,671,322$2,990,838$2,810,525$3,412,016
59$3,986,810$3,078,402$2,845,690$3,583,094
60$4,332,619$3,168,398$2,880,175$3,767,235
61$4,711,784$3,260,888$2,913,899$3,965,676
62$5,127,647$3,355,933$2,946,776$4,179,776
63$5,583,889$3,453,595$2,978,715$4,411,035
64$6,084,564$3,553,940$3,009,620$4,661,100
65$6,634,138$3,657,031$3,039,391$4,931,788
66$7,237,530$3,762,936$3,067,921$5,225,098
67$7,900,160$3,871,722$3,095,098$5,543,232
68$8,627,997$3,983,456$3,120,804$5,888,615
69$9,427,616$4,098,210$3,144,915$6,263,919
70$10,306,263$4,216,052$3,167,300$6,672,085
71$11,271,919$4,337,056$3,187,821$7,116,354
72$12,333,376$4,461,292$3,206,334$7,600,297
73$13,500,320$4,588,836$3,222,686$8,127,845
74$14,783,424$4,719,760$3,236,718$8,703,332
75$16,194,447$4,854,142$3,248,261$9,331,531
76$17,746,341$4,992,055$3,257,139$10,017,700
77$19,453,381$5,133,579$3,263,166$10,767,636
78$21,331,292$5,278,790$3,266,148$11,587,721
79$23,397,400$5,427,767$3,265,880$12,484,990
80$25,670,796$5,580,589$3,262,148$13,467,195
81$28,172,514$5,737,335$3,254,727$14,542,877
82$30,925,731$5,898,086$3,243,382$15,721,446
83$33,955,985$6,062,921$3,227,864$17,013,275
84$37,291,414$6,231,922$3,207,916$18,429,790
85$40,963,021$6,405,169$3,183,264$19,983,584
86$45,004,971$6,582,744$3,153,625$21,688,536
87$49,454,906$6,764,727$3,118,700$23,559,937
88$54,354,308$6,951,200$3,078,177$25,614,640
89$59,748,880$7,142,242$3,031,730$27,871,217
90$65,688,988$7,337,934$2,979,015$30,350,133
91$72,230,127$7,538,355$2,919,674$33,073,942
92$79,433,449$7,743,583$2,853,332$36,067,499
93$87,366,340$7,953,698$2,779,597$39,358,194
94$96,103,052$8,168,774$2,698,059$42,976,213
95$105,725,406$8,388,887$2,608,287$46,954,822
96$116,323,566$8,614,111$2,509,833$51,330,681
97$127,996,885$8,844,517$2,402,227$56,144,190
98$140,854,843$9,080,175$2,284,979$61,439,875
99$155,018,086$9,321,152$2,157,574$67,266,802
100$170,619,554$9,567,512$2,019,476$73,679,046