Can I retire at age 55 with 2,620,000?

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 $2,620,000?

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$216,357$214,430$212,550$210,714$208,922$204,788
2 years$107,108$105,113$103,179$101,305$99,487$95,339
3 years$70,696$68,692$66,764$64,907$63,119$59,086
4 years$52,493$50,496$48,587$46,762$45,017$41,132
5 years$41,575$39,590$37,706$35,918$34,221$30,494
6 years$34,298$32,328$30,472$28,724$27,078$23,513
7 years$29,103$27,149$25,322$23,615$22,022$18,619
8 years$25,208$23,272$21,475$19,810$18,269$15,029
9 years$22,180$20,262$18,497$16,874$15,385$12,305
10 years$19,759$17,860$16,126$14,546$13,109$10,185
11 years$17,780$15,900$14,197$12,659$11,274$8,504
12 years$16,132$14,271$12,599$11,104$9,770$7,149
13 years$14,738$12,897$11,257$9,803$8,520$6,043
14 years$13,544$11,723$10,114$8,702$7,468$5,132
15 years$12,511$10,709$9,132$7,761$6,576$4,375
16 years$11,608$9,825$8,279$6,949$5,812$3,742
17 years$10,811$9,049$7,534$6,243$5,153$3,208
18 years$10,104$8,361$6,877$5,627$4,582$2,757
19 years$9,472$7,749$6,296$5,084$4,084$2,374
20 years$8,905$7,201$5,778$4,605$3,648$2,047
21 years$8,391$6,707$5,315$4,179$3,264$1,768
22 years$7,925$6,261$4,898$3,800$2,926$1,528
23 years$7,501$5,856$4,523$3,460$2,627$1,323
24 years$7,112$5,487$4,183$3,156$2,361$1,146
25 years$6,755$5,149$3,874$2,882$2,124$993
26 years$6,426$4,839$3,593$2,635$1,914$861
27 years$6,121$4,554$3,336$2,412$1,725$748
28 years$5,839$4,291$3,102$2,210$1,557$649
29 years$5,577$4,048$2,886$2,027$1,406$564
30 years$5,333$3,823$2,689$1,860$1,270$490
31 years$5,105$3,614$2,506$1,708$1,148$426
32 years$4,892$3,420$2,339$1,570$1,039$370
33 years$4,692$3,239$2,184$1,444$940$322
34 years$4,504$3,070$2,040$1,328$851$280
35 years$4,328$2,911$1,907$1,223$771$244
36 years$4,161$2,763$1,784$1,126$698$212
37 years$4,004$2,625$1,670$1,038$633$185
38 years$3,856$2,494$1,564$956$574$161
39 years$3,715$2,372$1,465$882$520$140
40 years$3,582$2,257$1,373$813$472$122
41 years$3,456$2,148$1,288$750$428$106
42 years$3,336$2,046$1,208$693$389$92
43 years$3,222$1,949$1,134$639$353$80
44 years$3,113$1,858$1,064$590$320$70
45 years$3,009$1,772$999$545$291$61
46 years$2,911$1,690$938$504$264$53
47 years$2,817$1,613$882$465$240$46
48 years$2,726$1,540$828$430$218$40
49 years$2,640$1,470$779$397$198$35
50 years$2,558$1,405$732$367$180$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,620,000, adding $4,471 every year, while hoping to spend $23,719 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: 63/17/20 Blend
54$2,620,000$2,620,000$2,620,000$2,620,000
55$2,891,852$2,752,992$2,712,382$3,058,922
56$3,161,584$2,862,652$2,778,010$3,281,674
57$3,458,034$2,976,890$2,845,041$3,521,777
58$3,783,901$3,095,906$2,913,498$3,783,453
59$4,142,162$3,219,907$2,983,403$4,068,809
60$4,536,092$3,349,113$3,054,777$4,380,162
61$4,969,303$3,483,749$3,127,642$4,720,066
62$5,445,774$3,624,054$3,202,019$5,091,328
63$5,969,887$3,770,277$3,277,931$5,497,042
64$6,546,472$3,922,677$3,355,398$5,940,610
65$7,180,849$4,081,526$3,434,442$6,425,779
66$7,878,883$4,247,107$3,515,082$6,956,676
67$8,647,031$4,419,718$3,597,340$7,537,841
68$9,492,413$4,599,669$3,681,235$8,174,276
69$10,422,870$4,787,284$3,766,788$8,871,488
70$11,447,044$4,982,902$3,854,016$9,635,540
71$12,574,457$5,186,878$3,942,940$10,473,110
72$13,815,600$5,399,583$4,033,577$11,391,553
73$15,182,033$5,621,406$4,125,944$12,398,967
74$16,686,497$5,852,750$4,220,059$13,504,271
75$18,343,026$6,094,041$4,315,938$14,717,291
76$20,167,088$6,345,723$4,413,595$16,048,846
77$22,175,726$6,608,258$4,513,045$17,510,855
78$24,387,720$6,882,133$4,614,303$19,116,445
79$26,823,765$7,167,856$4,717,380$20,880,077
80$29,506,665$7,465,956$4,822,287$22,817,680
81$32,461,546$7,776,990$4,929,036$24,946,800
82$35,716,100$8,101,538$5,037,634$27,286,767
83$39,300,837$8,440,208$5,148,090$29,858,875
84$43,249,381$8,793,637$5,260,410$32,686,580
85$47,598,782$9,162,490$5,374,598$35,795,725
86$52,389,868$9,547,462$5,490,657$39,214,781
87$57,667,629$9,949,282$5,608,588$42,975,112
88$63,481,642$10,368,712$5,728,391$47,111,274
89$69,886,540$10,806,549$5,850,063$51,661,338
90$76,942,526$11,263,628$5,973,598$56,667,247
91$84,715,940$11,740,822$6,098,990$62,175,215
92$93,279,888$12,239,045$6,226,229$68,236,157
93$102,714,931$12,759,253$6,355,302$74,906,171
94$113,109,845$13,302,447$6,486,195$82,247,065
95$124,562,456$13,869,673$6,618,889$90,326,941
96$137,180,568$14,462,030$6,753,364$99,220,834
97$151,082,980$15,080,663$6,889,595$109,011,420
98$166,400,602$15,726,774$7,027,555$119,789,795
99$183,277,698$16,401,619$7,167,212$131,656,331
100$201,873,240$17,106,516$7,308,531$144,721,626