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%15%
1 years$216,357$214,430$212,550$210,714$208,922$204,621
2 years$107,108$105,113$103,179$101,305$99,487$95,172
3 years$70,696$68,692$66,764$64,907$63,119$58,926
4 years$52,493$50,496$48,587$46,762$45,017$40,978
5 years$41,575$39,590$37,706$35,918$34,221$30,348
6 years$34,298$32,328$30,472$28,724$27,078$23,375
7 years$29,103$27,149$25,322$23,615$22,022$18,490
8 years$25,208$23,272$21,475$19,810$18,269$14,907
9 years$22,180$20,262$18,497$16,874$15,385$12,190
10 years$19,759$17,860$16,126$14,546$13,109$10,078
11 years$17,780$15,900$14,197$12,659$11,274$8,404
12 years$16,132$14,271$12,599$11,104$9,770$7,055
13 years$14,738$12,897$11,257$9,803$8,520$5,957
14 years$13,544$11,723$10,114$8,702$7,468$5,052
15 years$12,511$10,709$9,132$7,761$6,576$4,301
16 years$11,608$9,825$8,279$6,949$5,812$3,672
17 years$10,811$9,049$7,534$6,243$5,153$3,144
18 years$10,104$8,361$6,877$5,627$4,582$2,698
19 years$9,472$7,749$6,296$5,084$4,084$2,320
20 years$8,905$7,201$5,778$4,605$3,648$1,997
21 years$8,391$6,707$5,315$4,179$3,264$1,722
22 years$7,925$6,261$4,898$3,800$2,926$1,487
23 years$7,501$5,856$4,523$3,460$2,627$1,285
24 years$7,112$5,487$4,183$3,156$2,361$1,111
25 years$6,755$5,149$3,874$2,882$2,124$962
26 years$6,426$4,839$3,593$2,635$1,914$833
27 years$6,121$4,554$3,336$2,412$1,725$722
28 years$5,839$4,291$3,102$2,210$1,557$626
29 years$5,577$4,048$2,886$2,027$1,406$543
30 years$5,333$3,823$2,689$1,860$1,270$471
31 years$5,105$3,614$2,506$1,708$1,148$408
32 years$4,892$3,420$2,339$1,570$1,039$355
33 years$4,692$3,239$2,184$1,444$940$308
34 years$4,504$3,070$2,040$1,328$851$267
35 years$4,328$2,911$1,907$1,223$771$232
36 years$4,161$2,763$1,784$1,126$698$202
37 years$4,004$2,625$1,670$1,038$633$175
38 years$3,856$2,494$1,564$956$574$152
39 years$3,715$2,372$1,465$882$520$132
40 years$3,582$2,257$1,373$813$472$115
41 years$3,456$2,148$1,288$750$428$100
42 years$3,336$2,046$1,208$693$389$87
43 years$3,222$1,949$1,134$639$353$76
44 years$3,113$1,858$1,064$590$320$66
45 years$3,009$1,772$999$545$291$57
46 years$2,911$1,690$938$504$264$50
47 years$2,817$1,613$882$465$240$43
48 years$2,726$1,540$828$430$218$38
49 years$2,640$1,470$779$397$198$33
50 years$2,558$1,405$732$367$180$28

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 $3,174 every year, while hoping to spend $22,717 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: 70/11/19 Blend
54$2,620,000$2,620,000$2,620,000$2,620,000
55$2,890,514$2,751,654$2,711,044$3,079,338
56$3,161,176$2,862,314$2,777,693$3,316,265
57$3,458,684$2,977,636$2,845,814$3,572,509
58$3,785,752$3,097,822$2,915,431$3,852,414
59$4,145,371$3,223,088$2,986,571$4,158,315
60$4,540,836$3,353,656$3,059,258$4,492,785
61$4,975,776$3,489,760$3,133,518$4,858,657
62$5,454,191$3,631,644$3,209,376$5,259,048
63$5,980,487$3,779,564$3,286,859$5,697,393
64$6,559,519$3,933,785$3,365,991$6,177,471
65$7,196,637$4,094,587$3,446,799$6,703,448
66$7,897,734$4,262,263$3,529,307$7,279,908
67$8,669,306$4,437,116$3,613,541$7,911,901
68$9,518,506$4,619,465$3,699,526$8,604,989
69$10,453,220$4,809,646$3,787,287$9,365,298
70$11,482,136$5,008,006$3,876,848$10,199,573
71$12,614,825$5,214,910$3,968,234$11,115,248
72$13,861,837$5,430,740$4,061,470$12,120,506
73$15,234,793$5,655,895$4,156,578$13,224,365
74$16,746,501$5,890,792$4,253,582$14,436,756
75$18,411,072$6,135,870$4,352,505$15,768,622
76$20,244,057$6,391,583$4,453,370$17,232,014
77$22,262,591$6,658,410$4,556,198$18,840,210
78$24,485,555$6,936,852$4,661,010$20,607,836
79$26,933,755$7,227,431$4,767,827$22,551,008
80$29,630,118$7,530,695$4,876,669$24,687,478
81$32,599,907$7,847,216$4,987,554$27,036,803
82$35,870,961$8,177,593$5,100,501$29,620,533
83$39,473,957$8,522,453$5,215,526$32,462,406
84$43,442,700$8,882,453$5,332,645$35,588,580
85$47,814,440$9,258,278$5,451,874$39,027,870
86$52,630,226$9,650,647$5,573,225$42,812,027
87$57,935,292$10,060,311$5,696,710$46,976,035
88$63,779,483$10,488,058$5,822,342$51,558,437
89$70,217,728$10,934,710$5,950,127$56,601,701
90$77,310,555$11,401,129$6,080,075$62,152,622
91$85,124,664$11,888,218$6,212,191$68,262,755
92$93,733,559$12,396,919$6,346,478$74,988,912
93$103,218,235$12,928,222$6,482,938$82,393,688
94$113,667,950$13,483,159$6,621,571$90,546,054
95$125,181,061$14,062,814$6,762,375$99,522,009
96$137,865,958$14,668,321$6,905,342$109,405,294
97$151,842,081$15,300,864$7,050,467$120,288,181
98$167,241,054$15,961,687$7,197,738$132,272,346
99$184,207,921$16,652,089$7,347,142$145,469,823
100$202,902,519$17,373,432$7,498,662$160,004,065