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%16.9%
1 years$216,357$214,430$212,550$210,714$208,922$203,049
2 years$107,108$105,113$103,179$101,305$99,487$93,614
3 years$70,696$68,692$66,764$64,907$63,119$57,430
4 years$52,493$50,496$48,587$46,762$45,017$39,557
5 years$41,575$39,590$37,706$35,918$34,221$29,005
6 years$34,298$32,328$30,472$28,724$27,078$22,110
7 years$29,103$27,149$25,322$23,615$22,022$17,302
8 years$25,208$23,272$21,475$19,810$18,269$13,795
9 years$22,180$20,262$18,497$16,874$15,385$11,153
10 years$19,759$17,860$16,126$14,546$13,109$9,112
11 years$17,780$15,900$14,197$12,659$11,274$7,507
12 years$16,132$14,271$12,599$11,104$9,770$6,225
13 years$14,738$12,897$11,257$9,803$8,520$5,189
14 years$13,544$11,723$10,114$8,702$7,468$4,344
15 years$12,511$10,709$9,132$7,761$6,576$3,649
16 years$11,608$9,825$8,279$6,949$5,812$3,074
17 years$10,811$9,049$7,534$6,243$5,153$2,596
18 years$10,104$8,361$6,877$5,627$4,582$2,197
19 years$9,472$7,749$6,296$5,084$4,084$1,862
20 years$8,905$7,201$5,778$4,605$3,648$1,580
21 years$8,391$6,707$5,315$4,179$3,264$1,343
22 years$7,925$6,261$4,898$3,800$2,926$1,142
23 years$7,501$5,856$4,523$3,460$2,627$973
24 years$7,112$5,487$4,183$3,156$2,361$829
25 years$6,755$5,149$3,874$2,882$2,124$706
26 years$6,426$4,839$3,593$2,635$1,914$602
27 years$6,121$4,554$3,336$2,412$1,725$514
28 years$5,839$4,291$3,102$2,210$1,557$439
29 years$5,577$4,048$2,886$2,027$1,406$375
30 years$5,333$3,823$2,689$1,860$1,270$320
31 years$5,105$3,614$2,506$1,708$1,148$273
32 years$4,892$3,420$2,339$1,570$1,039$234
33 years$4,692$3,239$2,184$1,444$940$200
34 years$4,504$3,070$2,040$1,328$851$171
35 years$4,328$2,911$1,907$1,223$771$146
36 years$4,161$2,763$1,784$1,126$698$125
37 years$4,004$2,625$1,670$1,038$633$107
38 years$3,856$2,494$1,564$956$574$91
39 years$3,715$2,372$1,465$882$520$78
40 years$3,582$2,257$1,373$813$472$67
41 years$3,456$2,148$1,288$750$428$57
42 years$3,336$2,046$1,208$693$389$49
43 years$3,222$1,949$1,134$639$353$42
44 years$3,113$1,858$1,064$590$320$36
45 years$3,009$1,772$999$545$291$30
46 years$2,911$1,690$938$504$264$26
47 years$2,817$1,613$882$465$240$22
48 years$2,726$1,540$828$430$218$19
49 years$2,640$1,470$779$397$198$16
50 years$2,558$1,405$732$367$180$14

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 $2,273 every year, while hoping to spend $34,560 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: 55/34/11 Blend
54$2,620,000$2,620,000$2,620,000$2,620,000
55$2,889,585$2,750,725$2,710,115$3,040,371
56$3,147,551$2,848,739$2,764,132$3,240,813
57$3,430,671$2,950,397$2,818,800$3,454,973
58$3,741,475$3,055,842$2,874,106$3,687,338
59$4,082,748$3,165,221$2,930,031$3,939,647
60$4,457,560$3,278,688$2,986,559$4,213,813
61$4,869,291$3,396,404$3,043,669$4,511,941
62$5,321,667$3,518,536$3,101,339$4,836,345
63$5,818,790$3,645,257$3,159,547$5,189,571
64$6,365,180$3,776,748$3,218,265$5,574,421
65$6,965,817$3,913,197$3,277,466$5,993,977
66$7,626,188$4,054,802$3,337,119$6,451,631
67$8,352,337$4,201,765$3,397,190$6,951,116
68$9,150,924$4,354,301$3,457,645$7,496,541
69$10,029,287$4,512,630$3,518,445$8,092,427
70$10,995,509$4,676,983$3,579,547$8,743,751
71$12,058,498$4,847,602$3,640,909$9,455,994
72$13,228,067$5,024,737$3,702,482$10,235,188
73$14,515,030$5,208,649$3,764,215$11,087,974
74$15,931,300$5,399,610$3,826,053$12,021,664
75$17,490,006$5,597,904$3,887,939$13,044,309
76$19,205,612$5,803,827$3,949,810$14,164,775
77$21,094,055$6,017,686$4,011,600$15,392,825
78$23,172,899$6,239,802$4,073,239$16,739,209
79$25,461,492$6,470,510$4,134,650$18,215,767
80$27,981,159$6,710,159$4,195,755$19,835,537
81$30,755,393$6,959,113$4,256,469$21,612,881
82$33,810,083$7,217,750$4,316,701$23,563,614
83$37,173,758$7,486,466$4,376,357$25,705,158
84$40,877,852$7,765,674$4,435,335$28,056,701
85$44,957,003$8,055,802$4,493,529$30,639,379
86$49,449,380$8,357,299$4,550,825$33,476,472
87$54,397,043$8,670,632$4,607,104$36,593,626
88$59,846,338$8,996,290$4,662,238$40,019,092
89$65,848,336$9,334,779$4,716,095$43,783,990
90$72,459,314$9,686,632$4,768,532$47,922,604
91$79,741,287$10,052,400$4,819,401$52,472,700
92$87,762,592$10,432,661$4,868,544$57,475,886
93$96,598,532$10,828,017$4,915,797$62,977,999
94$106,332,089$11,239,097$4,960,983$69,029,540
95$117,054,705$11,666,556$5,003,918$75,686,143
96$128,867,146$12,111,077$5,044,410$83,009,107
97$141,880,450$12,573,375$5,082,253$91,065,962
98$156,216,980$13,054,195$5,117,232$99,931,114
99$172,011,575$13,554,313$5,149,123$109,686,542
100$189,412,823$14,074,542$5,177,686$120,422,566