Can I retire at age 55 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$217,183$215,248$213,361$211,519$209,720$207,271
2 years$107,516$105,514$103,573$101,692$99,867$97,402
3 years$70,966$68,955$67,019$65,155$63,359$60,955
4 years$52,694$50,689$48,773$46,940$45,189$42,863
5 years$41,734$39,741$37,849$36,055$34,352$32,112
6 years$34,429$32,451$30,588$28,833$27,181$25,030
7 years$29,214$27,253$25,419$23,705$22,106$20,044
8 years$25,304$23,360$21,557$19,886$18,339$16,367
9 years$22,265$20,339$18,567$16,938$15,444$13,560
10 years$19,835$17,928$16,187$14,601$13,159$11,362
11 years$17,848$15,960$14,251$12,707$11,317$9,606
12 years$16,193$14,325$12,647$11,146$9,807$8,180
13 years$14,794$12,946$11,300$9,840$8,552$7,007
14 years$13,596$11,767$10,153$8,735$7,497$6,031
15 years$12,559$10,750$9,167$7,790$6,601$5,212
16 years$11,652$9,863$8,311$6,975$5,834$4,520
17 years$10,853$9,083$7,563$6,267$5,173$3,931
18 years$10,143$8,393$6,904$5,648$4,599$3,427
19 years$9,509$7,779$6,320$5,103$4,099$2,994
20 years$8,939$7,228$5,800$4,622$3,662$2,621
21 years$8,423$6,733$5,335$4,195$3,277$2,298
22 years$7,956$6,285$4,917$3,814$2,937$2,017
23 years$7,529$5,878$4,540$3,474$2,637$1,773
24 years$7,139$5,508$4,199$3,168$2,370$1,560
25 years$6,781$5,169$3,889$2,893$2,132$1,374
26 years$6,450$4,858$3,607$2,645$1,921$1,211
27 years$6,145$4,572$3,349$2,421$1,732$1,068
28 years$5,862$4,308$3,113$2,219$1,563$942
29 years$5,599$4,064$2,897$2,035$1,411$832
30 years$5,354$3,838$2,699$1,867$1,275$735
31 years$5,125$3,628$2,516$1,715$1,153$650
32 years$4,911$3,433$2,347$1,576$1,043$574
33 years$4,710$3,251$2,192$1,449$944$508
34 years$4,521$3,081$2,048$1,333$854$449
35 years$4,344$2,922$1,915$1,227$774$398
36 years$4,177$2,774$1,791$1,130$701$352
37 years$4,019$2,635$1,676$1,042$635$311
38 years$3,870$2,504$1,570$960$576$276
39 years$3,729$2,381$1,471$885$522$244
40 years$3,596$2,265$1,379$816$474$216
41 years$3,469$2,156$1,293$753$430$192
42 years$3,348$2,054$1,213$695$390$170
43 years$3,234$1,957$1,138$642$354$150
44 years$3,125$1,865$1,068$593$321$133
45 years$3,021$1,778$1,003$547$292$118
46 years$2,922$1,697$942$506$265$105
47 years$2,827$1,619$885$467$241$93
48 years$2,737$1,546$832$432$218$82
49 years$2,650$1,476$782$399$198$73
50 years$2,568$1,410$735$369$180$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,630,000, adding $2,421 every year, while hoping to spend $40,864 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: 49/40/11 Blend
54$2,630,000$2,630,000$2,630,000$2,630,000
55$2,900,757$2,761,367$2,720,602$3,034,129
56$3,153,156$2,853,195$2,768,263$3,217,737
57$3,429,929$2,948,153$2,816,152$3,412,578
58$3,733,520$3,046,351$2,864,232$3,623,285
59$4,066,621$3,147,904$2,912,465$3,851,354
60$4,432,194$3,252,930$2,960,811$4,098,432
61$4,833,506$3,361,551$3,009,226$4,366,327
62$5,274,152$3,473,896$3,057,663$4,657,031
63$5,758,095$3,590,096$3,106,074$4,972,732
64$6,289,698$3,710,287$3,154,404$5,315,838
65$6,873,769$3,834,613$3,202,599$5,689,000
66$7,515,604$3,963,221$3,250,597$6,095,131
67$8,221,040$4,096,262$3,298,336$6,537,441
68$8,996,503$4,233,896$3,345,748$7,019,458
69$9,849,077$4,376,288$3,392,760$7,545,068
70$10,786,563$4,523,606$3,439,298$8,118,548
71$11,817,559$4,676,029$3,485,281$8,744,604
72$12,951,535$4,833,740$3,530,623$9,428,418
73$14,198,927$4,996,929$3,575,235$10,175,696
74$15,571,233$5,165,794$3,619,021$10,992,717
75$17,081,121$5,340,540$3,661,880$11,886,397
76$18,742,548$5,521,379$3,703,706$12,864,351
77$20,570,895$5,708,533$3,744,386$13,934,963
78$22,583,105$5,902,231$3,783,803$15,107,465
79$24,797,852$6,102,710$3,821,830$16,392,027
80$27,235,707$6,310,217$3,858,336$17,799,845
81$29,919,341$6,525,010$3,893,182$19,343,253
82$32,873,732$6,747,353$3,926,221$21,035,834
83$36,126,403$6,977,524$3,957,300$22,892,549
84$39,707,682$7,215,808$3,986,256$24,929,876
85$43,650,988$7,462,505$4,012,918$27,165,967
86$47,993,144$7,717,924$4,037,106$29,620,814
87$52,774,728$7,982,385$4,058,632$32,316,443
88$58,040,451$8,256,223$4,077,297$35,277,115
89$63,839,583$8,539,783$4,092,893$38,529,556
90$70,226,415$8,833,428$4,105,199$42,103,209
91$77,260,773$9,137,529$4,113,987$46,030,510
92$85,008,580$9,452,476$4,119,013$50,347,191
93$93,542,480$9,778,672$4,120,025$55,092,620
94$102,942,523$10,116,537$4,116,756$60,310,168
95$113,296,920$10,466,508$4,108,928$66,047,619
96$124,702,875$10,829,035$4,096,246$72,357,617
97$137,267,502$11,204,592$4,078,403$79,298,167
98$151,108,836$11,593,666$4,055,079$86,933,172
99$166,356,948$11,996,766$4,025,935$95,333,044
100$183,155,170$12,414,421$3,990,617$104,575,361