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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.4%
1 years$217,183$215,248$213,361$211,519$209,720$204,236
2 years$107,516$105,514$103,573$101,692$99,867$94,379
3 years$70,966$68,955$67,019$65,155$63,359$58,040
4 years$52,694$50,689$48,773$46,940$45,189$40,078
5 years$41,734$39,741$37,849$36,055$34,352$29,464
6 years$34,429$32,451$30,588$28,833$27,181$22,521
7 years$29,214$27,253$25,419$23,705$22,106$17,674
8 years$25,304$23,360$21,557$19,886$18,339$14,133
9 years$22,265$20,339$18,567$16,938$15,444$11,460
10 years$19,835$17,928$16,187$14,601$13,159$9,393
11 years$17,848$15,960$14,251$12,707$11,317$7,763
12 years$16,193$14,325$12,647$11,146$9,807$6,458
13 years$14,794$12,946$11,300$9,840$8,552$5,402
14 years$13,596$11,767$10,153$8,735$7,497$4,537
15 years$12,559$10,750$9,167$7,790$6,601$3,825
16 years$11,652$9,863$8,311$6,975$5,834$3,234
17 years$10,853$9,083$7,563$6,267$5,173$2,741
18 years$10,143$8,393$6,904$5,648$4,599$2,328
19 years$9,509$7,779$6,320$5,103$4,099$1,981
20 years$8,939$7,228$5,800$4,622$3,662$1,688
21 years$8,423$6,733$5,335$4,195$3,277$1,440
22 years$7,956$6,285$4,917$3,814$2,937$1,229
23 years$7,529$5,878$4,540$3,474$2,637$1,051
24 years$7,139$5,508$4,199$3,168$2,370$899
25 years$6,781$5,169$3,889$2,893$2,132$769
26 years$6,450$4,858$3,607$2,645$1,921$659
27 years$6,145$4,572$3,349$2,421$1,732$564
28 years$5,862$4,308$3,113$2,219$1,563$484
29 years$5,599$4,064$2,897$2,035$1,411$415
30 years$5,354$3,838$2,699$1,867$1,275$356
31 years$5,125$3,628$2,516$1,715$1,153$305
32 years$4,911$3,433$2,347$1,576$1,043$262
33 years$4,710$3,251$2,192$1,449$944$225
34 years$4,521$3,081$2,048$1,333$854$193
35 years$4,344$2,922$1,915$1,227$774$165
36 years$4,177$2,774$1,791$1,130$701$142
37 years$4,019$2,635$1,676$1,042$635$122
38 years$3,870$2,504$1,570$960$576$105
39 years$3,729$2,381$1,471$885$522$90
40 years$3,596$2,265$1,379$816$474$77
41 years$3,469$2,156$1,293$753$430$66
42 years$3,348$2,054$1,213$695$390$57
43 years$3,234$1,957$1,138$642$354$49
44 years$3,125$1,865$1,068$593$321$42
45 years$3,021$1,778$1,003$547$292$36
46 years$2,922$1,697$942$506$265$31
47 years$2,827$1,619$885$467$241$27
48 years$2,737$1,546$832$432$218$23
49 years$2,650$1,476$782$399$198$20
50 years$2,568$1,410$735$369$180$17

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 $5,715 every year, while hoping to spend $35,074 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: 64/24/12 Blend
54$2,630,000$2,630,000$2,630,000$2,630,000
55$2,904,155$2,764,765$2,724,000$3,081,652
56$3,163,060$2,862,920$2,777,936$3,299,157
57$3,447,199$2,964,709$2,832,502$3,532,043
58$3,759,106$3,070,273$2,887,685$3,785,544
59$4,101,578$3,179,759$2,943,465$4,061,665
60$4,477,691$3,293,320$2,999,823$4,362,615
61$4,890,837$3,411,115$3,056,739$4,690,821
62$5,344,752$3,533,308$3,114,189$5,048,958
63$5,843,550$3,660,073$3,172,147$5,439,967
64$6,391,764$3,791,589$3,230,587$5,867,088
65$6,994,390$3,928,043$3,289,477$6,333,888
66$7,656,930$4,069,629$3,348,787$6,844,291
67$8,385,446$4,216,550$3,408,480$7,402,620
68$9,186,617$4,369,017$3,468,520$8,013,635
69$10,067,801$4,527,248$3,528,865$8,682,576
70$11,037,108$4,691,474$3,589,473$9,415,213
71$12,103,469$4,861,932$3,650,296$10,217,901
72$13,276,727$5,038,871$3,711,285$11,097,638
73$14,567,726$5,222,549$3,772,386$12,062,131
74$15,988,416$5,413,236$3,833,543$13,119,869
75$17,551,961$5,611,211$3,894,694$14,280,199
76$19,272,869$5,816,769$3,955,774$15,553,419
77$21,167,124$6,030,213$4,016,715$16,950,871
78$23,252,339$6,251,861$4,077,443$18,485,047
79$25,547,919$6,482,044$4,137,879$20,169,709
80$28,075,250$6,721,107$4,197,941$22,020,015
81$30,857,894$6,969,410$4,257,540$24,052,662
82$33,921,815$7,227,327$4,316,583$26,286,047
83$37,295,623$7,495,249$4,374,972$28,740,433
84$41,010,844$7,773,583$4,432,601$31,438,145
85$45,102,215$8,062,754$4,489,359$34,403,776
86$49,608,017$8,363,205$4,545,128$37,664,420
87$54,570,431$8,675,398$4,599,785$41,249,929
88$60,035,936$8,999,813$4,653,199$45,193,188
89$66,055,751$9,336,954$4,705,231$49,530,432
90$72,686,315$9,687,343$4,755,734$54,301,579
91$79,989,823$10,051,526$4,804,555$59,550,613
92$88,034,809$10,430,074$4,851,531$65,325,991
93$96,896,792$10,823,581$4,896,491$71,681,107
94$106,658,995$11,232,666$4,939,253$78,674,788
95$117,413,122$11,657,976$4,979,627$86,371,852
96$129,260,229$12,100,187$5,017,414$94,843,717
97$142,311,678$12,560,001$5,052,402$104,169,073
98$156,690,181$13,038,153$5,084,370$114,434,628
99$172,530,967$13,535,410$5,113,084$125,735,919
100$189,983,053$14,052,572$5,138,300$138,178,216