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%13%
1 years$217,183$215,248$213,361$211,519$209,720$207,099
2 years$107,516$105,514$103,573$101,692$99,867$97,230
3 years$70,966$68,955$67,019$65,155$63,359$60,788
4 years$52,694$50,689$48,773$46,940$45,189$42,703
5 years$41,734$39,741$37,849$36,055$34,352$31,958
6 years$34,429$32,451$30,588$28,833$27,181$24,884
7 years$29,214$27,253$25,419$23,705$22,106$19,904
8 years$25,304$23,360$21,557$19,886$18,339$16,234
9 years$22,265$20,339$18,567$16,938$15,444$13,434
10 years$19,835$17,928$16,187$14,601$13,159$11,243
11 years$17,848$15,960$14,251$12,707$11,317$9,494
12 years$16,193$14,325$12,647$11,146$9,807$8,074
13 years$14,794$12,946$11,300$9,840$8,552$6,907
14 years$13,596$11,767$10,153$8,735$7,497$5,937
15 years$12,559$10,750$9,167$7,790$6,601$5,124
16 years$11,652$9,863$8,311$6,975$5,834$4,437
17 years$10,853$9,083$7,563$6,267$5,173$3,854
18 years$10,143$8,393$6,904$5,648$4,599$3,355
19 years$9,509$7,779$6,320$5,103$4,099$2,927
20 years$8,939$7,228$5,800$4,622$3,662$2,558
21 years$8,423$6,733$5,335$4,195$3,277$2,240
22 years$7,956$6,285$4,917$3,814$2,937$1,963
23 years$7,529$5,878$4,540$3,474$2,637$1,723
24 years$7,139$5,508$4,199$3,168$2,370$1,514
25 years$6,781$5,169$3,889$2,893$2,132$1,331
26 years$6,450$4,858$3,607$2,645$1,921$1,171
27 years$6,145$4,572$3,349$2,421$1,732$1,031
28 years$5,862$4,308$3,113$2,219$1,563$909
29 years$5,599$4,064$2,897$2,035$1,411$801
30 years$5,354$3,838$2,699$1,867$1,275$706
31 years$5,125$3,628$2,516$1,715$1,153$623
32 years$4,911$3,433$2,347$1,576$1,043$550
33 years$4,710$3,251$2,192$1,449$944$486
34 years$4,521$3,081$2,048$1,333$854$429
35 years$4,344$2,922$1,915$1,227$774$379
36 years$4,177$2,774$1,791$1,130$701$335
37 years$4,019$2,635$1,676$1,042$635$296
38 years$3,870$2,504$1,570$960$576$261
39 years$3,729$2,381$1,471$885$522$231
40 years$3,596$2,265$1,379$816$474$204
41 years$3,469$2,156$1,293$753$430$181
42 years$3,348$2,054$1,213$695$390$160
43 years$3,234$1,957$1,138$642$354$141
44 years$3,125$1,865$1,068$593$321$125
45 years$3,021$1,778$1,003$547$292$111
46 years$2,922$1,697$942$506$265$98
47 years$2,827$1,619$885$467$241$86
48 years$2,737$1,546$832$432$218$76
49 years$2,650$1,476$782$399$198$68
50 years$2,568$1,410$735$369$180$60

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 $2,940 every year, while hoping to spend $31,838 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: 67/27/6 Blend
54$2,630,000$2,630,000$2,630,000$2,630,000
55$2,901,293$2,761,903$2,721,138$3,092,878
56$3,163,349$2,863,360$2,778,420$3,321,738
57$3,451,068$2,968,723$2,836,555$3,567,708
58$3,767,034$3,078,147$2,895,536$3,835,740
59$4,114,093$3,191,798$2,955,358$4,127,981
60$4,495,381$3,309,846$3,016,013$4,446,795
61$4,914,352$3,432,471$3,077,492$4,794,783
62$5,374,812$3,559,858$3,139,784$5,174,806
63$5,880,954$3,692,202$3,202,878$5,590,014
64$6,437,397$3,829,705$3,266,760$6,043,875
65$7,049,229$3,972,579$3,331,414$6,540,205
66$7,722,057$4,121,042$3,396,823$7,083,204
67$8,462,059$4,275,325$3,462,968$7,677,498
68$9,276,040$4,435,667$3,529,829$8,328,177
69$10,171,498$4,602,317$3,597,381$9,040,849
70$11,156,697$4,775,536$3,665,599$9,821,685
71$12,240,739$4,955,596$3,734,455$10,677,482
72$13,433,653$5,142,780$3,803,919$11,615,725
73$14,746,493$5,337,383$3,873,957$12,644,653
74$16,191,434$5,539,713$3,944,533$13,773,345
75$17,781,894$5,750,093$4,015,609$15,011,794
76$19,532,657$5,968,858$4,087,142$16,371,010
77$21,460,015$6,196,358$4,159,088$17,863,117
78$23,581,916$6,432,960$4,231,397$19,501,469
79$25,918,140$6,679,043$4,304,017$21,300,775
80$28,490,481$6,935,007$4,376,892$23,277,235
81$31,322,954$7,201,267$4,449,963$25,448,695
82$34,442,023$7,478,256$4,523,164$27,834,813
83$37,876,847$7,766,428$4,596,427$30,457,242
84$41,659,557$8,066,256$4,669,680$33,339,837
85$45,825,562$8,378,232$4,742,844$36,508,875
86$50,413,875$8,702,871$4,815,835$39,993,304
87$55,467,491$9,040,713$4,888,566$43,825,014
88$61,033,785$9,392,317$4,960,943$48,039,137
89$67,164,962$9,758,272$5,032,866$52,674,380
90$73,918,550$10,139,189$5,104,228$57,773,385
91$81,357,940$10,535,707$5,174,918$63,383,130
92$89,552,989$10,948,496$5,244,817$69,555,375
93$98,580,674$11,378,252$5,313,798$76,347,146
94$108,525,821$11,825,705$5,381,729$83,821,271
95$119,481,906$12,291,615$5,448,468$92,046,975
96$131,551,934$12,776,778$5,513,865$101,100,526
97$144,849,416$13,282,025$5,577,764$111,065,961
98$159,499,435$13,808,223$5,639,998$122,035,868
99$175,639,831$14,356,279$5,700,391$134,112,267
100$193,422,498$14,927,141$5,758,758$147,407,564