Can I retire at age 55 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$218,009$216,067$214,172$212,323$210,517$205,262
2 years$107,925$105,915$103,967$102,078$100,246$94,985
3 years$71,235$69,217$67,274$65,403$63,600$58,497
4 years$52,894$50,882$48,958$47,119$45,360$40,455
5 years$41,892$39,892$37,993$36,192$34,482$29,788
6 years$34,560$32,575$30,704$28,943$27,285$22,806
7 years$29,325$27,356$25,515$23,796$22,190$17,928
8 years$25,400$23,449$21,639$19,961$18,408$14,361
9 years$22,349$20,417$18,638$17,003$15,503$11,667
10 years$19,910$17,996$16,249$14,657$13,209$9,580
11 years$17,916$16,021$14,305$12,756$11,360$7,933
12 years$16,255$14,380$12,695$11,188$9,844$6,612
13 years$14,850$12,995$11,343$9,878$8,585$5,542
14 years$13,648$11,812$10,191$8,768$7,525$4,665
15 years$12,606$10,791$9,201$7,820$6,626$3,941
16 years$11,696$9,900$8,342$7,002$5,856$3,339
17 years$10,894$9,118$7,591$6,291$5,192$2,836
18 years$10,181$8,425$6,930$5,669$4,617$2,414
19 years$9,545$7,808$6,344$5,123$4,115$2,059
20 years$8,973$7,256$5,822$4,640$3,676$1,758
21 years$8,455$6,759$5,355$4,211$3,289$1,503
22 years$7,986$6,309$4,936$3,829$2,948$1,287
23 years$7,558$5,901$4,557$3,487$2,647$1,102
24 years$7,166$5,528$4,215$3,180$2,379$945
25 years$6,806$5,188$3,904$2,904$2,141$811
26 years$6,475$4,876$3,620$2,656$1,928$696
27 years$6,168$4,589$3,362$2,431$1,738$598
28 years$5,884$4,324$3,125$2,227$1,569$513
29 years$5,620$4,079$2,908$2,042$1,416$441
30 years$5,374$3,852$2,709$1,874$1,280$379
31 years$5,144$3,642$2,526$1,721$1,157$326
32 years$4,929$3,446$2,356$1,582$1,047$281
33 years$4,728$3,263$2,200$1,455$947$241
34 years$4,539$3,093$2,056$1,339$858$208
35 years$4,361$2,934$1,922$1,232$777$179
36 years$4,193$2,784$1,798$1,135$704$154
37 years$4,035$2,645$1,683$1,046$638$132
38 years$3,885$2,513$1,576$964$578$114
39 years$3,743$2,390$1,476$889$524$98
40 years$3,609$2,274$1,384$820$476$85
41 years$3,482$2,164$1,298$756$432$73
42 years$3,361$2,061$1,217$698$392$63
43 years$3,246$1,964$1,142$644$355$54
44 years$3,137$1,872$1,072$595$323$46
45 years$3,032$1,785$1,007$549$293$40
46 years$2,933$1,703$946$507$266$34
47 years$2,838$1,625$888$469$241$30
48 years$2,747$1,551$835$433$219$26
49 years$2,661$1,482$785$400$199$22
50 years$2,578$1,415$738$370$181$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,640,000, adding $4,421 every year, while hoping to spend $59,394 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: 33/40/27 Blend
54$2,640,000$2,640,000$2,640,000$2,640,000
55$2,913,840$2,773,920$2,733,000$2,985,930
56$3,147,857$2,846,648$2,761,361$3,113,684
57$3,403,753$2,920,948$2,788,681$3,245,668
58$3,683,697$2,996,836$2,814,863$3,386,748
59$3,990,078$3,074,324$2,839,804$3,537,772
60$4,325,524$3,153,424$2,863,396$3,699,671
61$4,692,933$3,234,147$2,885,525$3,873,469
62$5,095,492$3,316,501$2,906,071$4,060,297
63$5,536,715$3,400,492$2,924,907$4,261,401
64$6,020,469$3,486,125$2,941,900$4,478,151
65$6,551,015$3,573,403$2,956,912$4,712,059
66$7,133,045$3,662,327$2,969,795$4,964,791
67$7,771,728$3,752,893$2,980,396$5,238,183
68$8,472,757$3,845,097$2,988,551$5,534,258
69$9,242,402$3,938,931$2,994,091$5,855,246
70$10,087,571$4,034,383$2,996,838$6,203,604
71$11,015,876$4,131,440$2,996,604$6,582,042
72$12,035,697$4,230,082$2,993,193$6,993,547
73$13,156,271$4,330,289$2,986,397$7,441,408
74$14,387,770$4,432,033$2,976,001$7,929,256
75$15,741,403$4,535,283$2,961,778$8,461,091
76$17,229,519$4,640,004$2,943,490$9,041,320
77$18,865,721$4,746,156$2,920,888$9,674,806
78$20,664,997$4,853,690$2,893,711$10,366,907
79$22,643,862$4,962,556$2,861,684$11,123,529
80$24,820,508$5,072,693$2,824,523$11,951,185
81$27,214,981$5,184,037$2,781,926$12,857,054
82$29,849,369$5,296,514$2,733,580$13,849,049
83$32,748,005$5,410,044$2,679,156$14,935,895
84$35,937,703$5,524,538$2,618,310$16,127,211
85$39,448,007$5,639,898$2,550,681$17,433,597
86$43,311,469$5,756,018$2,475,894$18,866,743
87$47,563,956$5,872,780$2,393,553$20,439,534
88$52,244,990$5,990,057$2,303,248$22,166,174
89$57,398,120$6,107,711$2,204,548$24,062,321
90$63,071,329$6,225,590$2,097,001$26,145,237
91$69,317,492$6,343,530$1,980,137$28,433,950
92$76,194,869$6,461,356$1,853,465$30,949,436
93$83,767,658$6,578,876$1,716,469$33,714,819
94$92,106,601$6,695,883$1,568,613$36,755,587
95$101,289,648$6,812,154$1,409,334$40,099,839
96$111,402,693$6,927,450$1,238,048$43,778,546
97$122,540,385$7,041,513$1,054,140$47,825,850
98$134,807,023$7,154,065$856,972$52,279,386
99$148,317,534$7,264,810$645,876$57,180,638
100$163,198,564$7,373,427$420,154$62,575,333