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%15.4%
1 years$218,009$216,067$214,172$212,323$210,517$205,846
2 years$107,925$105,915$103,967$102,078$100,246$95,565
3 years$71,235$69,217$67,274$65,403$63,600$59,054
4 years$52,894$50,882$48,958$47,119$45,360$40,985
5 years$41,892$39,892$37,993$36,192$34,482$30,289
6 years$34,560$32,575$30,704$28,943$27,285$23,279
7 years$29,325$27,356$25,515$23,796$22,190$18,372
8 years$25,400$23,449$21,639$19,961$18,408$14,777
9 years$22,349$20,417$18,638$17,003$15,503$12,055
10 years$19,910$17,996$16,249$14,657$13,209$9,942
11 years$17,916$16,021$14,305$12,756$11,360$8,269
12 years$16,255$14,380$12,695$11,188$9,844$6,925
13 years$14,850$12,995$11,343$9,878$8,585$5,831
14 years$13,648$11,812$10,191$8,768$7,525$4,931
15 years$12,606$10,791$9,201$7,820$6,626$4,186
16 years$11,696$9,900$8,342$7,002$5,856$3,565
17 years$10,894$9,118$7,591$6,291$5,192$3,044
18 years$10,181$8,425$6,930$5,669$4,617$2,604
19 years$9,545$7,808$6,344$5,123$4,115$2,232
20 years$8,973$7,256$5,822$4,640$3,676$1,916
21 years$8,455$6,759$5,355$4,211$3,289$1,647
22 years$7,986$6,309$4,936$3,829$2,948$1,418
23 years$7,558$5,901$4,557$3,487$2,647$1,221
24 years$7,166$5,528$4,215$3,180$2,379$1,053
25 years$6,806$5,188$3,904$2,904$2,141$908
26 years$6,475$4,876$3,620$2,656$1,928$784
27 years$6,168$4,589$3,362$2,431$1,738$677
28 years$5,884$4,324$3,125$2,227$1,569$585
29 years$5,620$4,079$2,908$2,042$1,416$506
30 years$5,374$3,852$2,709$1,874$1,280$437
31 years$5,144$3,642$2,526$1,721$1,157$378
32 years$4,929$3,446$2,356$1,582$1,047$327
33 years$4,728$3,263$2,200$1,455$947$283
34 years$4,539$3,093$2,056$1,339$858$245
35 years$4,361$2,934$1,922$1,232$777$212
36 years$4,193$2,784$1,798$1,135$704$184
37 years$4,035$2,645$1,683$1,046$638$159
38 years$3,885$2,513$1,576$964$578$138
39 years$3,743$2,390$1,476$889$524$119
40 years$3,609$2,274$1,384$820$476$103
41 years$3,482$2,164$1,298$756$432$90
42 years$3,361$2,061$1,217$698$392$78
43 years$3,246$1,964$1,142$644$355$67
44 years$3,137$1,872$1,072$595$323$58
45 years$3,032$1,785$1,007$549$293$50
46 years$2,933$1,703$946$507$266$44
47 years$2,838$1,625$888$469$241$38
48 years$2,747$1,551$835$433$219$33
49 years$2,661$1,482$785$400$199$28
50 years$2,578$1,415$738$370$181$25

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 $2,958 every year, while hoping to spend $44,577 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: 33/44/23 Blend
54$2,640,000$2,640,000$2,640,000$2,640,000
55$2,912,331$2,772,411$2,731,491$2,987,830
56$3,161,959$2,860,830$2,775,567$3,133,073
57$3,435,556$2,952,087$2,819,624$3,285,257
58$3,735,518$3,046,274$2,863,617$3,448,368
59$4,064,486$3,143,487$2,907,494$3,623,400
60$4,425,370$3,243,824$2,951,201$3,811,443
61$4,821,372$3,347,386$2,994,681$4,013,695
62$5,256,022$3,454,278$3,037,872$4,231,474
63$5,733,206$3,564,608$3,080,712$4,466,227
64$6,257,207$3,678,488$3,123,129$4,719,547
65$6,832,742$3,796,033$3,165,054$4,993,186
66$7,465,006$3,917,363$3,206,407$5,289,071
67$8,159,723$4,042,601$3,247,109$5,609,320
68$8,923,200$4,171,874$3,287,072$5,956,265
69$9,762,385$4,305,313$3,326,207$6,332,472
70$10,684,930$4,443,055$3,364,417$6,740,764
71$11,699,268$4,585,241$3,401,600$7,184,249
72$12,814,690$4,732,014$3,437,650$7,666,347
73$14,041,431$4,883,525$3,472,454$8,190,823
74$15,390,768$5,039,929$3,505,893$8,761,820
75$16,875,127$5,201,386$3,537,840$9,383,903
76$18,508,197$5,368,061$3,568,165$10,062,093
77$20,305,062$5,540,125$3,596,728$10,801,923
78$22,282,341$5,717,754$3,623,381$11,609,484
79$24,458,348$5,901,132$3,647,972$12,491,481
80$26,853,258$6,090,446$3,670,338$13,455,302
81$29,489,304$6,285,891$3,690,308$14,509,081
82$32,390,982$6,487,669$3,707,702$15,661,777
83$35,585,285$6,695,988$3,722,334$16,923,258
84$39,101,956$6,911,063$3,734,003$18,304,391
85$42,973,767$7,133,117$3,742,504$19,817,150
86$47,236,830$7,362,378$3,747,616$21,474,719
87$51,930,937$7,599,085$3,749,112$23,291,626
88$57,099,935$7,843,483$3,746,750$25,283,873
89$62,792,140$8,095,826$3,740,278$27,469,087
90$69,060,793$8,356,376$3,729,432$29,866,688
91$75,964,560$8,625,404$3,713,934$32,498,071
92$83,568,087$8,903,191$3,693,493$35,386,804
93$91,942,612$9,190,027$3,667,804$38,558,856
94$101,166,631$9,486,210$3,636,548$42,042,836
95$111,326,644$9,792,052$3,599,390$45,870,264
96$122,517,972$10,107,872$3,555,979$50,075,868
97$134,845,648$10,434,002$3,505,948$54,697,912
98$148,425,420$10,770,783$3,448,913$59,778,554
99$163,384,832$11,118,571$3,384,470$65,364,246
100$179,864,435$11,477,731$3,312,200$71,506,170