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%19.6%
1 years$218,009$216,067$214,172$212,323$210,517$202,405
2 years$107,925$105,915$103,967$102,078$100,246$92,170
3 years$71,235$69,217$67,274$65,403$63,600$55,814
4 years$52,894$50,882$48,958$47,119$45,360$37,923
5 years$41,892$39,892$37,993$36,192$34,482$27,414
6 years$34,560$32,575$30,704$28,943$27,285$20,590
7 years$29,325$27,356$25,515$23,796$22,190$15,866
8 years$25,400$23,449$21,639$19,961$18,408$12,450
9 years$22,349$20,417$18,638$17,003$15,503$9,900
10 years$19,910$17,996$16,249$14,657$13,209$7,953
11 years$17,916$16,021$14,305$12,756$11,360$6,438
12 years$16,255$14,380$12,695$11,188$9,844$5,243
13 years$14,850$12,995$11,343$9,878$8,585$4,291
14 years$13,648$11,812$10,191$8,768$7,525$3,525
15 years$12,606$10,791$9,201$7,820$6,626$2,905
16 years$11,696$9,900$8,342$7,002$5,856$2,400
17 years$10,894$9,118$7,591$6,291$5,192$1,987
18 years$10,181$8,425$6,930$5,669$4,617$1,648
19 years$9,545$7,808$6,344$5,123$4,115$1,369
20 years$8,973$7,256$5,822$4,640$3,676$1,138
21 years$8,455$6,759$5,355$4,211$3,289$947
22 years$7,986$6,309$4,936$3,829$2,948$789
23 years$7,558$5,901$4,557$3,487$2,647$657
24 years$7,166$5,528$4,215$3,180$2,379$548
25 years$6,806$5,188$3,904$2,904$2,141$457
26 years$6,475$4,876$3,620$2,656$1,928$382
27 years$6,168$4,589$3,362$2,431$1,738$319
28 years$5,884$4,324$3,125$2,227$1,569$266
29 years$5,620$4,079$2,908$2,042$1,416$222
30 years$5,374$3,852$2,709$1,874$1,280$186
31 years$5,144$3,642$2,526$1,721$1,157$155
32 years$4,929$3,446$2,356$1,582$1,047$130
33 years$4,728$3,263$2,200$1,455$947$108
34 years$4,539$3,093$2,056$1,339$858$90
35 years$4,361$2,934$1,922$1,232$777$76
36 years$4,193$2,784$1,798$1,135$704$63
37 years$4,035$2,645$1,683$1,046$638$53
38 years$3,885$2,513$1,576$964$578$44
39 years$3,743$2,390$1,476$889$524$37
40 years$3,609$2,274$1,384$820$476$31
41 years$3,482$2,164$1,298$756$432$26
42 years$3,361$2,061$1,217$698$392$22
43 years$3,246$1,964$1,142$644$355$18
44 years$3,137$1,872$1,072$595$323$15
45 years$3,032$1,785$1,007$549$293$13
46 years$2,933$1,703$946$507$266$11
47 years$2,838$1,625$888$469$241$9
48 years$2,747$1,551$835$433$219$7
49 years$2,661$1,482$785$400$199$6
50 years$2,578$1,415$738$370$181$5

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 $5,563 every year, while hoping to spend $21,689 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: 37/50/13 Blend
54$2,640,000$2,640,000$2,640,000$2,640,000
55$2,915,018$2,775,098$2,734,178$3,011,077
56$3,189,273$2,888,001$2,802,696$3,193,244
57$3,490,775$3,005,709$2,872,783$3,387,381
58$3,822,281$3,128,435$2,944,467$3,596,600
59$4,186,826$3,256,402$3,017,780$3,822,260
60$4,587,757$3,389,840$3,092,751$4,065,850
61$5,028,761$3,528,995$3,169,410$4,329,005
62$5,513,898$3,674,119$3,247,788$4,613,520
63$6,047,643$3,825,478$3,327,917$4,921,361
64$6,634,927$3,983,351$3,409,827$5,254,690
65$7,281,183$4,148,028$3,493,549$5,615,878
66$7,992,395$4,319,814$3,579,115$6,007,529
67$8,775,160$4,499,025$3,666,556$6,432,504
68$9,636,745$4,685,996$3,755,903$6,893,945
69$10,585,156$4,881,073$3,847,190$7,395,303
70$11,629,218$5,084,621$3,940,446$7,940,372
71$12,778,651$5,297,021$4,035,705$8,533,319
72$14,044,170$5,518,671$4,132,997$9,178,726
73$15,437,577$5,749,988$4,232,354$9,881,628
74$16,971,880$5,991,408$4,333,808$10,647,562
75$18,661,412$6,243,387$4,437,391$11,482,616
76$20,521,965$6,506,402$4,543,133$12,393,484
77$22,570,944$6,780,954$4,651,066$13,387,528
78$24,827,524$7,067,564$4,761,220$14,472,846
79$27,312,837$7,366,780$4,873,627$15,658,345
80$30,050,168$7,679,174$4,988,315$16,953,823
81$33,065,177$8,005,346$5,105,315$18,370,061
82$36,386,138$8,345,921$5,224,657$19,918,921
83$40,044,210$8,701,557$5,346,368$21,613,454
84$44,073,725$9,072,939$5,470,477$23,468,025
85$48,512,518$9,460,786$5,597,012$25,498,441
86$53,402,282$9,865,851$5,725,998$27,722,099
87$58,788,958$10,288,922$5,857,463$30,158,148
88$64,723,174$10,730,821$5,991,430$32,827,667
89$71,260,719$11,192,412$6,127,924$35,753,860
90$78,463,071$11,674,599$6,266,968$38,962,269
91$86,397,976$12,178,326$6,408,583$42,481,018
92$95,140,088$12,704,583$6,552,790$46,341,067
93$104,771,676$13,254,407$6,699,607$50,576,507
94$115,383,397$13,828,882$6,849,053$55,224,873
95$127,075,150$14,429,144$7,001,143$60,327,497
96$139,957,025$15,056,382$7,155,892$65,929,893
97$154,150,339$15,711,841$7,313,311$72,082,181
98$169,788,778$16,396,826$7,473,411$78,839,555
99$187,019,663$17,112,701$7,636,201$86,262,802
100$206,005,340$17,860,894$7,801,685$94,418,867