Can I retire at age 55 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$218,835$216,885$214,983$213,127$211,315$202,850
2 years$108,334$106,316$104,361$102,465$100,626$92,205
3 years$71,505$69,479$67,528$65,650$63,841$55,728
4 years$53,094$51,074$49,143$47,297$45,532$37,789
5 years$42,051$40,043$38,137$36,329$34,613$27,259
6 years$34,691$32,698$30,821$29,053$27,388$20,428
7 years$29,436$27,460$25,612$23,886$22,274$15,705
8 years$25,496$23,538$21,721$20,037$18,478$12,295
9 years$22,434$20,494$18,708$17,067$15,561$9,753
10 years$19,985$18,065$16,310$14,712$13,259$7,814
11 years$17,983$16,082$14,359$12,804$11,403$6,309
12 years$16,316$14,434$12,744$11,231$9,882$5,125
13 years$14,907$13,044$11,386$9,915$8,617$4,183
14 years$13,699$11,857$10,230$8,801$7,554$3,427
15 years$12,654$10,831$9,236$7,849$6,651$2,816
16 years$11,740$9,938$8,374$7,028$5,878$2,320
17 years$10,935$9,152$7,620$6,315$5,212$1,915
18 years$10,220$8,457$6,956$5,691$4,634$1,583
19 years$9,581$7,838$6,368$5,142$4,131$1,311
20 years$9,007$7,283$5,844$4,657$3,689$1,087
21 years$8,487$6,784$5,376$4,227$3,302$901
22 years$8,016$6,333$4,954$3,843$2,959$748
23 years$7,587$5,923$4,575$3,500$2,657$622
24 years$7,193$5,549$4,231$3,192$2,388$517
25 years$6,832$5,208$3,918$2,915$2,149$430
26 years$6,499$4,895$3,634$2,666$1,935$358
27 years$6,192$4,606$3,375$2,440$1,745$297
28 years$5,906$4,341$3,137$2,235$1,575$248
29 years$5,641$4,095$2,919$2,050$1,422$206
30 years$5,394$3,867$2,719$1,881$1,285$172
31 years$5,164$3,656$2,535$1,728$1,161$143
32 years$4,948$3,459$2,365$1,588$1,051$119
33 years$4,746$3,276$2,209$1,460$951$99
34 years$4,556$3,105$2,064$1,344$861$83
35 years$4,377$2,945$1,929$1,237$780$69
36 years$4,209$2,795$1,805$1,139$706$57
37 years$4,050$2,655$1,689$1,050$640$48
38 years$3,900$2,523$1,582$967$580$40
39 years$3,758$2,399$1,482$892$526$33
40 years$3,623$2,282$1,389$823$477$28
41 years$3,495$2,173$1,303$759$433$23
42 years$3,374$2,069$1,222$701$393$19
43 years$3,258$1,971$1,147$647$357$16
44 years$3,149$1,879$1,076$597$324$13
45 years$3,044$1,792$1,011$551$294$11
46 years$2,944$1,710$949$509$267$9
47 years$2,849$1,631$892$471$242$8
48 years$2,758$1,557$838$435$220$6
49 years$2,671$1,487$788$402$200$5
50 years$2,587$1,421$740$371$182$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,650,000, adding $6,295 every year, while hoping to spend $51,784 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: 62/26/12 Blend
54$2,650,000$2,650,000$2,650,000$2,650,000
55$2,926,793$2,786,343$2,745,268$3,099,598
56$3,170,228$2,867,776$2,782,137$3,297,633
57$3,436,758$2,951,464$2,818,505$3,507,211
58$3,728,684$3,037,462$2,854,302$3,734,704
59$4,048,540$3,125,828$2,889,450$3,981,850
60$4,399,116$3,216,618$2,923,872$4,250,561
61$4,783,486$3,309,892$2,957,482$4,542,943
62$5,205,035$3,405,711$2,990,191$4,861,314
63$5,667,491$3,504,133$3,021,905$5,208,227
64$6,174,961$3,605,222$3,052,525$5,586,492
65$6,731,970$3,709,040$3,081,947$5,999,205
66$7,343,498$3,815,651$3,110,060$6,449,773
67$8,015,036$3,925,119$3,136,748$6,941,950
68$8,752,630$4,037,510$3,161,889$7,479,870
69$9,562,940$4,152,889$3,185,354$8,068,086
70$10,453,304$4,271,325$3,207,008$8,711,614
71$11,431,806$4,392,885$3,226,708$9,415,978
72$12,507,352$4,517,638$3,244,304$10,187,262
73$13,689,752$4,645,653$3,259,639$11,032,170
74$14,989,817$4,777,000$3,272,547$11,958,086
75$16,419,456$4,911,751$3,282,854$12,973,145
76$17,991,789$5,049,975$3,290,378$14,086,309
77$19,721,272$5,191,745$3,294,927$15,307,450
78$21,623,834$5,337,132$3,296,299$16,647,446
79$23,717,024$5,486,210$3,294,284$18,118,281
80$26,020,177$5,639,051$3,288,659$19,733,159
81$28,554,598$5,795,728$3,279,193$21,506,627
82$31,343,762$5,956,313$3,265,640$23,454,714
83$34,413,533$6,120,880$3,247,746$25,595,080
84$37,792,411$6,289,501$3,225,244$27,947,184
85$41,511,798$6,462,248$3,197,851$30,532,467
86$45,606,297$6,639,193$3,165,274$33,374,554
87$50,114,034$6,820,409$3,127,205$36,499,475
88$55,077,021$7,005,964$3,083,322$39,935,915
89$60,541,550$7,195,929$3,033,286$43,715,480
90$66,558,631$7,390,373$2,976,745$47,872,998
91$73,184,473$7,589,362$2,913,327$52,446,844
92$80,481,011$7,792,963$2,842,645$57,479,306
93$88,516,496$8,001,240$2,764,296$63,016,983
94$97,366,132$8,214,255$2,677,854$69,111,223
95$107,112,792$8,432,067$2,582,876$75,818,609
96$117,847,793$8,654,735$2,478,898$83,201,492
97$129,671,763$8,882,312$2,365,437$91,328,579
98$142,695,589$9,114,851$2,241,984$100,275,585
99$157,041,459$9,352,400$2,108,012$110,125,942
100$172,844,023$9,595,002$1,962,965$120,971,591