Can I retire at age 55 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$219,660$217,704$215,795$213,932$212,112$209,723
2 years$108,743$106,717$104,755$102,852$101,006$98,600
3 years$71,775$69,741$67,783$65,898$64,082$61,735
4 years$53,295$51,267$49,329$47,476$45,704$43,434
5 years$42,210$40,194$38,281$36,466$34,743$32,557
6 years$34,822$32,821$30,937$29,162$27,491$25,390
7 years$29,547$27,563$25,709$23,976$22,358$20,344
8 years$25,593$23,627$21,803$20,113$18,548$16,621
9 years$22,519$20,571$18,779$17,132$15,620$13,779
10 years$20,061$18,133$16,372$14,768$13,309$11,553
11 years$18,051$16,143$14,414$12,852$11,446$9,773
12 years$16,378$14,489$12,792$11,273$9,919$8,327
13 years$14,963$13,094$11,429$9,952$8,650$7,138
14 years$13,751$11,902$10,269$8,835$7,582$6,148
15 years$12,702$10,872$9,271$7,879$6,676$5,317
16 years$11,785$9,975$8,406$7,055$5,900$4,614
17 years$10,976$9,187$7,649$6,339$5,232$4,015
18 years$10,259$8,489$6,982$5,712$4,652$3,503
19 years$9,617$7,868$6,392$5,162$4,146$3,063
20 years$9,040$7,311$5,866$4,675$3,703$2,683
21 years$8,519$6,810$5,396$4,243$3,314$2,354
22 years$8,046$6,357$4,973$3,858$2,971$2,068
23 years$7,615$5,945$4,592$3,513$2,667$1,819
24 years$7,220$5,570$4,247$3,204$2,397$1,602
25 years$6,858$5,227$3,933$2,926$2,157$1,412
26 years$6,524$4,913$3,648$2,676$1,943$1,245
27 years$6,215$4,624$3,387$2,449$1,752$1,099
28 years$5,929$4,357$3,149$2,244$1,580$971
29 years$5,662$4,110$2,930$2,058$1,427$858
30 years$5,415$3,882$2,730$1,888$1,289$758
31 years$5,183$3,669$2,545$1,734$1,166$671
32 years$4,967$3,472$2,374$1,594$1,055$594
33 years$4,764$3,288$2,217$1,466$954$525
34 years$4,573$3,116$2,071$1,349$864$465
35 years$4,394$2,956$1,937$1,242$783$412
36 years$4,225$2,806$1,812$1,143$709$365
37 years$4,065$2,665$1,696$1,053$643$323
38 years$3,914$2,532$1,588$971$583$286
39 years$3,772$2,408$1,488$895$528$254
40 years$3,637$2,291$1,394$826$479$225
41 years$3,508$2,181$1,307$762$435$199
42 years$3,387$2,077$1,226$703$395$177
43 years$3,271$1,979$1,151$649$358$157
44 years$3,160$1,886$1,080$599$325$139
45 years$3,055$1,799$1,014$554$295$123
46 years$2,955$1,716$953$511$268$109
47 years$2,860$1,638$895$472$243$97
48 years$2,768$1,563$841$436$221$86
49 years$2,681$1,493$791$403$201$76
50 years$2,597$1,426$743$373$182$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,660,000, adding $4,429 every year, while hoping to spend $22,084 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: 36/46/18 Blend
54$2,660,000$2,660,000$2,660,000$2,660,000
55$2,935,889$2,794,909$2,753,679$3,025,349
56$3,211,852$2,908,362$2,822,430$3,204,198
57$3,515,223$3,026,634$2,892,744$3,394,751
58$3,848,775$3,149,938$2,964,650$3,600,004
59$4,215,562$3,278,497$3,038,177$3,821,280
60$4,618,949$3,412,543$3,113,355$4,060,032
61$5,062,643$3,552,319$3,190,214$4,317,855
62$5,550,730$3,698,079$3,268,783$4,596,496
63$6,087,709$3,850,091$3,349,093$4,897,877
64$6,678,542$4,008,631$3,431,174$5,224,103
65$7,328,690$4,173,991$3,515,055$5,577,490
66$8,044,176$4,346,476$3,600,768$5,960,577
67$8,831,631$4,526,402$3,688,344$6,376,155
68$9,698,366$4,714,105$3,777,811$6,827,292
69$10,652,434$4,909,930$3,869,203$7,317,355
70$11,702,709$5,114,244$3,962,548$7,850,047
71$12,858,969$5,327,426$4,057,877$8,429,436
72$14,131,990$5,549,875$4,155,222$9,059,996
73$15,533,642$5,782,009$4,254,612$9,746,642
74$17,077,010$6,024,264$4,356,077$10,494,782
75$18,776,507$6,277,095$4,459,648$11,310,359
76$20,648,019$6,540,981$4,565,354$12,199,912
77$22,709,049$6,816,420$4,673,226$13,170,632
78$24,978,884$7,103,937$4,783,291$14,230,428
79$27,478,778$7,404,078$4,895,579$15,388,000
80$30,232,151$7,717,415$5,010,118$16,652,922
81$33,264,809$8,044,548$5,126,936$18,035,726
82$36,605,192$8,386,103$5,246,061$19,548,002
83$40,284,636$8,742,736$5,367,518$21,202,504
84$44,337,673$9,115,134$5,491,334$23,013,267
85$48,802,356$9,504,016$5,617,534$24,995,740
86$53,720,617$9,910,134$5,746,143$27,166,924
87$59,138,665$10,334,275$5,877,183$29,545,537
88$65,107,417$10,777,263$6,010,677$32,152,180
89$71,682,985$11,239,960$6,146,646$35,009,534
90$78,927,201$11,723,270$6,285,111$38,142,569
91$86,908,203$12,228,138$6,426,089$41,578,776
92$95,701,075$12,755,552$6,569,599$45,348,423
93$105,388,560$13,306,549$6,715,655$49,484,838
94$116,061,837$13,882,213$6,864,273$54,024,721
95$127,821,382$14,483,680$7,015,464$59,008,483
96$140,777,920$15,112,137$7,169,239$64,480,625
97$155,053,466$15,768,830$7,325,607$70,490,156
98$170,782,478$16,455,061$7,484,573$77,091,048
99$188,113,126$17,172,194$7,646,141$84,342,743
100$207,208,691$17,921,658$7,810,314$92,310,706