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%19.3%
1 years$219,660$217,704$215,795$213,932$212,112$204,180
2 years$108,743$106,717$104,755$102,852$101,006$93,106
3 years$71,775$69,741$67,783$65,898$64,082$56,462
4 years$53,295$51,267$49,329$47,476$45,704$38,422
5 years$42,210$40,194$38,281$36,466$34,743$27,818
6 years$34,822$32,821$30,937$29,162$27,491$20,928
7 years$29,547$27,563$25,709$23,976$22,358$16,154
8 years$25,593$23,627$21,803$20,113$18,548$12,699
9 years$22,519$20,571$18,779$17,132$15,620$10,117
10 years$20,061$18,133$16,372$14,768$13,309$8,142
11 years$18,051$16,143$14,414$12,852$11,446$6,604
12 years$16,378$14,489$12,792$11,273$9,919$5,390
13 years$14,963$13,094$11,429$9,952$8,650$4,420
14 years$13,751$11,902$10,269$8,835$7,582$3,639
15 years$12,702$10,872$9,271$7,879$6,676$3,005
16 years$11,785$9,975$8,406$7,055$5,900$2,488
17 years$10,976$9,187$7,649$6,339$5,232$2,065
18 years$10,259$8,489$6,982$5,712$4,652$1,716
19 years$9,617$7,868$6,392$5,162$4,146$1,428
20 years$9,040$7,311$5,866$4,675$3,703$1,190
21 years$8,519$6,810$5,396$4,243$3,314$993
22 years$8,046$6,357$4,973$3,858$2,971$829
23 years$7,615$5,945$4,592$3,513$2,667$692
24 years$7,220$5,570$4,247$3,204$2,397$579
25 years$6,858$5,227$3,933$2,926$2,157$484
26 years$6,524$4,913$3,648$2,676$1,943$405
27 years$6,215$4,624$3,387$2,449$1,752$339
28 years$5,929$4,357$3,149$2,244$1,580$284
29 years$5,662$4,110$2,930$2,058$1,427$237
30 years$5,415$3,882$2,730$1,888$1,289$199
31 years$5,183$3,669$2,545$1,734$1,166$167
32 years$4,967$3,472$2,374$1,594$1,055$140
33 years$4,764$3,288$2,217$1,466$954$117
34 years$4,573$3,116$2,071$1,349$864$98
35 years$4,394$2,956$1,937$1,242$783$82
36 years$4,225$2,806$1,812$1,143$709$69
37 years$4,065$2,665$1,696$1,053$643$58
38 years$3,914$2,532$1,588$971$583$48
39 years$3,772$2,408$1,488$895$528$40
40 years$3,637$2,291$1,394$826$479$34
41 years$3,508$2,181$1,307$762$435$28
42 years$3,387$2,077$1,226$703$395$24
43 years$3,271$1,979$1,151$649$358$20
44 years$3,160$1,886$1,080$599$325$17
45 years$3,055$1,799$1,014$554$295$14
46 years$2,955$1,716$953$511$268$12
47 years$2,860$1,638$895$472$243$10
48 years$2,768$1,563$841$436$221$8
49 years$2,681$1,493$791$403$201$7
50 years$2,597$1,426$743$373$182$6

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 $2,327 every year, while hoping to spend $21,887 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: 25/47/28 Blend
54$2,660,000$2,660,000$2,660,000$2,660,000
55$2,933,720$2,792,740$2,751,510$2,981,238
56$3,209,672$2,906,297$2,820,398$3,134,672
57$3,513,038$3,024,684$2,890,860$3,297,050
58$3,846,590$3,148,116$2,962,926$3,470,698
59$4,213,383$3,276,815$3,036,626$3,656,574
60$4,616,785$3,411,016$3,111,990$3,855,732
61$5,060,503$3,550,962$3,189,048$4,069,321
62$5,548,624$3,696,909$3,267,830$4,298,602
63$6,085,650$3,849,123$3,348,368$4,544,956
64$6,676,541$4,007,885$3,430,693$4,809,897
65$7,326,762$4,173,485$3,514,836$5,095,082
66$8,042,336$4,346,231$3,600,828$5,402,332
67$8,829,899$4,526,440$3,688,700$5,733,641
68$9,696,761$4,714,449$3,778,484$6,091,197
69$10,650,979$4,910,605$3,870,211$6,477,400
70$11,701,430$5,115,275$3,963,914$6,894,887
71$12,857,893$5,328,841$4,059,623$7,346,549
72$14,131,148$5,551,704$4,157,370$7,835,563
73$15,533,071$5,784,283$4,257,187$8,365,416
74$17,076,746$6,027,015$4,359,105$8,939,937
75$18,776,594$6,280,359$4,463,155$9,563,336
76$20,648,505$6,544,794$4,569,369$10,240,235
77$22,709,986$6,820,823$4,677,776$10,975,713
78$24,980,332$7,108,970$4,788,409$11,775,355
79$27,480,801$7,409,785$4,901,296$12,645,296
80$30,234,821$7,723,843$5,016,468$13,592,284
81$33,268,207$8,051,746$5,133,954$14,623,735
82$36,609,406$8,394,123$5,253,783$15,747,806
83$40,289,764$8,751,634$5,375,983$16,973,466
84$44,343,824$9,124,968$5,500,582$18,310,579
85$48,809,650$9,514,847$5,627,608$19,769,996
86$53,729,186$9,922,027$5,757,085$21,363,652
87$59,148,656$10,347,299$5,889,040$23,104,681
88$65,118,993$10,791,490$6,023,496$25,007,529
89$71,696,325$11,255,468$6,160,478$27,088,093
90$78,942,503$11,740,139$6,300,008$29,363,868
91$86,925,687$12,246,454$6,442,106$31,854,106
92$95,720,982$12,775,406$6,586,793$34,579,994
93$105,411,158$13,328,037$6,734,086$37,564,854
94$116,087,421$13,905,435$6,884,002$40,834,356
95$127,850,278$14,508,742$7,036,557$44,416,756
96$140,810,489$15,139,152$7,191,763$48,343,161
97$155,090,104$15,797,916$7,349,633$52,647,816
98$170,823,624$16,486,343$7,510,175$57,368,426
99$188,159,264$17,205,805$7,673,396$62,546,500
100$207,260,356$17,957,736$7,839,302$68,227,746