Can I retire at age 55 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$220,486$218,522$216,606$214,736$212,910$210,162
2 years$109,152$107,119$105,149$103,238$101,385$98,621
3 years$72,045$70,003$68,038$66,146$64,323$61,628
4 years$53,495$51,460$49,514$47,654$45,876$43,271
5 years$42,368$40,345$38,425$36,603$34,874$32,367
6 years$34,953$32,945$31,053$29,272$27,595$25,188
7 years$29,658$27,667$25,805$24,066$22,442$20,137
8 years$25,689$23,716$21,885$20,188$18,618$16,414
9 years$22,603$20,649$18,850$17,196$15,679$13,575
10 years$20,136$18,201$16,433$14,823$13,359$11,354
11 years$18,119$16,203$14,468$12,901$11,489$9,582
12 years$16,439$14,543$12,840$11,316$9,956$8,143
13 years$15,019$13,143$11,471$9,990$8,682$6,962
14 years$13,803$11,946$10,307$8,868$7,611$5,980
15 years$12,750$10,913$9,306$7,909$6,701$5,158
16 years$11,829$10,013$8,437$7,081$5,922$4,464
17 years$11,018$9,221$7,678$6,362$5,251$3,874
18 years$10,297$8,521$7,009$5,734$4,669$3,370
19 years$9,653$7,897$6,416$5,181$4,162$2,938
20 years$9,074$7,338$5,888$4,692$3,717$2,566
21 years$8,552$6,835$5,416$4,259$3,327$2,245
22 years$8,077$6,381$4,992$3,872$2,982$1,966
23 years$7,644$5,968$4,609$3,526$2,677$1,724
24 years$7,248$5,591$4,263$3,216$2,406$1,513
25 years$6,884$5,247$3,948$2,937$2,165$1,330
26 years$6,548$4,931$3,662$2,686$1,950$1,169
27 years$6,238$4,641$3,400$2,458$1,758$1,029
28 years$5,951$4,373$3,161$2,252$1,586$906
29 years$5,684$4,126$2,941$2,065$1,432$798
30 years$5,435$3,896$2,740$1,896$1,294$703
31 years$5,203$3,683$2,554$1,741$1,170$620
32 years$4,985$3,485$2,383$1,600$1,059$546
33 years$4,782$3,300$2,225$1,471$958$482
34 years$4,590$3,128$2,079$1,354$867$425
35 years$4,410$2,967$1,944$1,246$786$375
36 years$4,241$2,816$1,818$1,148$712$331
37 years$4,080$2,675$1,702$1,057$645$293
38 years$3,929$2,542$1,594$975$585$258
39 years$3,786$2,417$1,493$899$530$228
40 years$3,650$2,300$1,400$829$481$202
41 years$3,522$2,189$1,312$765$436$178
42 years$3,399$2,085$1,231$706$396$157
43 years$3,283$1,986$1,155$652$359$139
44 years$3,172$1,893$1,084$602$326$123
45 years$3,067$1,806$1,018$556$296$109
46 years$2,966$1,722$956$513$269$96
47 years$2,870$1,644$898$474$244$85
48 years$2,779$1,569$844$438$222$75
49 years$2,691$1,498$794$405$201$66
50 years$2,607$1,431$746$374$183$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,670,000, adding $2,476 every year, while hoping to spend $42,858 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: 51/29/20 Blend
54$2,670,000$2,670,000$2,670,000$2,670,000
55$2,944,894$2,803,384$2,761,999$3,078,626
56$3,199,673$2,895,149$2,808,925$3,262,944
57$3,479,002$2,989,975$2,855,987$3,458,612
58$3,785,342$3,087,965$2,903,144$3,670,446
59$4,121,400$3,189,228$2,950,353$3,899,992
60$4,490,159$3,293,877$2,997,566$4,148,951
61$4,894,905$3,402,027$3,044,735$4,419,196
62$5,339,259$3,513,799$3,091,806$4,712,785
63$5,827,206$3,629,318$3,138,725$5,031,988
64$6,363,139$3,748,713$3,185,430$5,379,298
65$6,951,897$3,872,117$3,231,859$5,757,463
66$7,598,808$3,999,669$3,277,945$6,169,508
67$8,309,746$4,131,512$3,323,616$6,618,760
68$9,091,180$4,267,796$3,368,796$7,108,886
69$9,950,235$4,408,673$3,413,406$7,643,921
70$10,894,764$4,554,303$3,457,360$8,228,310
71$11,933,418$4,704,852$3,500,569$8,866,946
72$13,075,728$4,860,490$3,542,939$9,565,218
73$14,332,193$5,021,396$3,584,369$10,329,061
74$15,714,384$5,187,752$3,624,753$11,165,013
75$17,235,049$5,359,749$3,663,980$12,080,271
76$18,908,232$5,537,584$3,701,931$13,082,766
77$20,749,409$5,721,463$3,738,483$14,181,232
78$22,775,630$5,911,597$3,773,504$15,385,289
79$25,005,685$6,108,205$3,806,856$16,705,536
80$27,460,273$6,311,516$3,838,394$18,153,646
81$30,162,206$6,521,765$3,867,966$19,742,479
82$33,136,617$6,739,197$3,895,408$21,486,202
83$36,411,201$6,964,067$3,920,553$23,400,424
84$40,016,473$7,196,636$3,943,222$25,502,336
85$43,986,061$7,437,179$3,963,227$27,810,884
86$48,357,015$7,685,977$3,980,372$30,346,936
87$53,170,165$7,943,324$3,994,448$33,133,485
88$58,470,499$8,209,524$4,005,239$36,195,864
89$64,307,592$8,484,892$4,012,517$39,561,983
90$70,736,071$8,769,756$4,016,041$43,262,596
91$77,816,131$9,064,456$4,015,559$47,331,583
92$85,614,105$9,369,343$4,010,809$51,806,278
93$94,203,085$9,684,782$4,001,512$56,727,815
94$103,663,616$10,011,152$3,987,379$62,141,516
95$114,084,453$10,348,847$3,968,104$68,097,321
96$125,563,400$10,698,274$3,943,369$74,650,257
97$138,208,234$11,059,856$3,912,839$81,860,955
98$152,137,718$11,434,033$3,876,163$89,796,225
99$167,482,725$11,821,260$3,832,974$98,529,682
100$184,387,471$12,222,011$3,782,888$108,142,445