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%15.4%
1 years$220,486$218,522$216,606$214,736$212,910$208,185
2 years$109,152$107,119$105,149$103,238$101,385$96,651
3 years$72,045$70,003$68,038$66,146$64,323$59,725
4 years$53,495$51,460$49,514$47,654$45,876$41,450
5 years$42,368$40,345$38,425$36,603$34,874$30,634
6 years$34,953$32,945$31,053$29,272$27,595$23,544
7 years$29,658$27,667$25,805$24,066$22,442$18,581
8 years$25,689$23,716$21,885$20,188$18,618$14,945
9 years$22,603$20,649$18,850$17,196$15,679$12,192
10 years$20,136$18,201$16,433$14,823$13,359$10,055
11 years$18,119$16,203$14,468$12,901$11,489$8,363
12 years$16,439$14,543$12,840$11,316$9,956$7,003
13 years$15,019$13,143$11,471$9,990$8,682$5,897
14 years$13,803$11,946$10,307$8,868$7,611$4,988
15 years$12,750$10,913$9,306$7,909$6,701$4,234
16 years$11,829$10,013$8,437$7,081$5,922$3,605
17 years$11,018$9,221$7,678$6,362$5,251$3,078
18 years$10,297$8,521$7,009$5,734$4,669$2,634
19 years$9,653$7,897$6,416$5,181$4,162$2,257
20 years$9,074$7,338$5,888$4,692$3,717$1,938
21 years$8,552$6,835$5,416$4,259$3,327$1,666
22 years$8,077$6,381$4,992$3,872$2,982$1,434
23 years$7,644$5,968$4,609$3,526$2,677$1,235
24 years$7,248$5,591$4,263$3,216$2,406$1,065
25 years$6,884$5,247$3,948$2,937$2,165$919
26 years$6,548$4,931$3,662$2,686$1,950$793
27 years$6,238$4,641$3,400$2,458$1,758$685
28 years$5,951$4,373$3,161$2,252$1,586$592
29 years$5,684$4,126$2,941$2,065$1,432$512
30 years$5,435$3,896$2,740$1,896$1,294$442
31 years$5,203$3,683$2,554$1,741$1,170$383
32 years$4,985$3,485$2,383$1,600$1,059$331
33 years$4,782$3,300$2,225$1,471$958$286
34 years$4,590$3,128$2,079$1,354$867$248
35 years$4,410$2,967$1,944$1,246$786$215
36 years$4,241$2,816$1,818$1,148$712$186
37 years$4,080$2,675$1,702$1,057$645$161
38 years$3,929$2,542$1,594$975$585$139
39 years$3,786$2,417$1,493$899$530$121
40 years$3,650$2,300$1,400$829$481$105
41 years$3,522$2,189$1,312$765$436$91
42 years$3,399$2,085$1,231$706$396$78
43 years$3,283$1,986$1,155$652$359$68
44 years$3,172$1,893$1,084$602$326$59
45 years$3,067$1,806$1,018$556$296$51
46 years$2,966$1,722$956$513$269$44
47 years$2,870$1,644$898$474$244$38
48 years$2,779$1,569$844$438$222$33
49 years$2,691$1,498$794$405$201$29
50 years$2,607$1,431$746$374$183$25

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 $2,133 every year, while hoping to spend $26,390 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: 34/46/20 Blend
54$2,670,000$2,670,000$2,670,000$2,670,000
55$2,944,540$2,803,030$2,761,645$3,026,526
56$3,216,805$2,912,300$2,826,082$3,196,519
57$3,515,955$3,026,039$2,891,792$3,377,128
58$3,844,707$3,144,440$2,958,791$3,571,345
59$4,206,051$3,267,701$3,027,094$3,780,390
60$4,603,280$3,396,031$3,096,715$4,005,600
61$5,040,026$3,529,647$3,167,666$4,248,446
62$5,520,288$3,668,779$3,239,961$4,510,536
63$6,048,470$3,813,662$3,313,613$4,793,639
64$6,629,428$3,964,545$3,388,633$5,099,697
65$7,268,510$4,121,689$3,465,033$5,430,840
66$7,971,610$4,285,363$3,542,823$5,789,411
67$8,745,219$4,455,851$3,622,013$6,177,980
68$9,596,493$4,633,449$3,702,611$6,599,372
69$10,533,313$4,818,466$3,784,627$7,056,692
70$11,564,365$5,011,225$3,868,066$7,553,352
71$12,699,219$5,212,063$3,952,935$8,093,102
72$13,948,420$5,421,335$4,039,239$8,680,063
73$15,323,586$5,639,408$4,126,981$9,318,769
74$16,837,521$5,866,668$4,216,164$10,014,202
75$18,504,332$6,103,518$4,306,788$10,771,843
76$20,339,562$6,350,379$4,398,855$11,597,720
77$22,360,342$6,607,692$4,492,361$12,498,462
78$24,585,545$6,875,917$4,587,303$13,481,363
79$27,035,968$7,155,535$4,683,675$14,554,447
80$29,734,530$7,447,049$4,781,471$15,726,541
81$32,706,483$7,750,986$4,880,682$17,007,360
82$35,979,655$8,067,894$4,981,295$18,407,592
83$39,584,709$8,398,351$5,083,298$19,939,003
84$43,555,436$8,742,956$5,186,675$21,614,539
85$47,929,068$9,102,339$5,291,406$23,448,452
86$52,746,637$9,477,158$5,397,473$25,456,426
87$58,053,356$9,868,100$5,504,849$27,655,731
88$63,899,046$10,275,885$5,613,510$30,065,375
89$70,338,611$10,701,265$5,723,425$32,706,286
90$77,432,550$11,145,028$5,834,560$35,601,505
91$85,247,532$11,607,996$5,946,879$38,776,402
92$93,857,023$12,091,031$6,060,343$42,258,910
93$103,341,981$12,595,033$6,174,906$46,079,788
94$113,791,618$13,120,945$6,290,520$50,272,907
95$125,304,244$13,669,752$6,407,134$54,875,567
96$137,988,193$14,242,486$6,524,689$59,928,844
97$151,962,846$14,840,225$6,643,124$65,477,976
98$167,359,760$15,464,100$6,762,372$71,572,787
99$184,323,905$16,115,291$6,882,361$78,268,148
100$203,015,037$16,795,033$7,003,013$85,624,497