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%14.6%
1 years$220,486$218,522$216,606$214,736$212,910$208,867
2 years$109,152$107,119$105,149$103,238$101,385$97,329
3 years$72,045$70,003$68,038$66,146$64,323$60,378
4 years$53,495$51,460$49,514$47,654$45,876$42,073
5 years$42,368$40,345$38,425$36,603$34,874$31,225
6 years$34,953$32,945$31,053$29,272$27,595$24,102
7 years$29,658$27,667$25,805$24,066$22,442$19,108
8 years$25,689$23,716$21,885$20,188$18,618$15,441
9 years$22,603$20,649$18,850$17,196$15,679$12,657
10 years$20,136$18,201$16,433$14,823$13,359$10,490
11 years$18,119$16,203$14,468$12,901$11,489$8,769
12 years$16,439$14,543$12,840$11,316$9,956$7,382
13 years$15,019$13,143$11,471$9,990$8,682$6,248
14 years$13,803$11,946$10,307$8,868$7,611$5,314
15 years$12,750$10,913$9,306$7,909$6,701$4,536
16 years$11,829$10,013$8,437$7,081$5,922$3,885
17 years$11,018$9,221$7,678$6,362$5,251$3,336
18 years$10,297$8,521$7,009$5,734$4,669$2,871
19 years$9,653$7,897$6,416$5,181$4,162$2,475
20 years$9,074$7,338$5,888$4,692$3,717$2,138
21 years$8,552$6,835$5,416$4,259$3,327$1,849
22 years$8,077$6,381$4,992$3,872$2,982$1,601
23 years$7,644$5,968$4,609$3,526$2,677$1,388
24 years$7,248$5,591$4,263$3,216$2,406$1,204
25 years$6,884$5,247$3,948$2,937$2,165$1,045
26 years$6,548$4,931$3,662$2,686$1,950$908
27 years$6,238$4,641$3,400$2,458$1,758$789
28 years$5,951$4,373$3,161$2,252$1,586$687
29 years$5,684$4,126$2,941$2,065$1,432$597
30 years$5,435$3,896$2,740$1,896$1,294$520
31 years$5,203$3,683$2,554$1,741$1,170$453
32 years$4,985$3,485$2,383$1,600$1,059$394
33 years$4,782$3,300$2,225$1,471$958$344
34 years$4,590$3,128$2,079$1,354$867$299
35 years$4,410$2,967$1,944$1,246$786$261
36 years$4,241$2,816$1,818$1,148$712$227
37 years$4,080$2,675$1,702$1,057$645$198
38 years$3,929$2,542$1,594$975$585$173
39 years$3,786$2,417$1,493$899$530$151
40 years$3,650$2,300$1,400$829$481$131
41 years$3,522$2,189$1,312$765$436$115
42 years$3,399$2,085$1,231$706$396$100
43 years$3,283$1,986$1,155$652$359$87
44 years$3,172$1,893$1,084$602$326$76
45 years$3,067$1,806$1,018$556$296$66
46 years$2,966$1,722$956$513$269$58
47 years$2,870$1,644$898$474$244$50
48 years$2,779$1,569$844$438$222$44
49 years$2,691$1,498$794$405$201$38
50 years$2,607$1,431$746$374$183$34

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 $3,365 every year, while hoping to spend $43,883 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: 51/24/25 Blend
54$2,670,000$2,670,000$2,670,000$2,670,000
55$2,945,811$2,804,301$2,762,916$3,075,233
56$3,199,593$2,895,021$2,808,783$3,256,174
57$3,477,789$2,988,715$2,854,715$3,448,088
58$3,782,844$3,085,483$2,900,669$3,655,880
59$4,117,451$3,185,427$2,946,597$3,881,077
60$4,484,573$3,288,655$2,992,450$4,125,360
61$4,887,476$3,395,276$3,038,174$4,390,576
62$5,329,758$3,505,404$3,083,712$4,678,763
63$5,815,381$3,619,157$3,129,004$4,992,162
64$6,348,710$3,736,656$3,173,986$5,333,239
65$6,934,554$3,858,027$3,218,590$5,704,712
66$7,578,210$3,983,402$3,262,744$6,109,572
67$8,285,512$4,112,914$3,306,372$6,551,113
68$9,062,892$4,246,704$3,349,392$7,032,964
69$9,917,429$4,384,915$3,391,720$7,559,117
70$10,856,929$4,527,698$3,433,264$8,133,975
71$11,889,987$4,675,206$3,473,930$8,762,382
72$13,026,075$4,827,601$3,513,616$9,449,675
73$14,275,628$4,985,047$3,552,215$10,201,735
74$15,650,144$5,147,716$3,589,616$11,025,038
75$17,162,290$5,315,785$3,625,700$11,926,716
76$18,826,024$5,489,439$3,660,341$12,914,628
77$20,656,724$5,668,866$3,693,407$13,997,432
78$22,671,334$5,854,265$3,724,761$15,184,663
79$24,888,524$6,045,838$3,754,255$16,486,830
80$27,328,867$6,243,797$3,781,735$17,915,506
81$30,015,028$6,448,360$3,807,040$19,483,444
82$32,971,984$6,659,753$3,830,000$21,204,696
83$36,227,255$6,878,210$3,850,434$23,094,740
84$39,811,167$7,103,974$3,868,154$25,170,631
85$43,757,132$7,337,295$3,882,964$27,451,163
86$48,101,970$7,578,433$3,894,654$29,957,039
87$52,886,253$7,827,658$3,903,007$32,711,074
88$58,154,686$8,085,248$3,907,792$35,738,403
89$63,956,531$8,351,493$3,908,770$39,066,725
90$70,346,071$8,626,690$3,905,688$42,726,557
91$77,383,122$8,911,150$3,898,281$46,751,527
92$85,133,598$9,205,194$3,886,271$51,178,689
93$93,670,131$9,509,154$3,869,367$56,048,873
94$103,072,756$9,823,374$3,847,262$61,407,068
95$113,429,670$10,148,212$3,819,638$67,302,849
96$124,838,059$10,484,037$3,786,159$73,790,845
97$137,405,019$10,831,232$3,746,472$80,931,250
98$151,248,562$11,190,195$3,700,211$88,790,396
99$166,498,737$11,561,336$3,646,989$97,441,377
100$183,298,848$11,945,081$3,586,404$106,964,736