Can I retire at age 55 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$221,312$219,341$217,417$215,540$213,707$210,774
2 years$109,560$107,520$105,542$103,625$101,765$98,816
3 years$72,315$70,265$68,293$66,394$64,564$61,690
4 years$53,696$51,653$49,700$47,833$46,048$43,270
5 years$42,527$40,496$38,569$36,740$35,005$32,333
6 years$35,084$33,068$31,170$29,381$27,698$25,134
7 years$29,769$27,771$25,902$24,156$22,526$20,071
8 years$25,785$23,805$21,967$20,264$18,687$16,342
9 years$22,688$20,726$18,920$17,260$15,737$13,500
10 years$20,212$18,269$16,495$14,879$13,409$11,277
11 years$18,187$16,264$14,522$12,949$11,532$9,505
12 years$16,501$14,598$12,888$11,358$9,994$8,068
13 years$15,075$13,192$11,514$10,027$8,715$6,888
14 years$13,855$11,991$10,346$8,901$7,639$5,909
15 years$12,797$10,954$9,341$7,938$6,726$5,089
16 years$11,873$10,050$8,469$7,108$5,945$4,398
17 years$11,059$9,256$7,706$6,386$5,271$3,812
18 years$10,336$8,553$7,035$5,755$4,687$3,311
19 years$9,689$7,927$6,440$5,200$4,177$2,883
20 years$9,108$7,366$5,910$4,710$3,731$2,514
21 years$8,584$6,861$5,436$4,275$3,339$2,196
22 years$8,107$6,404$5,011$3,887$2,993$1,920
23 years$7,672$5,990$4,626$3,540$2,687$1,681
24 years$7,275$5,612$4,279$3,228$2,415$1,474
25 years$6,909$5,267$3,963$2,948$2,173$1,293
26 years$6,573$4,950$3,675$2,696$1,957$1,135
27 years$6,262$4,658$3,413$2,468$1,765$997
28 years$5,973$4,390$3,173$2,261$1,592$876
29 years$5,705$4,141$2,952$2,073$1,438$771
30 years$5,455$3,911$2,750$1,903$1,299$678
31 years$5,222$3,697$2,564$1,747$1,175$597
32 years$5,004$3,498$2,392$1,606$1,062$525
33 years$4,799$3,313$2,234$1,477$962$463
34 years$4,607$3,140$2,087$1,359$871$407
35 years$4,427$2,978$1,951$1,251$789$359
36 years$4,256$2,827$1,825$1,152$714$316
37 years$4,096$2,685$1,708$1,061$648$279
38 years$3,944$2,551$1,600$978$587$246
39 years$3,800$2,426$1,499$902$532$217
40 years$3,664$2,308$1,405$832$483$191
41 years$3,535$2,197$1,317$768$438$169
42 years$3,412$2,093$1,236$708$397$149
43 years$3,295$1,994$1,160$654$361$131
44 years$3,184$1,900$1,088$604$327$116
45 years$3,078$1,812$1,022$558$297$102
46 years$2,977$1,729$960$515$270$90
47 years$2,881$1,650$902$476$245$79
48 years$2,789$1,575$847$440$223$70
49 years$2,701$1,504$797$406$202$62
50 years$2,617$1,437$749$376$184$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,680,000, adding $5,853 every year, while hoping to spend $34,373 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: 35/43/22 Blend
54$2,680,000$2,680,000$2,680,000$2,680,000
55$2,959,397$2,817,357$2,775,817$3,043,015
56$3,224,683$2,918,835$2,832,235$3,206,670
57$3,515,876$3,024,134$2,889,390$3,379,550
58$3,835,583$3,133,403$2,947,271$3,565,385
59$4,186,673$3,246,801$3,005,866$3,765,353
60$4,572,311$3,364,491$3,065,160$3,980,742
61$4,995,980$3,486,644$3,125,135$4,212,971
62$5,461,517$3,613,437$3,185,775$4,463,595
63$5,973,151$3,745,055$3,247,058$4,734,325
64$6,535,541$3,881,691$3,308,963$5,027,038
65$7,153,818$4,023,546$3,371,465$5,343,800
66$7,833,637$4,170,829$3,434,538$5,686,879
67$8,581,226$4,323,758$3,498,153$6,058,771
68$9,403,448$4,482,559$3,562,279$6,462,217
69$10,307,866$4,647,471$3,626,881$6,900,233
70$11,302,811$4,818,739$3,691,924$7,376,137
71$12,397,461$4,996,621$3,757,367$7,893,574
72$13,601,931$5,181,384$3,823,168$8,456,559
73$14,927,365$5,373,309$3,889,281$9,069,504
74$16,386,042$5,572,687$3,955,657$9,737,265
75$17,991,490$5,779,820$4,022,243$10,465,187
76$19,758,617$5,995,026$4,088,984$11,259,149
77$21,703,848$6,218,635$4,155,817$12,125,622
78$23,845,284$6,450,992$4,222,681$13,071,727
79$26,202,867$6,692,454$4,289,504$14,105,303
80$28,798,573$6,943,398$4,356,216$15,234,979
81$31,656,615$7,204,212$4,422,737$16,470,251
82$34,803,676$7,475,305$4,488,985$17,821,578
83$38,269,157$7,757,101$4,554,872$19,300,470
84$42,085,456$8,050,043$4,620,305$20,919,602
85$46,288,271$8,354,595$4,685,184$22,692,930
86$50,916,942$8,671,237$4,749,405$24,635,820
87$56,014,817$9,000,474$4,812,857$26,765,193
88$61,629,661$9,342,830$4,875,420$29,099,684
89$67,814,112$9,698,854$4,936,972$31,659,812
90$74,626,170$10,069,117$4,997,380$34,468,178
91$82,129,752$10,454,216$5,056,505$37,549,672
92$90,395,288$10,854,774$5,114,199$40,931,705
93$99,500,390$11,271,441$5,170,307$44,644,472
94$109,530,583$11,704,895$5,224,666$48,721,228
95$120,580,112$12,155,844$5,277,102$53,198,604
96$132,752,832$12,625,029$5,327,433$58,116,948
97$146,163,186$13,113,220$5,375,467$63,520,707
98$160,937,287$13,621,224$5,421,001$69,458,840
99$177,214,108$14,149,882$5,463,823$75,985,280
100$195,146,794$14,700,073$5,503,707$83,159,440