Can I retire at age 55 with 2,690,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$222,138$220,159$218,229$216,344$214,504$212,088
2 years$109,969$107,921$105,936$104,012$102,145$99,712
3 years$72,585$70,528$68,548$66,641$64,805$62,431
4 years$53,896$51,845$49,885$48,011$46,219$43,924
5 years$42,686$40,647$38,713$36,877$35,135$32,924
6 years$35,215$33,192$31,286$29,491$27,801$25,677
7 years$29,880$27,874$25,999$24,246$22,610$20,573
8 years$25,881$23,893$22,049$20,340$18,757$16,808
9 years$22,773$20,803$18,991$17,325$15,796$13,934
10 years$20,287$18,337$16,557$14,934$13,459$11,683
11 years$18,255$16,325$14,576$12,997$11,575$9,883
12 years$16,562$14,652$12,936$11,400$10,031$8,421
13 years$15,132$13,241$11,557$10,065$8,747$7,218
14 years$13,906$12,036$10,384$8,934$7,668$6,217
15 years$12,845$10,995$9,376$7,968$6,751$5,377
16 years$11,918$10,088$8,500$7,134$5,967$4,666
17 years$11,100$9,290$7,735$6,410$5,291$4,061
18 years$10,374$8,585$7,061$5,777$4,704$3,543
19 years$9,726$7,956$6,464$5,220$4,193$3,098
20 years$9,142$7,393$5,932$4,728$3,745$2,713
21 years$8,616$6,887$5,457$4,291$3,352$2,381
22 years$8,137$6,428$5,029$3,901$3,004$2,092
23 years$7,701$6,012$4,644$3,553$2,697$1,840
24 years$7,302$5,633$4,295$3,240$2,424$1,620
25 years$6,935$5,286$3,978$2,959$2,181$1,428
26 years$6,597$4,968$3,689$2,706$1,965$1,259
27 years$6,285$4,676$3,426$2,477$1,771$1,112
28 years$5,995$4,406$3,185$2,269$1,598$982
29 years$5,726$4,157$2,963$2,081$1,443$868
30 years$5,476$3,925$2,760$1,910$1,304$767
31 years$5,242$3,711$2,573$1,754$1,179$678
32 years$5,023$3,511$2,401$1,612$1,066$600
33 years$4,817$3,325$2,242$1,482$965$531
34 years$4,625$3,152$2,095$1,364$874$470
35 years$4,443$2,989$1,958$1,256$791$417
36 years$4,272$2,837$1,832$1,156$717$369
37 years$4,111$2,695$1,715$1,065$650$327
38 years$3,959$2,561$1,606$982$589$290
39 years$3,814$2,435$1,504$905$534$257
40 years$3,678$2,317$1,410$835$485$228
41 years$3,548$2,205$1,322$771$440$202
42 years$3,425$2,100$1,240$711$399$179
43 years$3,308$2,001$1,164$656$362$159
44 years$3,196$1,908$1,092$606$329$141
45 years$3,090$1,819$1,026$560$298$125
46 years$2,989$1,735$963$517$271$111
47 years$2,892$1,656$905$478$246$98
48 years$2,799$1,581$851$441$223$87
49 years$2,711$1,510$799$408$203$77
50 years$2,626$1,442$752$377$184$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,690,000, adding $5,069 every year, while hoping to spend $37,019 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: 57/32/11 Blend
54$2,690,000$2,690,000$2,690,000$2,690,000
55$2,969,609$2,827,039$2,785,344$3,130,557
56$3,233,121$2,926,176$2,839,265$3,338,946
57$3,522,271$3,028,930$2,893,751$3,561,355
58$3,839,634$3,135,439$2,948,784$3,802,812
59$4,188,048$3,245,847$3,004,339$4,065,145
60$4,570,638$3,360,303$3,060,394$4,350,364
61$4,990,849$3,478,963$3,116,923$4,660,682
62$5,452,471$3,601,988$3,173,896$4,998,532
63$5,959,685$3,729,548$3,231,283$5,366,593
64$6,517,093$3,861,816$3,289,052$5,767,810
65$7,129,767$3,998,975$3,347,165$6,205,426
66$7,803,293$4,141,215$3,405,585$6,683,010
67$8,543,827$4,288,732$3,464,270$7,204,491
68$9,358,151$4,441,733$3,523,176$7,774,191
69$10,253,735$4,600,431$3,582,255$8,396,871
70$11,238,812$4,765,048$3,641,457$9,077,770
71$12,322,451$4,935,816$3,700,726$9,822,657
72$13,514,646$5,112,976$3,760,006$10,637,884
73$14,826,407$5,296,779$3,819,233$11,530,444
74$16,269,866$5,487,486$3,878,342$12,508,037
75$17,858,389$5,685,369$3,937,263$13,579,144
76$19,606,705$5,890,712$3,995,922$14,753,103
77$21,531,042$6,103,810$4,054,238$16,040,197
78$23,649,281$6,324,970$4,112,129$17,451,752
79$25,981,126$6,554,512$4,169,504$19,000,243
80$28,548,288$6,792,770$4,226,268$20,699,408
81$31,374,688$7,040,091$4,282,323$22,564,379
82$34,486,687$7,296,836$4,337,562$24,611,823
83$37,913,331$7,563,383$4,391,872$26,860,099
84$41,686,626$7,840,124$4,445,135$29,329,430
85$45,841,841$8,127,469$4,497,226$32,042,094
86$50,417,837$8,425,844$4,548,012$35,022,629
87$55,457,440$8,735,693$4,597,353$38,298,068
88$61,007,836$9,057,480$4,645,102$41,898,191
89$67,121,026$9,391,687$4,691,104$45,855,806
90$73,854,309$9,738,817$4,735,194$50,207,055
91$81,270,825$10,099,396$4,777,199$54,991,756
92$89,440,152$10,473,969$4,816,938$60,253,776
93$98,438,961$10,863,107$4,854,219$66,041,446
94$108,351,739$11,267,404$4,888,840$72,408,012
95$119,271,590$11,687,479$4,920,589$79,412,139
96$131,301,106$12,123,980$4,949,243$87,118,464
97$144,553,343$12,577,579$4,974,567$95,598,200
98$159,152,883$13,048,980$4,996,314$104,929,810
99$175,237,012$13,538,914$5,014,225$115,199,746
100$192,957,014$14,048,148$5,028,028$126,503,261