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

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$222,138$220,159$218,229$216,344$214,504$211,386
2 years$109,969$107,921$105,936$104,012$102,145$99,010
3 years$72,585$70,528$68,548$66,641$64,805$61,751
4 years$53,896$51,845$49,885$48,011$46,219$43,269
5 years$42,686$40,647$38,713$36,877$35,135$32,298
6 years$35,215$33,192$31,286$29,491$27,801$25,080
7 years$29,880$27,874$25,999$24,246$22,610$20,006
8 years$25,881$23,893$22,049$20,340$18,757$16,270
9 years$22,773$20,803$18,991$17,325$15,796$13,424
10 years$20,287$18,337$16,557$14,934$13,459$11,201
11 years$18,255$16,325$14,576$12,997$11,575$9,428
12 years$16,562$14,652$12,936$11,400$10,031$7,993
13 years$15,132$13,241$11,557$10,065$8,747$6,815
14 years$13,906$12,036$10,384$8,934$7,668$5,839
15 years$12,845$10,995$9,376$7,968$6,751$5,022
16 years$11,918$10,088$8,500$7,134$5,967$4,334
17 years$11,100$9,290$7,735$6,410$5,291$3,751
18 years$10,374$8,585$7,061$5,777$4,704$3,254
19 years$9,726$7,956$6,464$5,220$4,193$2,828
20 years$9,142$7,393$5,932$4,728$3,745$2,463
21 years$8,616$6,887$5,457$4,291$3,352$2,148
22 years$8,137$6,428$5,029$3,901$3,004$1,876
23 years$7,701$6,012$4,644$3,553$2,697$1,640
24 years$7,302$5,633$4,295$3,240$2,424$1,435
25 years$6,935$5,286$3,978$2,959$2,181$1,257
26 years$6,597$4,968$3,689$2,706$1,965$1,101
27 years$6,285$4,676$3,426$2,477$1,771$966
28 years$5,995$4,406$3,185$2,269$1,598$848
29 years$5,726$4,157$2,963$2,081$1,443$744
30 years$5,476$3,925$2,760$1,910$1,304$654
31 years$5,242$3,711$2,573$1,754$1,179$574
32 years$5,023$3,511$2,401$1,612$1,066$505
33 years$4,817$3,325$2,242$1,482$965$444
34 years$4,625$3,152$2,095$1,364$874$390
35 years$4,443$2,989$1,958$1,256$791$343
36 years$4,272$2,837$1,832$1,156$717$302
37 years$4,111$2,695$1,715$1,065$650$266
38 years$3,959$2,561$1,606$982$589$234
39 years$3,814$2,435$1,504$905$534$206
40 years$3,678$2,317$1,410$835$485$181
41 years$3,548$2,205$1,322$771$440$160
42 years$3,425$2,100$1,240$711$399$141
43 years$3,308$2,001$1,164$656$362$124
44 years$3,196$1,908$1,092$606$329$109
45 years$3,090$1,819$1,026$560$298$96
46 years$2,989$1,735$963$517$271$85
47 years$2,892$1,656$905$478$246$74
48 years$2,799$1,581$851$441$223$66
49 years$2,711$1,510$799$408$203$58
50 years$2,626$1,442$752$377$184$51

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 $4,991 every year, while hoping to spend $27,972 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: 68/27/5 Blend
54$2,690,000$2,690,000$2,690,000$2,690,000
55$2,969,528$2,826,958$2,785,263$3,169,420
56$3,242,658$2,935,717$2,848,808$3,411,121
57$3,542,710$3,048,868$2,913,543$3,671,440
58$3,872,400$3,166,596$2,979,480$3,955,329
59$4,234,720$3,289,095$3,046,629$4,265,087
60$4,632,969$3,416,568$3,114,998$4,603,243
61$5,070,777$3,549,225$3,184,596$4,972,577
62$5,552,148$3,687,288$3,255,431$5,376,153
63$6,081,488$3,830,987$3,327,510$5,817,340
64$6,663,657$3,980,562$3,400,838$6,299,845
65$7,304,006$4,136,265$3,475,422$6,827,752
66$8,008,430$4,298,358$3,551,264$7,405,553
67$8,783,428$4,467,116$3,628,369$8,038,194
68$9,636,156$4,642,823$3,706,739$8,731,121
69$10,574,503$4,825,780$3,786,373$9,490,330
70$11,607,158$5,016,299$3,867,273$10,322,419
71$12,743,697$5,214,707$3,949,435$11,234,659
72$13,994,670$5,421,343$4,032,856$12,235,050
73$15,371,702$5,636,564$4,117,533$13,332,405
74$16,887,603$5,860,744$4,203,458$14,536,429
75$18,556,487$6,094,269$4,290,623$15,857,808
76$20,393,908$6,337,547$4,379,018$17,308,312
77$22,417,003$6,591,003$4,468,630$18,900,902
78$24,644,655$6,855,080$4,559,447$20,649,854
79$27,097,672$7,130,241$4,651,452$22,570,892
80$29,798,984$7,416,973$4,744,625$24,681,334
81$32,773,857$7,715,781$4,838,946$27,000,256
82$36,050,131$8,027,195$4,934,391$29,548,670
83$39,658,485$8,351,768$5,030,934$32,349,721
84$43,632,725$8,690,079$5,128,545$35,428,904
85$48,010,104$9,042,734$5,227,192$38,814,305
86$52,831,671$9,410,364$5,326,839$42,536,861
87$58,142,660$9,793,631$5,427,447$46,630,656
88$63,992,918$10,193,226$5,528,974$51,133,236
89$70,437,374$10,609,872$5,631,372$56,085,965
90$77,536,555$11,044,324$5,734,592$61,534,411
91$85,357,161$11,497,374$5,838,579$67,528,778
92$93,972,694$11,969,847$5,943,273$74,124,376
93$103,464,147$12,462,609$6,048,611$81,382,141
94$113,920,776$12,976,562$6,154,525$89,369,209
95$125,440,933$13,512,652$6,260,940$98,159,547
96$138,133,005$14,071,868$6,367,778$107,834,650
97$152,116,426$14,655,244$6,474,953$118,484,307
98$167,522,813$15,263,862$6,582,376$130,207,449
99$184,497,202$15,898,854$6,689,947$143,113,075
100$203,199,421$16,561,403$6,797,565$157,321,285