Can I retire at age 55 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$222,963$220,977$219,040$217,149$215,302$213,498
2 years$110,378$108,322$106,330$104,398$102,525$100,707
3 years$72,854$70,790$68,803$66,889$65,046$63,270
4 years$54,096$52,038$50,071$48,190$46,391$44,671
5 years$42,844$40,798$38,857$37,014$35,266$33,607
6 years$35,345$33,315$31,402$29,601$27,905$26,308
7 years$29,991$27,978$26,095$24,336$22,694$21,161
8 years$25,977$23,982$22,131$20,415$18,827$17,358
9 years$22,857$20,881$19,061$17,389$15,855$14,449
10 years$20,362$18,405$16,618$14,990$13,509$12,166
11 years$18,323$16,385$14,630$13,045$11,618$10,337
12 years$16,624$14,707$12,984$11,443$10,068$8,847
13 years$15,188$13,290$11,600$10,102$8,780$7,617
14 years$13,958$12,081$10,423$8,968$7,696$6,591
15 years$12,893$11,036$9,411$7,997$6,776$5,727
16 years$11,962$10,125$8,532$7,161$5,989$4,994
17 years$11,141$9,325$7,764$6,434$5,310$4,367
18 years$10,413$8,617$7,087$5,798$4,722$3,830
19 years$9,762$7,986$6,488$5,239$4,208$3,365
20 years$9,176$7,421$5,954$4,745$3,759$2,963
21 years$8,648$6,912$5,477$4,307$3,364$2,613
22 years$8,167$6,452$5,048$3,916$3,015$2,308
23 years$7,730$6,035$4,661$3,566$2,707$2,041
24 years$7,329$5,654$4,310$3,252$2,433$1,807
25 years$6,961$5,306$3,992$2,970$2,189$1,601
26 years$6,622$4,987$3,703$2,716$1,972$1,420
27 years$6,308$4,693$3,438$2,486$1,778$1,261
28 years$6,018$4,422$3,196$2,278$1,604$1,120
29 years$5,748$4,172$2,974$2,089$1,449$995
30 years$5,496$3,940$2,771$1,917$1,309$885
31 years$5,261$3,725$2,583$1,760$1,183$787
32 years$5,041$3,524$2,410$1,618$1,070$700
33 years$4,835$3,338$2,250$1,488$969$623
34 years$4,642$3,163$2,102$1,369$877$555
35 years$4,460$3,000$1,966$1,260$794$495
36 years$4,288$2,848$1,839$1,161$720$441
37 years$4,126$2,705$1,721$1,069$652$393
38 years$3,973$2,570$1,612$986$591$350
39 years$3,829$2,444$1,510$909$536$312
40 years$3,691$2,325$1,415$838$486$278
41 years$3,561$2,214$1,327$773$441$248
42 years$3,437$2,108$1,245$714$400$221
43 years$3,320$2,009$1,168$659$363$197
44 years$3,208$1,915$1,097$608$330$176
45 years$3,101$1,826$1,030$562$299$157
46 years$3,000$1,742$967$519$272$140
47 years$2,903$1,662$909$479$247$125
48 years$2,810$1,587$854$443$224$112
49 years$2,721$1,515$802$409$204$100
50 years$2,636$1,447$754$378$185$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,700,000, adding $5,869 every year, while hoping to spend $58,857 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: 74/9/17 Blend
54$2,700,000$2,700,000$2,700,000$2,700,000
55$2,981,454$2,838,354$2,796,504$3,190,099
56$3,222,939$2,914,810$2,827,563$3,405,578
57$3,487,083$2,993,039$2,857,691$3,633,829
58$3,776,134$3,073,068$2,886,793$3,882,388
59$4,092,570$3,154,918$2,914,770$4,153,258
60$4,439,118$3,238,615$2,941,521$4,448,647
61$4,818,780$3,324,179$2,966,934$4,770,988
62$5,234,864$3,411,632$2,990,895$5,122,960
63$5,691,013$3,500,995$3,013,282$5,507,514
64$6,191,238$3,592,285$3,033,969$5,927,900
65$6,739,957$3,685,521$3,052,820$6,387,701
66$7,342,039$3,780,717$3,069,695$6,890,862
67$8,002,842$3,877,888$3,084,446$7,441,730
68$8,728,273$3,977,045$3,096,916$8,045,094
69$9,524,836$4,078,200$3,106,942$8,706,231
70$10,399,696$4,181,358$3,114,351$9,430,956
71$11,360,747$4,286,526$3,118,963$10,225,674
72$12,416,684$4,393,707$3,120,589$11,097,442
73$13,577,086$4,502,899$3,119,029$12,054,039
74$14,852,507$4,614,099$3,114,075$13,104,034
75$16,254,574$4,727,301$3,105,508$14,256,868
76$17,796,095$4,842,494$3,093,097$15,522,947
77$19,491,184$4,959,663$3,076,603$16,913,736
78$21,355,388$5,078,789$3,055,772$18,441,868
79$23,405,838$5,199,851$3,030,341$20,121,264
80$25,661,408$5,322,818$3,000,032$21,967,265
81$28,142,894$5,447,659$2,964,556$23,996,776
82$30,873,208$5,574,333$2,923,608$26,228,424
83$33,877,597$5,702,796$2,876,869$28,682,737
84$37,183,875$5,832,997$2,824,008$31,382,336
85$40,822,693$5,964,876$2,764,675$34,352,148
86$44,827,821$6,098,369$2,698,505$37,619,642
87$49,236,470$6,233,400$2,625,117$41,215,090
88$54,089,643$6,369,889$2,544,110$45,171,850
89$59,432,517$6,507,745$2,455,069$49,526,683
90$65,314,875$6,646,865$2,357,554$54,320,100
91$71,791,570$6,787,140$2,251,111$59,596,742
92$78,923,048$6,928,448$2,135,261$65,405,806
93$86,775,913$7,070,655$2,009,506$71,801,507
94$95,423,554$7,213,616$1,873,323$78,843,588
95$104,946,845$7,357,171$1,726,167$86,597,888
96$115,434,899$7,501,149$1,567,470$95,136,963
97$126,985,915$7,645,360$1,396,636$104,540,769
98$139,708,098$7,789,603$1,213,043$114,897,419
99$153,720,687$7,933,657$1,016,044$126,304,015
100$169,155,075$8,077,284$804,959$138,867,563