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%13.6%
1 years$222,963$220,977$219,040$217,149$215,302$212,084
2 years$110,378$108,322$106,330$104,398$102,525$99,290
3 years$72,854$70,790$68,803$66,889$65,046$61,895
4 years$54,096$52,038$50,071$48,190$46,391$43,349
5 years$42,844$40,798$38,857$37,014$35,266$32,340
6 years$35,345$33,315$31,402$29,601$27,905$25,099
7 years$29,991$27,978$26,095$24,336$22,694$20,010
8 years$25,977$23,982$22,131$20,415$18,827$16,264
9 years$22,857$20,881$19,061$17,389$15,855$13,411
10 years$20,362$18,405$16,618$14,990$13,509$11,183
11 years$18,323$16,385$14,630$13,045$11,618$9,408
12 years$16,624$14,707$12,984$11,443$10,068$7,970
13 years$15,188$13,290$11,600$10,102$8,780$6,791
14 years$13,958$12,081$10,423$8,968$7,696$5,814
15 years$12,893$11,036$9,411$7,997$6,776$4,998
16 years$11,962$10,125$8,532$7,161$5,989$4,310
17 years$11,141$9,325$7,764$6,434$5,310$3,727
18 years$10,413$8,617$7,087$5,798$4,722$3,231
19 years$9,762$7,986$6,488$5,239$4,208$2,807
20 years$9,176$7,421$5,954$4,745$3,759$2,442
21 years$8,648$6,912$5,477$4,307$3,364$2,128
22 years$8,167$6,452$5,048$3,916$3,015$1,857
23 years$7,730$6,035$4,661$3,566$2,707$1,622
24 years$7,329$5,654$4,310$3,252$2,433$1,418
25 years$6,961$5,306$3,992$2,970$2,189$1,241
26 years$6,622$4,987$3,703$2,716$1,972$1,087
27 years$6,308$4,693$3,438$2,486$1,778$953
28 years$6,018$4,422$3,196$2,278$1,604$835
29 years$5,748$4,172$2,974$2,089$1,449$733
30 years$5,496$3,940$2,771$1,917$1,309$643
31 years$5,261$3,725$2,583$1,760$1,183$565
32 years$5,041$3,524$2,410$1,618$1,070$496
33 years$4,835$3,338$2,250$1,488$969$436
34 years$4,642$3,163$2,102$1,369$877$383
35 years$4,460$3,000$1,966$1,260$794$336
36 years$4,288$2,848$1,839$1,161$720$296
37 years$4,126$2,705$1,721$1,069$652$260
38 years$3,973$2,570$1,612$986$591$229
39 years$3,829$2,444$1,510$909$536$201
40 years$3,691$2,325$1,415$838$486$177
41 years$3,561$2,214$1,327$773$441$156
42 years$3,437$2,108$1,245$714$400$137
43 years$3,320$2,009$1,168$659$363$120
44 years$3,208$1,915$1,097$608$330$106
45 years$3,101$1,826$1,030$562$299$93
46 years$3,000$1,742$967$519$272$82
47 years$2,903$1,662$909$479$247$72
48 years$2,810$1,587$854$443$224$64
49 years$2,721$1,515$802$409$204$56
50 years$2,636$1,447$754$378$185$49

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 $4,364 every year, while hoping to spend $39,673 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: 64/31/5 Blend
54$2,700,000$2,700,000$2,700,000$2,700,000
55$2,979,901$2,836,801$2,794,951$3,168,224
56$3,241,640$2,933,593$2,846,371$3,390,792
57$3,528,745$3,033,798$2,898,183$3,628,655
58$3,843,765$3,137,541$2,950,359$3,887,376
59$4,189,501$3,244,952$3,002,868$4,168,976
60$4,569,043$3,356,168$3,055,677$4,475,674
61$4,985,793$3,471,328$3,108,750$4,809,915
62$5,443,499$3,590,578$3,162,048$5,174,386
63$5,946,289$3,714,070$3,215,530$5,572,047
64$6,498,711$3,841,960$3,269,151$6,006,155
65$7,105,777$3,974,413$3,322,865$6,480,295
66$7,773,006$4,111,599$3,376,620$6,998,411
67$8,506,478$4,253,693$3,430,363$7,564,849
68$9,312,895$4,400,880$3,484,036$8,184,389
69$10,199,637$4,553,350$3,537,578$8,862,298
70$11,174,837$4,711,301$3,590,924$9,604,371
71$12,247,454$4,874,939$3,644,004$10,416,991
72$13,427,361$5,044,478$3,696,745$11,307,188
73$14,725,435$5,220,140$3,749,068$12,282,700
74$16,153,659$5,402,157$3,800,892$13,352,051
75$17,725,239$5,590,769$3,852,128$14,524,628
76$19,454,723$5,786,226$3,902,684$15,810,768
77$21,358,141$5,988,788$3,952,461$17,221,858
78$23,453,158$6,198,725$4,001,355$18,770,437
79$25,759,236$6,416,318$4,049,256$20,470,318
80$28,297,820$6,641,860$4,096,048$22,336,716
81$31,092,541$6,875,654$4,141,609$24,386,388
82$34,169,437$7,118,018$4,185,809$26,637,796
83$37,557,197$7,369,278$4,228,512$29,111,275
84$41,287,437$7,629,779$4,269,573$31,829,225
85$45,394,993$7,899,875$4,308,841$34,816,324
86$49,918,251$8,179,938$4,346,156$38,099,758
87$54,899,510$8,470,352$4,381,349$41,709,476
88$60,385,380$8,771,519$4,414,244$45,678,472
89$66,427,221$9,083,856$4,444,654$50,043,096
90$73,081,630$9,407,797$4,472,382$54,843,397
91$80,410,971$9,743,795$4,497,222$60,123,495
92$88,483,969$10,092,319$4,518,957$65,932,002
93$97,376,351$10,453,860$4,537,360$72,322,475
94$107,171,567$10,828,927$4,552,190$79,353,924
95$117,961,574$11,218,052$4,563,195$87,091,364
96$129,847,705$11,621,787$4,570,113$95,606,428
97$142,941,624$12,040,708$4,572,665$104,978,046
98$157,366,381$12,475,413$4,570,560$115,293,181
99$173,257,571$12,926,528$4,563,493$126,647,654
100$190,764,616$13,394,701$4,551,143$139,147,044