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

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$222,963$220,977$219,040$217,149$215,302$209,418
2 years$110,378$108,322$106,330$104,398$102,525$96,639
3 years$72,854$70,790$68,803$66,889$65,046$59,344
4 years$54,096$52,038$50,071$48,190$46,391$40,916
5 years$42,844$40,798$38,857$37,014$35,266$30,033
6 years$35,345$33,315$31,402$29,601$27,905$22,919
7 years$29,991$27,978$26,095$24,336$22,694$17,955
8 years$25,977$23,982$22,131$20,415$18,827$14,333
9 years$22,857$20,881$19,061$17,389$15,855$11,601
10 years$20,362$18,405$16,618$14,990$13,509$9,491
11 years$18,323$16,385$14,630$13,045$11,618$7,828
12 years$16,624$14,707$12,984$11,443$10,068$6,500
13 years$15,188$13,290$11,600$10,102$8,780$5,426
14 years$13,958$12,081$10,423$8,968$7,696$4,548
15 years$12,893$11,036$9,411$7,997$6,776$3,826
16 years$11,962$10,125$8,532$7,161$5,989$3,228
17 years$11,141$9,325$7,764$6,434$5,310$2,730
18 years$10,413$8,617$7,087$5,798$4,722$2,314
19 years$9,762$7,986$6,488$5,239$4,208$1,964
20 years$9,176$7,421$5,954$4,745$3,759$1,669
21 years$8,648$6,912$5,477$4,307$3,364$1,421
22 years$8,167$6,452$5,048$3,916$3,015$1,210
23 years$7,730$6,035$4,661$3,566$2,707$1,032
24 years$7,329$5,654$4,310$3,252$2,433$881
25 years$6,961$5,306$3,992$2,970$2,189$752
26 years$6,622$4,987$3,703$2,716$1,972$642
27 years$6,308$4,693$3,438$2,486$1,778$549
28 years$6,018$4,422$3,196$2,278$1,604$469
29 years$5,748$4,172$2,974$2,089$1,449$401
30 years$5,496$3,940$2,771$1,917$1,309$343
31 years$5,261$3,725$2,583$1,760$1,183$294
32 years$5,041$3,524$2,410$1,618$1,070$252
33 years$4,835$3,338$2,250$1,488$969$215
34 years$4,642$3,163$2,102$1,369$877$184
35 years$4,460$3,000$1,966$1,260$794$158
36 years$4,288$2,848$1,839$1,161$720$135
37 years$4,126$2,705$1,721$1,069$652$116
38 years$3,973$2,570$1,612$986$591$99
39 years$3,829$2,444$1,510$909$536$85
40 years$3,691$2,325$1,415$838$486$73
41 years$3,561$2,214$1,327$773$441$62
42 years$3,437$2,108$1,245$714$400$53
43 years$3,320$2,009$1,168$659$363$46
44 years$3,208$1,915$1,097$608$330$39
45 years$3,101$1,826$1,030$562$299$34
46 years$3,000$1,742$967$519$272$29
47 years$2,903$1,662$909$479$247$25
48 years$2,810$1,587$854$443$224$21
49 years$2,721$1,515$802$409$204$18
50 years$2,636$1,447$754$378$185$16

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 $4,069 every year, while hoping to spend $35,066 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: 68/17/15 Blend
54$2,700,000$2,700,000$2,700,000$2,700,000
55$2,979,597$2,836,497$2,794,647$3,171,516
56$3,246,206$2,938,176$2,850,958$3,401,598
57$3,538,834$3,043,661$2,907,980$3,648,630
58$3,860,098$3,153,103$2,965,700$3,917,937
59$4,212,879$3,266,657$3,024,103$4,211,705
60$4,600,355$3,384,485$3,083,172$4,532,340
61$5,026,023$3,506,757$3,142,890$4,882,491
62$5,493,737$3,633,647$3,203,236$5,265,074
63$6,007,742$3,765,339$3,264,188$5,683,299
64$6,572,715$3,902,024$3,325,722$6,140,703
65$7,193,809$4,043,901$3,387,811$6,641,177
66$7,876,701$4,191,176$3,450,426$7,189,007
67$8,627,645$4,344,064$3,513,536$7,788,916
68$9,453,533$4,502,791$3,577,108$8,446,101
69$10,361,956$4,667,590$3,641,103$9,166,287
70$11,361,279$4,838,706$3,705,484$9,955,781
71$12,460,719$5,016,392$3,770,207$10,821,528
72$13,670,431$5,200,914$3,835,227$11,771,178
73$15,001,602$5,392,546$3,900,495$12,813,156
74$16,466,562$5,591,577$3,965,958$13,956,745
75$18,078,894$5,798,307$4,031,560$15,212,168
76$19,853,566$6,013,048$4,097,242$16,590,688
77$21,807,068$6,236,126$4,162,938$18,104,711
78$23,957,573$6,467,881$4,228,581$19,767,906
79$26,325,105$6,708,666$4,294,097$21,595,328
80$28,931,726$6,958,852$4,359,411$23,603,565
81$31,801,749$7,218,822$4,424,438$25,810,891
82$34,961,963$7,488,980$4,489,091$28,237,440
83$38,441,886$7,769,742$4,553,278$30,905,391
84$42,274,045$8,061,547$4,616,901$33,839,184
85$46,494,285$8,364,850$4,679,854$37,065,741
86$51,142,099$8,680,125$4,742,026$40,614,728
87$56,261,011$9,007,869$4,803,302$44,518,828
88$61,898,978$9,348,598$4,863,556$48,814,053
89$68,108,847$9,702,853$4,922,659$53,540,079
90$74,948,853$10,071,195$4,980,471$58,740,624
91$82,483,165$10,454,213$5,036,845$64,463,859
92$90,782,497$10,852,519$5,091,629$70,762,857
93$99,924,771$11,266,752$5,144,659$77,696,099
94$109,995,855$11,697,580$5,195,762$85,328,025
95$121,090,371$12,145,700$5,244,758$93,729,636
96$133,312,587$12,611,838$5,291,456$102,979,168
97$146,777,406$13,096,753$5,335,655$113,162,827
98$161,611,445$13,601,237$5,377,143$124,375,606
99$177,954,233$14,126,118$5,415,698$136,722,174
100$195,959,525$14,672,258$5,451,084$150,317,867