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%17.7%
1 years$222,963$220,977$219,040$217,149$215,302$208,577
2 years$110,378$108,322$106,330$104,398$102,525$95,809
3 years$72,854$70,790$68,803$66,889$65,046$58,551
4 years$54,096$52,038$50,071$48,190$46,391$40,166
5 years$42,844$40,798$38,857$37,014$35,266$29,327
6 years$35,345$33,315$31,402$29,601$27,905$22,258
7 years$29,991$27,978$26,095$24,336$22,694$17,339
8 years$25,977$23,982$22,131$20,415$18,827$13,760
9 years$22,857$20,881$19,061$17,389$15,855$11,070
10 years$20,362$18,405$16,618$14,990$13,509$8,999
11 years$18,323$16,385$14,630$13,045$11,618$7,376
12 years$16,624$14,707$12,984$11,443$10,068$6,084
13 years$15,188$13,290$11,600$10,102$8,780$5,044
14 years$13,958$12,081$10,423$8,968$7,696$4,199
15 years$12,893$11,036$9,411$7,997$6,776$3,508
16 years$11,962$10,125$8,532$7,161$5,989$2,938
17 years$11,141$9,325$7,764$6,434$5,310$2,467
18 years$10,413$8,617$7,087$5,798$4,722$2,075
19 years$9,762$7,986$6,488$5,239$4,208$1,748
20 years$9,176$7,421$5,954$4,745$3,759$1,475
21 years$8,648$6,912$5,477$4,307$3,364$1,245
22 years$8,167$6,452$5,048$3,916$3,015$1,053
23 years$7,730$6,035$4,661$3,566$2,707$891
24 years$7,329$5,654$4,310$3,252$2,433$754
25 years$6,961$5,306$3,992$2,970$2,189$639
26 years$6,622$4,987$3,703$2,716$1,972$541
27 years$6,308$4,693$3,438$2,486$1,778$459
28 years$6,018$4,422$3,196$2,278$1,604$389
29 years$5,748$4,172$2,974$2,089$1,449$330
30 years$5,496$3,940$2,771$1,917$1,309$280
31 years$5,261$3,725$2,583$1,760$1,183$238
32 years$5,041$3,524$2,410$1,618$1,070$202
33 years$4,835$3,338$2,250$1,488$969$171
34 years$4,642$3,163$2,102$1,369$877$145
35 years$4,460$3,000$1,966$1,260$794$123
36 years$4,288$2,848$1,839$1,161$720$105
37 years$4,126$2,705$1,721$1,069$652$89
38 years$3,973$2,570$1,612$986$591$76
39 years$3,829$2,444$1,510$909$536$64
40 years$3,691$2,325$1,415$838$486$55
41 years$3,561$2,214$1,327$773$441$46
42 years$3,437$2,108$1,245$714$400$39
43 years$3,320$2,009$1,168$659$363$33
44 years$3,208$1,915$1,097$608$330$28
45 years$3,101$1,826$1,030$562$299$24
46 years$3,000$1,742$967$519$272$21
47 years$2,903$1,662$909$479$247$17
48 years$2,810$1,587$854$443$224$15
49 years$2,721$1,515$802$409$204$13
50 years$2,636$1,447$754$378$185$11

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 $2,427 every year, while hoping to spend $41,061 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: 53/37/10 Blend
54$2,700,000$2,700,000$2,700,000$2,700,000
55$2,977,903$2,834,803$2,792,953$3,128,009
56$3,237,961$2,930,020$2,842,829$3,325,499
57$3,523,168$3,028,526$2,892,999$3,535,599
58$3,836,047$3,130,440$2,943,430$3,763,214
59$4,179,375$3,235,883$2,994,086$4,010,010
60$4,556,213$3,344,982$3,044,929$4,277,819
61$4,969,929$3,457,869$3,095,917$4,568,657
62$5,424,238$3,574,681$3,147,007$4,884,740
63$5,923,229$3,695,559$3,198,150$5,228,508
64$6,471,407$3,820,650$3,249,296$5,602,643
65$7,073,735$3,950,106$3,300,393$6,010,099
66$7,735,682$4,084,087$3,351,381$6,454,125
67$8,463,270$4,222,756$3,402,201$6,938,296
68$9,263,137$4,366,285$3,452,788$7,466,548
69$10,142,593$4,514,849$3,503,073$8,043,213
70$11,109,695$4,668,634$3,552,983$8,673,061
71$12,173,316$4,827,829$3,602,441$9,361,340
72$13,343,236$4,992,634$3,651,364$10,113,830
73$14,630,226$5,163,254$3,699,665$10,936,895
74$16,046,159$5,339,902$3,747,253$11,837,542
75$17,604,111$5,522,801$3,794,030$12,823,484
76$19,318,493$5,712,182$3,839,893$13,903,218
77$21,205,184$5,908,283$3,884,734$15,086,099
78$23,281,677$6,111,354$3,928,437$16,382,430
79$25,567,251$6,321,652$3,970,882$17,803,557
80$28,083,144$6,539,447$4,011,940$19,361,977
81$30,852,761$6,765,016$4,051,476$21,071,455
82$33,901,891$6,998,650$4,089,349$22,947,150
83$37,258,950$7,240,650$4,125,408$25,005,761
84$40,955,249$7,491,329$4,159,496$27,265,681
85$45,025,292$7,751,011$4,191,446$29,747,170
86$49,507,096$8,020,034$4,221,084$32,472,547
87$54,442,554$8,298,751$4,248,225$35,466,398
88$59,877,830$8,587,525$4,272,676$38,755,806
89$65,863,791$8,886,736$4,294,233$42,370,608
90$72,456,491$9,196,780$4,312,683$46,343,673
91$79,717,696$9,518,064$4,327,801$50,711,214
92$87,715,469$9,851,017$4,339,350$55,513,123
93$96,524,811$10,196,082$4,347,083$60,793,355
94$106,228,371$10,553,719$4,350,739$66,600,331
95$116,917,223$10,924,409$4,350,046$72,987,403
96$128,691,723$11,308,649$4,344,717$80,013,351
97$141,662,465$11,706,959$4,334,451$87,742,937
98$155,951,315$12,119,878$4,318,933$96,247,516
99$171,692,564$12,547,967$4,297,833$105,605,706
100$189,034,198$12,991,810$4,270,803$115,904,130