Can I retire at age 55 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$223,789$221,796$219,851$217,953$216,099$210,024
2 years$110,787$108,723$106,724$104,785$102,904$96,830
3 years$73,124$71,052$69,057$67,137$65,287$59,403
4 years$54,297$52,231$50,256$48,368$46,563$40,916
5 years$43,003$40,950$39,001$37,151$35,397$30,001
6 years$35,476$33,438$31,518$29,710$28,008$22,869
7 years$30,102$28,081$26,192$24,426$22,778$17,896
8 years$26,074$24,071$22,213$20,491$18,897$14,269
9 years$22,942$20,958$19,132$17,454$15,914$11,536
10 years$20,438$18,474$16,680$15,045$13,559$9,425
11 years$18,391$16,446$14,684$13,094$11,661$7,764
12 years$16,686$14,761$13,032$11,485$10,106$6,438
13 years$15,244$13,340$11,643$10,140$8,812$5,367
14 years$14,010$12,125$10,462$9,001$7,725$4,493
15 years$12,941$11,077$9,445$8,027$6,801$3,774
16 years$12,006$10,163$8,564$7,187$6,011$3,180
17 years$11,183$9,359$7,793$6,458$5,330$2,685
18 years$10,451$8,649$7,114$5,820$4,739$2,272
19 years$9,798$8,015$6,512$5,259$4,224$1,926
20 years$9,210$7,448$5,977$4,763$3,773$1,635
21 years$8,680$6,938$5,497$4,322$3,376$1,389
22 years$8,198$6,476$5,067$3,930$3,026$1,182
23 years$7,758$6,057$4,678$3,579$2,717$1,006
24 years$7,356$5,675$4,326$3,264$2,442$857
25 years$6,987$5,326$4,007$2,981$2,197$731
26 years$6,646$5,005$3,716$2,726$1,979$623
27 years$6,332$4,711$3,451$2,495$1,784$532
28 years$6,040$4,439$3,208$2,286$1,610$454
29 years$5,769$4,187$2,985$2,096$1,454$387
30 years$5,516$3,955$2,781$1,924$1,314$331
31 years$5,281$3,738$2,593$1,767$1,188$283
32 years$5,060$3,537$2,419$1,624$1,074$242
33 years$4,853$3,350$2,259$1,493$972$206
34 years$4,659$3,175$2,110$1,374$880$176
35 years$4,476$3,011$1,973$1,265$797$151
36 years$4,304$2,858$1,846$1,165$722$129
37 years$4,142$2,715$1,727$1,073$655$110
38 years$3,988$2,580$1,618$989$594$94
39 years$3,843$2,453$1,516$912$538$81
40 years$3,705$2,334$1,421$841$488$69
41 years$3,574$2,222$1,332$776$443$59
42 years$3,450$2,116$1,250$716$402$50
43 years$3,332$2,016$1,172$661$365$43
44 years$3,220$1,922$1,101$611$331$37
45 years$3,113$1,833$1,033$564$301$32
46 years$3,011$1,748$971$521$273$27
47 years$2,913$1,668$912$481$248$23
48 years$2,820$1,593$857$445$225$20
49 years$2,731$1,521$805$411$204$17
50 years$2,646$1,453$757$380$186$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,710,000, adding $4,191 every year, while hoping to spend $35,158 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: 72/6/22 Blend
54$2,710,000$2,710,000$2,710,000$2,710,000
55$2,990,743$2,847,113$2,805,108$3,189,608
56$3,258,391$2,949,214$2,861,671$3,424,752
57$3,552,161$3,055,139$2,918,951$3,677,630
58$3,874,679$3,165,039$2,976,934$3,953,732
59$4,228,841$3,279,071$3,035,606$4,255,361
60$4,617,834$3,397,396$3,094,950$4,585,052
61$5,045,171$3,520,186$3,154,949$4,945,600
62$5,514,720$3,647,617$3,215,581$5,340,080
63$6,030,743$3,779,872$3,276,825$5,771,882
64$6,597,937$3,917,144$3,338,656$6,244,738
65$7,221,474$4,059,632$3,401,049$6,762,758
66$7,907,055$4,207,544$3,463,974$7,330,472
67$8,660,958$4,361,096$3,527,401$7,952,869
68$9,490,101$4,520,516$3,591,294$8,635,445
69$10,402,107$4,686,037$3,655,619$9,384,254
70$11,405,375$4,857,906$3,720,335$10,205,966
71$12,509,157$5,036,377$3,785,400$11,107,930
72$13,723,648$5,221,717$3,850,768$12,098,241
73$15,060,082$5,414,203$3,916,390$13,185,819
74$16,530,836$5,614,124$3,982,215$14,380,491
75$18,149,547$5,821,782$4,048,185$15,693,083
76$19,931,243$6,037,491$4,114,241$17,135,526
77$21,892,481$6,261,579$4,180,319$18,720,962
78$24,051,505$6,494,388$4,246,351$20,463,874
79$26,428,418$6,736,272$4,312,263$22,380,218
80$29,045,371$6,987,604$4,377,979$24,487,575
81$31,926,773$7,248,771$4,443,415$26,805,319
82$35,099,520$7,520,177$4,508,485$29,354,794
83$38,593,248$7,802,242$4,573,096$32,159,522
84$42,440,613$8,095,406$4,637,149$35,245,419
85$46,677,602$8,400,127$4,700,540$38,641,043
86$51,343,866$8,716,882$4,763,157$42,377,861
87$56,483,103$9,046,171$4,824,885$46,490,547
88$62,143,459$9,388,514$4,885,598$51,017,310
89$68,377,992$9,744,452$4,945,166$56,000,251
90$75,245,169$10,114,551$5,003,451$61,485,765
91$82,809,416$10,499,404$5,060,306$67,524,973
92$91,141,727$10,899,625$5,115,577$74,174,211
93$100,320,334$11,315,858$5,169,100$81,495,554
94$110,431,448$11,748,774$5,220,704$89,557,408
95$121,570,065$12,199,074$5,270,208$98,435,151
96$133,840,872$12,667,489$5,317,420$108,211,847
97$147,359,227$13,154,782$5,362,140$118,979,030
98$162,252,252$13,661,750$5,404,155$130,837,565
99$178,660,030$14,189,224$5,443,243$143,898,603
100$196,736,931$14,738,074$5,479,168$158,284,626