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%16.5%
1 years$223,789$221,796$219,851$217,953$216,099$210,363
2 years$110,787$108,723$106,724$104,785$102,904$97,165
3 years$73,124$71,052$69,057$67,137$65,287$59,725
4 years$54,297$52,231$50,256$48,368$46,563$41,220
5 years$43,003$40,950$39,001$37,151$35,397$30,288
6 years$35,476$33,438$31,518$29,710$28,008$23,139
7 years$30,102$28,081$26,192$24,426$22,778$18,148
8 years$26,074$24,071$22,213$20,491$18,897$14,504
9 years$22,942$20,958$19,132$17,454$15,914$11,754
10 years$20,438$18,474$16,680$15,045$13,559$9,627
11 years$18,391$16,446$14,684$13,094$11,661$7,952
12 years$16,686$14,761$13,032$11,485$10,106$6,611
13 years$15,244$13,340$11,643$10,140$8,812$5,525
14 years$14,010$12,125$10,462$9,001$7,725$4,638
15 years$12,941$11,077$9,445$8,027$6,801$3,907
16 years$12,006$10,163$8,564$7,187$6,011$3,301
17 years$11,183$9,359$7,793$6,458$5,330$2,796
18 years$10,451$8,649$7,114$5,820$4,739$2,373
19 years$9,798$8,015$6,512$5,259$4,224$2,017
20 years$9,210$7,448$5,977$4,763$3,773$1,718
21 years$8,680$6,938$5,497$4,322$3,376$1,464
22 years$8,198$6,476$5,067$3,930$3,026$1,249
23 years$7,758$6,057$4,678$3,579$2,717$1,067
24 years$7,356$5,675$4,326$3,264$2,442$912
25 years$6,987$5,326$4,007$2,981$2,197$780
26 years$6,646$5,005$3,716$2,726$1,979$667
27 years$6,332$4,711$3,451$2,495$1,784$571
28 years$6,040$4,439$3,208$2,286$1,610$489
29 years$5,769$4,187$2,985$2,096$1,454$419
30 years$5,516$3,955$2,781$1,924$1,314$359
31 years$5,281$3,738$2,593$1,767$1,188$308
32 years$5,060$3,537$2,419$1,624$1,074$264
33 years$4,853$3,350$2,259$1,493$972$226
34 years$4,659$3,175$2,110$1,374$880$194
35 years$4,476$3,011$1,973$1,265$797$166
36 years$4,304$2,858$1,846$1,165$722$143
37 years$4,142$2,715$1,727$1,073$655$122
38 years$3,988$2,580$1,618$989$594$105
39 years$3,843$2,453$1,516$912$538$90
40 years$3,705$2,334$1,421$841$488$77
41 years$3,574$2,222$1,332$776$443$66
42 years$3,450$2,116$1,250$716$402$57
43 years$3,332$2,016$1,172$661$365$49
44 years$3,220$1,922$1,101$611$331$42
45 years$3,113$1,833$1,033$564$301$36
46 years$3,011$1,748$971$521$273$31
47 years$2,913$1,668$912$481$248$27
48 years$2,820$1,593$857$445$225$23
49 years$2,731$1,521$805$411$204$20
50 years$2,646$1,453$757$380$186$17

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 $2,314 every year, while hoping to spend $29,710 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: 39/34/27 Blend
54$2,710,000$2,710,000$2,710,000$2,710,000
55$2,988,807$2,845,177$2,803,172$3,081,345
56$3,262,054$2,952,979$2,865,467$3,256,839
57$3,562,177$3,065,068$2,928,853$3,443,557
58$3,891,884$3,181,623$2,993,336$3,644,889
59$4,254,163$3,302,829$3,058,919$3,862,189
60$4,652,301$3,428,881$3,125,606$4,096,939
61$5,089,922$3,559,982$3,193,400$4,350,770
62$5,571,018$3,696,345$3,262,303$4,625,473
63$6,099,986$3,838,190$3,332,314$4,923,018
64$6,681,672$3,985,748$3,403,434$5,245,570
65$7,321,413$4,139,261$3,475,659$5,595,507
66$8,025,091$4,298,979$3,548,988$5,975,448
67$8,799,187$4,465,165$3,623,416$6,388,268
68$9,650,840$4,638,095$3,698,936$6,837,134
69$10,587,917$4,818,052$3,775,542$7,325,526
70$11,619,086$5,005,338$3,853,224$7,857,273
71$12,753,897$5,200,264$3,931,971$8,436,589
72$14,002,872$5,403,155$4,011,770$9,068,108
73$15,377,608$5,614,352$4,092,607$9,756,932
74$16,890,880$5,834,211$4,174,465$10,508,673
75$18,556,765$6,063,103$4,257,325$11,329,510
76$20,390,776$6,301,416$4,341,166$12,226,240
77$22,410,004$6,549,554$4,425,964$13,206,349
78$24,633,283$6,807,941$4,511,693$14,278,074
79$27,081,367$7,077,019$4,598,324$15,450,484
80$29,777,124$7,357,250$4,685,825$16,733,563
81$32,745,751$7,649,116$4,774,161$18,138,303
82$36,015,017$7,953,122$4,863,294$19,676,808
83$39,615,517$8,269,793$4,953,183$21,362,405
84$43,580,967$8,599,681$5,043,782$23,209,766
85$47,948,521$8,943,360$5,135,044$25,235,051
86$52,759,118$9,301,432$5,226,915$27,456,056
87$58,057,870$9,674,525$5,319,339$29,892,377
88$63,894,491$10,063,295$5,412,255$32,565,597
89$70,323,761$10,468,428$5,505,598$35,499,486
90$77,406,045$10,890,642$5,599,296$38,720,224
91$85,207,864$11,330,686$5,693,275$42,256,648
92$93,802,521$11,789,344$5,787,454$46,140,517
93$103,270,791$12,267,435$5,881,747$50,406,817
94$113,701,688$12,765,815$5,976,061$55,094,084
95$125,193,300$13,285,380$6,070,299$60,244,765
96$137,853,719$13,827,066$6,164,357$65,905,623
97$151,802,058$14,391,852$6,258,122$72,128,167
98$167,169,576$14,980,761$6,351,478$78,969,142
99$184,100,918$15,594,863$6,444,297$86,491,061
100$202,755,478$16,235,278$6,536,448$94,762,789