Can I retire at age 55 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$224,615$222,614$220,662$218,757$216,897$211,739
2 years$111,196$109,125$107,118$105,172$103,284$98,118
3 years$73,394$71,314$69,312$67,384$65,528$60,515
4 years$54,497$52,423$50,442$48,547$46,735$41,914
5 years$43,162$41,101$39,145$37,289$35,527$30,911
6 years$35,607$33,562$31,635$29,820$28,111$23,705
7 years$30,213$28,185$26,289$24,517$22,862$18,666
8 years$26,170$24,160$22,295$20,566$18,966$14,979
9 years$23,027$21,035$19,203$17,518$15,972$12,190
10 years$20,513$18,542$16,741$15,101$13,609$10,029
11 years$18,458$16,507$14,739$13,142$11,704$8,320
12 years$16,747$14,815$13,080$11,527$10,143$6,949
13 years$15,300$13,389$11,686$10,177$8,845$5,835
14 years$14,061$12,170$10,500$9,034$7,753$4,922
15 years$12,988$11,118$9,480$8,057$6,827$4,167
16 years$12,051$10,200$8,595$7,214$6,033$3,538
17 years$11,224$9,394$7,821$6,482$5,350$3,012
18 years$10,490$8,680$7,140$5,841$4,757$2,569
19 years$9,834$8,045$6,536$5,278$4,240$2,196
20 years$9,244$7,476$5,999$4,780$3,787$1,879
21 years$8,712$6,963$5,518$4,338$3,389$1,611
22 years$8,228$6,500$5,085$3,945$3,038$1,382
23 years$7,787$6,079$4,695$3,592$2,727$1,187
24 years$7,383$5,696$4,342$3,277$2,451$1,020
25 years$7,013$5,345$4,022$2,992$2,205$877
26 years$6,671$5,024$3,730$2,736$1,987$755
27 years$6,355$4,728$3,464$2,504$1,791$650
28 years$6,062$4,455$3,220$2,295$1,616$560
29 years$5,790$4,203$2,997$2,104$1,459$482
30 years$5,537$3,969$2,791$1,931$1,319$415
31 years$5,300$3,752$2,602$1,774$1,192$358
32 years$5,079$3,550$2,428$1,630$1,078$309
33 years$4,871$3,362$2,267$1,499$976$266
34 years$4,676$3,187$2,118$1,379$884$230
35 years$4,493$3,023$1,980$1,270$800$198
36 years$4,320$2,869$1,852$1,169$725$171
37 years$4,157$2,725$1,734$1,077$657$148
38 years$4,003$2,589$1,624$993$596$127
39 years$3,857$2,462$1,521$916$540$110
40 years$3,719$2,343$1,426$844$490$95
41 years$3,588$2,230$1,337$779$445$82
42 years$3,463$2,124$1,254$719$403$71
43 years$3,345$2,024$1,177$664$366$61
44 years$3,232$1,929$1,105$613$332$53
45 years$3,124$1,839$1,037$566$302$46
46 years$3,022$1,755$974$523$274$39
47 years$2,924$1,674$915$483$249$34
48 years$2,831$1,599$860$446$226$29
49 years$2,741$1,526$808$412$205$25
50 years$2,656$1,458$760$381$186$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,720,000, adding $6,485 every year, while hoping to spend $39,265 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: 70/18/12 Blend
54$2,720,000$2,720,000$2,720,000$2,720,000
55$3,004,129$2,859,969$2,817,809$3,206,306
56$3,268,773$2,958,330$2,870,428$3,439,633
57$3,559,094$3,060,195$2,923,494$3,689,513
58$3,877,670$3,165,693$2,976,980$3,961,931
59$4,227,342$3,274,961$3,030,857$4,259,099
60$4,611,235$3,388,138$3,085,095$4,583,452
61$5,032,795$3,505,372$3,139,661$4,937,673
62$5,495,818$3,626,813$3,194,517$5,324,712
63$6,004,484$3,752,619$3,249,626$5,747,820
64$6,563,399$3,882,955$3,304,946$6,210,576
65$7,177,637$4,017,991$3,360,433$6,716,920
66$7,852,787$4,157,904$3,416,039$7,271,192
67$8,595,008$4,302,878$3,471,713$7,878,171
68$9,411,085$4,453,104$3,527,401$8,543,121
69$10,308,492$4,608,783$3,583,045$9,271,837
70$11,295,465$4,770,120$3,638,584$10,070,706
71$12,381,078$4,937,331$3,693,952$10,946,758
72$13,575,328$5,110,640$3,749,079$11,907,740
73$14,889,229$5,290,280$3,803,892$12,962,184
74$16,334,919$5,476,492$3,858,311$14,119,486
75$17,925,770$5,669,529$3,912,253$15,390,001
76$19,676,515$5,869,653$3,965,630$16,785,133
77$21,603,389$6,077,135$4,018,348$18,317,445
78$23,724,280$6,292,260$4,070,308$20,000,777
79$26,058,899$6,515,323$4,121,405$21,850,376
80$28,628,962$6,746,630$4,171,528$23,883,042
81$31,458,402$6,986,501$4,220,560$26,117,278
82$34,573,588$7,235,267$4,268,378$28,573,475
83$38,003,575$7,493,276$4,314,849$31,274,096
84$41,780,380$7,760,888$4,359,837$34,243,890
85$45,939,283$8,038,475$4,403,196$37,510,123
86$50,519,159$8,326,430$4,444,773$41,102,840
87$55,562,846$8,625,158$4,484,405$45,055,143
88$61,117,547$8,935,081$4,521,924$49,403,502
89$67,235,278$9,256,641$4,557,148$54,188,103
90$73,973,354$9,590,295$4,589,891$59,453,225
91$81,394,937$9,936,520$4,619,953$65,247,655
92$89,569,625$10,295,813$4,647,126$71,625,149
93$98,574,111$10,668,693$4,671,190$78,644,940
94$108,492,910$11,055,698$4,691,913$86,372,295
95$119,419,149$11,457,390$4,709,055$94,879,130
96$131,455,454$11,874,353$4,722,360$104,244,688
97$144,714,911$12,307,198$4,731,560$114,556,287
98$159,322,140$12,756,558$4,736,375$125,910,144
99$175,414,465$13,223,096$4,736,510$138,412,280
100$193,143,213$13,707,501$4,731,656$152,179,520