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

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$224,615$222,614$220,662$218,757$216,897$209,535
2 years$111,196$109,125$107,118$105,172$103,284$95,941
3 years$73,394$71,314$69,312$67,384$65,528$58,434
4 years$54,497$52,423$50,442$48,547$46,735$39,944
5 years$43,162$41,101$39,145$37,289$35,527$29,058
6 years$35,607$33,562$31,635$29,820$28,111$21,969
7 years$30,213$28,185$26,289$24,517$22,862$17,046
8 years$26,170$24,160$22,295$20,566$18,966$13,471
9 years$23,027$21,035$19,203$17,518$15,972$10,792
10 years$20,513$18,542$16,741$15,101$13,609$8,735
11 years$18,458$16,507$14,739$13,142$11,704$7,126
12 years$16,747$14,815$13,080$11,527$10,143$5,851
13 years$15,300$13,389$11,686$10,177$8,845$4,828
14 years$14,061$12,170$10,500$9,034$7,753$4,000
15 years$12,988$11,118$9,480$8,057$6,827$3,324
16 years$12,051$10,200$8,595$7,214$6,033$2,771
17 years$11,224$9,394$7,821$6,482$5,350$2,314
18 years$10,490$8,680$7,140$5,841$4,757$1,937
19 years$9,834$8,045$6,536$5,278$4,240$1,623
20 years$9,244$7,476$5,999$4,780$3,787$1,362
21 years$8,712$6,963$5,518$4,338$3,389$1,144
22 years$8,228$6,500$5,085$3,945$3,038$962
23 years$7,787$6,079$4,695$3,592$2,727$809
24 years$7,383$5,696$4,342$3,277$2,451$681
25 years$7,013$5,345$4,022$2,992$2,205$574
26 years$6,671$5,024$3,730$2,736$1,987$483
27 years$6,355$4,728$3,464$2,504$1,791$408
28 years$6,062$4,455$3,220$2,295$1,616$344
29 years$5,790$4,203$2,997$2,104$1,459$290
30 years$5,537$3,969$2,791$1,931$1,319$244
31 years$5,300$3,752$2,602$1,774$1,192$206
32 years$5,079$3,550$2,428$1,630$1,078$174
33 years$4,871$3,362$2,267$1,499$976$147
34 years$4,676$3,187$2,118$1,379$884$124
35 years$4,493$3,023$1,980$1,270$800$105
36 years$4,320$2,869$1,852$1,169$725$88
37 years$4,157$2,725$1,734$1,077$657$75
38 years$4,003$2,589$1,624$993$596$63
39 years$3,857$2,462$1,521$916$540$53
40 years$3,719$2,343$1,426$844$490$45
41 years$3,588$2,230$1,337$779$445$38
42 years$3,463$2,124$1,254$719$403$32
43 years$3,345$2,024$1,177$664$366$27
44 years$3,232$1,929$1,105$613$332$23
45 years$3,124$1,839$1,037$566$302$19
46 years$3,022$1,755$974$523$274$16
47 years$2,924$1,674$915$483$249$14
48 years$2,831$1,599$860$446$226$12
49 years$2,741$1,526$808$412$205$10
50 years$2,656$1,458$760$381$186$8

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 $2,990 every year, while hoping to spend $42,772 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: 48/40/12 Blend
54$2,720,000$2,720,000$2,720,000$2,720,000
55$3,000,524$2,856,364$2,814,204$3,134,481
56$3,261,069$2,950,817$2,862,971$3,321,506
57$3,546,755$3,048,464$2,911,938$3,519,773
58$3,860,103$3,149,418$2,961,066$3,734,082
59$4,203,887$3,253,793$3,010,316$3,965,944
60$4,581,163$3,361,709$3,059,641$4,217,021
61$4,995,299$3,473,290$3,108,997$4,489,141
62$5,450,003$3,588,664$3,158,331$4,784,312
63$5,949,359$3,707,965$3,207,592$5,104,745
64$6,497,870$3,831,331$3,256,721$5,452,871
65$7,100,490$3,958,904$3,305,660$5,831,366
66$7,762,683$4,090,833$3,354,342$6,243,172
67$8,490,465$4,227,273$3,402,701$6,691,529
68$9,290,465$4,368,381$3,450,664$7,180,000
69$10,169,984$4,514,324$3,498,153$7,712,509
70$11,137,069$4,665,272$3,545,088$8,293,373
71$12,200,584$4,821,404$3,591,382$8,927,345
72$13,370,294$4,982,904$3,636,944$9,619,656
73$14,656,961$5,149,962$3,681,678$10,376,068
74$16,072,438$5,322,778$3,725,482$11,202,921
75$17,629,789$5,501,556$3,768,248$12,107,199
76$19,343,406$5,686,511$3,809,862$13,096,589
77$21,229,146$5,877,862$3,850,205$14,179,558
78$23,304,482$6,075,841$3,889,150$15,365,429
79$25,588,666$6,280,684$3,926,563$16,664,469
80$28,102,911$6,492,638$3,962,304$18,087,985
81$30,870,592$6,711,961$3,996,225$19,648,431
82$33,917,463$6,938,918$4,028,169$21,359,523
83$37,271,904$7,173,786$4,057,973$23,236,368
84$40,965,187$7,416,849$4,085,464$25,295,606
85$45,031,768$7,668,407$4,110,459$27,555,566
86$49,509,616$7,928,767$4,132,767$30,036,438
87$54,440,570$8,198,250$4,152,188$32,760,463
88$59,870,733$8,477,188$4,168,511$35,752,141
89$65,850,904$8,765,927$4,181,512$39,038,460
90$72,437,063$9,064,825$4,190,960$42,649,154
91$79,690,896$9,374,254$4,196,610$46,616,977
92$87,680,375$9,694,600$4,198,204$50,978,015
93$96,480,403$10,026,265$4,195,473$55,772,023
94$106,173,518$10,369,665$4,188,135$61,042,802
95$116,850,672$10,725,234$4,175,893$66,838,605
96$128,612,090$11,093,420$4,158,435$73,212,600
97$141,568,216$11,474,691$4,135,436$80,223,361
98$155,840,755$11,869,531$4,106,553$87,935,427
99$171,563,819$12,278,445$4,071,430$96,419,906
100$188,885,195$12,701,956$4,029,690$105,755,145