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%17.4%
1 years$224,615$222,614$220,662$218,757$216,897$210,375
2 years$111,196$109,125$107,118$105,172$103,284$96,769
3 years$73,394$71,314$69,312$67,384$65,528$59,223
4 years$54,497$52,423$50,442$48,547$46,735$40,689
5 years$43,162$41,101$39,145$37,289$35,527$29,756
6 years$35,607$33,562$31,635$29,820$28,111$22,620
7 years$30,213$28,185$26,289$24,517$22,862$17,651
8 years$26,170$24,160$22,295$20,566$18,966$14,032
9 years$23,027$21,035$19,203$17,518$15,972$11,310
10 years$20,513$18,542$16,741$15,101$13,609$9,212
11 years$18,458$16,507$14,739$13,142$11,704$7,564
12 years$16,747$14,815$13,080$11,527$10,143$6,252
13 years$15,300$13,389$11,686$10,177$8,845$5,194
14 years$14,061$12,170$10,500$9,034$7,753$4,333
15 years$12,988$11,118$9,480$8,057$6,827$3,627
16 years$12,051$10,200$8,595$7,214$6,033$3,045
17 years$11,224$9,394$7,821$6,482$5,350$2,562
18 years$10,490$8,680$7,140$5,841$4,757$2,160
19 years$9,834$8,045$6,536$5,278$4,240$1,824
20 years$9,244$7,476$5,999$4,780$3,787$1,542
21 years$8,712$6,963$5,518$4,338$3,389$1,305
22 years$8,228$6,500$5,085$3,945$3,038$1,106
23 years$7,787$6,079$4,695$3,592$2,727$938
24 years$7,383$5,696$4,342$3,277$2,451$796
25 years$7,013$5,345$4,022$2,992$2,205$676
26 years$6,671$5,024$3,730$2,736$1,987$574
27 years$6,355$4,728$3,464$2,504$1,791$488
28 years$6,062$4,455$3,220$2,295$1,616$415
29 years$5,790$4,203$2,997$2,104$1,459$353
30 years$5,537$3,969$2,791$1,931$1,319$300
31 years$5,300$3,752$2,602$1,774$1,192$255
32 years$5,079$3,550$2,428$1,630$1,078$217
33 years$4,871$3,362$2,267$1,499$976$185
34 years$4,676$3,187$2,118$1,379$884$157
35 years$4,493$3,023$1,980$1,270$800$134
36 years$4,320$2,869$1,852$1,169$725$114
37 years$4,157$2,725$1,734$1,077$657$97
38 years$4,003$2,589$1,624$993$596$83
39 years$3,857$2,462$1,521$916$540$70
40 years$3,719$2,343$1,426$844$490$60
41 years$3,588$2,230$1,337$779$445$51
42 years$3,463$2,124$1,254$719$403$43
43 years$3,345$2,024$1,177$664$366$37
44 years$3,232$1,929$1,105$613$332$32
45 years$3,124$1,839$1,037$566$302$27
46 years$3,022$1,755$974$523$274$23
47 years$2,924$1,674$915$483$249$19
48 years$2,831$1,599$860$446$226$17
49 years$2,741$1,526$808$412$205$14
50 years$2,656$1,458$760$381$186$12

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 $2,668 every year, while hoping to spend $32,501 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: 60/19/21 Blend
54$2,720,000$2,720,000$2,720,000$2,720,000
55$3,000,192$2,856,032$2,813,872$3,163,458
56$3,271,631$2,961,397$2,873,556$3,379,782
57$3,569,667$3,070,835$2,934,150$3,611,891
58$3,896,979$3,184,512$2,995,650$3,864,402
59$4,256,519$3,302,601$3,058,052$4,139,299
60$4,651,535$3,425,280$3,121,348$4,438,765
61$5,085,610$3,552,737$3,185,532$4,765,205
62$5,562,689$3,685,168$3,250,594$5,121,264
63$6,087,118$3,822,776$3,316,523$5,509,853
64$6,663,685$3,965,773$3,383,308$5,934,180
65$7,297,666$4,114,381$3,450,934$6,397,772
66$7,994,873$4,268,830$3,519,385$6,904,517
67$8,761,710$4,429,363$3,588,644$7,458,692
68$9,605,232$4,596,229$3,658,691$8,065,008
69$10,533,212$4,769,691$3,729,505$8,728,653
70$11,554,217$4,950,023$3,801,060$9,455,340
71$12,677,682$5,137,509$3,873,331$10,251,359
72$13,914,007$5,332,448$3,946,288$11,123,638
73$15,274,647$5,535,149$4,019,900$12,079,809
74$16,772,227$5,745,938$4,094,133$13,128,276
75$18,420,656$5,965,151$4,168,948$14,278,294
76$20,235,262$6,193,142$4,244,307$15,540,060
77$22,232,932$6,430,279$4,320,164$16,924,804
78$24,432,275$6,676,947$4,396,474$18,444,896
79$26,853,795$6,933,546$4,473,184$20,113,965
80$29,520,088$7,200,496$4,550,242$21,947,020
81$32,456,050$7,478,233$4,627,588$23,960,598
82$35,689,115$7,767,214$4,705,159$26,172,916
83$39,249,512$8,067,915$4,782,890$28,604,043
84$43,170,554$8,380,834$4,860,708$31,276,088
85$47,488,945$8,706,490$4,938,537$34,213,408
86$52,245,135$9,045,426$5,016,296$37,442,838
87$57,483,695$9,398,207$5,093,897$40,993,943
88$63,253,739$9,765,426$5,171,250$44,899,296
89$69,609,388$10,147,700$5,248,254$49,194,782
90$76,610,282$10,545,674$5,324,808$53,919,944
91$84,322,141$10,960,022$5,400,798$59,118,343
92$92,817,383$11,391,447$5,476,110$64,837,981
93$102,175,814$11,840,686$5,550,617$71,131,741
94$112,485,373$12,308,505$5,624,189$78,057,897
95$123,842,967$12,795,708$5,696,685$85,680,651
96$136,355,385$13,303,133$5,767,959$94,070,749
97$150,140,303$13,831,655$5,837,854$103,306,138
98$165,327,397$14,382,190$5,906,206$113,472,708
99$182,059,568$14,955,693$5,972,840$124,665,097
100$200,494,287$15,553,165$6,037,573$136,987,585