Can I retire at age 55 with 2,730,000?

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 $2,730,000?

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$225,441$223,433$221,474$219,561$217,694$211,574
2 years$111,604$109,526$107,511$105,558$103,664$97,544
3 years$73,664$71,576$69,567$67,632$65,769$59,842
4 years$54,697$52,616$50,627$48,725$46,907$41,218
5 years$43,320$41,252$39,289$37,426$35,658$30,222
6 years$35,738$33,685$31,751$29,930$28,215$23,038
7 years$30,324$28,289$26,385$24,607$22,946$18,028
8 years$26,266$24,249$22,377$20,642$19,036$14,374
9 years$23,111$21,113$19,273$17,582$16,031$11,621
10 years$20,589$18,610$16,803$15,156$13,659$9,495
11 years$18,526$16,567$14,793$13,190$11,747$7,822
12 years$16,809$14,870$13,128$11,570$10,180$6,486
13 years$15,357$13,438$11,729$10,214$8,877$5,406
14 years$14,113$12,215$10,539$9,067$7,782$4,526
15 years$13,036$11,158$9,515$8,086$6,852$3,802
16 years$12,095$10,238$8,627$7,240$6,056$3,203
17 years$11,265$9,429$7,850$6,505$5,369$2,705
18 years$10,529$8,712$7,166$5,863$4,774$2,289
19 years$9,870$8,075$6,560$5,297$4,255$1,940
20 years$9,278$7,503$6,021$4,798$3,801$1,647
21 years$8,744$6,989$5,538$4,354$3,401$1,399
22 years$8,258$6,524$5,104$3,959$3,049$1,190
23 years$7,816$6,102$4,713$3,606$2,737$1,013
24 years$7,410$5,717$4,358$3,289$2,460$863
25 years$7,038$5,365$4,037$3,003$2,214$736
26 years$6,695$5,042$3,744$2,746$1,994$628
27 years$6,378$4,745$3,477$2,514$1,798$536
28 years$6,085$4,472$3,232$2,303$1,622$457
29 years$5,811$4,218$3,008$2,112$1,465$390
30 years$5,557$3,984$2,801$1,938$1,323$333
31 years$5,320$3,766$2,612$1,780$1,196$285
32 years$5,097$3,563$2,437$1,636$1,082$243
33 years$4,889$3,375$2,275$1,504$979$208
34 years$4,693$3,198$2,126$1,384$887$178
35 years$4,509$3,034$1,987$1,274$803$152
36 years$4,336$2,879$1,859$1,173$728$130
37 years$4,172$2,735$1,740$1,081$660$111
38 years$4,017$2,599$1,630$997$598$95
39 years$3,871$2,471$1,527$919$542$81
40 years$3,732$2,351$1,431$848$492$69
41 years$3,601$2,238$1,342$782$446$59
42 years$3,476$2,132$1,259$722$405$51
43 years$3,357$2,031$1,181$666$367$43
44 years$3,244$1,936$1,109$615$334$37
45 years$3,136$1,846$1,041$568$303$32
46 years$3,033$1,761$978$525$275$27
47 years$2,935$1,681$919$485$250$23
48 years$2,841$1,604$863$448$227$20
49 years$2,751$1,532$811$414$206$17
50 years$2,665$1,464$763$383$187$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,730,000, adding $5,767 every year, while hoping to spend $49,585 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: 49/41/10 Blend
54$2,730,000$2,730,000$2,730,000$2,730,000
55$3,014,409$2,869,719$2,827,404$3,153,733
56$3,269,120$2,957,577$2,869,364$3,337,706
57$3,548,151$3,048,078$2,911,067$3,531,733
58$3,853,928$3,141,300$2,952,454$3,741,343
59$4,189,126$3,237,321$2,993,459$3,968,009
60$4,556,691$3,336,224$3,034,013$4,213,349
61$4,959,865$3,438,091$3,074,045$4,479,142
62$5,402,223$3,543,009$3,113,477$4,767,349
63$5,887,700$3,651,066$3,152,229$5,080,123
64$6,420,630$3,762,354$3,190,213$5,419,836
65$7,005,790$3,876,964$3,227,341$5,789,096
66$7,648,439$3,994,994$3,263,515$6,190,777
67$8,354,372$4,116,540$3,298,635$6,628,039
68$9,129,972$4,241,705$3,332,593$7,104,361
69$9,982,272$4,370,592$3,365,279$7,623,574
70$10,919,020$4,503,307$3,396,572$8,189,895
71$11,948,751$4,639,960$3,426,348$8,807,968
72$13,080,868$4,780,663$3,454,475$9,482,905
73$14,325,732$4,925,530$3,480,814$10,220,335
74$15,694,755$5,074,680$3,505,221$11,026,457
75$17,200,515$5,228,234$3,527,540$11,908,099
76$18,856,867$5,386,317$3,547,612$12,872,780
77$20,679,076$5,549,055$3,565,266$13,928,780
78$22,683,963$5,716,580$3,580,324$15,085,220
79$24,890,061$5,889,026$3,592,598$16,352,146
80$27,317,789$6,066,530$3,601,892$17,740,623
81$29,989,647$6,249,233$3,607,999$19,262,840
82$32,930,426$6,437,281$3,610,702$20,932,223
83$36,167,442$6,630,820$3,609,773$22,763,564
84$39,730,794$6,830,004$3,604,974$24,773,156
85$43,653,648$7,034,987$3,596,053$26,978,948
86$47,972,548$7,245,929$3,582,749$29,400,717
87$52,727,762$7,462,994$3,564,785$32,060,248
88$57,963,662$7,686,348$3,541,873$34,981,542
89$63,729,139$7,916,163$3,513,709$38,191,044
90$70,078,071$8,152,614$3,479,978$41,717,889
91$77,069,823$8,395,881$3,440,346$45,594,176
92$84,769,813$8,646,148$3,394,466$49,855,274
93$93,250,126$8,903,602$3,341,973$54,540,149
94$102,590,196$9,168,435$3,282,486$59,691,739
95$112,877,553$9,440,845$3,215,606$65,357,351
96$124,208,649$9,721,032$3,140,915$71,589,112
97$136,689,771$10,009,203$3,057,976$78,444,457
98$150,438,041$10,305,567$2,966,331$85,986,675
99$165,582,521$10,610,339$2,865,502$94,285,499
100$182,265,431$10,923,738$2,754,989$103,417,768