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%14.8%
1 years$225,441$223,433$221,474$219,561$217,694$213,386
2 years$111,604$109,526$107,511$105,558$103,664$99,342
3 years$73,664$71,576$69,567$67,632$65,769$61,567
4 years$54,697$52,616$50,627$48,725$46,907$42,858
5 years$43,320$41,252$39,289$37,426$35,658$31,774
6 years$35,738$33,685$31,751$29,930$28,215$24,500
7 years$30,324$28,289$26,385$24,607$22,946$19,401
8 years$26,266$24,249$22,377$20,642$19,036$15,660
9 years$23,111$21,113$19,273$17,582$16,031$12,821
10 years$20,589$18,610$16,803$15,156$13,659$10,613
11 years$18,526$16,567$14,793$13,190$11,747$8,861
12 years$16,809$14,870$13,128$11,570$10,180$7,449
13 years$15,357$13,438$11,729$10,214$8,877$6,297
14 years$14,113$12,215$10,539$9,067$7,782$5,348
15 years$13,036$11,158$9,515$8,086$6,852$4,559
16 years$12,095$10,238$8,627$7,240$6,056$3,899
17 years$11,265$9,429$7,850$6,505$5,369$3,343
18 years$10,529$8,712$7,166$5,863$4,774$2,873
19 years$9,870$8,075$6,560$5,297$4,255$2,473
20 years$9,278$7,503$6,021$4,798$3,801$2,133
21 years$8,744$6,989$5,538$4,354$3,401$1,842
22 years$8,258$6,524$5,104$3,959$3,049$1,592
23 years$7,816$6,102$4,713$3,606$2,737$1,378
24 years$7,410$5,717$4,358$3,289$2,460$1,194
25 years$7,038$5,365$4,037$3,003$2,214$1,035
26 years$6,695$5,042$3,744$2,746$1,994$898
27 years$6,378$4,745$3,477$2,514$1,798$779
28 years$6,085$4,472$3,232$2,303$1,622$676
29 years$5,811$4,218$3,008$2,112$1,465$588
30 years$5,557$3,984$2,801$1,938$1,323$511
31 years$5,320$3,766$2,612$1,780$1,196$444
32 years$5,097$3,563$2,437$1,636$1,082$386
33 years$4,889$3,375$2,275$1,504$979$336
34 years$4,693$3,198$2,126$1,384$887$292
35 years$4,509$3,034$1,987$1,274$803$254
36 years$4,336$2,879$1,859$1,173$728$221
37 years$4,172$2,735$1,740$1,081$660$192
38 years$4,017$2,599$1,630$997$598$167
39 years$3,871$2,471$1,527$919$542$146
40 years$3,732$2,351$1,431$848$492$127
41 years$3,601$2,238$1,342$782$446$110
42 years$3,476$2,132$1,259$722$405$96
43 years$3,357$2,031$1,181$666$367$84
44 years$3,244$1,936$1,109$615$334$73
45 years$3,136$1,846$1,041$568$303$64
46 years$3,033$1,761$978$525$275$55
47 years$2,935$1,681$919$485$250$48
48 years$2,841$1,604$863$448$227$42
49 years$2,751$1,532$811$414$206$37
50 years$2,665$1,464$763$383$187$32

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 $5,797 every year, while hoping to spend $38,627 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: 30/46/24 Blend
54$2,730,000$2,730,000$2,730,000$2,730,000
55$3,014,440$2,869,750$2,827,435$3,082,294
56$3,280,814$2,969,269$2,881,055$3,234,559
57$3,573,063$3,072,369$2,935,177$3,394,431
58$3,893,787$3,179,186$2,989,776$3,565,630
59$4,245,847$3,289,860$3,044,828$3,749,165
60$4,632,396$3,404,536$3,100,302$3,946,141
61$5,056,908$3,523,366$3,156,169$4,157,771
62$5,523,208$3,646,506$3,212,397$4,385,389
63$6,035,511$3,774,121$3,268,948$4,630,458
64$6,598,461$3,906,381$3,325,785$4,894,586
65$7,217,172$4,043,462$3,382,868$5,179,540
66$7,897,280$4,185,548$3,440,151$5,487,259
67$8,644,995$4,332,832$3,497,587$5,819,878
68$9,467,155$4,485,511$3,555,127$6,179,742
69$10,371,297$4,643,794$3,612,716$6,569,428
70$11,365,724$4,807,894$3,670,297$6,991,772
71$12,459,584$4,978,037$3,727,808$7,449,890
72$13,662,956$5,154,456$3,785,184$7,947,212
73$14,986,946$5,337,393$3,842,357$8,487,508
74$16,443,790$5,527,100$3,899,251$9,074,928
75$18,046,969$5,723,840$3,955,788$9,714,036
76$19,811,339$5,927,887$4,011,886$10,409,855
77$21,753,267$6,139,525$4,067,455$11,167,911
78$23,890,788$6,359,050$4,122,403$11,994,286
79$26,243,776$6,586,771$4,176,631$12,895,676
80$28,834,126$6,823,008$4,230,033$13,879,447
81$31,685,967$7,068,095$4,282,499$14,953,710
82$34,825,884$7,322,380$4,333,912$16,127,394
83$38,283,173$7,586,226$4,384,147$17,410,328
84$42,090,115$7,860,010$4,433,074$18,813,333
85$46,282,280$8,144,123$4,480,555$20,348,325
86$50,898,863$8,438,976$4,526,444$22,028,422
87$55,983,056$8,744,994$4,570,588$23,868,073
88$61,582,449$9,062,621$4,612,825$25,883,183
89$67,749,489$9,392,319$4,652,984$28,091,274
90$74,541,963$9,734,569$4,690,886$30,511,637
91$82,023,554$10,089,873$4,726,341$33,165,521
92$90,264,434$10,458,755$4,759,151$36,076,329
93$99,341,930$10,841,757$4,789,106$39,269,835
94$109,341,252$11,239,448$4,815,986$42,774,429
95$120,356,298$11,652,419$4,839,560$46,621,383
96$132,490,538$12,081,286$4,859,584$50,845,141
97$145,857,996$12,526,691$4,875,802$55,483,645
98$160,584,316$12,989,304$4,887,946$60,578,690
99$176,807,959$13,469,823$4,895,735$66,176,319
100$194,681,501$13,968,974$4,898,872$72,327,251