Can I retire at age 55 with 2,740,000?

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 $2,740,000?

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$226,267$224,251$222,285$220,366$218,491$211,922
2 years$112,013$109,927$107,905$105,945$104,044$97,480
3 years$73,934$71,839$69,822$67,880$66,010$59,658
4 years$54,898$52,809$50,812$48,904$47,079$40,988
5 years$43,479$41,403$39,433$37,563$35,788$29,975
6 years$35,869$33,809$31,867$30,039$28,318$22,787
7 years$30,436$28,392$26,482$24,697$23,030$17,781
8 years$26,362$24,337$22,459$20,718$19,106$14,135
9 years$23,196$21,190$19,344$17,647$16,090$11,393
10 years$20,664$18,678$16,864$15,212$13,709$9,280
11 years$18,594$16,628$14,847$13,239$11,790$7,620
12 years$16,870$14,924$13,176$11,612$10,217$6,298
13 years$15,413$13,487$11,772$10,252$8,910$5,232
14 years$14,165$12,260$10,577$9,100$7,810$4,365
15 years$13,084$11,199$9,550$8,116$6,877$3,654
16 years$12,139$10,275$8,658$7,267$6,078$3,067
17 years$11,307$9,463$7,879$6,529$5,389$2,581
18 years$10,567$8,744$7,192$5,884$4,792$2,176
19 years$9,906$8,104$6,584$5,317$4,271$1,837
20 years$9,312$7,531$6,043$4,815$3,815$1,553
21 years$8,776$7,015$5,558$4,370$3,414$1,315
22 years$8,288$6,548$5,123$3,974$3,060$1,114
23 years$7,844$6,124$4,730$3,619$2,747$945
24 years$7,438$5,738$4,374$3,301$2,469$802
25 years$7,064$5,385$4,052$3,014$2,222$681
26 years$6,720$5,061$3,758$2,756$2,001$578
27 years$6,402$4,763$3,489$2,523$1,804$491
28 years$6,107$4,488$3,244$2,311$1,628$418
29 years$5,833$4,234$3,019$2,120$1,470$355
30 years$5,577$3,998$2,812$1,945$1,328$302
31 years$5,339$3,780$2,621$1,787$1,201$257
32 years$5,116$3,576$2,446$1,642$1,086$219
33 years$4,907$3,387$2,284$1,510$983$186
34 years$4,711$3,210$2,134$1,389$890$158
35 years$4,526$3,045$1,995$1,279$806$135
36 years$4,352$2,890$1,866$1,178$730$115
37 years$4,187$2,745$1,747$1,085$662$98
38 years$4,032$2,608$1,636$1,000$600$83
39 years$3,885$2,480$1,532$922$544$71
40 years$3,746$2,360$1,436$851$494$60
41 years$3,614$2,246$1,347$785$448$51
42 years$3,488$2,139$1,263$724$406$44
43 years$3,369$2,038$1,185$669$369$37
44 years$3,256$1,943$1,113$617$335$32
45 years$3,147$1,853$1,045$570$304$27
46 years$3,044$1,768$981$527$276$23
47 years$2,946$1,687$922$487$251$20
48 years$2,851$1,610$866$450$228$17
49 years$2,761$1,538$814$416$207$14
50 years$2,675$1,469$766$384$188$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,740,000, adding $6,919 every year, while hoping to spend $20,496 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: 39/46/15 Blend
54$2,740,000$2,740,000$2,740,000$2,740,000
55$3,026,617$2,881,397$2,838,927$3,130,793
56$3,313,524$3,000,778$2,912,223$3,325,018
57$3,629,009$3,125,321$2,987,288$3,532,387
58$3,975,965$3,255,259$3,064,159$3,756,167
59$4,357,580$3,390,833$3,142,875$3,997,849
60$4,777,365$3,532,296$3,223,473$4,259,071
61$5,239,190$3,679,913$3,305,994$4,541,631
62$5,747,320$3,833,960$3,390,477$4,847,500
63$6,306,451$3,994,729$3,476,963$5,178,844
64$6,921,761$4,162,522$3,565,492$5,538,041
65$7,598,951$4,337,657$3,656,107$5,927,700
66$8,344,307$4,520,465$3,748,850$6,350,690
67$9,164,753$4,711,294$3,843,762$6,810,160
68$10,067,917$4,910,507$3,940,888$7,309,573
69$11,062,208$5,118,485$4,040,271$7,852,730
70$12,156,888$5,335,626$4,141,955$8,443,814
71$13,362,166$5,562,346$4,245,985$9,087,419
72$14,689,287$5,799,082$4,352,407$9,788,595
73$16,150,647$6,046,290$4,461,265$10,552,898
74$17,759,902$6,304,447$4,572,606$11,386,433
75$19,532,100$6,574,053$4,686,477$12,295,918
76$21,483,824$6,855,631$4,802,923$13,288,738
77$23,633,347$7,149,730$4,921,994$14,373,019
78$26,000,803$7,456,921$5,043,736$15,557,699
79$28,608,381$7,777,806$5,168,197$16,852,610
80$31,480,530$8,113,013$5,295,425$18,268,570
81$34,644,192$8,463,199$5,425,470$19,817,485
82$38,129,056$8,829,052$5,558,380$21,512,454
83$41,967,838$9,211,293$5,694,203$23,367,891
84$46,196,588$9,610,677$5,832,990$25,399,665
85$50,855,033$10,027,994$5,974,789$27,625,236
86$55,986,952$10,464,071$6,119,649$30,063,828
87$61,640,585$10,919,774$6,267,621$32,736,597
88$67,869,091$11,396,010$6,418,753$35,666,838
89$74,731,052$11,893,728$6,573,095$38,880,192
90$82,291,021$12,413,922$6,730,695$42,404,891
91$90,620,135$12,957,634$6,891,604$46,272,018
92$99,796,785$13,525,955$7,055,868$50,515,798
93$109,907,355$14,120,024$7,223,538$55,173,915
94$121,047,039$14,741,039$7,394,660$60,287,867
95$133,320,738$15,390,252$7,569,283$65,903,350
96$146,844,053$16,068,973$7,747,453$72,070,686
97$161,744,370$16,778,577$7,929,217$78,845,295
98$178,162,070$17,520,501$8,114,620$86,288,209
99$196,251,848$18,296,253$8,303,706$94,466,648
100$216,184,176$19,107,409$8,496,520$103,454,646