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%12.8%
1 years$226,267$224,251$222,285$220,366$218,491$215,940
2 years$112,013$109,927$107,905$105,945$104,044$101,476
3 years$73,934$71,839$69,822$67,880$66,010$63,505
4 years$54,898$52,809$50,812$48,904$47,079$44,656
5 years$43,479$41,403$39,433$37,563$35,788$33,455
6 years$35,869$33,809$31,867$30,039$28,318$26,077
7 years$30,436$28,392$26,482$24,697$23,030$20,883
8 years$26,362$24,337$22,459$20,718$19,106$17,051
9 years$23,196$21,190$19,344$17,647$16,090$14,127
10 years$20,664$18,678$16,864$15,212$13,709$11,838
11 years$18,594$16,628$14,847$13,239$11,790$10,008
12 years$16,870$14,924$13,176$11,612$10,217$8,522
13 years$15,413$13,487$11,772$10,252$8,910$7,300
14 years$14,165$12,260$10,577$9,100$7,810$6,283
15 years$13,084$11,199$9,550$8,116$6,877$5,430
16 years$12,139$10,275$8,658$7,267$6,078$4,709
17 years$11,307$9,463$7,879$6,529$5,389$4,095
18 years$10,567$8,744$7,192$5,884$4,792$3,571
19 years$9,906$8,104$6,584$5,317$4,271$3,120
20 years$9,312$7,531$6,043$4,815$3,815$2,731
21 years$8,776$7,015$5,558$4,370$3,414$2,394
22 years$8,288$6,548$5,123$3,974$3,060$2,102
23 years$7,844$6,124$4,730$3,619$2,747$1,847
24 years$7,438$5,738$4,374$3,301$2,469$1,625
25 years$7,064$5,385$4,052$3,014$2,222$1,431
26 years$6,720$5,061$3,758$2,756$2,001$1,262
27 years$6,402$4,763$3,489$2,523$1,804$1,113
28 years$6,107$4,488$3,244$2,311$1,628$982
29 years$5,833$4,234$3,019$2,120$1,470$867
30 years$5,577$3,998$2,812$1,945$1,328$766
31 years$5,339$3,780$2,621$1,787$1,201$677
32 years$5,116$3,576$2,446$1,642$1,086$598
33 years$4,907$3,387$2,284$1,510$983$529
34 years$4,711$3,210$2,134$1,389$890$468
35 years$4,526$3,045$1,995$1,279$806$414
36 years$4,352$2,890$1,866$1,178$730$367
37 years$4,187$2,745$1,747$1,085$662$324
38 years$4,032$2,608$1,636$1,000$600$287
39 years$3,885$2,480$1,532$922$544$254
40 years$3,746$2,360$1,436$851$494$225
41 years$3,614$2,246$1,347$785$448$200
42 years$3,488$2,139$1,263$724$406$177
43 years$3,369$2,038$1,185$669$369$157
44 years$3,256$1,943$1,113$617$335$139
45 years$3,147$1,853$1,045$570$304$123
46 years$3,044$1,768$981$527$276$109
47 years$2,946$1,687$922$487$251$97
48 years$2,851$1,610$866$450$228$86
49 years$2,761$1,538$814$416$207$76
50 years$2,675$1,469$766$384$188$67

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 $3,825 every year, while hoping to spend $58,106 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: 43/42/15 Blend
54$2,740,000$2,740,000$2,740,000$2,740,000
55$3,023,425$2,878,205$2,835,735$3,140,096
56$3,269,991$2,957,413$2,868,908$3,301,542
57$3,539,758$3,038,555$2,901,245$3,470,271
58$3,835,032$3,121,663$2,932,656$3,651,815
59$4,158,353$3,206,772$2,963,047$3,847,377
60$4,512,515$3,293,914$2,992,319$4,058,279
61$4,900,597$3,383,121$3,020,367$4,285,980
62$5,325,989$3,474,425$3,047,081$4,532,082
63$5,792,425$3,567,857$3,072,343$4,798,351
64$6,304,018$3,663,448$3,096,032$5,086,730
65$6,865,298$3,761,226$3,118,019$5,399,359
66$7,481,253$3,861,222$3,138,168$5,738,595
67$8,157,381$3,963,461$3,156,337$6,107,030
68$8,899,734$4,067,972$3,172,374$6,507,523
69$9,714,982$4,174,777$3,186,124$6,943,221
70$10,610,471$4,283,901$3,197,419$7,417,589
71$11,594,293$4,395,367$3,206,087$7,934,444
72$12,675,363$4,509,193$3,211,944$8,497,993
73$13,863,505$4,625,397$3,214,798$9,112,868
74$15,169,537$4,743,997$3,214,449$9,784,172
75$16,605,381$4,865,004$3,210,684$10,517,527
76$18,184,171$4,988,430$3,203,283$11,319,128
77$19,920,376$5,114,282$3,192,012$12,195,799
78$21,829,938$5,242,566$3,176,629$13,155,058
79$23,930,423$5,373,283$3,156,877$14,205,191
80$26,241,183$5,506,431$3,132,489$15,355,325
81$28,783,541$5,642,004$3,103,185$16,615,519
82$31,580,991$5,779,991$3,068,671$17,996,856
83$34,659,419$5,920,377$3,028,638$19,511,549
84$38,047,348$6,063,143$2,982,765$21,173,054
85$41,776,204$6,208,264$2,930,715$22,996,200
86$45,880,617$6,355,708$2,872,133$24,997,329
87$50,398,741$6,505,440$2,806,651$27,194,448
88$55,372,621$6,657,414$2,733,882$29,607,400
89$60,848,582$6,811,582$2,653,421$32,258,054
90$66,877,672$6,967,884$2,564,846$35,170,507
91$73,516,140$7,126,255$2,467,713$38,371,316
92$80,825,964$7,286,620$2,361,559$41,889,748
93$88,875,443$7,448,895$2,245,902$45,758,052
94$97,739,833$7,612,986$2,120,235$50,011,772
95$107,502,063$7,778,789$1,984,030$54,690,076
96$118,253,512$7,946,188$1,836,733$59,836,130
97$130,094,876$8,115,057$1,677,769$65,497,503
98$143,137,113$8,285,255$1,506,534$71,726,620
99$157,502,494$8,456,628$1,322,399$78,581,255
100$173,325,754$8,629,008$1,124,705$86,125,078