Can I retire at age 55 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$206,448$204,609$202,815$201,063$199,354$198,263
2 years$102,202$100,298$98,454$96,665$94,930$93,830
3 years$67,458$65,546$63,706$61,934$60,228$59,152
4 years$50,089$48,183$46,362$44,620$42,955$41,912
5 years$39,671$37,776$35,979$34,273$32,654$31,646
6 years$32,727$30,847$29,076$27,408$25,838$24,867
7 years$27,770$25,905$24,162$22,534$21,013$20,079
8 years$24,053$22,206$20,492$18,903$17,432$16,536
9 years$21,164$19,334$17,649$16,101$14,680$13,821
10 years$18,854$17,042$15,387$13,879$12,509$11,686
11 years$16,965$15,172$13,547$12,079$10,758$9,972
12 years$15,393$13,617$12,022$10,595$9,322$8,572
13 years$14,063$12,306$10,741$9,354$8,129$7,414
14 years$12,924$11,186$9,651$8,303$7,126$6,444
15 years$11,938$10,218$8,713$7,405$6,274$5,626
16 years$11,076$9,375$7,900$6,630$5,545$4,929
17 years$10,316$8,634$7,189$5,957$4,917$4,332
18 years$9,642$7,978$6,562$5,369$4,372$3,817
19 years$9,039$7,394$6,008$4,851$3,897$3,371
20 years$8,497$6,871$5,513$4,394$3,481$2,983
21 years$8,007$6,400$5,071$3,988$3,115$2,645
22 years$7,562$5,974$4,674$3,626$2,792$2,348
23 years$7,157$5,588$4,316$3,302$2,506$2,087
24 years$6,786$5,235$3,991$3,012$2,253$1,858
25 years$6,445$4,913$3,697$2,750$2,027$1,655
26 years$6,131$4,617$3,428$2,515$1,826$1,476
27 years$5,841$4,346$3,184$2,302$1,646$1,318
28 years$5,572$4,095$2,960$2,109$1,485$1,177
29 years$5,322$3,863$2,754$1,934$1,341$1,052
30 years$5,089$3,648$2,565$1,775$1,212$940
31 years$4,871$3,449$2,392$1,630$1,096$841
32 years$4,668$3,263$2,231$1,498$991$753
33 years$4,477$3,090$2,084$1,378$897$674
34 years$4,298$2,929$1,947$1,268$812$604
35 years$4,129$2,778$1,820$1,167$736$541
36 years$3,971$2,637$1,703$1,075$666$485
37 years$3,821$2,504$1,594$990$604$435
38 years$3,679$2,380$1,492$913$548$390
39 years$3,545$2,263$1,398$841$497$350
40 years$3,418$2,153$1,310$776$450$314
41 years$3,297$2,050$1,229$716$409$281
42 years$3,183$1,952$1,153$661$371$253
43 years$3,074$1,860$1,082$610$337$227
44 years$2,970$1,773$1,015$563$305$203
45 years$2,872$1,691$953$520$277$183
46 years$2,777$1,613$895$481$252$164
47 years$2,688$1,539$841$444$229$147
48 years$2,602$1,469$791$410$208$132
49 years$2,519$1,403$743$379$189$119
50 years$2,441$1,340$699$350$171$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,500,000, adding $4,073 every year, while hoping to spend $47,873 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: 23/49/28 Blend
54$2,500,000$2,500,000$2,500,000$2,500,000
55$2,759,201$2,626,701$2,587,951$2,798,160
56$2,989,703$2,704,473$2,623,711$2,910,042
57$3,242,112$2,784,451$2,659,064$3,025,449
58$3,518,611$2,866,693$2,693,947$3,147,992
59$3,821,607$2,951,258$2,728,291$3,278,292
60$4,153,746$3,038,206$2,762,025$3,417,030
61$4,517,948$3,127,597$2,795,072$3,564,955
62$4,917,424$3,219,495$2,827,353$3,722,890
63$5,355,715$3,313,964$2,858,782$3,891,742
64$5,836,717$3,411,067$2,889,271$4,072,505
65$6,364,726$3,510,873$2,918,725$4,266,276
66$6,944,470$3,613,448$2,947,044$4,474,258
67$7,581,160$3,718,861$2,974,124$4,697,778
68$8,280,535$3,827,183$2,999,855$4,938,294
69$9,048,920$3,938,484$3,024,119$5,197,413
70$9,893,278$4,052,838$3,046,796$5,476,901
71$10,821,283$4,170,318$3,067,754$5,778,705
72$11,841,390$4,291,000$3,086,861$6,104,968
73$12,962,913$4,414,960$3,103,971$6,458,047
74$14,196,113$4,542,276$3,118,937$6,840,540
75$15,552,295$4,673,026$3,131,600$7,255,309
76$17,043,915$4,807,290$3,141,794$7,705,503
77$18,684,697$4,945,150$3,149,347$8,194,592
78$20,489,761$5,086,687$3,154,075$8,726,398
79$22,475,767$5,231,986$3,155,788$9,305,132
80$24,661,072$5,381,129$3,154,283$9,935,432
81$27,065,900$5,534,203$3,149,350$10,622,405
82$29,712,537$5,691,294$3,140,768$11,371,683
83$32,625,537$5,852,489$3,128,305$12,189,465
84$35,831,956$6,017,875$3,111,718$13,082,585
85$39,361,606$6,187,541$3,090,751$14,058,570
86$43,247,336$6,361,577$3,065,137$15,125,716
87$47,525,342$6,540,073$3,034,598$16,293,162
88$52,235,509$6,723,118$2,998,838$17,570,978
89$57,421,784$6,910,804$2,957,553$18,970,263
90$63,132,594$7,103,221$2,910,419$20,503,243
91$69,421,301$7,300,462$2,857,100$22,183,395
92$76,346,705$7,502,616$2,797,244$24,025,566
93$83,973,600$7,709,775$2,730,483$26,046,120
94$92,373,384$7,922,030$2,656,431$28,263,089
95$101,624,732$8,139,472$2,574,684$30,696,343
96$111,814,338$8,362,191$2,484,820$33,367,781
97$123,037,737$8,590,274$2,386,398$36,301,535
98$135,400,201$8,823,812$2,278,956$39,524,200
99$149,017,733$9,062,890$2,162,013$43,065,082
100$164,018,164$9,307,595$2,035,063$46,956,482