Can I retire at age 55 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$207,273$205,427$203,626$201,868$200,151$192,590
2 years$102,611$100,700$98,848$97,052$95,310$87,780
3 years$67,728$65,808$63,961$62,182$60,469$53,207
4 years$50,289$48,376$46,547$44,799$43,127$36,189
5 years$39,829$37,927$36,122$34,410$32,784$26,187
6 years$32,858$30,971$29,192$27,518$25,941$19,690
7 years$27,881$26,009$24,259$22,624$21,097$15,190
8 years$24,149$22,295$20,574$18,979$17,502$11,934
9 years$21,249$19,411$17,720$16,166$14,739$9,502
10 years$18,930$17,110$15,449$13,935$12,559$7,642
11 years$17,033$15,232$13,601$12,127$10,801$6,195
12 years$15,454$13,672$12,070$10,637$9,360$5,052
13 years$14,119$12,355$10,784$9,391$8,162$4,140
14 years$12,976$11,230$9,690$8,337$7,155$3,406
15 years$11,986$10,259$8,748$7,435$6,300$2,811
16 years$11,120$9,413$7,932$6,657$5,568$2,326
17 years$10,357$8,669$7,217$5,981$4,937$1,928
18 years$9,680$8,010$6,589$5,390$4,389$1,602
19 years$9,075$7,424$6,032$4,871$3,912$1,332
20 years$8,531$6,899$5,535$4,411$3,495$1,109
21 years$8,039$6,426$5,092$4,003$3,127$925
22 years$7,593$5,998$4,693$3,640$2,803$771
23 years$7,186$5,610$4,333$3,315$2,516$644
24 years$6,813$5,256$4,007$3,024$2,262$538
25 years$6,471$4,933$3,711$2,761$2,035$449
26 years$6,156$4,636$3,442$2,525$1,833$376
27 years$5,864$4,363$3,196$2,311$1,653$314
28 years$5,594$4,111$2,971$2,117$1,491$263
29 years$5,343$3,878$2,765$1,942$1,347$220
30 years$5,109$3,663$2,576$1,782$1,217$184
31 years$4,891$3,463$2,401$1,637$1,100$154
32 years$4,687$3,276$2,240$1,504$995$129
33 years$4,495$3,103$2,092$1,383$901$108
34 years$4,315$2,941$1,954$1,273$815$90
35 years$4,146$2,789$1,827$1,171$738$76
36 years$3,986$2,647$1,709$1,079$669$63
37 years$3,836$2,514$1,600$994$606$53
38 years$3,694$2,390$1,498$916$550$44
39 years$3,559$2,272$1,404$845$499$37
40 years$3,432$2,162$1,316$779$452$31
41 years$3,311$2,058$1,234$719$410$26
42 years$3,196$1,960$1,157$664$372$22
43 years$3,086$1,867$1,086$612$338$18
44 years$2,982$1,780$1,019$566$307$15
45 years$2,883$1,697$957$522$278$13
46 years$2,789$1,619$899$482$253$11
47 years$2,698$1,545$845$446$230$9
48 years$2,612$1,475$794$412$208$8
49 years$2,530$1,409$746$381$189$6
50 years$2,451$1,346$701$352$172$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,510,000, adding $4,630 every year, while hoping to spend $55,201 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: 53/33/14 Blend
54$2,510,000$2,510,000$2,510,000$2,510,000
55$2,770,796$2,637,766$2,598,861$2,907,098
56$2,994,684$2,708,283$2,627,189$3,071,130
57$3,239,558$2,780,405$2,654,617$3,243,224
58$3,507,501$2,854,153$2,681,054$3,429,217
59$3,800,805$2,929,546$2,706,409$3,630,439
60$4,121,997$3,006,603$2,730,583$3,848,359
61$4,473,855$3,085,341$2,753,472$4,084,591
62$4,859,442$3,165,777$2,774,968$4,340,913
63$5,282,131$3,247,926$2,794,955$4,619,285
64$5,745,635$3,331,801$2,813,313$4,921,863
65$6,254,046$3,417,415$2,829,915$5,251,022
66$6,811,869$3,504,779$2,844,627$5,609,379
67$7,424,067$3,593,900$2,857,309$5,999,814
68$8,096,107$3,684,786$2,867,814$6,425,503
69$8,834,010$3,777,442$2,875,986$6,889,941
70$9,644,411$3,871,868$2,881,664$7,396,980
71$10,534,617$3,968,066$2,884,675$7,950,864
72$11,512,678$4,066,031$2,884,842$8,556,268
73$12,587,462$4,165,757$2,881,975$9,218,341
74$13,768,739$4,267,236$2,875,878$9,942,760
75$15,067,274$4,370,453$2,866,343$10,735,775
76$16,494,924$4,475,394$2,853,153$11,604,277
77$18,064,754$4,582,036$2,836,082$12,555,856
78$19,791,158$4,690,355$2,814,890$13,598,876
79$21,689,996$4,800,321$2,789,328$14,742,554
80$23,778,739$4,911,901$2,759,134$15,997,045
81$26,076,639$5,025,053$2,724,033$17,373,539
82$28,604,908$5,139,732$2,683,740$18,884,369
83$31,386,916$5,255,887$2,637,953$20,543,124
84$34,448,415$5,373,459$2,586,358$22,364,778
85$37,817,778$5,492,383$2,528,626$24,365,833
86$41,526,268$5,612,586$2,464,412$26,564,474
87$45,608,333$5,733,989$2,393,355$28,980,741
88$50,101,930$5,856,501$2,315,080$31,636,718
89$55,048,882$5,980,025$2,229,190$34,556,742
90$60,495,275$6,104,453$2,135,275$37,767,633
91$66,491,890$6,229,668$2,032,903$41,298,947
92$73,094,681$6,355,540$1,921,624$45,183,256
93$80,365,307$6,481,930$1,800,966$49,456,455
94$88,371,707$6,608,684$1,670,438$54,158,102
95$97,188,749$6,735,636$1,529,525$59,331,793
96$106,898,927$6,862,608$1,377,690$65,025,569
97$117,593,146$6,989,405$1,214,372$71,292,377
98$129,371,578$7,115,817$1,038,984$78,190,565
99$142,344,604$7,241,616$850,914$85,784,436
100$156,633,857$7,366,559$649,524$94,144,856