Can I retire at age 55 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$208,099$206,246$204,437$202,672$200,948$193,973
2 years$103,019$101,101$99,241$97,438$95,690$88,734
3 years$67,997$66,070$64,216$62,430$60,709$53,992
4 years$50,490$48,569$46,733$44,977$43,299$36,871
5 years$39,988$38,079$36,266$34,547$32,915$26,794
6 years$32,989$31,094$29,309$27,627$26,044$20,235
7 years$27,992$26,113$24,356$22,714$21,181$15,682
8 years$24,246$22,383$20,655$19,054$17,572$12,379
9 years$21,333$19,489$17,791$16,230$14,798$9,905
10 years$19,005$17,178$15,510$13,990$12,609$8,007
11 years$17,101$15,293$13,655$12,176$10,844$6,524
12 years$15,516$13,726$12,118$10,680$9,397$5,349
13 years$14,175$12,404$10,827$9,429$8,194$4,408
14 years$13,027$11,275$9,728$8,370$7,183$3,647
15 years$12,033$10,300$8,783$7,464$6,325$3,027
16 years$11,165$9,450$7,963$6,683$5,590$2,519
17 years$10,399$8,703$7,246$6,005$4,956$2,101
18 years$9,719$8,042$6,615$5,412$4,407$1,755
19 years$9,111$7,453$6,056$4,890$3,928$1,469
20 years$8,565$6,926$5,558$4,429$3,508$1,231
21 years$8,071$6,451$5,112$4,019$3,140$1,032
22 years$7,623$6,022$4,711$3,655$2,814$866
23 years$7,214$5,632$4,350$3,328$2,526$728
24 years$6,840$5,277$4,023$3,036$2,271$612
25 years$6,497$4,952$3,726$2,772$2,043$514
26 years$6,180$4,654$3,456$2,535$1,840$433
27 years$5,888$4,380$3,209$2,320$1,659$364
28 years$5,617$4,128$2,983$2,126$1,497$307
29 years$5,364$3,894$2,776$1,949$1,352$258
30 years$5,130$3,677$2,586$1,789$1,222$217
31 years$4,910$3,476$2,411$1,643$1,104$183
32 years$4,705$3,289$2,249$1,510$999$154
33 years$4,513$3,115$2,100$1,389$904$130
34 years$4,332$2,952$1,962$1,278$819$110
35 years$4,162$2,800$1,835$1,176$741$92
36 years$4,002$2,658$1,716$1,083$672$78
37 years$3,851$2,524$1,606$998$609$66
38 years$3,708$2,399$1,504$920$552$55
39 years$3,573$2,281$1,409$848$501$47
40 years$3,445$2,170$1,321$782$454$39
41 years$3,324$2,066$1,239$722$412$33
42 years$3,208$1,968$1,162$666$374$28
43 years$3,099$1,875$1,090$615$339$24
44 years$2,994$1,787$1,023$568$308$20
45 years$2,895$1,704$961$524$280$17
46 years$2,800$1,626$903$484$254$14
47 years$2,709$1,551$848$447$230$12
48 years$2,622$1,481$797$414$209$10
49 years$2,540$1,414$749$382$190$8
50 years$2,460$1,351$704$353$173$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,520,000, adding $5,167 every year, while hoping to spend $34,767 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: 61/13/26 Blend
54$2,520,000$2,520,000$2,520,000$2,520,000
55$2,782,370$2,648,810$2,609,750$2,932,437
56$3,029,180$2,741,610$2,660,185$3,127,826
57$3,299,999$2,837,791$2,711,144$3,336,776
58$3,597,240$2,937,484$2,762,608$3,564,104
59$3,923,559$3,040,822$2,814,557$3,811,610
60$4,281,885$3,147,945$2,866,967$4,081,274
61$4,675,440$3,258,997$2,919,813$4,375,276
62$5,107,778$3,374,131$2,973,069$4,696,018
63$5,582,810$3,493,502$3,026,706$5,046,144
64$6,104,848$3,617,275$3,080,692$5,428,566
65$6,678,640$3,745,619$3,134,993$5,846,489
66$7,309,418$3,878,711$3,189,572$6,303,446
67$8,002,947$4,016,737$3,244,391$6,803,326
68$8,765,578$4,159,886$3,299,408$7,350,413
69$9,604,305$4,308,359$3,354,577$7,949,425
70$10,526,839$4,462,364$3,409,850$8,605,559
71$11,541,673$4,622,116$3,465,176$9,324,542
72$12,658,164$4,787,840$3,520,500$10,112,679
73$13,886,624$4,959,771$3,575,764$10,976,918
74$15,238,412$5,138,152$3,630,904$11,924,912
75$16,726,046$5,323,238$3,685,855$12,965,093
76$18,363,318$5,515,292$3,740,547$14,106,749
77$20,165,425$5,714,590$3,794,904$15,360,114
78$22,149,113$5,921,419$3,848,848$16,736,461
79$24,332,830$6,136,077$3,902,292$18,248,213
80$26,736,910$6,358,875$3,955,150$19,909,053
81$29,383,752$6,590,138$4,007,325$21,734,060
82$32,298,042$6,830,202$4,058,718$23,739,847
83$35,506,980$7,079,419$4,109,222$25,944,718
84$39,040,538$7,338,156$4,158,727$28,368,841
85$42,931,741$7,606,795$4,207,113$31,034,436
86$47,216,983$7,885,732$4,254,256$33,965,989
87$51,936,365$8,175,383$4,300,023$37,190,479
88$57,134,077$8,476,179$4,344,276$40,737,630
89$62,858,811$8,788,570$4,386,868$44,640,200
90$69,164,226$9,113,026$4,427,644$48,934,279
91$76,109,448$9,450,035$4,466,441$53,659,638
92$83,759,633$9,800,108$4,503,087$58,860,099
93$92,186,577$10,163,775$4,537,403$64,583,949
94$101,469,399$10,541,591$4,569,197$70,884,398
95$111,695,283$10,934,134$4,598,270$77,820,077
96$122,960,300$11,342,005$4,624,410$85,455,594
97$135,370,321$11,765,833$4,647,398$93,862,144
98$149,042,007$12,206,273$4,667,000$103,118,177
99$164,103,919$12,664,008$4,682,972$113,310,139
100$180,697,725$13,139,750$4,695,057$124,533,293