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%14.6%
1 years$208,099$206,246$204,437$202,672$200,948$197,133
2 years$103,019$101,101$99,241$97,438$95,690$91,861
3 years$67,997$66,070$64,216$62,430$60,709$56,986
4 years$50,490$48,569$46,733$44,977$43,299$39,710
5 years$39,988$38,079$36,266$34,547$32,915$29,470
6 years$32,989$31,094$29,309$27,627$26,044$22,748
7 years$27,992$26,113$24,356$22,714$21,181$18,034
8 years$24,246$22,383$20,655$19,054$17,572$14,573
9 years$21,333$19,489$17,791$16,230$14,798$11,946
10 years$19,005$17,178$15,510$13,990$12,609$9,901
11 years$17,101$15,293$13,655$12,176$10,844$8,277
12 years$15,516$13,726$12,118$10,680$9,397$6,967
13 years$14,175$12,404$10,827$9,429$8,194$5,897
14 years$13,027$11,275$9,728$8,370$7,183$5,015
15 years$12,033$10,300$8,783$7,464$6,325$4,281
16 years$11,165$9,450$7,963$6,683$5,590$3,666
17 years$10,399$8,703$7,246$6,005$4,956$3,148
18 years$9,719$8,042$6,615$5,412$4,407$2,709
19 years$9,111$7,453$6,056$4,890$3,928$2,336
20 years$8,565$6,926$5,558$4,429$3,508$2,018
21 years$8,071$6,451$5,112$4,019$3,140$1,745
22 years$7,623$6,022$4,711$3,655$2,814$1,511
23 years$7,214$5,632$4,350$3,328$2,526$1,310
24 years$6,840$5,277$4,023$3,036$2,271$1,136
25 years$6,497$4,952$3,726$2,772$2,043$987
26 years$6,180$4,654$3,456$2,535$1,840$857
27 years$5,888$4,380$3,209$2,320$1,659$745
28 years$5,617$4,128$2,983$2,126$1,497$648
29 years$5,364$3,894$2,776$1,949$1,352$564
30 years$5,130$3,677$2,586$1,789$1,222$491
31 years$4,910$3,476$2,411$1,643$1,104$427
32 years$4,705$3,289$2,249$1,510$999$372
33 years$4,513$3,115$2,100$1,389$904$324
34 years$4,332$2,952$1,962$1,278$819$283
35 years$4,162$2,800$1,835$1,176$741$246
36 years$4,002$2,658$1,716$1,083$672$215
37 years$3,851$2,524$1,606$998$609$187
38 years$3,708$2,399$1,504$920$552$163
39 years$3,573$2,281$1,409$848$501$142
40 years$3,445$2,170$1,321$782$454$124
41 years$3,324$2,066$1,239$722$412$108
42 years$3,208$1,968$1,162$666$374$94
43 years$3,099$1,875$1,090$615$339$82
44 years$2,994$1,787$1,023$568$308$72
45 years$2,895$1,704$961$524$280$63
46 years$2,800$1,626$903$484$254$55
47 years$2,709$1,551$848$447$230$48
48 years$2,622$1,481$797$414$209$42
49 years$2,540$1,414$749$382$190$36
50 years$2,460$1,351$704$353$173$32

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 $5,618 every year, while hoping to spend $39,574 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: 67/15/18 Blend
54$2,520,000$2,520,000$2,520,000$2,520,000
55$2,782,835$2,649,275$2,610,215$2,956,647
56$3,024,578$2,736,983$2,655,551$3,161,284
57$3,289,652$2,827,662$2,701,079$3,379,845
58$3,580,395$2,921,417$2,746,764$3,617,876
59$3,899,384$3,018,354$2,792,569$3,877,287
60$4,249,453$3,118,586$2,838,452$4,160,183
61$4,633,728$3,222,227$2,884,371$4,468,882
62$5,055,650$3,329,398$2,930,279$4,805,934
63$5,519,010$3,440,223$2,976,127$5,174,149
64$6,027,986$3,554,830$3,021,864$5,576,623
65$6,587,176$3,673,353$3,067,433$6,016,761
66$7,201,651$3,795,930$3,112,775$6,498,318
67$7,876,994$3,922,705$3,157,827$7,025,428
68$8,619,356$4,053,826$3,202,523$7,602,643
69$9,435,515$4,189,448$3,246,792$8,234,978
70$10,332,937$4,329,730$3,290,559$8,927,958
71$11,319,848$4,474,839$3,333,744$9,687,668
72$12,405,313$4,624,946$3,376,264$10,520,812
73$13,599,316$4,780,230$3,418,030$11,434,774
74$14,912,860$4,940,875$3,458,949$12,437,689
75$16,358,068$5,107,074$3,498,919$13,538,521
76$17,948,296$5,279,026$3,537,838$14,747,142
77$19,698,261$5,456,937$3,575,595$16,074,431
78$21,624,179$5,641,022$3,612,072$17,532,372
79$23,743,916$5,831,503$3,647,148$19,134,171
80$26,077,159$6,028,610$3,680,691$20,894,374
81$28,645,601$6,232,584$3,712,566$22,829,011
82$31,473,145$6,443,673$3,742,629$24,955,742
83$34,586,127$6,662,134$3,770,729$27,294,026
84$38,013,569$6,888,236$3,796,705$29,865,303
85$41,787,449$7,122,256$3,820,391$32,693,198
86$45,943,005$7,364,482$3,841,610$35,803,739
87$50,519,064$7,615,214$3,860,176$39,225,608
88$55,558,412$7,874,764$3,875,896$42,990,408
89$61,108,196$8,143,453$3,888,564$47,132,963
90$67,220,366$8,421,616$3,897,966$51,691,642
91$73,952,171$8,709,603$3,903,875$56,708,728
92$81,366,692$9,007,773$3,906,055$62,230,809
93$89,533,444$9,316,503$3,904,257$68,309,224
94$98,529,026$9,636,183$3,898,220$75,000,542
95$108,437,847$9,967,216$3,887,671$82,367,099
96$119,352,922$10,310,024$3,872,322$90,477,584
97$131,376,749$10,665,044$3,851,874$99,407,690
98$144,622,276$11,032,730$3,826,010$109,240,822
99$159,213,967$11,413,553$3,794,400$120,068,892
100$175,288,977$11,808,002$3,756,698$131,993,180