Can I retire at age 55 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$208,925$207,064$205,248$203,476$201,746$199,060
2 years$103,428$101,502$99,635$97,825$96,069$93,368
3 years$68,267$66,333$64,471$62,677$60,950$58,317
4 years$50,690$48,762$46,918$45,156$43,470$40,925
5 years$40,147$38,230$36,410$34,684$33,045$30,596
6 years$33,120$31,217$29,425$27,737$26,148$23,797
7 years$28,103$26,216$24,452$22,804$21,265$19,014
8 years$24,342$22,472$20,737$19,130$17,641$15,490
9 years$21,418$19,566$17,861$16,294$14,857$12,804
10 years$19,080$17,247$15,572$14,046$12,659$10,702
11 years$17,169$15,354$13,709$12,224$10,887$9,026
12 years$15,577$13,781$12,167$10,722$9,434$7,666
13 years$14,232$12,454$10,870$9,466$8,227$6,549
14 years$13,079$11,320$9,767$8,403$7,212$5,622
15 years$12,081$10,341$8,818$7,494$6,350$4,846
16 years$11,209$9,488$7,995$6,710$5,612$4,191
17 years$10,440$8,738$7,275$6,029$4,976$3,634
18 years$9,757$8,074$6,641$5,433$4,424$3,160
19 years$9,147$7,483$6,080$4,909$3,943$2,753
20 years$8,599$6,954$5,580$4,446$3,522$2,402
21 years$8,103$6,477$5,132$4,035$3,152$2,100
22 years$7,653$6,046$4,730$3,669$2,825$1,838
23 years$7,243$5,655$4,367$3,342$2,536$1,610
24 years$6,868$5,298$4,039$3,048$2,280$1,412
25 years$6,523$4,972$3,741$2,783$2,051$1,240
26 years$6,205$4,673$3,470$2,545$1,848$1,089
27 years$5,911$4,398$3,222$2,329$1,666$958
28 years$5,639$4,144$2,995$2,134$1,503$842
29 years$5,386$3,909$2,787$1,957$1,357$741
30 years$5,150$3,692$2,596$1,796$1,226$653
31 years$4,930$3,490$2,420$1,650$1,109$575
32 years$4,724$3,302$2,258$1,516$1,003$507
33 years$4,531$3,127$2,109$1,394$908$447
34 years$4,350$2,964$1,970$1,283$822$394
35 years$4,179$2,811$1,842$1,181$744$347
36 years$4,018$2,668$1,723$1,088$674$306
37 years$3,867$2,534$1,613$1,002$611$270
38 years$3,723$2,409$1,510$924$554$238
39 years$3,587$2,290$1,415$852$503$210
40 years$3,459$2,179$1,326$785$456$186
41 years$3,337$2,074$1,244$725$414$164
42 years$3,221$1,975$1,167$669$375$145
43 years$3,111$1,882$1,095$617$341$128
44 years$3,006$1,794$1,027$570$309$113
45 years$2,906$1,711$965$526$281$100
46 years$2,811$1,632$906$486$255$88
47 years$2,720$1,558$851$449$231$78
48 years$2,633$1,487$800$415$210$69
49 years$2,550$1,420$752$384$191$61
50 years$2,470$1,356$707$355$173$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,530,000, adding $2,863 every year, while hoping to spend $39,920 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: 84/9/7 Blend
54$2,530,000$2,530,000$2,530,000$2,530,000
55$2,791,013$2,656,923$2,617,708$3,023,530
56$3,033,222$2,744,638$2,662,927$3,263,490
57$3,298,798$2,835,313$2,708,322$3,521,297
58$3,590,083$2,929,050$2,753,859$3,803,205
59$3,909,655$3,025,958$2,799,497$4,111,609
60$4,260,355$3,126,145$2,845,195$4,449,145
61$4,645,312$3,229,727$2,890,910$4,818,719
62$5,067,973$3,336,822$2,936,594$5,223,527
63$5,532,133$3,447,553$2,982,196$5,667,093
64$6,041,975$3,562,047$3,027,664$6,153,296
65$6,602,106$3,680,437$3,072,941$6,686,409
66$7,217,601$3,802,860$3,117,965$7,271,140
67$7,894,053$3,929,456$3,162,674$7,912,673
68$8,637,621$4,060,374$3,206,998$8,616,720
69$9,455,092$4,195,766$3,250,866$9,389,571
70$10,353,942$4,335,790$3,294,201$10,238,159
71$11,342,410$4,480,609$3,336,922$11,170,118
72$12,429,571$4,630,394$3,378,944$12,193,859
73$13,625,425$4,785,321$3,420,176$13,318,650
74$14,940,989$4,945,572$3,460,523$14,554,699
75$16,388,402$5,111,338$3,499,883$15,913,254
76$17,981,040$5,282,814$3,538,150$17,406,708
77$19,733,639$5,460,205$3,575,211$19,048,712
78$21,662,437$5,643,721$3,610,947$20,854,310
79$23,785,325$5,833,583$3,645,233$22,840,075
80$26,122,017$6,030,018$3,677,937$25,024,268
81$28,694,235$6,233,261$3,708,921$27,427,009
82$31,525,915$6,443,558$3,738,037$30,070,467
83$34,643,429$6,661,164$3,765,132$32,979,069
84$38,075,838$6,886,340$3,790,044$36,179,729
85$41,855,165$7,119,362$3,812,602$39,702,102
86$46,016,695$7,360,513$3,832,626$43,578,866
87$50,599,307$7,610,089$3,849,929$47,846,027
88$55,645,847$7,868,394$3,864,312$52,543,259
89$61,203,525$8,135,746$3,875,568$57,714,278
90$67,324,362$8,412,475$3,883,477$63,407,257
91$74,065,684$8,698,924$3,887,811$69,675,276
92$81,490,660$8,995,447$3,888,328$76,576,826
93$89,668,896$9,302,413$3,884,777$84,176,358
94$98,677,098$9,620,205$3,876,891$92,544,892
95$108,599,789$9,949,222$3,864,393$101,760,688
96$119,530,109$10,289,876$3,846,992$111,909,984
97$131,570,696$10,642,595$3,824,382$123,087,806
98$144,834,651$11,007,826$3,796,243$135,398,871
99$159,446,607$11,386,032$3,762,239$148,958,568
100$175,543,906$11,777,692$3,722,019$163,894,052