Can I retire at age 55 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$211,402$209,519$207,682$205,889$204,138$196,973
2 years$104,655$102,706$100,817$98,985$97,209$90,066
3 years$69,077$67,119$65,235$63,421$61,673$54,776
4 years$51,291$49,340$47,474$45,691$43,986$37,388
5 years$40,623$38,683$36,842$35,095$33,437$27,155
6 years$33,513$31,588$29,774$28,066$26,458$20,497
7 years$28,436$26,527$24,742$23,074$21,517$15,876
8 years$24,630$22,739$20,983$19,357$17,851$12,524
9 years$21,672$19,798$18,073$16,488$15,033$10,015
10 years$19,307$17,451$15,756$14,212$12,809$8,091
11 years$17,373$15,536$13,872$12,369$11,016$6,588
12 years$15,762$13,944$12,311$10,849$9,546$5,398
13 years$14,400$12,601$10,999$9,578$8,324$4,445
14 years$13,234$11,454$9,883$8,503$7,297$3,675
15 years$12,224$10,464$8,923$7,583$6,425$3,048
16 years$11,342$9,600$8,090$6,790$5,678$2,535
17 years$10,564$8,841$7,361$6,100$5,035$2,113
18 years$9,873$8,170$6,720$5,498$4,477$1,764
19 years$9,256$7,572$6,152$4,968$3,990$1,475
20 years$8,701$7,036$5,646$4,499$3,564$1,235
21 years$8,199$6,554$5,193$4,083$3,190$1,035
22 years$7,744$6,118$4,786$3,713$2,859$868
23 years$7,329$5,722$4,419$3,381$2,566$728
24 years$6,949$5,361$4,087$3,084$2,307$612
25 years$6,600$5,031$3,785$2,816$2,076$514
26 years$6,278$4,728$3,511$2,575$1,870$432
27 years$5,981$4,450$3,260$2,357$1,686$363
28 years$5,706$4,193$3,031$2,160$1,521$306
29 years$5,450$3,956$2,820$1,980$1,373$257
30 years$5,211$3,736$2,627$1,817$1,241$216
31 years$4,988$3,532$2,449$1,669$1,122$182
32 years$4,780$3,342$2,285$1,534$1,015$153
33 years$4,585$3,164$2,134$1,411$918$129
34 years$4,401$2,999$1,993$1,298$832$109
35 years$4,229$2,845$1,864$1,195$753$92
36 years$4,066$2,700$1,743$1,100$682$77
37 years$3,912$2,564$1,632$1,014$619$65
38 years$3,767$2,437$1,528$935$561$55
39 years$3,630$2,317$1,432$862$509$46
40 years$3,500$2,205$1,342$795$461$39
41 years$3,376$2,099$1,258$733$418$33
42 years$3,259$1,999$1,180$677$380$28
43 years$3,148$1,905$1,108$625$345$23
44 years$3,042$1,815$1,040$577$313$20
45 years$2,941$1,731$976$533$284$16
46 years$2,844$1,651$917$492$258$14
47 years$2,752$1,576$861$455$234$12
48 years$2,664$1,504$809$420$213$10
49 years$2,580$1,437$761$388$193$8
50 years$2,499$1,372$715$359$175$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,560,000, adding $6,704 every year, while hoping to spend $34,356 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: 41/44/15 Blend
54$2,560,000$2,560,000$2,560,000$2,560,000
55$2,828,035$2,692,355$2,652,675$2,931,204
56$3,079,940$2,787,726$2,704,985$3,100,122
57$3,356,388$2,886,619$2,757,896$3,278,953
58$3,659,846$2,989,169$2,811,392$3,471,769
59$3,993,031$3,095,520$2,865,455$3,679,861
60$4,358,938$3,205,818$2,920,065$3,904,646
61$4,760,864$3,320,216$2,975,201$4,147,683
62$5,202,441$3,438,876$3,030,839$4,410,682
63$5,687,672$3,561,963$3,086,955$4,695,526
64$6,220,966$3,689,651$3,143,519$5,004,281
65$6,807,181$3,822,120$3,200,503$5,339,222
66$7,451,667$3,959,557$3,257,874$5,702,847
67$8,160,320$4,102,159$3,315,596$6,097,906
68$8,939,637$4,250,129$3,373,632$6,527,421
69$9,796,773$4,403,678$3,431,942$6,994,719
70$10,739,614$4,563,029$3,490,482$7,503,456
71$11,776,847$4,728,410$3,549,206$8,057,657
72$12,918,044$4,900,060$3,608,063$8,661,750
73$14,173,752$5,078,231$3,667,001$9,320,606
74$15,555,591$5,263,181$3,725,962$10,039,588
75$17,076,366$5,455,181$3,784,886$10,824,597
76$18,750,184$5,654,514$3,843,708$11,682,126
77$20,592,590$5,861,473$3,902,360$12,619,325
78$22,620,714$6,076,364$3,960,768$13,644,063
79$24,853,427$6,299,507$4,018,855$14,765,002
80$27,311,528$6,531,233$4,076,538$15,991,680
81$30,017,931$6,771,891$4,133,729$17,334,597
82$32,997,887$7,021,841$4,190,336$18,805,313
83$36,279,219$7,281,459$4,246,260$20,416,560
84$39,892,588$7,551,138$4,301,397$22,182,355
85$43,871,775$7,831,287$4,355,638$24,118,134
86$48,254,009$8,122,334$4,408,865$26,240,895
87$53,080,312$8,424,722$4,460,955$28,569,361
88$58,395,886$8,738,915$4,511,779$31,124,147
89$64,250,541$9,065,397$4,561,199$33,927,963
90$70,699,168$9,404,673$4,609,071$37,005,818
91$77,802,249$9,757,268$4,655,240$40,385,259
92$85,626,435$10,123,730$4,699,547$44,096,629
93$94,245,171$10,504,633$4,741,822$48,173,350
94$103,739,390$10,900,572$4,781,885$52,652,237
95$114,198,278$11,312,170$4,819,549$57,573,844
96$125,720,114$11,740,077$4,854,614$62,982,844
97$138,413,195$12,184,970$4,886,873$68,928,450
98$152,396,863$12,647,557$4,916,106$75,464,875
99$167,802,630$13,128,574$4,942,083$82,651,844
100$184,775,415$13,628,791$4,964,560$90,555,151