Can I retire at age 55 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$213,880$211,975$210,116$208,302$206,530$200,562
2 years$105,881$103,909$101,998$100,145$98,348$92,382
3 years$69,886$67,906$65,999$64,164$62,396$56,620
4 years$51,892$49,918$48,031$46,226$44,501$38,960
5 years$41,099$39,136$37,274$35,506$33,829$28,537
6 years$33,905$31,958$30,123$28,395$26,768$21,729
7 years$28,769$26,838$25,032$23,345$21,769$16,985
8 years$24,919$23,005$21,229$19,583$18,060$13,526
9 years$21,926$20,030$18,285$16,681$15,209$10,922
10 years$19,533$17,656$15,941$14,379$12,959$8,913
11 years$17,576$15,718$14,034$12,514$11,145$7,333
12 years$15,947$14,107$12,455$10,976$9,658$6,072
13 years$14,569$12,749$11,128$9,691$8,422$5,055
14 years$13,389$11,588$9,998$8,602$7,383$4,226
15 years$12,368$10,586$9,027$7,672$6,500$3,545
16 years$11,475$9,713$8,184$6,869$5,745$2,982
17 years$10,688$8,945$7,448$6,172$5,094$2,515
18 years$9,989$8,266$6,799$5,562$4,529$2,125
19 years$9,364$7,660$6,224$5,026$4,037$1,798
20 years$8,803$7,118$5,712$4,552$3,606$1,524
21 years$8,295$6,631$5,254$4,131$3,227$1,293
22 years$7,835$6,189$4,842$3,756$2,892$1,098
23 years$7,415$5,789$4,471$3,421$2,596$933
24 years$7,030$5,424$4,135$3,120$2,334$794
25 years$6,677$5,090$3,830$2,849$2,100$676
26 years$6,352$4,784$3,552$2,605$1,892$575
27 years$6,051$4,502$3,298$2,385$1,705$490
28 years$5,773$4,242$3,066$2,185$1,539$418
29 years$5,513$4,002$2,853$2,004$1,390$356
30 years$5,272$3,780$2,658$1,839$1,256$304
31 years$5,047$3,573$2,478$1,689$1,135$259
32 years$4,836$3,381$2,312$1,552$1,027$221
33 years$4,638$3,202$2,159$1,427$929$188
34 years$4,453$3,034$2,017$1,313$841$161
35 years$4,278$2,878$1,886$1,209$762$137
36 years$4,114$2,732$1,764$1,113$690$117
37 years$3,958$2,594$1,651$1,026$626$100
38 years$3,811$2,466$1,546$945$567$85
39 years$3,673$2,345$1,448$872$514$73
40 years$3,541$2,231$1,358$804$467$62
41 years$3,416$2,123$1,273$742$423$53
42 years$3,297$2,022$1,194$685$384$45
43 years$3,185$1,927$1,121$632$349$39
44 years$3,077$1,837$1,052$584$316$33
45 years$2,975$1,751$988$539$287$28
46 years$2,877$1,671$928$498$261$24
47 years$2,784$1,594$871$460$237$21
48 years$2,695$1,522$819$425$215$18
49 years$2,610$1,454$770$393$195$15
50 years$2,529$1,388$724$363$177$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,590,000, adding $4,316 every year, while hoping to spend $26,390 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: 48/30/22 Blend
54$2,590,000$2,590,000$2,590,000$2,590,000
55$2,858,632$2,721,362$2,681,217$2,977,827
56$3,122,134$2,826,630$2,742,959$3,166,685
57$3,411,628$2,936,172$2,805,885$3,368,659
58$3,729,739$3,050,168$2,870,006$3,587,446
59$4,079,355$3,168,810$2,935,335$3,824,636
60$4,463,662$3,292,294$3,001,881$4,081,979
61$4,886,167$3,420,828$3,069,656$4,361,398
62$5,350,734$3,554,627$3,138,668$4,665,007
63$5,861,622$3,693,917$3,208,926$4,995,131
64$6,423,522$3,838,933$3,280,439$5,354,328
65$7,041,602$3,989,921$3,353,215$5,745,411
66$7,721,557$4,147,139$3,427,259$6,171,475
67$8,469,661$4,310,854$3,502,577$6,635,924
68$9,292,827$4,481,347$3,579,174$7,142,504
69$10,198,673$4,658,911$3,657,055$7,695,339
70$11,195,592$4,843,852$3,736,220$8,298,964
71$12,292,832$5,036,489$3,816,672$8,958,372
72$13,500,581$5,237,157$3,898,411$9,679,058
73$14,830,068$5,446,206$3,981,436$10,467,072
74$16,293,664$5,663,999$4,065,743$11,329,070
75$17,905,001$5,890,918$4,151,329$12,272,384
76$19,679,100$6,127,362$4,238,187$13,305,083
77$21,632,512$6,373,747$4,326,311$14,436,050
78$23,783,476$6,630,509$4,415,690$15,675,070
79$26,152,089$6,898,102$4,506,313$17,032,912
80$28,760,495$7,177,001$4,598,168$18,521,437
81$31,633,096$7,467,706$4,691,238$20,153,707
82$34,796,783$7,770,734$4,785,505$21,944,103
83$38,281,184$8,086,629$4,880,949$23,908,466
84$42,118,951$8,415,960$4,977,546$26,064,240
85$46,346,062$8,759,320$5,075,272$28,430,638
86$51,002,165$9,117,331$5,174,098$31,028,821
87$56,130,947$9,490,642$5,273,992$33,882,095
88$61,780,551$9,879,931$5,374,919$37,016,131
89$68,004,030$10,285,910$5,476,841$40,459,207
90$74,859,841$10,709,320$5,579,715$44,242,470
91$82,412,407$11,150,939$5,683,498$48,400,229
92$90,732,715$11,611,578$5,788,138$52,970,281
93$99,898,994$12,092,086$5,893,582$57,994,258
94$109,997,446$12,593,354$5,999,772$63,518,027
95$121,123,067$13,116,309$6,106,645$69,592,113
96$133,380,535$13,661,924$6,214,134$76,272,179
97$146,885,208$14,231,216$6,322,165$83,619,547
98$161,764,203$14,825,250$6,430,661$91,701,775
99$178,157,601$15,445,136$6,539,538$100,593,292
100$196,219,770$16,092,041$6,648,706$110,376,098