Can I retire at age 55 with 2,600,000?

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 $2,600,000?

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 years$214,706$212,793$210,927$209,106$207,328$201,418
2 years$106,290$104,310$102,392$100,532$98,727$92,819
3 years$70,156$68,168$66,254$64,412$62,637$56,915
4 years$52,093$50,111$48,216$46,405$44,673$39,182
5 years$41,257$39,287$37,418$35,643$33,960$28,715
6 years$34,036$32,081$30,239$28,504$26,871$21,877
7 years$28,880$26,942$25,129$23,435$21,853$17,110
8 years$25,015$23,094$21,311$19,659$18,130$13,634
9 years$22,011$20,107$18,355$16,745$15,268$11,016
10 years$19,608$17,724$16,003$14,434$13,009$8,995
11 years$17,644$15,778$14,088$12,562$11,188$7,405
12 years$16,008$14,162$12,503$11,019$9,695$6,136
13 years$14,625$12,798$11,171$9,728$8,455$5,112
14 years$13,441$11,633$10,037$8,635$7,411$4,276
15 years$12,415$10,627$9,062$7,701$6,525$3,590
16 years$11,519$9,750$8,216$6,896$5,767$3,022
17 years$10,729$8,980$7,476$6,196$5,114$2,550
18 years$10,027$8,298$6,825$5,584$4,547$2,156
19 years$9,400$7,690$6,248$5,045$4,053$1,826
20 years$8,837$7,146$5,734$4,569$3,620$1,549
21 years$8,327$6,656$5,274$4,147$3,239$1,315
22 years$7,865$6,213$4,861$3,771$2,904$1,118
23 years$7,443$5,811$4,488$3,434$2,606$951
24 years$7,058$5,445$4,151$3,132$2,343$810
25 years$6,703$5,110$3,845$2,860$2,108$690
26 years$6,377$4,802$3,566$2,615$1,899$588
27 years$6,075$4,519$3,311$2,394$1,712$501
28 years$5,795$4,259$3,078$2,193$1,545$427
29 years$5,535$4,018$2,864$2,011$1,395$365
30 years$5,292$3,794$2,668$1,846$1,260$311
31 years$5,066$3,587$2,487$1,695$1,140$266
32 years$4,855$3,394$2,321$1,558$1,031$227
33 years$4,656$3,214$2,167$1,433$933$194
34 years$4,470$3,046$2,025$1,318$845$165
35 years$4,295$2,889$1,893$1,213$765$141
36 years$4,129$2,742$1,771$1,118$693$121
37 years$3,974$2,604$1,657$1,030$628$103
38 years$3,826$2,475$1,552$949$570$88
39 years$3,687$2,354$1,454$875$516$75
40 years$3,555$2,239$1,363$807$468$64
41 years$3,429$2,132$1,278$745$425$55
42 years$3,310$2,030$1,199$687$386$47
43 years$3,197$1,934$1,125$634$350$40
44 years$3,089$1,844$1,056$586$318$34
45 years$2,986$1,758$991$541$288$29
46 years$2,889$1,677$931$500$262$25
47 years$2,795$1,601$875$462$238$21
48 years$2,706$1,528$822$427$216$18
49 years$2,620$1,459$773$394$196$16
50 years$2,539$1,394$726$364$178$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,600,000, adding $2,492 every year, while hoping to spend $59,316 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: 80/7/13 Blend
54$2,600,000$2,600,000$2,600,000$2,600,000
55$2,867,770$2,729,970$2,689,670$3,089,829
56$3,097,171$2,800,627$2,716,663$3,306,755
57$3,347,983$2,872,758$2,742,571$3,536,826
58$3,622,327$2,946,373$2,767,297$3,787,598
59$3,922,539$3,021,480$2,790,736$4,061,118
60$4,251,190$3,098,085$2,812,778$4,359,638
61$4,611,113$3,176,193$2,833,308$4,685,642
62$5,005,427$3,255,806$2,852,204$5,041,861
63$5,437,566$3,336,927$2,869,338$5,431,308
64$5,911,314$3,419,552$2,884,577$5,857,299
65$6,430,836$3,503,678$2,897,778$6,323,488
66$7,000,721$3,589,298$2,908,793$6,833,901
67$7,626,023$3,676,402$2,917,467$7,392,971
68$8,312,310$3,764,978$2,923,635$8,005,585
69$9,065,714$3,855,010$2,927,124$8,677,123
70$9,892,990$3,946,479$2,927,756$9,413,517
71$10,801,578$4,039,360$2,925,340$10,221,299
72$11,799,678$4,133,627$2,919,677$11,107,667
73$12,896,318$4,229,248$2,910,559$12,080,554
74$14,101,447$4,326,186$2,897,768$13,148,696
75$15,426,025$4,424,400$2,881,074$14,321,724
76$16,882,127$4,523,842$2,860,236$15,610,245
77$18,483,054$4,624,460$2,835,005$17,025,952
78$20,243,463$4,726,196$2,805,114$18,581,723
79$22,179,500$4,828,984$2,770,290$20,291,754
80$24,308,955$4,932,751$2,730,241$22,171,684
81$26,651,431$5,037,417$2,684,666$24,238,746
82$29,228,522$5,142,896$2,633,248$26,511,933
83$32,064,024$5,249,091$2,575,654$29,012,169
84$35,184,154$5,355,896$2,511,538$31,762,515
85$38,617,800$5,463,197$2,440,537$34,788,380
86$42,396,791$5,570,869$2,362,270$38,117,766
87$46,556,198$5,678,776$2,276,340$41,781,528
88$51,134,665$5,786,770$2,182,333$45,813,669
89$56,174,772$5,894,694$2,079,812$50,251,658
90$61,723,438$6,002,373$1,968,325$55,136,784
91$67,832,361$6,109,622$1,847,397$60,514,549
92$74,558,508$6,216,240$1,716,531$66,435,093
93$81,964,651$6,322,010$1,575,209$72,953,671
94$90,119,957$6,426,700$1,422,890$80,131,171
95$99,100,644$6,530,060$1,259,008$88,034,693
96$108,990,697$6,631,820$1,082,973$96,738,180
97$119,882,662$6,731,693$894,166$106,323,118
98$131,878,517$6,829,369$691,944$116,879,300
99$145,090,635$6,924,519$475,634$128,505,682
100$159,642,846$7,016,786$244,534$141,311,311