Can I retire at age 55 with 2,630,000?

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 $2,630,000?

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$217,183$215,248$213,361$211,519$209,720$203,660
2 years$107,516$105,514$103,573$101,692$99,867$93,809
3 years$70,966$68,955$67,019$65,155$63,359$57,495
4 years$52,694$50,689$48,773$46,940$45,189$39,561
5 years$41,734$39,741$37,849$36,055$34,352$28,977
6 years$34,429$32,451$30,588$28,833$27,181$22,065
7 years$29,214$27,253$25,419$23,705$22,106$17,247
8 years$25,304$23,360$21,557$19,886$18,339$13,735
9 years$22,265$20,339$18,567$16,938$15,444$11,091
10 years$19,835$17,928$16,187$14,601$13,159$9,050
11 years$17,848$15,960$14,251$12,707$11,317$7,446
12 years$16,193$14,325$12,647$11,146$9,807$6,166
13 years$14,794$12,946$11,300$9,840$8,552$5,133
14 years$13,596$11,767$10,153$8,735$7,497$4,291
15 years$12,559$10,750$9,167$7,790$6,601$3,600
16 years$11,652$9,863$8,311$6,975$5,834$3,028
17 years$10,853$9,083$7,563$6,267$5,173$2,554
18 years$10,143$8,393$6,904$5,648$4,599$2,158
19 years$9,509$7,779$6,320$5,103$4,099$1,826
20 years$8,939$7,228$5,800$4,622$3,662$1,548
21 years$8,423$6,733$5,335$4,195$3,277$1,313
22 years$7,956$6,285$4,917$3,814$2,937$1,115
23 years$7,529$5,878$4,540$3,474$2,637$948
24 years$7,139$5,508$4,199$3,168$2,370$806
25 years$6,781$5,169$3,889$2,893$2,132$686
26 years$6,450$4,858$3,607$2,645$1,921$584
27 years$6,145$4,572$3,349$2,421$1,732$498
28 years$5,862$4,308$3,113$2,219$1,563$424
29 years$5,599$4,064$2,897$2,035$1,411$362
30 years$5,354$3,838$2,699$1,867$1,275$308
31 years$5,125$3,628$2,516$1,715$1,153$263
32 years$4,911$3,433$2,347$1,576$1,043$224
33 years$4,710$3,251$2,192$1,449$944$191
34 years$4,521$3,081$2,048$1,333$854$163
35 years$4,344$2,922$1,915$1,227$774$139
36 years$4,177$2,774$1,791$1,130$701$119
37 years$4,019$2,635$1,676$1,042$635$102
38 years$3,870$2,504$1,570$960$576$87
39 years$3,729$2,381$1,471$885$522$74
40 years$3,596$2,265$1,379$816$474$63
41 years$3,469$2,156$1,293$753$430$54
42 years$3,348$2,054$1,213$695$390$46
43 years$3,234$1,957$1,138$642$354$39
44 years$3,125$1,865$1,068$593$321$34
45 years$3,021$1,778$1,003$547$292$29
46 years$2,922$1,697$942$506$265$24
47 years$2,827$1,619$885$467$241$21
48 years$2,737$1,546$832$432$218$18
49 years$2,650$1,476$782$399$198$15
50 years$2,568$1,410$735$369$180$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,630,000, adding $4,520 every year, while hoping to spend $49,957 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: 72/17/11 Blend
54$2,630,000$2,630,000$2,630,000$2,630,000
55$2,902,922$2,763,532$2,722,767$3,105,255
56$3,145,867$2,845,792$2,760,826$3,321,953
57$3,411,917$2,930,407$2,798,486$3,552,562
58$3,703,377$3,017,442$2,835,680$3,803,715
59$4,022,785$3,106,960$2,872,338$4,077,429
60$4,372,934$3,199,026$2,908,387$4,375,926
61$4,756,904$3,293,709$2,943,748$4,701,649
62$5,178,083$3,391,075$2,978,339$5,057,292
63$5,640,205$3,491,196$3,012,071$5,445,820
64$6,147,384$3,594,143$3,044,853$5,870,499
65$6,704,149$3,699,988$3,076,588$6,334,926
66$7,315,491$3,808,805$3,107,172$6,843,060
67$7,986,906$3,920,672$3,136,498$7,399,266
68$8,724,451$4,035,665$3,164,451$8,008,350
69$9,534,796$4,153,864$3,190,911$8,675,604
70$10,425,290$4,275,349$3,215,751$9,406,860
71$11,404,031$4,400,201$3,238,839$10,208,542
72$12,479,936$4,528,505$3,260,035$11,087,727
73$13,662,834$4,660,346$3,279,190$12,052,209
74$14,963,550$4,795,811$3,296,151$13,110,577
75$16,394,014$4,934,987$3,310,753$14,272,293
76$17,967,366$5,077,964$3,322,826$15,547,782
77$19,698,087$5,224,834$3,332,190$16,948,527
78$21,602,130$5,375,689$3,338,657$18,487,182
79$23,697,073$5,530,623$3,342,028$20,177,690
80$26,002,283$5,689,733$3,342,094$22,035,409
81$28,539,100$5,853,114$3,338,639$24,077,265
82$31,331,037$6,020,865$3,331,431$26,321,906
83$34,404,001$6,193,085$3,320,233$28,789,878
84$37,786,539$6,369,877$3,304,791$31,503,821
85$41,510,106$6,551,341$3,284,841$34,488,682
86$45,609,361$6,737,581$3,260,108$37,771,947
87$50,122,495$6,928,701$3,230,300$41,383,904
88$55,091,589$7,124,807$3,195,115$45,357,928
89$60,563,013$7,326,005$3,154,234$49,730,793
90$66,587,864$7,532,402$3,107,324$54,543,023
91$73,222,443$7,744,107$3,054,036$59,839,269
92$80,528,792$7,961,228$2,994,005$65,668,736
93$88,575,274$8,183,873$2,926,850$72,085,644
94$97,437,223$8,412,154$2,852,171$79,149,739
95$107,197,649$8,646,179$2,769,548$86,926,858
96$117,948,027$8,886,060$2,678,546$95,489,549
97$129,789,154$9,131,905$2,578,705$104,917,759
98$142,832,105$9,383,825$2,469,549$115,299,584
99$157,199,277$9,641,930$2,350,576$126,732,101
100$173,025,547$9,906,328$2,221,264$139,322,289