Can I retire at age 55 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$218,835$216,885$214,983$213,127$211,315$205,789
2 years$108,334$106,316$104,361$102,465$100,626$95,097
3 years$71,505$69,479$67,528$65,650$63,841$58,481
4 years$53,094$51,074$49,143$47,297$45,532$40,382
5 years$42,051$40,043$38,137$36,329$34,613$29,688
6 years$34,691$32,698$30,821$29,053$27,388$22,693
7 years$29,436$27,460$25,612$23,886$22,274$17,808
8 years$25,496$23,538$21,721$20,037$18,478$14,241
9 years$22,434$20,494$18,708$17,067$15,561$11,548
10 years$19,985$18,065$16,310$14,712$13,259$9,464
11 years$17,983$16,082$14,359$12,804$11,403$7,822
12 years$16,316$14,434$12,744$11,231$9,882$6,507
13 years$14,907$13,044$11,386$9,915$8,617$5,443
14 years$13,699$11,857$10,230$8,801$7,554$4,572
15 years$12,654$10,831$9,236$7,849$6,651$3,854
16 years$11,740$9,938$8,374$7,028$5,878$3,259
17 years$10,935$9,152$7,620$6,315$5,212$2,762
18 years$10,220$8,457$6,956$5,691$4,634$2,346
19 years$9,581$7,838$6,368$5,142$4,131$1,996
20 years$9,007$7,283$5,844$4,657$3,689$1,700
21 years$8,487$6,784$5,376$4,227$3,302$1,451
22 years$8,016$6,333$4,954$3,843$2,959$1,239
23 years$7,587$5,923$4,575$3,500$2,657$1,059
24 years$7,193$5,549$4,231$3,192$2,388$906
25 years$6,832$5,208$3,918$2,915$2,149$775
26 years$6,499$4,895$3,634$2,666$1,935$664
27 years$6,192$4,606$3,375$2,440$1,745$569
28 years$5,906$4,341$3,137$2,235$1,575$487
29 years$5,641$4,095$2,919$2,050$1,422$418
30 years$5,394$3,867$2,719$1,881$1,285$358
31 years$5,164$3,656$2,535$1,728$1,161$307
32 years$4,948$3,459$2,365$1,588$1,051$264
33 years$4,746$3,276$2,209$1,460$951$226
34 years$4,556$3,105$2,064$1,344$861$194
35 years$4,377$2,945$1,929$1,237$780$167
36 years$4,209$2,795$1,805$1,139$706$143
37 years$4,050$2,655$1,689$1,050$640$123
38 years$3,900$2,523$1,582$967$580$106
39 years$3,758$2,399$1,482$892$526$91
40 years$3,623$2,282$1,389$823$477$78
41 years$3,495$2,173$1,303$759$433$67
42 years$3,374$2,069$1,222$701$393$57
43 years$3,258$1,971$1,147$647$357$49
44 years$3,149$1,879$1,076$597$324$42
45 years$3,044$1,792$1,011$551$294$36
46 years$2,944$1,710$949$509$267$31
47 years$2,849$1,631$892$471$242$27
48 years$2,758$1,557$838$435$220$23
49 years$2,671$1,487$788$402$200$20
50 years$2,587$1,421$740$371$182$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,650,000, adding $6,770 every year, while hoping to spend $22,499 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: 73/16/11 Blend
54$2,650,000$2,650,000$2,650,000$2,650,000
55$2,927,283$2,786,833$2,745,758$3,134,175
56$3,201,927$2,899,449$2,813,802$3,384,412
57$3,503,831$3,016,830$2,883,372$3,654,956
58$3,835,751$3,139,183$2,954,494$3,950,661
59$4,200,725$3,266,731$3,027,197$4,274,009
60$4,602,098$3,399,700$3,101,507$4,627,735
61$5,043,558$3,538,331$3,177,454$5,014,847
62$5,529,166$3,682,874$3,255,063$5,438,658
63$6,063,398$3,833,592$3,334,365$5,902,816
64$6,651,185$3,990,758$3,415,386$6,411,337
65$7,297,959$4,154,659$3,498,155$6,968,643
66$8,009,707$4,325,594$3,582,700$7,579,603
67$8,793,026$4,503,876$3,669,049$8,249,579
68$9,655,183$4,689,834$3,757,230$8,984,477
69$10,604,185$4,883,809$3,847,271$9,790,799
70$11,648,857$5,086,161$3,939,200$10,675,706
71$12,798,921$5,297,264$4,033,044$11,647,087
72$14,065,092$5,517,511$4,128,831$12,713,630
73$15,459,173$5,747,310$4,226,589$13,884,902
74$16,994,173$5,987,093$4,326,344$15,171,444
75$18,684,425$6,237,307$4,428,123$16,584,864
76$20,545,723$6,498,422$4,531,952$18,137,950
77$22,595,472$6,770,929$4,637,857$19,844,789
78$24,852,849$7,055,344$4,745,864$21,720,897
79$27,338,986$7,352,202$4,855,997$23,783,369
80$30,077,170$7,662,068$4,968,281$26,051,034
81$33,093,062$7,985,530$5,082,739$28,544,637
82$36,414,938$8,323,204$5,199,394$31,287,030
83$40,073,955$8,675,735$5,318,267$34,303,392
84$44,104,451$9,043,798$5,439,381$37,621,459
85$48,544,260$9,428,099$5,562,756$41,271,789
86$53,435,076$9,829,377$5,688,409$45,288,050
87$58,822,843$10,248,406$5,816,361$49,707,333
88$64,758,190$10,685,995$5,946,626$54,570,506
89$71,296,908$11,142,992$6,079,221$59,922,595
90$78,500,477$11,620,283$6,214,159$65,813,207
91$86,436,646$12,118,796$6,351,453$72,297,002
92$95,180,071$12,639,504$6,491,114$79,434,203
93$104,813,022$13,183,424$6,633,150$87,291,164
94$115,426,159$13,751,620$6,777,569$95,940,996
95$127,119,385$14,345,208$6,924,376$105,464,257
96$140,002,792$14,965,353$7,073,573$115,949,707
97$154,197,700$15,613,279$7,225,160$127,495,148
98$169,837,800$16,290,263$7,379,137$140,208,344
99$187,070,415$16,997,646$7,535,498$154,208,035
100$206,057,895$17,736,828$7,694,235$169,625,060