Can I retire at age 55 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$220,486$218,522$216,606$214,736$212,910$209,728
2 years$109,152$107,119$105,149$103,238$101,385$98,187
3 years$72,045$70,003$68,038$66,146$64,323$61,208
4 years$53,495$51,460$49,514$47,654$45,876$42,867
5 years$42,368$40,345$38,425$36,603$34,874$31,981
6 years$34,953$32,945$31,053$29,272$27,595$24,821
7 years$29,658$27,667$25,805$24,066$22,442$19,788
8 years$25,689$23,716$21,885$20,188$18,618$16,083
9 years$22,603$20,649$18,850$17,196$15,679$13,262
10 years$20,136$18,201$16,433$14,823$13,359$11,059
11 years$18,119$16,203$14,468$12,901$11,489$9,303
12 years$16,439$14,543$12,840$11,316$9,956$7,882
13 years$15,019$13,143$11,471$9,990$8,682$6,716
14 years$13,803$11,946$10,307$8,868$7,611$5,750
15 years$12,750$10,913$9,306$7,909$6,701$4,942
16 years$11,829$10,013$8,437$7,081$5,922$4,262
17 years$11,018$9,221$7,678$6,362$5,251$3,686
18 years$10,297$8,521$7,009$5,734$4,669$3,195
19 years$9,653$7,897$6,416$5,181$4,162$2,775
20 years$9,074$7,338$5,888$4,692$3,717$2,415
21 years$8,552$6,835$5,416$4,259$3,327$2,105
22 years$8,077$6,381$4,992$3,872$2,982$1,836
23 years$7,644$5,968$4,609$3,526$2,677$1,604
24 years$7,248$5,591$4,263$3,216$2,406$1,403
25 years$6,884$5,247$3,948$2,937$2,165$1,228
26 years$6,548$4,931$3,662$2,686$1,950$1,075
27 years$6,238$4,641$3,400$2,458$1,758$942
28 years$5,951$4,373$3,161$2,252$1,586$826
29 years$5,684$4,126$2,941$2,065$1,432$725
30 years$5,435$3,896$2,740$1,896$1,294$636
31 years$5,203$3,683$2,554$1,741$1,170$558
32 years$4,985$3,485$2,383$1,600$1,059$490
33 years$4,782$3,300$2,225$1,471$958$431
34 years$4,590$3,128$2,079$1,354$867$378
35 years$4,410$2,967$1,944$1,246$786$333
36 years$4,241$2,816$1,818$1,148$712$292
37 years$4,080$2,675$1,702$1,057$645$257
38 years$3,929$2,542$1,594$975$585$226
39 years$3,786$2,417$1,493$899$530$199
40 years$3,650$2,300$1,400$829$481$175
41 years$3,522$2,189$1,312$765$436$154
42 years$3,399$2,085$1,231$706$396$135
43 years$3,283$1,986$1,155$652$359$119
44 years$3,172$1,893$1,084$602$326$105
45 years$3,067$1,806$1,018$556$296$92
46 years$2,966$1,722$956$513$269$81
47 years$2,870$1,644$898$474$244$71
48 years$2,779$1,569$844$438$222$63
49 years$2,691$1,498$794$405$201$55
50 years$2,607$1,431$746$374$183$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,670,000, adding $4,138 every year, while hoping to spend $35,681 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: 77/9/14 Blend
54$2,670,000$2,670,000$2,670,000$2,670,000
55$2,946,608$2,805,098$2,763,713$3,164,652
56$3,209,198$2,904,584$2,818,333$3,408,467
57$3,497,376$3,007,748$2,873,587$3,670,836
58$3,813,715$3,114,734$2,929,459$3,957,555
59$4,161,048$3,225,690$2,985,930$4,271,038
60$4,542,496$3,340,770$3,042,980$4,613,947
61$4,961,498$3,460,136$3,100,587$4,989,210
62$5,421,842$3,583,953$3,158,728$5,400,055
63$5,927,700$3,712,398$3,217,376$5,850,034
64$6,483,670$3,845,650$3,276,503$6,343,063
65$7,094,817$3,983,899$3,336,078$6,883,451
66$7,766,720$4,127,341$3,396,067$7,475,949
67$8,505,525$4,276,181$3,456,436$8,125,785
68$9,318,008$4,430,633$3,517,145$8,838,721
69$10,211,628$4,590,917$3,578,153$9,621,105
70$11,194,607$4,757,266$3,639,415$10,479,929
71$12,276,005$4,929,919$3,700,883$11,422,894
72$13,465,801$5,109,129$3,762,506$12,458,485
73$14,774,991$5,295,155$3,824,229$13,596,051
74$16,215,693$5,488,270$3,885,993$14,845,891
75$17,801,257$5,688,759$3,947,737$16,219,350
76$19,546,393$5,896,915$4,009,393$17,728,930
77$21,467,308$6,113,048$4,070,892$19,388,401
78$23,581,863$6,337,477$4,132,156$21,212,940
79$25,909,737$6,570,537$4,193,108$23,219,264
80$28,472,614$6,812,577$4,253,660$25,425,793
81$31,294,387$7,063,959$4,313,724$27,852,824
82$34,401,383$7,325,062$4,373,203$30,522,720
83$37,822,615$7,596,281$4,431,996$33,460,119
84$41,590,050$7,878,027$4,489,996$36,692,172
85$45,738,913$8,170,729$4,547,089$40,248,793
86$50,308,021$8,474,833$4,603,155$44,162,944
87$55,340,146$8,790,806$4,658,067$48,470,945
88$60,882,419$9,119,134$4,711,691$53,212,816
89$66,986,778$9,460,324$4,763,885$58,432,655
90$73,710,454$9,814,904$4,814,499$64,179,054
91$81,116,512$10,183,426$4,863,376$70,505,556
92$89,274,447$10,566,465$4,910,350$77,471,159
93$98,260,839$10,964,620$4,955,245$85,140,878
94$108,160,075$11,378,517$4,997,877$93,586,351
95$119,065,148$11,808,809$5,038,051$102,886,518
96$131,078,529$12,256,177$5,075,562$113,128,368
97$144,313,140$12,721,331$5,110,194$124,407,753
98$158,893,417$13,205,013$5,141,722$136,830,301
99$174,956,483$13,707,996$5,169,907$150,512,405
100$192,653,443$14,231,086$5,194,498$165,582,324