Can I retire at age 55 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$221,312$219,341$217,417$215,540$213,707$212,005
2 years$109,560$107,520$105,542$103,625$101,765$100,050
3 years$72,315$70,265$68,293$66,394$64,564$62,888
4 years$53,696$51,653$49,700$47,833$46,048$44,424
5 years$42,527$40,496$38,569$36,740$35,005$33,438
6 years$35,084$33,068$31,170$29,381$27,698$26,191
7 years$29,769$27,771$25,902$24,156$22,526$21,078
8 years$25,785$23,805$21,967$20,264$18,687$17,300
9 years$22,688$20,726$18,920$17,260$15,737$14,409
10 years$20,212$18,269$16,495$14,879$13,409$12,139
11 years$18,187$16,264$14,522$12,949$11,532$10,320
12 years$16,501$14,598$12,888$11,358$9,994$8,838
13 years$15,075$13,192$11,514$10,027$8,715$7,615
14 years$13,855$11,991$10,346$8,901$7,639$6,593
15 years$12,797$10,954$9,341$7,938$6,726$5,733
16 years$11,873$10,050$8,469$7,108$5,945$5,002
17 years$11,059$9,256$7,706$6,386$5,271$4,378
18 years$10,336$8,553$7,035$5,755$4,687$3,842
19 years$9,689$7,927$6,440$5,200$4,177$3,378
20 years$9,108$7,366$5,910$4,710$3,731$2,977
21 years$8,584$6,861$5,436$4,275$3,339$2,627
22 years$8,107$6,404$5,011$3,887$2,993$2,322
23 years$7,672$5,990$4,626$3,540$2,687$2,055
24 years$7,275$5,612$4,279$3,228$2,415$1,821
25 years$6,909$5,267$3,963$2,948$2,173$1,615
26 years$6,573$4,950$3,675$2,696$1,957$1,433
27 years$6,262$4,658$3,413$2,468$1,765$1,273
28 years$5,973$4,390$3,173$2,261$1,592$1,132
29 years$5,705$4,141$2,952$2,073$1,438$1,006
30 years$5,455$3,911$2,750$1,903$1,299$896
31 years$5,222$3,697$2,564$1,747$1,175$797
32 years$5,004$3,498$2,392$1,606$1,062$710
33 years$4,799$3,313$2,234$1,477$962$633
34 years$4,607$3,140$2,087$1,359$871$564
35 years$4,427$2,978$1,951$1,251$789$503
36 years$4,256$2,827$1,825$1,152$714$448
37 years$4,096$2,685$1,708$1,061$648$400
38 years$3,944$2,551$1,600$978$587$357
39 years$3,800$2,426$1,499$902$532$318
40 years$3,664$2,308$1,405$832$483$284
41 years$3,535$2,197$1,317$768$438$254
42 years$3,412$2,093$1,236$708$397$226
43 years$3,295$1,994$1,160$654$361$202
44 years$3,184$1,900$1,088$604$327$180
45 years$3,078$1,812$1,022$558$297$161
46 years$2,977$1,729$960$515$270$144
47 years$2,881$1,650$902$476$245$129
48 years$2,789$1,575$847$440$223$115
49 years$2,701$1,504$797$406$202$103
50 years$2,617$1,437$749$376$184$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,680,000, adding $4,086 every year, while hoping to spend $51,959 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: 28/46/26 Blend
54$2,680,000$2,680,000$2,680,000$2,680,000
55$2,957,575$2,815,535$2,773,995$3,016,345
56$3,203,963$2,898,212$2,811,640$3,145,940
57$3,473,742$2,983,199$2,848,804$3,280,284
58$3,769,242$3,070,554$2,885,417$3,423,561
59$4,093,030$3,160,336$2,921,404$3,576,574
60$4,447,934$3,252,607$2,956,685$3,740,202
61$4,837,065$3,347,428$2,991,177$3,915,413
62$5,263,855$3,444,861$3,024,791$4,103,272
63$5,732,080$3,544,970$3,057,433$4,304,952
64$6,245,900$3,647,822$3,089,004$4,521,739
65$6,809,898$3,753,481$3,119,402$4,755,052
66$7,429,121$3,862,015$3,148,516$5,006,453
67$8,109,131$3,973,493$3,176,230$5,277,659
68$8,856,052$4,087,984$3,202,424$5,570,560
69$9,676,632$4,205,559$3,226,968$5,887,239
70$10,578,306$4,326,288$3,249,728$6,229,988
71$11,569,261$4,450,244$3,270,563$6,601,330
72$12,658,522$4,577,502$3,289,322$7,004,046
73$13,856,026$4,708,135$3,305,850$7,441,196
74$15,172,725$4,842,218$3,319,981$7,916,151
75$16,620,685$4,979,828$3,331,541$8,432,624
76$18,213,197$5,121,042$3,340,350$8,994,706
77$19,964,907$5,265,937$3,346,216$9,606,901
78$21,891,952$5,414,592$3,348,938$10,274,173
79$24,012,109$5,567,086$3,348,306$11,001,989
80$26,344,969$5,723,498$3,344,099$11,796,373
81$28,912,115$5,883,908$3,336,085$12,663,962
82$31,737,328$6,048,397$3,324,022$13,612,067
83$34,846,813$6,217,046$3,307,654$14,648,744
84$38,269,441$6,389,935$3,286,714$15,782,871
85$42,037,028$6,567,145$3,260,923$17,024,226
86$46,184,628$6,748,759$3,229,987$18,383,589
87$50,750,868$6,934,856$3,193,599$19,872,833
88$55,778,310$7,125,516$3,151,437$21,505,045
89$61,313,852$7,320,821$3,103,165$23,294,644
90$67,409,173$7,520,850$3,048,430$25,257,521
91$74,121,219$7,725,682$2,986,863$27,411,184
92$81,512,737$7,935,394$2,918,076$29,774,930
93$89,652,871$8,150,063$2,841,667$32,370,023
94$98,617,813$8,369,765$2,757,211$35,219,894
95$108,491,520$8,594,574$2,664,268$38,350,368
96$119,366,507$8,824,560$2,562,373$41,789,901
97$131,344,722$9,059,795$2,451,044$45,569,854
98$144,538,505$9,300,346$2,329,775$49,724,788
99$159,071,646$9,546,277$2,198,036$54,292,789
100$175,080,560$9,797,650$2,055,276$59,315,832