Can I retire at age 55 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$222,138$220,159$218,229$216,344$214,504$212,618
2 years$109,969$107,921$105,936$104,012$102,145$100,244
3 years$72,585$70,528$68,548$66,641$64,805$62,949
4 years$53,896$51,845$49,885$48,011$46,219$44,422
5 years$42,686$40,647$38,713$36,877$35,135$33,402
6 years$35,215$33,192$31,286$29,491$27,801$26,134
7 years$29,880$27,874$25,999$24,246$22,610$21,009
8 years$25,881$23,893$22,049$20,340$18,757$17,224
9 years$22,773$20,803$18,991$17,325$15,796$14,329
10 years$20,287$18,337$16,557$14,934$13,459$12,057
11 years$18,255$16,325$14,576$12,997$11,575$10,238
12 years$16,562$14,652$12,936$11,400$10,031$8,757
13 years$15,132$13,241$11,557$10,065$8,747$7,535
14 years$13,906$12,036$10,384$8,934$7,668$6,515
15 years$12,845$10,995$9,376$7,968$6,751$5,658
16 years$11,918$10,088$8,500$7,134$5,967$4,930
17 years$11,100$9,290$7,735$6,410$5,291$4,309
18 years$10,374$8,585$7,061$5,777$4,704$3,775
19 years$9,726$7,956$6,464$5,220$4,193$3,315
20 years$9,142$7,393$5,932$4,728$3,745$2,917
21 years$8,616$6,887$5,457$4,291$3,352$2,571
22 years$8,137$6,428$5,029$3,901$3,004$2,269
23 years$7,701$6,012$4,644$3,553$2,697$2,005
24 years$7,302$5,633$4,295$3,240$2,424$1,773
25 years$6,935$5,286$3,978$2,959$2,181$1,570
26 years$6,597$4,968$3,689$2,706$1,965$1,392
27 years$6,285$4,676$3,426$2,477$1,771$1,234
28 years$5,995$4,406$3,185$2,269$1,598$1,095
29 years$5,726$4,157$2,963$2,081$1,443$973
30 years$5,476$3,925$2,760$1,910$1,304$864
31 years$5,242$3,711$2,573$1,754$1,179$768
32 years$5,023$3,511$2,401$1,612$1,066$683
33 years$4,817$3,325$2,242$1,482$965$607
34 years$4,625$3,152$2,095$1,364$874$541
35 years$4,443$2,989$1,958$1,256$791$481
36 years$4,272$2,837$1,832$1,156$717$428
37 years$4,111$2,695$1,715$1,065$650$381
38 years$3,959$2,561$1,606$982$589$340
39 years$3,814$2,435$1,504$905$534$303
40 years$3,678$2,317$1,410$835$485$270
41 years$3,548$2,205$1,322$771$440$240
42 years$3,425$2,100$1,240$711$399$214
43 years$3,308$2,001$1,164$656$362$191
44 years$3,196$1,908$1,092$606$329$170
45 years$3,090$1,819$1,026$560$298$152
46 years$2,989$1,735$963$517$271$135
47 years$2,892$1,656$905$478$246$120
48 years$2,799$1,581$851$441$223$107
49 years$2,711$1,510$799$408$203$96
50 years$2,626$1,442$752$377$184$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,690,000, adding $5,226 every year, while hoping to spend $52,351 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: 86/9/5 Blend
54$2,690,000$2,690,000$2,690,000$2,690,000
55$2,969,771$2,827,201$2,785,506$3,224,862
56$3,216,986$2,910,032$2,823,119$3,474,648
57$3,487,663$2,995,168$2,860,238$3,741,294
58$3,784,139$3,082,666$2,896,790$4,032,590
59$4,108,989$3,172,584$2,932,700$4,350,977
60$4,465,048$3,264,983$2,967,888$4,699,143
61$4,855,438$3,359,923$3,002,268$5,080,050
62$5,283,600$3,457,466$3,035,750$5,496,959
63$5,753,320$3,557,675$3,068,241$5,953,460
64$6,268,772$3,660,614$3,099,641$6,453,510
65$6,834,552$3,766,349$3,129,843$7,001,465
66$7,455,721$3,874,945$3,158,738$7,602,122
67$8,137,857$3,986,470$3,186,209$8,260,770
68$8,887,103$4,100,992$3,212,131$8,983,228
69$9,710,227$4,218,579$3,236,376$9,775,912
70$10,614,683$4,339,303$3,258,808$10,645,886
71$11,608,685$4,463,233$3,279,283$11,600,934
72$12,701,282$4,590,442$3,297,649$12,649,630
73$13,902,441$4,721,002$3,313,749$13,801,421
74$15,223,146$4,854,987$3,327,415$15,066,714
75$16,675,496$4,992,471$3,338,473$16,456,975
76$18,272,823$5,133,529$3,346,739$17,984,835
77$20,029,815$5,278,236$3,352,019$19,664,212
78$21,962,655$5,426,668$3,354,110$21,510,440
79$24,089,174$5,578,902$3,352,800$23,540,415
80$26,429,016$5,735,015$3,347,866$25,772,750
81$29,003,829$5,895,084$3,339,072$28,227,955
82$31,837,463$6,059,186$3,326,175$30,928,631
83$34,956,198$6,227,400$3,308,915$33,899,676
84$38,388,990$6,399,803$3,287,024$37,168,527
85$42,167,745$6,576,472$3,260,218$40,765,416
86$46,327,621$6,757,484$3,228,201$44,723,653
87$50,907,355$6,942,918$3,190,662$49,079,943
88$55,949,633$7,132,848$3,147,277$53,874,730
89$61,501,490$7,327,352$3,097,705$59,152,581
90$67,614,753$7,526,504$3,041,589$64,962,603
91$74,346,533$7,730,378$2,978,558$71,358,909
92$81,759,759$7,939,046$2,908,219$78,401,124
93$89,923,775$8,152,580$2,830,165$86,154,955
94$98,914,994$8,371,050$2,743,969$94,692,803
95$108,817,615$8,594,523$2,649,184$104,094,450
96$119,724,422$8,823,065$2,545,342$114,447,812
97$131,737,657$9,056,739$2,431,955$125,849,766
98$144,969,984$9,295,606$2,308,512$138,407,066
99$159,545,554$9,539,722$2,174,478$152,237,351
100$175,601,174$9,789,142$2,029,297$167,470,254