Can I retire at age 55 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$222,963$220,977$219,040$217,149$215,302$207,994
2 years$110,378$108,322$106,330$104,398$102,525$95,235
3 years$72,854$70,790$68,803$66,889$65,046$58,004
4 years$54,096$52,038$50,071$48,190$46,391$39,651
5 years$42,844$40,798$38,857$37,014$35,266$28,845
6 years$35,345$33,315$31,402$29,601$27,905$21,808
7 years$29,991$27,978$26,095$24,336$22,694$16,920
8 years$25,977$23,982$22,131$20,415$18,827$13,372
9 years$22,857$20,881$19,061$17,389$15,855$10,712
10 years$20,362$18,405$16,618$14,990$13,509$8,670
11 years$18,323$16,385$14,630$13,045$11,618$7,074
12 years$16,624$14,707$12,984$11,443$10,068$5,808
13 years$15,188$13,290$11,600$10,102$8,780$4,792
14 years$13,958$12,081$10,423$8,968$7,696$3,970
15 years$12,893$11,036$9,411$7,997$6,776$3,300
16 years$11,962$10,125$8,532$7,161$5,989$2,750
17 years$11,141$9,325$7,764$6,434$5,310$2,297
18 years$10,413$8,617$7,087$5,798$4,722$1,922
19 years$9,762$7,986$6,488$5,239$4,208$1,611
20 years$9,176$7,421$5,954$4,745$3,759$1,352
21 years$8,648$6,912$5,477$4,307$3,364$1,135
22 years$8,167$6,452$5,048$3,916$3,015$955
23 years$7,730$6,035$4,661$3,566$2,707$803
24 years$7,329$5,654$4,310$3,252$2,433$676
25 years$6,961$5,306$3,992$2,970$2,189$569
26 years$6,622$4,987$3,703$2,716$1,972$480
27 years$6,308$4,693$3,438$2,486$1,778$405
28 years$6,018$4,422$3,196$2,278$1,604$341
29 years$5,748$4,172$2,974$2,089$1,449$288
30 years$5,496$3,940$2,771$1,917$1,309$243
31 years$5,261$3,725$2,583$1,760$1,183$205
32 years$5,041$3,524$2,410$1,618$1,070$173
33 years$4,835$3,338$2,250$1,488$969$146
34 years$4,642$3,163$2,102$1,369$877$123
35 years$4,460$3,000$1,966$1,260$794$104
36 years$4,288$2,848$1,839$1,161$720$88
37 years$4,126$2,705$1,721$1,069$652$74
38 years$3,973$2,570$1,612$986$591$63
39 years$3,829$2,444$1,510$909$536$53
40 years$3,691$2,325$1,415$838$486$45
41 years$3,561$2,214$1,327$773$441$38
42 years$3,437$2,108$1,245$714$400$32
43 years$3,320$2,009$1,168$659$363$27
44 years$3,208$1,915$1,097$608$330$23
45 years$3,101$1,826$1,030$562$299$19
46 years$3,000$1,742$967$519$272$16
47 years$2,903$1,662$909$479$247$14
48 years$2,810$1,587$854$443$224$12
49 years$2,721$1,515$802$409$204$10
50 years$2,636$1,447$754$378$185$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,700,000, adding $4,875 every year, while hoping to spend $39,916 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: 50/38/12 Blend
54$2,700,000$2,700,000$2,700,000$2,700,000
55$2,980,429$2,837,329$2,795,479$3,119,557
56$3,241,962$2,933,887$2,846,657$3,311,997
57$3,528,834$3,033,840$2,898,212$3,516,399
58$3,843,587$3,137,310$2,950,114$3,737,612
59$4,189,021$3,244,426$3,002,331$3,977,226
60$4,568,222$3,355,324$3,054,829$4,236,990
61$4,984,586$3,470,140$3,107,572$4,518,827
62$5,441,857$3,589,020$3,160,519$4,824,853
63$5,944,159$3,712,115$3,213,628$5,157,395
64$6,496,033$3,839,578$3,266,855$5,519,010
65$7,102,484$3,971,573$3,320,150$5,912,516
66$7,769,024$4,108,267$3,373,462$6,341,011
67$8,501,727$4,249,834$3,426,735$6,807,903
68$9,307,283$4,396,457$3,479,911$7,316,945
69$10,193,066$4,548,323$3,532,928$7,872,266
70$11,167,196$4,705,628$3,585,719$8,478,412
71$12,238,623$4,868,576$3,638,213$9,140,384
72$13,417,205$5,037,379$3,690,335$9,863,692
73$14,713,804$5,212,255$3,742,006$10,654,398
74$16,140,390$5,393,434$3,793,142$11,519,177
75$17,710,150$5,581,152$3,843,652$12,465,379
76$19,437,614$5,775,657$3,893,443$13,501,098
77$21,338,792$5,977,205$3,942,414$14,635,245
78$23,431,324$6,186,064$3,990,460$15,877,632
79$25,734,647$6,402,509$4,037,469$17,239,068
80$28,270,179$6,626,830$4,083,322$18,731,453
81$31,061,519$6,859,326$4,127,895$20,367,894
82$34,134,671$7,100,310$4,171,056$22,162,829
83$37,518,288$7,350,106$4,212,667$24,132,156
84$41,243,943$7,609,051$4,252,582$26,293,391
85$45,346,427$7,877,496$4,290,645$28,665,823
86$49,864,076$8,155,807$4,326,695$31,270,700
87$54,839,133$8,444,363$4,360,560$34,131,430
88$60,318,146$8,743,558$4,392,061$37,273,797
89$66,352,410$9,053,806$4,421,008$40,726,203
90$72,998,446$9,375,532$4,447,202$44,519,938
91$80,318,537$9,709,183$4,470,433$48,689,472
92$88,381,317$10,055,222$4,490,481$53,272,779
93$97,262,414$10,414,130$4,507,115$58,311,696
94$107,045,168$10,786,411$4,520,091$63,852,312
95$117,821,416$11,172,586$4,529,155$69,945,406
96$129,692,357$11,573,199$4,534,038$76,646,922
97$142,769,508$11,988,817$4,534,460$84,018,499
98$157,175,758$12,420,028$4,530,124$92,128,046
99$173,046,523$12,867,448$4,520,721$101,050,384
100$190,531,030$13,331,714$4,505,926$110,867,952