Can I retire at age 55 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$225,441$223,433$221,474$219,561$217,694$212,087
2 years$111,604$109,526$107,511$105,558$103,664$98,052
3 years$73,664$71,576$69,567$67,632$65,769$60,328
4 years$54,697$52,616$50,627$48,725$46,907$41,679
5 years$43,320$41,252$39,289$37,426$35,658$30,657
6 years$35,738$33,685$31,751$29,930$28,215$23,446
7 years$30,324$28,289$26,385$24,607$22,946$18,410
8 years$26,266$24,249$22,377$20,642$19,036$14,730
9 years$23,111$21,113$19,273$17,582$16,031$11,952
10 years$20,589$18,610$16,803$15,156$13,659$9,802
11 years$18,526$16,567$14,793$13,190$11,747$8,106
12 years$16,809$14,870$13,128$11,570$10,180$6,748
13 years$15,357$13,438$11,729$10,214$8,877$5,648
14 years$14,113$12,215$10,539$9,067$7,782$4,748
15 years$13,036$11,158$9,515$8,086$6,852$4,005
16 years$12,095$10,238$8,627$7,240$6,056$3,389
17 years$11,265$9,429$7,850$6,505$5,369$2,874
18 years$10,529$8,712$7,166$5,863$4,774$2,443
19 years$9,870$8,075$6,560$5,297$4,255$2,080
20 years$9,278$7,503$6,021$4,798$3,801$1,774
21 years$8,744$6,989$5,538$4,354$3,401$1,514
22 years$8,258$6,524$5,104$3,959$3,049$1,294
23 years$7,816$6,102$4,713$3,606$2,737$1,107
24 years$7,410$5,717$4,358$3,289$2,460$947
25 years$7,038$5,365$4,037$3,003$2,214$811
26 years$6,695$5,042$3,744$2,746$1,994$695
27 years$6,378$4,745$3,477$2,514$1,798$596
28 years$6,085$4,472$3,232$2,303$1,622$512
29 years$5,811$4,218$3,008$2,112$1,465$439
30 years$5,557$3,984$2,801$1,938$1,323$377
31 years$5,320$3,766$2,612$1,780$1,196$323
32 years$5,097$3,563$2,437$1,636$1,082$278
33 years$4,889$3,375$2,275$1,504$979$239
34 years$4,693$3,198$2,126$1,384$887$205
35 years$4,509$3,034$1,987$1,274$803$176
36 years$4,336$2,879$1,859$1,173$728$151
37 years$4,172$2,735$1,740$1,081$660$130
38 years$4,017$2,599$1,630$997$598$112
39 years$3,871$2,471$1,527$919$542$96
40 years$3,732$2,351$1,431$848$492$83
41 years$3,601$2,238$1,342$782$446$71
42 years$3,476$2,132$1,259$722$405$61
43 years$3,357$2,031$1,181$666$367$52
44 years$3,244$1,936$1,109$615$334$45
45 years$3,136$1,846$1,041$568$303$39
46 years$3,033$1,761$978$525$275$33
47 years$2,935$1,681$919$485$250$29
48 years$2,841$1,604$863$448$227$25
49 years$2,751$1,532$811$414$206$21
50 years$2,665$1,464$763$383$187$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,730,000, adding $5,359 every year, while hoping to spend $20,649 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: 68/27/5 Blend
54$2,730,000$2,730,000$2,730,000$2,730,000
55$3,013,988$2,869,298$2,826,983$3,216,852
56$3,299,444$2,987,923$2,899,716$3,470,435
57$3,613,325$3,111,669$2,974,194$3,744,600
58$3,958,508$3,240,764$3,050,454$4,043,831
59$4,338,163$3,375,449$3,128,531$4,370,573
60$4,755,783$3,515,974$3,208,465$4,727,516
61$5,215,218$3,662,601$3,290,293$5,117,622
62$5,720,706$3,815,604$3,374,054$5,544,146
63$6,276,921$3,975,272$3,459,787$6,010,674
64$6,889,009$4,141,903$3,547,532$6,521,150
65$7,562,644$4,315,812$3,637,331$7,079,917
66$8,304,074$4,497,327$3,729,222$7,691,751
67$9,120,187$4,686,793$3,823,248$8,361,914
68$10,018,570$4,884,570$3,919,450$9,096,196
69$11,007,583$5,091,033$4,017,872$9,900,970
70$12,096,441$5,306,578$4,118,554$10,783,255
71$13,295,293$5,531,616$4,221,541$11,750,777
72$14,615,327$5,766,578$4,326,876$12,812,041
73$16,068,867$6,011,917$4,434,603$13,976,416
74$17,669,495$6,268,105$4,544,767$15,254,215
75$19,432,179$6,535,637$4,657,411$16,656,795
76$21,373,408$6,815,031$4,772,582$18,196,664
77$23,511,356$7,106,828$4,890,323$19,887,595
78$25,866,047$7,411,595$5,010,682$21,744,757
79$28,459,548$7,729,927$5,133,704$23,784,856
80$31,316,173$8,062,445$5,259,434$26,026,292
81$34,462,717$8,409,799$5,387,920$28,489,330
82$37,928,706$8,772,671$5,519,207$31,196,290
83$41,746,676$9,151,774$5,653,342$34,171,759
84$45,952,479$9,547,853$5,790,372$37,442,818
85$50,585,626$9,961,692$5,930,343$41,039,296
86$55,689,652$10,394,107$6,073,302$44,994,053
87$61,312,534$10,845,956$6,219,295$49,343,285
88$67,507,140$11,318,135$6,368,369$54,126,866
89$74,331,729$11,811,584$6,520,570$59,388,722
90$81,850,500$12,327,287$6,675,943$65,177,242
91$90,134,199$12,866,272$6,834,535$71,545,734
92$99,260,786$13,429,618$6,996,391$78,552,926
93$109,316,171$14,018,454$7,161,556$86,263,519
94$120,395,026$14,633,963$7,330,073$94,748,792
95$132,601,675$15,277,384$7,501,986$104,087,275
96$146,051,081$15,950,012$7,677,339$114,365,488
97$160,869,935$16,653,205$7,856,173$125,678,752
98$177,197,844$17,388,388$8,038,530$138,132,091
99$195,188,653$18,157,048$8,224,450$151,841,213
100$215,011,898$18,960,746$8,413,972$166,933,607