Can I retire at age 55 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$184,151$182,511$180,911$179,349$177,823$176,851
2 years$91,164$89,466$87,821$86,225$84,678$83,697
3 years$60,172$58,467$56,826$55,245$53,723$52,763
4 years$44,679$42,980$41,355$39,801$38,316$37,385
5 years$35,386$33,696$32,093$30,571$29,127$28,228
6 years$29,193$27,516$25,936$24,448$23,047$22,181
7 years$24,771$23,108$21,553$20,100$18,744$17,911
8 years$21,455$19,808$18,278$16,861$15,550$14,750
9 years$18,878$17,246$15,743$14,362$13,095$12,329
10 years$16,818$15,202$13,725$12,380$11,158$10,424
11 years$15,133$13,533$12,084$10,775$9,596$8,895
12 years$13,730$12,147$10,724$9,451$8,316$7,646
13 years$12,544$10,977$9,581$8,344$7,251$6,613
14 years$11,528$9,978$8,609$7,407$6,357$5,748
15 years$10,649$9,115$7,772$6,605$5,597$5,018
16 years$9,880$8,363$7,047$5,914$4,946$4,397
17 years$9,202$7,702$6,412$5,314$4,386$3,864
18 years$8,600$7,117$5,854$4,789$3,900$3,405
19 years$8,062$6,596$5,359$4,327$3,476$3,007
20 years$7,579$6,129$4,918$3,919$3,105$2,661
21 years$7,142$5,709$4,524$3,557$2,778$2,359
22 years$6,746$5,329$4,169$3,234$2,490$2,094
23 years$6,384$4,984$3,850$2,945$2,236$1,862
24 years$6,053$4,670$3,560$2,686$2,009$1,657
25 years$5,749$4,382$3,297$2,453$1,808$1,477
26 years$5,469$4,119$3,058$2,243$1,629$1,317
27 years$5,210$3,876$2,840$2,053$1,468$1,175
28 years$4,970$3,653$2,640$1,881$1,325$1,050
29 years$4,747$3,446$2,457$1,725$1,196$938
30 years$4,539$3,254$2,288$1,583$1,081$839
31 years$4,345$3,076$2,133$1,454$977$750
32 years$4,164$2,911$1,990$1,336$884$672
33 years$3,994$2,757$1,858$1,229$800$601
34 years$3,834$2,613$1,736$1,131$724$539
35 years$3,683$2,478$1,623$1,041$656$483
36 years$3,542$2,352$1,519$959$594$433
37 years$3,408$2,234$1,421$883$539$388
38 years$3,282$2,123$1,331$814$488$348
39 years$3,162$2,019$1,247$751$443$312
40 years$3,049$1,921$1,169$692$402$280
41 years$2,941$1,828$1,096$639$365$251
42 years$2,839$1,741$1,028$589$331$225
43 years$2,742$1,659$965$544$300$202
44 years$2,650$1,581$906$502$272$181
45 years$2,561$1,508$850$464$247$163
46 years$2,477$1,439$799$429$225$146
47 years$2,397$1,373$750$396$204$131
48 years$2,321$1,311$705$366$185$118
49 years$2,247$1,252$663$338$168$106
50 years$2,177$1,195$623$313$153$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,230,000, adding $3,797 every year, while hoping to spend $42,406 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: 66/17/17 Blend
54$2,230,000$2,230,000$2,230,000$2,230,000
55$2,461,377$2,343,187$2,308,622$2,613,364
56$2,667,317$2,412,883$2,340,841$2,785,227
57$2,892,843$2,484,573$2,372,718$2,967,757
58$3,139,906$2,558,311$2,404,197$3,166,250
59$3,410,657$2,634,149$2,435,219$3,382,271
60$3,707,465$2,712,143$2,465,719$3,617,539
61$4,032,938$2,792,350$2,495,633$3,873,953
62$4,389,950$2,874,827$2,524,889$4,153,598
63$4,781,666$2,959,634$2,553,413$4,458,775
64$5,211,570$3,046,831$2,581,127$4,792,015
65$5,683,503$3,136,478$2,607,948$5,156,109
66$6,201,695$3,228,640$2,633,788$5,554,128
67$6,770,803$3,323,379$2,658,556$5,989,456
68$7,395,962$3,420,762$2,682,154$6,465,822
69$8,082,825$3,520,854$2,704,481$6,987,331
70$8,837,621$3,623,723$2,725,429$7,558,507
71$9,667,212$3,729,440$2,744,885$8,184,335
72$10,579,159$3,838,073$2,762,729$8,870,303
73$11,581,789$3,949,694$2,778,836$9,622,462
74$12,684,279$4,064,378$2,793,076$10,447,474
75$13,896,740$4,182,196$2,805,308$11,352,683
76$15,230,310$4,303,226$2,815,388$12,346,178
77$16,697,261$4,427,544$2,823,163$13,436,871
78$18,311,115$4,555,227$2,828,472$14,634,584
79$20,086,770$4,686,355$2,831,148$15,950,136
80$22,040,642$4,821,007$2,831,012$17,395,451
81$24,190,817$4,959,266$2,827,880$18,983,665
82$26,557,223$5,101,213$2,821,557$20,729,253
83$29,161,820$5,246,932$2,811,840$22,648,166
84$32,028,802$5,396,508$2,798,512$24,757,978
85$35,184,829$5,550,026$2,781,352$27,078,057
86$38,659,277$5,707,573$2,760,123$29,629,743
87$42,484,515$5,869,236$2,734,579$32,436,549
88$46,696,210$6,035,103$2,704,462$35,524,390
89$51,333,664$6,205,263$2,669,501$38,921,817
90$56,440,183$6,379,806$2,629,415$42,660,295
91$62,063,487$6,558,822$2,583,906$46,774,496
92$68,256,159$6,742,402$2,532,664$51,302,628
93$75,076,144$6,930,636$2,475,364$56,286,793
94$82,587,290$7,123,616$2,411,668$61,773,387
95$90,859,954$7,321,433$2,341,219$67,813,536
96$99,971,665$7,524,180$2,263,646$74,463,580
97$110,007,857$7,731,947$2,178,560$81,785,605
98$121,062,672$7,944,825$2,085,555$89,848,027
99$133,239,849$8,162,906$1,984,206$98,726,240
100$146,653,705$8,386,280$1,874,068$108,503,328