Can I retire at age 55 with 2,250,000?

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 $2,250,000?

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$185,803$184,148$182,533$180,957$179,418$178,437
2 years$91,982$90,269$88,608$86,999$85,437$84,447
3 years$60,712$58,991$57,335$55,741$54,205$53,237
4 years$45,080$43,365$41,726$40,158$38,659$37,720
5 years$35,704$33,999$32,381$30,845$29,388$28,481
6 years$29,455$27,762$26,168$24,667$23,254$22,380
7 years$24,993$23,315$21,746$20,280$18,912$18,071
8 years$21,648$19,985$18,442$17,013$15,689$14,882
9 years$19,048$17,401$15,884$14,491$13,212$12,439
10 years$16,969$15,338$13,848$12,491$11,258$10,518
11 years$15,269$13,654$12,192$10,871$9,682$8,975
12 years$13,853$12,255$10,820$9,536$8,390$7,715
13 years$12,657$11,075$9,667$8,418$7,316$6,672
14 years$11,632$10,067$8,686$7,473$6,414$5,800
15 years$10,744$9,197$7,842$6,665$5,647$5,063
16 years$9,968$8,438$7,110$5,967$4,991$4,436
17 years$9,285$7,771$6,470$5,362$4,425$3,899
18 years$8,677$7,181$5,906$4,832$3,935$3,435
19 years$8,135$6,655$5,407$4,366$3,507$3,034
20 years$7,647$6,184$4,962$3,954$3,133$2,685
21 years$7,206$5,760$4,564$3,589$2,803$2,380
22 years$6,806$5,377$4,207$3,263$2,513$2,113
23 years$6,441$5,029$3,884$2,972$2,256$1,879
24 years$6,108$4,712$3,592$2,710$2,027$1,672
25 years$5,801$4,422$3,327$2,475$1,824$1,490
26 years$5,518$4,156$3,086$2,263$1,643$1,329
27 years$5,257$3,911$2,865$2,072$1,482$1,186
28 years$5,015$3,685$2,664$1,898$1,337$1,059
29 years$4,790$3,477$2,479$1,741$1,207$947
30 years$4,580$3,283$2,309$1,597$1,091$846
31 years$4,384$3,104$2,152$1,467$986$757
32 years$4,201$2,937$2,008$1,348$892$678
33 years$4,029$2,781$1,875$1,240$807$607
34 years$3,868$2,636$1,752$1,141$731$544
35 years$3,716$2,500$1,638$1,050$662$487
36 years$3,574$2,373$1,532$967$600$437
37 years$3,439$2,254$1,434$891$544$391
38 years$3,311$2,142$1,343$821$493$351
39 years$3,190$2,037$1,258$757$447$315
40 years$3,076$1,938$1,179$699$405$282
41 years$2,968$1,845$1,106$644$368$253
42 years$2,865$1,757$1,037$595$334$227
43 years$2,767$1,674$973$549$303$204
44 years$2,673$1,596$914$507$275$183
45 years$2,584$1,522$858$468$250$164
46 years$2,500$1,451$806$432$227$148
47 years$2,419$1,385$757$400$206$132
48 years$2,341$1,322$711$369$187$119
49 years$2,268$1,263$669$341$170$107
50 years$2,197$1,206$629$315$154$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,250,000, adding $5,964 every year, while hoping to spend $49,605 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: 74/12/14 Blend
54$2,250,000$2,250,000$2,250,000$2,250,000
55$2,485,652$2,366,402$2,331,527$2,661,701
56$2,686,409$2,429,576$2,356,854$2,842,103
57$2,905,981$2,494,184$2,381,366$3,032,982
58$3,146,234$2,560,242$2,404,985$3,240,784
59$3,409,224$2,627,768$2,427,627$3,467,175
60$3,697,215$2,696,778$2,449,202$3,713,992
61$4,012,698$2,767,288$2,469,617$3,983,254
62$4,358,419$2,839,311$2,488,776$4,277,188
63$4,737,402$2,912,860$2,506,573$4,598,246
64$5,152,974$2,987,948$2,522,901$4,949,130
65$5,608,805$3,064,585$2,537,645$5,332,814
66$6,108,932$3,142,779$2,550,686$5,752,577
67$6,657,805$3,222,537$2,561,896$6,212,029
68$7,260,325$3,303,865$2,571,143$6,715,148
69$7,921,890$3,386,766$2,578,288$7,266,318
70$8,648,446$3,471,241$2,583,184$7,870,366
71$9,446,544$3,557,289$2,585,677$8,532,613
72$10,323,401$3,644,905$2,585,607$9,258,919
73$11,286,967$3,734,084$2,582,803$10,055,743
74$12,345,999$3,824,816$2,577,089$10,930,199
75$13,510,147$3,917,089$2,568,278$11,890,129
76$14,790,042$4,010,886$2,556,175$12,944,172
77$16,197,394$4,106,187$2,540,575$14,101,845
78$17,745,108$4,202,969$2,521,263$15,373,637
79$19,447,399$4,301,205$2,498,016$16,771,107
80$21,319,930$4,400,861$2,470,596$18,306,988
81$23,379,960$4,501,900$2,438,758$19,995,315
82$25,646,504$4,604,281$2,402,244$21,851,551
83$28,140,511$4,707,954$2,360,783$23,892,735
84$30,885,066$4,812,867$2,314,092$26,137,646
85$33,905,603$4,918,958$2,261,875$28,606,974
86$37,230,148$5,026,161$2,203,821$31,323,521
87$40,889,582$5,134,401$2,139,608$34,312,413
88$44,917,929$5,243,596$2,068,895$37,601,338
89$49,352,683$5,353,657$1,991,327$41,220,808
90$54,235,155$5,464,485$1,906,535$45,204,447
91$59,610,866$5,575,970$1,814,130$49,589,306
92$65,529,978$5,687,996$1,713,706$54,416,218
93$72,047,761$5,800,434$1,604,841$59,730,179
94$79,225,121$5,913,143$1,487,091$65,580,774
95$87,129,168$6,025,972$1,359,994$72,022,645
96$95,833,856$6,138,757$1,223,066$79,116,008
97$105,420,673$6,251,320$1,075,803$86,927,223
98$115,979,417$6,363,470$917,677$95,529,415
99$127,609,036$6,474,998$748,138$105,003,171
100$140,418,567$6,585,683$566,610$115,437,299