Can I retire at age 55 with 2,260,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,260,000?

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$186,629$184,966$183,344$181,761$180,216$174,099
2 years$92,390$90,670$89,002$87,385$85,817$79,715
3 years$60,982$59,254$57,590$55,989$54,446$48,551
4 years$45,281$43,558$41,911$40,337$38,831$33,189
5 years$35,862$34,150$32,525$30,982$29,519$24,144
6 years$29,585$27,886$26,285$24,777$23,357$18,254
7 years$25,104$23,419$21,843$20,370$18,996$14,163
8 years$21,744$20,074$18,524$17,088$15,759$11,193
9 years$19,132$17,478$15,955$14,555$13,271$8,967
10 years$17,044$15,406$13,910$12,547$11,308$7,257
11 years$15,337$13,715$12,246$10,920$9,725$5,921
12 years$13,915$12,310$10,868$9,578$8,427$4,861
13 years$12,713$11,125$9,710$8,456$7,349$4,011
14 years$11,683$10,112$8,724$7,506$6,442$3,323
15 years$10,792$9,237$7,877$6,694$5,672$2,762
16 years$10,013$8,475$7,142$5,994$5,013$2,302
17 years$9,326$7,805$6,499$5,385$4,445$1,923
18 years$8,716$7,212$5,932$4,853$3,952$1,609
19 years$8,171$6,684$5,431$4,385$3,523$1,348
20 years$7,681$6,211$4,984$3,972$3,146$1,131
21 years$7,238$5,786$4,584$3,605$2,816$950
22 years$6,836$5,401$4,225$3,278$2,524$799
23 years$6,470$5,051$3,901$2,985$2,266$672
24 years$6,135$4,733$3,608$2,722$2,036$566
25 years$5,827$4,441$3,342$2,486$1,832$477
26 years$5,543$4,174$3,099$2,273$1,651$402
27 years$5,280$3,928$2,878$2,081$1,488$339
28 years$5,037$3,702$2,675$1,906$1,343$286
29 years$4,811$3,492$2,490$1,748$1,213$241
30 years$4,600$3,298$2,319$1,604$1,096$203
31 years$4,404$3,118$2,162$1,474$991$171
32 years$4,220$2,950$2,017$1,354$896$145
33 years$4,047$2,794$1,883$1,245$811$122
34 years$3,885$2,648$1,760$1,146$734$103
35 years$3,733$2,511$1,645$1,055$665$87
36 years$3,589$2,384$1,539$971$602$73
37 years$3,454$2,264$1,441$895$546$62
38 years$3,326$2,152$1,349$825$495$52
39 years$3,205$2,046$1,264$761$449$44
40 years$3,090$1,946$1,185$702$407$37
41 years$2,981$1,853$1,111$647$369$32
42 years$2,877$1,765$1,042$597$335$27
43 years$2,779$1,681$978$551$304$22
44 years$2,685$1,603$918$509$276$19
45 years$2,596$1,528$862$470$251$16
46 years$2,511$1,458$809$434$228$14
47 years$2,430$1,391$760$401$207$11
48 years$2,352$1,328$715$371$188$10
49 years$2,278$1,268$672$343$170$8
50 years$2,207$1,212$631$317$155$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,260,000, adding $5,985 every year, while hoping to spend $35,327 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: 40/33/27 Blend
54$2,260,000$2,260,000$2,260,000$2,260,000
55$2,496,694$2,376,914$2,341,884$2,576,442
56$2,713,769$2,455,795$2,382,749$2,713,727
57$2,951,801$2,537,357$2,423,799$2,858,419
58$3,212,892$2,621,694$2,465,004$3,014,282
59$3,499,354$2,708,905$2,506,329$3,182,359
60$3,813,736$2,799,089$2,547,738$3,363,798
61$4,158,845$2,892,352$2,589,195$3,559,864
62$4,537,772$2,988,802$2,630,658$3,771,944
63$4,953,923$3,088,551$2,672,083$4,001,568
64$5,411,051$3,191,718$2,713,426$4,250,416
65$5,913,288$3,298,422$2,754,636$4,520,340
66$6,465,188$3,408,790$2,795,661$4,813,374
67$7,071,768$3,522,951$2,836,446$5,131,761
68$7,738,553$3,641,040$2,876,932$5,477,967
69$8,471,632$3,763,198$2,917,056$5,854,705
70$9,277,714$3,889,570$2,956,752$6,264,966
71$10,164,188$4,020,306$2,995,951$6,712,040
72$11,139,197$4,155,563$3,034,577$7,199,549
73$12,211,712$4,295,503$3,072,553$7,731,482
74$13,391,618$4,440,294$3,109,794$8,312,231
75$14,689,805$4,590,110$3,146,214$8,946,633
76$16,118,273$4,745,133$3,181,720$9,640,015
77$17,690,243$4,905,551$3,216,214$10,398,241
78$19,420,283$5,071,558$3,249,592$11,227,774
79$21,324,444$5,243,357$3,281,746$12,135,726
80$23,420,414$5,421,158$3,312,561$13,129,937
81$25,727,680$5,605,178$3,341,915$14,219,038
82$28,267,716$5,795,645$3,369,682$15,412,538
83$31,064,184$5,992,793$3,395,728$16,720,911
84$34,143,157$6,196,865$3,419,910$18,155,694
85$37,533,363$6,408,115$3,442,081$19,729,599
86$41,266,459$6,626,807$3,462,085$21,456,626
87$45,377,330$6,853,212$3,479,756$23,352,202
88$49,904,412$7,087,614$3,494,922$25,433,319
89$54,890,063$7,330,307$3,507,403$27,718,700
90$60,380,954$7,581,598$3,517,006$30,228,972
91$66,428,519$7,841,803$3,523,533$32,986,859
92$73,089,429$8,111,252$3,526,772$36,017,399
93$80,426,135$8,390,289$3,526,504$39,348,177
94$88,507,456$8,679,268$3,522,497$43,009,587
95$97,409,224$8,978,559$3,514,508$47,035,117
96$107,215,003$9,288,547$3,502,283$51,461,664
97$118,016,879$9,609,631$3,485,554$56,329,882
98$129,916,322$9,942,225$3,464,042$61,684,567
99$143,025,153$10,286,760$3,437,454$67,575,075
100$157,466,592$10,643,685$3,405,482$74,055,793