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

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$186,629$184,966$183,344$181,761$180,216$174,168
2 years$92,390$90,670$89,002$87,385$85,817$79,784
3 years$60,982$59,254$57,590$55,989$54,446$48,616
4 years$45,281$43,558$41,911$40,337$38,831$33,250
5 years$35,862$34,150$32,525$30,982$29,519$24,201
6 years$29,585$27,886$26,285$24,777$23,357$18,307
7 years$25,104$23,419$21,843$20,370$18,996$14,212
8 years$21,744$20,074$18,524$17,088$15,759$11,239
9 years$19,132$17,478$15,955$14,555$13,271$9,009
10 years$17,044$15,406$13,910$12,547$11,308$7,296
11 years$15,337$13,715$12,246$10,920$9,725$5,957
12 years$13,915$12,310$10,868$9,578$8,427$4,894
13 years$12,713$11,125$9,710$8,456$7,349$4,041
14 years$11,683$10,112$8,724$7,506$6,442$3,350
15 years$10,792$9,237$7,877$6,694$5,672$2,786
16 years$10,013$8,475$7,142$5,994$5,013$2,324
17 years$9,326$7,805$6,499$5,385$4,445$1,943
18 years$8,716$7,212$5,932$4,853$3,952$1,627
19 years$8,171$6,684$5,431$4,385$3,523$1,364
20 years$7,681$6,211$4,984$3,972$3,146$1,146
21 years$7,238$5,786$4,584$3,605$2,816$963
22 years$6,836$5,401$4,225$3,278$2,524$810
23 years$6,470$5,051$3,901$2,985$2,266$682
24 years$6,135$4,733$3,608$2,722$2,036$575
25 years$5,827$4,441$3,342$2,486$1,832$485
26 years$5,543$4,174$3,099$2,273$1,651$409
27 years$5,280$3,928$2,878$2,081$1,488$345
28 years$5,037$3,702$2,675$1,906$1,343$291
29 years$4,811$3,492$2,490$1,748$1,213$246
30 years$4,600$3,298$2,319$1,604$1,096$207
31 years$4,404$3,118$2,162$1,474$991$175
32 years$4,220$2,950$2,017$1,354$896$148
33 years$4,047$2,794$1,883$1,245$811$125
34 years$3,885$2,648$1,760$1,146$734$106
35 years$3,733$2,511$1,645$1,055$665$89
36 years$3,589$2,384$1,539$971$602$75
37 years$3,454$2,264$1,441$895$546$64
38 years$3,326$2,152$1,349$825$495$54
39 years$3,205$2,046$1,264$761$449$45
40 years$3,090$1,946$1,185$702$407$38
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$23
44 years$2,685$1,603$918$509$276$20
45 years$2,596$1,528$862$470$251$17
46 years$2,511$1,458$809$434$228$14
47 years$2,430$1,391$760$401$207$12
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 $2,867 every year, while hoping to spend $45,541 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: 67/11/22 Blend
54$2,260,000$2,260,000$2,260,000$2,260,000
55$2,493,477$2,373,697$2,338,667$2,646,438
56$2,699,357$2,441,553$2,368,557$2,817,242
57$2,924,709$2,511,208$2,397,922$2,998,467
58$3,171,474$2,582,701$2,426,697$3,195,583
59$3,441,784$2,656,073$2,454,811$3,410,154
60$3,737,991$2,731,366$2,482,192$3,643,905
61$4,062,683$2,808,619$2,508,762$3,898,734
62$4,418,711$2,887,876$2,534,440$4,176,732
63$4,809,215$2,969,178$2,559,140$4,480,204
64$5,237,655$3,052,567$2,582,771$4,811,687
65$5,707,839$3,138,086$2,605,237$5,173,977
66$6,223,964$3,225,778$2,626,438$5,570,156
67$6,790,653$3,315,686$2,646,268$6,003,617
68$7,412,997$3,407,851$2,664,615$6,478,099
69$8,096,605$3,502,319$2,681,363$6,997,723
70$8,847,657$3,599,131$2,696,387$7,567,027
71$9,672,961$3,698,331$2,709,558$8,191,014
72$10,580,014$3,799,961$2,720,740$8,875,195
73$11,577,081$3,904,064$2,729,790$9,625,642
74$12,673,262$4,010,682$2,736,556$10,449,047
75$13,878,586$4,119,856$2,740,882$11,352,784
76$15,204,101$4,231,629$2,742,602$12,344,976
77$16,661,981$4,346,040$2,741,540$13,434,578
78$18,265,637$4,463,131$2,737,516$14,631,455
79$20,029,847$4,582,938$2,730,337$15,946,479
80$21,970,891$4,705,502$2,719,803$17,391,629
81$24,106,708$4,830,858$2,705,703$18,980,108
82$26,457,064$4,959,042$2,687,816$20,726,463
83$29,043,738$5,090,088$2,665,911$22,646,726
84$31,890,727$5,224,030$2,639,747$24,758,564
85$35,024,471$5,360,897$2,609,068$27,081,445
86$38,474,105$5,500,719$2,573,610$29,636,824
87$42,271,731$5,643,522$2,533,093$32,448,343
88$46,452,723$5,789,330$2,487,228$35,542,057
89$51,056,059$5,938,166$2,435,707$38,946,678
90$56,124,687$6,090,046$2,378,214$42,693,847
91$61,705,935$6,244,987$2,314,413$46,818,432
92$67,851,950$6,403,001$2,243,956$51,358,861
93$74,620,196$6,564,096$2,166,476$56,357,479
94$82,073,996$6,728,276$2,081,593$61,860,952
95$90,283,123$6,895,541$1,988,905$67,920,707
96$99,324,464$7,065,886$1,887,997$74,593,419
97$109,282,746$7,239,300$1,778,430$81,941,542
98$120,251,328$7,415,768$1,659,750$90,033,905
99$132,333,090$7,595,268$1,531,479$98,946,356
100$145,641,400$7,777,771$1,393,118$108,762,484