Can I retire at age 55 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$187,454$185,785$184,156$182,566$181,013$179,347
2 years$92,799$91,071$89,396$87,772$86,197$84,518
3 years$61,252$59,516$57,845$56,236$54,687$53,047
4 years$45,481$43,750$42,096$40,515$39,003$37,416
5 years$36,021$34,301$32,669$31,119$29,649$28,119
6 years$29,716$28,009$26,401$24,887$23,461$21,989
7 years$25,215$23,522$21,939$20,461$19,080$17,667
8 years$21,840$20,163$18,606$17,164$15,829$14,475
9 years$19,217$17,555$16,026$14,620$13,330$12,036
10 years$17,120$15,474$13,972$12,602$11,358$10,122
11 years$15,405$13,776$12,300$10,968$9,768$8,589
12 years$13,977$12,364$10,916$9,620$8,465$7,342
13 years$12,769$11,174$9,753$8,493$7,381$6,313
14 years$11,735$10,157$8,763$7,539$6,471$5,455
15 years$10,840$9,278$7,912$6,724$5,697$4,734
16 years$10,057$8,513$7,173$6,020$5,035$4,122
17 years$9,367$7,840$6,527$5,409$4,465$3,600
18 years$8,755$7,244$5,959$4,875$3,970$3,152
19 years$8,207$6,714$5,455$4,405$3,538$2,766
20 years$7,715$6,239$5,006$3,989$3,160$2,432
21 years$7,270$5,811$4,605$3,621$2,828$2,142
22 years$6,867$5,425$4,244$3,292$2,535$1,889
23 years$6,499$5,074$3,919$2,998$2,276$1,668
24 years$6,162$4,754$3,624$2,734$2,045$1,474
25 years$5,852$4,461$3,357$2,497$1,841$1,304
26 years$5,567$4,193$3,113$2,283$1,658$1,155
27 years$5,304$3,946$2,891$2,090$1,495$1,024
28 years$5,059$3,718$2,687$1,915$1,349$908
29 years$4,832$3,508$2,501$1,756$1,218$805
30 years$4,621$3,313$2,329$1,612$1,100$715
31 years$4,423$3,131$2,172$1,480$995$635
32 years$4,238$2,963$2,026$1,360$900$564
33 years$4,065$2,806$1,892$1,251$814$501
34 years$3,903$2,659$1,768$1,151$737$446
35 years$3,750$2,522$1,653$1,059$668$396
36 years$3,605$2,394$1,546$976$605$353
37 years$3,469$2,274$1,447$899$548$314
38 years$3,341$2,161$1,355$829$497$279
39 years$3,219$2,055$1,270$764$451$248
40 years$3,103$1,955$1,190$705$409$221
41 years$2,994$1,861$1,116$650$371$197
42 years$2,890$1,772$1,047$600$337$175
43 years$2,791$1,689$982$554$306$156
44 years$2,697$1,610$922$511$277$139
45 years$2,607$1,535$866$472$252$124
46 years$2,522$1,464$813$436$229$110
47 years$2,440$1,397$764$403$208$98
48 years$2,362$1,334$718$372$189$88
49 years$2,288$1,274$675$344$171$78
50 years$2,216$1,217$634$318$156$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,270,000, adding $3,578 every year, while hoping to spend $41,015 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: 36/47/17 Blend
54$2,270,000$2,270,000$2,270,000$2,270,000
55$2,505,231$2,384,921$2,349,736$2,582,308
56$2,717,125$2,458,142$2,384,812$2,711,731
57$2,949,257$2,533,577$2,419,689$2,847,232
58$3,203,649$2,611,290$2,454,316$2,992,646
59$3,482,526$2,691,348$2,488,641$3,148,880
60$3,788,340$2,773,821$2,522,607$3,316,930
61$4,123,791$2,858,778$2,556,155$3,497,893
62$4,491,853$2,946,293$2,589,221$3,692,972
63$4,895,801$3,036,441$2,621,739$3,903,494
64$5,339,244$3,129,298$2,653,639$4,130,914
65$5,826,157$3,224,943$2,684,845$4,376,836
66$6,360,917$3,323,457$2,715,280$4,643,023
67$6,948,348$3,424,925$2,744,859$4,931,415
68$7,593,764$3,529,430$2,773,496$5,244,146
69$8,303,018$3,637,062$2,801,098$5,583,567
70$9,082,558$3,747,910$2,827,567$5,952,263
71$9,939,490$3,862,068$2,852,801$6,353,081
72$10,881,639$3,979,631$2,876,692$6,789,153
73$11,917,630$4,100,697$2,899,124$7,263,929
74$13,056,963$4,225,366$2,919,980$7,781,207
75$14,310,105$4,353,741$2,939,131$8,345,169
76$15,688,590$4,485,928$2,956,446$8,960,418
77$17,205,124$4,622,037$2,971,786$9,632,026
78$18,873,709$4,762,178$2,985,002$10,365,575
79$20,709,769$4,906,467$2,995,941$11,167,215
80$22,730,302$5,055,020$3,004,442$12,043,720
81$24,954,036$5,207,959$3,010,334$13,002,547
82$27,401,605$5,365,407$3,013,438$14,051,914
83$30,095,748$5,527,491$3,013,567$15,200,871
84$33,061,518$5,694,342$3,010,525$16,459,387
85$36,326,520$5,866,092$3,004,105$17,838,443
86$39,921,173$6,042,879$2,994,091$19,350,137
87$43,878,995$6,224,842$2,980,255$21,007,795
88$48,236,920$6,412,127$2,962,361$22,826,099
89$53,035,645$6,604,880$2,940,159$24,821,224
90$58,320,014$6,803,253$2,913,388$27,010,990
91$64,139,443$7,007,400$2,881,774$29,415,028
92$70,548,384$7,217,480$2,845,031$32,054,969
93$77,606,838$7,433,655$2,802,858$34,954,646
94$85,380,924$7,656,093$2,754,943$38,140,314
95$93,943,499$7,884,962$2,700,954$41,640,906
96$103,374,850$8,120,439$2,640,550$45,488,297
97$113,763,445$8,362,701$2,573,369$49,717,610
98$125,206,774$8,611,931$2,499,035$54,367,547
99$137,812,266$8,868,317$2,417,153$59,480,748
100$151,698,302$9,132,049$2,327,312$65,104,200