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

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$187,454$185,785$184,156$182,566$181,013$176,066
2 years$92,799$91,071$89,396$87,772$86,197$81,249
3 years$61,252$59,516$57,845$56,236$54,687$49,893
4 years$45,481$43,750$42,096$40,515$39,003$34,400
5 years$36,021$34,301$32,669$31,119$29,649$25,250
6 years$29,716$28,009$26,401$24,887$23,461$19,269
7 years$25,215$23,522$21,939$20,461$19,080$15,096
8 years$21,840$20,163$18,606$17,164$15,829$12,050
9 years$19,217$17,555$16,026$14,620$13,330$9,754
10 years$17,120$15,474$13,972$12,602$11,358$7,979
11 years$15,405$13,776$12,300$10,968$9,768$6,582
12 years$13,977$12,364$10,916$9,620$8,465$5,465
13 years$12,769$11,174$9,753$8,493$7,381$4,561
14 years$11,735$10,157$8,763$7,539$6,471$3,824
15 years$10,840$9,278$7,912$6,724$5,697$3,217
16 years$10,057$8,513$7,173$6,020$5,035$2,714
17 years$9,367$7,840$6,527$5,409$4,465$2,295
18 years$8,755$7,244$5,959$4,875$3,970$1,945
19 years$8,207$6,714$5,455$4,405$3,538$1,651
20 years$7,715$6,239$5,006$3,989$3,160$1,404
21 years$7,270$5,811$4,605$3,621$2,828$1,195
22 years$6,867$5,425$4,244$3,292$2,535$1,018
23 years$6,499$5,074$3,919$2,998$2,276$868
24 years$6,162$4,754$3,624$2,734$2,045$740
25 years$5,852$4,461$3,357$2,497$1,841$632
26 years$5,567$4,193$3,113$2,283$1,658$540
27 years$5,304$3,946$2,891$2,090$1,495$462
28 years$5,059$3,718$2,687$1,915$1,349$395
29 years$4,832$3,508$2,501$1,756$1,218$338
30 years$4,621$3,313$2,329$1,612$1,100$289
31 years$4,423$3,131$2,172$1,480$995$247
32 years$4,238$2,963$2,026$1,360$900$211
33 years$4,065$2,806$1,892$1,251$814$181
34 years$3,903$2,659$1,768$1,151$737$155
35 years$3,750$2,522$1,653$1,059$668$133
36 years$3,605$2,394$1,546$976$605$114
37 years$3,469$2,274$1,447$899$548$97
38 years$3,341$2,161$1,355$829$497$83
39 years$3,219$2,055$1,270$764$451$71
40 years$3,103$1,955$1,190$705$409$61
41 years$2,994$1,861$1,116$650$371$52
42 years$2,890$1,772$1,047$600$337$45
43 years$2,791$1,689$982$554$306$38
44 years$2,697$1,610$922$511$277$33
45 years$2,607$1,535$866$472$252$28
46 years$2,522$1,464$813$436$229$24
47 years$2,440$1,397$764$403$208$21
48 years$2,362$1,334$718$372$189$18
49 years$2,288$1,274$675$344$171$15
50 years$2,216$1,217$634$318$156$13

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 $3,719 every year, while hoping to spend $59,333 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: 29/43/28 Blend
54$2,270,000$2,270,000$2,270,000$2,270,000
55$2,505,376$2,385,066$2,349,881$2,556,278
56$2,697,795$2,438,805$2,365,472$2,650,543
57$2,907,851$2,493,188$2,379,597$2,746,410
58$3,137,282$2,548,184$2,392,144$2,848,293
59$3,388,000$2,603,760$2,402,995$2,956,753
60$3,662,108$2,659,876$2,412,028$3,072,409
61$3,961,923$2,716,490$2,419,111$3,195,947
62$4,289,998$2,773,557$2,424,110$3,328,120
63$4,649,141$2,831,025$2,426,881$3,469,762
64$5,042,446$2,888,837$2,427,274$3,621,794
65$5,473,320$2,946,934$2,425,132$3,785,232
66$5,945,513$3,005,249$2,420,289$3,961,196
67$6,463,159$3,063,710$2,412,572$4,150,924
68$7,030,808$3,122,238$2,401,799$4,355,784
69$7,653,471$3,180,749$2,387,781$4,577,284
70$8,336,670$3,239,150$2,370,316$4,817,089
71$9,086,486$3,297,344$2,349,197$5,077,037
72$9,909,616$3,355,222$2,324,204$5,359,158
73$10,813,439$3,412,671$2,295,107$5,665,691
74$11,806,083$3,469,565$2,261,666$5,999,109
75$12,896,502$3,525,771$2,223,630$6,362,139
76$14,094,558$3,581,147$2,180,735$6,757,795
77$15,411,118$3,635,539$2,132,705$7,189,399
78$16,858,154$3,688,782$2,079,252$7,660,619
79$18,448,852$3,740,699$2,020,074$8,175,504
80$20,197,744$3,791,102$1,954,855$8,738,521
81$22,120,837$3,839,789$1,883,266$9,354,599
82$24,235,767$3,886,543$1,804,960$10,029,177
83$26,561,966$3,931,135$1,719,577$10,768,256
84$29,120,843$3,973,317$1,626,739$11,578,460
85$31,935,987$4,012,827$1,526,052$12,467,093
86$35,033,387$4,049,385$1,417,104$13,442,216
87$38,441,679$4,082,692$1,299,465$14,512,722
88$42,192,416$4,112,430$1,172,683$15,688,421
89$46,320,364$4,138,260$1,036,289$16,980,134
90$50,863,828$4,159,822$889,792$18,399,799
91$55,865,018$4,176,732$732,679$19,960,584
92$61,370,441$4,188,583$564,415$21,677,014
93$67,431,343$4,194,941$384,440$23,565,109
94$74,104,193$4,195,346$192,172$25,642,538
95$81,451,212$4,189,309$0$27,928,791
96$89,540,960$4,176,310$0$30,449,247
97$98,448,987$4,155,798$0$33,285,245
98$108,258,541$4,127,189$0$36,405,651
99$119,061,354$4,089,863$0$39,839,499
100$130,958,507$4,043,162$0$43,618,795