Can I retire at age 55 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$188,280$186,603$184,967$183,370$181,810$179,688
2 years$93,208$91,472$89,790$88,159$86,576$84,440
3 years$61,521$59,778$58,100$56,484$54,928$52,843
4 years$45,681$43,943$42,282$40,694$39,175$37,159
5 years$36,180$34,452$32,812$31,257$29,780$27,839
6 years$29,847$28,133$26,517$24,996$23,564$21,699
7 years$25,326$23,626$22,036$20,551$19,164$17,377
8 years$21,936$20,252$18,688$17,239$15,898$14,188
9 years$19,302$17,633$16,096$14,684$13,389$11,756
10 years$17,195$15,542$14,033$12,658$11,408$9,850
11 years$15,472$13,836$12,354$11,016$9,811$8,328
12 years$14,038$12,419$10,964$9,663$8,502$7,091
13 years$12,825$11,223$9,796$8,531$7,414$6,074
14 years$11,787$10,201$8,802$7,573$6,499$5,228
15 years$10,887$9,319$7,947$6,753$5,722$4,518
16 years$10,101$8,550$7,205$6,047$5,057$3,918
17 years$9,408$7,874$6,556$5,433$4,484$3,408
18 years$8,793$7,276$5,985$4,896$3,987$2,971
19 years$8,243$6,744$5,479$4,424$3,554$2,596
20 years$7,749$6,266$5,028$4,007$3,174$2,272
21 years$7,302$5,837$4,625$3,637$2,841$1,992
22 years$6,897$5,449$4,263$3,307$2,546$1,749
23 years$6,527$5,096$3,936$3,011$2,286$1,537
24 years$6,189$4,775$3,640$2,747$2,054$1,352
25 years$5,878$4,481$3,371$2,508$1,849$1,191
26 years$5,592$4,211$3,127$2,293$1,665$1,050
27 years$5,327$3,963$2,903$2,099$1,501$926
28 years$5,082$3,734$2,699$1,923$1,355$817
29 years$4,854$3,523$2,512$1,764$1,223$721
30 years$4,641$3,327$2,340$1,619$1,105$637
31 years$4,443$3,145$2,181$1,487$999$563
32 years$4,257$2,976$2,035$1,366$904$498
33 years$4,083$2,818$1,900$1,256$818$440
34 years$3,920$2,671$1,775$1,156$741$390
35 years$3,766$2,534$1,660$1,064$671$345
36 years$3,621$2,405$1,553$980$608$305
37 years$3,484$2,284$1,453$903$551$270
38 years$3,355$2,171$1,361$832$499$239
39 years$3,233$2,064$1,275$767$453$212
40 years$3,117$1,964$1,195$708$411$187
41 years$3,007$1,869$1,121$653$373$166
42 years$2,903$1,780$1,051$603$338$147
43 years$2,803$1,696$986$556$307$130
44 years$2,709$1,617$926$514$279$115
45 years$2,619$1,542$869$474$253$102
46 years$2,533$1,471$817$438$230$91
47 years$2,451$1,404$767$405$209$80
48 years$2,373$1,340$721$374$189$71
49 years$2,298$1,280$678$346$172$63
50 years$2,226$1,222$637$320$156$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,280,000, adding $3,378 every year, while hoping to spend $42,899 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: 46/49/5 Blend
54$2,280,000$2,280,000$2,280,000$2,280,000
55$2,516,044$2,395,204$2,359,864$2,628,285
56$2,727,037$2,466,925$2,393,276$2,777,400
57$2,958,112$2,540,723$2,426,368$2,934,284
58$3,211,275$2,616,653$2,459,087$3,103,445
59$3,488,730$2,694,774$2,491,371$3,286,027
60$3,792,908$2,775,145$2,523,159$3,483,289
61$4,126,484$2,857,827$2,554,385$3,696,616
62$4,492,405$2,942,881$2,584,977$3,927,531
63$4,893,919$3,030,370$2,614,862$4,177,707
64$5,334,601$3,120,361$2,643,962$4,448,987
65$5,818,390$3,212,918$2,672,195$4,743,397
66$6,349,625$3,308,110$2,699,472$5,063,168
67$6,933,085$3,406,005$2,725,702$5,410,752
68$7,574,035$3,506,675$2,750,789$5,788,851
69$8,278,277$3,610,192$2,774,630$6,200,438
70$9,052,199$3,716,630$2,797,119$6,648,782
71$9,902,842$3,826,063$2,818,141$7,137,488
72$10,837,961$3,938,569$2,837,577$7,670,518
73$11,866,100$4,054,226$2,855,304$8,252,239
74$12,996,674$4,173,115$2,871,188$8,887,457
75$14,240,053$4,295,316$2,885,091$9,581,464
76$15,607,665$4,420,914$2,896,869$10,340,089
77$17,112,100$4,549,992$2,906,367$11,169,750
78$18,767,230$4,682,637$2,913,426$12,077,514
79$20,588,339$4,818,937$2,917,877$13,071,167
80$22,592,266$4,958,982$2,919,542$14,159,281
81$24,797,568$5,102,862$2,918,237$15,351,301
82$27,224,688$5,250,671$2,913,767$16,657,627
83$29,896,154$5,402,502$2,905,926$18,089,718
84$32,836,788$5,558,450$2,894,500$19,660,195
85$36,073,940$5,718,614$2,879,266$21,382,959
86$39,637,748$5,883,092$2,859,987$23,273,328
87$43,561,418$6,051,984$2,836,417$25,348,173
88$47,881,542$6,225,390$2,808,296$27,626,083
89$52,638,440$6,403,415$2,775,354$30,127,536
90$57,876,540$6,586,162$2,737,308$32,875,092
91$63,644,799$6,773,736$2,693,860$35,893,607
92$69,997,164$6,966,244$2,644,700$39,210,468
93$76,993,079$7,163,794$2,589,501$42,855,846
94$84,698,047$7,366,494$2,527,924$46,862,985
95$93,184,250$7,574,454$2,459,611$51,268,514
96$102,531,226$7,787,785$2,384,191$56,112,790
97$112,826,622$8,006,598$2,301,272$61,440,280
98$124,167,021$8,231,005$2,210,449$67,299,981
99$136,658,851$8,461,118$2,111,293$73,745,881
100$150,419,392$8,697,051$2,003,359$80,837,465