Can I retire at age 55 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$189,106$187,422$185,778$184,174$182,608$181,762
2 years$93,617$91,873$90,184$88,545$86,956$86,102
3 years$61,791$60,040$58,355$56,732$55,169$54,333
4 years$45,882$44,136$42,467$40,872$39,347$38,536
5 years$36,338$34,603$32,956$31,394$29,911$29,128
6 years$29,978$28,256$26,634$25,106$23,667$22,913
7 years$25,437$23,729$22,133$20,641$19,248$18,522
8 years$22,033$20,340$18,770$17,315$15,968$15,271
9 years$19,386$17,710$16,167$14,749$13,447$12,779
10 years$17,270$15,611$14,095$12,713$11,458$10,817
11 years$15,540$13,897$12,409$11,065$9,854$9,242
12 years$14,100$12,473$11,012$9,705$8,539$7,954
13 years$12,882$11,272$9,839$8,568$7,446$6,888
14 years$11,838$10,246$8,840$7,606$6,528$5,995
15 years$10,935$9,360$7,982$6,783$5,747$5,241
16 years$10,146$8,588$7,236$6,073$5,080$4,598
17 years$9,450$7,909$6,585$5,457$4,504$4,046
18 years$8,832$7,308$6,011$4,918$4,005$3,571
19 years$8,279$6,773$5,503$4,444$3,569$3,158
20 years$7,783$6,294$5,050$4,025$3,188$2,799
21 years$7,334$5,863$4,645$3,653$2,853$2,485
22 years$6,927$5,472$4,281$3,321$2,557$2,209
23 years$6,556$5,118$3,953$3,025$2,296$1,967
24 years$6,216$4,796$3,656$2,759$2,063$1,753
25 years$5,904$4,500$3,386$2,519$1,857$1,565
26 years$5,616$4,230$3,140$2,303$1,673$1,397
27 years$5,350$3,981$2,916$2,108$1,508$1,249
28 years$5,104$3,751$2,711$1,932$1,361$1,117
29 years$4,875$3,539$2,523$1,771$1,229$1,000
30 years$4,661$3,342$2,350$1,626$1,110$896
31 years$4,462$3,159$2,191$1,493$1,004$803
32 years$4,276$2,989$2,044$1,372$908$720
33 years$4,101$2,831$1,908$1,262$822$646
34 years$3,937$2,683$1,783$1,161$744$579
35 years$3,783$2,545$1,667$1,069$674$520
36 years$3,637$2,415$1,560$984$610$467
37 years$3,500$2,294$1,460$907$553$419
38 years$3,370$2,180$1,367$836$502$376
39 years$3,247$2,073$1,281$771$455$338
40 years$3,131$1,972$1,200$711$413$304
41 years$3,020$1,877$1,126$656$374$273
42 years$2,916$1,788$1,056$605$340$246
43 years$2,816$1,704$991$559$308$221
44 years$2,721$1,624$930$516$280$198
45 years$2,630$1,549$873$477$254$178
46 years$2,544$1,477$820$440$231$160
47 years$2,462$1,410$771$407$209$144
48 years$2,383$1,346$724$376$190$130
49 years$2,308$1,285$681$347$173$117
50 years$2,236$1,228$640$321$157$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,290,000, adding $5,104 every year, while hoping to spend $27,051 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$2,290,000$2,290,000$2,290,000$2,290,000
55$2,528,845$2,407,475$2,371,980$2,609,652
56$2,758,005$2,496,659$2,422,659$2,757,928
57$3,009,633$2,589,307$2,474,129$2,915,340
58$3,285,991$2,685,559$2,526,389$3,085,123
59$3,589,574$2,785,563$2,579,434$3,268,426
60$3,923,127$2,889,472$2,633,262$3,466,512
61$4,289,676$2,997,446$2,687,866$3,680,769
62$4,692,554$3,109,652$2,743,241$3,912,722
63$5,135,434$3,226,264$2,799,379$4,164,049
64$5,622,361$3,347,464$2,856,271$4,436,592
65$6,157,793$3,473,440$2,913,907$4,732,379
66$6,746,640$3,604,391$2,972,275$5,053,640
67$7,394,313$3,740,522$3,031,362$5,402,829
68$8,106,774$3,882,049$3,091,154$5,782,642
69$8,890,590$4,029,195$3,151,633$6,196,049
70$9,752,999$4,182,194$3,212,781$6,646,315
71$10,701,974$4,341,290$3,274,578$7,137,034
72$11,746,300$4,506,738$3,337,001$7,672,161
73$12,895,659$4,678,805$3,400,027$8,256,048
74$14,160,716$4,857,766$3,463,628$8,893,485
75$15,553,225$5,043,912$3,527,775$9,589,746
76$17,086,135$5,237,545$3,592,437$10,350,634
77$18,773,716$5,438,980$3,657,579$11,182,539
78$20,631,691$5,648,547$3,723,164$12,092,496
79$22,677,386$5,866,588$3,789,153$13,088,250
80$24,929,892$6,093,463$3,855,502$14,178,329
81$27,410,245$6,329,547$3,922,165$15,372,122
82$30,141,625$6,575,230$3,989,093$16,679,968
83$33,149,576$6,830,921$4,056,232$18,113,254
84$36,462,243$7,097,046$4,123,526$19,684,518
85$40,110,641$7,374,051$4,190,914$21,407,570
86$44,128,947$7,662,400$4,258,330$23,297,616
87$48,554,822$7,962,580$4,325,706$25,371,408
88$53,429,764$8,275,097$4,392,968$27,647,392
89$58,799,505$8,600,482$4,460,037$30,145,889
90$64,714,437$8,939,287$4,526,830$32,889,280
91$71,230,088$9,292,092$4,593,258$35,902,218
92$78,407,652$9,659,499$4,659,227$39,211,859
93$86,314,559$10,042,140$4,724,637$42,848,117
94$95,025,113$10,440,675$4,789,382$46,843,946
95$104,621,198$10,855,791$4,853,350$51,235,646
96$115,193,045$11,288,209$4,916,422$56,063,206
97$126,840,085$11,738,681$4,978,472$61,370,683
98$139,671,890$12,207,993$5,039,367$67,206,610
99$153,809,204$12,696,966$5,098,966$73,624,457
100$169,385,083$13,206,457$5,157,122$80,683,130