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%20%
1 years$189,106$187,422$185,778$184,174$182,608$175,293
2 years$93,617$91,873$90,184$88,545$86,956$79,679
3 years$61,791$60,040$58,355$56,732$55,169$48,158
4 years$45,882$44,136$42,467$40,872$39,347$32,655
5 years$36,338$34,603$32,956$31,394$29,911$23,556
6 years$29,978$28,256$26,634$25,106$23,667$17,653
7 years$25,437$23,729$22,133$20,641$19,248$13,572
8 years$22,033$20,340$18,770$17,315$15,968$10,624
9 years$19,386$17,710$16,167$14,749$13,447$8,428
10 years$17,270$15,611$14,095$12,713$11,458$6,753
11 years$15,540$13,897$12,409$11,065$9,854$5,452
12 years$14,100$12,473$11,012$9,705$8,539$4,429
13 years$12,882$11,272$9,839$8,568$7,446$3,615
14 years$11,838$10,246$8,840$7,606$6,528$2,961
15 years$10,935$9,360$7,982$6,783$5,747$2,433
16 years$10,146$8,588$7,236$6,073$5,080$2,005
17 years$9,450$7,909$6,585$5,457$4,504$1,655
18 years$8,832$7,308$6,011$4,918$4,005$1,368
19 years$8,279$6,773$5,503$4,444$3,569$1,133
20 years$7,783$6,294$5,050$4,025$3,188$939
21 years$7,334$5,863$4,645$3,653$2,853$779
22 years$6,927$5,472$4,281$3,321$2,557$647
23 years$6,556$5,118$3,953$3,025$2,296$537
24 years$6,216$4,796$3,656$2,759$2,063$447
25 years$5,904$4,500$3,386$2,519$1,857$371
26 years$5,616$4,230$3,140$2,303$1,673$309
27 years$5,350$3,981$2,916$2,108$1,508$257
28 years$5,104$3,751$2,711$1,932$1,361$214
29 years$4,875$3,539$2,523$1,771$1,229$178
30 years$4,661$3,342$2,350$1,626$1,110$148
31 years$4,462$3,159$2,191$1,493$1,004$124
32 years$4,276$2,989$2,044$1,372$908$103
33 years$4,101$2,831$1,908$1,262$822$86
34 years$3,937$2,683$1,783$1,161$744$71
35 years$3,783$2,545$1,667$1,069$674$59
36 years$3,637$2,415$1,560$984$610$50
37 years$3,500$2,294$1,460$907$553$41
38 years$3,370$2,180$1,367$836$502$34
39 years$3,247$2,073$1,281$771$455$29
40 years$3,131$1,972$1,200$711$413$24
41 years$3,020$1,877$1,126$656$374$20
42 years$2,916$1,788$1,056$605$340$17
43 years$2,816$1,704$991$559$308$14
44 years$2,721$1,624$930$516$280$12
45 years$2,630$1,549$873$477$254$10
46 years$2,544$1,477$820$440$231$8
47 years$2,462$1,410$771$407$209$7
48 years$2,383$1,346$724$376$190$6
49 years$2,308$1,285$681$347$173$5
50 years$2,236$1,228$640$321$157$4

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 $6,490 every year, while hoping to spend $39,094 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: 78/14/8 Blend
54$2,290,000$2,290,000$2,290,000$2,290,000
55$2,530,274$2,408,904$2,373,409$2,724,331
56$2,746,767$2,485,345$2,411,323$2,929,083
57$2,984,031$2,564,221$2,449,196$3,147,858
58$3,244,145$2,645,610$2,486,987$3,386,639
59$3,529,396$2,729,594$2,524,649$3,647,401
60$3,842,304$2,816,254$2,562,135$3,932,319
61$4,185,646$2,905,677$2,599,394$4,243,788
62$4,562,479$2,997,953$2,636,371$4,584,443
63$4,976,171$3,093,171$2,673,008$4,957,190
64$5,430,431$3,191,427$2,709,244$5,365,225
65$5,929,347$3,292,819$2,745,015$5,812,070
66$6,477,419$3,397,446$2,780,253$6,301,605
67$7,079,609$3,505,414$2,814,884$6,838,101
68$7,741,379$3,616,829$2,848,832$7,426,266
69$8,468,748$3,731,802$2,882,017$8,071,281
70$9,268,348$3,850,448$2,914,352$8,778,858
71$10,147,485$3,972,885$2,945,748$9,555,286
72$11,114,207$4,099,235$2,976,109$10,407,493
73$12,177,383$4,229,624$3,005,336$11,343,114
74$13,346,782$4,364,182$3,033,321$12,370,556
75$14,633,171$4,503,044$3,059,954$13,499,083
76$16,048,409$4,646,348$3,085,117$14,738,902
77$17,605,565$4,794,238$3,108,687$16,101,256
78$19,319,038$4,946,861$3,130,534$17,598,533
79$21,204,693$5,104,370$3,150,519$19,244,382
80$23,280,011$5,266,923$3,168,501$21,053,840
81$25,564,253$5,434,683$3,184,327$23,043,474
82$28,078,643$5,607,819$3,197,838$25,231,540
83$30,846,566$5,786,503$3,208,866$27,638,151
84$33,893,789$5,970,916$3,217,237$30,285,468
85$37,248,707$6,161,242$3,222,767$33,197,908
86$40,942,606$6,357,674$3,225,260$36,402,377
87$45,009,961$6,560,408$3,224,515$39,928,520
88$49,488,758$6,769,650$3,220,318$43,809,003
89$54,420,859$6,985,610$3,212,445$48,079,818
90$59,852,387$7,208,505$3,200,662$52,780,628
91$65,834,170$7,438,561$3,184,724$57,955,132
92$72,422,215$7,676,011$3,164,372$63,651,487
93$79,678,239$7,921,093$3,139,337$69,922,755
94$87,670,249$8,174,057$3,109,335$76,827,405
95$96,473,187$8,435,158$3,074,070$84,429,867
96$106,169,633$8,704,661$3,033,232$92,801,138
97$116,850,585$8,982,840$2,986,495$102,019,451
98$128,616,322$9,269,976$2,933,520$112,171,012
99$141,577,344$9,566,362$2,873,950$123,350,820
100$155,855,418$9,872,299$2,807,412$135,663,553