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%17.9%
1 years$189,106$187,422$185,778$184,174$182,608$176,762
2 years$93,617$91,873$90,184$88,545$86,956$81,121
3 years$61,791$60,040$58,355$56,732$55,169$49,527
4 years$45,882$44,136$42,467$40,872$39,347$33,941
5 years$36,338$34,603$32,956$31,394$29,911$24,756
6 years$29,978$28,256$26,634$25,106$23,667$18,768
7 years$25,437$23,729$22,133$20,641$19,248$14,604
8 years$22,033$20,340$18,770$17,315$15,968$11,575
9 years$19,386$17,710$16,167$14,749$13,447$9,301
10 years$17,270$15,611$14,095$12,713$11,458$7,552
11 years$15,540$13,897$12,409$11,065$9,854$6,181
12 years$14,100$12,473$11,012$9,705$8,539$5,092
13 years$12,882$11,272$9,839$8,568$7,446$4,216
14 years$11,838$10,246$8,840$7,606$6,528$3,505
15 years$10,935$9,360$7,982$6,783$5,747$2,924
16 years$10,146$8,588$7,236$6,073$5,080$2,445
17 years$9,450$7,909$6,585$5,457$4,504$2,050
18 years$8,832$7,308$6,011$4,918$4,005$1,722
19 years$8,279$6,773$5,503$4,444$3,569$1,449
20 years$7,783$6,294$5,050$4,025$3,188$1,220
21 years$7,334$5,863$4,645$3,653$2,853$1,029
22 years$6,927$5,472$4,281$3,321$2,557$868
23 years$6,556$5,118$3,953$3,025$2,296$733
24 years$6,216$4,796$3,656$2,759$2,063$620
25 years$5,904$4,500$3,386$2,519$1,857$524
26 years$5,616$4,230$3,140$2,303$1,673$444
27 years$5,350$3,981$2,916$2,108$1,508$375
28 years$5,104$3,751$2,711$1,932$1,361$318
29 years$4,875$3,539$2,523$1,771$1,229$269
30 years$4,661$3,342$2,350$1,626$1,110$228
31 years$4,462$3,159$2,191$1,493$1,004$193
32 years$4,276$2,989$2,044$1,372$908$164
33 years$4,101$2,831$1,908$1,262$822$139
34 years$3,937$2,683$1,783$1,161$744$118
35 years$3,783$2,545$1,667$1,069$674$100
36 years$3,637$2,415$1,560$984$610$85
37 years$3,500$2,294$1,460$907$553$72
38 years$3,370$2,180$1,367$836$502$61
39 years$3,247$2,073$1,281$771$455$52
40 years$3,131$1,972$1,200$711$413$44
41 years$3,020$1,877$1,126$656$374$37
42 years$2,916$1,788$1,056$605$340$31
43 years$2,816$1,704$991$559$308$27
44 years$2,721$1,624$930$516$280$23
45 years$2,630$1,549$873$477$254$19
46 years$2,544$1,477$820$440$231$16
47 years$2,462$1,410$771$407$209$14
48 years$2,383$1,346$724$376$190$12
49 years$2,308$1,285$681$347$173$10
50 years$2,236$1,228$640$321$157$8

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 $5,618 every year, while hoping to spend $27,547 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: 54/22/24 Blend
54$2,290,000$2,290,000$2,290,000$2,290,000
55$2,529,375$2,408,005$2,372,510$2,648,949
56$2,758,061$2,496,687$2,422,679$2,820,540
57$3,009,151$2,588,792$2,473,606$3,003,914
58$3,284,899$2,684,457$2,525,286$3,202,973
59$3,587,791$2,783,828$2,577,716$3,419,228
60$3,920,564$2,887,055$2,630,888$3,654,341
61$4,286,235$2,994,294$2,684,797$3,910,143
62$4,688,127$3,105,710$2,739,433$4,188,644
63$5,129,900$3,221,474$2,794,788$4,492,063
64$5,615,586$3,341,762$2,850,849$4,822,835
65$6,149,629$3,466,762$2,907,606$5,183,646
66$6,736,924$3,596,666$2,965,044$5,577,450
67$7,382,864$3,731,676$3,023,146$6,007,498
68$8,093,391$3,872,003$3,081,897$6,477,372
69$8,875,052$4,017,867$3,141,276$6,991,013
70$9,735,061$4,169,496$3,201,262$7,552,761
71$10,681,366$4,327,130$3,261,833$8,167,397
72$11,722,724$4,491,018$3,322,963$8,840,181
73$12,868,784$4,661,420$3,384,624$9,576,910
74$14,130,177$4,838,607$3,446,787$10,383,966
75$15,518,619$5,022,863$3,509,418$11,268,377
76$17,047,019$5,214,483$3,572,484$12,237,885
77$18,729,598$5,413,776$3,635,945$13,301,014
78$20,582,029$5,621,063$3,699,762$14,467,157
79$22,621,581$5,836,681$3,763,889$15,746,655
80$24,867,284$6,060,980$3,828,281$17,150,903
81$27,340,105$6,294,326$3,892,887$18,692,449
82$30,063,149$6,537,101$3,957,652$20,385,118
83$33,061,876$6,789,705$4,022,518$22,244,139
84$36,364,340$7,052,553$4,087,425$24,286,286
85$40,001,455$7,326,080$4,152,306$26,530,041
86$44,007,286$7,610,741$4,217,091$28,995,762
87$48,419,371$7,907,009$4,281,705$31,705,878
88$53,279,074$8,215,379$4,346,070$34,685,099
89$58,631,975$8,536,369$4,410,099$37,960,648
90$64,528,304$8,870,518$4,473,704$41,562,516
91$71,023,408$9,218,390$4,536,790$45,523,748
92$78,178,278$9,580,574$4,599,256$49,880,749
93$86,060,126$9,957,686$4,660,994$54,673,631
94$94,743,013$10,350,367$4,721,892$59,946,587
95$104,308,555$10,759,290$4,781,830$65,748,309
96$114,846,688$11,185,155$4,840,681$72,132,448
97$126,456,517$11,628,695$4,898,311$79,158,116
98$139,247,257$12,090,675$4,954,580$86,890,446
99$153,339,255$12,571,897$5,009,336$95,401,201
100$168,865,134$13,073,194$5,062,424$104,769,457