Can I retire at age 55 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$189,932$188,240$186,589$184,978$183,405$178,249
2 years$94,026$92,275$90,577$88,932$87,336$82,180
3 years$62,061$60,302$58,610$56,980$55,409$50,416
4 years$46,082$44,329$42,653$41,051$39,518$34,726
5 years$36,497$34,754$33,100$31,531$30,041$25,462
6 years$30,109$28,379$26,750$25,215$23,771$19,409
7 years$25,548$23,833$22,229$20,731$19,332$15,189
8 years$22,129$20,429$18,852$17,391$16,038$12,110
9 years$19,471$17,787$16,237$14,813$13,506$9,790
10 years$17,346$15,679$14,156$12,769$11,508$7,999
11 years$15,608$13,958$12,463$11,113$9,897$6,590
12 years$14,161$12,528$11,060$9,747$8,577$5,464
13 years$12,938$11,321$9,882$8,606$7,479$4,555
14 years$11,890$10,291$8,879$7,639$6,556$3,813
15 years$10,983$9,401$8,016$6,813$5,772$3,203
16 years$10,190$8,625$7,268$6,100$5,102$2,699
17 years$9,491$7,943$6,614$5,481$4,524$2,279
18 years$8,870$7,340$6,037$4,939$4,022$1,928
19 years$8,316$6,803$5,527$4,463$3,585$1,635
20 years$7,817$6,321$5,072$4,042$3,202$1,387
21 years$7,366$5,888$4,666$3,669$2,866$1,179
22 years$6,957$5,496$4,300$3,336$2,569$1,003
23 years$6,585$5,141$3,970$3,038$2,306$854
24 years$6,243$4,816$3,672$2,771$2,072$727
25 years$5,930$4,520$3,401$2,530$1,865$620
26 years$5,641$4,248$3,154$2,314$1,680$529
27 years$5,374$3,998$2,929$2,118$1,514$451
28 years$5,126$3,767$2,723$1,940$1,367$385
29 years$4,896$3,554$2,534$1,779$1,234$329
30 years$4,682$3,356$2,360$1,633$1,115$281
31 years$4,482$3,173$2,200$1,500$1,008$240
32 years$4,294$3,002$2,053$1,378$912$205
33 years$4,119$2,843$1,917$1,267$825$175
34 years$3,954$2,695$1,791$1,166$747$150
35 years$3,799$2,556$1,674$1,073$677$128
36 years$3,653$2,426$1,566$989$613$109
37 years$3,515$2,304$1,466$911$556$94
38 years$3,385$2,190$1,373$840$504$80
39 years$3,261$2,082$1,286$774$457$68
40 years$3,144$1,981$1,206$714$414$59
41 years$3,034$1,886$1,131$659$376$50
42 years$2,928$1,796$1,060$608$341$43
43 years$2,828$1,711$995$561$310$37
44 years$2,733$1,631$934$518$281$31
45 years$2,642$1,555$877$479$255$27
46 years$2,555$1,484$824$442$232$23
47 years$2,473$1,416$774$408$210$20
48 years$2,393$1,352$727$377$191$17
49 years$2,318$1,291$684$349$173$14
50 years$2,246$1,233$643$322$158$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,300,000, adding $2,582 every year, while hoping to spend $20,890 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: 30/41/29 Blend
54$2,300,000$2,300,000$2,300,000$2,300,000
55$2,537,263$2,415,363$2,379,713$2,590,718
56$2,773,837$2,511,489$2,437,207$2,729,007
57$3,033,842$2,611,625$2,495,926$2,875,674
58$3,319,645$2,715,946$2,555,891$3,033,043
59$3,633,854$2,824,633$2,617,119$3,202,062
60$3,979,345$2,937,878$2,679,630$3,383,768
61$4,359,283$3,055,879$2,743,443$3,579,300
62$4,777,157$3,178,844$2,808,575$3,789,906
63$5,236,811$3,306,991$2,875,046$4,016,956
64$5,742,480$3,440,548$2,942,874$4,261,953
65$6,298,830$3,579,751$3,012,078$4,526,548
66$6,911,001$3,724,850$3,082,673$4,812,552
67$7,584,660$3,876,104$3,154,679$5,121,955
68$8,326,047$4,033,785$3,228,113$5,456,944
69$9,142,039$4,198,177$3,302,990$5,819,917
70$10,040,215$4,369,575$3,379,328$6,213,514
71$11,028,925$4,548,291$3,457,143$6,640,633
72$12,117,367$4,734,650$3,536,450$7,104,459
73$13,315,681$4,928,990$3,617,263$7,608,496
74$14,635,036$5,131,667$3,699,597$8,156,593
75$16,087,743$5,343,051$3,783,466$8,752,982
76$17,687,363$5,563,531$3,868,883$9,402,320
77$19,448,842$5,793,512$3,955,859$10,109,724
78$21,388,650$6,033,420$4,044,406$10,880,827
79$23,524,932$6,283,698$4,134,534$11,721,820
80$25,877,687$6,544,811$4,226,252$12,639,518
81$28,468,949$6,817,244$4,319,569$13,641,418
82$31,322,999$7,101,507$4,414,492$14,735,767
83$34,466,594$7,398,130$4,511,027$15,931,642
84$37,929,219$7,707,670$4,609,179$17,239,031
85$41,743,362$8,030,709$4,708,949$18,668,926
86$45,944,828$8,367,856$4,810,341$20,233,427
87$50,573,067$8,719,748$4,913,355$21,945,850
88$55,671,556$9,087,051$5,017,988$23,820,855
89$61,288,201$9,470,464$5,124,237$25,874,578
90$67,475,796$9,870,715$5,232,098$28,124,786
91$74,292,516$10,288,569$5,341,562$30,591,038
92$81,802,468$10,724,824$5,452,620$33,294,868
93$90,076,298$11,180,318$5,565,260$36,259,989
94$99,191,852$11,655,925$5,679,468$39,512,508
95$109,234,917$12,152,562$5,795,226$43,081,176
96$120,300,028$12,671,187$5,912,516$46,997,652
97$132,491,360$13,212,804$6,031,314$51,296,802
98$145,923,710$13,778,463$6,151,595$56,017,022
99$160,723,585$14,369,264$6,273,329$61,200,600
100$177,030,389$14,986,357$6,396,485$66,894,107