Can I retire at age 55 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$190,758$189,058$187,401$185,783$184,203$181,002
2 years$94,434$92,676$90,971$89,319$87,716$84,501
3 years$62,331$60,565$58,864$57,227$55,650$52,523
4 years$46,282$44,521$42,838$41,229$39,690$36,673
5 years$36,656$34,905$33,244$31,668$30,172$27,274
6 years$30,240$28,503$26,866$25,325$23,874$21,099
7 years$25,659$23,937$22,326$20,821$19,416$16,764
8 years$22,225$20,518$18,934$17,466$16,107$13,578
9 years$19,556$17,865$16,308$14,877$13,565$11,157
10 years$17,421$15,747$14,218$12,824$11,558$9,270
11 years$15,676$14,019$12,517$11,161$9,940$7,769
12 years$14,223$12,582$11,109$9,790$8,614$6,556
13 years$12,994$11,371$9,925$8,643$7,512$5,564
14 years$11,942$10,336$8,917$7,672$6,585$4,745
15 years$11,031$9,442$8,051$6,842$5,798$4,062
16 years$10,234$8,663$7,300$6,127$5,124$3,488
17 years$9,532$7,978$6,642$5,505$4,543$3,004
18 years$8,909$7,372$6,064$4,961$4,040$2,592
19 years$8,352$6,832$5,551$4,482$3,601$2,242
20 years$7,851$6,349$5,094$4,060$3,216$1,942
21 years$7,398$5,914$4,686$3,684$2,878$1,685
22 years$6,988$5,520$4,319$3,350$2,580$1,463
23 years$6,613$5,163$3,988$3,051$2,316$1,272
24 years$6,270$4,837$3,688$2,783$2,081$1,107
25 years$5,956$4,540$3,416$2,541$1,873$965
26 years$5,665$4,267$3,168$2,324$1,687$841
27 years$5,397$4,015$2,942$2,127$1,521$733
28 years$5,148$3,784$2,735$1,949$1,372$640
29 years$4,917$3,569$2,545$1,787$1,239$558
30 years$4,702$3,371$2,370$1,640$1,120$488
31 years$4,501$3,187$2,210$1,506$1,012$426
32 years$4,313$3,015$2,062$1,384$916$372
33 years$4,137$2,855$1,925$1,273$829$325
34 years$3,971$2,706$1,799$1,171$750$285
35 years$3,816$2,567$1,682$1,078$680$249
36 years$3,669$2,436$1,573$993$616$218
37 years$3,530$2,314$1,472$915$558$190
38 years$3,399$2,199$1,379$843$506$167
39 years$3,276$2,091$1,292$778$459$146
40 years$3,158$1,990$1,211$717$416$127
41 years$3,047$1,894$1,135$662$378$112
42 years$2,941$1,804$1,065$611$343$98
43 years$2,840$1,719$999$564$311$85
44 years$2,745$1,638$938$520$282$75
45 years$2,653$1,562$881$481$256$65
46 years$2,566$1,490$827$444$233$57
47 years$2,483$1,422$777$410$211$50
48 years$2,404$1,358$730$379$192$44
49 years$2,328$1,296$687$350$174$38
50 years$2,255$1,238$645$324$158$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,310,000, adding $4,554 every year, while hoping to spend $28,078 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: 85/8/7 Blend
54$2,310,000$2,310,000$2,310,000$2,310,000
55$2,550,317$2,427,887$2,392,082$2,765,249
56$2,780,575$2,516,979$2,442,342$2,995,258
57$3,033,378$2,609,495$2,493,345$3,243,600
58$3,310,996$2,705,574$2,545,086$3,515,541
59$3,615,930$2,805,359$2,597,558$3,813,436
60$3,950,934$2,909,001$2,650,756$4,139,876
61$4,319,043$3,016,656$2,704,670$4,497,718
62$4,723,601$3,128,488$2,759,292$4,890,106
63$5,168,290$3,244,665$2,814,610$5,320,503
64$5,657,167$3,365,366$2,870,611$5,792,724
65$6,194,705$3,490,775$2,927,283$6,310,972
66$6,785,827$3,621,086$2,984,609$6,879,874
67$7,435,960$3,756,498$3,042,573$7,504,531
68$8,151,084$3,897,222$3,101,154$8,190,557
69$8,937,784$4,043,476$3,160,333$8,944,142
70$9,803,320$4,195,488$3,220,086$9,772,100
71$10,755,687$4,353,495$3,280,388$10,681,940
72$11,803,698$4,517,747$3,341,211$11,681,935
73$12,957,060$4,688,501$3,402,526$12,781,198
74$14,226,470$4,866,028$3,464,301$13,989,770
75$15,623,716$5,050,609$3,526,501$15,318,713
76$17,161,784$5,242,539$3,589,088$16,780,214
77$18,854,986$5,442,122$3,652,022$18,387,701
78$20,719,089$5,649,681$3,715,259$20,155,967
79$22,771,469$5,865,548$3,778,753$22,101,313
80$25,031,271$6,090,072$3,842,454$24,241,699
81$27,519,592$6,323,617$3,906,307$26,596,912
82$30,259,678$6,566,562$3,970,256$29,188,755
83$33,277,145$6,819,304$4,034,240$32,041,251
84$36,600,220$7,082,256$4,098,193$35,180,871
85$40,260,006$7,355,850$4,162,046$38,636,781
86$44,290,777$7,640,536$4,225,725$42,441,117
87$48,730,300$7,936,787$4,289,151$46,629,290
88$53,620,193$8,245,092$4,352,240$51,240,319
89$59,006,317$8,565,966$4,414,904$56,317,198
90$64,939,207$8,899,943$4,477,049$61,907,302
91$71,474,550$9,247,584$4,538,574$68,062,834
92$78,673,711$9,609,473$4,599,373$74,841,316
93$86,604,313$9,986,221$4,659,336$82,306,133
94$95,340,872$10,378,464$4,718,342$90,527,129
95$104,965,501$10,786,870$4,776,267$99,581,268
96$115,568,689$11,212,133$4,832,979$109,553,358
97$127,250,148$11,654,980$4,888,336$120,536,851
98$140,119,759$12,116,170$4,942,191$132,634,727
99$154,298,609$12,596,497$4,994,389$145,960,463
100$169,920,130$13,096,788$5,044,764$160,639,103