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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.8%
1 years$190,758$189,058$187,401$185,783$184,203$177,667
2 years$94,434$92,676$90,971$89,319$87,716$81,201
3 years$62,331$60,565$58,864$57,227$55,650$49,361
4 years$46,282$44,521$42,838$41,229$39,690$33,674
5 years$36,656$34,905$33,244$31,668$30,172$24,445
6 years$30,240$28,503$26,866$25,325$23,874$18,441
7 years$25,659$23,937$22,326$20,821$19,416$14,276
8 years$22,225$20,518$18,934$17,466$16,107$11,255
9 years$19,556$17,865$16,308$14,877$13,565$8,994
10 years$17,421$15,747$14,218$12,824$11,558$7,262
11 years$15,676$14,019$12,517$11,161$9,940$5,909
12 years$14,223$12,582$11,109$9,790$8,614$4,839
13 years$12,994$11,371$9,925$8,643$7,512$3,982
14 years$11,942$10,336$8,917$7,672$6,585$3,289
15 years$11,031$9,442$8,051$6,842$5,798$2,726
16 years$10,234$8,663$7,300$6,127$5,124$2,266
17 years$9,532$7,978$6,642$5,505$4,543$1,887
18 years$8,909$7,372$6,064$4,961$4,040$1,574
19 years$8,352$6,832$5,551$4,482$3,601$1,315
20 years$7,851$6,349$5,094$4,060$3,216$1,100
21 years$7,398$5,914$4,686$3,684$2,878$921
22 years$6,988$5,520$4,319$3,350$2,580$772
23 years$6,613$5,163$3,988$3,051$2,316$648
24 years$6,270$4,837$3,688$2,783$2,081$543
25 years$5,956$4,540$3,416$2,541$1,873$456
26 years$5,665$4,267$3,168$2,324$1,687$383
27 years$5,397$4,015$2,942$2,127$1,521$322
28 years$5,148$3,784$2,735$1,949$1,372$271
29 years$4,917$3,569$2,545$1,787$1,239$228
30 years$4,702$3,371$2,370$1,640$1,120$191
31 years$4,501$3,187$2,210$1,506$1,012$161
32 years$4,313$3,015$2,062$1,384$916$135
33 years$4,137$2,855$1,925$1,273$829$114
34 years$3,971$2,706$1,799$1,171$750$96
35 years$3,816$2,567$1,682$1,078$680$81
36 years$3,669$2,436$1,573$993$616$68
37 years$3,530$2,314$1,472$915$558$57
38 years$3,399$2,199$1,379$843$506$48
39 years$3,276$2,091$1,292$778$459$40
40 years$3,158$1,990$1,211$717$416$34
41 years$3,047$1,894$1,135$662$378$29
42 years$2,941$1,804$1,065$611$343$24
43 years$2,840$1,719$999$564$311$20
44 years$2,745$1,638$938$520$282$17
45 years$2,653$1,562$881$481$256$14
46 years$2,566$1,490$827$444$233$12
47 years$2,483$1,422$777$410$211$10
48 years$2,404$1,358$730$379$192$9
49 years$2,328$1,296$687$350$174$7
50 years$2,255$1,238$645$324$158$6

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 $4,623 every year, while hoping to spend $23,977 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: 66/6/28 Blend
54$2,310,000$2,310,000$2,310,000$2,310,000
55$2,550,389$2,427,959$2,392,154$2,699,626
56$2,785,017$2,521,417$2,446,779$2,894,377
57$3,042,774$2,618,652$2,502,432$3,104,137
58$3,325,993$2,719,822$2,559,119$3,332,966
59$3,637,245$2,825,094$2,616,851$3,582,747
60$3,979,363$2,934,643$2,675,634$3,855,552
61$4,355,468$3,048,650$2,735,478$4,153,666
62$4,768,996$3,167,305$2,796,387$4,479,602
63$5,223,737$3,290,806$2,858,369$4,836,131
64$5,723,863$3,419,360$2,921,429$5,226,301
65$6,273,971$3,553,183$2,985,571$5,653,473
66$6,879,129$3,692,501$3,050,800$6,121,345
67$7,544,916$3,837,550$3,117,119$6,633,994
68$8,277,484$3,988,576$3,184,528$7,195,907
69$9,083,608$4,145,837$3,253,030$7,812,031
70$9,970,753$4,309,600$3,322,624$8,487,812
71$10,947,147$4,480,148$3,393,309$9,229,251
72$12,021,853$4,657,772$3,465,083$10,042,957
73$13,204,860$4,842,781$3,537,940$10,936,215
74$14,507,172$5,035,493$3,611,877$11,917,046
75$15,940,915$5,236,244$3,686,887$12,994,289
76$17,519,451$5,445,383$3,762,960$14,177,683
77$19,257,504$5,663,275$3,840,088$15,477,956
78$21,171,296$5,890,303$3,918,258$16,906,928
79$23,278,706$6,126,865$3,997,457$18,477,624
80$25,599,431$6,373,379$4,077,670$20,204,392
81$28,155,179$6,630,280$4,158,877$22,103,042
82$30,969,868$6,898,025$4,241,061$24,190,995
83$34,069,856$7,177,089$4,324,197$26,487,444
84$37,484,186$7,467,971$4,408,262$29,013,537
85$41,244,862$7,771,191$4,493,229$31,792,576
86$45,387,152$8,087,293$4,579,066$34,850,239
87$49,949,918$8,416,847$4,665,741$38,214,816
88$54,975,984$8,760,447$4,753,218$41,917,483
89$60,512,541$9,118,716$4,841,457$45,992,588
90$66,611,590$9,492,303$4,930,416$50,477,983
91$73,330,436$9,881,889$5,020,049$55,415,376
92$80,732,225$10,288,186$5,110,305$60,850,725
93$88,886,542$10,711,937$5,201,130$66,834,672
94$97,870,067$11,153,920$5,292,466$73,423,021
95$107,767,301$11,614,949$5,384,250$80,677,262
96$118,671,358$12,095,875$5,476,415$88,665,157
97$130,684,851$12,597,587$5,568,890$97,461,370
98$143,920,855$13,121,017$5,661,596$107,148,180
99$158,503,974$13,667,139$5,754,452$117,816,253
100$174,571,522$14,236,972$5,847,369$129,565,499