Can I retire at age 55 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$191,583$189,877$188,212$186,587$185,000$178,507
2 years$94,843$93,077$91,365$89,705$88,095$81,622
3 years$62,601$60,827$59,119$57,475$55,891$49,641
4 years$46,483$44,714$43,024$41,408$39,862$33,883
5 years$36,814$35,056$33,388$31,805$30,303$24,609
6 years$30,371$28,626$26,983$25,435$23,977$18,575
7 years$25,770$24,040$22,423$20,911$19,500$14,387
8 years$22,321$20,607$19,016$17,542$16,177$11,350
9 years$19,640$17,942$16,379$14,942$13,624$9,076
10 years$17,497$15,815$14,279$12,880$11,608$7,332
11 years$15,744$14,079$12,571$11,209$9,983$5,970
12 years$14,284$12,637$11,157$9,832$8,651$4,892
13 years$13,050$11,420$9,968$8,680$7,544$4,028
14 years$11,994$10,380$8,956$7,705$6,613$3,330
15 years$11,078$9,483$8,086$6,872$5,823$2,762
16 years$10,278$8,700$7,331$6,153$5,146$2,297
17 years$9,573$8,013$6,671$5,528$4,563$1,914
18 years$8,947$7,404$6,090$4,982$4,057$1,598
19 years$8,388$6,862$5,575$4,502$3,616$1,337
20 years$7,885$6,376$5,116$4,077$3,230$1,119
21 years$7,431$5,939$4,706$3,700$2,891$938
22 years$7,018$5,544$4,337$3,365$2,591$786
23 years$6,642$5,185$4,005$3,064$2,326$660
24 years$6,298$4,858$3,704$2,795$2,090$554
25 years$5,981$4,559$3,430$2,552$1,881$466
26 years$5,690$4,285$3,182$2,334$1,694$392
27 years$5,420$4,033$2,954$2,136$1,528$329
28 years$5,171$3,800$2,746$1,957$1,378$277
29 years$4,939$3,585$2,556$1,795$1,245$233
30 years$4,723$3,386$2,381$1,647$1,125$196
31 years$4,521$3,200$2,219$1,513$1,017$165
32 years$4,332$3,028$2,071$1,390$920$139
33 years$4,155$2,868$1,933$1,278$832$117
34 years$3,989$2,718$1,807$1,176$754$99
35 years$3,832$2,578$1,689$1,083$683$83
36 years$3,685$2,447$1,580$997$618$70
37 years$3,546$2,324$1,479$919$561$59
38 years$3,414$2,209$1,385$847$508$50
39 years$3,290$2,100$1,297$781$461$42
40 years$3,172$1,998$1,216$720$418$35
41 years$3,060$1,902$1,140$665$379$30
42 years$2,954$1,811$1,070$613$344$25
43 years$2,853$1,726$1,004$566$312$21
44 years$2,756$1,645$942$523$283$18
45 years$2,665$1,569$885$483$257$15
46 years$2,577$1,497$831$446$234$13
47 years$2,494$1,428$781$412$212$11
48 years$2,414$1,363$734$381$193$9
49 years$2,338$1,302$690$352$175$8
50 years$2,265$1,244$648$325$159$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,320,000, adding $4,009 every year, while hoping to spend $37,393 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: 54/29/17 Blend
54$2,320,000$2,320,000$2,320,000$2,320,000
55$2,560,775$2,437,815$2,401,855$2,687,158
56$2,782,189$2,517,482$2,442,532$2,853,592
57$3,024,933$2,599,800$2,483,317$3,030,346
58$3,291,144$2,684,858$2,524,177$3,221,914
59$3,583,175$2,772,751$2,565,071$3,429,719
60$3,903,618$2,863,575$2,605,960$3,655,325
61$4,255,328$2,957,431$2,646,800$3,900,454
62$4,641,448$3,054,422$2,687,545$4,167,000
63$5,065,443$3,154,656$2,728,145$4,457,050
64$5,531,129$3,258,244$2,768,549$4,772,898
65$6,042,708$3,365,302$2,808,699$5,117,072
66$6,604,812$3,475,949$2,848,538$5,492,352
67$7,222,541$3,590,309$2,888,002$5,901,802
68$7,901,516$3,708,510$2,927,026$6,348,792
69$8,647,928$3,830,684$2,965,538$6,837,036
70$9,468,598$3,956,970$3,003,466$7,370,622
71$10,371,042$4,087,508$3,040,729$7,954,052
72$11,363,540$4,222,447$3,077,244$8,592,282
73$12,455,213$4,361,940$3,112,925$9,290,774
74$13,656,115$4,506,145$3,147,678$10,055,540
75$14,977,318$4,655,225$3,181,404$10,893,203
76$16,431,024$4,809,351$3,214,001$11,811,058
77$18,030,679$4,968,699$3,245,360$12,817,140
78$19,791,094$5,133,452$3,275,366$13,920,299
79$21,728,592$5,303,797$3,303,897$15,130,285
80$23,861,157$5,479,932$3,330,827$16,457,837
81$26,208,606$5,662,060$3,356,020$17,914,786
82$28,792,774$5,850,390$3,379,336$19,514,165
83$31,637,719$6,045,142$3,400,626$21,270,332
84$34,769,954$6,246,541$3,419,735$23,199,104
85$38,218,689$6,454,822$3,436,496$25,317,908
86$42,016,115$6,670,228$3,450,739$27,645,942
87$46,197,701$6,893,011$3,462,281$30,204,359
88$50,802,531$7,123,433$3,470,931$33,016,464
89$55,873,673$7,361,765$3,476,491$36,107,932
90$61,458,583$7,608,287$3,478,749$39,507,053
91$67,609,556$7,863,291$3,477,485$43,244,997
92$74,384,219$8,127,080$3,472,468$47,356,107
93$81,846,069$8,399,967$3,463,456$51,878,223
94$90,065,079$8,682,276$3,450,193$56,853,039
95$99,118,357$8,974,347$3,432,414$62,326,496
96$109,090,867$9,276,528$3,409,838$68,349,212
97$120,076,240$9,589,183$3,382,172$74,976,965
98$132,177,652$9,912,688$3,349,110$82,271,213
99$145,508,797$10,247,435$3,310,330$90,299,677
100$160,194,964$10,593,828$3,265,495$99,136,976