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%13%
1 years$191,583$189,877$188,212$186,587$185,000$182,688
2 years$94,843$93,077$91,365$89,705$88,095$85,769
3 years$62,601$60,827$59,119$57,475$55,891$53,623
4 years$46,483$44,714$43,024$41,408$39,862$37,669
5 years$36,814$35,056$33,388$31,805$30,303$28,191
6 years$30,371$28,626$26,983$25,435$23,977$21,951
7 years$25,770$24,040$22,423$20,911$19,500$17,558
8 years$22,321$20,607$19,016$17,542$16,177$14,320
9 years$19,640$17,942$16,379$14,942$13,624$11,851
10 years$17,497$15,815$14,279$12,880$11,608$9,918
11 years$15,744$14,079$12,571$11,209$9,983$8,375
12 years$14,284$12,637$11,157$9,832$8,651$7,122
13 years$13,050$11,420$9,968$8,680$7,544$6,093
14 years$11,994$10,380$8,956$7,705$6,613$5,237
15 years$11,078$9,483$8,086$6,872$5,823$4,520
16 years$10,278$8,700$7,331$6,153$5,146$3,914
17 years$9,573$8,013$6,671$5,528$4,563$3,400
18 years$8,947$7,404$6,090$4,982$4,057$2,960
19 years$8,388$6,862$5,575$4,502$3,616$2,582
20 years$7,885$6,376$5,116$4,077$3,230$2,257
21 years$7,431$5,939$4,706$3,700$2,891$1,976
22 years$7,018$5,544$4,337$3,365$2,591$1,732
23 years$6,642$5,185$4,005$3,064$2,326$1,520
24 years$6,298$4,858$3,704$2,795$2,090$1,335
25 years$5,981$4,559$3,430$2,552$1,881$1,174
26 years$5,690$4,285$3,182$2,334$1,694$1,033
27 years$5,420$4,033$2,954$2,136$1,528$910
28 years$5,171$3,800$2,746$1,957$1,378$801
29 years$4,939$3,585$2,556$1,795$1,245$706
30 years$4,723$3,386$2,381$1,647$1,125$623
31 years$4,521$3,200$2,219$1,513$1,017$550
32 years$4,332$3,028$2,071$1,390$920$485
33 years$4,155$2,868$1,933$1,278$832$428
34 years$3,989$2,718$1,807$1,176$754$378
35 years$3,832$2,578$1,689$1,083$683$334
36 years$3,685$2,447$1,580$997$618$295
37 years$3,546$2,324$1,479$919$561$261
38 years$3,414$2,209$1,385$847$508$231
39 years$3,290$2,100$1,297$781$461$204
40 years$3,172$1,998$1,216$720$418$180
41 years$3,060$1,902$1,140$665$379$159
42 years$2,954$1,811$1,070$613$344$141
43 years$2,853$1,726$1,004$566$312$125
44 years$2,756$1,645$942$523$283$110
45 years$2,665$1,569$885$483$257$97
46 years$2,577$1,497$831$446$234$86
47 years$2,494$1,428$781$412$212$76
48 years$2,414$1,363$734$381$193$67
49 years$2,338$1,302$690$352$175$60
50 years$2,265$1,244$648$325$159$53

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 $4,010 every year, while hoping to spend $28,271 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: 56/24/20 Blend
54$2,320,000$2,320,000$2,320,000$2,320,000
55$2,560,776$2,437,816$2,401,856$2,690,202
56$2,791,895$2,527,189$2,452,238$2,868,331
57$3,045,641$2,619,994$2,503,361$3,058,925
58$3,324,291$2,716,368$2,555,218$3,265,942
59$3,630,356$2,816,457$2,607,805$3,490,965
60$3,966,599$2,920,411$2,661,113$3,735,736
61$4,336,067$3,028,385$2,715,135$4,002,173
62$4,742,113$3,140,544$2,769,860$4,292,385
63$5,188,435$3,257,057$2,825,276$4,608,693
64$5,679,105$3,378,102$2,881,372$4,953,653
65$6,218,608$3,503,864$2,938,133$5,330,078
66$6,811,888$3,634,535$2,995,543$5,741,062
67$7,464,391$3,770,318$3,053,584$6,190,014
68$8,182,117$3,911,421$3,112,236$6,680,685
69$8,971,675$4,058,063$3,171,479$7,217,205
70$9,840,351$4,210,473$3,231,288$7,804,123
71$10,796,168$4,368,888$3,291,638$8,446,444
72$11,847,971$4,533,556$3,352,501$9,149,684
73$13,005,500$4,704,737$3,413,847$9,919,913
74$14,279,493$4,882,701$3,475,642$10,763,818
75$15,681,777$5,067,729$3,537,851$11,688,762
76$17,225,386$5,260,115$3,600,437$12,702,854
77$18,924,680$5,460,166$3,663,357$13,815,027
78$20,795,486$5,668,203$3,726,568$15,035,117
79$22,855,239$5,884,558$3,790,022$16,373,959
80$25,123,154$6,109,581$3,853,667$17,843,488
81$27,620,401$6,343,636$3,917,451$19,456,849
82$30,370,310$6,587,102$3,981,313$21,228,524
83$33,398,587$6,840,376$4,045,193$23,174,463
84$36,733,559$7,103,871$4,109,023$25,312,238
85$40,406,441$7,378,020$4,172,734$27,661,206
86$44,451,628$7,663,272$4,236,250$30,242,691
87$48,907,021$7,960,099$4,299,492$33,080,186
88$53,814,386$8,268,993$4,362,374$36,199,571
89$59,219,745$8,590,466$4,424,806$39,629,359
90$65,173,815$8,925,055$4,486,692$43,400,962
91$71,732,480$9,273,318$4,547,932$47,548,988
92$78,957,324$9,635,841$4,608,419$52,111,567
93$86,916,207$10,013,234$4,668,037$57,130,707
94$95,683,912$10,406,134$4,726,668$62,652,694
95$105,342,843$10,815,207$4,784,183$68,728,523
96$115,983,809$11,241,148$4,840,450$75,414,381
97$127,706,878$11,684,685$4,895,325$82,772,177
98$140,622,320$12,146,575$4,948,659$90,870,119
99$154,851,652$12,627,612$5,000,294$99,783,367
100$170,528,780$13,128,625$5,050,064$109,594,730