Can I retire at age 55 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$192,409$190,695$189,023$187,391$185,797$183,172
2 years$95,252$93,478$91,759$90,092$88,475$85,835
3 years$62,871$61,089$59,374$57,723$56,132$53,560
4 years$46,683$44,907$43,209$41,586$40,034$37,549
5 years$36,973$35,208$33,532$31,942$30,433$28,043
6 years$30,502$28,750$27,099$25,544$24,081$21,788
7 years$25,881$24,144$22,519$21,001$19,584$17,389
8 years$22,418$20,696$19,098$17,618$16,247$14,150
9 years$19,725$18,019$16,449$15,006$13,682$11,682
10 years$17,572$15,883$14,341$12,936$11,658$9,753
11 years$15,812$14,140$12,625$11,258$10,026$8,215
12 years$14,346$12,691$11,205$9,875$8,689$6,969
13 years$13,107$11,469$10,011$8,718$7,577$5,946
14 years$12,045$10,425$8,995$7,739$6,642$5,097
15 years$11,126$9,524$8,121$6,902$5,848$4,387
16 years$10,323$8,738$7,363$6,180$5,168$3,789
17 years$9,615$8,047$6,700$5,552$4,583$3,281
18 years$8,986$7,436$6,116$5,004$4,075$2,848
19 years$8,424$6,891$5,599$4,521$3,632$2,478
20 years$7,919$6,404$5,139$4,095$3,244$2,159
21 years$7,463$5,965$4,726$3,716$2,903$1,885
22 years$7,048$5,568$4,356$3,379$2,602$1,647
23 years$6,670$5,208$4,022$3,077$2,336$1,441
24 years$6,325$4,879$3,720$2,807$2,099$1,262
25 years$6,007$4,579$3,445$2,563$1,889$1,106
26 years$5,714$4,303$3,195$2,344$1,702$970
27 years$5,444$4,050$2,967$2,145$1,534$852
28 years$5,193$3,816$2,758$1,966$1,384$748
29 years$4,960$3,600$2,567$1,802$1,250$657
30 years$4,743$3,400$2,391$1,654$1,130$578
31 years$4,540$3,214$2,229$1,519$1,021$508
32 years$4,350$3,041$2,080$1,396$924$447
33 years$4,173$2,880$1,942$1,284$836$393
34 years$4,006$2,730$1,814$1,181$757$346
35 years$3,849$2,589$1,696$1,087$686$305
36 years$3,701$2,457$1,587$1,002$621$268
37 years$3,561$2,334$1,485$923$563$236
38 years$3,429$2,218$1,391$851$510$208
39 years$3,304$2,109$1,303$784$463$183
40 years$3,185$2,007$1,221$723$420$162
41 years$3,073$1,910$1,145$667$381$142
42 years$2,966$1,819$1,074$616$346$125
43 years$2,865$1,733$1,008$569$314$111
44 years$2,768$1,652$946$525$285$97
45 years$2,676$1,576$889$485$258$86
46 years$2,589$1,503$835$448$235$76
47 years$2,505$1,434$784$414$213$67
48 years$2,425$1,369$737$382$194$59
49 years$2,348$1,308$692$353$176$52
50 years$2,275$1,249$651$327$160$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,330,000, adding $3,350 every year, while hoping to spend $37,985 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: 25/49/26 Blend
54$2,330,000$2,330,000$2,330,000$2,330,000
55$2,571,116$2,447,626$2,411,511$2,614,242
56$2,792,954$2,527,143$2,451,880$2,729,633
57$3,036,146$2,609,285$2,492,330$2,849,798
58$3,302,831$2,694,138$2,532,821$2,977,841
59$3,595,363$2,781,794$2,573,313$3,114,450
60$3,916,336$2,872,348$2,613,766$3,260,375
61$4,268,607$2,965,898$2,654,132$3,416,442
62$4,655,324$3,062,545$2,694,363$3,583,557
63$5,079,951$3,162,394$2,734,409$3,762,716
64$5,546,309$3,265,555$2,774,215$3,955,011
65$6,058,604$3,372,138$2,813,723$4,161,644
66$6,621,470$3,482,262$2,852,871$4,383,936
67$7,240,013$3,596,045$2,891,594$4,623,336
68$7,919,856$3,713,613$2,929,824$4,881,441
69$8,667,196$3,835,094$2,967,488$5,160,004
70$9,488,859$3,960,623$3,004,508$5,460,954
71$10,392,367$4,090,338$3,040,803$5,786,413
72$11,386,005$4,224,381$3,076,287$6,138,712
73$12,478,903$4,362,901$3,110,868$6,520,421
74$13,681,120$4,506,052$3,144,451$6,934,362
75$15,003,738$4,653,993$3,176,934$7,383,644
76$16,458,968$4,806,887$3,208,210$7,871,687
77$18,060,265$4,964,907$3,238,167$8,402,256
78$19,822,452$5,128,227$3,266,686$8,979,492
79$21,761,863$5,297,031$3,293,641$9,607,956
80$23,896,496$5,471,508$3,318,901$10,292,670
81$26,246,181$5,651,855$3,342,327$11,039,159
82$28,832,771$5,838,275$3,363,773$11,853,510
83$31,680,340$6,030,978$3,383,087$12,742,422
84$34,815,421$6,230,182$3,400,107$13,713,274
85$38,267,246$6,436,113$3,414,662$14,774,191
86$42,068,028$6,649,005$3,426,576$15,934,119
87$46,253,262$6,869,101$3,435,661$17,202,911
88$50,862,059$7,096,652$3,441,721$18,591,420
89$55,937,520$7,331,918$3,444,549$20,111,599
90$61,527,134$7,575,170$3,443,929$21,776,611
91$67,683,235$7,826,687$3,439,634$23,600,958
92$74,463,489$8,086,758$3,431,425$25,600,610
93$81,931,440$8,355,684$3,419,053$27,793,164
94$90,157,112$8,633,778$3,402,256$30,197,999
95$99,217,665$8,921,361$3,380,760$32,836,466
96$109,198,127$9,218,767$3,354,275$35,732,086
97$120,192,195$9,526,346$3,322,502$38,910,768
98$132,303,117$9,844,454$3,285,124$42,401,059
99$145,644,669$10,173,467$3,241,810$46,234,406
100$160,342,229$10,513,771$3,192,214$50,445,457