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%11.8%
1 years$192,409$190,695$189,023$187,391$185,797$184,395
2 years$95,252$93,478$91,759$90,092$88,475$87,061
3 years$62,871$61,089$59,374$57,723$56,132$54,750
4 years$46,683$44,907$43,209$41,586$40,034$38,695
5 years$36,973$35,208$33,532$31,942$30,433$29,141
6 years$30,502$28,750$27,099$25,544$24,081$22,837
7 years$25,881$24,144$22,519$21,001$19,584$18,390
8 years$22,418$20,696$19,098$17,618$16,247$15,102
9 years$19,725$18,019$16,449$15,006$13,682$12,586
10 years$17,572$15,883$14,341$12,936$11,658$10,610
11 years$15,812$14,140$12,625$11,258$10,026$9,025
12 years$14,346$12,691$11,205$9,875$8,689$7,734
13 years$13,107$11,469$10,011$8,718$7,577$6,668
14 years$12,045$10,425$8,995$7,739$6,642$5,777
15 years$11,126$9,524$8,121$6,902$5,848$5,027
16 years$10,323$8,738$7,363$6,180$5,168$4,389
17 years$9,615$8,047$6,700$5,552$4,583$3,844
18 years$8,986$7,436$6,116$5,004$4,075$3,375
19 years$8,424$6,891$5,599$4,521$3,632$2,970
20 years$7,919$6,404$5,139$4,095$3,244$2,619
21 years$7,463$5,965$4,726$3,716$2,903$2,313
22 years$7,048$5,568$4,356$3,379$2,602$2,046
23 years$6,670$5,208$4,022$3,077$2,336$1,812
24 years$6,325$4,879$3,720$2,807$2,099$1,607
25 years$6,007$4,579$3,445$2,563$1,889$1,426
26 years$5,714$4,303$3,195$2,344$1,702$1,267
27 years$5,444$4,050$2,967$2,145$1,534$1,126
28 years$5,193$3,816$2,758$1,966$1,384$1,002
29 years$4,960$3,600$2,567$1,802$1,250$892
30 years$4,743$3,400$2,391$1,654$1,130$794
31 years$4,540$3,214$2,229$1,519$1,021$708
32 years$4,350$3,041$2,080$1,396$924$631
33 years$4,173$2,880$1,942$1,284$836$563
34 years$4,006$2,730$1,814$1,181$757$502
35 years$3,849$2,589$1,696$1,087$686$448
36 years$3,701$2,457$1,587$1,002$621$400
37 years$3,561$2,334$1,485$923$563$357
38 years$3,429$2,218$1,391$851$510$319
39 years$3,304$2,109$1,303$784$463$284
40 years$3,185$2,007$1,221$723$420$254
41 years$3,073$1,910$1,145$667$381$227
42 years$2,966$1,819$1,074$616$346$203
43 years$2,865$1,733$1,008$569$314$181
44 years$2,768$1,652$946$525$285$162
45 years$2,676$1,576$889$485$258$145
46 years$2,589$1,503$835$448$235$129
47 years$2,505$1,434$784$414$213$116
48 years$2,425$1,369$737$382$194$103
49 years$2,348$1,308$692$353$176$92
50 years$2,275$1,249$651$327$160$83

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 $2,359 every year, while hoping to spend $27,454 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: 77/16/7 Blend
54$2,330,000$2,330,000$2,330,000$2,330,000
55$2,570,093$2,446,603$2,410,488$2,765,636
56$2,803,032$2,537,276$2,462,029$2,985,048
57$3,058,810$2,631,472$2,514,376$3,221,765
58$3,339,729$2,729,334$2,567,527$3,480,490
59$3,648,322$2,831,012$2,621,480$3,763,400
60$3,987,382$2,936,662$2,676,231$4,072,888
61$4,359,984$3,046,448$2,731,774$4,411,593
62$4,769,517$3,160,539$2,788,103$4,782,418
63$5,219,715$3,279,112$2,845,211$5,188,560
64$5,714,689$3,402,352$2,903,089$5,633,538
65$6,258,971$3,530,451$2,961,727$6,121,230
66$6,857,554$3,663,611$3,021,112$6,655,905
67$7,515,937$3,802,040$3,081,232$7,242,265
68$8,240,181$3,945,959$3,142,072$7,885,487
69$9,036,963$4,095,595$3,203,615$8,591,274
70$9,913,640$4,251,185$3,265,843$9,365,908
71$10,878,318$4,412,979$3,328,735$10,216,306
72$11,939,927$4,581,236$3,392,268$11,150,091
73$13,108,309$4,756,227$3,456,419$12,175,655
74$14,394,307$4,938,232$3,521,159$13,302,246
75$15,809,869$5,127,548$3,586,461$14,540,049
76$17,368,160$5,324,482$3,652,291$15,900,284
77$19,083,685$5,529,355$3,718,616$17,395,311
78$20,972,429$5,742,501$3,785,398$19,038,748
79$23,052,004$5,964,271$3,852,596$20,845,596
80$25,341,819$6,195,030$3,920,168$22,832,381
81$27,863,257$6,435,160$3,988,066$25,017,310
82$30,639,884$6,685,057$4,056,241$27,420,441
83$33,697,666$6,945,139$4,124,640$30,063,875
84$37,065,217$7,215,839$4,193,203$32,971,959
85$40,774,064$7,497,611$4,261,871$36,171,519
86$44,858,952$7,790,928$4,330,577$39,692,112
87$49,358,166$8,096,284$4,399,252$43,566,301
88$54,313,893$8,414,195$4,467,821$47,829,966
89$59,772,622$8,745,203$4,536,205$52,522,639
90$65,785,580$9,089,868$4,604,319$57,687,878
91$72,409,219$9,448,782$4,672,073$63,373,677
92$79,705,744$9,822,557$4,739,373$69,632,916
93$87,743,705$10,211,838$4,806,117$76,523,862
94$96,598,640$10,617,294$4,872,198$84,110,717
95$106,353,787$11,039,628$4,937,503$92,464,224
96$117,100,875$11,479,571$5,001,911$101,662,332
97$128,940,985$11,937,891$5,065,295$111,790,931
98$141,985,504$12,415,386$5,127,521$122,944,663
99$156,357,179$12,912,894$5,188,447$135,227,814
100$172,191,273$13,431,287$5,247,922$148,755,296