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%14.3%
1 years$192,409$190,695$189,023$187,391$185,797$182,494
2 years$95,252$93,478$91,759$90,092$88,475$85,158
3 years$62,871$61,089$59,374$57,723$56,132$52,905
4 years$46,683$44,907$43,209$41,586$40,034$36,922
5 years$36,973$35,208$33,532$31,942$30,433$27,445
6 years$30,502$28,750$27,099$25,544$24,081$21,219
7 years$25,881$24,144$22,519$21,001$19,584$16,850
8 years$22,418$20,696$19,098$17,618$16,247$13,640
9 years$19,725$18,019$16,449$15,006$13,682$11,201
10 years$17,572$15,883$14,341$12,936$11,658$9,301
11 years$15,812$14,140$12,625$11,258$10,026$7,790
12 years$14,346$12,691$11,205$9,875$8,689$6,570
13 years$13,107$11,469$10,011$8,718$7,577$5,572
14 years$12,045$10,425$8,995$7,739$6,642$4,748
15 years$11,126$9,524$8,121$6,902$5,848$4,062
16 years$10,323$8,738$7,363$6,180$5,168$3,486
17 years$9,615$8,047$6,700$5,552$4,583$3,000
18 years$8,986$7,436$6,116$5,004$4,075$2,587
19 years$8,424$6,891$5,599$4,521$3,632$2,236
20 years$7,919$6,404$5,139$4,095$3,244$1,935
21 years$7,463$5,965$4,726$3,716$2,903$1,678
22 years$7,048$5,568$4,356$3,379$2,602$1,456
23 years$6,670$5,208$4,022$3,077$2,336$1,265
24 years$6,325$4,879$3,720$2,807$2,099$1,100
25 years$6,007$4,579$3,445$2,563$1,889$957
26 years$5,714$4,303$3,195$2,344$1,702$834
27 years$5,444$4,050$2,967$2,145$1,534$727
28 years$5,193$3,816$2,758$1,966$1,384$633
29 years$4,960$3,600$2,567$1,802$1,250$553
30 years$4,743$3,400$2,391$1,654$1,130$482
31 years$4,540$3,214$2,229$1,519$1,021$421
32 years$4,350$3,041$2,080$1,396$924$367
33 years$4,173$2,880$1,942$1,284$836$321
34 years$4,006$2,730$1,814$1,181$757$280
35 years$3,849$2,589$1,696$1,087$686$245
36 years$3,701$2,457$1,587$1,002$621$214
37 years$3,561$2,334$1,485$923$563$187
38 years$3,429$2,218$1,391$851$510$164
39 years$3,304$2,109$1,303$784$463$143
40 years$3,185$2,007$1,221$723$420$125
41 years$3,073$1,910$1,145$667$381$109
42 years$2,966$1,819$1,074$616$346$96
43 years$2,865$1,733$1,008$569$314$84
44 years$2,768$1,652$946$525$285$73
45 years$2,676$1,576$889$485$258$64
46 years$2,589$1,503$835$448$235$56
47 years$2,505$1,434$784$414$213$49
48 years$2,425$1,369$737$382$194$43
49 years$2,348$1,308$692$353$176$37
50 years$2,275$1,249$651$327$160$33

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 $2,208 every year, while hoping to spend $24,359 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: 70/23/7 Blend
54$2,330,000$2,330,000$2,330,000$2,330,000
55$2,569,938$2,446,448$2,410,333$2,746,886
56$2,806,153$2,540,406$2,465,161$2,958,136
57$3,065,647$2,638,151$2,521,010$3,186,002
58$3,350,766$2,739,844$2,577,887$3,434,665
59$3,664,100$2,845,652$2,635,801$3,706,162
60$4,008,497$2,955,748$2,694,760$4,002,735
61$4,387,098$3,070,314$2,754,769$4,326,849
62$4,803,364$3,189,541$2,815,835$4,681,221
63$5,261,105$3,313,627$2,877,964$5,068,839
64$5,764,521$3,442,778$2,941,159$5,492,993
65$6,318,240$3,577,211$3,005,425$5,957,304
66$6,927,358$3,717,153$3,070,765$6,465,761
67$7,597,494$3,862,838$3,137,180$7,022,752
68$8,334,834$4,014,514$3,204,672$7,633,112
69$9,146,199$4,172,437$3,273,241$8,302,162
70$10,039,102$4,336,876$3,342,885$9,035,764
71$11,021,820$4,508,113$3,413,601$9,840,370
72$12,103,476$4,686,440$3,485,386$10,723,088
73$13,294,119$4,872,165$3,558,236$11,691,744
74$14,604,825$5,065,607$3,632,142$12,754,959
75$16,047,796$5,267,100$3,707,098$13,922,225
76$17,636,478$5,476,995$3,783,093$15,203,999
77$19,385,688$5,695,657$3,860,116$16,611,797
78$21,311,751$5,923,467$3,938,153$18,158,305
79$23,432,658$6,160,825$4,017,189$19,857,495
80$25,768,231$6,408,148$4,097,206$21,724,758
81$28,340,314$6,665,870$4,178,186$23,777,048
82$31,172,976$6,934,448$4,260,106$26,033,041
83$34,292,742$7,214,358$4,342,941$28,513,310
84$37,728,837$7,506,098$4,426,666$31,240,519
85$41,513,469$7,810,187$4,511,249$34,239,636
86$45,682,126$8,127,169$4,596,660$37,538,167
87$50,273,917$8,457,614$4,682,861$41,166,412
88$55,331,934$8,802,115$4,769,815$45,157,757
89$60,903,667$9,161,294$4,857,479$49,548,980
90$67,041,445$9,535,801$4,945,809$54,380,603
91$73,802,932$9,926,316$5,034,753$59,697,267
92$81,251,674$10,333,548$5,124,260$65,548,161
93$89,457,694$10,758,241$5,214,273$71,987,474
94$98,498,157$11,201,172$5,304,728$79,074,916
95$108,458,093$11,663,154$5,395,561$86,876,270
96$119,431,206$12,145,037$5,486,700$95,464,019
97$131,520,754$12,647,708$5,578,069$104,918,026
98$144,840,524$13,172,099$5,669,588$115,326,285
99$159,515,908$13,719,182$5,761,169$126,785,751
100$175,685,082$14,289,974$5,852,720$139,403,254