Can I retire at age 55 with 2,340,000?

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$193,235$191,514$189,834$188,195$186,595$179,262
2 years$95,661$93,879$92,153$90,479$88,855$81,557
3 years$63,140$61,351$59,629$57,970$56,373$49,340
4 years$46,883$45,100$43,395$41,764$40,206$33,491
5 years$37,132$35,359$33,676$32,079$30,564$24,184
6 years$30,633$28,873$27,215$25,654$24,184$18,144
7 years$25,992$24,247$22,616$21,092$19,668$13,965
8 years$22,514$20,785$19,180$17,693$16,317$10,945
9 years$19,810$18,097$16,520$15,071$13,741$8,693
10 years$17,647$15,951$14,402$12,991$11,708$6,974
11 years$15,880$14,201$12,680$11,306$10,069$5,638
12 years$14,408$12,746$11,253$9,917$8,726$4,586
13 years$13,163$11,518$10,054$8,755$7,609$3,748
14 years$12,097$10,470$9,033$7,772$6,670$3,075
15 years$11,174$9,564$8,156$6,931$5,873$2,531
16 years$10,367$8,775$7,394$6,206$5,190$2,088
17 years$9,656$8,082$6,729$5,576$4,602$1,726
18 years$9,024$7,468$6,142$5,025$4,092$1,429
19 years$8,460$6,921$5,623$4,541$3,647$1,185
20 years$7,953$6,431$5,161$4,112$3,258$984
21 years$7,495$5,991$4,747$3,732$2,915$817
22 years$7,078$5,592$4,375$3,394$2,613$680
23 years$6,699$5,230$4,039$3,091$2,346$566
24 years$6,352$4,900$3,736$2,819$2,108$471
25 years$6,033$4,599$3,460$2,574$1,897$392
26 years$5,739$4,322$3,209$2,354$1,709$327
27 years$5,467$4,067$2,980$2,154$1,541$272
28 years$5,215$3,833$2,770$1,974$1,390$227
29 years$4,981$3,616$2,578$1,810$1,255$189
30 years$4,763$3,415$2,401$1,661$1,134$158
31 years$4,560$3,228$2,239$1,526$1,026$132
32 years$4,369$3,054$2,089$1,402$928$110
33 years$4,191$2,893$1,950$1,289$840$92
34 years$4,023$2,741$1,822$1,186$760$76
35 years$3,865$2,600$1,704$1,092$688$64
36 years$3,716$2,468$1,594$1,006$624$53
37 years$3,576$2,344$1,492$927$565$44
38 years$3,444$2,228$1,397$854$513$37
39 years$3,318$2,118$1,309$788$465$31
40 years$3,199$2,015$1,227$726$422$26
41 years$3,086$1,918$1,150$670$382$22
42 years$2,979$1,827$1,079$619$347$18
43 years$2,877$1,741$1,012$571$315$15
44 years$2,780$1,659$950$527$286$13
45 years$2,688$1,582$892$487$260$10
46 years$2,600$1,510$838$450$236$9
47 years$2,516$1,441$787$416$214$7
48 years$2,435$1,375$740$384$194$6
49 years$2,358$1,313$695$355$177$5
50 years$2,285$1,254$654$328$160$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,340,000, adding $3,200 every year, while hoping to spend $41,186 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: 76/6/18 Blend
54$2,340,000$2,340,000$2,340,000$2,340,000
55$2,581,981$2,457,961$2,421,691$2,767,386
56$2,801,521$2,534,579$2,458,996$2,967,094
57$3,042,074$2,613,572$2,496,170$3,180,568
58$3,305,740$2,695,011$2,533,166$3,413,525
59$3,594,831$2,778,972$2,569,933$3,667,896
60$3,911,894$2,865,532$2,606,416$3,945,809
61$4,259,735$2,954,771$2,642,559$4,249,608
62$4,641,444$3,046,770$2,678,300$4,581,876
63$5,060,425$3,141,615$2,713,576$4,945,456
64$5,520,426$3,239,393$2,748,319$5,343,482
65$6,025,579$3,340,192$2,782,457$5,779,405
66$6,580,432$3,444,105$2,815,913$6,257,028
67$7,189,998$3,551,228$2,848,608$6,780,539
68$7,859,798$3,661,659$2,880,457$7,354,553
69$8,595,915$3,775,498$2,911,370$7,984,155
70$9,405,050$3,892,849$2,941,252$8,674,945
71$10,294,585$4,013,819$2,970,005$9,433,096
72$11,272,656$4,138,519$2,997,523$10,265,407
73$12,348,222$4,267,061$3,023,695$11,179,371
74$13,531,157$4,399,564$3,048,406$12,183,242
75$14,832,340$4,536,147$3,071,531$13,286,115
76$16,263,754$4,676,934$3,092,944$14,498,013
77$17,838,606$4,822,053$3,112,507$15,829,979
78$19,571,446$4,971,635$3,130,077$17,294,179
79$21,478,304$5,125,816$3,145,505$18,904,021
80$23,576,844$5,284,735$3,158,633$20,674,279
81$25,886,530$5,448,534$3,169,295$22,621,231
82$28,428,807$5,617,363$3,177,317$24,762,816
83$31,227,304$5,791,373$3,182,516$27,118,800
84$34,308,058$5,970,720$3,184,700$29,710,964
85$37,699,761$6,155,565$3,183,668$32,563,309
86$41,434,023$6,346,075$3,179,207$35,702,283
87$45,545,680$6,542,419$3,171,098$39,157,030
88$50,073,116$6,744,774$3,159,106$42,959,666
89$55,058,627$6,953,321$3,142,989$47,145,580
90$60,548,818$7,168,245$3,122,490$51,753,771
91$66,595,046$7,389,738$3,097,342$56,827,214
92$73,253,902$7,617,996$3,067,265$62,413,264
93$80,587,746$7,853,224$3,031,964$68,564,108
94$88,665,294$8,095,629$2,991,132$75,337,252
95$97,562,265$8,345,426$2,944,446$82,796,069
96$107,362,100$8,602,837$2,891,570$91,010,392
97$118,156,746$8,868,087$2,832,149$100,057,177
98$130,047,523$9,141,412$2,765,814$110,021,229
99$143,146,081$9,423,052$2,692,180$120,996,001
100$157,575,453$9,713,253$2,610,840$133,084,476