Can I retire at age 55 with 2,350,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,350,000?

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$194,061$192,332$190,646$189,000$187,392$184,744
2 years$96,070$94,280$92,546$90,865$89,234$86,572
3 years$63,410$61,613$59,884$58,218$56,614$54,020
4 years$47,084$45,292$43,580$41,943$40,378$37,871
5 years$37,290$35,510$33,820$32,216$30,694$28,283
6 years$30,764$28,996$27,331$25,764$24,287$21,975
7 years$26,103$24,351$22,713$21,182$19,752$17,538
8 years$22,610$20,873$19,262$17,769$16,386$14,271
9 years$19,894$18,174$16,590$15,135$13,800$11,782
10 years$17,723$16,020$14,464$13,047$11,758$9,837
11 years$15,948$14,261$12,734$11,354$10,112$8,285
12 years$14,469$12,800$11,301$9,959$8,763$7,028
13 years$13,219$11,568$10,097$8,793$7,642$5,997
14 years$12,149$10,515$9,072$7,805$6,699$5,141
15 years$11,222$9,605$8,191$6,961$5,898$4,425
16 years$10,411$8,813$7,426$6,233$5,213$3,821
17 years$9,697$8,116$6,757$5,600$4,622$3,309
18 years$9,063$7,500$6,169$5,047$4,110$2,873
19 years$8,496$6,951$5,647$4,560$3,663$2,499
20 years$7,987$6,459$5,183$4,130$3,272$2,178
21 years$7,527$6,016$4,767$3,748$2,928$1,901
22 years$7,109$5,616$4,394$3,408$2,624$1,661
23 years$6,728$5,252$4,057$3,104$2,356$1,453
24 years$6,379$4,921$3,752$2,831$2,117$1,273
25 years$6,059$4,618$3,475$2,585$1,905$1,116
26 years$5,763$4,340$3,223$2,364$1,716$979
27 years$5,491$4,085$2,993$2,164$1,547$859
28 years$5,238$3,849$2,782$1,982$1,396$754
29 years$5,003$3,631$2,589$1,818$1,261$663
30 years$4,784$3,429$2,411$1,668$1,139$583
31 years$4,579$3,242$2,248$1,532$1,030$512
32 years$4,388$3,067$2,098$1,408$932$451
33 years$4,209$2,905$1,958$1,295$843$397
34 years$4,040$2,753$1,830$1,191$763$349
35 years$3,882$2,611$1,711$1,097$691$307
36 years$3,732$2,479$1,600$1,010$626$271
37 years$3,591$2,354$1,498$931$568$238
38 years$3,458$2,237$1,403$858$515$210
39 years$3,332$2,127$1,314$791$467$185
40 years$3,213$2,024$1,232$730$423$163
41 years$3,100$1,927$1,155$673$384$144
42 years$2,992$1,835$1,084$621$349$127
43 years$2,890$1,748$1,017$573$316$111
44 years$2,792$1,666$954$529$287$98
45 years$2,699$1,589$896$489$261$87
46 years$2,611$1,516$842$452$237$76
47 years$2,526$1,447$791$417$215$67
48 years$2,446$1,381$743$386$195$59
49 years$2,368$1,319$698$356$177$52
50 years$2,294$1,260$657$329$161$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,350,000, adding $4,472 every year, while hoping to spend $59,851 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: 70/25/5 Blend
54$2,350,000$2,350,000$2,350,000$2,350,000
55$2,594,313$2,469,763$2,433,338$2,774,297
56$2,795,252$2,527,100$2,451,174$2,951,087
57$3,014,681$2,585,241$2,467,601$3,136,622
58$3,254,422$2,644,162$2,482,510$3,337,957
59$3,516,482$2,703,835$2,495,783$3,556,628
60$3,803,072$2,764,231$2,507,300$3,794,325
61$4,116,622$2,825,316$2,516,932$4,052,909
62$4,459,812$2,887,051$2,524,544$4,334,429
63$4,835,592$2,949,395$2,529,994$4,641,143
64$5,247,208$3,012,302$2,533,135$4,975,536
65$5,698,239$3,075,720$2,533,811$5,340,347
66$6,192,623$3,139,594$2,531,857$5,738,591
67$6,734,698$3,203,862$2,527,102$6,173,590
68$7,329,244$3,268,458$2,519,367$6,649,004
69$7,981,523$3,333,308$2,508,462$7,168,864
70$8,697,333$3,398,335$2,494,190$7,737,611
71$9,483,059$3,463,451$2,476,343$8,360,139
72$10,345,734$3,528,563$2,454,703$9,041,836
73$11,293,107$3,593,571$2,429,045$9,788,644
74$12,333,714$3,658,366$2,399,128$10,607,105
75$13,476,958$3,722,831$2,364,703$11,504,428
76$14,733,196$3,786,838$2,325,509$12,488,560
77$16,113,840$3,850,251$2,281,272$13,568,251
78$17,631,463$3,912,924$2,231,705$14,753,148
79$19,299,914$3,974,700$2,176,509$16,053,879
80$21,134,454$4,035,409$2,115,371$17,482,153
81$23,151,894$4,094,870$2,047,962$19,050,877
82$25,370,758$4,152,889$1,973,939$20,774,271
83$27,811,452$4,209,258$1,892,943$22,668,003
84$30,496,464$4,263,755$1,804,600$24,749,343
85$33,450,566$4,316,141$1,708,517$27,037,319
86$36,701,055$4,366,164$1,604,284$29,552,899
87$40,278,008$4,413,552$1,491,473$32,319,193
88$44,214,564$4,458,015$1,369,637$35,361,664
89$48,547,237$4,499,245$1,238,307$38,708,376
90$53,316,261$4,536,913$1,096,996$42,390,253
91$58,565,967$4,570,669$945,192$46,441,376
92$64,345,203$4,600,140$782,364$50,899,300
93$70,707,795$4,624,928$607,954$55,805,414
94$77,713,052$4,644,611$421,383$61,205,330
95$85,426,327$4,658,740$222,042$67,149,310
96$93,919,631$4,666,838$9,300$73,692,749
97$103,272,317$4,668,397$0$80,896,692
98$113,571,823$4,662,878$0$88,840,027
99$124,914,499$4,649,709$0$97,586,562
100$137,406,516$4,628,282$0$107,217,541