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

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$194,061$192,332$190,646$189,000$187,392$180,815
2 years$96,070$94,280$92,546$90,865$89,234$82,677
3 years$63,410$61,613$59,884$58,218$56,614$50,283
4 years$47,084$45,292$43,580$41,943$40,378$34,321
5 years$37,290$35,510$33,820$32,216$30,694$24,928
6 years$30,764$28,996$27,331$25,764$24,287$18,815
7 years$26,103$24,351$22,713$21,182$19,752$14,574
8 years$22,610$20,873$19,262$17,769$16,386$11,497
9 years$19,894$18,174$16,590$15,135$13,800$9,193
10 years$17,723$16,020$14,464$13,047$11,758$7,427
11 years$15,948$14,261$12,734$11,354$10,112$6,048
12 years$14,469$12,800$11,301$9,959$8,763$4,955
13 years$13,219$11,568$10,097$8,793$7,642$4,080
14 years$12,149$10,515$9,072$7,805$6,699$3,373
15 years$11,222$9,605$8,191$6,961$5,898$2,798
16 years$10,411$8,813$7,426$6,233$5,213$2,327
17 years$9,697$8,116$6,757$5,600$4,622$1,939
18 years$9,063$7,500$6,169$5,047$4,110$1,619
19 years$8,496$6,951$5,647$4,560$3,663$1,354
20 years$7,987$6,459$5,183$4,130$3,272$1,133
21 years$7,527$6,016$4,767$3,748$2,928$950
22 years$7,109$5,616$4,394$3,408$2,624$797
23 years$6,728$5,252$4,057$3,104$2,356$669
24 years$6,379$4,921$3,752$2,831$2,117$562
25 years$6,059$4,618$3,475$2,585$1,905$472
26 years$5,763$4,340$3,223$2,364$1,716$397
27 years$5,491$4,085$2,993$2,164$1,547$334
28 years$5,238$3,849$2,782$1,982$1,396$281
29 years$5,003$3,631$2,589$1,818$1,261$236
30 years$4,784$3,429$2,411$1,668$1,139$199
31 years$4,579$3,242$2,248$1,532$1,030$167
32 years$4,388$3,067$2,098$1,408$932$141
33 years$4,209$2,905$1,958$1,295$843$119
34 years$4,040$2,753$1,830$1,191$763$100
35 years$3,882$2,611$1,711$1,097$691$84
36 years$3,732$2,479$1,600$1,010$626$71
37 years$3,591$2,354$1,498$931$568$60
38 years$3,458$2,237$1,403$858$515$50
39 years$3,332$2,127$1,314$791$467$42
40 years$3,213$2,024$1,232$730$423$36
41 years$3,100$1,927$1,155$673$384$30
42 years$2,992$1,835$1,084$621$349$25
43 years$2,890$1,748$1,017$573$316$21
44 years$2,792$1,666$954$529$287$18
45 years$2,699$1,589$896$489$261$15
46 years$2,611$1,516$842$452$237$13
47 years$2,526$1,447$791$417$215$11
48 years$2,446$1,381$743$386$195$9
49 years$2,368$1,319$698$356$177$8
50 years$2,294$1,260$657$329$161$6

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 $2,798 every year, while hoping to spend $30,999 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: 58/17/25 Blend
54$2,350,000$2,350,000$2,350,000$2,350,000
55$2,592,586$2,468,036$2,431,611$2,725,251
56$2,824,047$2,555,987$2,480,087$2,904,122
57$3,078,078$2,647,209$2,529,149$3,095,511
58$3,356,949$2,741,829$2,578,782$3,303,533
59$3,663,159$2,839,980$2,628,972$3,529,805
60$3,999,462$2,941,800$2,679,704$3,776,109
61$4,368,892$3,047,433$2,730,959$4,044,403
62$4,774,791$3,157,028$2,782,717$4,336,847
63$5,220,840$3,270,743$2,834,958$4,655,815
64$5,711,094$3,388,739$2,887,659$5,003,923
65$6,250,024$3,511,184$2,940,793$5,384,050
66$6,842,550$3,638,257$2,994,334$5,799,368
67$7,494,098$3,770,139$3,048,252$6,253,368
68$8,210,642$3,907,022$3,102,514$6,749,896
69$8,998,767$4,049,105$3,157,087$7,293,186
70$9,865,725$4,196,595$3,211,933$7,887,901
71$10,819,508$4,349,708$3,267,013$8,539,179
72$11,868,924$4,508,669$3,322,284$9,252,677
73$13,023,673$4,673,713$3,377,699$10,034,627
74$14,294,447$4,845,084$3,433,211$10,891,891
75$15,693,024$5,023,036$3,488,767$11,832,032
76$17,232,382$5,207,835$3,544,311$12,863,377
77$18,926,824$5,399,757$3,599,784$13,995,101
78$20,792,106$5,599,091$3,655,122$15,237,311
79$22,845,591$5,806,137$3,710,259$16,601,141
80$25,106,411$6,021,208$3,765,123$18,098,856
81$27,595,647$6,244,630$3,819,637$19,743,971
82$30,336,530$6,476,743$3,873,722$21,551,372
83$33,354,656$6,717,904$3,927,292$23,537,461
84$36,678,231$6,968,481$3,980,255$25,720,309
85$40,338,334$7,228,860$4,032,518$28,119,825
86$44,369,214$7,499,444$4,083,977$30,757,945
87$48,808,609$7,780,652$4,134,526$33,658,837
88$53,698,106$8,072,922$4,184,050$36,849,130
89$59,083,528$8,376,710$4,232,431$40,358,164
90$65,015,372$8,692,493$4,279,542$44,218,266
91$71,549,281$9,020,767$4,325,248$48,465,057
92$78,746,573$9,362,050$4,369,409$53,137,782
93$86,674,816$9,716,883$4,411,877$58,279,689
94$95,408,466$10,085,829$4,452,494$63,938,426
95$105,029,573$10,469,478$4,491,095$70,166,498
96$115,628,550$10,868,443$4,527,507$77,021,760
97$127,305,030$11,283,365$4,561,547$84,567,959
98$140,168,806$11,714,912$4,593,022$92,875,342
99$154,340,865$12,163,784$4,621,729$102,021,309
100$169,954,531$12,630,707$4,647,455$112,091,153