Can I retire at age 55 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$194,887$193,151$191,457$189,804$188,190$184,239
2 years$96,479$94,682$92,940$91,252$89,614$85,653
3 years$63,680$61,876$60,139$58,466$56,855$53,006
4 years$47,284$45,485$43,765$42,121$40,549$36,843
5 years$37,449$35,661$33,964$32,353$30,825$27,272
6 years$30,895$29,120$27,448$25,873$24,391$20,994
7 years$26,215$24,455$22,809$21,272$19,836$16,597
8 years$22,706$20,962$19,344$17,844$16,456$13,373
9 years$19,979$18,251$16,661$15,199$13,858$10,929
10 years$17,798$16,088$14,525$13,102$11,808$9,030
11 years$16,015$14,322$12,788$11,403$10,155$7,525
12 years$14,531$12,855$11,349$10,002$8,800$6,314
13 years$13,275$11,617$10,140$8,830$7,674$5,327
14 years$12,200$10,559$9,110$7,838$6,727$4,515
15 years$11,269$9,646$8,226$6,990$5,923$3,841
16 years$10,456$8,850$7,458$6,259$5,235$3,277
17 years$9,738$8,151$6,786$5,624$4,642$2,804
18 years$9,102$7,532$6,195$5,068$4,127$2,404
19 years$8,532$6,980$5,671$4,580$3,679$2,066
20 years$8,021$6,486$5,205$4,148$3,286$1,777
21 years$7,559$6,042$4,787$3,764$2,940$1,531
22 years$7,139$5,640$4,412$3,423$2,636$1,321
23 years$6,756$5,275$4,074$3,117$2,366$1,140
24 years$6,406$4,942$3,768$2,843$2,127$986
25 years$6,084$4,638$3,490$2,596$1,914$852
26 years$5,788$4,359$3,236$2,374$1,724$738
27 years$5,514$4,102$3,005$2,173$1,554$639
28 years$5,260$3,866$2,794$1,991$1,402$553
29 years$5,024$3,647$2,600$1,826$1,266$479
30 years$4,804$3,444$2,422$1,675$1,144$415
31 years$4,599$3,256$2,258$1,539$1,034$360
32 years$4,407$3,080$2,106$1,414$936$312
33 years$4,226$2,917$1,967$1,300$847$271
34 years$4,057$2,765$1,838$1,197$767$235
35 years$3,898$2,622$1,718$1,101$694$204
36 years$3,748$2,489$1,607$1,014$629$177
37 years$3,607$2,364$1,504$935$570$154
38 years$3,473$2,247$1,409$862$517$134
39 years$3,346$2,136$1,320$794$469$116
40 years$3,226$2,033$1,237$733$425$101
41 years$3,113$1,935$1,160$676$386$87
42 years$3,005$1,843$1,088$624$350$76
43 years$2,902$1,756$1,021$576$318$66
44 years$2,804$1,674$958$532$288$57
45 years$2,711$1,596$900$491$262$50
46 years$2,622$1,522$845$454$238$43
47 years$2,537$1,453$794$419$216$38
48 years$2,456$1,387$746$387$196$33
49 years$2,378$1,324$701$358$178$28
50 years$2,304$1,265$659$331$162$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,360,000, adding $3,372 every year, while hoping to spend $35,468 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: 43/32/25 Blend
54$2,360,000$2,360,000$2,360,000$2,360,000
55$2,604,198$2,479,118$2,442,538$2,697,070
56$2,832,089$2,562,857$2,486,626$2,847,358
57$3,082,035$2,649,511$2,531,001$3,006,432
58$3,356,250$2,739,184$2,575,637$3,178,089
59$3,657,171$2,831,987$2,620,503$3,363,514
60$3,987,480$2,928,032$2,665,568$3,564,007
61$4,350,135$3,027,438$2,710,797$3,781,000
62$4,748,393$3,130,327$2,756,153$4,016,070
63$5,185,841$3,236,825$2,801,596$4,270,947
64$5,666,432$3,347,065$2,847,085$4,547,538
65$6,194,520$3,461,182$2,892,574$4,847,942
66$6,774,901$3,579,321$2,938,015$5,174,466
67$7,412,861$3,701,627$2,983,358$5,529,650
68$8,114,220$3,828,254$3,028,548$5,916,292
69$8,885,393$3,959,361$3,073,527$6,337,468
70$9,733,446$4,095,113$3,118,234$6,796,568
71$10,666,166$4,235,682$3,162,603$7,297,322
72$11,692,131$4,381,246$3,206,566$7,843,836
73$12,820,791$4,531,990$3,250,048$8,440,632
74$14,062,561$4,688,106$3,292,974$9,092,690
75$15,428,913$4,849,795$3,335,260$9,805,492
76$16,932,491$5,017,263$3,376,820$10,585,077
77$18,587,223$5,190,728$3,417,562$11,438,093
78$20,408,458$5,370,412$3,457,388$12,371,865
79$22,413,108$5,556,548$3,496,197$13,394,458
80$24,619,805$5,749,379$3,533,880$14,514,754
81$27,049,083$5,949,157$3,570,324$15,742,539
82$29,723,567$6,156,143$3,605,406$17,088,591
83$32,668,185$6,370,608$3,639,002$18,564,780
84$35,910,408$6,592,836$3,670,977$20,184,185
85$39,480,505$6,823,120$3,701,190$21,961,212
86$43,411,829$7,061,766$3,729,493$23,911,729
87$47,741,135$7,309,092$3,755,730$26,053,220
88$52,508,921$7,565,428$3,779,737$28,404,944
89$57,759,814$7,831,116$3,801,341$30,988,118
90$63,542,989$8,106,516$3,820,360$33,826,119
91$69,912,637$8,391,998$3,836,605$36,944,700
92$76,928,469$8,687,949$3,849,874$40,372,234
93$84,656,285$8,994,771$3,859,958$44,139,983
94$93,168,594$9,312,882$3,866,634$48,282,388
95$102,545,295$9,642,717$3,869,670$52,837,398
96$112,874,435$9,984,730$3,868,824$57,846,823
97$124,253,037$10,339,392$3,863,839$63,356,731
98$136,788,016$10,707,192$3,854,448$69,417,881
99$150,597,191$11,088,642$3,840,369$76,086,201
100$165,810,391$11,484,271$3,821,308$83,423,314