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

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$194,887$193,151$191,457$189,804$188,190$183,047
2 years$96,479$94,682$92,940$91,252$89,614$84,470
3 years$63,680$61,876$60,139$58,466$56,855$51,871
4 years$47,284$45,485$43,765$42,121$40,549$35,764
5 years$37,449$35,661$33,964$32,353$30,825$26,251
6 years$30,895$29,120$27,448$25,873$24,391$20,033
7 years$26,215$24,455$22,809$21,272$19,836$15,694
8 years$22,706$20,962$19,344$17,844$16,456$12,528
9 years$19,979$18,251$16,661$15,199$13,858$10,140
10 years$17,798$16,088$14,525$13,102$11,808$8,295
11 years$16,015$14,322$12,788$11,403$10,155$6,843
12 years$14,531$12,855$11,349$10,002$8,800$5,681
13 years$13,275$11,617$10,140$8,830$7,674$4,742
14 years$12,200$10,559$9,110$7,838$6,727$3,975
15 years$11,269$9,646$8,226$6,990$5,923$3,344
16 years$10,456$8,850$7,458$6,259$5,235$2,822
17 years$9,738$8,151$6,786$5,624$4,642$2,386
18 years$9,102$7,532$6,195$5,068$4,127$2,022
19 years$8,532$6,980$5,671$4,580$3,679$1,717
20 years$8,021$6,486$5,205$4,148$3,286$1,459
21 years$7,559$6,042$4,787$3,764$2,940$1,242
22 years$7,139$5,640$4,412$3,423$2,636$1,058
23 years$6,756$5,275$4,074$3,117$2,366$902
24 years$6,406$4,942$3,768$2,843$2,127$770
25 years$6,084$4,638$3,490$2,596$1,914$657
26 years$5,788$4,359$3,236$2,374$1,724$561
27 years$5,514$4,102$3,005$2,173$1,554$480
28 years$5,260$3,866$2,794$1,991$1,402$410
29 years$5,024$3,647$2,600$1,826$1,266$351
30 years$4,804$3,444$2,422$1,675$1,144$300
31 years$4,599$3,256$2,258$1,539$1,034$257
32 years$4,407$3,080$2,106$1,414$936$220
33 years$4,226$2,917$1,967$1,300$847$188
34 years$4,057$2,765$1,838$1,197$767$161
35 years$3,898$2,622$1,718$1,101$694$138
36 years$3,748$2,489$1,607$1,014$629$118
37 years$3,607$2,364$1,504$935$570$101
38 years$3,473$2,247$1,409$862$517$87
39 years$3,346$2,136$1,320$794$469$74
40 years$3,226$2,033$1,237$733$425$64
41 years$3,113$1,935$1,160$676$386$54
42 years$3,005$1,843$1,088$624$350$47
43 years$2,902$1,756$1,021$576$318$40
44 years$2,804$1,674$958$532$288$34
45 years$2,711$1,596$900$491$262$29
46 years$2,622$1,522$845$454$238$25
47 years$2,537$1,453$794$419$216$22
48 years$2,456$1,387$746$387$196$18
49 years$2,378$1,324$701$358$178$16
50 years$2,304$1,265$659$331$162$14

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 $2,828 every year, while hoping to spend $59,335 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: 66/11/23 Blend
54$2,360,000$2,360,000$2,360,000$2,360,000
55$2,603,637$2,478,557$2,441,977$2,759,914
56$2,806,076$2,536,874$2,460,651$2,923,631
57$3,027,175$2,596,061$2,477,963$3,095,545
58$3,268,775$2,656,096$2,493,802$3,282,123
59$3,532,902$2,716,956$2,508,057$3,484,810
60$3,821,788$2,778,617$2,520,606$3,705,195
61$4,137,889$2,841,047$2,531,325$3,945,035
62$4,483,909$2,904,215$2,540,080$4,206,259
63$4,862,829$2,968,082$2,546,734$4,490,999
64$5,277,927$3,032,608$2,551,139$4,801,599
65$5,732,817$3,097,747$2,553,143$5,140,647
66$6,231,476$3,163,448$2,552,586$5,510,993
67$6,778,287$3,229,658$2,549,298$5,915,776
68$7,378,076$3,296,314$2,543,103$6,358,458
69$8,036,157$3,363,352$2,533,814$6,842,853
70$8,758,387$3,430,698$2,521,239$7,373,166
71$9,551,214$3,498,274$2,505,172$7,954,031
72$10,421,743$3,565,994$2,485,401$8,590,553
73$11,377,800$3,633,767$2,461,700$9,288,362
74$12,428,005$3,701,491$2,433,837$10,053,659
75$13,581,856$3,769,058$2,401,564$10,893,282
76$14,849,814$3,836,351$2,364,626$11,814,767
77$16,243,407$3,903,243$2,322,752$12,826,417
78$17,775,331$3,969,599$2,275,662$13,937,386
79$19,459,578$4,035,272$2,223,059$15,157,763
80$21,311,559$4,100,105$2,164,636$16,498,666
81$23,348,256$4,163,928$2,100,069$17,972,349
82$25,588,378$4,226,561$2,029,021$19,592,321
83$28,052,538$4,287,808$1,951,140$21,373,467
84$30,763,449$4,347,462$1,866,054$23,332,194
85$33,746,133$4,405,300$1,773,379$25,486,585
86$37,028,162$4,461,084$1,672,712$27,856,572
87$40,639,916$4,514,558$1,563,629$30,464,119
88$44,614,868$4,565,452$1,445,691$33,333,438
89$48,989,900$4,613,475$1,318,437$36,491,209
90$53,805,651$4,658,316$1,181,385$39,966,843
91$59,106,900$4,699,646$1,034,035$43,792,750
92$64,942,988$4,737,113$875,859$48,004,651
93$71,368,284$4,770,343$706,312$52,641,918
94$78,442,695$4,798,936$524,819$57,747,940
95$86,232,233$4,822,467$330,784$63,370,539
96$94,809,639$4,840,485$123,583$69,562,420
97$104,255,064$4,852,511$0$76,381,669
98$114,656,829$4,858,033$0$83,916,243
99$126,112,259$4,856,510$0$92,246,680
100$138,728,597$4,847,366$0$101,420,552