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%15.6%
1 years$194,887$193,151$191,457$189,804$188,190$183,864
2 years$96,479$94,682$92,940$91,252$89,614$85,280
3 years$63,680$61,876$60,139$58,466$56,855$52,648
4 years$47,284$45,485$43,765$42,121$40,549$36,502
5 years$37,449$35,661$33,964$32,353$30,825$26,948
6 years$30,895$29,120$27,448$25,873$24,391$20,688
7 years$26,215$24,455$22,809$21,272$19,836$16,309
8 years$22,706$20,962$19,344$17,844$16,456$13,103
9 years$19,979$18,251$16,661$15,199$13,858$10,676
10 years$17,798$16,088$14,525$13,102$11,808$8,794
11 years$16,015$14,322$12,788$11,403$10,155$7,305
12 years$14,531$12,855$11,349$10,002$8,800$6,109
13 years$13,275$11,617$10,140$8,830$7,674$5,137
14 years$12,200$10,559$9,110$7,838$6,727$4,339
15 years$11,269$9,646$8,226$6,990$5,923$3,678
16 years$10,456$8,850$7,458$6,259$5,235$3,128
17 years$9,738$8,151$6,786$5,624$4,642$2,667
18 years$9,102$7,532$6,195$5,068$4,127$2,278
19 years$8,532$6,980$5,671$4,580$3,679$1,950
20 years$8,021$6,486$5,205$4,148$3,286$1,671
21 years$7,559$6,042$4,787$3,764$2,940$1,435
22 years$7,139$5,640$4,412$3,423$2,636$1,233
23 years$6,756$5,275$4,074$3,117$2,366$1,060
24 years$6,406$4,942$3,768$2,843$2,127$913
25 years$6,084$4,638$3,490$2,596$1,914$786
26 years$5,788$4,359$3,236$2,374$1,724$677
27 years$5,514$4,102$3,005$2,173$1,554$584
28 years$5,260$3,866$2,794$1,991$1,402$504
29 years$5,024$3,647$2,600$1,826$1,266$435
30 years$4,804$3,444$2,422$1,675$1,144$375
31 years$4,599$3,256$2,258$1,539$1,034$324
32 years$4,407$3,080$2,106$1,414$936$280
33 years$4,226$2,917$1,967$1,300$847$242
34 years$4,057$2,765$1,838$1,197$767$209
35 years$3,898$2,622$1,718$1,101$694$181
36 years$3,748$2,489$1,607$1,014$629$156
37 years$3,607$2,364$1,504$935$570$135
38 years$3,473$2,247$1,409$862$517$117
39 years$3,346$2,136$1,320$794$469$101
40 years$3,226$2,033$1,237$733$425$87
41 years$3,113$1,935$1,160$676$386$75
42 years$3,005$1,843$1,088$624$350$65
43 years$2,902$1,756$1,021$576$318$56
44 years$2,804$1,674$958$532$288$49
45 years$2,711$1,596$900$491$262$42
46 years$2,622$1,522$845$454$238$36
47 years$2,537$1,453$794$419$216$32
48 years$2,456$1,387$746$387$196$27
49 years$2,378$1,324$701$358$178$24
50 years$2,304$1,265$659$331$162$20

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 $3,265 every year, while hoping to spend $35,789 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: 36/37/27 Blend
54$2,360,000$2,360,000$2,360,000$2,360,000
55$2,604,088$2,479,008$2,442,428$2,676,603
56$2,831,626$2,562,400$2,486,170$2,814,093
57$3,081,173$2,648,679$2,530,178$2,958,938
58$3,354,936$2,737,948$2,574,423$3,114,619
59$3,655,348$2,830,315$2,618,874$3,282,134
60$3,985,084$2,925,892$2,663,497$3,462,579
61$4,347,096$3,024,794$2,708,258$3,657,160
62$4,744,633$3,127,142$2,753,117$3,867,203
63$5,181,273$3,233,060$2,798,035$4,094,163
64$5,660,961$3,342,677$2,842,966$4,339,643
65$6,188,039$3,456,128$2,887,866$4,605,407
66$6,767,293$3,573,553$2,932,684$4,893,392
67$7,403,996$3,695,096$2,977,368$5,205,733
68$8,103,955$3,820,908$3,021,861$5,544,775
69$8,873,570$3,951,144$3,066,105$5,913,103
70$9,719,891$4,085,966$3,110,036$6,313,557
71$10,650,684$4,225,543$3,153,586$6,749,266
72$11,674,508$4,370,049$3,196,686$7,223,674
73$12,800,793$4,519,666$3,239,260$7,740,570
74$14,039,926$4,674,581$3,281,227$8,304,127
75$15,403,354$4,834,992$3,322,504$8,918,938
76$16,903,689$5,001,100$3,363,001$9,590,061
77$18,554,829$5,173,117$3,402,625$10,323,066
78$20,372,084$5,351,262$3,441,275$11,124,083
79$22,372,326$5,535,764$3,478,847$11,999,865
80$24,574,145$5,726,857$3,515,230$12,957,849
81$26,998,024$5,924,790$3,550,307$14,006,223
82$29,666,534$6,129,817$3,583,954$15,154,007
83$32,604,546$6,342,203$3,616,042$16,411,135
84$35,839,464$6,562,225$3,646,434$17,788,546
85$39,401,485$6,790,170$3,674,985$19,298,293
86$43,323,884$7,026,335$3,701,544$20,953,650
87$47,643,326$7,271,032$3,725,952$22,769,238
88$52,400,214$7,524,581$3,748,040$24,761,164
89$57,639,068$7,787,318$3,767,632$26,947,172
90$63,408,948$8,059,591$3,784,542$29,346,808
91$69,763,912$8,341,762$3,798,575$31,981,605
92$76,763,530$8,634,208$3,809,527$34,875,284
93$84,473,447$8,937,321$3,817,183$38,053,979
94$92,965,996$9,251,507$3,821,316$41,546,483
95$102,320,887$9,577,191$3,821,690$45,384,516
96$112,625,957$9,914,812$3,818,055$49,603,027
97$123,977,996$10,264,829$3,810,152$54,240,520
98$136,483,665$10,627,720$3,797,705$59,339,418
99$150,260,500$11,003,979$3,780,430$64,946,462
100$165,438,020$11,394,123$3,758,023$71,113,153