Can I retire at age 55 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$195,712$193,969$192,268$190,608$188,987$181,776
2 years$96,887$95,083$93,334$91,639$89,994$82,814
3 years$63,950$62,138$60,393$58,714$57,096$50,172
4 years$47,484$45,678$43,951$42,300$40,721$34,107
5 years$37,608$35,812$34,108$32,490$30,956$24,668
6 years$31,025$29,243$27,564$25,983$24,494$18,538
7 years$26,326$24,558$22,906$21,362$19,920$14,293
8 years$22,802$21,051$19,426$17,920$16,526$11,222
9 years$20,064$18,329$16,732$15,264$13,917$8,930
10 years$17,874$16,156$14,587$13,158$11,858$7,178
11 years$16,083$14,383$12,842$11,451$10,198$5,814
12 years$14,592$12,909$11,397$10,044$8,838$4,739
13 years$13,332$11,666$10,183$8,867$7,707$3,881
14 years$12,252$10,604$9,149$7,872$6,756$3,190
15 years$11,317$9,687$8,260$7,020$5,948$2,631
16 years$10,500$8,888$7,489$6,286$5,257$2,175
17 years$9,780$8,185$6,815$5,648$4,661$1,802
18 years$9,140$7,564$6,221$5,090$4,145$1,496
19 years$8,569$7,010$5,695$4,599$3,694$1,243
20 years$8,055$6,514$5,227$4,165$3,300$1,034
21 years$7,591$6,067$4,808$3,780$2,953$862
22 years$7,169$5,664$4,431$3,437$2,647$718
23 years$6,785$5,297$4,091$3,130$2,376$599
24 years$6,433$4,963$3,784$2,855$2,136$500
25 years$6,110$4,658$3,504$2,607$1,922$417
26 years$5,813$4,377$3,250$2,384$1,731$349
27 years$5,537$4,120$3,018$2,182$1,561$291
28 years$5,282$3,882$2,806$1,999$1,408$243
29 years$5,045$3,662$2,611$1,833$1,272$203
30 years$4,824$3,458$2,432$1,683$1,149$170
31 years$4,618$3,269$2,267$1,545$1,039$142
32 years$4,425$3,094$2,115$1,420$940$119
33 years$4,244$2,930$1,975$1,306$850$99
34 years$4,074$2,777$1,845$1,202$770$83
35 years$3,915$2,634$1,725$1,106$697$70
36 years$3,764$2,500$1,614$1,019$632$58
37 years$3,622$2,374$1,511$939$573$49
38 years$3,488$2,256$1,415$865$519$41
39 years$3,361$2,145$1,325$798$471$34
40 years$3,240$2,041$1,242$736$427$29
41 years$3,126$1,943$1,165$679$387$24
42 years$3,017$1,851$1,093$626$352$20
43 years$2,914$1,763$1,025$578$319$17
44 years$2,816$1,681$963$534$290$14
45 years$2,722$1,603$904$493$263$12
46 years$2,633$1,529$849$456$239$10
47 years$2,548$1,459$797$421$217$8
48 years$2,466$1,393$749$389$197$7
49 years$2,388$1,330$704$359$179$6
50 years$2,314$1,271$662$332$162$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,370,000, adding $2,523 every year, while hoping to spend $40,888 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: 41/49/10 Blend
54$2,370,000$2,370,000$2,370,000$2,370,000
55$2,614,342$2,488,732$2,451,997$2,713,679
56$2,837,501$2,567,176$2,490,635$2,862,010
57$3,082,051$2,648,093$2,529,196$3,018,175
58$3,350,132$2,731,561$2,567,636$3,186,273
59$3,644,099$2,817,661$2,605,905$3,367,406
60$3,966,546$2,906,475$2,643,952$3,562,782
61$4,320,332$2,998,091$2,681,723$3,773,732
62$4,708,604$3,092,595$2,719,158$4,001,716
63$5,134,828$3,190,079$2,756,197$4,248,343
64$5,602,825$3,290,637$2,792,774$4,515,379
65$6,116,801$3,394,367$2,828,820$4,804,769
66$6,681,392$3,501,367$2,864,262$5,118,650
67$7,301,702$3,611,742$2,899,023$5,459,374
68$7,983,355$3,725,598$2,933,020$5,829,528
69$8,732,550$3,843,044$2,966,169$6,231,961
70$9,556,111$3,964,194$2,998,376$6,669,806
71$10,461,560$4,089,165$3,029,548$7,146,510
72$11,457,182$4,218,078$3,059,581$7,665,869
73$12,552,107$4,351,056$3,088,369$8,232,062
74$13,756,393$4,488,229$3,115,801$8,849,686
75$15,081,121$4,629,728$3,141,756$9,523,804
76$16,538,501$4,775,690$3,166,110$10,259,992
77$18,141,985$4,926,256$3,188,732$11,064,385
78$19,906,397$5,081,572$3,209,483$11,943,741
79$21,848,067$5,241,786$3,228,219$12,905,503
80$23,984,991$5,407,055$3,244,785$13,957,863
81$26,336,996$5,577,537$3,259,022$15,109,846
82$28,925,930$5,753,397$3,270,760$16,371,391
83$31,775,866$5,934,805$3,279,821$17,753,444
84$34,913,330$6,121,935$3,286,021$19,268,059
85$38,367,549$6,314,970$3,289,162$20,928,517
86$42,170,730$6,514,094$3,289,040$22,749,442
87$46,358,361$6,719,501$3,285,439$24,746,947
88$50,969,546$6,931,388$3,278,133$26,938,778
89$56,047,374$7,149,961$3,266,885$29,344,484
90$61,639,328$7,375,431$3,251,447$31,985,602
91$67,797,727$7,608,015$3,231,558$34,885,857
92$74,580,225$7,847,937$3,206,946$38,071,385
93$82,050,353$8,095,431$3,177,323$41,570,981
94$90,278,116$8,350,735$3,142,391$45,416,366
95$99,340,658$8,614,095$3,101,835$49,642,490
96$109,322,986$8,885,766$3,055,327$54,287,858
97$120,318,773$9,166,011$3,002,523$59,394,894
98$132,431,243$9,455,101$2,943,063$65,010,338
99$145,774,143$9,753,314$2,876,569$71,185,688
100$160,472,819$10,060,940$2,802,647$77,977,687