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%18.7%
1 years$195,712$193,969$192,268$190,608$188,987$182,354
2 years$96,887$95,083$93,334$91,639$89,994$83,381
3 years$63,950$62,138$60,393$58,714$57,096$50,711
4 years$47,484$45,678$43,951$42,300$40,721$34,613
5 years$37,608$35,812$34,108$32,490$30,956$25,140
6 years$31,025$29,243$27,564$25,983$24,494$18,975
7 years$26,326$24,558$22,906$21,362$19,920$14,698
8 years$22,802$21,051$19,426$17,920$16,526$11,595
9 years$20,064$18,329$16,732$15,264$13,917$9,272
10 years$17,874$16,156$14,587$13,158$11,858$7,490
11 years$16,083$14,383$12,842$11,451$10,198$6,099
12 years$14,592$12,909$11,397$10,044$8,838$4,997
13 years$13,332$11,666$10,183$8,867$7,707$4,115
14 years$12,252$10,604$9,149$7,872$6,756$3,402
15 years$11,317$9,687$8,260$7,020$5,948$2,822
16 years$10,500$8,888$7,489$6,286$5,257$2,347
17 years$9,780$8,185$6,815$5,648$4,661$1,956
18 years$9,140$7,564$6,221$5,090$4,145$1,633
19 years$8,569$7,010$5,695$4,599$3,694$1,365
20 years$8,055$6,514$5,227$4,165$3,300$1,143
21 years$7,591$6,067$4,808$3,780$2,953$958
22 years$7,169$5,664$4,431$3,437$2,647$803
23 years$6,785$5,297$4,091$3,130$2,376$674
24 years$6,433$4,963$3,784$2,855$2,136$566
25 years$6,110$4,658$3,504$2,607$1,922$476
26 years$5,813$4,377$3,250$2,384$1,731$400
27 years$5,537$4,120$3,018$2,182$1,561$336
28 years$5,282$3,882$2,806$1,999$1,408$283
29 years$5,045$3,662$2,611$1,833$1,272$238
30 years$4,824$3,458$2,432$1,683$1,149$200
31 years$4,618$3,269$2,267$1,545$1,039$169
32 years$4,425$3,094$2,115$1,420$940$142
33 years$4,244$2,930$1,975$1,306$850$120
34 years$4,074$2,777$1,845$1,202$770$101
35 years$3,915$2,634$1,725$1,106$697$85
36 years$3,764$2,500$1,614$1,019$632$71
37 years$3,622$2,374$1,511$939$573$60
38 years$3,488$2,256$1,415$865$519$51
39 years$3,361$2,145$1,325$798$471$43
40 years$3,240$2,041$1,242$736$427$36
41 years$3,126$1,943$1,165$679$387$30
42 years$3,017$1,851$1,093$626$352$25
43 years$2,914$1,763$1,025$578$319$21
44 years$2,816$1,681$963$534$290$18
45 years$2,722$1,603$904$493$263$15
46 years$2,633$1,529$849$456$239$13
47 years$2,548$1,459$797$421$217$11
48 years$2,466$1,393$749$389$197$9
49 years$2,388$1,330$704$359$179$8
50 years$2,314$1,271$662$332$162$6

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 $5,868 every year, while hoping to spend $33,675 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: 65/22/13 Blend
54$2,370,000$2,370,000$2,370,000$2,370,000
55$2,617,793$2,492,183$2,455,448$2,779,680
56$2,848,978$2,578,470$2,501,875$2,974,839
57$3,102,615$2,667,856$2,548,730$3,183,535
58$3,380,959$2,760,458$2,595,989$3,410,728
59$3,686,493$2,856,397$2,643,631$3,658,222
60$4,021,953$2,955,798$2,691,631$3,928,001
61$4,390,352$3,058,793$2,739,960$4,222,252
62$4,795,010$3,165,515$2,788,591$4,543,379
63$5,239,584$3,276,108$2,837,491$4,894,030
64$5,728,101$3,390,718$2,886,627$5,277,121
65$6,265,001$3,509,496$2,935,963$5,695,861
66$6,855,173$3,632,603$2,985,460$6,153,783
67$7,504,004$3,760,204$3,035,075$6,654,779
68$8,217,427$3,892,469$3,084,765$7,203,134
69$9,001,982$4,029,577$3,134,482$7,803,566
70$9,864,873$4,171,715$3,184,176$8,461,271
71$10,814,036$4,319,076$3,233,792$9,181,973
72$11,858,217$4,471,859$3,283,273$9,971,973
73$13,007,050$4,630,276$3,332,558$10,838,214
74$14,271,152$4,794,542$3,381,582$11,788,342
75$15,662,220$4,964,885$3,430,275$12,830,779
76$17,193,143$5,141,541$3,478,566$13,974,801
77$18,878,121$5,324,753$3,526,375$15,230,627
78$20,732,802$5,514,779$3,573,621$16,609,513
79$22,774,427$5,711,883$3,620,217$18,123,859
80$25,021,995$5,916,341$3,666,071$19,787,325
81$27,496,439$6,128,442$3,711,084$21,614,959
82$30,220,825$6,348,486$3,755,156$23,623,340
83$33,220,572$6,576,784$3,798,175$25,830,730
84$36,523,684$6,813,660$3,840,029$28,257,252
85$40,161,025$7,059,455$3,880,594$30,925,073
86$44,166,600$7,314,518$3,919,745$33,858,616
87$48,577,882$7,579,218$3,957,345$37,084,789
88$53,436,162$7,853,937$3,993,252$40,633,240
89$58,786,943$8,139,071$4,027,318$44,536,632
90$64,680,362$8,435,037$4,059,384$48,830,955
91$71,171,670$8,742,265$4,089,285$53,555,862
92$78,321,750$9,061,205$4,116,846$58,755,045
93$86,197,691$9,392,327$4,141,882$64,476,642
94$94,873,422$9,736,118$4,164,202$70,773,696
95$104,430,410$10,093,087$4,183,602$77,704,653
96$114,958,428$10,463,764$4,199,869$85,333,911
97$126,556,401$10,848,702$4,212,778$93,732,428
98$139,333,342$11,248,477$4,222,094$102,978,390
99$153,409,379$11,663,688$4,227,571$113,157,952
100$168,916,890$12,094,962$4,228,948$124,366,045