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%15.5%
1 years$195,712$193,969$192,268$190,608$188,987$184,719
2 years$96,887$95,083$93,334$91,639$89,994$85,716
3 years$63,950$62,138$60,393$58,714$57,096$52,943
4 years$47,484$45,678$43,951$42,300$40,721$36,725
5 years$37,608$35,812$34,108$32,490$30,956$27,127
6 years$31,025$29,243$27,564$25,983$24,494$20,837
7 years$26,326$24,558$22,906$21,362$19,920$16,436
8 years$22,802$21,051$19,426$17,920$16,526$13,212
9 years$20,064$18,329$16,732$15,264$13,917$10,772
10 years$17,874$16,156$14,587$13,158$11,858$8,878
11 years$16,083$14,383$12,842$11,451$10,198$7,380
12 years$14,592$12,909$11,397$10,044$8,838$6,176
13 years$13,332$11,666$10,183$8,867$7,707$5,196
14 years$12,252$10,604$9,149$7,872$6,756$4,392
15 years$11,317$9,687$8,260$7,020$5,948$3,726
16 years$10,500$8,888$7,489$6,286$5,257$3,171
17 years$9,780$8,185$6,815$5,648$4,661$2,705
18 years$9,140$7,564$6,221$5,090$4,145$2,313
19 years$8,569$7,010$5,695$4,599$3,694$1,981
20 years$8,055$6,514$5,227$4,165$3,300$1,699
21 years$7,591$6,067$4,808$3,780$2,953$1,460
22 years$7,169$5,664$4,431$3,437$2,647$1,255
23 years$6,785$5,297$4,091$3,130$2,376$1,080
24 years$6,433$4,963$3,784$2,855$2,136$931
25 years$6,110$4,658$3,504$2,607$1,922$802
26 years$5,813$4,377$3,250$2,384$1,731$692
27 years$5,537$4,120$3,018$2,182$1,561$597
28 years$5,282$3,882$2,806$1,999$1,408$516
29 years$5,045$3,662$2,611$1,833$1,272$445
30 years$4,824$3,458$2,432$1,683$1,149$385
31 years$4,618$3,269$2,267$1,545$1,039$333
32 years$4,425$3,094$2,115$1,420$940$287
33 years$4,244$2,930$1,975$1,306$850$249
34 years$4,074$2,777$1,845$1,202$770$215
35 years$3,915$2,634$1,725$1,106$697$186
36 years$3,764$2,500$1,614$1,019$632$161
37 years$3,622$2,374$1,511$939$573$139
38 years$3,488$2,256$1,415$865$519$120
39 years$3,361$2,145$1,325$798$471$104
40 years$3,240$2,041$1,242$736$427$90
41 years$3,126$1,943$1,165$679$387$78
42 years$3,017$1,851$1,093$626$352$68
43 years$2,914$1,763$1,025$578$319$58
44 years$2,816$1,681$963$534$290$51
45 years$2,722$1,603$904$493$263$44
46 years$2,633$1,529$849$456$239$38
47 years$2,548$1,459$797$421$217$33
48 years$2,466$1,393$749$389$197$28
49 years$2,388$1,330$704$359$179$25
50 years$2,314$1,271$662$332$162$21

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 $5,333 every year, while hoping to spend $29,180 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: 43/40/17 Blend
54$2,370,000$2,370,000$2,370,000$2,370,000
55$2,617,241$2,491,631$2,454,896$2,716,627
56$2,853,152$2,582,674$2,506,088$2,878,139
57$3,112,149$2,677,199$2,558,016$3,049,721
58$3,396,554$2,775,348$2,610,676$3,234,994
59$3,708,927$2,877,265$2,664,059$3,435,231
60$4,052,090$2,983,103$2,718,157$3,651,831
61$4,429,148$3,093,020$2,772,960$3,886,330
62$4,843,524$3,207,181$2,828,457$4,140,417
63$5,298,988$3,325,758$2,884,635$4,415,950
64$5,799,695$3,448,930$2,941,480$4,714,969
65$6,350,220$3,576,883$2,998,976$5,039,719
66$6,955,605$3,709,814$3,057,105$5,392,667
67$7,621,407$3,847,925$3,115,848$5,776,528
68$8,353,745$3,991,427$3,175,183$6,194,287
69$9,159,362$4,140,542$3,235,086$6,649,229
70$10,045,688$4,295,501$3,295,533$7,144,965
71$11,020,911$4,456,542$3,356,496$7,685,472
72$12,094,048$4,623,917$3,417,943$8,275,123
73$13,275,039$4,797,887$3,479,842$8,918,732
74$14,574,834$4,978,725$3,542,158$9,621,596
75$16,005,499$5,166,714$3,604,852$10,389,544
76$17,580,329$5,362,153$3,667,884$11,228,995
77$19,313,974$5,565,349$3,731,209$12,147,013
78$21,222,574$5,776,625$3,794,779$13,151,372
79$23,323,916$5,996,320$3,858,544$14,250,635
80$25,637,599$6,224,784$3,922,449$15,454,227
81$28,185,220$6,462,383$3,986,437$16,772,523
82$30,990,574$6,709,502$4,050,444$18,216,952
83$34,079,884$6,966,539$4,114,405$19,800,094
84$37,482,044$7,233,911$4,178,250$21,535,805
85$41,228,894$7,512,054$4,241,902$23,439,340
86$45,355,518$7,801,422$4,305,283$25,527,503
87$49,900,578$8,102,489$4,368,307$27,818,798
88$54,906,677$8,415,750$4,430,885$30,333,603
89$60,420,759$8,741,723$4,492,921$33,094,366
90$66,494,556$9,080,947$4,554,313$36,125,809
91$73,185,072$9,433,986$4,614,955$39,455,161
92$80,555,126$9,801,427$4,674,732$43,112,416
93$88,673,939$10,183,887$4,733,525$47,130,612
94$97,617,789$10,582,006$4,791,207$51,546,143
95$107,470,734$10,996,454$4,847,643$56,399,098
96$118,325,401$11,427,933$4,902,691$61,733,637
97$130,283,863$11,877,172$4,956,202$67,598,410
98$143,458,599$12,344,937$5,008,018$74,047,010
99$157,973,561$12,832,023$5,057,971$81,138,477
100$173,965,339$13,339,266$5,105,887$88,937,854