Can I retire at age 55 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$196,538$194,788$193,080$191,412$189,785$187,569
2 years$97,296$95,484$93,728$92,025$90,374$88,143
3 years$64,220$62,400$60,648$58,961$57,337$55,161
4 years$47,685$45,871$44,136$42,478$40,893$38,789
5 years$37,766$35,963$34,252$32,627$31,086$29,060
6 years$31,156$29,367$27,680$26,092$24,597$22,651
7 years$26,437$24,662$23,003$21,452$20,004$18,139
8 years$22,899$21,140$19,508$17,996$16,596$14,811
9 years$20,148$18,406$16,802$15,328$13,976$12,271
10 years$17,949$16,224$14,649$13,213$11,908$10,282
11 years$16,151$14,443$12,896$11,499$10,241$8,693
12 years$14,654$12,964$11,445$10,086$8,875$7,402
13 years$13,388$11,715$10,226$8,905$7,739$6,341
14 years$12,304$10,649$9,188$7,905$6,784$5,458
15 years$11,365$9,728$8,295$7,050$5,973$4,717
16 years$10,544$8,925$7,521$6,312$5,279$4,090
17 years$9,821$8,220$6,844$5,671$4,681$3,557
18 years$9,179$7,595$6,247$5,111$4,162$3,101
19 years$8,605$7,039$5,719$4,618$3,710$2,710
20 years$8,089$6,541$5,249$4,183$3,314$2,372
21 years$7,623$6,093$4,828$3,796$2,965$2,079
22 years$7,199$5,688$4,450$3,452$2,658$1,826
23 years$6,814$5,319$4,108$3,143$2,386$1,605
24 years$6,460$4,984$3,800$2,867$2,145$1,412
25 years$6,136$4,677$3,519$2,618$1,930$1,243
26 years$5,837$4,396$3,264$2,394$1,738$1,096
27 years$5,561$4,137$3,031$2,191$1,567$966
28 years$5,305$3,898$2,818$2,008$1,414$853
29 years$5,066$3,678$2,622$1,841$1,277$753
30 years$4,845$3,473$2,442$1,690$1,154$665
31 years$4,638$3,283$2,277$1,552$1,043$588
32 years$4,444$3,107$2,124$1,426$944$520
33 years$4,262$2,942$1,983$1,311$854$460
34 years$4,092$2,788$1,853$1,207$773$407
35 years$3,931$2,645$1,733$1,111$700$360
36 years$3,780$2,510$1,621$1,023$634$318
37 years$3,637$2,384$1,517$943$575$282
38 years$3,502$2,266$1,421$869$521$250
39 years$3,375$2,155$1,331$801$473$221
40 years$3,254$2,050$1,248$739$429$196
41 years$3,139$1,951$1,170$682$389$173
42 years$3,030$1,858$1,097$629$353$154
43 years$2,926$1,771$1,030$581$320$136
44 years$2,828$1,688$967$536$291$120
45 years$2,734$1,609$908$495$264$107
46 years$2,644$1,535$852$457$240$95
47 years$2,559$1,465$801$423$218$84
48 years$2,477$1,399$753$391$198$74
49 years$2,399$1,336$707$361$180$66
50 years$2,324$1,276$665$334$163$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,380,000, adding $3,986 every year, while hoping to spend $30,448 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: 36/44/20 Blend
54$2,380,000$2,380,000$2,380,000$2,380,000
55$2,626,872$2,500,732$2,463,842$2,705,379
56$2,862,416$2,590,871$2,513,984$2,853,166
57$3,120,966$2,684,407$2,564,785$3,009,477
58$3,404,834$2,781,473$2,616,236$3,177,598
59$3,716,572$2,882,210$2,668,325$3,358,604
60$4,058,987$2,986,763$2,721,038$3,553,673
61$4,435,173$3,095,284$2,774,362$3,764,100
62$4,848,539$3,207,930$2,828,281$3,991,306
63$5,302,838$3,324,867$2,882,777$4,236,853
64$5,802,208$3,446,266$2,937,831$4,502,458
65$6,351,206$3,572,306$2,993,421$4,790,007
66$6,954,853$3,703,173$3,049,524$5,101,573
67$7,618,680$3,839,061$3,106,115$5,439,435
68$8,348,782$3,980,171$3,163,167$5,806,098
69$9,151,874$4,126,716$3,220,649$6,204,317
70$10,035,354$4,278,914$3,278,530$6,637,123
71$11,007,374$4,436,994$3,336,774$7,107,848
72$12,076,915$4,601,195$3,395,345$7,620,157
73$13,253,872$4,771,766$3,454,201$8,178,083
74$14,549,151$4,948,966$3,513,300$8,786,062
75$15,974,764$5,133,066$3,572,596$9,448,977
76$17,543,950$5,324,346$3,632,038$10,172,198
77$19,271,296$5,523,102$3,691,574$10,961,638
78$21,172,874$5,729,640$3,751,148$11,823,802
79$23,266,394$5,944,279$3,810,698$12,765,852
80$25,571,370$6,167,352$3,870,160$13,795,671
81$28,109,306$6,399,208$3,929,466$14,921,934
82$30,903,895$6,640,210$3,988,543$16,154,195
83$33,981,246$6,890,734$4,047,314$17,502,971
84$37,370,130$7,151,177$4,105,696$18,979,839
85$41,102,248$7,421,949$4,163,601$20,597,550
86$45,212,534$7,703,481$4,220,938$22,370,141
87$49,739,481$7,996,221$4,277,608$24,313,070
88$54,725,508$8,300,635$4,333,508$26,443,360
89$60,217,357$8,617,213$4,388,527$28,779,757
90$66,266,534$8,946,463$4,442,550$31,342,907
91$72,929,798$9,288,917$4,495,453$34,155,545
92$80,269,693$9,645,130$4,547,106$37,242,715
93$88,355,141$10,015,681$4,597,374$40,631,998
94$97,262,090$10,401,174$4,646,110$44,353,774
95$107,074,231$10,802,239$4,693,163$48,441,504
96$117,883,790$11,219,537$4,738,371$52,932,046
97$129,792,396$11,653,753$4,781,566$57,866,003
98$142,912,040$12,105,606$4,822,568$63,288,097
99$157,366,133$12,575,847$4,861,189$69,247,596
100$173,290,672$13,065,256$4,897,232$75,798,773