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

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$196,538$194,788$193,080$191,412$189,785$183,416
2 years$97,296$95,484$93,728$92,025$90,374$84,020
3 years$64,220$62,400$60,648$58,961$57,337$51,198
4 years$47,685$45,871$44,136$42,478$40,893$35,016
5 years$37,766$35,963$34,252$32,627$31,086$25,486
6 years$31,156$29,367$27,680$26,092$24,597$19,279
7 years$26,437$24,662$23,003$21,452$20,004$14,967
8 years$22,899$21,140$19,508$17,996$16,596$11,835
9 years$20,148$18,406$16,802$15,328$13,976$9,487
10 years$17,949$16,224$14,649$13,213$11,908$7,684
11 years$16,151$14,443$12,896$11,499$10,241$6,273
12 years$14,654$12,964$11,445$10,086$8,875$5,154
13 years$13,388$11,715$10,226$8,905$7,739$4,255
14 years$12,304$10,649$9,188$7,905$6,784$3,528
15 years$11,365$9,728$8,295$7,050$5,973$2,934
16 years$10,544$8,925$7,521$6,312$5,279$2,447
17 years$9,821$8,220$6,844$5,671$4,681$2,046
18 years$9,179$7,595$6,247$5,111$4,162$1,713
19 years$8,605$7,039$5,719$4,618$3,710$1,437
20 years$8,089$6,541$5,249$4,183$3,314$1,207
21 years$7,623$6,093$4,828$3,796$2,965$1,014
22 years$7,199$5,688$4,450$3,452$2,658$853
23 years$6,814$5,319$4,108$3,143$2,386$719
24 years$6,460$4,984$3,800$2,867$2,145$605
25 years$6,136$4,677$3,519$2,618$1,930$510
26 years$5,837$4,396$3,264$2,394$1,738$430
27 years$5,561$4,137$3,031$2,191$1,567$363
28 years$5,305$3,898$2,818$2,008$1,414$306
29 years$5,066$3,678$2,622$1,841$1,277$259
30 years$4,845$3,473$2,442$1,690$1,154$218
31 years$4,638$3,283$2,277$1,552$1,043$184
32 years$4,444$3,107$2,124$1,426$944$156
33 years$4,262$2,942$1,983$1,311$854$132
34 years$4,092$2,788$1,853$1,207$773$111
35 years$3,931$2,645$1,733$1,111$700$94
36 years$3,780$2,510$1,621$1,023$634$79
37 years$3,637$2,384$1,517$943$575$67
38 years$3,502$2,266$1,421$869$521$57
39 years$3,375$2,155$1,331$801$473$48
40 years$3,254$2,050$1,248$739$429$40
41 years$3,139$1,951$1,170$682$389$34
42 years$3,030$1,858$1,097$629$353$29
43 years$2,926$1,771$1,030$581$320$24
44 years$2,828$1,688$967$536$291$21
45 years$2,734$1,609$908$495$264$17
46 years$2,644$1,535$852$457$240$15
47 years$2,559$1,465$801$423$218$12
48 years$2,477$1,399$753$391$198$11
49 years$2,399$1,336$707$361$180$9
50 years$2,324$1,276$665$334$163$8

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 $6,586 every year, while hoping to spend $40,586 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: 38/32/30 Blend
54$2,380,000$2,380,000$2,380,000$2,380,000
55$2,629,553$2,503,413$2,466,523$2,705,805
56$2,854,585$2,582,898$2,505,969$2,842,173
57$3,101,209$2,664,916$2,545,375$2,985,287
58$3,371,586$2,749,550$2,584,699$3,139,203
59$3,668,093$2,836,884$2,623,892$3,304,930
60$3,993,352$2,927,005$2,662,906$3,483,580
61$4,350,247$3,020,001$2,701,687$3,676,374
62$4,741,957$3,115,966$2,740,178$3,884,656
63$5,171,983$3,214,995$2,778,320$4,109,908
64$5,644,182$3,317,186$2,816,050$4,353,756
65$6,162,801$3,422,641$2,853,301$4,617,994
66$6,732,522$3,531,465$2,890,001$4,904,595
67$7,358,499$3,643,767$2,926,076$5,215,732
68$8,046,412$3,759,658$2,961,446$5,553,794
69$8,802,519$3,879,254$2,996,027$5,921,417
70$9,633,713$4,002,675$3,029,731$6,321,499
71$10,547,589$4,130,043$3,062,464$6,757,233
72$11,552,515$4,261,486$3,094,128$7,232,135
73$12,657,708$4,397,136$3,124,618$7,750,079
74$13,873,327$4,537,128$3,153,826$8,315,328
75$15,210,561$4,681,602$3,181,634$8,932,581
76$16,681,741$4,830,704$3,207,922$9,607,011
77$18,300,453$4,984,582$3,232,561$10,344,319
78$20,081,664$5,143,391$3,255,416$11,150,782
79$22,041,867$5,307,291$3,276,346$12,033,318
80$24,199,234$5,476,445$3,295,201$12,999,544
81$26,573,790$5,651,025$3,311,824$14,057,854
82$29,187,597$5,831,206$3,326,050$15,217,497
83$32,064,966$6,017,168$3,337,707$16,488,658
84$35,232,683$6,209,101$3,346,611$17,882,563
85$38,720,266$6,407,196$3,352,572$19,411,577
86$42,560,239$6,611,654$3,355,389$21,089,325
87$46,788,440$6,822,682$3,354,851$22,930,820
88$51,444,360$7,040,492$3,350,737$24,952,602
89$56,571,514$7,265,305$3,342,816$27,172,895
90$62,217,852$7,497,349$3,330,844$29,611,780
91$68,436,212$7,736,858$3,314,566$32,291,384
92$75,284,817$7,984,076$3,293,716$35,236,087
93$82,827,825$8,239,252$3,268,012$38,472,753
94$91,135,935$8,502,647$3,237,162$42,030,985
95$100,287,052$8,774,528$3,200,858$45,943,400
96$110,367,023$9,055,172$3,158,779$50,245,943
97$121,470,447$9,344,864$3,110,586$54,978,218
98$133,701,570$9,643,899$3,055,928$60,183,869
99$147,175,263$9,952,583$2,994,434$65,910,989
100$162,018,111$10,271,231$2,925,719$72,212,571