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%13.5%
1 years$196,538$194,788$193,080$191,412$189,785$187,026
2 years$97,296$95,484$93,728$92,025$90,374$87,600
3 years$64,220$62,400$60,648$58,961$57,337$54,634
4 years$47,685$45,871$44,136$42,478$40,893$38,283
5 years$37,766$35,963$34,252$32,627$31,086$28,576
6 years$31,156$29,367$27,680$26,092$24,597$22,190
7 years$26,437$24,662$23,003$21,452$20,004$17,700
8 years$22,899$21,140$19,508$17,996$16,596$14,395
9 years$20,148$18,406$16,802$15,328$13,976$11,877
10 years$17,949$16,224$14,649$13,213$11,908$9,910
11 years$16,151$14,443$12,896$11,499$10,241$8,342
12 years$14,654$12,964$11,445$10,086$8,875$7,072
13 years$13,388$11,715$10,226$8,905$7,739$6,030
14 years$12,304$10,649$9,188$7,905$6,784$5,166
15 years$11,365$9,728$8,295$7,050$5,973$4,443
16 years$10,544$8,925$7,521$6,312$5,279$3,834
17 years$9,821$8,220$6,844$5,671$4,681$3,318
18 years$9,179$7,595$6,247$5,111$4,162$2,879
19 years$8,605$7,039$5,719$4,618$3,710$2,502
20 years$8,089$6,541$5,249$4,183$3,314$2,179
21 years$7,623$6,093$4,828$3,796$2,965$1,900
22 years$7,199$5,688$4,450$3,452$2,658$1,659
23 years$6,814$5,319$4,108$3,143$2,386$1,451
24 years$6,460$4,984$3,800$2,867$2,145$1,270
25 years$6,136$4,677$3,519$2,618$1,930$1,112
26 years$5,837$4,396$3,264$2,394$1,738$975
27 years$5,561$4,137$3,031$2,191$1,567$855
28 years$5,305$3,898$2,818$2,008$1,414$750
29 years$5,066$3,678$2,622$1,841$1,277$658
30 years$4,845$3,473$2,442$1,690$1,154$578
31 years$4,638$3,283$2,277$1,552$1,043$508
32 years$4,444$3,107$2,124$1,426$944$447
33 years$4,262$2,942$1,983$1,311$854$393
34 years$4,092$2,788$1,853$1,207$773$345
35 years$3,931$2,645$1,733$1,111$700$304
36 years$3,780$2,510$1,621$1,023$634$267
37 years$3,637$2,384$1,517$943$575$235
38 years$3,502$2,266$1,421$869$521$207
39 years$3,375$2,155$1,331$801$473$182
40 years$3,254$2,050$1,248$739$429$160
41 years$3,139$1,951$1,170$682$389$141
42 years$3,030$1,858$1,097$629$353$124
43 years$2,926$1,771$1,030$581$320$109
44 years$2,828$1,688$967$536$291$96
45 years$2,734$1,609$908$495$264$85
46 years$2,644$1,535$852$457$240$75
47 years$2,559$1,465$801$423$218$66
48 years$2,477$1,399$753$391$198$58
49 years$2,399$1,336$707$361$180$51
50 years$2,324$1,276$665$334$163$45

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 $2,004 every year, while hoping to spend $55,663 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: 67/7/26 Blend
54$2,380,000$2,380,000$2,380,000$2,380,000
55$2,624,827$2,498,687$2,461,797$2,782,837
56$2,833,334$2,561,898$2,485,042$2,952,606
57$3,061,244$2,626,340$2,507,201$3,131,718
58$3,310,476$2,692,016$2,528,177$3,326,349
59$3,583,145$2,758,925$2,547,871$3,538,036
60$3,881,578$2,827,065$2,566,177$3,768,469
61$4,208,339$2,896,431$2,582,985$4,019,510
62$4,566,252$2,967,019$2,598,177$4,293,212
63$4,958,425$3,038,818$2,611,631$4,591,837
64$5,388,281$3,111,817$2,623,217$4,917,878
65$5,859,592$3,186,002$2,632,801$5,274,080
66$6,376,510$3,261,356$2,640,240$5,663,472
67$6,943,610$3,337,858$2,645,384$6,089,389
68$7,565,930$3,415,485$2,648,076$6,555,508
69$8,249,020$3,494,208$2,648,151$7,065,879
70$8,998,993$3,573,998$2,645,437$7,624,969
71$9,822,583$3,654,817$2,639,753$8,237,697
72$10,727,209$3,736,625$2,630,907$8,909,488
73$11,721,043$3,819,378$2,618,700$9,646,318
74$12,813,086$3,903,025$2,602,924$10,454,775
75$14,013,258$3,987,510$2,583,359$11,342,119
76$15,332,485$4,072,772$2,559,776$12,316,351
77$16,782,803$4,158,743$2,531,933$13,386,289
78$18,377,476$4,245,348$2,499,580$14,561,654
79$20,131,114$4,332,506$2,462,452$15,853,156
80$22,059,817$4,420,128$2,420,273$17,272,600
81$24,181,320$4,508,115$2,372,753$18,832,999
82$26,515,165$4,596,364$2,319,591$20,548,691
83$29,082,884$4,684,758$2,260,470$22,435,481
84$31,908,200$4,773,173$2,195,057$24,510,787
85$35,017,253$4,861,475$2,123,008$26,793,807
86$38,438,843$4,949,517$2,043,959$29,305,696
87$42,204,705$5,037,144$1,957,532$32,069,774
88$46,349,806$5,124,184$1,863,330$35,111,739
89$50,912,673$5,210,457$1,760,939$38,459,913
90$55,935,762$5,295,766$1,649,927$42,145,512
91$61,465,851$5,379,899$1,529,840$46,202,939
92$67,554,485$5,462,631$1,400,207$50,670,106
93$74,258,462$5,543,719$1,260,533$55,588,802
94$81,640,367$5,622,904$1,110,303$61,005,077
95$89,769,164$5,699,906$948,978$66,969,685
96$98,720,845$5,774,427$775,995$73,538,562
97$108,579,147$5,846,150$590,767$80,773,354
98$119,436,342$5,914,734$392,680$88,741,999
99$131,394,108$5,979,815$181,093$97,519,372
100$144,564,487$6,041,005$0$107,187,990