Can I retire at age 55 with 2,390,000?

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 $2,390,000?

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$197,364$195,606$193,891$192,217$190,582$186,277
2 years$97,705$95,885$94,122$92,412$90,753$86,440
3 years$64,490$62,662$60,903$59,209$57,578$53,390
4 years$47,885$46,063$44,322$42,657$41,065$37,035
5 years$37,925$36,114$34,396$32,765$31,217$27,356
6 years$31,287$29,490$27,797$26,202$24,701$21,013
7 years$26,548$24,766$23,099$21,542$20,088$16,574
8 years$22,995$21,229$19,590$18,071$16,665$13,324
9 years$20,233$18,483$16,873$15,393$14,035$10,863
10 years$18,025$16,292$14,710$13,269$11,958$8,953
11 years$16,219$14,504$12,951$11,548$10,284$7,442
12 years$14,715$13,018$11,493$10,129$8,912$6,228
13 years$13,444$11,764$10,268$8,942$7,772$5,240
14 years$12,355$10,694$9,226$7,938$6,813$4,429
15 years$11,413$9,769$8,330$7,079$5,998$3,757
16 years$10,589$8,963$7,552$6,339$5,301$3,197
17 years$9,862$8,254$6,872$5,695$4,701$2,728
18 years$9,217$7,627$6,274$5,133$4,180$2,332
19 years$8,641$7,069$5,743$4,638$3,725$1,997
20 years$8,123$6,569$5,271$4,200$3,327$1,714
21 years$7,655$6,119$4,848$3,812$2,978$1,472
22 years$7,230$5,711$4,468$3,466$2,669$1,266
23 years$6,842$5,342$4,126$3,157$2,396$1,089
24 years$6,488$5,005$3,816$2,879$2,154$938
25 years$6,162$4,697$3,534$2,629$1,938$809
26 years$5,862$4,414$3,278$2,404$1,746$698
27 years$5,584$4,154$3,044$2,201$1,574$602
28 years$5,327$3,915$2,829$2,016$1,420$520
29 years$5,088$3,693$2,633$1,849$1,282$449
30 years$4,865$3,488$2,453$1,697$1,159$388
31 years$4,657$3,297$2,286$1,558$1,047$335
32 years$4,463$3,120$2,133$1,432$948$290
33 years$4,280$2,954$1,992$1,317$858$251
34 years$4,109$2,800$1,861$1,212$776$217
35 years$3,948$2,656$1,740$1,115$703$187
36 years$3,796$2,521$1,628$1,027$637$162
37 years$3,653$2,394$1,523$947$577$140
38 years$3,517$2,275$1,427$872$524$121
39 years$3,389$2,164$1,337$804$475$105
40 years$3,268$2,058$1,253$742$431$91
41 years$3,152$1,959$1,175$685$391$79
42 years$3,043$1,866$1,102$632$354$68
43 years$2,939$1,778$1,034$583$322$59
44 years$2,840$1,695$971$538$292$51
45 years$2,745$1,616$911$497$265$44
46 years$2,655$1,542$856$459$241$38
47 years$2,569$1,471$804$424$219$33
48 years$2,487$1,405$756$392$198$29
49 years$2,409$1,341$710$362$180$25
50 years$2,333$1,281$668$335$164$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,390,000, adding $4,880 every year, while hoping to spend $55,928 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: 75/5/20 Blend
54$2,390,000$2,390,000$2,390,000$2,390,000
55$2,638,814$2,512,144$2,475,099$2,823,913
56$2,848,466$2,575,732$2,498,508$3,010,892
57$3,077,628$2,640,561$2,520,826$3,208,469
58$3,328,231$2,706,634$2,541,959$3,423,592
59$3,602,401$2,773,949$2,561,805$3,657,997
60$3,902,479$2,842,506$2,580,259$3,913,598
61$4,231,044$2,912,301$2,597,209$4,192,503
62$4,590,933$2,983,326$2,612,538$4,497,032
63$4,985,272$3,055,573$2,626,123$4,829,745
64$5,417,506$3,129,032$2,637,833$5,193,458
65$5,891,425$3,203,688$2,647,534$5,591,279
66$6,411,205$3,279,524$2,655,082$6,026,628
67$6,981,447$3,356,520$2,660,326$6,503,274
68$7,607,218$3,434,652$2,663,110$7,025,373
69$8,294,097$3,513,893$2,663,267$7,597,500
70$9,048,233$3,594,212$2,660,624$8,224,700
71$9,876,397$3,675,572$2,654,999$8,912,530
72$10,786,048$3,757,934$2,646,201$9,667,114
73$11,785,406$3,841,254$2,634,029$10,495,201
74$12,883,522$3,925,480$2,618,274$11,404,227
75$14,090,370$4,010,557$2,598,715$12,402,386
76$15,416,937$4,096,424$2,575,122$13,498,711
77$16,875,329$4,183,013$2,547,253$14,703,151
78$18,478,882$4,270,250$2,514,854$16,026,674
79$20,242,288$4,358,052$2,477,663$17,481,365
80$22,181,737$4,446,332$2,435,399$19,080,541
81$24,315,063$4,534,992$2,387,775$20,838,880
82$26,661,918$4,623,925$2,334,484$22,772,554
83$29,243,955$4,713,019$2,275,210$24,899,388
84$32,085,029$4,802,147$2,209,620$27,239,023
85$35,211,425$4,891,175$2,137,365$29,813,107
86$38,652,105$4,979,958$2,058,082$32,645,493
87$42,438,983$5,068,339$1,971,391$35,762,470
88$46,607,219$5,156,147$1,876,892$39,193,010
89$51,195,558$5,243,201$1,774,171$42,969,040
90$56,246,692$5,329,305$1,662,793$47,125,743
91$61,807,661$5,414,247$1,542,303$51,701,894
92$67,930,298$5,497,801$1,412,226$56,740,225
93$74,671,720$5,579,724$1,272,066$62,287,826
94$82,094,861$5,659,757$1,121,306$68,396,593
95$90,269,071$5,737,619$959,404$75,123,719
96$99,270,768$5,813,014$785,796$82,532,228
97$109,184,156$5,885,622$599,890$90,691,581
98$120,102,025$5,955,102$401,072$99,678,321
99$132,126,621$6,021,092$188,697$109,576,803
100$145,370,612$6,083,201$0$120,479,990