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%17%
1 years$197,364$195,606$193,891$192,217$190,582$185,149
2 years$97,705$95,885$94,122$92,412$90,753$85,322
3 years$64,490$62,662$60,903$59,209$57,578$52,318
4 years$47,885$46,063$44,322$42,657$41,065$36,018
5 years$37,925$36,114$34,396$32,765$31,217$26,396
6 years$31,287$29,490$27,797$26,202$24,701$20,110
7 years$26,548$24,766$23,099$21,542$20,088$15,728
8 years$22,995$21,229$19,590$18,071$16,665$12,533
9 years$20,233$18,483$16,873$15,393$14,035$10,126
10 years$18,025$16,292$14,710$13,269$11,958$8,268
11 years$16,219$14,504$12,951$11,548$10,284$6,807
12 years$14,715$13,018$11,493$10,129$8,912$5,641
13 years$13,444$11,764$10,268$8,942$7,772$4,699
14 years$12,355$10,694$9,226$7,938$6,813$3,931
15 years$11,413$9,769$8,330$7,079$5,998$3,300
16 years$10,589$8,963$7,552$6,339$5,301$2,778
17 years$9,862$8,254$6,872$5,695$4,701$2,344
18 years$9,217$7,627$6,274$5,133$4,180$1,982
19 years$8,641$7,069$5,743$4,638$3,725$1,679
20 years$8,123$6,569$5,271$4,200$3,327$1,424
21 years$7,655$6,119$4,848$3,812$2,978$1,209
22 years$7,230$5,711$4,468$3,466$2,669$1,028
23 years$6,842$5,342$4,126$3,157$2,396$874
24 years$6,488$5,005$3,816$2,879$2,154$744
25 years$6,162$4,697$3,534$2,629$1,938$634
26 years$5,862$4,414$3,278$2,404$1,746$540
27 years$5,584$4,154$3,044$2,201$1,574$461
28 years$5,327$3,915$2,829$2,016$1,420$393
29 years$5,088$3,693$2,633$1,849$1,282$335
30 years$4,865$3,488$2,453$1,697$1,159$286
31 years$4,657$3,297$2,286$1,558$1,047$244
32 years$4,463$3,120$2,133$1,432$948$208
33 years$4,280$2,954$1,992$1,317$858$178
34 years$4,109$2,800$1,861$1,212$776$152
35 years$3,948$2,656$1,740$1,115$703$130
36 years$3,796$2,521$1,628$1,027$637$111
37 years$3,653$2,394$1,523$947$577$95
38 years$3,517$2,275$1,427$872$524$81
39 years$3,389$2,164$1,337$804$475$69
40 years$3,268$2,058$1,253$742$431$59
41 years$3,152$1,959$1,175$685$391$50
42 years$3,043$1,866$1,102$632$354$43
43 years$2,939$1,778$1,034$583$322$37
44 years$2,840$1,695$971$538$292$31
45 years$2,745$1,616$911$497$265$27
46 years$2,655$1,542$856$459$241$23
47 years$2,569$1,471$804$424$219$20
48 years$2,487$1,405$756$392$198$17
49 years$2,409$1,341$710$362$180$14
50 years$2,333$1,281$668$335$164$12

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 $5,538 every year, while hoping to spend $31,701 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: 38/44/18 Blend
54$2,390,000$2,390,000$2,390,000$2,390,000
55$2,639,492$2,512,822$2,475,777$2,725,322
56$2,874,991$2,602,221$2,524,986$2,876,974
57$3,133,448$2,694,938$2,574,781$3,037,333
58$3,417,172$2,791,102$2,625,148$3,209,973
59$3,728,705$2,890,847$2,676,072$3,396,018
60$4,070,848$2,994,314$2,727,536$3,596,701
61$4,446,687$3,101,648$2,779,521$3,813,379
62$4,859,621$3,213,001$2,832,007$4,047,541
63$5,313,394$3,328,530$2,884,971$4,300,825
64$5,812,133$3,448,400$2,938,390$4,575,029
65$6,360,380$3,572,782$2,992,236$4,872,130
66$6,963,145$3,701,854$3,046,482$5,194,303
67$7,625,943$3,835,801$3,101,096$5,543,937
68$8,354,851$3,974,818$3,156,045$5,923,661
69$9,156,567$4,119,105$3,211,294$6,336,364
70$10,038,468$4,268,872$3,266,803$6,785,227
71$11,008,682$4,424,338$3,322,531$7,273,747
72$12,076,166$4,585,729$3,378,435$7,805,771
73$13,250,789$4,753,283$3,434,466$8,385,531
74$14,543,423$4,927,248$3,490,574$9,017,687
75$15,966,049$5,107,880$3,546,705$9,707,363
76$17,531,867$5,295,447$3,602,801$10,460,202
77$19,255,424$5,490,230$3,658,801$11,282,411
78$21,152,745$5,692,519$3,714,639$12,180,824
79$23,241,491$5,902,618$3,770,245$13,162,965
80$25,541,120$6,120,844$3,825,546$14,237,114
81$28,073,076$6,347,527$3,880,463$15,412,387
82$30,860,983$6,583,009$3,934,912$16,698,823
83$33,930,878$6,827,651$3,988,806$18,107,473
84$37,311,447$7,081,826$4,042,051$19,650,505
85$41,034,302$7,345,923$4,094,547$21,341,318
86$45,134,277$7,620,349$4,146,190$23,194,669
87$49,649,755$7,905,528$4,196,870$25,226,804
88$54,623,033$8,201,902$4,246,468$27,455,619
89$60,100,719$8,509,932$4,294,861$29,900,822
90$66,134,173$8,830,098$4,341,919$32,584,118
91$72,779,989$9,162,903$4,387,503$35,529,411
92$80,100,532$9,508,870$4,431,469$38,763,034
93$88,164,525$9,868,544$4,473,662$42,313,987
94$97,047,699$10,242,494$4,513,922$46,214,217
95$106,833,503$10,631,316$4,552,078$50,498,913
96$117,613,898$11,035,628$4,587,950$55,206,835
97$129,490,220$11,456,078$4,621,351$60,380,684
98$142,574,138$11,893,341$4,652,081$66,067,496
99$156,988,706$12,348,121$4,679,932$72,319,090
100$172,869,529$12,821,154$4,704,684$79,192,548