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

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$197,364$195,606$193,891$192,217$190,582$186,202
2 years$97,705$95,885$94,122$92,412$90,753$86,364
3 years$64,490$62,662$60,903$59,209$57,578$53,317
4 years$47,885$46,063$44,322$42,657$41,065$36,966
5 years$37,925$36,114$34,396$32,765$31,217$27,291
6 years$31,287$29,490$27,797$26,202$24,701$20,951
7 years$26,548$24,766$23,099$21,542$20,088$16,516
8 years$22,995$21,229$19,590$18,071$16,665$13,269
9 years$20,233$18,483$16,873$15,393$14,035$10,812
10 years$18,025$16,292$14,710$13,269$11,958$8,906
11 years$16,219$14,504$12,951$11,548$10,284$7,398
12 years$14,715$13,018$11,493$10,129$8,912$6,187
13 years$13,444$11,764$10,268$8,942$7,772$5,202
14 years$12,355$10,694$9,226$7,938$6,813$4,394
15 years$11,413$9,769$8,330$7,079$5,998$3,725
16 years$10,589$8,963$7,552$6,339$5,301$3,168
17 years$9,862$8,254$6,872$5,695$4,701$2,700
18 years$9,217$7,627$6,274$5,133$4,180$2,307
19 years$8,641$7,069$5,743$4,638$3,725$1,975
20 years$8,123$6,569$5,271$4,200$3,327$1,693
21 years$7,655$6,119$4,848$3,812$2,978$1,453
22 years$7,230$5,711$4,468$3,466$2,669$1,248
23 years$6,842$5,342$4,126$3,157$2,396$1,074
24 years$6,488$5,005$3,816$2,879$2,154$924
25 years$6,162$4,697$3,534$2,629$1,938$796
26 years$5,862$4,414$3,278$2,404$1,746$686
27 years$5,584$4,154$3,044$2,201$1,574$592
28 years$5,327$3,915$2,829$2,016$1,420$510
29 years$5,088$3,693$2,633$1,849$1,282$440
30 years$4,865$3,488$2,453$1,697$1,159$380
31 years$4,657$3,297$2,286$1,558$1,047$328
32 years$4,463$3,120$2,133$1,432$948$284
33 years$4,280$2,954$1,992$1,317$858$245
34 years$4,109$2,800$1,861$1,212$776$212
35 years$3,948$2,656$1,740$1,115$703$183
36 years$3,796$2,521$1,628$1,027$637$158
37 years$3,653$2,394$1,523$947$577$137
38 years$3,517$2,275$1,427$872$524$118
39 years$3,389$2,164$1,337$804$475$102
40 years$3,268$2,058$1,253$742$431$88
41 years$3,152$1,959$1,175$685$391$76
42 years$3,043$1,866$1,102$632$354$66
43 years$2,939$1,778$1,034$583$322$57
44 years$2,840$1,695$971$538$292$49
45 years$2,745$1,616$911$497$265$43
46 years$2,655$1,542$856$459$241$37
47 years$2,569$1,471$804$424$219$32
48 years$2,487$1,405$756$392$198$28
49 years$2,409$1,341$710$362$180$24
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 $5,750 every year, while hoping to spend $44,432 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: 56/33/11 Blend
54$2,390,000$2,390,000$2,390,000$2,390,000
55$2,639,711$2,513,041$2,475,996$2,779,985
56$2,861,686$2,588,905$2,511,667$2,951,383
57$3,104,814$2,666,997$2,547,043$3,132,591
58$3,371,204$2,747,379$2,582,068$3,328,912
59$3,663,182$2,830,116$2,616,683$3,541,795
60$3,983,307$2,915,272$2,650,822$3,772,837
61$4,334,399$3,002,915$2,684,419$4,023,791
62$4,719,564$3,093,113$2,717,403$4,296,592
63$5,142,221$3,185,938$2,749,698$4,593,365
64$5,606,140$3,281,461$2,781,225$4,916,452
65$6,115,469$3,379,756$2,811,899$5,268,430
66$6,674,782$3,480,898$2,841,633$5,652,137
67$7,289,114$3,584,966$2,870,331$6,070,698
68$7,964,012$3,692,039$2,897,897$6,527,552
69$8,705,590$3,802,197$2,924,225$7,026,487
70$9,520,581$3,915,525$2,949,206$7,571,676
71$10,416,401$4,032,107$2,972,726$8,167,713
72$11,401,224$4,152,030$2,994,662$8,819,657
73$12,484,053$4,275,384$3,014,887$9,533,081
74$13,674,807$4,402,258$3,033,267$10,314,123
75$14,984,416$4,532,747$3,049,660$11,169,544
76$16,424,920$4,666,946$3,063,917$12,106,791
77$18,009,587$4,804,951$3,075,883$13,134,068
78$19,753,033$4,946,862$3,085,394$14,260,410
79$21,671,365$5,092,781$3,092,277$15,495,773
80$23,782,327$5,242,811$3,096,352$16,851,123
81$26,105,473$5,397,057$3,097,428$18,338,542
82$28,662,347$5,555,628$3,095,307$19,971,339
83$31,476,686$5,718,633$3,089,779$21,764,180
84$34,574,647$5,886,185$3,080,626$23,733,220
85$37,985,051$6,058,399$3,067,617$25,896,258
86$41,739,656$6,235,390$3,050,512$28,272,906
87$45,873,455$6,417,278$3,029,058$30,884,772
88$50,425,006$6,604,184$3,002,991$33,755,663
89$55,436,798$6,796,230$2,972,033$36,911,810
90$60,955,649$6,993,543$2,935,893$40,382,118
91$67,033,148$7,196,249$2,894,268$44,198,432
92$73,726,143$7,404,479$2,846,840$48,395,843
93$81,097,275$7,618,363$2,793,274$53,013,017
94$89,215,571$7,838,037$2,733,223$58,092,558
95$98,157,093$8,063,636$2,666,320$63,681,413
96$108,005,660$8,295,297$2,592,185$69,831,310
97$118,853,631$8,533,160$2,510,417$76,599,252
98$130,802,785$8,777,368$2,420,599$84,048,049
99$143,965,273$9,028,064$2,322,294$92,246,913
100$158,464,685$9,285,392$2,215,044$101,272,112