Can I retire at age 55 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$198,190$196,424$194,702$193,021$191,379$185,774
2 years$98,114$96,286$94,516$92,799$91,133$85,531
3 years$64,759$62,924$61,158$59,457$57,819$52,396
4 years$48,086$46,256$44,507$42,835$41,237$36,035
5 years$38,084$36,265$34,539$32,902$31,347$26,380
6 years$31,418$29,613$27,913$26,312$24,804$20,076
7 years$26,659$24,869$23,196$21,632$20,172$15,684
8 years$23,091$21,318$19,672$18,147$16,735$12,483
9 years$20,318$18,561$16,943$15,457$14,093$10,073
10 years$18,100$16,360$14,772$13,324$12,008$8,215
11 years$16,287$14,565$13,005$11,596$10,327$6,755
12 years$14,777$13,072$11,541$10,171$8,950$5,590
13 years$13,500$11,814$10,311$8,980$7,804$4,650
14 years$12,407$10,738$9,265$7,971$6,841$3,885
15 years$11,460$9,810$8,365$7,109$6,023$3,256
16 years$10,633$9,000$7,584$6,365$5,324$2,738
17 years$9,904$8,289$6,901$5,719$4,720$2,307
18 years$9,256$7,659$6,300$5,154$4,197$1,948
19 years$8,677$7,099$5,767$4,657$3,741$1,647
20 years$8,157$6,596$5,293$4,218$3,341$1,395
21 years$7,687$6,144$4,868$3,828$2,990$1,183
22 years$7,260$5,735$4,487$3,481$2,680$1,004
23 years$6,871$5,364$4,143$3,170$2,406$852
24 years$6,515$5,026$3,832$2,891$2,163$724
25 years$6,188$4,717$3,549$2,640$1,946$616
26 years$5,886$4,433$3,291$2,414$1,753$524
27 years$5,607$4,172$3,056$2,210$1,580$446
28 years$5,349$3,931$2,841$2,025$1,426$380
29 years$5,109$3,708$2,644$1,857$1,288$324
30 years$4,885$3,502$2,463$1,704$1,163$276
31 years$4,677$3,311$2,296$1,565$1,052$235
32 years$4,481$3,133$2,142$1,438$951$200
33 years$4,298$2,967$2,000$1,323$861$171
34 years$4,126$2,812$1,869$1,217$780$146
35 years$3,964$2,667$1,747$1,120$706$124
36 years$3,812$2,531$1,634$1,032$640$106
37 years$3,668$2,404$1,530$951$580$90
38 years$3,532$2,285$1,433$876$526$77
39 years$3,403$2,173$1,342$808$477$66
40 years$3,281$2,067$1,258$745$432$56
41 years$3,165$1,968$1,180$687$392$48
42 years$3,056$1,874$1,107$634$356$41
43 years$2,951$1,785$1,038$586$323$35
44 years$2,852$1,702$975$541$293$30
45 years$2,757$1,623$915$499$266$25
46 years$2,666$1,548$860$461$242$22
47 years$2,580$1,477$808$426$219$18
48 years$2,498$1,410$759$394$199$16
49 years$2,419$1,347$713$364$181$13
50 years$2,343$1,287$671$336$164$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,400,000, adding $4,804 every year, while hoping to spend $21,673 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: 54/27/19 Blend
54$2,400,000$2,400,000$2,400,000$2,400,000
55$2,649,755$2,522,555$2,485,355$2,778,947
56$2,896,970$2,623,101$2,545,555$2,968,450
57$3,168,675$2,727,846$2,607,045$3,171,932
58$3,467,344$2,836,975$2,669,845$3,392,960
59$3,795,705$2,950,679$2,733,976$3,633,216
60$4,156,761$3,069,156$2,799,459$3,894,548
61$4,553,823$3,192,617$2,866,313$4,178,988
62$4,990,537$3,321,279$2,934,558$4,488,773
63$5,470,921$3,455,370$3,004,215$4,826,362
64$5,999,401$3,595,130$3,075,302$5,194,461
65$6,580,855$3,740,807$3,147,840$5,596,046
66$7,220,657$3,892,661$3,221,848$6,034,394
67$7,924,729$4,050,966$3,297,345$6,513,108
68$8,699,594$4,216,006$3,374,349$7,036,156
69$9,552,442$4,388,080$3,452,878$7,607,905
70$10,491,193$4,567,498$3,532,952$8,233,158
71$11,524,575$4,754,586$3,614,586$8,917,206
72$12,662,206$4,949,684$3,697,799$9,665,871
73$13,914,681$5,153,150$3,782,606$10,485,564
74$15,293,679$5,365,354$3,869,023$11,383,342
75$16,812,065$5,586,687$3,957,066$12,366,974
76$18,484,017$5,817,556$4,046,749$13,445,017
77$20,325,157$6,058,387$4,138,086$14,626,889
78$22,352,701$6,309,625$4,231,089$15,922,965
79$24,585,616$6,571,737$4,325,770$17,344,666
80$27,044,807$6,845,210$4,422,142$18,904,571
81$29,753,306$7,130,554$4,520,212$20,616,535
82$32,736,495$7,428,303$4,619,991$22,495,813
83$36,022,342$7,739,014$4,721,485$24,559,209
84$39,641,667$8,063,272$4,824,701$26,825,230
85$43,628,433$8,401,688$4,929,644$29,314,260
86$48,020,063$8,754,900$5,036,317$32,048,752
87$52,857,797$9,123,578$5,144,722$35,053,436
88$58,187,080$9,508,422$5,254,858$38,355,554
89$64,057,991$9,910,163$5,366,724$41,985,114
90$70,525,713$10,329,568$5,480,317$45,975,170
91$77,651,058$10,767,439$5,595,629$50,362,138
92$85,501,037$11,224,615$5,712,654$55,186,130
93$94,149,496$11,701,974$5,831,381$60,491,336
94$103,677,809$12,200,435$5,951,796$66,326,440
95$114,175,649$12,720,960$6,073,885$72,745,074
96$125,741,835$13,264,556$6,197,630$79,806,323
97$138,485,259$13,832,277$6,323,008$87,575,283
98$152,525,923$14,425,225$6,449,995$96,123,671
99$167,996,062$15,044,556$6,578,565$105,530,500
100$185,041,398$15,691,478$6,708,685$115,882,824