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%19.9%
1 years$198,190$196,424$194,702$193,021$191,379$183,786
2 years$98,114$96,286$94,516$92,799$91,133$83,577
3 years$64,759$62,924$61,158$59,457$57,819$50,538
4 years$48,086$46,256$44,507$42,835$41,237$34,287
5 years$38,084$36,265$34,539$32,902$31,347$24,746
6 years$31,418$29,613$27,913$26,312$24,804$18,555
7 years$26,659$24,869$23,196$21,632$20,172$14,274
8 years$23,091$21,318$19,672$18,147$16,735$11,180
9 years$20,318$18,561$16,943$15,457$14,093$8,874
10 years$18,100$16,360$14,772$13,324$12,008$7,115
11 years$16,287$14,565$13,005$11,596$10,327$5,749
12 years$14,777$13,072$11,541$10,171$8,950$4,673
13 years$13,500$11,814$10,311$8,980$7,804$3,816
14 years$12,407$10,738$9,265$7,971$6,841$3,129
15 years$11,460$9,810$8,365$7,109$6,023$2,573
16 years$10,633$9,000$7,584$6,365$5,324$2,121
17 years$9,904$8,289$6,901$5,719$4,720$1,752
18 years$9,256$7,659$6,300$5,154$4,197$1,450
19 years$8,677$7,099$5,767$4,657$3,741$1,201
20 years$8,157$6,596$5,293$4,218$3,341$996
21 years$7,687$6,144$4,868$3,828$2,990$827
22 years$7,260$5,735$4,487$3,481$2,680$687
23 years$6,871$5,364$4,143$3,170$2,406$572
24 years$6,515$5,026$3,832$2,891$2,163$475
25 years$6,188$4,717$3,549$2,640$1,946$396
26 years$5,886$4,433$3,291$2,414$1,753$329
27 years$5,607$4,172$3,056$2,210$1,580$274
28 years$5,349$3,931$2,841$2,025$1,426$229
29 years$5,109$3,708$2,644$1,857$1,288$190
30 years$4,885$3,502$2,463$1,704$1,163$159
31 years$4,677$3,311$2,296$1,565$1,052$132
32 years$4,481$3,133$2,142$1,438$951$110
33 years$4,298$2,967$2,000$1,323$861$92
34 years$4,126$2,812$1,869$1,217$780$77
35 years$3,964$2,667$1,747$1,120$706$64
36 years$3,812$2,531$1,634$1,032$640$53
37 years$3,668$2,404$1,530$951$580$44
38 years$3,532$2,285$1,433$876$526$37
39 years$3,403$2,173$1,342$808$477$31
40 years$3,281$2,067$1,258$745$432$26
41 years$3,165$1,968$1,180$687$392$21
42 years$3,056$1,874$1,107$634$356$18
43 years$2,951$1,785$1,038$586$323$15
44 years$2,852$1,702$975$541$293$12
45 years$2,757$1,623$915$499$266$10
46 years$2,666$1,548$860$461$242$9
47 years$2,580$1,477$808$426$219$7
48 years$2,498$1,410$759$394$199$6
49 years$2,419$1,347$713$364$181$5
50 years$2,343$1,287$671$336$164$4

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 $3,494 every year, while hoping to spend $30,728 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: 61/16/23 Blend
54$2,400,000$2,400,000$2,400,000$2,400,000
55$2,648,404$2,521,204$2,484,004$2,793,649
56$2,885,847$2,612,049$2,534,524$2,983,342
57$3,146,479$2,706,315$2,585,706$3,186,612
58$3,432,633$2,804,138$2,637,541$3,407,793
59$3,746,880$2,905,658$2,690,016$3,648,634
60$4,092,049$3,011,023$2,743,119$3,911,059
61$4,471,259$3,120,384$2,796,835$4,197,186
62$4,887,947$3,233,902$2,851,148$4,509,348
63$5,345,896$3,351,742$2,906,040$4,850,113
64$5,849,276$3,474,076$2,961,491$5,222,309
65$6,402,681$3,601,084$3,017,480$5,629,047
66$7,011,172$3,732,955$3,073,983$6,073,757
67$7,680,324$3,869,883$3,130,974$6,560,213
68$8,416,282$4,012,072$3,188,426$7,092,573
69$9,225,813$4,159,733$3,246,309$7,675,414
70$10,116,375$4,313,089$3,304,589$8,313,780
71$11,096,184$4,472,370$3,363,232$9,013,225
72$12,174,294$4,637,815$3,422,200$9,779,865
73$13,360,680$4,809,676$3,481,451$10,620,438
74$14,666,332$4,988,213$3,540,942$11,542,366
75$16,103,360$5,173,698$3,600,627$12,553,825
76$17,685,110$5,366,416$3,660,454$13,663,820
77$19,426,282$5,566,662$3,720,371$14,882,271
78$21,343,079$5,774,744$3,780,320$16,220,109
79$23,453,352$5,990,985$3,840,239$17,689,372
80$25,776,771$6,215,721$3,900,064$19,303,324
81$28,335,010$6,449,300$3,959,725$21,076,578
82$31,151,954$6,692,088$4,019,148$23,025,233
83$34,253,920$6,944,467$4,078,256$25,167,025
84$37,669,906$7,206,832$4,136,964$27,521,495
85$41,431,869$7,479,600$4,195,185$30,110,173
86$45,575,021$7,763,201$4,252,825$32,956,780
87$50,138,162$8,058,087$4,309,784$36,087,452
88$55,164,051$8,364,730$4,365,958$39,530,984
89$60,699,802$8,683,619$4,421,235$43,319,104
90$66,797,333$9,015,268$4,475,498$47,486,772
91$73,513,857$9,360,211$4,528,622$52,072,507
92$80,912,416$9,719,008$4,580,477$57,118,750
93$89,062,483$10,092,240$4,630,924$62,672,267
94$98,040,613$10,480,516$4,679,816$68,784,588
95$107,931,165$10,884,471$4,727,000$75,512,491
96$118,827,101$11,304,767$4,772,311$82,918,539
97$130,830,862$11,742,097$4,815,580$91,071,671
98$144,055,333$12,197,184$4,856,626$100,047,849
99$158,624,912$12,670,781$4,895,258$109,930,777
100$174,676,680$13,163,676$4,931,276$120,812,690