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%13.7%
1 years$198,190$196,424$194,702$193,021$191,379$188,442
2 years$98,114$96,286$94,516$92,799$91,133$88,180
3 years$64,759$62,924$61,158$59,457$57,819$54,943
4 years$48,086$46,256$44,507$42,835$41,237$38,460
5 years$38,084$36,265$34,539$32,902$31,347$28,678
6 years$31,418$29,613$27,913$26,312$24,804$22,245
7 years$26,659$24,869$23,196$21,632$20,172$17,725
8 years$23,091$21,318$19,672$18,147$16,735$14,398
9 years$20,318$18,561$16,943$15,457$14,093$11,866
10 years$18,100$16,360$14,772$13,324$12,008$9,888
11 years$16,287$14,565$13,005$11,596$10,327$8,313
12 years$14,777$13,072$11,541$10,171$8,950$7,038
13 years$13,500$11,814$10,311$8,980$7,804$5,993
14 years$12,407$10,738$9,265$7,971$6,841$5,128
15 years$11,460$9,810$8,365$7,109$6,023$4,405
16 years$10,633$9,000$7,584$6,365$5,324$3,796
17 years$9,904$8,289$6,901$5,719$4,720$3,280
18 years$9,256$7,659$6,300$5,154$4,197$2,842
19 years$8,677$7,099$5,767$4,657$3,741$2,466
20 years$8,157$6,596$5,293$4,218$3,341$2,145
21 years$7,687$6,144$4,868$3,828$2,990$1,867
22 years$7,260$5,735$4,487$3,481$2,680$1,628
23 years$6,871$5,364$4,143$3,170$2,406$1,421
24 years$6,515$5,026$3,832$2,891$2,163$1,242
25 years$6,188$4,717$3,549$2,640$1,946$1,086
26 years$5,886$4,433$3,291$2,414$1,753$950
27 years$5,607$4,172$3,056$2,210$1,580$832
28 years$5,349$3,931$2,841$2,025$1,426$729
29 years$5,109$3,708$2,644$1,857$1,288$639
30 years$4,885$3,502$2,463$1,704$1,163$560
31 years$4,677$3,311$2,296$1,565$1,052$491
32 years$4,481$3,133$2,142$1,438$951$431
33 years$4,298$2,967$2,000$1,323$861$379
34 years$4,126$2,812$1,869$1,217$780$332
35 years$3,964$2,667$1,747$1,120$706$292
36 years$3,812$2,531$1,634$1,032$640$256
37 years$3,668$2,404$1,530$951$580$225
38 years$3,532$2,285$1,433$876$526$198
39 years$3,403$2,173$1,342$808$477$174
40 years$3,281$2,067$1,258$745$432$153
41 years$3,165$1,968$1,180$687$392$134
42 years$3,056$1,874$1,107$634$356$118
43 years$2,951$1,785$1,038$586$323$104
44 years$2,852$1,702$975$541$293$91
45 years$2,757$1,623$915$499$266$80
46 years$2,666$1,548$860$461$242$70
47 years$2,580$1,477$808$426$219$62
48 years$2,498$1,410$759$394$199$54
49 years$2,419$1,347$713$364$181$48
50 years$2,343$1,287$671$336$164$42

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 $4,792 every year, while hoping to spend $23,825 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: 48/40/12 Blend
54$2,400,000$2,400,000$2,400,000$2,400,000
55$2,649,743$2,522,543$2,485,343$2,767,941
56$2,894,667$2,620,798$2,543,252$2,948,104
57$3,163,775$2,723,069$2,602,303$3,140,746
58$3,459,508$2,829,527$2,662,509$3,349,373
59$3,784,557$2,940,353$2,723,881$3,575,486
60$4,141,884$3,055,732$2,786,433$3,820,733
61$4,534,754$3,175,862$2,850,177$4,086,923
62$4,966,765$3,300,945$2,915,124$4,376,046
63$5,441,879$3,431,195$2,981,284$4,690,290
64$5,964,462$3,566,835$3,048,669$5,032,060
65$6,539,326$3,708,099$3,117,288$5,403,998
66$7,171,770$3,855,228$3,187,150$5,809,012
67$7,867,634$4,008,478$3,258,264$6,250,299
68$8,633,354$4,168,115$3,330,636$6,731,375
69$9,476,018$4,334,415$3,404,275$7,256,107
70$10,403,439$4,507,668$3,479,185$7,828,750
71$11,424,225$4,688,178$3,555,373$8,453,985
72$12,547,859$4,876,262$3,632,841$9,136,962
73$13,784,792$5,072,250$3,711,592$9,883,349
74$15,146,539$5,276,489$3,791,629$10,699,382
75$16,645,789$5,489,340$3,872,952$11,591,924
76$18,296,523$5,711,182$3,955,559$12,568,531
77$20,114,148$5,942,408$4,039,449$13,637,516
78$22,115,638$6,183,434$4,124,618$14,808,032
79$24,319,701$6,434,689$4,211,060$16,090,155
80$26,746,948$6,696,627$4,298,769$17,494,977
81$29,420,094$6,969,719$4,387,735$19,034,709
82$32,364,166$7,254,458$4,477,947$20,722,796
83$35,606,746$7,551,361$4,569,393$22,574,042
84$39,178,224$7,860,968$4,662,057$24,604,748
85$43,112,090$8,183,842$4,755,923$26,832,863
86$47,445,247$8,520,575$4,850,971$29,278,153
87$52,218,361$8,871,782$4,947,178$31,962,385
88$57,476,245$9,238,110$5,044,519$34,909,531
89$63,268,279$9,620,234$5,142,967$38,145,990
90$69,648,878$10,018,860$5,242,491$41,700,839
91$76,678,006$10,434,727$5,343,057$45,606,103
92$84,421,740$10,868,607$5,444,627$49,897,053
93$92,952,897$11,321,308$5,547,162$54,612,541
94$102,351,717$11,793,676$5,650,615$59,795,358
95$112,706,620$12,286,595$5,754,940$65,492,644
96$124,115,048$12,800,990$5,860,082$71,756,320
97$136,684,374$13,337,830$5,965,987$78,643,584
98$150,532,924$13,898,127$6,072,591$86,217,441
99$165,791,088$14,482,941$6,179,828$94,547,300
100$182,602,555$15,093,381$6,287,628$103,709,624