Can I retire at age 55 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$199,016$197,243$195,513$193,825$192,177$190,806
2 years$98,523$96,688$94,909$93,185$91,513$90,130
3 years$65,029$63,186$61,413$59,705$58,059$56,708
4 years$48,286$46,449$44,693$43,014$41,408$40,099
5 years$38,243$36,416$34,683$33,039$31,478$30,214
6 years$31,549$29,737$28,029$26,421$24,908$23,691
7 years$26,770$24,973$23,292$21,722$20,256$19,088
8 years$23,187$21,406$19,754$18,222$16,805$15,684
9 years$20,402$18,638$17,014$15,521$14,152$13,079
10 years$18,175$16,429$14,833$13,380$12,058$11,032
11 years$16,355$14,625$13,059$11,644$10,370$9,390
12 years$14,839$13,127$11,589$10,214$8,987$8,052
13 years$13,557$11,863$10,354$9,017$7,837$6,946
14 years$12,459$10,783$9,303$8,004$6,870$6,022
15 years$11,508$9,851$8,400$7,138$6,049$5,243
16 years$10,677$9,038$7,616$6,392$5,346$4,581
17 years$9,945$8,323$6,930$5,743$4,740$4,015
18 years$9,294$7,691$6,326$5,176$4,214$3,528
19 years$8,713$7,128$5,791$4,677$3,756$3,107
20 years$8,191$6,624$5,315$4,236$3,355$2,742
21 years$7,719$6,170$4,889$3,844$3,003$2,423
22 years$7,290$5,759$4,506$3,495$2,691$2,145
23 years$6,899$5,387$4,160$3,183$2,416$1,901
24 years$6,542$5,047$3,848$2,903$2,172$1,687
25 years$6,213$4,736$3,564$2,651$1,954$1,499
26 years$5,911$4,451$3,305$2,424$1,760$1,332
27 years$5,631$4,189$3,069$2,219$1,587$1,185
28 years$5,371$3,947$2,853$2,033$1,432$1,055
29 years$5,130$3,724$2,655$1,864$1,293$940
30 years$4,906$3,517$2,473$1,711$1,168$838
31 years$4,696$3,325$2,306$1,571$1,056$747
32 years$4,500$3,146$2,151$1,444$955$667
33 years$4,316$2,979$2,008$1,328$865$595
34 years$4,143$2,823$1,877$1,222$783$531
35 years$3,981$2,678$1,755$1,125$709$474
36 years$3,828$2,542$1,641$1,036$642$424
37 years$3,683$2,414$1,536$954$582$379
38 years$3,547$2,294$1,439$880$528$338
39 years$3,417$2,182$1,348$811$479$302
40 years$3,295$2,076$1,263$748$434$270
41 years$3,179$1,976$1,185$690$394$242
42 years$3,068$1,882$1,111$637$357$216
43 years$2,963$1,793$1,043$588$324$193
44 years$2,863$1,709$979$543$294$173
45 years$2,768$1,630$919$501$267$155
46 years$2,677$1,555$863$463$243$138
47 years$2,591$1,484$811$428$220$124
48 years$2,508$1,416$762$395$200$111
49 years$2,429$1,353$716$365$182$99
50 years$2,353$1,292$673$338$165$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,410,000, adding $3,314 every year, while hoping to spend $52,940 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: 47/30/23 Blend
54$2,410,000$2,410,000$2,410,000$2,410,000
55$2,659,238$2,531,508$2,494,153$2,766,624
56$2,874,153$2,599,225$2,521,380$2,909,922
57$3,109,214$2,668,484$2,547,744$3,059,857
58$3,366,422$2,739,308$2,573,161$3,221,534
59$3,647,977$2,811,714$2,597,542$3,396,077
60$3,956,303$2,885,720$2,620,792$3,584,725
61$4,294,070$2,961,344$2,642,812$3,788,842
62$4,664,217$3,038,602$2,663,498$4,009,932
63$5,069,982$3,117,508$2,682,740$4,249,650
64$5,514,930$3,198,076$2,700,422$4,509,820
65$6,002,989$3,280,318$2,716,423$4,792,450
66$6,538,484$3,364,245$2,730,613$5,099,754
67$7,126,181$3,449,864$2,742,860$5,434,171
68$7,771,327$3,537,182$2,753,021$5,798,388
69$8,479,703$3,626,205$2,760,948$6,195,365
70$9,257,678$3,716,935$2,766,485$6,628,365
71$10,112,268$3,809,371$2,769,469$7,100,983
72$11,051,200$3,903,511$2,769,728$7,617,180
73$12,082,990$3,999,350$2,767,080$8,181,321
74$13,217,015$4,096,879$2,761,338$8,798,217
75$14,463,611$4,196,086$2,752,303$9,473,170
76$15,834,160$4,296,956$2,739,766$10,212,021
77$17,341,207$4,399,468$2,723,511$11,021,209
78$18,998,569$4,503,601$2,703,307$11,907,831
79$20,821,471$4,609,326$2,678,916$12,879,706
80$22,826,689$4,716,611$2,650,088$13,945,453
81$25,032,703$4,825,417$2,616,558$15,114,570
82$27,459,879$4,935,702$2,578,052$16,397,526
83$30,130,652$5,047,417$2,534,283$17,805,858
84$33,069,745$5,160,507$2,484,948$19,352,283
85$36,304,397$5,274,910$2,429,732$21,050,813
86$39,864,623$5,390,558$2,368,304$22,916,896
87$43,783,492$5,507,373$2,300,320$24,967,553
88$48,097,445$5,625,271$2,225,418$27,221,546
89$52,846,634$5,744,159$2,143,220$29,699,553
90$58,075,304$5,863,936$2,053,330$32,424,364
91$63,832,204$5,984,488$1,955,336$35,421,095
92$70,171,055$6,105,694$1,848,806$38,717,430
93$77,151,049$6,227,419$1,733,287$42,343,877
94$84,837,413$6,349,520$1,608,309$46,334,063
95$93,302,020$6,471,838$1,473,379$50,725,047
96$102,624,070$6,594,201$1,327,981$55,557,674
97$112,890,834$6,716,426$1,171,577$60,876,959
98$124,198,480$6,838,311$1,003,605$66,732,516
99$136,652,978$6,959,642$823,479$73,179,024
100$150,371,102$7,080,185$630,586$80,276,746