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

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$199,016$197,243$195,513$193,825$192,177$189,618
2 years$98,523$96,688$94,909$93,185$91,513$88,939
3 years$65,029$63,186$61,413$59,705$58,059$55,551
4 years$48,286$46,449$44,693$43,014$41,408$38,984
5 years$38,243$36,416$34,683$33,039$31,478$29,145
6 years$31,549$29,737$28,029$26,421$24,908$22,668
7 years$26,770$24,973$23,292$21,722$20,256$18,112
8 years$23,187$21,406$19,754$18,222$16,805$14,755
9 years$20,402$18,638$17,014$15,521$14,152$12,196
10 years$18,175$16,429$14,833$13,380$12,058$10,195
11 years$16,355$14,625$13,059$11,644$10,370$8,598
12 years$14,839$13,127$11,589$10,214$8,987$7,303
13 years$13,557$11,863$10,354$9,017$7,837$6,239
14 years$12,459$10,783$9,303$8,004$6,870$5,356
15 years$11,508$9,851$8,400$7,138$6,049$4,616
16 years$10,677$9,038$7,616$6,392$5,346$3,992
17 years$9,945$8,323$6,930$5,743$4,740$3,462
18 years$9,294$7,691$6,326$5,176$4,214$3,010
19 years$8,713$7,128$5,791$4,677$3,756$2,622
20 years$8,191$6,624$5,315$4,236$3,355$2,288
21 years$7,719$6,170$4,889$3,844$3,003$2,000
22 years$7,290$5,759$4,506$3,495$2,691$1,751
23 years$6,899$5,387$4,160$3,183$2,416$1,534
24 years$6,542$5,047$3,848$2,903$2,172$1,345
25 years$6,213$4,736$3,564$2,651$1,954$1,181
26 years$5,911$4,451$3,305$2,424$1,760$1,038
27 years$5,631$4,189$3,069$2,219$1,587$912
28 years$5,371$3,947$2,853$2,033$1,432$803
29 years$5,130$3,724$2,655$1,864$1,293$706
30 years$4,906$3,517$2,473$1,711$1,168$622
31 years$4,696$3,325$2,306$1,571$1,056$548
32 years$4,500$3,146$2,151$1,444$955$483
33 years$4,316$2,979$2,008$1,328$865$425
34 years$4,143$2,823$1,877$1,222$783$375
35 years$3,981$2,678$1,755$1,125$709$331
36 years$3,828$2,542$1,641$1,036$642$292
37 years$3,683$2,414$1,536$954$582$257
38 years$3,547$2,294$1,439$880$528$227
39 years$3,417$2,182$1,348$811$479$200
40 years$3,295$2,076$1,263$748$434$177
41 years$3,179$1,976$1,185$690$394$156
42 years$3,068$1,882$1,111$637$357$138
43 years$2,963$1,793$1,043$588$324$122
44 years$2,863$1,709$979$543$294$107
45 years$2,768$1,630$919$501$267$95
46 years$2,677$1,555$863$463$243$84
47 years$2,591$1,484$811$428$220$74
48 years$2,508$1,416$762$395$200$65
49 years$2,429$1,353$716$365$182$58
50 years$2,353$1,292$673$338$165$51

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 $5,665 every year, while hoping to spend $22,963 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: 62/28/10 Blend
54$2,410,000$2,410,000$2,410,000$2,410,000
55$2,661,663$2,533,933$2,496,578$2,820,374
56$2,908,721$2,633,664$2,555,781$3,027,016
57$3,180,208$2,737,511$2,616,198$3,249,315
58$3,478,593$2,845,653$2,677,845$3,491,382
59$3,806,595$2,958,275$2,740,738$3,755,131
60$4,167,208$3,075,572$2,804,893$4,042,667
61$4,563,733$3,197,744$2,870,326$4,356,306
62$4,999,804$3,325,004$2,937,052$4,698,594
63$5,479,428$3,457,572$3,005,087$5,072,336
64$6,007,016$3,595,681$3,074,445$5,480,616
65$6,587,433$3,739,570$3,145,140$5,926,828
66$7,226,035$3,889,492$3,217,185$6,414,709
67$7,928,724$4,045,712$3,290,595$6,948,371
68$8,702,006$4,208,503$3,365,382$7,532,339
69$9,553,045$4,378,154$3,441,557$8,171,596
70$10,489,739$4,554,967$3,519,132$8,871,625
71$11,520,787$4,739,255$3,598,118$9,638,467
72$12,655,777$4,931,348$3,678,524$10,478,767
73$13,905,272$5,131,590$3,760,360$11,399,846
74$15,280,911$5,340,339$3,843,634$12,409,763
75$16,795,520$5,557,972$3,928,352$13,517,391
76$18,463,232$5,784,882$4,014,521$14,732,504
77$20,299,620$6,021,479$4,102,145$16,065,861
78$22,321,843$6,268,194$4,191,229$17,529,315
79$24,548,810$6,525,474$4,281,774$19,135,917
80$27,001,357$6,793,791$4,373,782$20,900,040
81$29,702,444$7,073,635$4,467,252$22,837,517
82$32,677,371$7,365,521$4,562,183$24,965,784
83$35,954,016$7,669,985$4,658,569$27,304,046
84$39,563,101$7,987,590$4,756,407$29,873,459
85$43,538,479$8,318,923$4,855,688$32,697,323
86$47,917,453$8,664,600$4,956,403$35,801,307
87$52,741,132$9,025,263$5,058,541$39,213,683
88$58,054,813$9,401,586$5,162,087$42,965,599
89$63,908,412$9,794,273$5,267,026$47,091,365
90$70,356,938$10,204,060$5,373,339$51,628,777
91$77,461,003$10,631,717$5,481,004$56,619,475
92$85,287,405$11,078,050$5,589,997$62,109,330
93$93,909,749$11,543,903$5,700,290$68,148,879
94$103,409,148$12,030,159$5,811,854$74,793,796
95$113,874,984$12,537,740$5,924,654$82,105,419
96$125,405,756$13,067,612$6,038,654$90,151,327
97$138,110,005$13,620,788$6,153,811$99,005,972
98$152,107,343$14,198,324$6,270,081$108,751,384
99$167,529,578$14,801,328$6,387,415$119,477,940
100$184,521,961$15,430,959$6,505,759$131,285,217