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%13.6%
1 years$199,016$197,243$195,513$193,825$192,177$189,305
2 years$98,523$96,688$94,909$93,185$91,513$88,626
3 years$65,029$63,186$61,413$59,705$58,059$55,247
4 years$48,286$46,449$44,693$43,014$41,408$38,693
5 years$38,243$36,416$34,683$33,039$31,478$28,867
6 years$31,549$29,737$28,029$26,421$24,908$22,404
7 years$26,770$24,973$23,292$21,722$20,256$17,861
8 years$23,187$21,406$19,754$18,222$16,805$14,517
9 years$20,402$18,638$17,014$15,521$14,152$11,971
10 years$18,175$16,429$14,833$13,380$12,058$9,982
11 years$16,355$14,625$13,059$11,644$10,370$8,397
12 years$14,839$13,127$11,589$10,214$8,987$7,114
13 years$13,557$11,863$10,354$9,017$7,837$6,062
14 years$12,459$10,783$9,303$8,004$6,870$5,190
15 years$11,508$9,851$8,400$7,138$6,049$4,461
16 years$10,677$9,038$7,616$6,392$5,346$3,847
17 years$9,945$8,323$6,930$5,743$4,740$3,327
18 years$9,294$7,691$6,326$5,176$4,214$2,884
19 years$8,713$7,128$5,791$4,677$3,756$2,505
20 years$8,191$6,624$5,315$4,236$3,355$2,180
21 years$7,719$6,170$4,889$3,844$3,003$1,900
22 years$7,290$5,759$4,506$3,495$2,691$1,658
23 years$6,899$5,387$4,160$3,183$2,416$1,448
24 years$6,542$5,047$3,848$2,903$2,172$1,266
25 years$6,213$4,736$3,564$2,651$1,954$1,108
26 years$5,911$4,451$3,305$2,424$1,760$970
27 years$5,631$4,189$3,069$2,219$1,587$850
28 years$5,371$3,947$2,853$2,033$1,432$746
29 years$5,130$3,724$2,655$1,864$1,293$654
30 years$4,906$3,517$2,473$1,711$1,168$574
31 years$4,696$3,325$2,306$1,571$1,056$504
32 years$4,500$3,146$2,151$1,444$955$443
33 years$4,316$2,979$2,008$1,328$865$389
34 years$4,143$2,823$1,877$1,222$783$342
35 years$3,981$2,678$1,755$1,125$709$300
36 years$3,828$2,542$1,641$1,036$642$264
37 years$3,683$2,414$1,536$954$582$232
38 years$3,547$2,294$1,439$880$528$204
39 years$3,417$2,182$1,348$811$479$179
40 years$3,295$2,076$1,263$748$434$158
41 years$3,179$1,976$1,185$690$394$139
42 years$3,068$1,882$1,111$637$357$122
43 years$2,963$1,793$1,043$588$324$107
44 years$2,863$1,709$979$543$294$95
45 years$2,768$1,630$919$501$267$83
46 years$2,677$1,555$863$463$243$73
47 years$2,591$1,484$811$428$220$64
48 years$2,508$1,416$762$395$200$57
49 years$2,429$1,353$716$365$182$50
50 years$2,353$1,292$673$338$165$44

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 $4,364 every year, while hoping to spend $30,238 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: 49/42/9 Blend
54$2,410,000$2,410,000$2,410,000$2,410,000
55$2,660,321$2,532,591$2,495,236$2,784,093
56$2,899,501$2,624,515$2,546,654$2,961,226
57$3,162,064$2,719,930$2,598,780$3,149,965
58$3,450,363$2,818,975$2,651,608$3,354,269
59$3,766,990$2,921,795$2,705,126$3,575,599
60$4,114,800$3,028,540$2,759,326$3,815,562
61$4,496,940$3,139,369$2,814,193$4,075,927
62$4,916,875$3,254,445$2,869,716$4,358,635
63$5,378,422$3,373,939$2,925,877$4,665,822
64$5,885,788$3,498,029$2,982,661$4,999,835
65$6,443,607$3,626,900$3,040,049$5,363,258
66$7,056,983$3,760,747$3,098,019$5,758,929
67$7,731,541$3,899,770$3,156,549$6,189,974
68$8,473,480$4,044,179$3,215,614$6,659,829
69$9,289,625$4,194,195$3,275,187$7,172,274
70$10,187,501$4,350,044$3,335,240$7,731,471
71$11,175,395$4,511,966$3,395,740$8,341,996
72$12,262,441$4,680,208$3,456,653$9,008,887
73$13,458,701$4,855,029$3,517,942$9,737,690
74$14,775,262$5,036,699$3,579,567$10,534,505
75$16,224,342$5,225,500$3,641,485$11,406,051
76$17,819,400$5,421,725$3,703,650$12,359,720
77$19,575,271$5,625,681$3,766,014$13,403,653
78$21,508,296$5,837,687$3,828,523$14,546,811
79$23,636,485$6,058,077$3,891,121$15,799,060
80$25,979,681$6,287,197$3,953,748$17,171,262
81$28,559,749$6,525,411$4,016,340$18,675,378
82$31,400,784$6,773,096$4,078,828$20,324,580
83$34,529,334$7,030,648$4,141,139$22,133,370
84$37,974,656$7,298,479$4,203,196$24,117,720
85$41,768,985$7,577,019$4,264,918$26,295,219
86$45,947,844$7,866,716$4,326,215$28,685,239
87$50,550,377$8,168,038$4,386,997$31,309,114
88$55,619,718$8,481,474$4,447,163$34,190,342
89$61,203,398$8,807,535$4,506,612$37,354,804
90$67,353,793$9,146,752$4,565,232$40,831,007
91$74,128,618$9,499,682$4,622,906$44,650,350
92$81,591,476$9,866,905$4,679,512$48,847,421
93$89,812,450$10,249,027$4,734,918$53,460,319
94$98,868,770$10,646,679$4,788,989$58,531,012
95$108,845,542$11,060,524$4,841,577$64,105,735
96$119,836,547$11,491,249$4,892,530$70,235,416
97$131,945,131$11,939,577$4,941,685$76,976,163
98$145,285,175$12,406,258$4,988,873$84,389,786
99$159,982,177$12,892,077$5,033,914$92,544,379
100$176,174,426$13,397,857$5,076,618$101,514,961