Can I retire at age 55 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$200,667$198,880$197,136$195,434$193,772$188,857
2 years$99,340$97,490$95,697$93,958$92,272$87,353
3 years$65,569$63,711$61,922$60,200$58,541$53,771
4 years$48,687$46,834$45,064$43,371$41,752$37,168
5 years$38,560$36,719$34,971$33,313$31,739$27,353
6 years$31,811$29,983$28,262$26,641$25,114$20,931
7 years$26,992$25,180$23,486$21,903$20,425$16,444
8 years$23,380$21,584$19,918$18,374$16,944$13,165
9 years$20,571$18,793$17,155$15,650$14,269$10,689
10 years$18,326$16,565$14,956$13,491$12,158$8,771
11 years$16,490$14,747$13,167$11,741$10,457$7,258
12 years$14,962$13,236$11,686$10,298$9,061$6,046
13 years$13,669$11,961$10,440$9,092$7,902$5,064
14 years$12,562$10,873$9,381$8,071$6,927$4,260
15 years$11,604$9,932$8,469$7,198$6,099$3,596
16 years$10,766$9,113$7,679$6,445$5,390$3,045
17 years$10,027$8,392$6,987$5,791$4,779$2,584
18 years$9,372$7,755$6,379$5,218$4,249$2,198
19 years$8,786$7,187$5,839$4,715$3,788$1,873
20 years$8,259$6,679$5,359$4,271$3,383$1,598
21 years$7,783$6,221$4,929$3,876$3,028$1,365
22 years$7,351$5,807$4,543$3,524$2,714$1,168
23 years$6,957$5,431$4,195$3,209$2,436$1,000
24 years$6,596$5,089$3,879$2,927$2,190$856
25 years$6,265$4,775$3,593$2,673$1,970$734
26 years$5,960$4,488$3,332$2,444$1,775$630
27 years$5,677$4,224$3,094$2,237$1,600$540
28 years$5,416$3,980$2,877$2,050$1,444$464
29 years$5,173$3,755$2,677$1,880$1,304$398
30 years$4,946$3,546$2,494$1,725$1,178$342
31 years$4,735$3,352$2,325$1,584$1,065$294
32 years$4,537$3,172$2,169$1,456$963$253
33 years$4,352$3,004$2,025$1,339$872$217
34 years$4,178$2,847$1,892$1,232$789$187
35 years$4,014$2,700$1,769$1,134$715$161
36 years$3,859$2,563$1,655$1,045$648$138
37 years$3,714$2,434$1,549$962$587$119
38 years$3,576$2,313$1,451$887$532$102
39 years$3,446$2,200$1,359$818$483$88
40 years$3,322$2,093$1,274$754$438$76
41 years$3,205$1,992$1,194$696$397$65
42 years$3,094$1,897$1,120$642$360$56
43 years$2,988$1,808$1,051$593$327$48
44 years$2,887$1,723$987$548$297$41
45 years$2,791$1,643$927$506$270$36
46 years$2,700$1,568$870$467$245$31
47 years$2,612$1,496$818$432$222$26
48 years$2,529$1,428$768$399$202$23
49 years$2,449$1,364$722$369$183$20
50 years$2,373$1,303$679$341$166$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,430,000, adding $3,455 every year, while hoping to spend $36,021 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: 54/27/19 Blend
54$2,430,000$2,430,000$2,430,000$2,430,000
55$2,681,424$2,552,634$2,514,969$2,812,230
56$2,916,603$2,639,387$2,560,894$2,988,898
57$3,174,563$2,729,183$2,607,151$3,177,011
58$3,457,590$2,822,135$2,653,712$3,380,997
59$3,768,201$2,918,356$2,700,548$3,602,381
60$4,109,169$3,017,968$2,747,628$3,842,841
61$4,483,550$3,121,093$2,794,919$4,104,224
62$4,894,707$3,227,862$2,842,384$4,388,562
63$5,346,348$3,338,408$2,889,985$4,698,090
64$5,842,557$3,452,872$2,937,681$5,035,271
65$6,387,832$3,571,396$2,985,427$5,402,814
66$6,987,129$3,694,133$3,033,177$5,803,702
67$7,645,907$3,821,237$3,080,880$6,241,218
68$8,370,184$3,952,871$3,128,483$6,718,977
69$9,166,584$4,089,203$3,175,929$7,240,961
70$10,042,411$4,230,410$3,223,158$7,811,550
71$11,005,709$4,376,671$3,270,105$8,435,573
72$12,065,340$4,528,177$3,316,703$9,118,343
73$13,231,071$4,685,124$3,362,878$9,865,714
74$14,513,661$4,847,716$3,408,555$10,684,130
75$15,924,965$5,016,165$3,453,653$11,580,692
76$17,478,046$5,190,691$3,498,085$12,563,218
77$19,187,296$5,371,525$3,541,760$13,640,320
78$21,068,575$5,558,904$3,584,583$14,821,485
79$23,139,355$5,753,076$3,626,453$16,117,160
80$25,418,891$5,954,298$3,667,261$17,538,856
81$27,928,398$6,162,840$3,706,894$19,099,251
82$30,691,254$6,378,978$3,745,234$20,812,313
83$33,733,217$6,603,003$3,782,155$22,693,426
84$37,082,671$6,835,216$3,817,523$24,759,542
85$40,770,893$7,075,930$3,851,199$27,029,334
86$44,832,345$7,325,472$3,883,035$29,523,374
87$49,305,004$7,584,181$3,912,877$32,264,327
88$54,230,717$7,852,408$3,940,561$35,277,162
89$59,655,596$8,130,522$3,965,916$38,589,391
90$65,630,453$8,418,903$3,988,760$42,231,324
91$72,211,279$8,717,950$4,008,904$46,236,356
92$79,459,776$9,028,075$4,026,148$50,641,281
93$87,443,932$9,349,710$4,040,283$55,486,640
94$96,238,668$9,683,301$4,051,087$60,817,100
95$105,926,544$10,029,315$4,058,331$66,681,878
96$116,598,537$10,388,237$4,061,771$73,135,203
97$128,354,899$10,760,571$4,061,151$80,236,825
98$141,306,105$11,146,845$4,056,205$88,052,583
99$155,573,892$11,547,605$4,046,652$96,655,021
100$171,292,412$11,963,420$4,032,198$106,124,073