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%13.2%
1 years$200,667$198,880$197,136$195,434$193,772$191,192
2 years$99,340$97,490$95,697$93,958$92,272$89,677
3 years$65,569$63,711$61,922$60,200$58,541$56,012
4 years$48,687$46,834$45,064$43,371$41,752$39,308
5 years$38,560$36,719$34,971$33,313$31,739$29,387
6 years$31,811$29,983$28,262$26,641$25,114$22,857
7 years$26,992$25,180$23,486$21,903$20,425$18,263
8 years$23,380$21,584$19,918$18,374$16,944$14,878
9 years$20,571$18,793$17,155$15,650$14,269$12,297
10 years$18,326$16,565$14,956$13,491$12,158$10,279
11 years$16,490$14,747$13,167$11,741$10,457$8,669
12 years$14,962$13,236$11,686$10,298$9,061$7,363
13 years$13,669$11,961$10,440$9,092$7,902$6,291
14 years$12,562$10,873$9,381$8,071$6,927$5,400
15 years$11,604$9,932$8,469$7,198$6,099$4,654
16 years$10,766$9,113$7,679$6,445$5,390$4,025
17 years$10,027$8,392$6,987$5,791$4,779$3,491
18 years$9,372$7,755$6,379$5,218$4,249$3,035
19 years$8,786$7,187$5,839$4,715$3,788$2,644
20 years$8,259$6,679$5,359$4,271$3,383$2,307
21 years$7,783$6,221$4,929$3,876$3,028$2,017
22 years$7,351$5,807$4,543$3,524$2,714$1,765
23 years$6,957$5,431$4,195$3,209$2,436$1,547
24 years$6,596$5,089$3,879$2,927$2,190$1,357
25 years$6,265$4,775$3,593$2,673$1,970$1,191
26 years$5,960$4,488$3,332$2,444$1,775$1,046
27 years$5,677$4,224$3,094$2,237$1,600$920
28 years$5,416$3,980$2,877$2,050$1,444$809
29 years$5,173$3,755$2,677$1,880$1,304$712
30 years$4,946$3,546$2,494$1,725$1,178$627
31 years$4,735$3,352$2,325$1,584$1,065$552
32 years$4,537$3,172$2,169$1,456$963$487
33 years$4,352$3,004$2,025$1,339$872$429
34 years$4,178$2,847$1,892$1,232$789$378
35 years$4,014$2,700$1,769$1,134$715$334
36 years$3,859$2,563$1,655$1,045$648$294
37 years$3,714$2,434$1,549$962$587$260
38 years$3,576$2,313$1,451$887$532$229
39 years$3,446$2,200$1,359$818$483$202
40 years$3,322$2,093$1,274$754$438$178
41 years$3,205$1,992$1,194$696$397$157
42 years$3,094$1,897$1,120$642$360$139
43 years$2,988$1,808$1,051$593$327$123
44 years$2,887$1,723$987$548$297$108
45 years$2,791$1,643$927$506$270$96
46 years$2,700$1,568$870$467$245$84
47 years$2,612$1,496$818$432$222$75
48 years$2,529$1,428$768$399$202$66
49 years$2,449$1,364$722$369$183$58
50 years$2,373$1,303$679$341$166$51

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 $3,788 every year, while hoping to spend $52,998 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: 69/5/26 Blend
54$2,430,000$2,430,000$2,430,000$2,430,000
55$2,681,767$2,552,977$2,515,312$2,848,637
56$2,898,918$2,621,684$2,543,186$3,029,764
57$3,136,442$2,691,981$2,570,217$3,221,468
58$3,396,361$2,763,890$2,596,321$3,430,041
59$3,680,902$2,837,432$2,621,410$3,657,153
60$3,992,517$2,912,629$2,645,390$3,904,645
61$4,333,905$2,989,500$2,668,162$4,174,545
62$4,708,041$3,068,063$2,689,623$4,469,087
63$5,118,199$3,148,336$2,709,664$4,790,733
64$5,567,987$3,230,335$2,728,168$5,142,196
65$6,061,376$3,314,076$2,745,017$5,526,464
66$6,602,743$3,399,572$2,760,081$5,946,832
67$7,196,907$3,486,836$2,773,228$6,406,930
68$7,849,177$3,575,877$2,784,317$6,910,757
69$8,565,402$3,666,703$2,793,200$7,462,721
70$9,352,023$3,759,322$2,799,723$8,067,679
71$10,216,138$3,853,737$2,803,722$8,730,985
72$11,165,563$3,949,950$2,805,026$9,458,537
73$12,208,913$4,047,960$2,803,457$10,256,836
74$13,355,675$4,147,763$2,798,825$11,133,046
75$14,616,303$4,249,351$2,790,935$12,095,063
76$16,002,312$4,352,716$2,779,578$13,151,588
77$17,526,392$4,457,843$2,764,537$14,312,209
78$19,202,520$4,564,714$2,745,586$15,587,495
79$21,046,100$4,673,308$2,722,486$16,989,091
80$23,074,100$4,783,597$2,694,986$18,529,832
81$25,305,216$4,895,552$2,662,827$20,223,864
82$27,760,050$5,009,136$2,625,733$22,086,775
83$30,461,298$5,124,307$2,583,418$24,135,745
84$33,433,970$5,241,017$2,535,582$26,389,707
85$36,705,621$5,359,213$2,481,911$28,869,528
86$40,306,615$5,478,835$2,422,075$31,598,203
87$44,270,406$5,599,814$2,355,731$34,601,076
88$48,633,858$5,722,075$2,282,518$37,906,076
89$53,437,590$5,845,536$2,202,061$41,543,984
90$58,726,359$5,970,102$2,113,965$45,548,723
91$64,549,485$6,095,674$2,017,820$49,957,678
92$70,961,309$6,222,139$1,913,194$54,812,049
93$78,021,715$6,349,376$1,799,639$60,157,243
94$85,796,687$6,477,252$1,676,683$66,043,300
95$94,358,933$6,605,622$1,543,836$72,525,367
96$103,788,574$6,734,328$1,400,585$79,664,221
97$114,173,897$6,863,198$1,246,393$87,526,840
98$125,612,189$6,992,049$1,080,701$96,187,039
99$138,210,651$7,120,678$902,924$105,726,167
100$152,087,416$7,248,870$712,450$116,233,873