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%16.6%
1 years$200,667$198,880$197,136$195,434$193,772$188,552
2 years$99,340$97,490$95,697$93,958$92,272$87,051
3 years$65,569$63,711$61,922$60,200$58,541$53,481
4 years$48,687$46,834$45,064$43,371$41,752$36,893
5 years$38,560$36,719$34,971$33,313$31,739$27,094
6 years$31,811$29,983$28,262$26,641$25,114$20,687
7 years$26,992$25,180$23,486$21,903$20,425$16,216
8 years$23,380$21,584$19,918$18,374$16,944$12,952
9 years$20,571$18,793$17,155$15,650$14,269$10,490
10 years$18,326$16,565$14,956$13,491$12,158$8,587
11 years$16,490$14,747$13,167$11,741$10,457$7,088
12 years$14,962$13,236$11,686$10,298$9,061$5,889
13 years$13,669$11,961$10,440$9,092$7,902$4,919
14 years$12,562$10,873$9,381$8,071$6,927$4,126
15 years$11,604$9,932$8,469$7,198$6,099$3,473
16 years$10,766$9,113$7,679$6,445$5,390$2,933
17 years$10,027$8,392$6,987$5,791$4,779$2,482
18 years$9,372$7,755$6,379$5,218$4,249$2,105
19 years$8,786$7,187$5,839$4,715$3,788$1,788
20 years$8,259$6,679$5,359$4,271$3,383$1,521
21 years$7,783$6,221$4,929$3,876$3,028$1,296
22 years$7,351$5,807$4,543$3,524$2,714$1,105
23 years$6,957$5,431$4,195$3,209$2,436$943
24 years$6,596$5,089$3,879$2,927$2,190$805
25 years$6,265$4,775$3,593$2,673$1,970$688
26 years$5,960$4,488$3,332$2,444$1,775$588
27 years$5,677$4,224$3,094$2,237$1,600$503
28 years$5,416$3,980$2,877$2,050$1,444$430
29 years$5,173$3,755$2,677$1,880$1,304$368
30 years$4,946$3,546$2,494$1,725$1,178$315
31 years$4,735$3,352$2,325$1,584$1,065$270
32 years$4,537$3,172$2,169$1,456$963$231
33 years$4,352$3,004$2,025$1,339$872$198
34 years$4,178$2,847$1,892$1,232$789$170
35 years$4,014$2,700$1,769$1,134$715$146
36 years$3,859$2,563$1,655$1,045$648$125
37 years$3,714$2,434$1,549$962$587$107
38 years$3,576$2,313$1,451$887$532$92
39 years$3,446$2,200$1,359$818$483$79
40 years$3,322$2,093$1,274$754$438$67
41 years$3,205$1,992$1,194$696$397$58
42 years$3,094$1,897$1,120$642$360$50
43 years$2,988$1,808$1,051$593$327$42
44 years$2,887$1,723$987$548$297$36
45 years$2,791$1,643$927$506$270$31
46 years$2,700$1,568$870$467$245$27
47 years$2,612$1,496$818$432$222$23
48 years$2,529$1,428$768$399$202$20
49 years$2,449$1,364$722$369$183$17
50 years$2,373$1,303$679$341$166$14

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 $6,959 every year, while hoping to spend $27,472 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: 32/40/28 Blend
54$2,430,000$2,430,000$2,430,000$2,430,000
55$2,685,038$2,556,248$2,518,583$2,747,839
56$2,929,682$2,652,274$2,573,726$2,892,603
57$3,198,359$2,752,085$2,629,795$3,045,512
58$3,493,491$2,855,837$2,686,792$3,209,674
59$3,817,747$2,963,693$2,744,720$3,386,100
60$4,174,067$3,075,823$2,803,577$3,575,896
61$4,565,688$3,192,405$2,863,364$3,780,281
62$4,996,180$3,313,625$2,924,079$4,000,589
63$5,469,473$3,439,675$2,985,718$4,238,288
64$5,989,898$3,570,758$3,048,278$4,494,987
65$6,562,227$3,707,084$3,111,754$4,772,456
66$7,191,715$3,848,872$3,176,139$5,072,641
67$7,884,156$3,996,353$3,241,426$5,397,676
68$8,645,931$4,149,765$3,307,605$5,749,910
69$9,484,071$4,309,359$3,374,664$6,131,926
70$10,406,323$4,475,394$3,442,593$6,546,559
71$11,421,224$4,648,144$3,511,375$6,996,931
72$12,538,178$4,827,893$3,580,996$7,486,474
73$13,767,549$5,014,937$3,651,436$8,018,960
74$15,120,757$5,209,586$3,722,676$8,598,542
75$16,610,382$5,412,163$3,794,694$9,229,784
76$18,250,289$5,623,008$3,867,465$9,917,712
77$20,055,755$5,842,471$3,940,961$10,667,852
78$22,043,612$6,070,922$4,015,153$11,486,287
79$24,232,409$6,308,746$4,090,010$12,379,709
80$26,642,584$6,556,344$4,165,494$13,355,485
81$29,296,659$6,814,136$4,241,570$14,421,722
82$32,219,450$7,082,561$4,318,194$15,587,343
83$35,438,304$7,362,077$4,395,324$16,862,171
84$38,983,353$7,653,161$4,472,910$18,257,019
85$42,887,804$7,956,314$4,550,900$19,783,792
86$47,188,245$8,272,059$4,629,241$21,455,595
87$51,924,996$8,600,940$4,707,871$23,286,860
88$57,142,488$8,943,528$4,786,727$25,293,474
89$62,889,680$9,300,419$4,865,740$27,492,933
90$69,220,524$9,672,236$4,944,839$29,904,503
91$76,194,470$10,059,629$5,023,944$32,549,400
92$83,877,033$10,463,277$5,102,973$35,450,987
93$92,340,405$10,883,892$5,181,837$38,634,996
94$101,664,140$11,322,217$5,260,442$42,129,765
95$111,935,904$11,779,028$5,338,689$45,966,505
96$123,252,302$12,255,136$5,416,471$50,179,593
97$135,719,789$12,751,390$5,493,675$54,806,893
98$149,455,676$13,268,676$5,570,181$59,890,111
99$164,589,236$13,807,922$5,645,863$65,475,187
100$181,262,925$14,370,097$5,720,587$71,612,724