Can I retire at age 55 with 2,440,000?

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 $2,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$201,493$199,698$197,947$196,238$194,569$187,591
2 years$99,749$97,891$96,091$94,345$92,652$85,697
3 years$65,839$63,973$62,177$60,448$58,782$52,069
4 years$48,887$47,027$45,249$43,549$41,924$35,504
5 years$38,719$36,870$35,115$33,450$31,870$25,760
6 years$31,942$30,107$28,378$26,750$25,218$19,422
7 years$27,103$25,284$23,582$21,993$20,509$15,026
8 years$23,476$21,673$20,000$18,449$17,014$11,840
9 years$20,656$18,870$17,226$15,715$14,328$9,456
10 years$18,402$16,633$15,018$13,546$12,208$7,630
11 years$16,558$14,807$13,221$11,789$10,500$6,205
12 years$15,023$13,290$11,734$10,341$9,099$5,077
13 years$13,725$12,011$10,483$9,129$7,934$4,175
14 years$12,614$10,917$9,419$8,104$6,955$3,447
15 years$11,651$9,973$8,504$7,227$6,124$2,855
16 years$10,810$9,150$7,710$6,471$5,412$2,371
17 years$10,069$8,427$7,016$5,814$4,799$1,973
18 years$9,410$7,787$6,405$5,240$4,267$1,645
19 years$8,822$7,217$5,863$4,735$3,803$1,373
20 years$8,293$6,706$5,381$4,288$3,397$1,148
21 years$7,815$6,247$4,950$3,892$3,040$960
22 years$7,381$5,831$4,562$3,539$2,725$804
23 years$6,985$5,454$4,212$3,223$2,446$674
24 years$6,623$5,110$3,895$2,939$2,199$565
25 years$6,291$4,795$3,608$2,684$1,978$474
26 years$5,984$4,507$3,346$2,454$1,782$398
27 years$5,701$4,241$3,107$2,247$1,607$334
28 years$5,438$3,997$2,889$2,058$1,450$281
29 years$5,194$3,770$2,688$1,888$1,309$236
30 years$4,967$3,561$2,504$1,732$1,183$198
31 years$4,754$3,366$2,334$1,591$1,069$166
32 years$4,556$3,185$2,178$1,462$967$140
33 years$4,370$3,016$2,033$1,345$875$118
34 years$4,195$2,859$1,900$1,237$793$99
35 years$4,030$2,711$1,776$1,139$718$83
36 years$3,875$2,573$1,662$1,049$650$70
37 years$3,729$2,444$1,555$966$590$59
38 years$3,591$2,323$1,457$891$534$49
39 years$3,460$2,209$1,365$821$485$42
40 years$3,336$2,102$1,279$758$440$35
41 years$3,218$2,000$1,199$699$399$29
42 years$3,106$1,905$1,125$645$362$25
43 years$3,000$1,815$1,056$595$328$21
44 years$2,899$1,730$991$550$298$17
45 years$2,803$1,650$930$508$271$15
46 years$2,711$1,574$874$469$246$12
47 years$2,623$1,502$821$433$223$10
48 years$2,539$1,434$772$400$203$9
49 years$2,459$1,369$725$370$184$7
50 years$2,382$1,308$682$342$167$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,440,000, adding $3,153 every year, while hoping to spend $37,865 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: 72/17/11 Blend
54$2,440,000$2,440,000$2,440,000$2,440,000
55$2,692,132$2,562,812$2,524,992$2,879,848
56$2,926,442$2,648,102$2,569,291$3,089,725
57$3,183,382$2,736,302$2,613,806$3,314,489
58$3,465,220$2,827,515$2,658,502$3,559,570
59$3,774,456$2,921,846$2,703,345$3,826,966
60$4,113,842$3,019,407$2,748,298$4,118,875
61$4,486,408$3,120,312$2,793,320$4,437,719
62$4,895,493$3,224,680$2,838,368$4,786,164
63$5,344,777$3,332,633$2,883,397$5,167,145
64$5,838,311$3,444,298$2,928,358$5,583,894
65$6,380,559$3,559,809$2,973,198$6,039,971
66$6,976,438$3,679,302$3,017,862$6,539,295
67$7,631,367$3,802,920$3,062,293$7,086,186
68$8,351,313$3,930,810$3,106,426$7,685,397
69$9,142,853$4,063,125$3,150,197$8,342,165
70$10,013,230$4,200,025$3,193,535$9,062,260
71$10,970,427$4,341,673$3,236,366$9,852,035
72$12,023,237$4,488,242$3,278,611$10,718,489
73$13,181,349$4,639,908$3,320,186$11,669,333
74$14,455,439$4,796,855$3,361,005$12,713,059
75$15,857,268$4,959,275$3,400,972$13,859,024
76$17,399,795$5,127,366$3,439,991$15,117,534
77$19,097,301$5,301,333$3,477,957$16,499,944
78$20,965,518$5,481,391$3,514,761$18,018,764
79$23,021,783$5,667,761$3,550,288$19,687,775
80$25,285,196$5,860,673$3,584,414$21,522,161
81$27,776,807$6,060,366$3,617,012$23,538,650
82$30,519,806$6,267,089$3,647,947$25,755,672
83$33,539,748$6,481,099$3,677,075$28,193,534
84$36,864,793$6,702,663$3,704,248$30,874,609
85$40,525,968$6,932,059$3,729,306$33,823,547
86$44,557,463$7,169,577$3,752,084$37,067,509
87$48,996,953$7,415,515$3,772,408$40,636,421
88$53,885,951$7,670,184$3,790,093$44,563,258
89$59,270,204$7,933,909$3,804,947$48,884,351
90$65,200,119$8,207,024$3,816,766$53,639,732
91$71,731,242$8,489,880$3,825,339$58,873,514
92$78,924,782$8,782,838$3,830,442$64,634,301
93$86,848,188$9,086,274$3,831,839$70,975,650
94$95,575,783$9,400,581$3,829,286$77,956,575
95$105,189,468$9,726,166$3,822,522$85,642,102
96$115,779,496$10,063,449$3,811,278$94,103,887
97$127,445,318$10,412,872$3,795,270$103,420,885
98$140,296,528$10,774,891$3,774,199$113,680,099
99$154,453,893$11,149,979$3,747,754$124,977,400
100$170,050,493$11,538,632$3,715,607$137,418,432