Can I retire at age 55 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$202,319$200,517$198,758$197,042$195,366$188,585
2 years$100,158$98,292$96,485$94,732$93,032$86,269
3 years$66,109$64,235$62,432$60,696$59,023$52,493
4 years$49,087$47,220$45,434$43,728$42,096$35,847
5 years$38,877$37,021$35,259$33,587$32,001$26,050
6 years$32,073$30,230$28,495$26,860$25,321$19,673
7 years$27,214$25,387$23,679$22,083$20,593$15,247
8 years$23,572$21,762$20,082$18,525$17,084$12,035
9 years$20,741$18,947$17,296$15,779$14,387$9,630
10 years$18,477$16,701$15,079$13,602$12,258$7,784
11 years$16,626$14,868$13,276$11,838$10,543$6,343
12 years$15,085$13,345$11,782$10,383$9,136$5,200
13 years$13,782$12,060$10,526$9,167$7,967$4,285
14 years$12,666$10,962$9,458$8,137$6,984$3,545
15 years$11,699$10,014$8,539$7,257$6,149$2,943
16 years$10,854$9,188$7,742$6,498$5,434$2,449
17 years$10,110$8,462$7,045$5,838$4,819$2,042
18 years$9,449$7,819$6,431$5,261$4,284$1,707
19 years$8,858$7,246$5,887$4,754$3,819$1,428
20 years$8,327$6,734$5,403$4,306$3,411$1,196
21 years$7,847$6,272$4,970$3,908$3,052$1,003
22 years$7,411$5,855$4,580$3,553$2,736$842
23 years$7,014$5,476$4,229$3,236$2,456$708
24 years$6,650$5,131$3,911$2,951$2,208$595
25 years$6,316$4,815$3,623$2,695$1,987$500
26 years$6,009$4,525$3,360$2,464$1,789$421
27 years$5,724$4,259$3,120$2,256$1,613$354
28 years$5,461$4,013$2,900$2,067$1,456$298
29 years$5,215$3,786$2,699$1,895$1,314$251
30 years$4,987$3,575$2,514$1,739$1,188$211
31 years$4,774$3,380$2,344$1,597$1,074$178
32 years$4,575$3,198$2,187$1,468$971$150
33 years$4,388$3,029$2,042$1,350$879$126
34 years$4,212$2,870$1,908$1,242$796$107
35 years$4,047$2,722$1,784$1,143$721$90
36 years$3,891$2,584$1,669$1,053$653$76
37 years$3,744$2,454$1,562$970$592$64
38 years$3,605$2,332$1,462$894$537$54
39 years$3,474$2,218$1,370$825$487$45
40 years$3,350$2,110$1,284$761$441$38
41 years$3,231$2,009$1,204$702$400$32
42 years$3,119$1,913$1,130$648$363$27
43 years$3,013$1,823$1,060$598$330$23
44 years$2,911$1,737$995$552$299$19
45 years$2,814$1,657$934$510$272$16
46 years$2,722$1,580$877$471$247$14
47 years$2,634$1,508$824$435$224$12
48 years$2,550$1,440$775$402$203$10
49 years$2,469$1,375$728$372$185$8
50 years$2,392$1,313$685$343$168$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,450,000, adding $3,255 every year, while hoping to spend $46,722 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: 59/33/8 Blend
54$2,450,000$2,450,000$2,450,000$2,450,000
55$2,703,258$2,573,408$2,535,433$2,857,805
56$2,929,278$2,649,793$2,570,658$3,038,307
57$3,176,787$2,728,355$2,605,497$3,229,433
58$3,447,926$2,809,151$2,639,888$3,436,662
59$3,745,055$2,892,240$2,673,765$3,661,545
60$4,070,773$2,977,682$2,707,059$3,905,787
61$4,427,941$3,065,538$2,739,694$4,171,262
62$4,819,712$3,155,871$2,771,595$4,460,036
63$5,249,557$3,248,743$2,802,678$4,774,381
64$5,721,301$3,344,220$2,832,857$5,116,800
65$6,239,156$3,442,369$2,862,040$5,490,047
66$6,807,762$3,543,258$2,890,130$5,897,154
67$7,432,231$3,646,954$2,917,027$6,341,460
68$8,118,193$3,753,529$2,942,621$6,826,642
69$8,871,851$3,863,054$2,966,801$7,356,748
70$9,700,038$3,975,602$2,989,448$7,936,237
71$10,610,283$4,091,248$3,010,436$8,570,020
72$11,610,880$4,210,067$3,029,633$9,263,504
73$12,710,966$4,332,136$3,046,902$10,022,645
74$13,920,607$4,457,534$3,062,096$10,854,005
75$15,250,895$4,586,339$3,075,062$11,764,808
76$16,714,049$4,718,633$3,085,640$12,763,016
77$18,323,534$4,854,498$3,093,660$13,857,396
78$20,094,182$4,994,016$3,098,946$15,057,608
79$22,042,339$5,137,273$3,101,310$16,374,292
80$24,186,012$5,284,353$3,100,559$17,819,170
81$26,545,043$5,435,345$3,096,485$19,405,157
82$29,141,295$5,590,334$3,088,875$21,146,481
83$31,998,858$5,749,411$3,077,503$23,058,815
84$35,144,274$5,912,665$3,062,132$25,159,431
85$38,606,791$6,080,187$3,042,515$27,467,354
86$42,418,635$6,252,068$3,018,391$30,003,549
87$46,615,317$6,428,400$2,989,488$32,791,112
88$51,235,965$6,609,277$2,955,521$35,855,495
89$56,323,695$6,794,793$2,916,192$39,224,737
90$61,926,015$6,985,041$2,871,188$42,929,735
91$68,095,277$7,180,117$2,820,181$47,004,533
92$74,889,167$7,380,114$2,762,829$51,486,642
93$82,371,251$7,585,129$2,698,773$56,417,396
94$90,611,575$7,795,256$2,627,638$61,842,338
95$99,687,323$8,010,591$2,549,032$67,811,653
96$109,683,548$8,231,229$2,462,543$74,380,641
97$120,693,975$8,457,263$2,367,742$81,610,236
98$132,821,879$8,688,789$2,264,181$89,567,583
99$146,181,070$8,925,898$2,151,390$98,326,671
100$160,896,955$9,168,683$2,028,878$107,969,031