Can I retire at age 55 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$203,145$201,335$199,570$197,846$196,164$188,455
2 years$100,567$98,694$96,878$95,118$93,411$85,739
3 years$66,378$64,497$62,687$60,943$59,264$51,870
4 years$49,288$47,412$45,620$43,906$42,268$35,208
5 years$39,036$37,172$35,403$33,724$32,131$25,424
6 years$32,204$30,354$28,611$26,970$25,424$19,074
7 years$27,325$25,491$23,776$22,173$20,677$14,681
8 years$23,668$21,850$20,164$18,600$17,153$11,507
9 years$20,825$19,025$17,367$15,843$14,446$9,139
10 years$18,552$16,769$15,141$13,657$12,308$7,332
11 years$16,694$14,929$13,330$11,886$10,586$5,928
12 years$15,146$13,399$11,830$10,426$9,173$4,821
13 years$13,838$12,109$10,569$9,204$7,999$3,940
14 years$12,717$11,007$9,496$8,170$7,012$3,233
15 years$11,747$10,055$8,574$7,287$6,174$2,660
16 years$10,899$9,225$7,774$6,524$5,457$2,195
17 years$10,151$8,496$7,074$5,862$4,838$1,814
18 years$9,487$7,851$6,457$5,283$4,302$1,502
19 years$8,894$7,276$5,911$4,774$3,834$1,246
20 years$8,361$6,761$5,425$4,323$3,425$1,034
21 years$7,879$6,298$4,990$3,924$3,065$859
22 years$7,441$5,879$4,599$3,568$2,747$715
23 years$7,043$5,498$4,247$3,249$2,466$595
24 years$6,678$5,152$3,927$2,963$2,217$495
25 years$6,342$4,834$3,637$2,706$1,995$412
26 years$6,033$4,544$3,374$2,474$1,797$344
27 years$5,748$4,276$3,133$2,265$1,620$286
28 years$5,483$4,029$2,912$2,075$1,462$239
29 years$5,237$3,801$2,710$1,903$1,320$199
30 years$5,007$3,590$2,524$1,746$1,193$166
31 years$4,793$3,394$2,353$1,604$1,078$138
32 years$4,593$3,211$2,196$1,474$975$116
33 years$4,405$3,041$2,050$1,356$883$96
34 years$4,229$2,882$1,916$1,247$799$80
35 years$4,063$2,734$1,791$1,148$724$67
36 years$3,907$2,595$1,675$1,057$656$56
37 years$3,760$2,464$1,568$974$594$47
38 years$3,620$2,342$1,468$898$539$39
39 years$3,488$2,227$1,376$828$489$33
40 years$3,363$2,119$1,290$764$443$27
41 years$3,245$2,017$1,209$705$402$23
42 years$3,132$1,921$1,134$650$365$19
43 years$3,025$1,830$1,064$600$331$16
44 years$2,923$1,744$999$554$301$13
45 years$2,826$1,664$938$512$273$11
46 years$2,733$1,587$881$473$248$9
47 years$2,645$1,514$828$437$225$8
48 years$2,560$1,446$778$404$204$6
49 years$2,479$1,381$731$373$186$5
50 years$2,402$1,319$687$345$169$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,460,000, adding $4,156 every year, while hoping to spend $27,681 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: 62/30/8 Blend
54$2,460,000$2,460,000$2,460,000$2,460,000
55$2,715,207$2,584,827$2,546,697$2,878,798
56$2,962,706$2,682,031$2,602,559$3,085,828
57$3,234,522$2,783,070$2,659,364$3,308,112
58$3,533,106$2,888,104$2,717,116$3,550,023
59$3,861,158$2,997,297$2,775,815$3,813,457
60$4,221,654$3,110,822$2,835,463$4,100,503
61$4,617,870$3,228,859$2,896,058$4,413,454
62$5,053,417$3,351,597$2,957,600$4,754,838
63$5,532,271$3,479,232$3,020,086$5,127,434
64$6,058,817$3,611,968$3,083,512$5,534,300
65$6,637,881$3,750,019$3,147,875$5,978,802
66$7,274,783$3,893,609$3,213,167$6,464,644
67$7,975,384$4,042,969$3,279,381$6,995,903
68$8,746,141$4,198,342$3,346,509$7,577,066
69$9,594,170$4,359,983$3,414,539$8,213,075
70$10,527,309$4,528,156$3,483,460$8,909,367
71$11,554,196$4,703,137$3,553,257$9,671,930
72$12,684,348$4,885,215$3,623,915$10,507,357
73$13,928,252$5,074,691$3,695,417$11,422,904
74$15,297,462$5,271,879$3,767,742$12,426,565
75$16,804,711$5,477,109$3,840,868$13,527,140
76$18,464,026$5,690,722$3,914,772$14,734,320
77$20,290,866$5,913,077$3,989,427$16,058,777
78$22,302,265$6,144,548$4,064,803$17,512,264
79$24,516,991$6,385,525$4,140,869$19,107,726
80$26,955,725$6,636,418$4,217,589$20,859,419
81$29,641,258$6,897,651$4,294,927$22,783,044
82$32,598,700$7,169,669$4,372,841$24,895,895
83$35,855,723$7,452,939$4,451,287$27,217,023
84$39,442,820$7,747,946$4,530,218$29,767,408
85$43,393,589$8,055,197$4,609,582$32,570,163
86$47,745,057$8,375,223$4,689,324$35,650,749
87$52,538,021$8,708,578$4,769,385$39,037,210
88$57,817,442$9,055,840$4,849,702$42,760,441
89$63,632,860$9,417,616$4,930,206$46,854,476
90$70,038,870$9,794,537$5,010,826$51,356,809
91$77,095,629$10,187,264$5,091,483$56,308,744
92$84,869,431$10,596,487$5,172,096$61,755,785
93$93,433,327$11,022,929$5,252,575$67,748,065
94$102,867,817$11,467,344$5,332,828$74,340,815
95$113,261,611$11,930,521$5,412,754$81,594,884
96$124,712,462$12,413,283$5,492,248$89,577,312
97$137,328,093$12,916,493$5,571,197$98,361,961
98$151,227,208$13,441,051$5,649,483$108,030,211
99$166,540,621$13,987,900$5,726,977$118,671,723
100$183,412,481$14,558,024$5,803,548$130,385,285