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%12.9%
1 years$203,145$201,335$199,570$197,846$196,164$193,793
2 years$100,567$98,694$96,878$95,118$93,411$91,025
3 years$66,378$64,497$62,687$60,943$59,264$56,937
4 years$49,288$47,412$45,620$43,906$42,268$40,017
5 years$39,036$37,172$35,403$33,724$32,131$29,964
6 years$32,204$30,354$28,611$26,970$25,424$23,344
7 years$27,325$25,491$23,776$22,173$20,677$18,683
8 years$23,668$21,850$20,164$18,600$17,153$15,246
9 years$20,825$19,025$17,367$15,843$14,446$12,625
10 years$18,552$16,769$15,141$13,657$12,308$10,572
11 years$16,694$14,929$13,330$11,886$10,586$8,933
12 years$15,146$13,399$11,830$10,426$9,173$7,602
13 years$13,838$12,109$10,569$9,204$7,999$6,507
14 years$12,717$11,007$9,496$8,170$7,012$5,597
15 years$11,747$10,055$8,574$7,287$6,174$4,834
16 years$10,899$9,225$7,774$6,524$5,457$4,189
17 years$10,151$8,496$7,074$5,862$4,838$3,641
18 years$9,487$7,851$6,457$5,283$4,302$3,172
19 years$8,894$7,276$5,911$4,774$3,834$2,769
20 years$8,361$6,761$5,425$4,323$3,425$2,422
21 years$7,879$6,298$4,990$3,924$3,065$2,122
22 years$7,441$5,879$4,599$3,568$2,747$1,861
23 years$7,043$5,498$4,247$3,249$2,466$1,635
24 years$6,678$5,152$3,927$2,963$2,217$1,437
25 years$6,342$4,834$3,637$2,706$1,995$1,265
26 years$6,033$4,544$3,374$2,474$1,797$1,114
27 years$5,748$4,276$3,133$2,265$1,620$982
28 years$5,483$4,029$2,912$2,075$1,462$866
29 years$5,237$3,801$2,710$1,903$1,320$764
30 years$5,007$3,590$2,524$1,746$1,193$674
31 years$4,793$3,394$2,353$1,604$1,078$595
32 years$4,593$3,211$2,196$1,474$975$526
33 years$4,405$3,041$2,050$1,356$883$465
34 years$4,229$2,882$1,916$1,247$799$411
35 years$4,063$2,734$1,791$1,148$724$363
36 years$3,907$2,595$1,675$1,057$656$321
37 years$3,760$2,464$1,568$974$594$284
38 years$3,620$2,342$1,468$898$539$251
39 years$3,488$2,227$1,376$828$489$222
40 years$3,363$2,119$1,290$764$443$197
41 years$3,245$2,017$1,209$705$402$174
42 years$3,132$1,921$1,134$650$365$154
43 years$3,025$1,830$1,064$600$331$136
44 years$2,923$1,744$999$554$301$121
45 years$2,826$1,664$938$512$273$107
46 years$2,733$1,587$881$473$248$95
47 years$2,645$1,514$828$437$225$84
48 years$2,560$1,446$778$404$204$74
49 years$2,479$1,381$731$373$186$66
50 years$2,402$1,319$687$345$169$58

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 $6,062 every year, while hoping to spend $20,678 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: 58/34/8 Blend
54$2,460,000$2,460,000$2,460,000$2,460,000
55$2,717,173$2,586,793$2,548,663$2,869,546
56$2,972,323$2,691,545$2,612,042$3,077,447
57$3,252,806$2,800,736$2,676,851$3,301,078
58$3,561,183$2,914,563$2,743,116$3,544,312
59$3,900,277$3,033,230$2,810,864$3,809,031
60$4,273,198$3,156,951$2,880,121$4,097,299
61$4,683,373$3,285,950$2,950,913$4,411,390
62$5,134,576$3,420,461$3,023,268$4,753,801
63$5,630,967$3,560,727$3,097,212$5,127,281
64$6,177,129$3,707,006$3,172,771$5,534,853
65$6,778,111$3,859,564$3,249,974$5,979,841
66$7,439,477$4,018,682$3,328,847$6,465,903
67$8,167,357$4,184,651$3,409,417$6,997,065
68$8,968,507$4,357,778$3,491,712$7,577,756
69$9,850,368$4,538,382$3,575,757$8,212,849
70$10,821,141$4,726,799$3,661,581$8,907,707
71$11,889,864$4,923,379$3,749,211$9,668,233
72$13,066,493$5,128,487$3,838,672$10,500,924
73$14,362,000$5,342,507$3,929,992$11,412,932
74$15,788,474$5,565,840$4,023,197$12,412,130
75$17,359,237$5,798,906$4,118,313$13,507,183
76$19,088,969$6,042,142$4,215,367$14,707,634
77$20,993,845$6,296,008$4,314,382$16,023,986
78$23,091,690$6,560,984$4,415,386$17,467,806
79$25,402,143$6,837,573$4,518,402$19,051,828
80$27,946,848$7,126,300$4,623,455$20,790,076
81$30,749,654$7,427,717$4,730,568$22,697,992
82$33,836,841$7,742,398$4,839,765$24,792,579
83$37,237,369$8,070,945$4,951,068$27,092,565
84$40,983,150$8,413,991$5,064,498$29,618,573
85$45,109,349$8,772,194$5,180,076$32,393,317
86$49,654,717$9,146,246$5,297,823$35,441,812
87$54,661,955$9,536,869$5,417,757$38,791,612
88$60,178,119$9,944,820$5,539,896$42,473,064
89$66,255,061$10,370,891$5,664,257$46,519,594
90$72,949,924$10,815,910$5,790,856$50,968,021
91$80,325,672$11,280,747$5,919,706$55,858,903
92$88,451,696$11,766,308$6,050,821$61,236,914
93$97,404,456$12,273,545$6,184,211$67,151,267
94$107,268,216$12,803,453$6,319,887$73,656,173
95$118,135,826$13,357,075$6,457,856$80,811,354
96$130,109,610$13,935,501$6,598,124$88,682,599
97$143,302,324$14,539,874$6,740,694$97,342,385
98$157,838,222$15,171,389$6,885,569$106,870,558
99$173,854,233$15,831,300$7,032,747$117,355,084
100$191,501,247$16,520,915$7,182,227$128,892,873