Can I retire at age 55 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$203,970$202,153$200,381$198,651$196,961$192,200
2 years$100,975$99,095$97,272$95,505$93,791$89,023
3 years$66,648$64,760$62,942$61,191$59,505$54,878
4 years$49,488$47,605$45,805$44,085$42,439$37,991
5 years$39,195$37,323$35,547$33,861$32,262$28,003
6 years$32,335$30,477$28,727$27,079$25,528$21,463
7 years$27,436$25,595$23,872$22,263$20,761$16,891
8 years$23,765$21,939$20,246$18,676$17,223$13,547
9 years$20,910$19,102$17,438$15,908$14,504$11,018
10 years$18,628$16,838$15,202$13,713$12,358$9,059
11 years$16,762$14,989$13,384$11,934$10,629$7,510
12 years$15,208$13,454$11,878$10,468$9,211$6,269
13 years$13,894$12,158$10,612$9,242$8,032$5,261
14 years$12,769$11,052$9,535$8,204$7,041$4,434
15 years$11,795$10,096$8,609$7,316$6,199$3,751
16 years$10,943$9,263$7,805$6,551$5,479$3,183
17 years$10,192$8,531$7,102$5,886$4,858$2,708
18 years$9,526$7,883$6,484$5,304$4,319$2,308
19 years$8,930$7,306$5,935$4,793$3,850$1,971
20 years$8,395$6,789$5,447$4,341$3,439$1,686
21 years$7,911$6,323$5,010$3,940$3,077$1,444
22 years$7,472$5,903$4,618$3,582$2,758$1,238
23 years$7,071$5,521$4,264$3,262$2,476$1,062
24 years$6,705$5,172$3,943$2,975$2,226$912
25 years$6,368$4,854$3,652$2,717$2,003$784
26 years$6,058$4,562$3,387$2,485$1,804$674
27 years$5,771$4,293$3,145$2,274$1,626$580
28 years$5,505$4,046$2,924$2,084$1,468$499
29 years$5,258$3,817$2,721$1,911$1,325$429
30 years$5,028$3,604$2,535$1,754$1,197$370
31 years$4,813$3,407$2,363$1,611$1,083$318
32 years$4,612$3,224$2,205$1,480$979$274
33 years$4,423$3,053$2,058$1,361$886$236
34 years$4,246$2,894$1,923$1,252$802$204
35 years$4,080$2,745$1,798$1,153$727$176
36 years$3,923$2,605$1,682$1,062$658$151
37 years$3,775$2,474$1,574$978$597$131
38 years$3,635$2,351$1,474$902$541$113
39 years$3,502$2,236$1,381$831$491$97
40 years$3,377$2,127$1,295$767$445$84
41 years$3,258$2,025$1,214$707$404$72
42 years$3,145$1,929$1,139$653$366$62
43 years$3,037$1,838$1,069$603$332$54
44 years$2,935$1,752$1,003$557$302$46
45 years$2,837$1,670$942$514$274$40
46 years$2,744$1,593$885$475$249$34
47 years$2,655$1,521$831$439$226$30
48 years$2,570$1,452$781$405$205$26
49 years$2,489$1,386$734$375$186$22
50 years$2,412$1,324$690$346$169$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,470,000, adding $4,692 every year, while hoping to spend $51,968 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: 24/48/28 Blend
54$2,470,000$2,470,000$2,470,000$2,470,000
55$2,726,780$2,595,870$2,557,585$2,768,087
56$2,949,618$2,667,774$2,587,970$2,875,472
57$3,193,444$2,741,459$2,617,632$2,985,745
58$3,460,343$2,816,959$2,646,491$3,102,804
59$3,752,613$2,894,305$2,674,463$3,227,250
60$4,072,782$2,973,529$2,701,461$3,359,742
61$4,423,638$3,054,664$2,727,391$3,501,005
62$4,808,246$3,137,740$2,752,157$3,651,841
63$5,229,987$3,222,789$2,775,654$3,813,126
64$5,692,582$3,309,841$2,797,773$3,985,831
65$6,200,128$3,398,926$2,818,402$4,171,021
66$6,757,142$3,490,075$2,837,419$4,369,870
67$7,368,596$3,583,314$2,854,699$4,583,672
68$8,039,969$3,678,672$2,870,107$4,813,851
69$8,777,294$3,776,176$2,883,504$5,061,976
70$9,587,221$3,875,851$2,894,744$5,329,775
71$10,477,070$3,977,721$2,903,671$5,619,154
72$11,454,911$4,081,809$2,910,124$5,932,210
73$12,529,631$4,188,136$2,913,932$6,271,256
74$13,711,022$4,296,723$2,914,917$6,638,841
75$15,009,870$4,407,587$2,912,891$7,037,770
76$16,438,061$4,520,743$2,907,657$7,471,140
77$18,008,689$4,636,205$2,899,009$7,942,361
78$19,736,181$4,753,984$2,886,731$8,455,190
79$21,636,430$4,874,088$2,870,595$9,013,772
80$23,726,951$4,996,523$2,850,365$9,622,671
81$26,027,038$5,121,291$2,825,790$10,286,920
82$28,557,952$5,248,390$2,796,610$11,012,066
83$31,343,118$5,377,816$2,762,552$11,804,223
84$34,408,347$5,509,561$2,723,328$12,670,131
85$37,782,079$5,643,609$2,678,640$13,617,218
86$41,495,649$5,779,945$2,628,174$14,653,673
87$45,583,588$5,918,545$2,571,600$15,788,521
88$50,083,941$6,059,381$2,508,576$17,031,711
89$55,038,632$6,202,419$2,438,741$18,394,211
90$60,493,853$6,347,618$2,361,720$19,888,109
91$66,500,508$6,494,933$2,277,119$21,526,730
92$73,114,684$6,644,309$2,184,527$23,324,763
93$80,398,187$6,795,685$2,083,514$25,298,398
94$88,419,119$6,948,992$1,973,629$27,465,484
95$97,252,527$7,104,150$1,854,404$29,845,692
96$106,981,104$7,261,073$1,725,345$32,460,708
97$117,695,974$7,419,662$1,585,942$35,334,435
98$129,497,549$7,579,811$1,435,656$38,493,220
99$142,496,477$7,741,400$1,273,928$41,966,107
100$156,814,686$7,904,297$1,100,173$45,785,107