Can I retire at age 55 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$204,796$202,972$201,192$199,455$197,759$192,354
2 years$101,384$99,496$97,666$95,892$94,171$88,765
3 years$66,918$65,022$63,196$61,439$59,746$54,508
4 years$49,688$47,798$45,991$44,263$42,611$37,582
5 years$39,353$37,474$35,691$33,998$32,392$27,586
6 years$32,465$30,600$28,843$27,189$25,631$21,051
7 years$27,548$25,698$23,969$22,353$20,845$16,492
8 years$23,861$22,028$20,328$18,752$17,293$13,165
9 years$20,995$19,179$17,508$15,972$14,563$10,656
10 years$18,703$16,906$15,264$13,768$12,408$8,717
11 years$16,830$15,050$13,438$11,983$10,672$7,191
12 years$15,270$13,508$11,926$10,510$9,248$5,970
13 years$13,950$12,207$10,655$9,279$8,064$4,983
14 years$12,821$11,096$9,574$8,237$7,069$4,178
15 years$11,842$10,137$8,644$7,346$6,224$3,514
16 years$10,987$9,300$7,837$6,577$5,501$2,965
17 years$10,234$8,565$7,131$5,910$4,878$2,508
18 years$9,564$7,915$6,510$5,326$4,337$2,125
19 years$8,966$7,335$5,959$4,812$3,866$1,804
20 years$8,429$6,816$5,469$4,359$3,453$1,533
21 years$7,943$6,349$5,031$3,956$3,090$1,305
22 years$7,502$5,927$4,637$3,597$2,770$1,112
23 years$7,100$5,543$4,281$3,275$2,486$948
24 years$6,732$5,193$3,959$2,987$2,235$809
25 years$6,394$4,874$3,667$2,728$2,011$691
26 years$6,082$4,581$3,401$2,495$1,811$590
27 years$5,794$4,311$3,158$2,283$1,633$504
28 years$5,527$4,062$2,936$2,092$1,474$431
29 years$5,279$3,832$2,732$1,918$1,331$369
30 years$5,048$3,619$2,545$1,761$1,202$315
31 years$4,832$3,421$2,373$1,617$1,087$270
32 years$4,631$3,237$2,214$1,486$983$231
33 years$4,441$3,066$2,067$1,367$890$198
34 years$4,264$2,905$1,931$1,257$806$169
35 years$4,096$2,756$1,805$1,157$730$145
36 years$3,939$2,616$1,689$1,066$661$124
37 years$3,790$2,484$1,581$982$599$106
38 years$3,650$2,361$1,480$905$543$91
39 years$3,517$2,245$1,387$835$493$78
40 years$3,391$2,136$1,300$770$447$67
41 years$3,271$2,033$1,219$710$405$57
42 years$3,157$1,936$1,143$656$368$49
43 years$3,049$1,845$1,073$605$334$42
44 years$2,947$1,759$1,007$559$303$36
45 years$2,849$1,677$946$516$275$31
46 years$2,755$1,600$888$477$250$26
47 years$2,666$1,527$834$440$227$23
48 years$2,581$1,457$784$407$206$19
49 years$2,499$1,392$737$376$187$17
50 years$2,421$1,330$693$348$170$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,480,000, adding $5,153 every year, while hoping to spend $29,818 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: 47/42/11 Blend
54$2,480,000$2,480,000$2,480,000$2,480,000
55$2,738,275$2,606,835$2,568,395$2,858,386
56$2,985,853$2,702,844$2,622,710$3,037,766
57$3,257,685$2,802,558$2,677,846$3,228,830
58$3,556,212$2,906,127$2,733,797$3,435,515
59$3,884,126$3,013,708$2,790,560$3,659,283
60$4,244,391$3,125,463$2,848,127$3,901,739
61$4,640,271$3,241,563$2,906,491$4,164,649
62$5,075,363$3,362,184$2,965,644$4,449,953
63$5,553,632$3,487,513$3,025,574$4,759,785
64$6,079,442$3,617,740$3,086,271$5,096,489
65$6,657,604$3,753,069$3,147,720$5,462,643
66$7,293,417$3,893,707$3,209,906$5,861,084
67$7,992,721$4,039,873$3,272,813$6,294,929
68$8,761,948$4,191,796$3,336,422$6,767,610
69$9,608,186$4,349,714$3,400,711$7,282,899
70$10,539,244$4,513,873$3,465,658$7,844,948
71$11,563,728$4,684,534$3,531,239$8,458,326
72$12,691,118$4,861,966$3,597,425$9,128,058
73$13,931,860$5,046,450$3,664,187$9,859,677
74$15,297,465$5,238,281$3,731,492$10,659,269
75$16,800,614$5,437,765$3,799,305$11,533,534
76$18,455,284$5,645,223$3,867,589$12,489,848
77$20,276,871$5,860,987$3,936,302$13,536,329
78$22,282,344$6,085,407$4,005,400$14,681,912
79$24,490,398$6,318,847$4,074,835$15,936,437
80$26,921,633$6,561,685$4,144,557$17,310,734
81$29,598,751$6,814,319$4,214,511$18,816,731
82$32,546,765$7,077,162$4,284,638$20,467,558
83$35,793,238$7,350,646$4,354,877$22,277,674
84$39,368,543$7,635,222$4,425,159$24,263,002
85$43,306,146$7,931,360$4,495,415$26,441,077
86$47,642,929$8,239,553$4,565,567$28,831,206
87$52,419,530$8,560,313$4,635,536$31,454,656
88$57,680,730$8,894,176$4,705,234$34,334,848
89$63,475,877$9,241,703$4,774,571$37,497,577
90$69,859,347$9,603,477$4,843,451$40,971,254
91$76,891,063$9,980,110$4,911,768$44,787,171
92$84,637,055$10,372,239$4,979,416$48,979,798
93$93,170,085$10,780,529$5,046,277$53,587,102
94$102,570,336$11,205,678$5,112,230$58,650,906
95$112,926,166$11,648,411$5,177,145$64,217,278
96$124,334,940$12,109,488$5,240,884$70,336,968
97$136,903,953$12,589,703$5,303,304$77,065,881
98$150,751,442$13,089,884$5,364,250$84,465,605
99$166,007,698$13,610,897$5,423,561$92,603,987
100$182,816,300$14,153,648$5,481,067$101,555,771