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%17.8%
1 years$204,796$202,972$201,192$199,455$197,759$191,505
2 years$101,384$99,496$97,666$95,892$94,171$87,927
3 years$66,918$65,022$63,196$61,439$59,746$53,708
4 years$49,688$47,798$45,991$44,263$42,611$36,825
5 years$39,353$37,474$35,691$33,998$32,392$26,874
6 years$32,465$30,600$28,843$27,189$25,631$20,385
7 years$27,548$25,698$23,969$22,353$20,845$15,871
8 years$23,861$22,028$20,328$18,752$17,293$12,587
9 years$20,995$19,179$17,508$15,972$14,563$10,120
10 years$18,703$16,906$15,264$13,768$12,408$8,222
11 years$16,830$15,050$13,438$11,983$10,672$6,734
12 years$15,270$13,508$11,926$10,510$9,248$5,551
13 years$13,950$12,207$10,655$9,279$8,064$4,599
14 years$12,821$11,096$9,574$8,237$7,069$3,826
15 years$11,842$10,137$8,644$7,346$6,224$3,194
16 years$10,987$9,300$7,837$6,577$5,501$2,673
17 years$10,234$8,565$7,131$5,910$4,878$2,243
18 years$9,564$7,915$6,510$5,326$4,337$1,885
19 years$8,966$7,335$5,959$4,812$3,866$1,587
20 years$8,429$6,816$5,469$4,359$3,453$1,338
21 years$7,943$6,349$5,031$3,956$3,090$1,129
22 years$7,502$5,927$4,637$3,597$2,770$954
23 years$7,100$5,543$4,281$3,275$2,486$806
24 years$6,732$5,193$3,959$2,987$2,235$682
25 years$6,394$4,874$3,667$2,728$2,011$577
26 years$6,082$4,581$3,401$2,495$1,811$489
27 years$5,794$4,311$3,158$2,283$1,633$414
28 years$5,527$4,062$2,936$2,092$1,474$351
29 years$5,279$3,832$2,732$1,918$1,331$297
30 years$5,048$3,619$2,545$1,761$1,202$252
31 years$4,832$3,421$2,373$1,617$1,087$214
32 years$4,631$3,237$2,214$1,486$983$181
33 years$4,441$3,066$2,067$1,367$890$154
34 years$4,264$2,905$1,931$1,257$806$130
35 years$4,096$2,756$1,805$1,157$730$111
36 years$3,939$2,616$1,689$1,066$661$94
37 years$3,790$2,484$1,581$982$599$80
38 years$3,650$2,361$1,480$905$543$68
39 years$3,517$2,245$1,387$835$493$57
40 years$3,391$2,136$1,300$770$447$49
41 years$3,271$2,033$1,219$710$405$41
42 years$3,157$1,936$1,143$656$368$35
43 years$3,049$1,845$1,073$605$334$30
44 years$2,947$1,759$1,007$559$303$25
45 years$2,849$1,677$946$516$275$21
46 years$2,755$1,600$888$477$250$18
47 years$2,666$1,527$834$440$227$15
48 years$2,581$1,457$784$407$206$13
49 years$2,499$1,392$737$376$187$11
50 years$2,421$1,330$693$348$170$9

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 $5,850 every year, while hoping to spend $41,589 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: 54/33/13 Blend
54$2,480,000$2,480,000$2,480,000$2,480,000
55$2,738,994$2,607,554$2,569,114$2,877,295
56$2,974,121$2,691,074$2,610,929$3,055,546
57$3,231,837$2,777,292$2,652,751$3,244,478
58$3,514,403$2,866,298$2,694,536$3,449,161
59$3,824,307$2,958,181$2,736,238$3,671,101
60$4,164,291$3,053,037$2,777,807$3,911,956
61$4,537,376$3,150,963$2,819,191$4,173,550
62$4,946,888$3,252,060$2,860,333$4,457,889
63$5,396,490$3,356,431$2,901,174$4,767,183
64$5,890,221$3,464,185$2,941,652$5,103,863
65$6,432,526$3,575,432$2,981,700$5,470,604
66$7,028,303$3,690,287$3,021,246$5,870,351
67$7,682,948$3,808,870$3,060,217$6,306,347
68$8,402,407$3,931,303$3,098,532$6,782,161
69$9,193,229$4,057,712$3,136,109$7,301,724
70$10,062,628$4,188,230$3,172,858$7,869,362
71$11,018,554$4,322,991$3,208,687$8,489,841
72$12,069,764$4,462,136$3,243,496$9,168,408
73$13,225,909$4,605,810$3,277,182$9,910,841
74$14,497,619$4,754,162$3,309,635$10,723,504
75$15,896,608$4,907,347$3,340,739$11,613,406
76$17,435,780$5,065,526$3,370,372$12,588,264
77$19,129,357$5,228,863$3,398,407$13,656,583
78$20,993,004$5,397,531$3,424,707$14,827,726
79$23,043,986$5,571,705$3,449,130$16,112,008
80$25,301,324$5,751,570$3,471,527$17,520,792
81$27,785,976$5,937,313$3,491,739$19,066,595
82$30,521,035$6,129,132$3,509,603$20,763,205
83$33,531,949$6,327,227$3,524,943$22,625,811
84$36,846,756$6,531,809$3,537,576$24,671,148
85$40,496,351$6,743,094$3,547,311$26,917,648
86$44,514,778$6,961,305$3,553,946$29,385,623
87$48,939,551$7,186,675$3,557,268$32,097,446
88$53,812,005$7,419,442$3,557,056$35,077,770
89$59,177,689$7,659,854$3,553,077$38,353,754
90$65,086,794$7,908,167$3,545,086$41,955,323
91$71,594,626$8,164,646$3,532,825$45,915,444
92$78,762,130$8,429,566$3,516,027$50,270,445
93$86,656,462$8,703,210$3,494,409$55,060,349
94$95,351,625$8,985,871$3,467,675$60,329,255
95$104,929,165$9,277,852$3,435,516$66,125,755
96$115,478,941$9,579,469$3,397,608$72,503,386
97$127,099,976$9,891,045$3,353,610$79,521,143
98$139,901,384$10,212,918$3,303,167$87,244,026
99$154,003,409$10,545,434$3,245,907$95,743,661
100$169,538,551$10,888,954$3,181,439$105,098,967