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%12.3%
1 years$204,796$202,972$201,192$199,455$197,759$195,856
2 years$101,384$99,496$97,666$95,892$94,171$92,255
3 years$66,918$65,022$63,196$61,439$59,746$57,875
4 years$49,688$47,798$45,991$44,263$42,611$40,800
5 years$39,353$37,474$35,691$33,998$32,392$30,647
6 years$32,465$30,600$28,843$27,189$25,631$23,952
7 years$27,548$25,698$23,969$22,353$20,845$19,234
8 years$23,861$22,028$20,328$18,752$17,293$15,750
9 years$20,995$19,179$17,508$15,972$14,563$13,088
10 years$18,703$16,906$15,264$13,768$12,408$11,000
11 years$16,830$15,050$13,438$11,983$10,672$9,329
12 years$15,270$13,508$11,926$10,510$9,248$7,969
13 years$13,950$12,207$10,655$9,279$8,064$6,848
14 years$12,821$11,096$9,574$8,237$7,069$5,914
15 years$11,842$10,137$8,644$7,346$6,224$5,128
16 years$10,987$9,300$7,837$6,577$5,501$4,462
17 years$10,234$8,565$7,131$5,910$4,878$3,895
18 years$9,564$7,915$6,510$5,326$4,337$3,408
19 years$8,966$7,335$5,959$4,812$3,866$2,988
20 years$8,429$6,816$5,469$4,359$3,453$2,625
21 years$7,943$6,349$5,031$3,956$3,090$2,310
22 years$7,502$5,927$4,637$3,597$2,770$2,036
23 years$7,100$5,543$4,281$3,275$2,486$1,796
24 years$6,732$5,193$3,959$2,987$2,235$1,586
25 years$6,394$4,874$3,667$2,728$2,011$1,403
26 years$6,082$4,581$3,401$2,495$1,811$1,241
27 years$5,794$4,311$3,158$2,283$1,633$1,099
28 years$5,527$4,062$2,936$2,092$1,474$974
29 years$5,279$3,832$2,732$1,918$1,331$863
30 years$5,048$3,619$2,545$1,761$1,202$766
31 years$4,832$3,421$2,373$1,617$1,087$679
32 years$4,631$3,237$2,214$1,486$983$603
33 years$4,441$3,066$2,067$1,367$890$536
34 years$4,264$2,905$1,931$1,257$806$476
35 years$4,096$2,756$1,805$1,157$730$423
36 years$3,939$2,616$1,689$1,066$661$376
37 years$3,790$2,484$1,581$982$599$334
38 years$3,650$2,361$1,480$905$543$297
39 years$3,517$2,245$1,387$835$493$264
40 years$3,391$2,136$1,300$770$447$235
41 years$3,271$2,033$1,219$710$405$209
42 years$3,157$1,936$1,143$656$368$186
43 years$3,049$1,845$1,073$605$334$165
44 years$2,947$1,759$1,007$559$303$147
45 years$2,849$1,677$946$516$275$131
46 years$2,755$1,600$888$477$250$117
47 years$2,666$1,527$834$440$227$104
48 years$2,581$1,457$784$407$206$92
49 years$2,499$1,392$737$376$187$82
50 years$2,421$1,330$693$348$170$73

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 $2,768 every year, while hoping to spend $50,892 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: 66/23/11 Blend
54$2,480,000$2,480,000$2,480,000$2,480,000
55$2,735,815$2,604,375$2,565,935$2,909,644
56$2,960,720$2,677,841$2,597,745$3,099,253
57$3,206,859$2,753,201$2,628,915$3,300,141
58$3,476,344$2,830,494$2,659,370$3,518,399
59$3,771,503$2,909,759$2,689,031$3,755,719
60$4,094,896$2,991,037$2,717,812$4,013,965
61$4,449,343$3,074,366$2,745,628$4,295,188
62$4,837,953$3,159,787$2,772,383$4,601,646
63$5,264,146$3,247,338$2,797,980$4,935,828
64$5,731,692$3,337,061$2,822,315$5,300,471
65$6,244,741$3,428,993$2,845,279$5,698,594
66$6,807,867$3,523,176$2,866,758$6,133,517
67$7,426,106$3,619,648$2,886,630$6,608,900
68$8,105,005$3,718,447$2,904,769$7,128,775
69$8,850,678$3,819,613$2,921,041$7,697,579
70$9,669,856$3,923,184$2,935,306$8,320,204
71$10,569,958$4,029,196$2,947,415$9,002,037
72$11,559,154$4,137,687$2,957,213$9,749,012
73$12,646,447$4,248,693$2,964,539$10,567,667
74$13,841,753$4,362,247$2,969,219$11,465,205
75$15,156,000$4,478,385$2,971,076$12,449,560
76$16,601,225$4,597,139$2,969,921$13,529,474
77$18,190,691$4,718,541$2,965,554$14,714,580
78$19,939,012$4,842,619$2,957,771$16,015,489
79$21,862,286$4,969,403$2,946,351$17,443,894
80$23,978,254$5,098,918$2,931,069$19,012,676
81$26,306,460$5,231,189$2,911,683$20,736,032
82$28,868,439$5,366,238$2,887,945$22,629,600
83$31,687,920$5,504,084$2,859,591$24,710,613
84$34,791,047$5,644,743$2,826,347$26,998,062
85$38,206,629$5,788,230$2,787,924$29,512,868
86$41,966,407$5,934,555$2,744,021$32,278,087
87$46,105,357$6,083,725$2,694,323$35,319,125
88$50,662,019$6,235,743$2,638,498$38,663,974
89$55,678,859$6,390,609$2,576,202$42,343,483
90$61,202,670$6,548,316$2,507,072$46,391,643
91$67,285,014$6,708,855$2,430,731$50,845,910
92$73,982,706$6,872,210$2,346,781$55,747,560
93$81,358,354$7,038,360$2,254,810$61,142,076
94$89,480,944$7,207,277$2,154,384$67,079,579
95$98,426,496$7,378,929$2,045,051$73,615,298
96$108,278,776$7,553,275$1,926,338$80,810,097
97$119,130,091$7,730,265$1,797,751$88,731,046
98$131,082,158$7,909,846$1,658,773$97,452,050
99$144,247,060$8,091,950$1,508,864$107,054,557
100$158,748,310$8,276,505$1,347,460$117,628,317