Can I retire at age 55 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$205,622$203,790$202,003$200,259$198,556$190,678
2 years$101,793$99,897$98,060$96,278$94,551$86,711
3 years$67,188$65,284$63,451$61,687$59,987$52,433
4 years$49,889$47,991$46,176$44,442$42,783$35,572
5 years$39,512$37,625$35,835$34,135$32,523$25,674
6 years$32,596$30,724$28,960$27,298$25,734$19,251
7 years$27,659$25,802$24,066$22,444$20,929$14,809
8 years$23,957$22,117$20,410$18,827$17,363$11,600
9 years$21,079$19,257$17,579$16,037$14,622$9,207
10 years$18,779$16,974$15,326$13,824$12,458$7,382
11 years$16,898$15,111$13,492$12,031$10,715$5,964
12 years$15,331$13,563$11,974$10,553$9,285$4,848
13 years$14,007$12,257$10,698$9,316$8,097$3,959
14 years$12,872$11,141$9,612$8,270$7,098$3,246
15 years$11,890$10,178$8,679$7,375$6,249$2,669
16 years$11,032$9,338$7,868$6,604$5,523$2,201
17 years$10,275$8,600$7,160$5,934$4,897$1,818
18 years$9,603$7,946$6,536$5,347$4,354$1,504
19 years$9,002$7,365$5,984$4,832$3,881$1,246
20 years$8,463$6,844$5,491$4,376$3,467$1,034
21 years$7,975$6,375$5,051$3,972$3,102$858
22 years$7,532$5,950$4,655$3,611$2,781$713
23 years$7,129$5,565$4,298$3,289$2,496$593
24 years$6,759$5,214$3,975$2,999$2,244$493
25 years$6,420$4,893$3,682$2,739$2,019$411
26 years$6,107$4,599$3,415$2,505$1,819$342
27 years$5,818$4,328$3,171$2,293$1,640$285
28 years$5,550$4,078$2,948$2,100$1,479$237
29 years$5,301$3,848$2,743$1,926$1,336$198
30 years$5,069$3,634$2,555$1,768$1,207$165
31 years$4,852$3,435$2,382$1,624$1,091$137
32 years$4,649$3,250$2,223$1,492$987$114
33 years$4,459$3,078$2,075$1,372$893$95
34 years$4,281$2,917$1,939$1,262$809$79
35 years$4,113$2,767$1,813$1,162$733$66
36 years$3,955$2,626$1,696$1,070$664$55
37 years$3,805$2,494$1,587$986$602$46
38 years$3,664$2,370$1,486$909$545$38
39 years$3,531$2,254$1,393$838$495$32
40 years$3,404$2,145$1,305$773$449$27
41 years$3,284$2,041$1,224$713$407$22
42 years$3,170$1,944$1,148$658$369$19
43 years$3,062$1,852$1,077$608$335$15
44 years$2,958$1,766$1,011$561$304$13
45 years$2,860$1,684$950$518$276$11
46 years$2,766$1,606$892$479$251$9
47 years$2,677$1,533$838$442$228$7
48 years$2,591$1,463$787$409$207$6
49 years$2,509$1,397$740$378$188$5
50 years$2,431$1,335$696$349$171$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,490,000, adding $5,366 every year, while hoping to spend $43,402 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: 71/15/14 Blend
54$2,490,000$2,490,000$2,490,000$2,490,000
55$2,749,515$2,617,545$2,578,950$2,935,827
56$2,983,786$2,699,625$2,619,165$3,142,227
57$3,240,498$2,784,273$2,659,273$3,362,329
58$3,521,895$2,871,568$2,699,225$3,602,143
59$3,830,446$2,961,592$2,738,966$3,863,605
60$4,168,872$3,054,432$2,778,443$4,148,852
61$4,540,172$3,150,173$2,817,595$4,460,233
62$4,947,645$3,248,908$2,856,361$4,800,337
63$5,394,929$3,350,728$2,894,672$5,172,013
64$5,886,028$3,455,730$2,932,460$5,578,401
65$6,425,354$3,564,012$2,969,650$6,022,958
66$7,017,770$3,675,678$3,006,162$6,509,491
67$7,668,628$3,790,832$3,041,914$7,042,196
68$8,383,827$3,909,582$3,076,817$7,625,690
69$9,169,866$4,032,040$3,110,779$8,265,064
70$10,033,904$4,158,322$3,143,702$8,965,923
71$10,983,829$4,288,546$3,175,483$9,734,441
72$12,028,329$4,422,835$3,206,011$10,577,422
73$13,176,979$4,561,314$3,235,173$11,502,360
74$14,440,328$4,704,115$3,262,848$12,517,511
75$15,829,995$4,851,370$3,288,907$13,631,971
76$17,358,786$5,003,219$3,313,217$14,855,760
77$19,040,809$5,159,804$3,335,637$16,199,919
78$20,891,608$5,321,271$3,356,017$17,676,613
79$22,928,311$5,487,772$3,374,203$19,299,243
80$25,169,789$5,659,463$3,390,029$21,082,577
81$27,636,836$5,836,505$3,403,323$23,042,883
82$30,352,363$6,019,063$3,413,904$25,198,089
83$33,341,615$6,207,309$3,421,581$27,567,946
84$36,632,411$6,401,418$3,426,155$30,174,219
85$40,255,401$6,601,572$3,427,416$33,040,889
86$44,244,361$6,807,957$3,425,142$36,194,378
87$48,636,506$7,020,768$3,419,105$39,663,804
88$53,472,845$7,240,201$3,409,061$43,481,248
89$58,798,566$7,466,462$3,394,755$47,682,063
90$64,663,463$7,699,762$3,375,923$52,305,202
91$71,122,404$7,940,318$3,352,284$57,393,591
92$78,235,850$8,188,354$3,323,546$62,994,527
93$86,070,424$8,444,101$3,289,402$69,160,132
94$94,699,543$8,707,797$3,249,533$75,947,837
95$104,204,104$8,979,687$3,203,600$83,420,932
96$114,673,255$9,260,024$3,151,253$91,649,153
97$126,205,230$9,549,068$3,092,122$100,709,351
98$138,908,278$9,847,086$3,025,823$110,686,209
99$152,901,685$10,154,357$2,951,951$121,673,043
100$168,316,901$10,471,164$2,870,085$133,772,686