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%18.6%
1 years$205,622$203,790$202,003$200,259$198,556$191,664
2 years$101,793$99,897$98,060$96,278$94,551$87,678
3 years$67,188$65,284$63,451$61,687$59,987$53,350
4 years$49,889$47,991$46,176$44,442$42,783$36,432
5 years$39,512$37,625$35,835$34,135$32,523$26,475
6 years$32,596$30,724$28,960$27,298$25,734$19,994
7 years$27,659$25,802$24,066$22,444$20,929$15,496
8 years$23,957$22,117$20,410$18,827$17,363$12,232
9 years$21,079$19,257$17,579$16,037$14,622$9,787
10 years$18,779$16,974$15,326$13,824$12,458$7,911
11 years$16,898$15,111$13,492$12,031$10,715$6,446
12 years$15,331$13,563$11,974$10,553$9,285$5,285
13 years$14,007$12,257$10,698$9,316$8,097$4,355
14 years$12,872$11,141$9,612$8,270$7,098$3,603
15 years$11,890$10,178$8,679$7,375$6,249$2,991
16 years$11,032$9,338$7,868$6,604$5,523$2,489
17 years$10,275$8,600$7,160$5,934$4,897$2,076
18 years$9,603$7,946$6,536$5,347$4,354$1,734
19 years$9,002$7,365$5,984$4,832$3,881$1,451
20 years$8,463$6,844$5,491$4,376$3,467$1,216
21 years$7,975$6,375$5,051$3,972$3,102$1,020
22 years$7,532$5,950$4,655$3,611$2,781$856
23 years$7,129$5,565$4,298$3,289$2,496$719
24 years$6,759$5,214$3,975$2,999$2,244$604
25 years$6,420$4,893$3,682$2,739$2,019$508
26 years$6,107$4,599$3,415$2,505$1,819$428
27 years$5,818$4,328$3,171$2,293$1,640$360
28 years$5,550$4,078$2,948$2,100$1,479$303
29 years$5,301$3,848$2,743$1,926$1,336$255
30 years$5,069$3,634$2,555$1,768$1,207$215
31 years$4,852$3,435$2,382$1,624$1,091$181
32 years$4,649$3,250$2,223$1,492$987$152
33 years$4,459$3,078$2,075$1,372$893$128
34 years$4,281$2,917$1,939$1,262$809$108
35 years$4,113$2,767$1,813$1,162$733$91
36 years$3,955$2,626$1,696$1,070$664$77
37 years$3,805$2,494$1,587$986$602$65
38 years$3,664$2,370$1,486$909$545$55
39 years$3,531$2,254$1,393$838$495$46
40 years$3,404$2,145$1,305$773$449$39
41 years$3,284$2,041$1,224$713$407$33
42 years$3,170$1,944$1,148$658$369$28
43 years$3,062$1,852$1,077$608$335$23
44 years$2,958$1,766$1,011$561$304$20
45 years$2,860$1,684$950$518$276$17
46 years$2,766$1,606$892$479$251$14
47 years$2,677$1,533$838$442$228$12
48 years$2,591$1,463$787$409$207$10
49 years$2,509$1,397$740$378$188$8
50 years$2,431$1,335$696$349$171$7

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 $2,628 every year, while hoping to spend $21,454 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: 65/23/12 Blend
54$2,490,000$2,490,000$2,490,000$2,490,000
55$2,746,691$2,614,721$2,576,126$2,917,578
56$3,004,026$2,720,015$2,639,599$3,137,268
57$3,286,891$2,829,750$2,704,480$3,374,465
58$3,597,866$2,944,120$2,770,792$3,633,095
59$3,939,796$3,063,329$2,838,561$3,915,248
60$4,315,813$3,187,591$2,907,811$4,223,222
61$4,729,370$3,317,127$2,978,567$4,559,548
62$5,184,271$3,452,170$3,050,853$4,927,008
63$5,684,705$3,592,965$3,124,695$5,328,667
64$6,235,290$3,739,765$3,200,117$5,767,897
65$6,841,113$3,892,837$3,277,145$6,248,407
66$7,507,779$4,052,459$3,355,802$6,774,285
67$8,241,465$4,218,922$3,436,114$7,350,027
68$9,048,975$4,392,530$3,518,105$7,980,584
69$9,937,808$4,573,602$3,601,799$8,671,407
70$10,916,226$4,762,470$3,687,221$9,428,498
71$11,993,333$4,959,483$3,774,394$10,258,465
72$13,179,160$5,165,004$3,863,343$11,168,583
73$14,484,759$5,379,415$3,954,091$12,166,866
74$15,922,312$5,603,113$4,046,660$13,262,137
75$17,505,239$5,836,517$4,141,074$14,464,112
76$19,248,328$6,080,060$4,237,354$15,783,493
77$21,167,875$6,334,201$4,335,523$17,232,065
78$23,281,836$6,599,415$4,435,601$18,822,808
79$25,609,999$6,876,202$4,537,610$20,570,019
80$28,174,167$7,165,084$4,641,568$22,489,444
81$30,998,367$7,466,608$4,747,495$24,598,427
82$34,109,074$7,781,346$4,855,410$26,916,074
83$37,535,463$8,109,894$4,965,329$29,463,429
84$41,309,682$8,452,881$5,077,269$32,263,673
85$45,467,157$8,810,960$5,191,246$35,342,342
86$50,046,928$9,184,818$5,307,273$38,727,566
87$55,092,012$9,575,171$5,425,364$42,450,335
88$60,649,814$9,982,772$5,545,531$46,544,786
89$66,772,572$10,408,404$5,667,783$51,048,530
90$73,517,850$10,852,892$5,792,130$56,003,000
91$80,949,083$11,317,096$5,918,578$61,453,840
92$89,136,172$11,801,917$6,047,134$67,451,342
93$98,156,149$12,308,297$6,177,799$74,050,910
94$108,093,898$12,837,225$6,310,577$81,313,586
95$119,042,960$13,389,734$6,445,467$89,306,623
96$131,106,417$13,966,906$6,582,464$98,104,119
97$144,397,860$14,569,873$6,721,566$107,787,711
98$159,042,466$15,199,821$6,862,762$118,447,350
99$175,178,176$15,857,991$7,006,044$130,182,142
100$192,957,000$16,545,683$7,151,396$143,101,283