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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.7%
1 years$205,622$203,790$202,003$200,259$198,556$190,829
2 years$101,793$99,897$98,060$96,278$94,551$86,859
3 years$67,188$65,284$63,451$61,687$59,987$52,573
4 years$49,889$47,991$46,176$44,442$42,783$35,703
5 years$39,512$37,625$35,835$34,135$32,523$25,795
6 years$32,596$30,724$28,960$27,298$25,734$19,363
7 years$27,659$25,802$24,066$22,444$20,929$14,912
8 years$23,957$22,117$20,410$18,827$17,363$11,695
9 years$21,079$19,257$17,579$16,037$14,622$9,294
10 years$18,779$16,974$15,326$13,824$12,458$7,461
11 years$16,898$15,111$13,492$12,031$10,715$6,036
12 years$15,331$13,563$11,974$10,553$9,285$4,913
13 years$14,007$12,257$10,698$9,316$8,097$4,018
14 years$12,872$11,141$9,612$8,270$7,098$3,299
15 years$11,890$10,178$8,679$7,375$6,249$2,716
16 years$11,032$9,338$7,868$6,604$5,523$2,243
17 years$10,275$8,600$7,160$5,934$4,897$1,855
18 years$9,603$7,946$6,536$5,347$4,354$1,538
19 years$9,002$7,365$5,984$4,832$3,881$1,276
20 years$8,463$6,844$5,491$4,376$3,467$1,060
21 years$7,975$6,375$5,051$3,972$3,102$881
22 years$7,532$5,950$4,655$3,611$2,781$734
23 years$7,129$5,565$4,298$3,289$2,496$611
24 years$6,759$5,214$3,975$2,999$2,244$509
25 years$6,420$4,893$3,682$2,739$2,019$424
26 years$6,107$4,599$3,415$2,505$1,819$354
27 years$5,818$4,328$3,171$2,293$1,640$295
28 years$5,550$4,078$2,948$2,100$1,479$246
29 years$5,301$3,848$2,743$1,926$1,336$205
30 years$5,069$3,634$2,555$1,768$1,207$171
31 years$4,852$3,435$2,382$1,624$1,091$143
32 years$4,649$3,250$2,223$1,492$987$120
33 years$4,459$3,078$2,075$1,372$893$100
34 years$4,281$2,917$1,939$1,262$809$83
35 years$4,113$2,767$1,813$1,162$733$70
36 years$3,955$2,626$1,696$1,070$664$58
37 years$3,805$2,494$1,587$986$602$49
38 years$3,664$2,370$1,486$909$545$41
39 years$3,531$2,254$1,393$838$495$34
40 years$3,404$2,145$1,305$773$449$28
41 years$3,284$2,041$1,224$713$407$24
42 years$3,170$1,944$1,148$658$369$20
43 years$3,062$1,852$1,077$608$335$16
44 years$2,958$1,766$1,011$561$304$14
45 years$2,860$1,684$950$518$276$12
46 years$2,766$1,606$892$479$251$10
47 years$2,677$1,533$838$442$228$8
48 years$2,591$1,463$787$409$207$7
49 years$2,509$1,397$740$378$188$6
50 years$2,431$1,335$696$349$171$5

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 $3,017 every year, while hoping to spend $25,435 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: 68/16/16 Blend
54$2,490,000$2,490,000$2,490,000$2,490,000
55$2,747,092$2,615,122$2,576,527$2,923,281
56$3,000,233$2,716,200$2,635,778$3,142,228
57$3,278,341$2,821,379$2,696,161$3,378,340
58$3,583,938$2,930,832$2,757,688$3,635,959
59$3,919,798$3,044,742$2,820,370$3,917,198
60$4,288,980$3,163,297$2,884,215$4,224,381
61$4,694,854$3,286,696$2,949,234$4,560,069
62$5,141,132$3,415,147$3,015,436$4,927,080
63$5,631,903$3,548,864$3,082,828$5,328,517
64$6,171,673$3,688,075$3,151,420$5,767,794
65$6,765,408$3,833,015$3,221,216$6,248,673
66$7,418,576$3,983,929$3,292,224$6,775,296
67$8,137,206$4,141,076$3,364,448$7,352,222
68$8,927,936$4,304,725$3,437,892$7,984,475
69$9,798,084$4,475,155$3,512,560$8,677,583
70$10,755,711$4,652,660$3,588,453$9,437,638
71$11,809,701$4,837,547$3,665,573$10,271,348
72$12,969,839$5,030,136$3,743,920$11,186,101
73$14,246,912$5,230,762$3,823,490$12,190,035
74$15,652,802$5,439,775$3,904,282$13,292,112
75$17,200,603$5,657,539$3,986,290$14,502,206
76$18,904,743$5,884,436$4,069,509$15,831,191
77$20,781,120$6,120,867$4,153,931$17,291,046
78$22,847,252$6,367,248$4,239,546$18,894,968
79$25,122,444$6,624,014$4,326,342$20,657,493
80$27,627,965$6,891,623$4,414,307$22,594,635
81$30,387,255$7,170,550$4,503,424$24,724,036
82$33,426,141$7,461,293$4,593,675$27,065,131
83$36,773,084$7,764,374$4,685,040$29,639,331
84$40,459,447$8,080,335$4,777,496$32,470,226
85$44,519,786$8,409,748$4,871,018$35,583,803
86$48,992,185$8,753,206$4,965,578$39,008,695
87$53,918,607$9,111,332$5,061,144$42,776,448
88$59,345,294$9,484,777$5,157,682$46,921,817
89$65,323,204$9,874,221$5,255,154$51,483,095
90$71,908,488$10,280,375$5,353,519$56,502,474
91$79,163,024$10,703,983$5,452,732$62,026,440
92$87,154,999$11,145,825$5,552,745$68,106,211
93$95,959,551$11,606,713$5,653,504$74,798,222
94$105,659,483$12,087,499$5,754,954$82,164,655
95$116,346,037$12,589,073$5,857,031$90,274,024
96$128,119,762$13,112,367$5,959,671$99,201,821
97$141,091,459$13,658,355$6,062,802$109,031,228
98$155,383,230$14,228,056$6,166,348$119,853,901
99$171,129,625$14,822,536$6,270,226$131,770,833
100$188,478,917$15,442,911$6,374,349$144,893,307