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%15.5%
1 years$205,622$203,790$202,003$200,259$198,556$194,071
2 years$101,793$99,897$98,060$96,278$94,551$90,056
3 years$67,188$65,284$63,451$61,687$59,987$55,623
4 years$49,889$47,991$46,176$44,442$42,783$38,584
5 years$39,512$37,625$35,835$34,135$32,523$28,500
6 years$32,596$30,724$28,960$27,298$25,734$21,892
7 years$27,659$25,802$24,066$22,444$20,929$17,268
8 years$23,957$22,117$20,410$18,827$17,363$13,881
9 years$21,079$19,257$17,579$16,037$14,622$11,317
10 years$18,779$16,974$15,326$13,824$12,458$9,328
11 years$16,898$15,111$13,492$12,031$10,715$7,753
12 years$15,331$13,563$11,974$10,553$9,285$6,488
13 years$14,007$12,257$10,698$9,316$8,097$5,460
14 years$12,872$11,141$9,612$8,270$7,098$4,615
15 years$11,890$10,178$8,679$7,375$6,249$3,915
16 years$11,032$9,338$7,868$6,604$5,523$3,331
17 years$10,275$8,600$7,160$5,934$4,897$2,842
18 years$9,603$7,946$6,536$5,347$4,354$2,430
19 years$9,002$7,365$5,984$4,832$3,881$2,081
20 years$8,463$6,844$5,491$4,376$3,467$1,785
21 years$7,975$6,375$5,051$3,972$3,102$1,533
22 years$7,532$5,950$4,655$3,611$2,781$1,319
23 years$7,129$5,565$4,298$3,289$2,496$1,135
24 years$6,759$5,214$3,975$2,999$2,244$978
25 years$6,420$4,893$3,682$2,739$2,019$843
26 years$6,107$4,599$3,415$2,505$1,819$727
27 years$5,818$4,328$3,171$2,293$1,640$627
28 years$5,550$4,078$2,948$2,100$1,479$542
29 years$5,301$3,848$2,743$1,926$1,336$468
30 years$5,069$3,634$2,555$1,768$1,207$404
31 years$4,852$3,435$2,382$1,624$1,091$349
32 years$4,649$3,250$2,223$1,492$987$302
33 years$4,459$3,078$2,075$1,372$893$261
34 years$4,281$2,917$1,939$1,262$809$226
35 years$4,113$2,767$1,813$1,162$733$195
36 years$3,955$2,626$1,696$1,070$664$169
37 years$3,805$2,494$1,587$986$602$146
38 years$3,664$2,370$1,486$909$545$126
39 years$3,531$2,254$1,393$838$495$109
40 years$3,404$2,145$1,305$773$449$95
41 years$3,284$2,041$1,224$713$407$82
42 years$3,170$1,944$1,148$658$369$71
43 years$3,062$1,852$1,077$608$335$61
44 years$2,958$1,766$1,011$561$304$53
45 years$2,860$1,684$950$518$276$46
46 years$2,766$1,606$892$479$251$40
47 years$2,677$1,533$838$442$228$34
48 years$2,591$1,463$787$409$207$30
49 years$2,509$1,397$740$378$188$26
50 years$2,431$1,335$696$349$171$22

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 $3,688 every year, while hoping to spend $52,623 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: 38/42/20 Blend
54$2,490,000$2,490,000$2,490,000$2,490,000
55$2,747,784$2,615,814$2,577,219$2,835,597
56$2,972,068$2,687,999$2,607,566$2,971,543
57$3,217,464$2,761,956$2,637,165$3,113,124
58$3,486,072$2,837,719$2,665,936$3,265,053
59$3,780,202$2,915,317$2,693,795$3,428,293
60$4,102,397$2,994,782$2,720,652$3,603,905
61$4,455,459$3,076,144$2,746,411$3,793,057
62$4,842,474$3,159,433$2,770,974$3,997,032
63$5,266,840$3,244,679$2,794,236$4,217,245
64$5,732,300$3,331,911$2,816,085$4,455,255
65$6,242,977$3,421,156$2,836,406$4,712,775
66$6,803,411$3,512,444$2,855,076$4,991,695
67$7,418,604$3,605,799$2,871,966$5,294,094
68$8,094,066$3,701,248$2,886,942$5,622,263
69$8,835,867$3,798,814$2,899,860$5,978,724
70$9,650,692$3,898,523$2,910,572$6,366,258
71$10,545,906$4,000,394$2,918,920$6,787,926
72$11,529,623$4,104,448$2,924,739$7,247,100
73$12,610,783$4,210,705$2,927,856$7,747,496
74$13,799,233$4,319,179$2,928,089$8,293,209
75$15,105,823$4,429,887$2,925,248$8,888,748
76$16,542,505$4,542,840$2,919,132$9,539,084
77$18,122,450$4,658,048$2,909,532$10,249,692
78$19,860,166$4,775,518$2,896,227$11,026,607
79$21,771,639$4,895,256$2,878,988$11,876,476
80$23,874,484$5,017,261$2,857,571$12,806,627
81$26,188,106$5,141,531$2,831,725$13,825,134
82$28,733,888$5,268,062$2,801,183$14,940,892
83$31,535,390$5,396,842$2,765,667$16,163,706
84$34,618,570$5,527,857$2,724,888$17,504,382
85$38,012,031$5,661,089$2,678,539$18,974,824
86$41,747,290$5,796,514$2,626,301$20,588,156
87$45,859,074$5,934,104$2,567,842$22,358,837
88$50,385,646$6,073,822$2,502,812$24,302,804
89$55,369,171$6,215,628$2,430,845$26,437,621
90$60,856,107$6,359,474$2,351,559$28,782,642
91$66,897,648$6,505,306$2,264,554$31,359,198
92$73,550,204$6,653,062$2,169,413$34,190,800
93$80,875,934$6,802,672$2,065,697$37,303,356
94$88,943,332$6,954,056$1,952,951$40,725,418
95$97,827,874$7,107,126$1,830,697$44,488,457
96$107,612,727$7,261,785$1,698,435$48,627,154
97$118,389,537$7,417,924$1,555,644$53,179,730
98$130,259,291$7,575,424$1,401,780$58,188,312
99$143,333,272$7,734,153$1,236,273$63,699,323
100$157,734,106$7,893,967$1,058,528$69,763,929