Can I retire at age 55 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$184,151$182,511$180,911$179,349$177,823$176,186
2 years$91,164$89,466$87,821$86,225$84,678$83,028
3 years$60,172$58,467$56,826$55,245$53,723$52,112
4 years$44,679$42,980$41,355$39,801$38,316$36,756
5 years$35,386$33,696$32,093$30,571$29,127$27,623
6 years$29,193$27,516$25,936$24,448$23,047$21,601
7 years$24,771$23,108$21,553$20,100$18,744$17,356
8 years$21,455$19,808$18,278$16,861$15,550$14,220
9 years$18,878$17,246$15,743$14,362$13,095$11,824
10 years$16,818$15,202$13,725$12,380$11,158$9,943
11 years$15,133$13,533$12,084$10,775$9,596$8,438
12 years$13,730$12,147$10,724$9,451$8,316$7,212
13 years$12,544$10,977$9,581$8,344$7,251$6,202
14 years$11,528$9,978$8,609$7,407$6,357$5,359
15 years$10,649$9,115$7,772$6,605$5,597$4,650
16 years$9,880$8,363$7,047$5,914$4,946$4,050
17 years$9,202$7,702$6,412$5,314$4,386$3,537
18 years$8,600$7,117$5,854$4,789$3,900$3,097
19 years$8,062$6,596$5,359$4,327$3,476$2,718
20 years$7,579$6,129$4,918$3,919$3,105$2,389
21 years$7,142$5,709$4,524$3,557$2,778$2,104
22 years$6,746$5,329$4,169$3,234$2,490$1,855
23 years$6,384$4,984$3,850$2,945$2,236$1,638
24 years$6,053$4,670$3,560$2,686$2,009$1,448
25 years$5,749$4,382$3,297$2,453$1,808$1,281
26 years$5,469$4,119$3,058$2,243$1,629$1,135
27 years$5,210$3,876$2,840$2,053$1,468$1,005
28 years$4,970$3,653$2,640$1,881$1,325$892
29 years$4,747$3,446$2,457$1,725$1,196$791
30 years$4,539$3,254$2,288$1,583$1,081$702
31 years$4,345$3,076$2,133$1,454$977$624
32 years$4,164$2,911$1,990$1,336$884$554
33 years$3,994$2,757$1,858$1,229$800$492
34 years$3,834$2,613$1,736$1,131$724$438
35 years$3,683$2,478$1,623$1,041$656$389
36 years$3,542$2,352$1,519$959$594$346
37 years$3,408$2,234$1,421$883$539$308
38 years$3,282$2,123$1,331$814$488$274
39 years$3,162$2,019$1,247$751$443$244
40 years$3,049$1,921$1,169$692$402$217
41 years$2,941$1,828$1,096$639$365$193
42 years$2,839$1,741$1,028$589$331$172
43 years$2,742$1,659$965$544$300$153
44 years$2,650$1,581$906$502$272$137
45 years$2,561$1,508$850$464$247$122
46 years$2,477$1,439$799$429$225$108
47 years$2,397$1,373$750$396$204$97
48 years$2,321$1,311$705$366$185$86
49 years$2,247$1,252$663$338$168$77
50 years$2,177$1,195$623$313$153$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,230,000, adding $3,167 every year, while hoping to spend $45,150 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: 29/41/30 Blend
54$2,230,000$2,230,000$2,230,000$2,230,000
55$2,460,727$2,342,537$2,307,972$2,509,292
56$2,663,682$2,409,282$2,337,250$2,615,001
57$2,885,825$2,477,784$2,365,995$2,724,458
58$3,129,065$2,548,082$2,394,142$2,841,248
59$3,395,507$2,620,215$2,421,623$2,966,037
60$3,687,464$2,694,221$2,448,363$3,099,560
61$4,007,488$2,770,140$2,474,286$3,242,625
62$4,358,387$2,848,013$2,499,310$3,396,122
63$4,743,256$2,927,878$2,523,349$3,561,030
64$5,165,501$3,009,777$2,546,314$3,738,427
65$5,628,875$3,093,750$2,568,109$3,929,501
66$6,137,513$3,179,836$2,588,634$4,135,560
67$6,695,969$3,268,078$2,607,782$4,358,043
68$7,309,259$3,358,514$2,625,444$4,598,538
69$7,982,908$3,451,187$2,641,502$4,858,790
70$8,723,006$3,546,136$2,655,833$5,140,725
71$9,536,257$3,643,401$2,668,308$5,446,465
72$10,430,050$3,743,023$2,678,791$5,778,344
73$11,412,525$3,845,041$2,687,141$6,138,937
74$12,492,648$3,949,493$2,693,206$6,531,080
75$13,680,300$4,056,420$2,696,829$6,957,899
76$14,986,364$4,165,858$2,697,846$7,422,838
77$16,422,832$4,277,844$2,696,084$7,929,690
78$18,002,918$4,392,416$2,691,360$8,482,639
79$19,741,179$4,509,608$2,683,484$9,086,292
80$21,653,655$4,629,454$2,672,256$9,745,729
81$23,758,017$4,751,987$2,657,466$10,466,546
82$26,073,739$4,877,238$2,638,895$11,254,912
83$28,622,275$5,005,237$2,616,313$12,117,625
84$31,427,266$5,136,013$2,589,478$13,062,178
85$34,514,760$5,269,590$2,558,138$14,096,827
86$37,913,458$5,405,992$2,522,028$15,230,675
87$41,654,986$5,545,242$2,480,872$16,473,751
88$45,774,193$5,687,357$2,434,379$17,837,111
89$50,309,476$5,832,353$2,382,246$19,332,938
90$55,303,147$5,980,242$2,324,156$20,974,662
91$60,801,829$6,131,035$2,259,776$22,777,083
92$66,856,896$6,284,736$2,188,759$24,756,516
93$73,524,958$6,441,347$2,110,741$26,930,938
94$80,868,395$6,600,864$2,025,342$29,320,167
95$88,955,945$6,763,280$1,932,165$31,946,044
96$97,863,353$6,928,583$1,830,794$34,832,641
97$107,674,085$7,096,753$1,720,795$38,006,491
98$118,480,114$7,267,766$1,601,714$41,496,834
99$130,382,791$7,441,592$1,473,077$45,335,901
100$143,493,799$7,618,194$1,334,389$49,559,214