Can I retire at age 55 with 2,250,000?

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 $2,250,000?

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$185,803$184,148$182,533$180,957$179,418$175,366
2 years$91,982$90,269$88,608$86,999$85,437$81,376
3 years$60,712$58,991$57,335$55,741$54,205$50,262
4 years$45,080$43,365$41,726$40,158$38,659$34,865
5 years$35,704$33,999$32,381$30,845$29,388$25,753
6 years$29,455$27,762$26,168$24,667$23,254$19,782
7 years$24,993$23,315$21,746$20,280$18,912$15,603
8 years$21,648$19,985$18,442$17,013$15,689$12,543
9 years$19,048$17,401$15,884$14,491$13,212$10,227
10 years$16,969$15,338$13,848$12,491$11,258$8,429
11 years$15,269$13,654$12,192$10,871$9,682$7,006
12 years$13,853$12,255$10,820$9,536$8,390$5,863
13 years$12,657$11,075$9,667$8,418$7,316$4,933
14 years$11,632$10,067$8,686$7,473$6,414$4,170
15 years$10,744$9,197$7,842$6,665$5,647$3,537
16 years$9,968$8,438$7,110$5,967$4,991$3,010
17 years$9,285$7,771$6,470$5,362$4,425$2,568
18 years$8,677$7,181$5,906$4,832$3,935$2,196
19 years$8,135$6,655$5,407$4,366$3,507$1,880
20 years$7,647$6,184$4,962$3,954$3,133$1,613
21 years$7,206$5,760$4,564$3,589$2,803$1,386
22 years$6,806$5,377$4,207$3,263$2,513$1,192
23 years$6,441$5,029$3,884$2,972$2,256$1,026
24 years$6,108$4,712$3,592$2,710$2,027$883
25 years$5,801$4,422$3,327$2,475$1,824$762
26 years$5,518$4,156$3,086$2,263$1,643$657
27 years$5,257$3,911$2,865$2,072$1,482$567
28 years$5,015$3,685$2,664$1,898$1,337$489
29 years$4,790$3,477$2,479$1,741$1,207$423
30 years$4,580$3,283$2,309$1,597$1,091$365
31 years$4,384$3,104$2,152$1,467$986$316
32 years$4,201$2,937$2,008$1,348$892$273
33 years$4,029$2,781$1,875$1,240$807$236
34 years$3,868$2,636$1,752$1,141$731$204
35 years$3,716$2,500$1,638$1,050$662$176
36 years$3,574$2,373$1,532$967$600$153
37 years$3,439$2,254$1,434$891$544$132
38 years$3,311$2,142$1,343$821$493$114
39 years$3,190$2,037$1,258$757$447$99
40 years$3,076$1,938$1,179$699$405$86
41 years$2,968$1,845$1,106$644$368$74
42 years$2,865$1,757$1,037$595$334$64
43 years$2,767$1,674$973$549$303$55
44 years$2,673$1,596$914$507$275$48
45 years$2,584$1,522$858$468$250$42
46 years$2,500$1,451$806$432$227$36
47 years$2,419$1,385$757$400$206$31
48 years$2,341$1,322$711$369$187$27
49 years$2,268$1,263$669$341$170$23
50 years$2,197$1,206$629$315$154$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,250,000, adding $2,751 every year, while hoping to spend $27,897 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: 46/36/18 Blend
54$2,250,000$2,250,000$2,250,000$2,250,000
55$2,482,338$2,363,088$2,328,213$2,583,660
56$2,705,854$2,449,197$2,376,526$2,740,766
57$2,951,234$2,538,590$2,425,522$2,908,094
58$3,220,678$2,631,400$2,475,195$3,089,038
59$3,516,611$2,727,762$2,525,538$3,284,878
60$3,841,702$2,827,819$2,576,541$3,497,019
61$4,198,895$2,931,721$2,628,194$3,727,009
62$4,591,429$3,039,623$2,680,486$3,976,545
63$5,022,876$3,151,685$2,733,403$4,247,497
64$5,497,169$3,268,077$2,786,931$4,541,919
65$6,018,641$3,388,974$2,841,054$4,862,073
66$6,592,067$3,514,558$2,895,754$5,210,443
67$7,222,708$3,645,022$2,951,012$5,589,765
68$7,916,359$3,780,562$3,006,805$6,003,048
69$8,679,405$3,921,388$3,063,112$6,453,604
70$9,518,884$4,067,715$3,119,905$6,945,075
71$10,442,545$4,219,769$3,177,157$7,481,472
72$11,458,932$4,377,784$3,234,839$8,067,207
73$12,577,454$4,542,007$3,292,917$8,707,137
74$13,808,481$4,712,692$3,351,356$9,406,611
75$15,163,439$4,890,107$3,410,120$10,171,512
76$16,654,917$5,074,529$3,469,166$11,008,321
77$18,296,788$5,266,250$3,528,452$11,924,171
78$20,104,336$5,465,572$3,587,931$12,926,916
79$22,094,404$5,672,811$3,647,552$14,025,205
80$24,285,550$5,888,296$3,707,263$15,228,560
81$26,698,226$6,112,372$3,767,006$16,547,466
82$29,354,964$6,345,397$3,826,719$17,993,472
83$32,280,596$6,587,747$3,886,340$19,579,293
84$35,502,481$6,839,811$3,945,797$21,318,934
85$39,050,771$7,101,999$4,005,018$23,227,820
86$42,958,688$7,374,735$4,063,925$25,322,938
87$47,262,842$7,658,465$4,122,434$27,622,999
88$52,003,575$7,953,652$4,180,458$30,148,613
89$57,225,339$8,260,781$4,237,903$32,922,478
90$62,977,122$8,580,357$4,294,671$35,969,601
91$69,312,902$8,912,909$4,350,656$39,317,524
92$76,292,164$9,258,987$4,405,749$42,996,588
93$83,980,455$9,619,168$4,459,832$47,040,218
94$92,450,006$9,994,052$4,512,781$51,485,232
95$101,780,412$10,384,266$4,564,465$56,372,192
96$112,059,387$10,790,468$4,614,747$61,745,782
97$123,383,583$11,213,340$4,663,480$67,655,232
98$135,859,514$11,653,598$4,710,511$74,154,774
99$149,604,549$12,111,990$4,755,679$81,304,160
100$164,748,030$12,589,294$4,798,811$89,169,217