Can I retire at age 55 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$187,454$185,785$184,156$182,566$181,013$176,781
2 years$92,799$91,071$89,396$87,772$86,197$81,957
3 years$61,252$59,516$57,845$56,236$54,687$50,572
4 years$45,481$43,750$42,096$40,515$39,003$35,044
5 years$36,021$34,301$32,669$31,119$29,649$25,859
6 years$29,716$28,009$26,401$24,887$23,461$19,841
7 years$25,215$23,522$21,939$20,461$19,080$15,632
8 years$21,840$20,163$18,606$17,164$15,829$12,552
9 years$19,217$17,555$16,026$14,620$13,330$10,221
10 years$17,120$15,474$13,972$12,602$11,358$8,414
11 years$15,405$13,776$12,300$10,968$9,768$6,985
12 years$13,977$12,364$10,916$9,620$8,465$5,838
13 years$12,769$11,174$9,753$8,493$7,381$4,906
14 years$11,735$10,157$8,763$7,539$6,471$4,141
15 years$10,840$9,278$7,912$6,724$5,697$3,508
16 years$10,057$8,513$7,173$6,020$5,035$2,981
17 years$9,367$7,840$6,527$5,409$4,465$2,539
18 years$8,755$7,244$5,959$4,875$3,970$2,168
19 years$8,207$6,714$5,455$4,405$3,538$1,854
20 years$7,715$6,239$5,006$3,989$3,160$1,588
21 years$7,270$5,811$4,605$3,621$2,828$1,362
22 years$6,867$5,425$4,244$3,292$2,535$1,169
23 years$6,499$5,074$3,919$2,998$2,276$1,005
24 years$6,162$4,754$3,624$2,734$2,045$864
25 years$5,852$4,461$3,357$2,497$1,841$744
26 years$5,567$4,193$3,113$2,283$1,658$641
27 years$5,304$3,946$2,891$2,090$1,495$552
28 years$5,059$3,718$2,687$1,915$1,349$476
29 years$4,832$3,508$2,501$1,756$1,218$410
30 years$4,621$3,313$2,329$1,612$1,100$354
31 years$4,423$3,131$2,172$1,480$995$305
32 years$4,238$2,963$2,026$1,360$900$263
33 years$4,065$2,806$1,892$1,251$814$227
34 years$3,903$2,659$1,768$1,151$737$196
35 years$3,750$2,522$1,653$1,059$668$170
36 years$3,605$2,394$1,546$976$605$146
37 years$3,469$2,274$1,447$899$548$126
38 years$3,341$2,161$1,355$829$497$109
39 years$3,219$2,055$1,270$764$451$94
40 years$3,103$1,955$1,190$705$409$82
41 years$2,994$1,861$1,116$650$371$70
42 years$2,890$1,772$1,047$600$337$61
43 years$2,791$1,689$982$554$306$53
44 years$2,697$1,610$922$511$277$45
45 years$2,607$1,535$866$472$252$39
46 years$2,522$1,464$813$436$229$34
47 years$2,440$1,397$764$403$208$29
48 years$2,362$1,334$718$372$189$25
49 years$2,288$1,274$675$344$171$22
50 years$2,216$1,217$634$318$156$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,270,000, adding $6,476 every year, while hoping to spend $43,677 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: 59/14/27 Blend
54$2,270,000$2,270,000$2,270,000$2,270,000
55$2,508,220$2,387,910$2,352,725$2,637,491
56$2,717,586$2,458,446$2,385,069$2,797,045
57$2,946,844$2,530,974$2,417,033$2,965,786
58$3,197,977$2,605,545$2,448,558$3,148,931
59$3,473,167$2,682,214$2,479,581$3,347,889
60$3,774,820$2,761,032$2,510,037$3,564,214
61$4,105,584$2,842,056$2,539,856$3,799,616
62$4,468,377$2,925,340$2,568,965$4,055,981
63$4,866,412$3,010,942$2,597,285$4,335,383
64$5,303,227$3,098,919$2,624,736$4,640,111
65$5,782,722$3,189,331$2,651,230$4,972,682
66$6,309,189$3,282,238$2,676,676$5,335,873
67$6,887,361$3,377,702$2,700,978$5,732,741
68$7,522,446$3,475,784$2,724,036$6,166,656
69$8,220,187$3,576,549$2,745,742$6,641,330
70$8,986,906$3,680,060$2,765,985$7,160,852
71$9,829,571$3,786,383$2,784,645$7,729,730
72$10,755,856$3,895,585$2,801,600$8,352,928
73$11,774,218$4,007,734$2,816,719$9,035,919
74$12,893,973$4,122,897$2,829,864$9,784,731
75$14,125,385$4,241,146$2,840,891$10,606,008
76$15,479,762$4,362,550$2,849,648$11,507,071
77$16,969,563$4,487,180$2,855,977$12,495,986
78$18,608,517$4,615,110$2,859,710$13,581,644
79$20,411,747$4,746,412$2,860,672$14,773,840
80$22,395,920$4,881,160$2,858,679$16,083,370
81$24,579,396$5,019,430$2,853,538$17,522,128
82$26,982,409$5,161,296$2,845,045$19,103,226
83$29,627,250$5,306,836$2,832,990$20,841,108
84$32,538,484$5,456,124$2,817,149$22,751,695
85$35,743,174$5,609,239$2,797,288$24,852,531
86$39,271,144$5,766,259$2,773,164$27,162,948
87$43,155,256$5,927,260$2,744,520$29,704,254
88$47,431,718$6,092,322$2,711,088$32,499,927
89$52,140,430$6,261,523$2,672,586$35,575,844
90$57,325,358$6,434,941$2,628,721$38,960,517
91$63,034,945$6,612,654$2,579,184$42,685,373
92$69,322,577$6,794,741$2,523,654$46,785,041
93$76,247,076$6,981,279$2,461,792$51,297,684
94$83,873,262$7,172,346$2,393,247$56,265,362
95$92,272,562$7,368,019$2,317,648$61,734,421
96$101,523,683$7,568,372$2,234,609$67,755,941
97$111,713,358$7,773,481$2,143,728$74,386,212
98$122,937,159$7,983,420$2,044,581$81,687,265
99$135,300,402$8,198,261$1,936,727$89,727,463
100$148,919,141$8,418,073$1,819,706$98,582,145