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%12.9%
1 years$187,454$185,785$184,156$182,566$181,013$178,825
2 years$92,799$91,071$89,396$87,772$86,197$83,995
3 years$61,252$59,516$57,845$56,236$54,687$52,539
4 years$45,481$43,750$42,096$40,515$39,003$36,927
5 years$36,021$34,301$32,669$31,119$29,649$27,650
6 years$29,716$28,009$26,401$24,887$23,461$21,541
7 years$25,215$23,522$21,939$20,461$19,080$17,240
8 years$21,840$20,163$18,606$17,164$15,829$14,069
9 years$19,217$17,555$16,026$14,620$13,330$11,650
10 years$17,120$15,474$13,972$12,602$11,358$9,756
11 years$15,405$13,776$12,300$10,968$9,768$8,243
12 years$13,977$12,364$10,916$9,620$8,465$7,014
13 years$12,769$11,174$9,753$8,493$7,381$6,004
14 years$11,735$10,157$8,763$7,539$6,471$5,165
15 years$10,840$9,278$7,912$6,724$5,697$4,460
16 years$10,057$8,513$7,173$6,020$5,035$3,865
17 years$9,367$7,840$6,527$5,409$4,465$3,359
18 years$8,755$7,244$5,959$4,875$3,970$2,927
19 years$8,207$6,714$5,455$4,405$3,538$2,555
20 years$7,715$6,239$5,006$3,989$3,160$2,235
21 years$7,270$5,811$4,605$3,621$2,828$1,958
22 years$6,867$5,425$4,244$3,292$2,535$1,718
23 years$6,499$5,074$3,919$2,998$2,276$1,509
24 years$6,162$4,754$3,624$2,734$2,045$1,326
25 years$5,852$4,461$3,357$2,497$1,841$1,167
26 years$5,567$4,193$3,113$2,283$1,658$1,028
27 years$5,304$3,946$2,891$2,090$1,495$906
28 years$5,059$3,718$2,687$1,915$1,349$799
29 years$4,832$3,508$2,501$1,756$1,218$705
30 years$4,621$3,313$2,329$1,612$1,100$622
31 years$4,423$3,131$2,172$1,480$995$549
32 years$4,238$2,963$2,026$1,360$900$485
33 years$4,065$2,806$1,892$1,251$814$429
34 years$3,903$2,659$1,768$1,151$737$379
35 years$3,750$2,522$1,653$1,059$668$335
36 years$3,605$2,394$1,546$976$605$296
37 years$3,469$2,274$1,447$899$548$262
38 years$3,341$2,161$1,355$829$497$232
39 years$3,219$2,055$1,270$764$451$205
40 years$3,103$1,955$1,190$705$409$181
41 years$2,994$1,861$1,116$650$371$161
42 years$2,890$1,772$1,047$600$337$142
43 years$2,791$1,689$982$554$306$126
44 years$2,697$1,610$922$511$277$111
45 years$2,607$1,535$866$472$252$99
46 years$2,522$1,464$813$436$229$87
47 years$2,440$1,397$764$403$208$77
48 years$2,362$1,334$718$372$189$68
49 years$2,288$1,274$675$344$171$61
50 years$2,216$1,217$634$318$156$54

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 $2,057 every year, while hoping to spend $26,853 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: 69/5/26 Blend
54$2,270,000$2,270,000$2,270,000$2,270,000
55$2,503,662$2,383,352$2,348,167$2,659,544
56$2,730,464$2,471,565$2,398,259$2,852,590
57$2,979,500$2,563,200$2,449,129$3,060,501
58$3,253,009$2,658,397$2,500,775$3,287,418
59$3,553,459$2,757,301$2,553,194$3,535,225
60$3,883,566$2,860,064$2,606,381$3,805,995
61$4,246,326$2,966,843$2,660,331$4,102,010
62$4,645,037$3,077,803$2,715,037$4,425,787
63$5,083,331$3,193,117$2,770,492$4,780,096
64$5,565,214$3,312,962$2,826,686$5,167,987
65$6,095,095$3,437,527$2,883,609$5,592,821
66$6,677,834$3,567,005$2,941,250$6,058,301
67$7,318,786$3,701,601$2,999,594$6,568,505
68$8,023,848$3,841,526$3,058,627$7,127,926
69$8,799,522$3,987,001$3,118,331$7,741,512
70$9,652,967$4,138,258$3,178,689$8,414,716
71$10,592,073$4,295,537$3,239,680$9,153,546
72$11,625,536$4,459,089$3,301,280$9,964,618
73$12,762,934$4,629,178$3,363,466$10,855,224
74$14,014,821$4,806,076$3,426,210$11,833,397
75$15,392,828$4,990,069$3,489,484$12,907,987
76$16,909,770$5,181,455$3,553,254$14,088,745
77$18,579,766$5,380,546$3,617,488$15,386,416
78$20,418,375$5,587,666$3,682,147$16,812,836
79$22,442,742$5,803,154$3,747,191$18,381,050
80$24,671,758$6,027,364$3,812,578$20,105,428
81$27,126,238$6,260,666$3,878,261$22,001,807
82$29,829,122$6,503,446$3,944,190$24,087,635
83$32,805,684$6,756,107$4,010,312$26,382,137
84$36,083,775$7,019,068$4,076,569$28,906,498
85$39,694,088$7,292,770$4,142,902$31,684,062
86$43,670,440$7,577,670$4,209,244$34,740,551
87$48,050,098$7,874,249$4,275,527$38,104,308
88$52,874,127$8,183,006$4,341,676$41,806,564
89$58,187,779$8,504,465$4,407,613$45,881,735
90$64,040,919$8,839,170$4,473,255$50,367,744
91$70,488,496$9,187,693$4,538,512$55,306,378
92$77,591,061$9,550,628$4,603,290$60,743,686
93$85,415,338$9,928,598$4,667,490$66,730,411
94$94,034,857$10,322,254$4,731,005$73,322,466
95$103,530,642$10,732,274$4,793,723$80,581,468
96$113,991,980$11,159,368$4,855,526$88,575,314
97$125,517,263$11,604,278$4,916,287$97,378,825
98$138,214,915$12,067,779$4,975,874$107,074,450
99$152,204,417$12,550,680$5,034,146$117,753,044
100$167,617,433$13,053,829$5,090,955$129,514,726