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%13.1%
1 years$187,454$185,785$184,156$182,566$181,013$178,677
2 years$92,799$91,071$89,396$87,772$86,197$83,847
3 years$61,252$59,516$57,845$56,236$54,687$52,395
4 years$45,481$43,750$42,096$40,515$39,003$36,788
5 years$36,021$34,301$32,669$31,119$29,649$27,518
6 years$29,716$28,009$26,401$24,887$23,461$21,414
7 years$25,215$23,522$21,939$20,461$19,080$17,120
8 years$21,840$20,163$18,606$17,164$15,829$13,955
9 years$19,217$17,555$16,026$14,620$13,330$11,541
10 years$17,120$15,474$13,972$12,602$11,358$9,653
11 years$15,405$13,776$12,300$10,968$9,768$8,146
12 years$13,977$12,364$10,916$9,620$8,465$6,923
13 years$12,769$11,174$9,753$8,493$7,381$5,919
14 years$11,735$10,157$8,763$7,539$6,471$5,084
15 years$10,840$9,278$7,912$6,724$5,697$4,385
16 years$10,057$8,513$7,173$6,020$5,035$3,795
17 years$9,367$7,840$6,527$5,409$4,465$3,293
18 years$8,755$7,244$5,959$4,875$3,970$2,865
19 years$8,207$6,714$5,455$4,405$3,538$2,498
20 years$7,715$6,239$5,006$3,989$3,160$2,182
21 years$7,270$5,811$4,605$3,621$2,828$1,908
22 years$6,867$5,425$4,244$3,292$2,535$1,672
23 years$6,499$5,074$3,919$2,998$2,276$1,466
24 years$6,162$4,754$3,624$2,734$2,045$1,287
25 years$5,852$4,461$3,357$2,497$1,841$1,130
26 years$5,567$4,193$3,113$2,283$1,658$994
27 years$5,304$3,946$2,891$2,090$1,495$875
28 years$5,059$3,718$2,687$1,915$1,349$770
29 years$4,832$3,508$2,501$1,756$1,218$678
30 years$4,621$3,313$2,329$1,612$1,100$598
31 years$4,423$3,131$2,172$1,480$995$527
32 years$4,238$2,963$2,026$1,360$900$465
33 years$4,065$2,806$1,892$1,251$814$410
34 years$3,903$2,659$1,768$1,151$737$362
35 years$3,750$2,522$1,653$1,059$668$319
36 years$3,605$2,394$1,546$976$605$282
37 years$3,469$2,274$1,447$899$548$249
38 years$3,341$2,161$1,355$829$497$220
39 years$3,219$2,055$1,270$764$451$194
40 years$3,103$1,955$1,190$705$409$171
41 years$2,994$1,861$1,116$650$371$151
42 years$2,890$1,772$1,047$600$337$134
43 years$2,791$1,689$982$554$306$118
44 years$2,697$1,610$922$511$277$104
45 years$2,607$1,535$866$472$252$92
46 years$2,522$1,464$813$436$229$82
47 years$2,440$1,397$764$403$208$72
48 years$2,362$1,334$718$372$189$64
49 years$2,288$1,274$675$344$171$56
50 years$2,216$1,217$634$318$156$50

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 $6,181 every year, while hoping to spend $54,179 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: 60/15/25 Blend
54$2,270,000$2,270,000$2,270,000$2,270,000
55$2,507,916$2,387,606$2,352,421$2,641,240
56$2,706,077$2,446,952$2,373,581$2,791,994
57$2,922,635$2,507,391$2,393,634$2,950,014
58$3,159,409$2,568,918$2,412,486$3,121,265
59$3,418,402$2,631,528$2,430,037$3,307,046
60$3,701,819$2,695,213$2,446,183$3,508,787
61$4,012,089$2,759,963$2,460,815$3,728,064
62$4,351,886$2,825,765$2,473,816$3,966,615
63$4,724,155$2,892,605$2,485,066$4,226,351
64$5,132,139$2,960,463$2,494,436$4,509,382
65$5,579,411$3,029,319$2,501,793$4,818,033
66$6,069,903$3,099,149$2,506,996$5,154,863
67$6,607,950$3,169,924$2,509,897$5,522,696
68$7,198,324$3,241,612$2,510,341$5,924,643
69$7,846,281$3,314,180$2,508,166$6,364,131
70$8,557,612$3,387,585$2,503,200$6,844,939
71$9,338,696$3,461,784$2,495,264$7,371,233
72$10,196,559$3,536,727$2,484,172$7,947,600
73$11,138,941$3,612,360$2,469,725$8,579,101
74$12,174,370$3,688,623$2,451,717$9,271,310
75$13,312,239$3,765,449$2,429,933$10,030,374
76$14,562,898$3,842,766$2,404,146$10,863,064
77$15,937,747$3,920,495$2,374,119$11,776,846
78$17,449,348$3,998,550$2,339,602$12,779,948
79$19,111,539$4,076,837$2,300,337$13,881,439
80$20,939,569$4,155,254$2,256,051$15,091,314
81$22,950,235$4,233,692$2,206,458$16,420,589
82$25,162,046$4,312,030$2,151,262$17,881,407
83$27,595,395$4,390,139$2,090,149$19,487,151
84$30,272,750$4,467,881$2,022,794$21,252,570
85$33,218,868$4,545,105$1,948,856$23,193,924
86$36,461,027$4,621,649$1,867,976$25,329,129
87$40,029,281$4,697,339$1,779,783$27,677,936
88$43,956,748$4,771,989$1,683,886$30,262,112
89$48,279,918$4,845,398$1,579,878$33,105,646
90$53,038,998$4,917,351$1,467,332$36,234,982
91$58,278,292$4,987,618$1,345,804$39,679,260
92$64,046,617$5,055,951$1,214,828$43,470,602
93$70,397,766$5,122,086$1,073,919$47,644,407
94$77,391,011$5,185,741$922,568$52,239,692
95$85,091,667$5,246,615$760,246$57,299,457
96$93,571,702$5,304,384$586,400$62,871,098
97$102,910,423$5,358,706$400,452$69,006,846
98$113,195,217$5,409,214$201,798$75,764,270
99$124,522,380$5,455,516$0$83,206,817
100$136,998,023$5,497,197$0$91,407,134