Can I retire at age 55 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$192,409$190,695$189,023$187,391$185,797$180,574
2 years$95,252$93,478$91,759$90,092$88,475$83,252
3 years$62,871$61,089$59,374$57,723$56,132$51,074
4 years$46,683$44,907$43,209$41,586$40,034$35,179
5 years$36,973$35,208$33,532$31,942$30,433$25,794
6 years$30,502$28,750$27,099$25,544$24,081$19,663
7 years$25,881$24,144$22,519$21,001$19,584$15,387
8 years$22,418$20,696$19,098$17,618$16,247$12,268
9 years$19,725$18,019$16,449$15,006$13,682$9,918
10 years$17,572$15,883$14,341$12,936$11,658$8,104
11 years$15,812$14,140$12,625$11,258$10,026$6,676
12 years$14,346$12,691$11,205$9,875$8,689$5,536
13 years$13,107$11,469$10,011$8,718$7,577$4,614
14 years$12,045$10,425$8,995$7,739$6,642$3,863
15 years$11,126$9,524$8,121$6,902$5,848$3,245
16 years$10,323$8,738$7,363$6,180$5,168$2,734
17 years$9,615$8,047$6,700$5,552$4,583$2,309
18 years$8,986$7,436$6,116$5,004$4,075$1,954
19 years$8,424$6,891$5,599$4,521$3,632$1,656
20 years$7,919$6,404$5,139$4,095$3,244$1,405
21 years$7,463$5,965$4,726$3,716$2,903$1,194
22 years$7,048$5,568$4,356$3,379$2,602$1,016
23 years$6,670$5,208$4,022$3,077$2,336$865
24 years$6,325$4,879$3,720$2,807$2,099$737
25 years$6,007$4,579$3,445$2,563$1,889$628
26 years$5,714$4,303$3,195$2,344$1,702$536
27 years$5,444$4,050$2,967$2,145$1,534$457
28 years$5,193$3,816$2,758$1,966$1,384$390
29 years$4,960$3,600$2,567$1,802$1,250$333
30 years$4,743$3,400$2,391$1,654$1,130$285
31 years$4,540$3,214$2,229$1,519$1,021$243
32 years$4,350$3,041$2,080$1,396$924$208
33 years$4,173$2,880$1,942$1,284$836$177
34 years$4,006$2,730$1,814$1,181$757$152
35 years$3,849$2,589$1,696$1,087$686$130
36 years$3,701$2,457$1,587$1,002$621$111
37 years$3,561$2,334$1,485$923$563$95
38 years$3,429$2,218$1,391$851$510$81
39 years$3,304$2,109$1,303$784$463$69
40 years$3,185$2,007$1,221$723$420$59
41 years$3,073$1,910$1,145$667$381$51
42 years$2,966$1,819$1,074$616$346$43
43 years$2,865$1,733$1,008$569$314$37
44 years$2,768$1,652$946$525$285$32
45 years$2,676$1,576$889$485$258$27
46 years$2,589$1,503$835$448$235$23
47 years$2,505$1,434$784$414$213$20
48 years$2,425$1,369$737$382$194$17
49 years$2,348$1,308$692$353$176$15
50 years$2,275$1,249$651$327$160$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,330,000, adding $6,134 every year, while hoping to spend $39,932 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: 64/28/8 Blend
54$2,330,000$2,330,000$2,330,000$2,330,000
55$2,573,987$2,450,497$2,414,382$2,734,246
56$2,794,047$2,528,084$2,452,777$2,919,400
57$3,035,214$2,608,135$2,491,119$3,116,282
58$3,299,599$2,690,727$2,529,365$3,330,282
59$3,589,528$2,775,943$2,567,469$3,563,059
60$3,907,561$2,863,865$2,605,380$3,816,440
61$4,256,518$2,954,580$2,643,046$4,092,436
62$4,639,506$3,048,177$2,680,411$4,393,258
63$5,059,946$3,144,749$2,717,416$4,721,342
64$5,521,609$3,244,390$2,753,997$5,079,371
65$6,028,646$3,347,198$2,790,089$5,470,295
66$6,585,631$3,453,274$2,825,621$5,897,364
67$7,197,604$3,562,723$2,860,517$6,364,158
68$7,870,116$3,675,652$2,894,701$6,874,617
69$8,609,282$3,792,173$2,928,088$7,433,080
70$9,421,840$3,912,401$2,960,590$8,044,325
71$10,315,213$4,036,454$2,992,115$8,713,615
72$11,297,579$4,164,455$3,022,565$9,446,746
73$12,377,948$4,296,529$3,051,837$10,250,101
74$13,566,247$4,432,807$3,079,822$11,130,712
75$14,873,414$4,573,424$3,106,405$12,096,321
76$16,311,499$4,718,519$3,131,467$13,155,460
77$17,893,780$4,868,235$3,154,879$14,317,525
78$19,634,887$5,022,719$3,176,509$15,592,866
79$21,550,939$5,182,126$3,196,215$16,992,886
80$23,659,697$5,346,613$3,213,851$18,530,145
81$25,980,731$5,516,341$3,229,260$20,218,480
82$28,535,605$5,691,481$3,242,279$22,073,137
83$31,348,078$5,872,205$3,252,736$24,110,910
84$34,444,331$6,058,692$3,260,452$26,350,301
85$37,853,212$6,251,128$3,265,237$28,811,696
86$41,606,510$6,449,703$3,266,893$31,517,552
87$45,739,251$6,654,615$3,265,210$34,492,617
88$50,290,031$6,866,068$3,259,971$37,764,151
89$55,301,379$7,084,271$3,250,946$41,362,194
90$60,820,161$7,309,441$3,237,893$45,319,843
91$66,898,017$7,541,803$3,220,562$49,673,563
92$73,591,851$7,781,588$3,198,688$54,463,535
93$80,964,369$8,029,035$3,171,993$59,734,032
94$89,084,668$8,284,391$3,140,188$65,533,834
95$98,028,887$8,547,909$3,102,968$71,916,692
96$107,880,932$8,819,855$3,060,015$78,941,832
97$118,733,257$9,100,498$3,010,995$86,674,516
98$130,687,746$9,390,119$2,955,561$95,186,652
99$143,856,670$9,689,008$2,893,345$104,557,478
100$158,363,745$9,997,465$2,823,967$114,874,307