Can I retire at age 55 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$194,061$192,332$190,646$189,000$187,392$182,862
2 years$96,070$94,280$92,546$90,865$89,234$84,698
3 years$63,410$61,613$59,884$58,218$56,614$52,212
4 years$47,084$45,292$43,580$41,943$40,378$36,145
5 years$37,290$35,510$33,820$32,216$30,694$26,643
6 years$30,764$28,996$27,331$25,764$24,287$20,420
7 years$26,103$24,351$22,713$21,182$19,752$16,071
8 years$22,610$20,873$19,262$17,769$16,386$12,889
9 years$19,894$18,174$16,590$15,135$13,800$10,483
10 years$17,723$16,020$14,464$13,047$11,758$8,619
11 years$15,948$14,261$12,734$11,354$10,112$7,146
12 years$14,469$12,800$11,301$9,959$8,763$5,964
13 years$13,219$11,568$10,097$8,793$7,642$5,005
14 years$12,149$10,515$9,072$7,805$6,699$4,219
15 years$11,222$9,605$8,191$6,961$5,898$3,569
16 years$10,411$8,813$7,426$6,233$5,213$3,028
17 years$9,697$8,116$6,757$5,600$4,622$2,576
18 years$9,063$7,500$6,169$5,047$4,110$2,196
19 years$8,496$6,951$5,647$4,560$3,663$1,875
20 years$7,987$6,459$5,183$4,130$3,272$1,604
21 years$7,527$6,016$4,767$3,748$2,928$1,373
22 years$7,109$5,616$4,394$3,408$2,624$1,177
23 years$6,728$5,252$4,057$3,104$2,356$1,010
24 years$6,379$4,921$3,752$2,831$2,117$868
25 years$6,059$4,618$3,475$2,585$1,905$745
26 years$5,763$4,340$3,223$2,364$1,716$641
27 years$5,491$4,085$2,993$2,164$1,547$551
28 years$5,238$3,849$2,782$1,982$1,396$474
29 years$5,003$3,631$2,589$1,818$1,261$408
30 years$4,784$3,429$2,411$1,668$1,139$352
31 years$4,579$3,242$2,248$1,532$1,030$303
32 years$4,388$3,067$2,098$1,408$932$261
33 years$4,209$2,905$1,958$1,295$843$225
34 years$4,040$2,753$1,830$1,191$763$194
35 years$3,882$2,611$1,711$1,097$691$167
36 years$3,732$2,479$1,600$1,010$626$144
37 years$3,591$2,354$1,498$931$568$124
38 years$3,458$2,237$1,403$858$515$107
39 years$3,332$2,127$1,314$791$467$92
40 years$3,213$2,024$1,232$730$423$80
41 years$3,100$1,927$1,155$673$384$69
42 years$2,992$1,835$1,084$621$349$59
43 years$2,890$1,748$1,017$573$316$51
44 years$2,792$1,666$954$529$287$44
45 years$2,699$1,589$896$489$261$38
46 years$2,611$1,516$842$452$237$33
47 years$2,526$1,447$791$417$215$28
48 years$2,446$1,381$743$386$195$24
49 years$2,368$1,319$698$356$177$21
50 years$2,294$1,260$657$329$161$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,350,000, adding $6,397 every year, while hoping to spend $30,372 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: 47/34/19 Blend
54$2,350,000$2,350,000$2,350,000$2,350,000
55$2,596,299$2,471,749$2,435,324$2,704,045
56$2,828,805$2,560,549$2,484,591$2,868,577
57$3,084,010$2,652,682$2,534,492$3,043,489
58$3,364,196$2,748,280$2,585,014$3,232,699
59$3,671,877$2,847,479$2,636,145$3,437,557
60$4,009,825$2,950,422$2,687,872$3,659,546
61$4,381,090$3,057,256$2,740,179$3,900,296
62$4,789,037$3,168,137$2,793,051$4,161,601
63$5,237,368$3,283,225$2,846,467$4,445,433
64$5,730,163$3,402,687$2,900,408$4,753,961
65$6,271,920$3,526,698$2,954,851$5,089,571
66$6,867,589$3,655,440$3,009,772$5,454,890
67$7,522,629$3,789,103$3,065,146$5,852,805
68$8,243,051$3,927,883$3,120,942$6,286,496
69$9,035,480$4,071,986$3,177,131$6,759,460
70$9,907,213$4,221,627$3,233,678$7,275,549
71$10,866,290$4,377,029$3,290,549$7,838,998
72$11,921,573$4,538,425$3,347,704$8,454,473
73$13,082,823$4,706,057$3,405,101$9,127,108
74$14,360,796$4,880,179$3,462,697$9,862,556
75$15,767,343$5,061,053$3,520,443$10,667,039
76$17,315,523$5,248,956$3,578,289$11,547,409
77$19,019,724$5,444,173$3,636,179$12,511,211
78$20,895,802$5,647,003$3,694,057$13,566,752
79$22,961,225$5,857,757$3,751,859$14,723,179
80$25,235,244$6,076,762$3,809,521$15,990,564
81$27,739,071$6,304,354$3,866,971$17,380,003
82$30,496,077$6,540,889$3,924,136$18,903,711
83$33,532,018$6,786,734$3,980,936$20,575,144
84$36,875,273$7,042,273$4,037,286$22,409,123
85$40,557,115$7,307,908$4,093,099$24,421,969
86$44,612,002$7,584,057$4,148,279$26,631,661
87$49,077,906$7,871,156$4,202,727$29,058,004
88$53,996,670$8,169,660$4,256,336$31,722,809
89$59,414,403$8,480,045$4,308,995$34,650,106
90$65,381,911$8,802,807$4,360,585$37,866,365
91$71,955,182$9,138,461$4,410,982$41,400,743
92$79,195,914$9,487,549$4,460,053$45,285,363
93$87,172,091$9,850,632$4,507,658$49,555,610
94$95,958,632$10,228,300$4,553,652$54,250,469
95$105,638,091$10,621,166$4,597,879$59,412,888
96$116,301,443$11,029,871$4,640,175$65,090,180
97$128,048,938$11,455,082$4,680,368$71,334,476
98$140,991,047$11,897,498$4,718,277$78,203,205
99$155,249,506$12,357,847$4,753,712$85,759,644
100$170,958,465$12,836,891$4,786,471$94,073,505