Can I retire at age 55 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$197,364$195,606$193,891$192,217$190,582$184,555
2 years$97,705$95,885$94,122$92,412$90,753$84,736
3 years$64,490$62,662$60,903$59,209$57,578$51,759
4 years$47,885$46,063$44,322$42,657$41,065$35,489
5 years$37,925$36,114$34,396$32,765$31,217$25,899
6 years$31,287$29,490$27,797$26,202$24,701$19,645
7 years$26,548$24,766$23,099$21,542$20,088$15,295
8 years$22,995$21,229$19,590$18,071$16,665$12,130
9 years$20,233$18,483$16,873$15,393$14,035$9,753
10 years$18,025$16,292$14,710$13,269$11,958$7,924
11 years$16,219$14,504$12,951$11,548$10,284$6,490
12 years$14,715$13,018$11,493$10,129$8,912$5,350
13 years$13,444$11,764$10,268$8,942$7,772$4,432
14 years$12,355$10,694$9,226$7,938$6,813$3,687
15 years$11,413$9,769$8,330$7,079$5,998$3,078
16 years$10,589$8,963$7,552$6,339$5,301$2,576
17 years$9,862$8,254$6,872$5,695$4,701$2,161
18 years$9,217$7,627$6,274$5,133$4,180$1,817
19 years$8,641$7,069$5,743$4,638$3,725$1,529
20 years$8,123$6,569$5,271$4,200$3,327$1,289
21 years$7,655$6,119$4,848$3,812$2,978$1,088
22 years$7,230$5,711$4,468$3,466$2,669$919
23 years$6,842$5,342$4,126$3,157$2,396$777
24 years$6,488$5,005$3,816$2,879$2,154$657
25 years$6,162$4,697$3,534$2,629$1,938$556
26 years$5,862$4,414$3,278$2,404$1,746$471
27 years$5,584$4,154$3,044$2,201$1,574$399
28 years$5,327$3,915$2,829$2,016$1,420$338
29 years$5,088$3,693$2,633$1,849$1,282$286
30 years$4,865$3,488$2,453$1,697$1,159$243
31 years$4,657$3,297$2,286$1,558$1,047$206
32 years$4,463$3,120$2,133$1,432$948$175
33 years$4,280$2,954$1,992$1,317$858$148
34 years$4,109$2,800$1,861$1,212$776$126
35 years$3,948$2,656$1,740$1,115$703$107
36 years$3,796$2,521$1,628$1,027$637$90
37 years$3,653$2,394$1,523$947$577$77
38 years$3,517$2,275$1,427$872$524$65
39 years$3,389$2,164$1,337$804$475$55
40 years$3,268$2,058$1,253$742$431$47
41 years$3,152$1,959$1,175$685$391$40
42 years$3,043$1,866$1,102$632$354$34
43 years$2,939$1,778$1,034$583$322$29
44 years$2,840$1,695$971$538$292$24
45 years$2,745$1,616$911$497$265$21
46 years$2,655$1,542$856$459$241$18
47 years$2,569$1,471$804$424$219$15
48 years$2,487$1,405$756$392$198$13
49 years$2,409$1,341$710$362$180$11
50 years$2,333$1,281$668$335$164$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,390,000, adding $4,955 every year, while hoping to spend $40,917 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: 55/18/27 Blend
54$2,390,000$2,390,000$2,390,000$2,390,000
55$2,638,891$2,512,221$2,475,176$2,764,097
56$2,864,523$2,591,785$2,514,559$2,930,463
57$3,111,797$2,673,875$2,553,890$3,106,913
58$3,382,879$2,758,574$2,593,124$3,298,261
59$3,680,152$2,845,964$2,632,213$3,505,955
60$4,006,242$2,936,130$2,671,107$3,731,588
61$4,364,041$3,029,163$2,709,751$3,976,915
62$4,756,734$3,125,152$2,748,088$4,243,867
63$5,187,830$3,224,193$2,786,058$4,534,572
64$5,661,193$3,326,384$2,823,596$4,851,374
65$6,181,082$3,431,824$2,860,634$5,196,853
66$6,752,187$3,540,618$2,897,099$5,573,852
67$7,379,675$3,652,872$2,932,917$5,985,501
68$8,069,237$3,768,699$2,968,005$6,435,249
69$8,827,145$3,888,211$3,002,279$6,926,895
70$9,660,307$4,011,527$3,035,649$7,464,622
71$10,576,335$4,138,768$3,068,019$8,053,042
72$11,583,614$4,270,060$3,099,291$8,697,232
73$12,691,383$4,405,533$3,129,357$9,402,787
74$13,909,821$4,545,321$3,158,108$10,175,872
75$15,250,143$4,689,562$3,185,425$11,023,276
76$16,724,705$4,838,399$3,211,184$11,952,483
77$18,347,123$4,991,979$3,235,257$12,971,735
78$20,132,398$5,150,454$3,257,506$14,090,117
79$22,097,057$5,313,981$3,277,787$15,317,634
80$24,259,313$5,482,722$3,295,949$16,665,314
81$26,639,232$5,656,844$3,311,833$18,145,306
82$29,258,925$5,836,521$3,325,271$19,770,999
83$32,142,756$6,021,931$3,336,087$21,557,143
84$35,317,569$6,213,257$3,344,098$23,519,993
85$38,812,944$6,410,690$3,349,109$25,677,460
86$42,661,477$6,614,427$3,350,917$28,049,279
87$46,899,083$6,824,669$3,349,308$30,657,198
88$51,565,339$7,041,627$3,344,058$33,525,182
89$56,703,852$7,265,516$3,334,933$36,679,637
90$62,362,678$7,496,559$3,321,686$40,149,662
91$68,594,767$7,734,986$3,304,059$43,967,324
92$75,458,469$7,981,036$3,281,781$48,167,957
93$83,018,081$8,234,955$3,254,568$52,790,498
94$91,344,452$8,496,995$3,222,123$57,877,857
95$100,515,657$8,767,418$3,184,135$63,477,314
96$110,617,728$9,046,496$3,140,278$69,640,977
97$121,745,469$9,334,506$3,090,210$76,426,262
98$134,003,348$9,631,739$3,033,573$83,896,444
99$147,506,486$9,938,490$2,969,994$92,121,248
100$162,381,740$10,255,069$2,899,082$101,177,513