Can I retire at age 55 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$198,190$196,424$194,702$193,021$191,379$186,149
2 years$98,114$96,286$94,516$92,799$91,133$85,902
3 years$64,759$62,924$61,158$59,457$57,819$52,750
4 years$48,086$46,256$44,507$42,835$41,237$36,370
5 years$38,084$36,265$34,539$32,902$31,347$26,696
6 years$31,418$29,613$27,913$26,312$24,804$20,372
7 years$26,659$24,869$23,196$21,632$20,172$15,960
8 years$23,091$21,318$19,672$18,147$16,735$12,740
9 years$20,318$18,561$16,943$15,457$14,093$10,312
10 years$18,100$16,360$14,772$13,324$12,008$8,436
11 years$16,287$14,565$13,005$11,596$10,327$6,959
12 years$14,777$13,072$11,541$10,171$8,950$5,778
13 years$13,500$11,814$10,311$8,980$7,804$4,823
14 years$12,407$10,738$9,265$7,971$6,841$4,043
15 years$11,460$9,810$8,365$7,109$6,023$3,401
16 years$10,633$9,000$7,584$6,365$5,324$2,869
17 years$9,904$8,289$6,901$5,719$4,720$2,427
18 years$9,256$7,659$6,300$5,154$4,197$2,056
19 years$8,677$7,099$5,767$4,657$3,741$1,746
20 years$8,157$6,596$5,293$4,218$3,341$1,484
21 years$7,687$6,144$4,868$3,828$2,990$1,263
22 years$7,260$5,735$4,487$3,481$2,680$1,076
23 years$6,871$5,364$4,143$3,170$2,406$917
24 years$6,515$5,026$3,832$2,891$2,163$783
25 years$6,188$4,717$3,549$2,640$1,946$668
26 years$5,886$4,433$3,291$2,414$1,753$571
27 years$5,607$4,172$3,056$2,210$1,580$488
28 years$5,349$3,931$2,841$2,025$1,426$417
29 years$5,109$3,708$2,644$1,857$1,288$357
30 years$4,885$3,502$2,463$1,704$1,163$305
31 years$4,677$3,311$2,296$1,565$1,052$261
32 years$4,481$3,133$2,142$1,438$951$224
33 years$4,298$2,967$2,000$1,323$861$191
34 years$4,126$2,812$1,869$1,217$780$164
35 years$3,964$2,667$1,747$1,120$706$140
36 years$3,812$2,531$1,634$1,032$640$120
37 years$3,668$2,404$1,530$951$580$103
38 years$3,532$2,285$1,433$876$526$88
39 years$3,403$2,173$1,342$808$477$75
40 years$3,281$2,067$1,258$745$432$65
41 years$3,165$1,968$1,180$687$392$55
42 years$3,056$1,874$1,107$634$356$47
43 years$2,951$1,785$1,038$586$323$41
44 years$2,852$1,702$975$541$293$35
45 years$2,757$1,623$915$499$266$30
46 years$2,666$1,548$860$461$242$26
47 years$2,580$1,477$808$426$219$22
48 years$2,498$1,410$759$394$199$19
49 years$2,419$1,347$713$364$181$16
50 years$2,343$1,287$671$336$164$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,400,000, adding $4,711 every year, while hoping to spend $56,725 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: 84/5/11 Blend
54$2,400,000$2,400,000$2,400,000$2,400,000
55$2,649,659$2,522,459$2,485,259$2,867,130
56$2,859,570$2,585,705$2,508,161$3,073,348
57$3,088,990$2,650,148$2,529,928$3,291,747
58$3,339,849$2,715,788$2,550,463$3,529,920
59$3,614,274$2,782,622$2,569,664$3,789,824
60$3,914,603$2,850,644$2,587,421$4,073,611
61$4,243,414$2,919,846$2,603,621$4,383,653
62$4,603,543$2,990,220$2,618,143$4,722,563
63$4,998,116$3,061,752$2,630,862$5,093,219
64$5,430,572$3,134,426$2,641,644$5,498,790
65$5,904,703$3,208,226$2,650,352$5,942,768
66$6,424,682$3,283,128$2,656,837$6,428,998
67$6,995,106$3,359,107$2,660,948$6,961,719
68$7,621,039$3,436,136$2,662,522$7,545,597
69$8,308,059$3,514,181$2,661,390$8,185,776
70$9,062,309$3,593,204$2,657,376$8,887,920
71$9,890,558$3,673,165$2,650,292$9,658,272
72$10,800,262$3,754,016$2,639,943$10,503,708
73$11,799,632$3,835,707$2,626,125$11,431,806
74$12,897,718$3,918,179$2,608,623$12,450,913
75$14,104,485$4,001,370$2,587,211$13,570,228
76$15,430,915$4,085,210$2,561,656$14,799,885
77$16,889,106$4,169,623$2,531,709$16,151,051
78$18,492,386$4,254,526$2,497,113$17,636,030
79$20,255,440$4,339,828$2,457,596$19,268,380
80$22,194,445$4,425,429$2,412,875$21,063,040
81$24,327,226$4,511,223$2,362,655$23,036,471
82$26,673,423$4,597,093$2,306,624$25,206,812
83$29,254,674$4,682,912$2,244,457$27,594,049
84$32,094,820$4,768,544$2,175,816$30,220,206
85$35,220,130$4,853,842$2,100,344$33,109,553
86$38,659,549$4,938,645$2,017,671$36,288,833
87$42,444,967$5,022,784$1,927,408$39,787,513
88$46,611,526$5,106,072$1,829,148$43,638,068
89$51,197,945$5,188,313$1,722,468$47,876,280
90$56,246,888$5,269,293$1,606,923$52,541,583
91$61,805,366$5,348,784$1,482,050$57,677,429
92$67,925,179$5,426,540$1,347,365$63,331,702
93$74,663,407$5,502,300$1,202,361$69,557,166
94$82,082,944$5,575,783$1,046,510$76,411,970
95$90,253,097$5,646,688$879,260$83,960,189
96$99,250,232$5,714,695$700,035$92,272,434
97$109,158,501$5,779,461$508,232$101,426,516
98$120,070,634$5,840,620$303,223$111,508,183
99$132,088,810$5,897,782$84,352$122,611,926
100$145,325,625$5,950,530$0$134,841,874