Can I retire at age 55 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$200,667$198,880$197,136$195,434$193,772$187,870
2 years$99,340$97,490$95,697$93,958$92,272$86,377
3 years$65,569$63,711$61,922$60,200$58,541$52,837
4 years$48,687$46,834$45,064$43,371$41,752$36,283
5 years$38,560$36,719$34,971$33,313$31,739$26,520
6 years$31,811$29,983$28,262$26,641$25,114$20,150
7 years$26,992$25,180$23,486$21,903$20,425$15,714
8 years$23,380$21,584$19,918$18,374$16,944$12,485
9 years$20,571$18,793$17,155$15,650$14,269$10,057
10 years$18,326$16,565$14,956$13,491$12,158$8,186
11 years$16,490$14,747$13,167$11,741$10,457$6,718
12 years$14,962$13,236$11,686$10,298$9,061$5,548
13 years$13,669$11,961$10,440$9,092$7,902$4,606
14 years$12,562$10,873$9,381$8,071$6,927$3,840
15 years$11,604$9,932$8,469$7,198$6,099$3,212
16 years$10,766$9,113$7,679$6,445$5,390$2,695
17 years$10,027$8,392$6,987$5,791$4,779$2,266
18 years$9,372$7,755$6,379$5,218$4,249$1,909
19 years$8,786$7,187$5,839$4,715$3,788$1,610
20 years$8,259$6,679$5,359$4,271$3,383$1,361
21 years$7,783$6,221$4,929$3,876$3,028$1,151
22 years$7,351$5,807$4,543$3,524$2,714$974
23 years$6,957$5,431$4,195$3,209$2,436$826
24 years$6,596$5,089$3,879$2,927$2,190$700
25 years$6,265$4,775$3,593$2,673$1,970$594
26 years$5,960$4,488$3,332$2,444$1,775$504
27 years$5,677$4,224$3,094$2,237$1,600$428
28 years$5,416$3,980$2,877$2,050$1,444$364
29 years$5,173$3,755$2,677$1,880$1,304$309
30 years$4,946$3,546$2,494$1,725$1,178$263
31 years$4,735$3,352$2,325$1,584$1,065$223
32 years$4,537$3,172$2,169$1,456$963$190
33 years$4,352$3,004$2,025$1,339$872$161
34 years$4,178$2,847$1,892$1,232$789$137
35 years$4,014$2,700$1,769$1,134$715$117
36 years$3,859$2,563$1,655$1,045$648$99
37 years$3,714$2,434$1,549$962$587$84
38 years$3,576$2,313$1,451$887$532$72
39 years$3,446$2,200$1,359$818$483$61
40 years$3,322$2,093$1,274$754$438$52
41 years$3,205$1,992$1,194$696$397$44
42 years$3,094$1,897$1,120$642$360$38
43 years$2,988$1,808$1,051$593$327$32
44 years$2,887$1,723$987$548$297$27
45 years$2,791$1,643$927$506$270$23
46 years$2,700$1,568$870$467$245$20
47 years$2,612$1,496$818$432$222$17
48 years$2,529$1,428$768$399$202$14
49 years$2,449$1,364$722$369$183$12
50 years$2,373$1,303$679$341$166$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,430,000, adding $5,103 every year, while hoping to spend $35,384 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: 50/35/15 Blend
54$2,430,000$2,430,000$2,430,000$2,430,000
55$2,683,124$2,554,334$2,516,669$2,805,986
56$2,919,154$2,641,848$2,563,329$2,978,543
57$3,178,074$2,732,464$2,610,366$3,161,856
58$3,462,180$2,826,297$2,657,756$3,360,286
59$3,774,003$2,923,467$2,705,471$3,575,265
60$4,116,330$3,024,096$2,753,484$3,808,372
61$4,492,232$3,128,313$2,801,762$4,061,340
62$4,905,092$3,236,252$2,850,273$4,336,077
63$5,358,634$3,348,052$2,898,980$4,634,682
64$5,856,965$3,463,856$2,947,846$4,959,463
65$6,404,605$3,583,815$2,996,829$5,312,960
66$7,006,537$3,708,084$3,045,885$5,697,970
67$7,668,249$3,836,825$3,094,967$6,117,567
68$8,395,787$3,970,206$3,144,025$6,575,139
69$9,195,813$4,108,403$3,193,006$7,074,412
70$10,075,668$4,251,596$3,241,853$7,619,487
71$11,043,437$4,399,975$3,290,506$8,214,882
72$12,108,030$4,553,736$3,338,900$8,865,566
73$13,279,263$4,713,083$3,386,968$9,577,015
74$14,567,953$4,878,230$3,434,637$10,355,253
75$15,986,017$5,049,395$3,481,830$11,206,918
76$17,546,585$5,226,811$3,528,466$12,139,315
77$19,264,127$5,410,714$3,574,459$13,160,492
78$21,154,583$5,601,354$3,619,718$14,279,310
79$23,235,519$5,798,989$3,664,148$15,505,527
80$25,526,291$6,003,888$3,707,645$16,849,891
81$28,048,224$6,216,331$3,750,104$18,324,239
82$30,824,820$6,436,608$3,791,409$19,941,610
83$33,881,973$6,665,023$3,831,442$21,716,364
84$37,248,215$6,901,890$3,870,077$23,664,320
85$40,954,988$7,147,538$3,907,179$25,802,900
86$45,036,937$7,402,307$3,942,610$28,151,298
87$49,532,237$7,666,553$3,976,220$30,730,657
88$54,482,957$7,940,645$4,007,854$33,564,267
89$59,935,450$8,224,968$4,037,349$36,677,786
90$65,940,797$8,519,923$4,064,532$40,099,481
91$72,555,286$8,825,927$4,089,221$43,860,490
92$79,840,941$9,143,413$4,111,226$47,995,119
93$87,866,111$9,472,834$4,130,346$52,541,164
94$96,706,112$9,814,661$4,146,370$57,540,264
95$106,443,939$10,169,384$4,159,077$63,038,295
96$117,171,050$10,537,512$4,168,235$69,085,802
97$128,988,226$10,919,579$4,173,600$75,738,473
98$142,006,523$11,316,137$4,174,914$83,057,665
99$156,348,325$11,727,764$4,171,910$91,110,980
100$172,148,490$12,155,060$4,164,305$99,972,903