Can I retire at age 55 with 2,440,000?

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 $2,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$201,493$199,698$197,947$196,238$194,569$192,697
2 years$99,749$97,891$96,091$94,345$92,652$90,767
3 years$65,839$63,973$62,177$60,448$58,782$56,942
4 years$48,887$47,027$45,249$43,549$41,924$40,142
5 years$38,719$36,870$35,115$33,450$31,870$30,152
6 years$31,942$30,107$28,378$26,750$25,218$23,566
7 years$27,103$25,284$23,582$21,993$20,509$18,924
8 years$23,476$21,673$20,000$18,449$17,014$15,496
9 years$20,656$18,870$17,226$15,715$14,328$12,877
10 years$18,402$16,633$15,018$13,546$12,208$10,822
11 years$16,558$14,807$13,221$11,789$10,500$9,178
12 years$15,023$13,290$11,734$10,341$9,099$7,840
13 years$13,725$12,011$10,483$9,129$7,934$6,737
14 years$12,614$10,917$9,419$8,104$6,955$5,818
15 years$11,651$9,973$8,504$7,227$6,124$5,045
16 years$10,810$9,150$7,710$6,471$5,412$4,390
17 years$10,069$8,427$7,016$5,814$4,799$3,832
18 years$9,410$7,787$6,405$5,240$4,267$3,353
19 years$8,822$7,217$5,863$4,735$3,803$2,940
20 years$8,293$6,706$5,381$4,288$3,397$2,583
21 years$7,815$6,247$4,950$3,892$3,040$2,273
22 years$7,381$5,831$4,562$3,539$2,725$2,003
23 years$6,985$5,454$4,212$3,223$2,446$1,767
24 years$6,623$5,110$3,895$2,939$2,199$1,561
25 years$6,291$4,795$3,608$2,684$1,978$1,380
26 years$5,984$4,507$3,346$2,454$1,782$1,221
27 years$5,701$4,241$3,107$2,247$1,607$1,081
28 years$5,438$3,997$2,889$2,058$1,450$958
29 years$5,194$3,770$2,688$1,888$1,309$849
30 years$4,967$3,561$2,504$1,732$1,183$753
31 years$4,754$3,366$2,334$1,591$1,069$668
32 years$4,556$3,185$2,178$1,462$967$593
33 years$4,370$3,016$2,033$1,345$875$527
34 years$4,195$2,859$1,900$1,237$793$468
35 years$4,030$2,711$1,776$1,139$718$416
36 years$3,875$2,573$1,662$1,049$650$370
37 years$3,729$2,444$1,555$966$590$329
38 years$3,591$2,323$1,457$891$534$292
39 years$3,460$2,209$1,365$821$485$260
40 years$3,336$2,102$1,279$758$440$231
41 years$3,218$2,000$1,199$699$399$206
42 years$3,106$1,905$1,125$645$362$183
43 years$3,000$1,815$1,056$595$328$163
44 years$2,899$1,730$991$550$298$145
45 years$2,803$1,650$930$508$271$129
46 years$2,711$1,574$874$469$246$115
47 years$2,623$1,502$821$433$223$102
48 years$2,539$1,434$772$400$203$91
49 years$2,459$1,369$725$370$184$81
50 years$2,382$1,308$682$342$167$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,440,000, adding $3,846 every year, while hoping to spend $52,863 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: 67/25/8 Blend
54$2,440,000$2,440,000$2,440,000$2,440,000
55$2,692,847$2,563,527$2,525,707$2,869,017
56$2,911,272$2,632,894$2,554,073$3,055,839
57$3,150,204$2,703,888$2,581,616$3,253,295
58$3,411,680$2,776,534$2,608,255$3,467,759
59$3,697,941$2,850,854$2,633,902$3,700,885
60$4,011,456$2,926,871$2,658,463$3,954,494
61$4,354,944$3,004,607$2,681,841$4,230,591
62$4,731,399$3,084,083$2,703,933$4,531,384
63$5,144,118$3,165,320$2,724,631$4,859,305
64$5,596,733$3,248,336$2,743,821$5,217,029
65$6,093,244$3,333,149$2,761,384$5,607,507
66$6,638,057$3,419,775$2,777,192$6,033,984
67$7,236,025$3,508,230$2,791,115$6,500,038
68$7,892,494$3,598,528$2,803,011$7,009,606
69$8,613,352$3,690,679$2,812,736$7,567,030
70$9,405,086$3,784,695$2,820,134$8,177,086
71$10,274,842$3,880,582$2,825,046$8,845,042
72$11,230,492$3,978,346$2,827,301$9,576,696
73$12,280,707$4,077,990$2,826,721$10,378,439
74$13,435,043$4,179,516$2,823,120$11,257,309
75$14,704,025$4,282,920$2,816,302$12,221,061
76$16,099,250$4,388,196$2,806,062$13,278,239
77$17,633,492$4,495,337$2,792,184$14,438,256
78$19,320,830$4,604,330$2,774,443$15,711,484
79$21,176,770$4,715,158$2,752,603$17,109,350
80$23,218,400$4,827,800$2,726,415$18,644,443
81$25,464,547$4,942,233$2,695,620$20,330,638
82$27,935,955$5,058,425$2,659,947$22,183,219
83$30,655,477$5,176,343$2,619,110$24,219,029
84$33,648,297$5,295,946$2,572,812$26,456,627
85$36,942,163$5,417,187$2,520,741$28,916,462
86$40,567,648$5,540,013$2,462,570$31,621,067
87$44,558,440$5,664,366$2,397,958$34,595,272
88$48,951,659$5,790,178$2,326,547$37,866,437
89$53,788,207$5,917,375$2,247,965$41,464,711
90$59,113,151$6,045,874$2,161,819$45,423,318
91$64,976,155$6,175,584$2,067,702$49,778,866
92$71,431,939$6,306,403$1,965,186$54,571,698
93$78,540,801$6,438,222$1,853,825$59,846,268
94$86,369,186$6,570,918$1,733,151$65,651,565
95$94,990,309$6,704,359$1,602,677$72,041,571
96$104,484,847$6,838,399$1,461,894$79,075,775
97$114,941,703$6,972,882$1,310,269$86,819,732
98$126,458,838$7,107,635$1,147,245$95,345,680
99$139,144,204$7,242,473$972,242$104,733,228
100$153,116,754$7,377,195$784,653$115,070,101