Can I retire at age 55 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$203,145$201,335$199,570$197,846$196,164$193,392
2 years$100,567$98,694$96,878$95,118$93,411$90,624
3 years$66,378$64,497$62,687$60,943$59,264$56,548
4 years$49,288$47,412$45,620$43,906$42,268$39,644
5 years$39,036$37,172$35,403$33,724$32,131$29,607
6 years$32,204$30,354$28,611$26,970$25,424$23,003
7 years$27,325$25,491$23,776$22,173$20,677$18,359
8 years$23,668$21,850$20,164$18,600$17,153$14,939
9 years$20,825$19,025$17,367$15,843$14,446$12,334
10 years$18,552$16,769$15,141$13,657$12,308$10,297
11 years$16,694$14,929$13,330$11,886$10,586$8,673
12 years$15,146$13,399$11,830$10,426$9,173$7,357
13 years$13,838$12,109$10,569$9,204$7,999$6,277
14 years$12,717$11,007$9,496$8,170$7,012$5,382
15 years$11,747$10,055$8,574$7,287$6,174$4,632
16 years$10,899$9,225$7,774$6,524$5,457$4,000
17 years$10,151$8,496$7,074$5,862$4,838$3,464
18 years$9,487$7,851$6,457$5,283$4,302$3,007
19 years$8,894$7,276$5,911$4,774$3,834$2,616
20 years$8,361$6,761$5,425$4,323$3,425$2,280
21 years$7,879$6,298$4,990$3,924$3,065$1,990
22 years$7,441$5,879$4,599$3,568$2,747$1,739
23 years$7,043$5,498$4,247$3,249$2,466$1,521
24 years$6,678$5,152$3,927$2,963$2,217$1,332
25 years$6,342$4,834$3,637$2,706$1,995$1,168
26 years$6,033$4,544$3,374$2,474$1,797$1,024
27 years$5,748$4,276$3,133$2,265$1,620$899
28 years$5,483$4,029$2,912$2,075$1,462$790
29 years$5,237$3,801$2,710$1,903$1,320$694
30 years$5,007$3,590$2,524$1,746$1,193$610
31 years$4,793$3,394$2,353$1,604$1,078$536
32 years$4,593$3,211$2,196$1,474$975$472
33 years$4,405$3,041$2,050$1,356$883$415
34 years$4,229$2,882$1,916$1,247$799$365
35 years$4,063$2,734$1,791$1,148$724$322
36 years$3,907$2,595$1,675$1,057$656$283
37 years$3,760$2,464$1,568$974$594$249
38 years$3,620$2,342$1,468$898$539$220
39 years$3,488$2,227$1,376$828$489$194
40 years$3,363$2,119$1,290$764$443$171
41 years$3,245$2,017$1,209$705$402$150
42 years$3,132$1,921$1,134$650$365$132
43 years$3,025$1,830$1,064$600$331$117
44 years$2,923$1,744$999$554$301$103
45 years$2,826$1,664$938$512$273$91
46 years$2,733$1,587$881$473$248$80
47 years$2,645$1,514$828$437$225$70
48 years$2,560$1,446$778$404$204$62
49 years$2,479$1,381$731$373$186$55
50 years$2,402$1,319$687$345$169$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,460,000, adding $6,784 every year, while hoping to spend $34,073 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: 46/28/26 Blend
54$2,460,000$2,460,000$2,460,000$2,460,000
55$2,717,918$2,587,538$2,549,408$2,822,344
56$2,958,892$2,678,074$2,598,559$2,987,298
57$3,223,303$2,771,904$2,648,216$3,162,316
58$3,513,507$2,869,154$2,698,358$3,351,546
59$3,832,096$2,969,954$2,748,964$3,556,335
60$4,181,928$3,074,440$2,800,013$3,778,165
61$4,566,151$3,182,753$2,851,479$4,018,668
62$4,988,230$3,295,040$2,903,335$4,279,636
63$5,451,986$3,411,453$2,955,553$4,563,043
64$5,961,626$3,532,152$3,008,102$4,871,060
65$6,521,786$3,657,301$3,060,947$5,206,077
66$7,137,572$3,787,073$3,114,053$5,570,723
67$7,814,611$3,921,647$3,167,381$5,967,892
68$8,559,102$4,061,208$3,220,889$6,400,771
69$9,377,875$4,205,951$3,274,532$6,872,866
70$10,278,453$4,356,078$3,328,264$7,388,039
71$11,269,127$4,511,797$3,382,033$7,950,540
72$12,359,031$4,673,329$3,435,784$8,565,049
73$13,558,230$4,840,900$3,489,461$9,236,720
74$14,877,812$5,014,747$3,543,001$9,971,226
75$16,329,996$5,195,116$3,596,339$10,774,816
76$17,928,245$5,382,266$3,649,404$11,654,371
77$19,687,391$5,576,462$3,702,125$12,617,471
78$21,623,779$5,777,983$3,754,421$13,672,460
79$23,755,420$5,987,120$3,806,209$14,828,532
80$26,102,158$6,204,174$3,857,402$16,095,811
81$28,685,859$6,429,459$3,907,906$17,485,449
82$31,530,618$6,663,304$3,957,622$19,009,730
83$34,662,985$6,906,049$4,006,446$20,682,186
84$38,112,214$7,158,051$4,054,267$22,517,720
85$41,910,544$7,419,679$4,100,969$24,532,753
86$46,093,496$7,691,320$4,146,428$26,745,371
87$50,700,214$7,973,376$4,190,515$29,175,501
88$55,773,830$8,266,266$4,233,091$31,845,094
89$61,361,874$8,570,426$4,274,013$34,778,333
90$67,516,721$8,886,313$4,313,128$38,001,861
91$74,296,084$9,214,399$4,350,275$41,545,031
92$81,763,560$9,555,181$4,385,286$45,440,181
93$89,989,232$9,909,173$4,417,981$49,722,940
94$99,050,324$10,276,914$4,448,174$54,432,564
95$109,031,937$10,658,962$4,475,667$59,612,304
96$120,027,846$11,055,903$4,500,254$65,309,812
97$132,141,390$11,468,345$4,521,716$71,577,593
98$145,486,442$11,896,925$4,539,824$78,473,497
99$160,188,489$12,342,304$4,554,337$86,061,267
100$176,385,810$12,805,172$4,565,004$94,411,133