Can I retire at age 55 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$204,796$202,972$201,192$199,455$197,759$190,894
2 years$101,384$99,496$97,666$95,892$94,171$87,326
3 years$66,918$65,022$63,196$61,439$59,746$53,135
4 years$49,688$47,798$45,991$44,263$42,611$36,286
5 years$39,353$37,474$35,691$33,998$32,392$26,369
6 years$32,465$30,600$28,843$27,189$25,631$19,914
7 years$27,548$25,698$23,969$22,353$20,845$15,433
8 years$23,861$22,028$20,328$18,752$17,293$12,183
9 years$20,995$19,179$17,508$15,972$14,563$9,747
10 years$18,703$16,906$15,264$13,768$12,408$7,880
11 years$16,830$15,050$13,438$11,983$10,672$6,420
12 years$15,270$13,508$11,926$10,510$9,248$5,264
13 years$13,950$12,207$10,655$9,279$8,064$4,338
14 years$12,821$11,096$9,574$8,237$7,069$3,589
15 years$11,842$10,137$8,644$7,346$6,224$2,979
16 years$10,987$9,300$7,837$6,577$5,501$2,479
17 years$10,234$8,565$7,131$5,910$4,878$2,067
18 years$9,564$7,915$6,510$5,326$4,337$1,727
19 years$8,966$7,335$5,959$4,812$3,866$1,446
20 years$8,429$6,816$5,469$4,359$3,453$1,211
21 years$7,943$6,349$5,031$3,956$3,090$1,016
22 years$7,502$5,927$4,637$3,597$2,770$853
23 years$7,100$5,543$4,281$3,275$2,486$716
24 years$6,732$5,193$3,959$2,987$2,235$602
25 years$6,394$4,874$3,667$2,728$2,011$506
26 years$6,082$4,581$3,401$2,495$1,811$426
27 years$5,794$4,311$3,158$2,283$1,633$358
28 years$5,527$4,062$2,936$2,092$1,474$302
29 years$5,279$3,832$2,732$1,918$1,331$254
30 years$5,048$3,619$2,545$1,761$1,202$214
31 years$4,832$3,421$2,373$1,617$1,087$180
32 years$4,631$3,237$2,214$1,486$983$152
33 years$4,441$3,066$2,067$1,367$890$128
34 years$4,264$2,905$1,931$1,257$806$108
35 years$4,096$2,756$1,805$1,157$730$91
36 years$3,939$2,616$1,689$1,066$661$77
37 years$3,790$2,484$1,581$982$599$65
38 years$3,650$2,361$1,480$905$543$54
39 years$3,517$2,245$1,387$835$493$46
40 years$3,391$2,136$1,300$770$447$39
41 years$3,271$2,033$1,219$710$405$33
42 years$3,157$1,936$1,143$656$368$27
43 years$3,049$1,845$1,073$605$334$23
44 years$2,947$1,759$1,007$559$303$20
45 years$2,849$1,677$946$516$275$16
46 years$2,755$1,600$888$477$250$14
47 years$2,666$1,527$834$440$227$12
48 years$2,581$1,457$784$407$206$10
49 years$2,499$1,392$737$376$187$8
50 years$2,421$1,330$693$348$170$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,480,000, adding $3,542 every year, while hoping to spend $37,356 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: 81/9/10 Blend
54$2,480,000$2,480,000$2,480,000$2,480,000
55$2,736,614$2,605,174$2,566,734$2,953,652
56$2,976,002$2,693,081$2,612,973$3,184,335
57$3,238,555$2,784,043$2,659,509$3,432,206
58$3,526,598$2,878,171$2,706,312$3,703,160
59$3,842,689$2,975,579$2,753,352$3,999,487
60$4,189,647$3,076,387$2,800,593$4,323,712
61$4,570,577$3,180,716$2,847,999$4,678,616
62$4,988,901$3,288,696$2,895,531$5,067,258
63$5,448,385$3,400,458$2,943,148$5,493,012
64$5,953,181$3,516,141$2,990,804$5,959,591
65$6,507,861$3,635,888$3,038,452$6,471,084
66$7,117,464$3,759,848$3,086,041$7,031,999
67$7,787,539$3,888,174$3,133,518$7,647,298
68$8,524,201$4,021,027$3,180,823$8,322,448
69$9,334,186$4,158,574$3,227,897$9,063,471
70$10,224,915$4,300,986$3,274,674$9,877,003
71$11,204,566$4,448,444$3,321,085$10,770,352
72$12,282,148$4,601,134$3,367,058$11,751,570
73$13,467,587$4,759,249$3,412,514$12,829,528
74$14,771,819$4,922,991$3,457,371$14,013,998
75$16,206,895$5,092,568$3,501,543$15,315,748
76$17,786,092$5,268,197$3,544,938$16,746,641
77$19,524,038$5,450,104$3,587,459$18,319,745
78$21,436,854$5,638,523$3,629,003$20,049,462
79$23,542,300$5,833,697$3,669,461$21,951,657
80$25,859,946$6,035,880$3,708,720$24,043,811
81$28,411,357$6,245,335$3,746,659$26,345,185
82$31,220,293$6,462,334$3,783,149$28,877,001
83$34,312,937$6,687,162$3,818,058$31,662,644
84$37,718,137$6,920,113$3,851,244$34,727,878
85$41,467,684$7,161,496$3,882,558$38,101,094
86$45,596,608$7,411,629$3,911,844$41,813,574
87$50,143,507$7,670,844$3,938,935$45,899,786
88$55,150,915$7,939,486$3,963,660$50,397,713
89$60,665,701$8,217,914$3,985,836$55,349,204
90$66,739,512$8,506,500$4,005,270$60,800,378
91$73,429,256$8,805,633$4,021,761$66,802,048
92$80,797,648$9,115,717$4,035,098$73,410,210
93$88,913,792$9,437,171$4,045,057$80,686,566
94$97,853,839$9,770,432$4,051,406$88,699,106
95$107,701,701$10,115,954$4,053,899$97,522,751
96$118,549,849$10,474,210$4,052,279$107,240,060
97$130,500,179$10,845,692$4,046,276$117,942,006
98$143,664,977$11,230,911$4,035,606$129,728,837
99$158,167,979$11,630,399$4,019,973$142,711,023
100$174,145,536$12,044,712$3,999,065$157,010,294