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

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$165,158$163,687$162,252$160,851$159,483$154,254
2 years$81,761$80,239$78,763$77,332$75,944$70,726
3 years$53,966$52,437$50,965$49,547$48,182$43,139
4 years$40,071$38,547$37,089$35,696$34,364$29,534
5 years$31,737$30,221$28,783$27,418$26,123$21,519
6 years$26,182$24,678$23,261$21,926$20,670$16,296
7 years$22,216$20,724$19,330$18,027$16,810$12,665
8 years$19,243$17,765$16,393$15,122$13,946$10,027
9 years$16,931$15,467$14,120$12,881$11,744$8,048
10 years$15,083$13,634$12,310$11,103$10,007$6,526
11 years$13,572$12,137$10,837$9,663$8,606$5,335
12 years$12,314$10,894$9,618$8,476$7,458$4,389
13 years$11,250$9,845$8,593$7,483$6,503$3,629
14 years$10,339$8,949$7,721$6,643$5,701$3,012
15 years$9,550$8,175$6,971$5,924$5,020$2,509
16 years$8,861$7,500$6,320$5,304$4,436$2,096
17 years$8,253$6,907$5,751$4,766$3,934$1,754
18 years$7,713$6,383$5,250$4,295$3,497$1,471
19 years$7,231$5,915$4,806$3,881$3,117$1,236
20 years$6,797$5,497$4,411$3,515$2,785$1,039
21 years$6,406$5,120$4,057$3,190$2,492$875
22 years$6,050$4,779$3,739$2,900$2,234$737
23 years$5,726$4,470$3,452$2,642$2,005$622
24 years$5,429$4,188$3,193$2,409$1,802$525
25 years$5,156$3,930$2,957$2,200$1,622$443
26 years$4,905$3,694$2,743$2,012$1,461$374
27 years$4,673$3,476$2,547$1,841$1,317$316
28 years$4,458$3,276$2,368$1,687$1,188$267
29 years$4,258$3,090$2,203$1,547$1,073$226
30 years$4,071$2,919$2,052$1,420$970$191
31 years$3,897$2,759$1,913$1,304$877$162
32 years$3,734$2,611$1,785$1,198$793$137
33 years$3,582$2,472$1,667$1,102$718$116
34 years$3,438$2,343$1,557$1,014$650$98
35 years$3,304$2,222$1,456$933$588$83
36 years$3,176$2,109$1,362$860$533$70
37 years$3,057$2,003$1,275$792$483$59
38 years$2,943$1,904$1,194$730$438$50
39 years$2,836$1,811$1,119$673$397$43
40 years$2,734$1,723$1,048$621$360$36
41 years$2,638$1,640$983$573$327$30
42 years$2,546$1,562$922$529$297$26
43 years$2,459$1,488$865$488$269$22
44 years$2,376$1,418$812$451$244$19
45 years$2,297$1,352$763$416$222$16
46 years$2,222$1,290$716$384$201$13
47 years$2,150$1,231$673$355$183$11
48 years$2,081$1,175$632$328$166$10
49 years$2,016$1,122$594$303$151$8
50 years$1,953$1,072$559$280$137$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,000,000, adding $2,038 every year, while hoping to spend $37,388 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: 73/16/11 Blend
54$2,000,000$2,000,000$2,000,000$2,000,000
55$2,206,102$2,100,102$2,069,102$2,362,247
56$2,391,344$2,163,227$2,098,637$2,528,821
57$2,594,228$2,228,191$2,127,907$2,706,371
58$2,816,513$2,295,046$2,156,866$2,899,815
59$3,060,137$2,363,844$2,185,462$3,110,714
60$3,327,237$2,434,638$2,213,640$3,340,788
61$3,620,161$2,507,482$2,241,343$3,591,932
62$3,941,501$2,582,432$2,268,512$3,866,231
63$4,294,108$2,659,545$2,295,081$4,165,983
64$4,681,125$2,738,880$2,320,983$4,493,716
65$5,106,010$2,820,496$2,346,147$4,852,217
66$5,572,578$2,904,455$2,370,498$5,244,554
67$6,085,027$2,990,819$2,393,955$5,674,108
68$6,647,983$3,079,652$2,416,436$6,144,601
69$7,266,543$3,171,020$2,437,852$6,660,133
70$7,946,320$3,264,990$2,458,110$7,225,223
71$8,693,500$3,361,630$2,477,112$7,844,846
72$9,514,897$3,461,010$2,494,755$8,524,484
73$10,418,018$3,563,202$2,510,932$9,270,177
74$11,411,135$3,668,278$2,525,527$10,088,578
75$12,503,360$3,776,312$2,538,421$10,987,015
76$13,704,732$3,887,381$2,549,488$11,973,566
77$15,026,315$4,001,563$2,558,596$13,057,126
78$16,480,296$4,118,936$2,565,605$14,247,499
79$18,080,103$4,239,581$2,570,370$15,555,484
80$19,840,534$4,363,581$2,572,738$16,992,982
81$21,777,891$4,491,019$2,572,547$18,573,102
82$23,910,137$4,621,980$2,569,629$20,310,292
83$26,257,066$4,756,552$2,563,806$22,220,468
84$28,840,487$4,894,823$2,554,893$24,321,169
85$31,684,430$5,036,883$2,542,696$26,631,721
86$34,815,375$5,182,823$2,527,010$29,173,418
87$38,262,499$5,332,738$2,507,620$31,969,722
88$42,057,953$5,486,721$2,484,304$35,046,488
89$46,237,162$5,644,868$2,456,827$38,432,205
90$50,839,164$5,807,277$2,424,941$42,158,265
91$55,906,972$5,974,048$2,388,391$46,259,259
92$61,487,987$6,145,280$2,346,906$50,773,305
93$67,634,438$6,321,075$2,300,203$55,742,404
94$74,403,880$6,501,537$2,247,989$61,212,841
95$81,859,732$6,686,769$2,189,954$67,235,618
96$90,071,882$6,876,877$2,125,774$73,866,936
97$99,117,337$7,071,968$2,055,111$81,168,727
98$109,080,961$7,272,149$1,977,612$89,209,235
99$120,056,264$7,477,530$1,892,907$98,063,665
100$132,146,292$7,688,218$1,800,609$107,814,888