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%13%
1 years$165,158$163,687$162,252$160,851$159,483$157,490
2 years$81,761$80,239$78,763$77,332$75,944$73,939
3 years$53,966$52,437$50,965$49,547$48,182$46,227
4 years$40,071$38,547$37,089$35,696$34,364$32,474
5 years$31,737$30,221$28,783$27,418$26,123$24,303
6 years$26,182$24,678$23,261$21,926$20,670$18,923
7 years$22,216$20,724$19,330$18,027$16,810$15,136
8 years$19,243$17,765$16,393$15,122$13,946$12,345
9 years$16,931$15,467$14,120$12,881$11,744$10,216
10 years$15,083$13,634$12,310$11,103$10,007$8,550
11 years$13,572$12,137$10,837$9,663$8,606$7,220
12 years$12,314$10,894$9,618$8,476$7,458$6,140
13 years$11,250$9,845$8,593$7,483$6,503$5,252
14 years$10,339$8,949$7,721$6,643$5,701$4,515
15 years$9,550$8,175$6,971$5,924$5,020$3,897
16 years$8,861$7,500$6,320$5,304$4,436$3,374
17 years$8,253$6,907$5,751$4,766$3,934$2,931
18 years$7,713$6,383$5,250$4,295$3,497$2,551
19 years$7,231$5,915$4,806$3,881$3,117$2,226
20 years$6,797$5,497$4,411$3,515$2,785$1,946
21 years$6,406$5,120$4,057$3,190$2,492$1,703
22 years$6,050$4,779$3,739$2,900$2,234$1,493
23 years$5,726$4,470$3,452$2,642$2,005$1,310
24 years$5,429$4,188$3,193$2,409$1,802$1,151
25 years$5,156$3,930$2,957$2,200$1,622$1,012
26 years$4,905$3,694$2,743$2,012$1,461$891
27 years$4,673$3,476$2,547$1,841$1,317$784
28 years$4,458$3,276$2,368$1,687$1,188$691
29 years$4,258$3,090$2,203$1,547$1,073$609
30 years$4,071$2,919$2,052$1,420$970$537
31 years$3,897$2,759$1,913$1,304$877$474
32 years$3,734$2,611$1,785$1,198$793$418
33 years$3,582$2,472$1,667$1,102$718$369
34 years$3,438$2,343$1,557$1,014$650$326
35 years$3,304$2,222$1,456$933$588$288
36 years$3,176$2,109$1,362$860$533$255
37 years$3,057$2,003$1,275$792$483$225
38 years$2,943$1,904$1,194$730$438$199
39 years$2,836$1,811$1,119$673$397$176
40 years$2,734$1,723$1,048$621$360$155
41 years$2,638$1,640$983$573$327$137
42 years$2,546$1,562$922$529$297$121
43 years$2,459$1,488$865$488$269$107
44 years$2,376$1,418$812$451$244$95
45 years$2,297$1,352$763$416$222$84
46 years$2,222$1,290$716$384$201$74
47 years$2,150$1,231$673$355$183$66
48 years$2,081$1,175$632$328$166$58
49 years$2,016$1,122$594$303$151$51
50 years$1,953$1,072$559$280$137$46

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 $6,687 every year, while hoping to spend $43,407 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: 50/25/25 Blend
54$2,000,000$2,000,000$2,000,000$2,000,000
55$2,210,898$2,104,898$2,073,898$2,305,563
56$2,390,224$2,161,853$2,097,188$2,429,129
57$2,586,388$2,220,144$2,119,805$2,558,449
58$2,801,059$2,279,791$2,141,678$2,698,135
59$3,036,079$2,340,813$2,162,736$2,849,185
60$3,293,475$2,403,228$2,182,903$3,012,703
61$3,575,477$2,467,054$2,202,099$3,189,903
62$3,884,545$2,532,309$2,220,238$3,382,121
63$4,223,386$2,599,009$2,237,233$3,590,831
64$4,594,981$2,667,170$2,252,990$3,817,656
65$5,002,614$2,736,807$2,267,410$4,064,383
66$5,449,902$2,807,932$2,280,390$4,332,983
67$5,940,830$2,880,559$2,291,821$4,625,626
68$6,479,786$2,954,698$2,301,589$4,944,704
69$7,071,606$3,030,359$2,309,573$5,292,853
70$7,721,613$3,107,550$2,315,647$5,672,976
71$8,435,675$3,186,278$2,319,679$6,088,273
72$9,220,255$3,266,546$2,321,530$6,542,271
73$10,082,473$3,348,359$2,321,053$7,038,856
74$11,030,172$3,431,715$2,318,095$7,582,311
75$12,071,994$3,516,614$2,312,495$8,177,355
76$13,217,459$3,603,050$2,304,086$8,829,189
77$14,477,057$3,691,016$2,292,689$9,543,545
78$15,862,343$3,780,502$2,278,121$10,326,741
79$17,386,050$3,871,494$2,260,186$11,185,739
80$19,062,206$3,963,977$2,238,681$12,128,211
81$20,906,267$4,057,928$2,213,393$13,162,613
82$22,935,264$4,153,324$2,184,100$14,298,266
83$25,167,960$4,250,136$2,150,566$15,545,439
84$27,625,031$4,348,331$2,112,548$16,915,455
85$30,329,255$4,447,871$2,069,790$18,420,787
86$33,305,734$4,548,711$2,022,023$20,075,187
87$36,582,125$4,650,805$1,968,967$21,893,808
88$40,188,903$4,754,095$1,910,329$23,893,353
89$44,159,648$4,858,522$1,845,801$26,092,228
90$48,531,360$4,964,018$1,775,063$28,510,720
91$53,344,810$5,070,506$1,697,780$31,171,189
92$58,644,925$5,177,906$1,613,600$34,098,276
93$64,481,209$5,286,124$1,522,157$37,319,140
94$70,908,210$5,395,062$1,423,067$40,863,713
95$77,986,037$5,504,610$1,315,930$44,764,982
96$85,780,927$5,614,650$1,200,327$49,059,305
97$94,365,865$5,725,051$1,075,822$53,786,750
98$103,821,278$5,835,674$941,957$58,991,477
99$114,235,792$5,946,365$798,255$64,722,157
100$125,707,065$6,056,959$644,219$71,032,429