Can I retire at age 55 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$165,984$164,505$163,063$161,655$160,280$156,788
2 years$82,170$80,640$79,157$77,719$76,324$72,823
3 years$54,236$52,699$51,220$49,795$48,423$45,023
4 years$40,272$38,739$37,275$35,875$34,536$31,262
5 years$31,895$30,372$28,927$27,555$26,253$23,116
6 years$26,313$24,801$23,377$22,036$20,773$17,776
7 years$22,327$20,828$19,427$18,117$16,894$14,037
8 years$19,339$17,853$16,475$15,198$14,016$11,297
9 years$17,016$15,545$14,190$12,945$11,803$9,222
10 years$15,159$13,702$12,371$11,159$10,057$7,610
11 years$13,640$12,198$10,891$9,712$8,649$6,333
12 years$12,376$10,948$9,666$8,518$7,495$5,307
13 years$11,307$9,894$8,636$7,520$6,536$4,472
14 years$10,391$8,993$7,759$6,676$5,729$3,785
15 years$9,598$8,216$7,006$5,954$5,045$3,215
16 years$8,905$7,538$6,352$5,331$4,458$2,740
17 years$8,294$6,942$5,780$4,790$3,953$2,341
18 years$7,752$6,415$5,276$4,317$3,515$2,004
19 years$7,267$5,945$4,830$3,900$3,133$1,719
20 years$6,831$5,524$4,433$3,533$2,798$1,477
21 years$6,438$5,146$4,077$3,206$2,504$1,271
22 years$6,080$4,803$3,758$2,915$2,245$1,094
23 years$5,754$4,492$3,470$2,655$2,015$943
24 years$5,456$4,209$3,209$2,421$1,811$814
25 years$5,182$3,950$2,972$2,211$1,630$703
26 years$4,930$3,712$2,756$2,022$1,468$607
27 years$4,696$3,494$2,560$1,851$1,324$525
28 years$4,480$3,292$2,380$1,696$1,194$454
29 years$4,279$3,106$2,214$1,555$1,078$393
30 years$4,091$2,933$2,063$1,427$974$340
31 years$3,917$2,773$1,923$1,311$881$294
32 years$3,753$2,624$1,794$1,204$797$255
33 years$3,600$2,485$1,675$1,108$721$221
34 years$3,456$2,355$1,565$1,019$653$191
35 years$3,320$2,234$1,463$938$591$166
36 years$3,192$2,120$1,369$864$536$143
37 years$3,072$2,013$1,281$796$486$124
38 years$2,958$1,914$1,200$734$440$108
39 years$2,850$1,820$1,124$677$399$93
40 years$2,748$1,731$1,054$624$362$81
41 years$2,651$1,648$988$576$329$70
42 years$2,559$1,569$927$531$298$61
43 years$2,471$1,495$870$490$271$53
44 years$2,388$1,425$816$453$246$46
45 years$2,309$1,359$766$418$223$40
46 years$2,233$1,297$720$386$202$34
47 years$2,161$1,237$676$357$184$30
48 years$2,092$1,181$636$330$167$26
49 years$2,026$1,128$597$305$152$22
50 years$1,962$1,078$562$282$138$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,010,000, adding $3,189 every year, while hoping to spend $21,429 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$2,010,000$2,010,000$2,010,000$2,010,000
55$2,218,309$2,111,779$2,080,624$2,375,235
56$2,421,777$2,192,456$2,127,525$2,560,033
57$2,645,279$2,276,368$2,175,279$2,759,406
58$2,890,839$2,363,651$2,223,891$2,977,188
59$3,160,681$2,454,446$2,273,368$3,215,195
60$3,457,258$2,548,902$2,323,714$3,475,425
61$3,783,274$2,647,174$2,374,934$3,760,078
62$4,141,704$2,749,422$2,427,031$4,071,577
63$4,535,830$2,855,815$2,480,007$4,412,589
64$4,969,263$2,966,529$2,533,867$4,786,051
65$5,445,987$3,081,747$2,588,610$5,195,197
66$5,970,387$3,201,662$2,644,237$5,643,588
67$6,547,296$3,326,473$2,700,749$6,135,145
68$7,182,039$3,456,390$2,758,144$6,674,188
69$7,880,485$3,591,631$2,816,419$7,265,473
70$8,649,097$3,732,423$2,875,572$7,914,238
71$9,494,999$3,879,006$2,935,598$8,626,254
72$10,426,039$4,031,628$2,996,490$9,407,876
73$11,450,866$4,190,548$3,058,243$10,266,103
74$12,579,008$4,356,039$3,120,848$11,208,646
75$13,820,966$4,528,384$3,184,296$12,243,999
76$15,188,308$4,707,878$3,248,573$13,381,516
77$16,693,784$4,894,833$3,313,669$14,631,505
78$18,351,441$5,089,571$3,379,568$16,005,319
79$20,176,758$5,292,430$3,446,254$17,515,464
80$22,186,792$5,503,763$3,513,707$19,175,721
81$24,400,337$5,723,940$3,581,909$21,001,267
82$26,838,104$5,953,346$3,650,836$23,008,827
83$29,522,915$6,192,384$3,720,464$25,216,824
84$32,479,918$6,441,476$3,790,764$27,645,557
85$35,736,823$6,701,062$3,861,708$30,317,388
86$39,324,167$6,971,602$3,933,264$33,256,957
87$43,275,599$7,253,578$4,005,395$36,491,409
88$47,628,198$7,547,492$4,078,064$40,050,655
89$52,422,826$7,853,870$4,151,230$43,967,648
90$57,704,506$8,173,262$4,224,849$48,278,697
91$63,522,856$8,506,242$4,298,872$53,023,807
92$69,932,552$8,853,412$4,373,248$58,247,058
93$76,993,843$9,215,400$4,447,923$63,997,018
94$84,773,123$9,592,863$4,522,836$70,327,202
95$93,343,556$9,986,487$4,597,925$77,296,575
96$102,785,765$10,396,992$4,673,123$84,970,110
97$113,188,596$10,825,128$4,748,356$93,419,397
98$124,649,955$11,271,681$4,823,548$102,723,319
99$137,277,730$11,737,473$4,898,616$112,968,799
100$151,190,813$12,223,364$4,973,474$124,251,614