Can I retire at age 55 with 2,020,000?

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 $2,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$166,810$165,324$163,874$162,459$161,078$157,955
2 years$82,579$81,041$79,551$78,105$76,704$73,570
3 years$54,506$52,961$51,474$50,043$48,664$45,617
4 years$40,472$38,932$37,460$36,053$34,708$31,771
5 years$32,054$30,523$29,071$27,692$26,384$23,567
6 years$26,444$24,925$23,493$22,146$20,877$18,181
7 years$22,438$20,932$19,523$18,207$16,978$14,406
8 years$19,435$17,942$16,557$15,274$14,085$11,634
9 years$17,101$15,622$14,261$13,010$11,862$9,531
10 years$15,234$13,770$12,433$11,214$10,107$7,894
11 years$13,708$12,259$10,946$9,760$8,692$6,595
12 years$12,437$11,003$9,714$8,561$7,533$5,548
13 years$11,363$9,943$8,679$7,558$6,569$4,693
14 years$10,443$9,038$7,798$6,709$5,758$3,988
15 years$9,646$8,256$7,040$5,983$5,070$3,402
16 years$8,949$7,575$6,383$5,357$4,481$2,912
17 years$8,335$6,976$5,808$4,814$3,973$2,498
18 years$7,790$6,447$5,302$4,338$3,532$2,149
19 years$7,303$5,975$4,854$3,920$3,149$1,851
20 years$6,865$5,552$4,455$3,550$2,812$1,598
21 years$6,470$5,171$4,098$3,222$2,517$1,381
22 years$6,110$4,827$3,777$2,929$2,256$1,195
23 years$5,783$4,515$3,487$2,668$2,025$1,035
24 years$5,483$4,230$3,225$2,433$1,820$897
25 years$5,208$3,970$2,987$2,222$1,638$778
26 years$4,954$3,731$2,770$2,032$1,475$676
27 years$4,720$3,511$2,572$1,860$1,330$587
28 years$4,502$3,309$2,391$1,704$1,200$510
29 years$4,300$3,121$2,225$1,563$1,084$443
30 years$4,112$2,948$2,073$1,434$979$386
31 years$3,936$2,787$1,932$1,317$885$335
32 years$3,772$2,637$1,803$1,210$801$292
33 years$3,618$2,497$1,683$1,113$725$254
34 years$3,473$2,367$1,573$1,024$656$221
35 years$3,337$2,245$1,471$943$594$193
36 years$3,208$2,131$1,376$868$538$168
37 years$3,087$2,023$1,288$800$488$146
38 years$2,973$1,923$1,206$737$442$127
39 years$2,864$1,829$1,130$680$401$111
40 years$2,762$1,740$1,059$627$364$97
41 years$2,664$1,656$993$579$330$84
42 years$2,572$1,577$931$534$300$73
43 years$2,484$1,503$874$493$272$64
44 years$2,400$1,432$820$455$247$56
45 years$2,320$1,366$770$420$224$49
46 years$2,244$1,303$723$388$203$42
47 years$2,172$1,244$680$359$185$37
48 years$2,102$1,187$639$331$168$32
49 years$2,036$1,134$600$306$152$28
50 years$1,972$1,083$564$283$138$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,020,000, adding $2,080 every year, while hoping to spend $45,389 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: 79/7/14 Blend
54$2,020,000$2,020,000$2,020,000$2,020,000
55$2,228,186$2,121,126$2,089,816$2,397,753
56$2,407,167$2,176,767$2,111,531$2,565,272
57$2,602,883$2,233,614$2,132,452$2,742,995
58$2,816,993$2,291,677$2,152,505$2,936,700
59$3,051,324$2,350,967$2,171,612$3,147,965
60$3,307,887$2,411,492$2,189,689$3,378,532
61$3,588,897$2,473,261$2,206,649$3,630,316
62$3,896,794$2,536,280$2,222,401$3,905,429
63$4,234,264$2,600,554$2,236,848$4,206,196
64$4,604,265$2,666,088$2,249,890$4,535,179
65$5,010,058$2,732,884$2,261,418$4,895,199
66$5,455,230$2,800,941$2,271,322$5,289,366
67$5,943,735$2,870,259$2,279,483$5,721,103
68$6,479,928$2,940,834$2,285,777$6,194,185
69$7,068,605$3,012,659$2,290,076$6,712,768
70$7,715,051$3,085,728$2,292,241$7,281,431
71$8,425,086$3,160,028$2,292,131$7,905,222
72$9,205,122$3,235,547$2,289,595$8,589,699
73$10,062,224$3,312,268$2,284,475$9,340,989
74$11,004,172$3,390,170$2,276,607$10,165,840
75$12,039,540$3,469,231$2,265,816$11,071,691
76$13,177,774$3,549,424$2,251,921$12,066,736
77$14,429,279$3,630,718$2,234,732$13,160,004
78$15,805,519$3,713,077$2,214,050$14,361,446
79$17,319,126$3,796,462$2,189,665$15,682,024
80$18,984,017$3,880,829$2,161,359$17,133,819
81$20,815,524$3,966,127$2,128,902$18,730,144
82$22,830,542$4,052,302$2,092,054$20,485,668
83$25,047,685$4,139,292$2,050,565$22,416,554
84$27,487,461$4,227,030$2,004,172$24,540,617
85$30,172,470$4,315,442$1,952,599$26,877,483
86$33,127,610$4,404,446$1,895,559$29,448,783
87$36,380,317$4,493,955$1,832,751$32,278,352
88$39,960,821$4,583,870$1,763,860$35,392,455
89$43,902,433$4,674,088$1,688,557$38,820,036
90$48,241,855$4,764,493$1,606,499$42,592,991
91$53,019,532$4,854,961$1,517,324$46,746,469
92$58,280,028$4,945,358$1,420,658$51,319,202
93$64,072,448$5,035,538$1,316,108$56,353,874
94$70,450,903$5,125,344$1,203,262$61,897,521
95$77,475,017$5,214,607$1,081,693$68,001,978
96$85,210,491$5,303,145$950,952$74,724,363
97$93,729,723$5,390,762$810,571$82,127,625
98$103,112,492$5,477,246$660,063$90,281,131
99$113,446,707$5,562,372$498,915$99,261,323
100$124,829,239$5,645,896$326,597$109,152,440