Can I retire at age 55 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$167,636$166,142$164,685$163,264$161,875$160,922
2 years$82,988$81,442$79,944$78,492$77,083$76,122
3 years$54,776$53,223$51,729$50,291$48,905$47,965
4 years$40,672$39,125$37,646$36,232$34,879$33,968
5 years$32,213$30,674$29,215$27,829$26,515$25,635
6 years$26,575$25,048$23,610$22,255$20,980$20,132
7 years$22,549$21,035$19,620$18,297$17,063$16,248
8 years$19,531$18,031$16,639$15,349$14,155$13,373
9 years$17,185$15,699$14,331$13,074$11,921$11,171
10 years$15,310$13,838$12,494$11,270$10,157$9,440
11 years$13,776$12,319$11,000$9,808$8,735$8,050
12 years$12,499$11,057$9,762$8,603$7,570$6,915
13 years$11,419$9,992$8,722$7,595$6,601$5,977
14 years$10,494$9,083$7,837$6,742$5,786$5,192
15 years$9,694$8,297$7,075$6,013$5,095$4,530
16 years$8,994$7,613$6,415$5,384$4,503$3,966
17 years$8,377$7,011$5,837$4,837$3,993$3,483
18 years$7,829$6,478$5,329$4,359$3,550$3,067
19 years$7,339$6,004$4,878$3,939$3,164$2,707
20 years$6,899$5,579$4,477$3,568$2,826$2,394
21 years$6,502$5,197$4,118$3,238$2,529$2,120
22 years$6,141$4,851$3,795$2,944$2,267$1,881
23 years$5,812$4,537$3,504$2,681$2,035$1,671
24 years$5,510$4,251$3,241$2,445$1,829$1,486
25 years$5,234$3,989$3,002$2,233$1,646$1,323
26 years$4,979$3,749$2,784$2,042$1,483$1,179
27 years$4,743$3,529$2,585$1,869$1,337$1,052
28 years$4,524$3,325$2,403$1,712$1,206$938
29 years$4,321$3,137$2,236$1,570$1,089$838
30 years$4,132$2,962$2,083$1,441$984$749
31 years$3,956$2,800$1,942$1,324$890$669
32 years$3,790$2,650$1,812$1,216$805$599
33 years$3,635$2,509$1,692$1,119$728$536
34 years$3,490$2,378$1,581$1,029$659$479
35 years$3,353$2,256$1,478$947$597$429
36 years$3,224$2,141$1,383$873$541$384
37 years$3,102$2,034$1,294$804$490$344
38 years$2,987$1,933$1,212$741$445$308
39 years$2,878$1,838$1,135$683$403$276
40 years$2,775$1,748$1,064$630$366$248
41 years$2,677$1,664$998$581$332$222
42 years$2,584$1,585$936$537$301$199
43 years$2,496$1,510$878$495$273$179
44 years$2,412$1,440$824$457$248$160
45 years$2,332$1,373$774$422$225$144
46 years$2,255$1,310$727$390$204$129
47 years$2,182$1,250$683$360$186$116
48 years$2,113$1,193$642$333$169$104
49 years$2,046$1,139$603$308$153$93
50 years$1,982$1,088$567$285$139$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,030,000, adding $3,143 every year, while hoping to spend $40,387 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: 79/5/16 Blend
54$2,030,000$2,030,000$2,030,000$2,030,000
55$2,240,302$2,132,712$2,101,247$2,409,399
56$2,425,841$2,194,243$2,128,667$2,582,772
57$2,628,952$2,257,436$2,155,653$2,767,492
58$2,851,384$2,322,329$2,182,146$2,969,045
59$3,095,064$2,388,962$2,208,086$3,189,099
60$3,362,113$2,457,374$2,233,410$3,429,494
61$3,654,869$2,527,606$2,258,050$3,692,255
62$3,975,905$2,599,698$2,281,934$3,979,614
63$4,328,057$2,673,693$2,304,988$4,294,027
64$4,714,447$2,749,632$2,327,133$4,638,204
65$5,138,513$2,827,556$2,348,285$5,015,126
66$5,604,045$2,907,510$2,368,356$5,428,079
67$6,115,215$2,989,536$2,387,253$5,880,684
68$6,676,621$3,073,677$2,404,880$6,376,928
69$7,293,326$3,159,977$2,421,133$6,921,207
70$7,970,909$3,248,479$2,435,905$7,518,361
71$8,715,516$3,339,229$2,449,082$8,173,725
72$9,533,918$3,432,271$2,460,546$8,893,175
73$10,433,573$3,527,648$2,470,170$9,683,188
74$11,422,700$3,625,405$2,477,823$10,550,897
75$12,510,352$3,725,586$2,483,367$11,504,166
76$13,706,505$3,828,237$2,486,656$12,551,656
77$15,022,148$3,933,400$2,487,539$13,702,913
78$16,469,390$4,041,120$2,485,855$14,968,454
79$18,061,574$4,151,440$2,481,436$16,359,870
80$19,813,397$4,264,404$2,474,108$17,889,929
81$21,741,058$4,380,054$2,463,684$19,572,706
82$23,862,400$4,498,431$2,449,972$21,423,706
83$26,197,088$4,619,577$2,432,769$23,460,015
84$28,766,786$4,743,532$2,411,862$25,700,464
85$31,595,368$4,870,335$2,387,030$28,165,801
86$34,709,139$5,000,024$2,358,038$30,878,889
87$38,137,081$5,132,635$2,324,642$33,864,924
88$41,911,133$5,268,204$2,286,588$37,151,669
89$46,066,487$5,406,765$2,243,607$40,769,720
90$50,641,920$5,548,348$2,195,419$44,752,791
91$55,680,162$5,692,983$2,141,732$49,138,036
92$61,228,297$5,840,697$2,082,238$53,966,395
93$67,338,207$5,991,515$2,016,617$59,282,985
94$74,067,064$6,145,459$1,944,533$65,137,525
95$81,477,866$6,302,547$1,865,636$71,584,802
96$89,640,032$6,462,796$1,779,558$78,685,193
97$98,630,059$6,626,217$1,685,917$86,505,231
98$108,532,241$6,792,817$1,584,311$95,118,236
99$119,439,466$6,962,602$1,474,322$104,605,006
100$131,454,091$7,135,569$1,355,512$115,054,578