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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.2%
1 years$167,636$166,142$164,685$163,264$161,875$157,134
2 years$82,988$81,442$79,944$78,492$77,083$72,345
3 years$54,776$53,223$51,729$50,291$48,905$44,318
4 years$40,672$39,125$37,646$36,232$34,879$30,479
5 years$32,213$30,674$29,215$27,829$26,515$22,313
6 years$26,575$25,048$23,610$22,255$20,980$16,981
7 years$22,549$21,035$19,620$18,297$17,063$13,266
8 years$19,531$18,031$16,639$15,349$14,155$10,558
9 years$17,185$15,699$14,331$13,074$11,921$8,520
10 years$15,310$13,838$12,494$11,270$10,157$6,948
11 years$13,776$12,319$11,000$9,808$8,735$5,713
12 years$12,499$11,057$9,762$8,603$7,570$4,728
13 years$11,419$9,992$8,722$7,595$6,601$3,933
14 years$10,494$9,083$7,837$6,742$5,786$3,286
15 years$9,694$8,297$7,075$6,013$5,095$2,754
16 years$8,994$7,613$6,415$5,384$4,503$2,316
17 years$8,377$7,011$5,837$4,837$3,993$1,951
18 years$7,829$6,478$5,329$4,359$3,550$1,647
19 years$7,339$6,004$4,878$3,939$3,164$1,393
20 years$6,899$5,579$4,477$3,568$2,826$1,180
21 years$6,502$5,197$4,118$3,238$2,529$1,000
22 years$6,141$4,851$3,795$2,944$2,267$849
23 years$5,812$4,537$3,504$2,681$2,035$721
24 years$5,510$4,251$3,241$2,445$1,829$613
25 years$5,234$3,989$3,002$2,233$1,646$521
26 years$4,979$3,749$2,784$2,042$1,483$443
27 years$4,743$3,529$2,585$1,869$1,337$377
28 years$4,524$3,325$2,403$1,712$1,206$321
29 years$4,321$3,137$2,236$1,570$1,089$274
30 years$4,132$2,962$2,083$1,441$984$233
31 years$3,956$2,800$1,942$1,324$890$199
32 years$3,790$2,650$1,812$1,216$805$169
33 years$3,635$2,509$1,692$1,119$728$144
34 years$3,490$2,378$1,581$1,029$659$123
35 years$3,353$2,256$1,478$947$597$105
36 years$3,224$2,141$1,383$873$541$90
37 years$3,102$2,034$1,294$804$490$76
38 years$2,987$1,933$1,212$741$445$65
39 years$2,878$1,838$1,135$683$403$56
40 years$2,775$1,748$1,064$630$366$47
41 years$2,677$1,664$998$581$332$40
42 years$2,584$1,585$936$537$301$34
43 years$2,496$1,510$878$495$273$29
44 years$2,412$1,440$824$457$248$25
45 years$2,332$1,373$774$422$225$21
46 years$2,255$1,310$727$390$204$18
47 years$2,182$1,250$683$360$186$16
48 years$2,113$1,193$642$333$169$13
49 years$2,046$1,139$603$308$153$11
50 years$1,982$1,088$567$285$139$10

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 $4,120 every year, while hoping to spend $40,536 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: 54/30/16 Blend
54$2,030,000$2,030,000$2,030,000$2,030,000
55$2,241,310$2,133,720$2,102,255$2,352,550
56$2,426,793$2,195,142$2,129,550$2,490,331
57$2,629,838$2,258,215$2,156,402$2,635,550
58$2,852,191$2,322,978$2,182,751$2,792,711
59$3,095,779$2,389,468$2,208,538$2,962,963
60$3,362,722$2,457,726$2,233,697$3,147,568
61$3,655,355$2,527,790$2,258,161$3,347,918
62$3,976,250$2,599,700$2,281,859$3,565,544
63$4,328,240$2,673,498$2,304,714$3,802,133
64$4,714,445$2,749,224$2,326,646$4,059,540
65$5,138,302$2,826,919$2,347,572$4,339,811
66$5,603,596$2,906,625$2,367,403$4,645,196
67$6,114,497$2,988,385$2,386,045$4,978,175
68$6,675,600$3,072,239$2,403,401$5,341,478
69$7,291,963$3,158,231$2,419,368$5,738,114
70$7,969,163$3,246,404$2,433,836$6,171,395
71$8,713,339$3,336,800$2,446,691$6,644,970
72$9,531,259$3,429,462$2,457,814$7,162,860
73$10,430,374$3,524,432$2,467,078$7,729,493
74$11,418,898$3,621,755$2,474,350$8,349,746
75$12,505,876$3,721,472$2,479,492$9,028,995
76$13,701,277$3,823,626$2,482,357$9,773,160
77$15,016,083$3,928,259$2,482,792$10,588,764
78$16,462,394$4,035,414$2,480,635$11,482,995
79$18,053,540$4,145,131$2,475,718$12,463,772
80$19,804,210$4,257,452$2,467,864$13,539,818
81$21,730,589$4,372,416$2,456,887$14,720,746
82$23,850,509$4,490,064$2,442,593$16,017,150
83$26,183,617$4,610,434$2,424,776$17,440,699
84$28,751,564$4,733,563$2,403,224$19,004,253
85$31,578,204$4,859,488$2,377,712$20,721,983
86$34,689,821$4,988,243$2,348,006$22,609,502
87$38,115,379$5,119,863$2,313,860$24,684,016
88$41,886,789$5,254,379$2,275,016$26,964,484
89$46,039,219$5,391,820$2,231,207$29,471,795
90$50,611,416$5,532,216$2,182,148$32,228,972
91$55,646,077$5,675,591$2,127,547$35,261,383
92$61,190,251$5,821,969$2,067,094$38,596,981
93$67,295,781$5,971,370$2,000,466$42,266,570
94$74,019,795$6,123,812$1,927,326$46,304,097
95$81,425,244$6,279,308$1,847,321$50,746,968
96$89,581,494$6,437,870$1,760,082$55,636,406
97$98,564,985$6,599,504$1,665,223$61,017,834
98$108,459,946$6,764,212$1,562,341$66,941,313
99$119,359,195$6,931,993$1,451,014$73,462,006
100$131,365,013$7,102,840$1,330,802$80,640,702