Can I retire at age 55 with 2,040,000?

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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$168,461$166,961$165,497$164,068$162,672$156,465
2 years$83,397$81,843$80,338$78,879$77,463$71,283
3 years$55,046$53,486$51,984$50,538$49,146$43,186
4 years$40,873$39,318$37,831$36,410$35,051$29,358
5 years$32,371$30,825$29,359$27,966$26,645$21,234
6 years$26,705$25,171$23,726$22,365$21,084$15,957
7 years$22,660$21,139$19,716$18,387$17,147$12,303
8 years$19,627$18,120$16,721$15,425$14,225$9,660
9 years$17,270$15,777$14,402$13,138$11,979$7,686
10 years$15,385$13,906$12,556$11,326$10,207$6,178
11 years$13,844$12,380$11,054$9,857$8,778$5,005
12 years$12,560$11,112$9,810$8,646$7,607$4,079
13 years$11,475$10,042$8,765$7,633$6,634$3,340
14 years$10,546$9,128$7,875$6,775$5,815$2,746
15 years$9,741$8,338$7,110$6,043$5,120$2,265
16 years$9,038$7,650$6,446$5,410$4,525$1,873
17 years$8,418$7,045$5,866$4,861$4,012$1,551
18 years$7,867$6,510$5,355$4,381$3,567$1,288
19 years$7,376$6,034$4,902$3,959$3,180$1,070
20 years$6,933$5,607$4,499$3,585$2,840$890
21 years$6,534$5,223$4,138$3,254$2,542$742
22 years$6,171$4,875$3,814$2,958$2,278$618
23 years$5,840$4,560$3,522$2,694$2,045$516
24 years$5,538$4,272$3,257$2,457$1,838$430
25 years$5,259$4,009$3,016$2,244$1,654$359
26 years$5,003$3,768$2,798$2,052$1,490$300
27 years$4,766$3,546$2,598$1,878$1,343$251
28 years$4,547$3,341$2,415$1,721$1,212$209
29 years$4,343$3,152$2,247$1,578$1,094$175
30 years$4,153$2,977$2,093$1,448$989$146
31 years$3,975$2,814$1,952$1,330$894$122
32 years$3,809$2,663$1,821$1,222$809$102
33 years$3,653$2,522$1,700$1,124$732$86
34 years$3,507$2,390$1,589$1,034$663$72
35 years$3,370$2,267$1,485$952$600$60
36 years$3,240$2,152$1,389$877$544$50
37 years$3,118$2,044$1,300$808$493$42
38 years$3,002$1,942$1,218$745$447$35
39 years$2,893$1,847$1,141$687$405$29
40 years$2,789$1,757$1,069$633$368$25
41 years$2,691$1,673$1,003$584$333$21
42 years$2,597$1,593$941$539$303$17
43 years$2,508$1,518$883$498$275$14
44 years$2,424$1,447$828$460$249$12
45 years$2,343$1,380$778$424$226$10
46 years$2,266$1,316$731$392$205$8
47 years$2,193$1,256$686$362$187$7
48 years$2,123$1,199$645$335$169$6
49 years$2,056$1,145$606$309$154$5
50 years$1,992$1,094$570$286$140$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,040,000, adding $3,203 every year, while hoping to spend $57,767 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: 51/28/21 Blend
54$2,040,000$2,040,000$2,040,000$2,040,000
55$2,251,384$2,143,264$2,111,644$2,352,902
56$2,419,561$2,186,820$2,120,920$2,466,942
57$2,602,957$2,230,575$2,128,571$2,584,667
58$2,803,062$2,274,476$2,134,482$2,711,452
59$3,021,517$2,318,468$2,138,530$2,848,179
60$3,260,130$2,362,492$2,140,589$2,995,816
61$3,520,890$2,406,480$2,140,525$3,155,434
62$3,805,986$2,450,363$2,138,198$3,328,213
63$4,117,830$2,494,065$2,133,462$3,515,453
64$4,459,077$2,537,502$2,126,160$3,718,589
65$4,832,649$2,580,586$2,116,133$3,939,204
66$5,241,767$2,623,222$2,103,211$4,179,040
67$5,689,974$2,665,307$2,087,216$4,440,024
68$6,181,175$2,706,731$2,067,961$4,724,275
69$6,719,670$2,747,375$2,045,253$5,034,134
70$7,310,193$2,787,114$2,018,886$5,372,180
71$7,957,962$2,825,811$1,988,647$5,741,259
72$8,668,719$2,863,321$1,954,312$6,144,509
73$9,448,794$2,899,489$1,915,647$6,585,390
74$10,305,156$2,934,149$1,872,406$7,067,717
75$11,245,483$2,967,124$1,824,333$7,595,698
76$12,278,234$2,998,224$1,771,160$8,173,972
77$13,412,725$3,027,248$1,712,605$8,807,658
78$14,659,221$3,053,981$1,648,375$9,502,395
79$16,029,029$3,078,194$1,578,163$10,264,407
80$17,534,606$3,099,642$1,501,648$11,100,552
81$19,189,676$3,118,065$1,418,493$12,018,395
82$21,009,360$3,133,186$1,328,350$13,026,277
83$23,010,315$3,144,713$1,230,850$14,133,394
84$25,210,894$3,152,331$1,125,610$15,349,886
85$27,631,319$3,155,709$1,012,232$16,686,934
86$30,293,868$3,154,493$890,295$18,156,864
87$33,223,087$3,148,308$759,365$19,773,268
88$36,446,023$3,136,756$618,985$21,551,131
89$39,992,476$3,119,415$468,679$23,506,973
90$43,895,278$3,095,836$307,950$25,659,009
91$48,190,609$3,065,545$136,279$28,027,319
92$52,918,331$3,028,037$0$30,634,043
93$58,122,368$2,982,777$0$33,514,101
94$63,851,117$2,929,201$0$36,717,156
95$70,157,906$2,866,707$0$40,242,435
96$77,101,499$2,794,662$0$44,122,775
97$84,746,643$2,712,392$0$48,394,369
98$93,164,688$2,619,186$0$53,097,106
99$102,434,250$2,514,290$0$58,274,948
100$112,641,961$2,396,908$0$63,976,348