Can I retire at age 55 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$169,287$167,779$166,308$164,872$163,470$157,170
2 years$83,805$82,245$80,732$79,265$77,843$71,571
3 years$55,315$53,748$52,239$50,786$49,387$43,340
4 years$41,073$39,510$38,017$36,589$35,223$29,448
5 years$32,530$30,977$29,502$28,104$26,776$21,287
6 years$26,836$25,295$23,842$22,475$21,187$15,988
7 years$22,771$21,242$19,813$18,478$17,231$12,320
8 years$19,724$18,209$16,803$15,500$14,294$9,668
9 years$17,355$15,854$14,472$13,203$12,038$7,688
10 years$15,460$13,974$12,617$11,381$10,257$6,175
11 years$13,912$12,441$11,108$9,905$8,821$4,999
12 years$12,622$11,166$9,858$8,688$7,644$4,072
13 years$11,532$10,091$8,808$7,670$6,666$3,332
14 years$10,598$9,172$7,914$6,809$5,843$2,738
15 years$9,789$8,379$7,145$6,072$5,145$2,256
16 years$9,082$7,688$6,478$5,437$4,547$1,864
17 years$8,459$7,080$5,895$4,885$4,032$1,543
18 years$7,906$6,542$5,381$4,402$3,585$1,280
19 years$7,412$6,063$4,926$3,978$3,195$1,063
20 years$6,967$5,634$4,521$3,603$2,854$884
21 years$6,566$5,248$4,158$3,270$2,554$735
22 years$6,201$4,899$3,833$2,973$2,289$612
23 years$5,869$4,582$3,539$2,708$2,055$510
24 years$5,565$4,293$3,273$2,469$1,847$426
25 years$5,285$4,029$3,031$2,255$1,662$355
26 years$5,028$3,786$2,811$2,062$1,497$296
27 years$4,790$3,563$2,611$1,887$1,350$247
28 years$4,569$3,358$2,427$1,729$1,218$207
29 years$4,364$3,168$2,258$1,586$1,100$173
30 years$4,173$2,992$2,104$1,455$994$144
31 years$3,995$2,828$1,961$1,337$898$120
32 years$3,828$2,676$1,830$1,228$813$101
33 years$3,671$2,534$1,708$1,130$736$84
34 years$3,524$2,402$1,596$1,039$666$70
35 years$3,386$2,278$1,492$957$603$59
36 years$3,256$2,162$1,396$881$546$49
37 years$3,133$2,054$1,307$812$495$41
38 years$3,017$1,952$1,224$748$449$34
39 years$2,907$1,856$1,146$690$407$29
40 years$2,803$1,766$1,075$636$369$24
41 years$2,704$1,681$1,008$587$335$20
42 years$2,610$1,601$945$542$304$17
43 years$2,521$1,525$887$500$276$14
44 years$2,436$1,454$833$462$250$12
45 years$2,355$1,386$782$427$227$10
46 years$2,277$1,322$734$394$206$8
47 years$2,204$1,262$690$364$187$7
48 years$2,133$1,205$648$336$170$6
49 years$2,066$1,150$609$311$155$5
50 years$2,002$1,099$573$287$140$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,050,000, adding $5,840 every year, while hoping to spend $27,396 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: 89/6/5 Blend
54$2,050,000$2,050,000$2,050,000$2,050,000
55$2,265,124$2,156,474$2,124,699$2,466,536
56$2,467,017$2,232,992$2,166,727$2,674,892
57$2,688,586$2,312,341$2,209,245$2,899,481
58$2,931,807$2,394,632$2,252,241$3,145,519
59$3,198,860$2,479,977$2,295,699$3,415,150
60$3,492,145$2,568,497$2,339,606$3,710,734
61$3,814,305$2,660,315$2,383,944$4,034,872
62$4,168,253$2,755,559$2,428,695$4,390,427
63$4,557,198$2,854,365$2,473,840$4,780,553
64$4,984,675$2,956,871$2,519,356$5,208,726
65$5,454,577$3,063,223$2,565,220$5,678,773
66$5,971,196$3,173,573$2,611,407$6,194,910
67$6,539,258$3,288,078$2,657,888$6,761,782
68$7,163,970$3,406,902$2,704,636$7,384,505
69$7,851,071$3,530,216$2,751,617$8,068,716
70$8,606,882$3,658,198$2,798,798$8,820,625
71$9,438,368$3,791,034$2,846,142$9,647,073
72$10,353,204$3,928,917$2,893,610$10,555,596
73$11,359,845$4,072,049$2,941,160$11,554,499
74$12,467,608$4,220,637$2,988,748$12,652,930
75$13,686,758$4,374,902$3,036,325$13,860,969
76$15,028,606$4,535,071$3,083,840$15,189,721
77$16,505,615$4,701,381$3,131,240$16,651,422
78$18,131,517$4,874,079$3,178,467$18,259,553
79$19,921,446$5,053,422$3,225,459$20,028,968
80$21,892,073$5,239,680$3,272,152$21,976,035
81$24,061,771$5,433,131$3,318,476$24,118,785
82$26,450,785$5,634,068$3,364,358$26,477,091
83$29,081,422$5,842,794$3,409,720$29,072,844
84$31,978,262$6,059,626$3,454,481$31,930,170
85$35,168,392$6,284,895$3,498,554$35,075,650
86$38,681,658$6,518,944$3,541,845$38,538,575
87$42,550,949$6,762,135$3,584,259$42,351,218
88$46,812,507$7,014,840$3,625,692$46,549,144
89$51,506,266$7,277,450$3,666,036$51,171,538
90$56,676,233$7,550,373$3,705,176$56,261,583
91$62,370,901$7,834,034$3,742,992$61,866,859
92$68,643,707$8,128,876$3,779,356$68,039,797
93$75,553,534$8,435,360$3,814,134$74,838,172
94$83,165,271$8,753,969$3,847,184$82,325,649
95$91,550,422$9,085,207$3,878,358$90,572,381
96$100,787,780$9,429,597$3,907,498$99,655,672
97$110,964,174$9,787,688$3,934,440$109,660,710
98$122,175,286$10,160,050$3,959,009$120,681,362
99$134,526,553$10,547,281$3,981,024$132,821,070
100$148,134,165$10,950,001$4,000,292$146,193,819