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

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$169,287$167,779$166,308$164,872$163,470$157,108
2 years$83,805$82,245$80,732$79,265$77,843$71,510
3 years$55,315$53,748$52,239$50,786$49,387$43,283
4 years$41,073$39,510$38,017$36,589$35,223$29,394
5 years$32,530$30,977$29,502$28,104$26,776$21,237
6 years$26,836$25,295$23,842$22,475$21,187$15,942
7 years$22,771$21,242$19,813$18,478$17,231$12,277
8 years$19,724$18,209$16,803$15,500$14,294$9,628
9 years$17,355$15,854$14,472$13,203$12,038$7,652
10 years$15,460$13,974$12,617$11,381$10,257$6,143
11 years$13,912$12,441$11,108$9,905$8,821$4,969
12 years$12,622$11,166$9,858$8,688$7,644$4,045
13 years$11,532$10,091$8,808$7,670$6,666$3,308
14 years$10,598$9,172$7,914$6,809$5,843$2,716
15 years$9,789$8,379$7,145$6,072$5,145$2,236
16 years$9,082$7,688$6,478$5,437$4,547$1,846
17 years$8,459$7,080$5,895$4,885$4,032$1,528
18 years$7,906$6,542$5,381$4,402$3,585$1,266
19 years$7,412$6,063$4,926$3,978$3,195$1,050
20 years$6,967$5,634$4,521$3,603$2,854$873
21 years$6,566$5,248$4,158$3,270$2,554$726
22 years$6,201$4,899$3,833$2,973$2,289$604
23 years$5,869$4,582$3,539$2,708$2,055$503
24 years$5,565$4,293$3,273$2,469$1,847$419
25 years$5,285$4,029$3,031$2,255$1,662$349
26 years$5,028$3,786$2,811$2,062$1,497$291
27 years$4,790$3,563$2,611$1,887$1,350$243
28 years$4,569$3,358$2,427$1,729$1,218$203
29 years$4,364$3,168$2,258$1,586$1,100$169
30 years$4,173$2,992$2,104$1,455$994$141
31 years$3,995$2,828$1,961$1,337$898$118
32 years$3,828$2,676$1,830$1,228$813$98
33 years$3,671$2,534$1,708$1,130$736$82
34 years$3,524$2,402$1,596$1,039$666$69
35 years$3,386$2,278$1,492$957$603$57
36 years$3,256$2,162$1,396$881$546$48
37 years$3,133$2,054$1,307$812$495$40
38 years$3,017$1,952$1,224$748$449$33
39 years$2,907$1,856$1,146$690$407$28
40 years$2,803$1,766$1,075$636$369$23
41 years$2,704$1,681$1,008$587$335$19
42 years$2,610$1,601$945$542$304$16
43 years$2,521$1,525$887$500$276$14
44 years$2,436$1,454$833$462$250$11
45 years$2,355$1,386$782$427$227$9
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 $4,071 every year, while hoping to spend $21,628 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: 64/27/9 Blend
54$2,050,000$2,050,000$2,050,000$2,050,000
55$2,263,299$2,154,649$2,122,874$2,403,638
56$2,471,144$2,237,215$2,170,978$2,580,304
57$2,699,463$2,323,102$2,219,969$2,770,275
58$2,950,324$2,412,449$2,269,854$2,977,209
59$3,226,001$2,505,403$2,320,638$3,202,753
60$3,529,002$2,602,116$2,372,328$3,448,718
61$3,862,088$2,702,748$2,424,929$3,717,098
62$4,228,303$2,807,464$2,478,445$4,010,088
63$4,630,998$2,916,438$2,532,882$4,330,100
64$5,073,867$3,029,851$2,588,241$4,679,792
65$5,560,980$3,147,893$2,644,526$5,062,087
66$6,096,821$3,270,760$2,701,738$5,480,204
67$6,686,329$3,398,659$2,759,878$5,937,685
68$7,334,946$3,531,806$2,818,946$6,438,431
69$8,048,672$3,670,425$2,878,941$6,986,734
70$8,834,112$3,814,752$2,939,862$7,587,322
71$9,698,548$3,965,031$3,001,704$8,245,399
72$10,650,003$4,121,520$3,064,464$8,966,695
73$11,697,315$4,284,487$3,128,135$9,757,519
74$12,850,225$4,454,211$3,192,711$10,624,821
75$14,119,465$4,630,984$3,258,184$11,576,252
76$15,516,860$4,815,112$3,324,544$12,620,236
77$17,055,443$5,006,915$3,391,778$13,766,056
78$18,749,570$5,206,726$3,459,875$15,023,930
79$20,615,064$5,414,894$3,528,819$16,405,114
80$22,669,359$5,631,782$3,598,593$17,922,007
81$24,931,666$5,857,772$3,669,178$19,588,265
82$27,423,155$6,093,262$3,740,555$21,418,927
83$30,167,152$6,338,667$3,812,698$23,430,562
84$33,189,362$6,594,422$3,885,584$25,641,420
85$36,518,110$6,860,982$3,959,184$28,071,604
86$40,184,609$7,138,821$4,033,468$30,743,259
87$44,223,252$7,428,437$4,108,403$33,680,781
88$48,671,941$7,730,347$4,183,952$36,911,044
89$53,572,441$8,045,096$4,260,076$40,463,655
90$58,970,774$8,373,250$4,336,733$44,371,230
91$64,917,657$8,715,403$4,413,877$48,669,700
92$71,468,976$9,072,176$4,491,460$53,398,654
93$78,686,315$9,444,216$4,569,427$58,601,705
94$86,637,539$9,832,202$4,647,723$64,326,902
95$95,397,432$10,236,845$4,726,286$70,627,186
96$105,048,405$10,658,885$4,805,051$77,560,883
97$115,681,270$11,099,098$4,883,949$85,192,255
98$127,396,103$11,558,297$4,962,904$93,592,106
99$140,303,182$12,037,330$5,041,838$102,838,447
100$154,524,032$12,537,085$5,120,665$113,017,230