Can I retire at age 55 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$170,939$169,416$167,930$166,481$165,065$159,526
2 years$84,623$83,047$81,520$80,039$78,602$73,076
3 years$55,855$54,272$52,749$51,282$49,868$44,529
4 years$41,474$39,896$38,387$36,945$35,567$30,455
5 years$32,847$31,279$29,790$28,378$27,037$22,167
6 years$27,098$25,541$24,075$22,694$21,394$16,768
7 years$22,993$21,450$20,006$18,658$17,399$13,018
8 years$19,916$18,386$16,967$15,652$14,434$10,294
9 years$17,524$16,009$14,614$13,332$12,155$8,251
10 years$15,611$14,111$12,741$11,492$10,357$6,683
11 years$14,047$12,562$11,217$10,002$8,907$5,456
12 years$12,745$11,275$9,954$8,773$7,719$4,482
13 years$11,644$10,189$8,894$7,745$6,731$3,701
14 years$10,701$9,262$7,991$6,875$5,900$3,068
15 years$9,885$8,461$7,215$6,131$5,195$2,552
16 years$9,171$7,763$6,541$5,490$4,592$2,129
17 years$8,542$7,149$5,952$4,933$4,071$1,779
18 years$7,983$6,606$5,434$4,445$3,620$1,490
19 years$7,484$6,122$4,974$4,017$3,226$1,250
20 years$7,035$5,689$4,565$3,638$2,882$1,049
21 years$6,630$5,299$4,199$3,302$2,579$882
22 years$6,262$4,947$3,870$3,002$2,312$742
23 years$5,926$4,627$3,573$2,734$2,075$625
24 years$5,619$4,335$3,305$2,494$1,865$527
25 years$5,337$4,068$3,061$2,277$1,678$444
26 years$5,077$3,823$2,839$2,082$1,512$374
27 years$4,836$3,598$2,636$1,906$1,363$316
28 years$4,614$3,391$2,451$1,746$1,230$266
29 years$4,407$3,199$2,280$1,601$1,111$225
30 years$4,214$3,021$2,124$1,470$1,003$190
31 years$4,034$2,856$1,980$1,350$907$160
32 years$3,865$2,702$1,848$1,240$821$135
33 years$3,707$2,559$1,725$1,141$743$114
34 years$3,559$2,425$1,612$1,050$672$97
35 years$3,419$2,300$1,507$966$609$82
36 years$3,288$2,183$1,410$890$552$69
37 years$3,164$2,074$1,320$820$500$58
38 years$3,046$1,971$1,236$756$453$49
39 years$2,935$1,874$1,158$697$411$42
40 years$2,830$1,783$1,085$643$373$35
41 years$2,730$1,697$1,017$593$338$30
42 years$2,635$1,616$954$547$307$25
43 years$2,545$1,540$896$505$279$21
44 years$2,459$1,468$841$466$253$18
45 years$2,378$1,400$789$431$230$15
46 years$2,300$1,335$741$398$208$13
47 years$2,225$1,274$697$368$189$11
48 years$2,154$1,217$655$340$172$9
49 years$2,086$1,162$615$314$156$8
50 years$2,021$1,110$578$290$142$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,070,000, adding $3,284 every year, while hoping to spend $59,355 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: 39/48/13 Blend
54$2,070,000$2,070,000$2,070,000$2,070,000
55$2,284,527$2,174,817$2,142,732$2,364,566
56$2,454,396$2,218,230$2,151,361$2,465,092
57$2,639,602$2,261,781$2,158,289$2,567,684
58$2,841,647$2,305,414$2,163,397$2,677,314
59$3,062,183$2,349,068$2,166,559$2,794,645
60$3,303,032$2,392,677$2,167,645$2,920,409
61$3,566,194$2,436,172$2,166,514$3,055,412
62$3,853,876$2,479,475$2,163,023$3,200,544
63$4,168,506$2,522,503$2,157,018$3,356,786
64$4,512,756$2,565,169$2,148,341$3,525,222
65$4,889,570$2,607,375$2,136,823$3,707,046
66$5,302,190$2,649,019$2,122,290$3,903,576
67$5,754,183$2,689,992$2,104,557$4,116,265
68$6,249,482$2,730,174$2,083,432$4,346,718
69$6,792,416$2,769,438$2,058,713$4,596,705
70$7,387,751$2,807,650$2,030,189$4,868,177
71$8,040,739$2,844,662$1,997,638$5,163,290
72$8,757,165$2,880,321$1,960,829$5,484,419
73$9,543,399$2,914,460$1,919,520$5,834,187
74$10,406,458$2,946,900$1,873,456$6,215,486
75$11,354,072$2,977,454$1,822,373$6,631,508
76$12,394,757$3,005,919$1,765,992$7,085,774
77$13,537,893$3,032,080$1,704,023$7,582,167
78$14,793,813$3,055,707$1,636,163$8,124,974
79$16,173,901$3,076,556$1,562,094$8,718,921
80$17,690,698$3,094,366$1,481,483$9,369,222
81$19,358,021$3,108,862$1,393,985$10,081,631
82$21,191,092$3,119,749$1,299,235$10,862,492
83$23,206,680$3,126,713$1,196,857$11,718,804
84$25,423,262$3,129,423$1,086,452$12,658,289
85$27,861,195$3,127,524$967,608$13,689,461
86$30,542,907$3,120,643$839,893$14,821,714
87$33,493,109$3,108,381$702,855$16,065,407
88$36,739,029$3,090,314$556,024$17,431,966
89$40,310,666$3,065,996$398,907$18,933,993
90$44,241,074$3,034,949$230,990$20,585,386
91$48,566,674$2,996,672$51,738$22,401,471
92$53,327,594$2,950,628$0$24,399,153
93$58,568,052$2,896,253$0$26,616,428
94$64,336,770$2,832,946$0$29,063,414
95$70,687,433$2,760,073$0$31,755,677
96$77,679,195$2,676,960$0$34,718,303
97$85,377,239$2,582,897$0$37,978,947
98$93,853,389$2,477,130$0$41,568,097
99$103,186,787$2,358,862$0$45,519,367
100$113,464,643$2,227,250$0$49,869,811