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

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$170,939$169,416$167,930$166,481$165,065$161,402
2 years$84,623$83,047$81,520$80,039$78,602$74,931
3 years$55,855$54,272$52,749$51,282$49,868$46,304
4 years$41,474$39,896$38,387$36,945$35,567$32,136
5 years$32,847$31,279$29,790$28,378$27,037$23,750
6 years$27,098$25,541$24,075$22,694$21,394$18,253
7 years$22,993$21,450$20,006$18,658$17,399$14,405
8 years$19,916$18,386$16,967$15,652$14,434$11,587
9 years$17,524$16,009$14,614$13,332$12,155$9,453
10 years$15,611$14,111$12,741$11,492$10,357$7,796
11 years$14,047$12,562$11,217$10,002$8,907$6,484
12 years$12,745$11,275$9,954$8,773$7,719$5,430
13 years$11,644$10,189$8,894$7,745$6,731$4,572
14 years$10,701$9,262$7,991$6,875$5,900$3,867
15 years$9,885$8,461$7,215$6,131$5,195$3,283
16 years$9,171$7,763$6,541$5,490$4,592$2,795
17 years$8,542$7,149$5,952$4,933$4,071$2,386
18 years$7,983$6,606$5,434$4,445$3,620$2,042
19 years$7,484$6,122$4,974$4,017$3,226$1,750
20 years$7,035$5,689$4,565$3,638$2,882$1,502
21 years$6,630$5,299$4,199$3,302$2,579$1,292
22 years$6,262$4,947$3,870$3,002$2,312$1,111
23 years$5,926$4,627$3,573$2,734$2,075$957
24 years$5,619$4,335$3,305$2,494$1,865$825
25 years$5,337$4,068$3,061$2,277$1,678$712
26 years$5,077$3,823$2,839$2,082$1,512$615
27 years$4,836$3,598$2,636$1,906$1,363$531
28 years$4,614$3,391$2,451$1,746$1,230$459
29 years$4,407$3,199$2,280$1,601$1,111$397
30 years$4,214$3,021$2,124$1,470$1,003$343
31 years$4,034$2,856$1,980$1,350$907$297
32 years$3,865$2,702$1,848$1,240$821$257
33 years$3,707$2,559$1,725$1,141$743$222
34 years$3,559$2,425$1,612$1,050$672$192
35 years$3,419$2,300$1,507$966$609$166
36 years$3,288$2,183$1,410$890$552$144
37 years$3,164$2,074$1,320$820$500$125
38 years$3,046$1,971$1,236$756$453$108
39 years$2,935$1,874$1,158$697$411$94
40 years$2,830$1,783$1,085$643$373$81
41 years$2,730$1,697$1,017$593$338$70
42 years$2,635$1,616$954$547$307$61
43 years$2,545$1,540$896$505$279$53
44 years$2,459$1,468$841$466$253$46
45 years$2,378$1,400$789$431$230$40
46 years$2,300$1,335$741$398$208$34
47 years$2,225$1,274$697$368$189$30
48 years$2,154$1,217$655$340$172$26
49 years$2,086$1,162$615$314$156$22
50 years$2,021$1,110$578$290$142$19

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 $5,411 every year, while hoping to spend $37,991 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: 39/46/15 Blend
54$2,070,000$2,070,000$2,070,000$2,070,000
55$2,286,721$2,177,011$2,144,926$2,365,424
56$2,479,545$2,243,263$2,176,359$2,488,235
57$2,690,763$2,311,487$2,207,572$2,616,858
58$2,922,212$2,381,741$2,238,517$2,755,116
59$3,175,914$2,454,083$2,269,143$2,903,899
60$3,454,096$2,528,572$2,299,399$3,064,185
61$3,759,212$2,605,270$2,329,226$3,237,048
62$4,093,962$2,684,238$2,358,566$3,423,671
63$4,461,323$2,765,543$2,387,355$3,625,354
64$4,864,572$2,849,249$2,415,526$3,843,528
65$5,307,322$2,935,426$2,443,009$4,079,767
66$5,793,548$3,024,141$2,469,729$4,335,802
67$6,327,634$3,115,467$2,495,609$4,613,539
68$6,914,405$3,209,478$2,520,564$4,915,074
69$7,559,179$3,306,247$2,544,508$5,242,717
70$8,267,815$3,405,853$2,567,348$5,599,007
71$9,046,766$3,508,373$2,588,988$5,986,742
72$9,903,142$3,613,890$2,609,326$6,409,001
73$10,844,777$3,722,486$2,628,253$6,869,174
74$11,880,302$3,834,245$2,645,657$7,370,993
75$13,019,226$3,949,255$2,661,419$7,918,570
76$14,272,024$4,067,606$2,675,414$8,516,431
77$15,650,239$4,189,388$2,687,509$9,169,560
78$17,166,591$4,314,695$2,697,568$9,883,447
79$18,835,091$4,443,623$2,705,445$10,664,139
80$20,671,180$4,576,270$2,710,987$11,518,294
81$22,691,870$4,712,737$2,714,034$12,453,250
82$24,915,905$4,853,125$2,714,419$13,477,085
83$27,363,940$4,997,541$2,711,964$14,598,699
84$30,058,733$5,146,091$2,706,486$15,827,897
85$33,025,360$5,298,886$2,697,790$17,175,480
86$36,291,453$5,456,038$2,685,672$18,653,346
87$39,887,459$5,617,662$2,669,920$20,274,603
88$43,846,928$5,783,876$2,650,310$22,053,692
89$48,206,827$5,954,798$2,626,608$24,006,524
90$53,007,893$6,130,552$2,598,569$26,150,626
91$58,295,012$6,311,264$2,565,935$28,505,312
92$64,117,647$6,497,060$2,528,438$31,091,859
93$70,530,303$6,688,071$2,485,796$33,933,712
94$77,593,038$6,884,431$2,437,714$37,056,702
95$85,372,034$7,086,274$2,383,884$40,489,290
96$93,940,219$7,293,740$2,323,982$44,262,836
97$103,377,957$7,506,968$2,257,671$48,411,895
98$113,773,803$7,726,104$2,184,598$52,974,542
99$125,225,342$7,951,294$2,104,392$57,992,728
100$137,840,105$8,182,686$2,016,668$63,512,683