Can I retire at age 55 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$171,764$170,234$168,742$167,285$165,862$163,182
2 years$85,032$83,448$81,913$80,425$78,982$76,289
3 years$56,125$54,534$53,003$51,529$50,109$47,487
4 years$41,674$40,089$38,573$37,124$35,738$33,208
5 years$33,006$31,430$29,934$28,515$27,168$24,736
6 years$27,229$25,665$24,191$22,803$21,497$19,166
7 years$23,104$21,553$20,103$18,748$17,483$15,254
8 years$20,012$18,475$17,049$15,727$14,504$12,377
9 years$17,609$16,086$14,684$13,396$12,214$10,188
10 years$15,687$14,179$12,802$11,548$10,407$8,480
11 years$14,115$12,623$11,271$10,050$8,950$7,120
12 years$12,807$11,329$10,003$8,815$7,756$6,021
13 years$11,700$10,239$8,937$7,782$6,764$5,120
14 years$10,753$9,307$8,030$6,908$5,929$4,375
15 years$9,932$8,502$7,250$6,161$5,220$3,752
16 years$9,215$7,800$6,573$5,517$4,614$3,229
17 years$8,583$7,184$5,981$4,957$4,091$2,787
18 years$8,022$6,638$5,460$4,467$3,637$2,411
19 years$7,520$6,152$4,998$4,036$3,242$2,089
20 years$7,069$5,717$4,587$3,656$2,896$1,814
21 years$6,662$5,325$4,219$3,318$2,591$1,577
22 years$6,292$4,971$3,889$3,016$2,323$1,373
23 years$5,955$4,649$3,591$2,747$2,085$1,197
24 years$5,646$4,356$3,321$2,506$1,874$1,044
25 years$5,363$4,088$3,076$2,288$1,686$911
26 years$5,101$3,842$2,852$2,092$1,519$796
27 years$4,860$3,616$2,649$1,915$1,370$696
28 years$4,636$3,407$2,462$1,755$1,236$609
29 years$4,428$3,214$2,291$1,609$1,116$533
30 years$4,234$3,035$2,134$1,477$1,008$466
31 years$4,053$2,869$1,990$1,356$912$409
32 years$3,884$2,715$1,857$1,246$825$358
33 years$3,725$2,571$1,733$1,146$746$314
34 years$3,576$2,437$1,620$1,055$676$275
35 years$3,436$2,311$1,514$971$612$241
36 years$3,304$2,194$1,417$894$554$211
37 years$3,179$2,084$1,326$824$503$185
38 years$3,061$1,980$1,242$759$456$163
39 years$2,949$1,883$1,163$700$413$143
40 years$2,844$1,791$1,090$646$375$125
41 years$2,743$1,705$1,022$596$340$110
42 years$2,648$1,624$959$550$309$96
43 years$2,558$1,547$900$508$280$84
44 years$2,471$1,475$845$469$254$74
45 years$2,389$1,407$793$433$231$65
46 years$2,311$1,342$745$400$209$57
47 years$2,236$1,280$700$369$190$50
48 years$2,165$1,222$658$341$173$44
49 years$2,096$1,167$618$315$157$39
50 years$2,031$1,115$581$292$143$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,080,000, adding $3,449 every year, while hoping to spend $55,012 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: 74/11/15 Blend
54$2,080,000$2,080,000$2,080,000$2,080,000
55$2,295,718$2,185,478$2,153,238$2,457,794
56$2,471,349$2,234,034$2,166,839$2,614,062
57$2,663,050$2,283,125$2,179,052$2,778,107
58$2,872,403$2,332,720$2,189,772$2,956,379
59$3,101,148$2,382,784$2,198,890$3,150,275
60$3,351,202$2,433,277$2,206,289$3,361,336
61$3,624,674$2,484,157$2,211,849$3,591,259
62$3,923,888$2,535,377$2,215,443$3,841,914
63$4,251,400$2,586,886$2,216,936$4,115,359
64$4,610,027$2,638,628$2,216,188$4,413,864
65$5,002,872$2,690,543$2,213,052$4,739,928
66$5,433,349$2,742,564$2,207,373$5,096,306
67$5,905,221$2,794,620$2,198,990$5,486,031
68$6,422,630$2,846,633$2,187,733$5,912,447
69$6,990,140$2,898,519$2,173,424$6,379,239
70$7,612,776$2,950,189$2,155,876$6,890,465
71$8,296,076$3,001,544$2,134,894$7,450,600
72$9,046,135$3,052,480$2,110,273$8,064,571
73$9,869,673$3,102,884$2,081,799$8,737,811
74$10,774,087$3,152,633$2,049,247$9,476,306
75$11,767,530$3,201,597$2,012,382$10,286,650
76$12,858,980$3,249,638$1,970,959$11,176,113
77$14,058,330$3,296,604$1,924,720$12,152,705
78$15,376,477$3,342,334$1,873,395$13,225,251
79$16,825,427$3,386,658$1,816,703$14,403,480
80$18,418,407$3,429,391$1,754,350$15,698,111
81$20,169,990$3,470,337$1,686,026$17,120,958
82$22,096,231$3,509,285$1,611,410$18,685,040
83$24,214,819$3,546,013$1,530,165$20,404,704
84$26,545,243$3,580,280$1,441,938$22,295,761
85$29,108,977$3,611,833$1,346,362$24,375,636
86$31,929,679$3,640,399$1,243,051$26,663,533
87$35,033,418$3,665,691$1,131,605$29,180,613
88$38,448,916$3,687,399$1,011,604$31,950,199
89$42,207,821$3,705,197$882,607$34,997,994
90$46,345,003$3,718,736$744,159$38,352,323
91$50,898,885$3,727,645$595,780$42,044,403
92$55,911,804$3,731,533$436,972$46,108,636
93$61,430,409$3,729,979$267,212$50,582,936
94$67,506,104$3,722,541$85,956$55,509,085
95$74,195,528$3,708,747$0$60,933,130
96$81,561,093$3,688,097$0$66,923,019
97$89,671,571$3,660,060$0$73,533,276
98$98,602,741$3,624,073$0$80,811,860
99$108,438,109$3,579,540$0$88,826,797
100$119,269,687$3,525,829$0$97,653,051