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

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$171,764$170,234$168,742$167,285$165,862$160,940
2 years$85,032$83,448$81,913$80,425$78,982$74,063
3 years$56,125$54,534$53,003$51,529$50,109$45,349
4 years$41,674$40,089$38,573$37,124$35,738$31,172
5 years$33,006$31,430$29,934$28,515$27,168$22,809
6 years$27,229$25,665$24,191$22,803$21,497$17,349
7 years$23,104$21,553$20,103$18,748$17,483$13,545
8 years$20,012$18,475$17,049$15,727$14,504$10,774
9 years$17,609$16,086$14,684$13,396$12,214$8,689
10 years$15,687$14,179$12,802$11,548$10,407$7,082
11 years$14,115$12,623$11,271$10,050$8,950$5,819
12 years$12,807$11,329$10,003$8,815$7,756$4,813
13 years$11,700$10,239$8,937$7,782$6,764$4,001
14 years$10,753$9,307$8,030$6,908$5,929$3,340
15 years$9,932$8,502$7,250$6,161$5,220$2,798
16 years$9,215$7,800$6,573$5,517$4,614$2,350
17 years$8,583$7,184$5,981$4,957$4,091$1,979
18 years$8,022$6,638$5,460$4,467$3,637$1,670
19 years$7,520$6,152$4,998$4,036$3,242$1,411
20 years$7,069$5,717$4,587$3,656$2,896$1,194
21 years$6,662$5,325$4,219$3,318$2,591$1,011
22 years$6,292$4,971$3,889$3,016$2,323$858
23 years$5,955$4,649$3,591$2,747$2,085$728
24 years$5,646$4,356$3,321$2,506$1,874$618
25 years$5,363$4,088$3,076$2,288$1,686$525
26 years$5,101$3,842$2,852$2,092$1,519$447
27 years$4,860$3,616$2,649$1,915$1,370$380
28 years$4,636$3,407$2,462$1,755$1,236$323
29 years$4,428$3,214$2,291$1,609$1,116$275
30 years$4,234$3,035$2,134$1,477$1,008$234
31 years$4,053$2,869$1,990$1,356$912$199
32 years$3,884$2,715$1,857$1,246$825$170
33 years$3,725$2,571$1,733$1,146$746$145
34 years$3,576$2,437$1,620$1,055$676$123
35 years$3,436$2,311$1,514$971$612$105
36 years$3,304$2,194$1,417$894$554$89
37 years$3,179$2,084$1,326$824$503$76
38 years$3,061$1,980$1,242$759$456$65
39 years$2,949$1,883$1,163$700$413$55
40 years$2,844$1,791$1,090$646$375$47
41 years$2,743$1,705$1,022$596$340$40
42 years$2,648$1,624$959$550$309$34
43 years$2,558$1,547$900$508$280$29
44 years$2,471$1,475$845$469$254$25
45 years$2,389$1,407$793$433$231$21
46 years$2,311$1,342$745$400$209$18
47 years$2,236$1,280$700$369$190$15
48 years$2,165$1,222$658$341$173$13
49 years$2,096$1,167$618$315$157$11
50 years$2,031$1,115$581$292$143$10

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 $2,500 every year, while hoping to spend $50,588 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: 41/41/18 Blend
54$2,080,000$2,080,000$2,080,000$2,080,000
55$2,294,739$2,184,499$2,152,259$2,376,549
56$2,474,977$2,237,714$2,170,534$2,488,104
57$2,671,904$2,291,841$2,187,726$2,603,672
58$2,887,168$2,346,872$2,203,746$2,727,700
59$3,122,586$2,402,795$2,218,497$2,860,985
60$3,380,155$2,459,597$2,231,883$3,004,407
61$3,662,077$2,517,264$2,243,797$3,158,933
62$3,970,775$2,575,776$2,254,130$3,325,632
63$4,308,918$2,635,113$2,262,767$3,505,677
64$4,679,445$2,695,251$2,269,588$3,700,365
65$5,085,593$2,756,162$2,274,463$3,911,123
66$5,530,927$2,817,817$2,277,261$4,139,524
67$6,019,372$2,880,181$2,277,840$4,387,300
68$6,555,254$2,943,216$2,276,054$4,656,363
69$7,143,336$3,006,880$2,271,748$4,948,817
70$7,788,865$3,071,126$2,264,760$5,266,984
71$8,497,621$3,135,903$2,254,921$5,613,421
72$9,275,970$3,201,154$2,242,052$5,990,948
73$10,130,925$3,266,817$2,225,968$6,402,672
74$11,070,214$3,332,825$2,206,472$6,852,020
75$12,102,347$3,399,104$2,183,360$7,342,766
76$13,236,701$3,465,575$2,156,417$7,879,073
77$14,483,606$3,532,150$2,125,419$8,465,531
78$15,854,444$3,598,736$2,090,130$9,107,197
79$17,361,753$3,665,229$2,050,305$9,809,647
80$19,019,347$3,731,521$2,005,686$10,579,027
81$20,842,447$3,797,492$1,956,002$11,422,113
82$22,847,821$3,863,013$1,900,973$12,346,375
83$25,053,946$3,927,948$1,840,303$13,360,045
84$27,481,179$3,992,148$1,773,683$14,472,202
85$30,151,949$4,055,453$1,700,792$15,692,851
86$33,090,969$4,117,692$1,621,290$17,033,021
87$36,325,471$4,178,682$1,534,826$18,504,872
88$39,885,458$4,238,226$1,441,031$20,121,807
89$43,803,989$4,296,113$1,339,520$21,898,601
90$48,117,491$4,352,118$1,229,890$23,851,541
91$52,866,104$4,406,001$1,111,720$25,998,581
92$58,094,056$4,457,504$984,572$28,359,513
93$63,850,080$4,506,352$847,985$30,956,152
94$70,187,878$4,552,253$701,482$33,812,545
95$77,166,621$4,594,893$544,561$36,955,202
96$84,851,512$4,633,939$376,700$40,413,342
97$93,314,400$4,669,035$197,353$44,219,174
98$102,634,456$4,699,805$5,952$48,408,199
99$112,898,920$4,725,845$0$53,019,553
100$124,203,926$4,746,727$0$58,134,458