Can I retire at age 55 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$172,590$171,053$169,553$168,089$166,660$161,003
2 years$85,441$83,849$82,307$80,812$79,362$73,719
3 years$56,395$54,797$53,258$51,777$50,350$44,899
4 years$41,874$40,281$38,758$37,302$35,910$30,693
5 years$33,165$31,581$30,078$28,652$27,298$22,328
6 years$27,360$25,788$24,308$22,913$21,600$16,881
7 years$23,215$21,657$20,200$18,838$17,567$13,098
8 years$20,108$18,564$17,131$15,803$14,573$10,351
9 years$17,693$16,163$14,755$13,461$12,273$8,292
10 years$15,762$14,247$12,864$11,603$10,457$6,712
11 years$14,183$12,683$11,325$10,098$8,993$5,476
12 years$12,868$11,384$10,051$8,857$7,794$4,496
13 years$11,757$10,288$8,980$7,820$6,796$3,709
14 years$10,804$9,351$8,068$6,942$5,957$3,073
15 years$9,980$8,543$7,284$6,191$5,245$2,554
16 years$9,259$7,838$6,604$5,543$4,636$2,129
17 years$8,624$7,218$6,010$4,980$4,111$1,778
18 years$8,060$6,670$5,486$4,488$3,655$1,488
19 years$7,556$6,182$5,022$4,056$3,258$1,247
20 years$7,103$5,744$4,609$3,673$2,910$1,046
21 years$6,694$5,351$4,240$3,334$2,604$879
22 years$6,322$4,995$3,907$3,031$2,334$739
23 years$5,983$4,671$3,608$2,760$2,095$622
24 years$5,673$4,377$3,337$2,518$1,883$523
25 years$5,388$4,107$3,090$2,299$1,695$441
26 years$5,126$3,860$2,866$2,102$1,526$371
27 years$4,883$3,633$2,662$1,924$1,376$313
28 years$4,658$3,423$2,474$1,763$1,242$264
29 years$4,449$3,229$2,302$1,617$1,121$223
30 years$4,254$3,050$2,145$1,484$1,013$188
31 years$4,072$2,883$1,999$1,363$916$159
32 years$3,902$2,728$1,865$1,252$829$134
33 years$3,743$2,584$1,742$1,152$750$113
34 years$3,593$2,449$1,627$1,060$679$95
35 years$3,452$2,322$1,522$975$615$80
36 years$3,319$2,204$1,423$898$557$68
37 years$3,194$2,094$1,332$828$505$57
38 years$3,076$1,990$1,248$763$458$48
39 years$2,964$1,892$1,169$703$415$41
40 years$2,857$1,800$1,096$649$377$35
41 years$2,757$1,714$1,027$599$342$29
42 years$2,661$1,632$964$552$310$25
43 years$2,570$1,555$904$510$281$21
44 years$2,483$1,482$849$471$255$18
45 years$2,401$1,413$797$435$232$15
46 years$2,322$1,348$749$402$210$13
47 years$2,247$1,287$703$371$191$11
48 years$2,175$1,228$661$343$174$9
49 years$2,106$1,173$621$317$158$8
50 years$2,041$1,120$584$293$143$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,090,000, adding $3,896 every year, while hoping to spend $34,606 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: 57/19/24 Blend
54$2,090,000$2,090,000$2,090,000$2,090,000
55$2,307,199$2,196,429$2,164,034$2,423,478
56$2,505,712$2,267,233$2,199,708$2,574,216
57$2,723,315$2,340,347$2,235,418$2,734,418
58$2,961,916$2,415,848$2,271,128$2,908,289
59$3,223,621$2,493,813$2,306,800$3,097,156
60$3,510,746$2,574,326$2,342,394$3,302,483
61$3,825,846$2,657,472$2,377,867$3,525,879
62$4,171,731$2,743,336$2,413,175$3,769,117
63$4,551,499$2,832,012$2,448,268$4,034,149
64$4,968,563$2,923,591$2,483,096$4,323,123
65$5,426,680$3,018,171$2,517,603$4,638,408
66$5,929,993$3,115,852$2,551,734$4,982,608
67$6,483,061$3,216,739$2,585,427$5,358,597
68$7,090,911$3,320,937$2,618,616$5,769,535
69$7,759,079$3,428,558$2,651,235$6,218,906
70$8,493,665$3,539,716$2,683,211$6,710,546
71$9,301,388$3,654,531$2,714,467$7,248,681
72$10,189,651$3,773,125$2,744,924$7,837,965
73$11,166,612$3,895,625$2,774,496$8,483,528
74$12,241,259$4,022,163$2,803,093$9,191,018
75$13,423,492$4,152,874$2,830,622$9,966,660
76$14,724,222$4,287,899$2,856,982$10,817,308
77$16,155,470$4,427,383$2,882,068$11,750,518
78$17,730,481$4,571,478$2,905,770$12,774,612
79$19,463,848$4,720,338$2,927,971$13,898,759
80$21,371,652$4,874,126$2,948,549$15,133,061
81$23,471,610$5,033,008$2,967,375$16,488,649
82$25,783,245$5,197,156$2,984,314$17,977,788
83$28,328,070$5,366,750$2,999,222$19,613,989
84$31,129,787$5,541,975$3,011,949$21,412,143
85$34,214,515$5,723,021$3,022,339$23,388,654
86$37,611,034$5,910,088$3,030,226$25,561,600
87$41,351,057$6,103,380$3,035,437$27,950,897
88$45,469,529$6,303,110$3,037,788$30,578,495
89$50,004,956$6,509,498$3,037,089$33,468,576
90$54,999,769$6,722,771$3,033,139$36,647,789
91$60,500,724$6,943,165$3,025,728$40,145,499
92$66,559,342$7,170,924$3,014,634$43,994,061
93$73,232,397$7,406,301$2,999,626$48,229,132
94$80,582,449$7,649,558$2,980,461$52,889,999
95$88,678,438$7,900,965$2,956,885$58,019,958
96$97,596,329$8,160,803$2,928,632$63,666,716
97$107,419,836$8,429,363$2,895,422$69,882,846
98$118,241,203$8,706,946$2,856,963$76,726,277
99$130,162,083$8,993,864$2,812,948$84,260,849
100$143,294,492$9,290,439$2,763,058$92,556,908