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

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$172,590$171,053$169,553$168,089$166,660$162,697
2 years$85,441$83,849$82,307$80,812$79,362$75,392
3 years$56,395$54,797$53,258$51,777$50,350$46,499
4 years$41,874$40,281$38,758$37,302$35,910$32,206
5 years$33,165$31,581$30,078$28,652$27,298$23,751
6 years$27,360$25,788$24,308$22,913$21,600$18,214
7 years$23,215$21,657$20,200$18,838$17,567$14,343
8 years$20,108$18,564$17,131$15,803$14,573$11,509
9 years$17,693$16,163$14,755$13,461$12,273$9,367
10 years$15,762$14,247$12,864$11,603$10,457$7,706
11 years$14,183$12,683$11,325$10,098$8,993$6,393
12 years$12,868$11,384$10,051$8,857$7,794$5,339
13 years$11,757$10,288$8,980$7,820$6,796$4,484
14 years$10,804$9,351$8,068$6,942$5,957$3,782
15 years$9,980$8,543$7,284$6,191$5,245$3,202
16 years$9,259$7,838$6,604$5,543$4,636$2,719
17 years$8,624$7,218$6,010$4,980$4,111$2,314
18 years$8,060$6,670$5,486$4,488$3,655$1,974
19 years$7,556$6,182$5,022$4,056$3,258$1,687
20 years$7,103$5,744$4,609$3,673$2,910$1,444
21 years$6,694$5,351$4,240$3,334$2,604$1,238
22 years$6,322$4,995$3,907$3,031$2,334$1,062
23 years$5,983$4,671$3,608$2,760$2,095$912
24 years$5,673$4,377$3,337$2,518$1,883$784
25 years$5,388$4,107$3,090$2,299$1,695$674
26 years$5,126$3,860$2,866$2,102$1,526$580
27 years$4,883$3,633$2,662$1,924$1,376$499
28 years$4,658$3,423$2,474$1,763$1,242$430
29 years$4,449$3,229$2,302$1,617$1,121$370
30 years$4,254$3,050$2,145$1,484$1,013$319
31 years$4,072$2,883$1,999$1,363$916$275
32 years$3,902$2,728$1,865$1,252$829$237
33 years$3,743$2,584$1,742$1,152$750$205
34 years$3,593$2,449$1,627$1,060$679$177
35 years$3,452$2,322$1,522$975$615$152
36 years$3,319$2,204$1,423$898$557$131
37 years$3,194$2,094$1,332$828$505$113
38 years$3,076$1,990$1,248$763$458$98
39 years$2,964$1,892$1,169$703$415$84
40 years$2,857$1,800$1,096$649$377$73
41 years$2,757$1,714$1,027$599$342$63
42 years$2,661$1,632$964$552$310$54
43 years$2,570$1,555$904$510$281$47
44 years$2,483$1,482$849$471$255$41
45 years$2,401$1,413$797$435$232$35
46 years$2,322$1,348$749$402$210$30
47 years$2,247$1,287$703$371$191$26
48 years$2,175$1,228$661$343$174$23
49 years$2,106$1,173$621$317$158$19
50 years$2,041$1,120$584$293$143$17

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 $5,318 every year, while hoping to spend $43,829 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: 42/30/28 Blend
54$2,090,000$2,090,000$2,090,000$2,090,000
55$2,308,666$2,197,896$2,165,501$2,386,506
56$2,497,516$2,258,959$2,191,411$2,504,116
57$2,704,160$2,321,545$2,216,721$2,626,877
58$2,930,366$2,385,683$2,241,363$2,758,991
59$3,178,082$2,451,400$2,265,268$2,901,348
60$3,449,454$2,518,726$2,288,361$3,054,927
61$3,746,842$2,587,687$2,310,565$3,220,809
62$4,072,848$2,658,313$2,331,798$3,400,183
63$4,430,338$2,730,629$2,351,972$3,594,358
64$4,822,467$2,804,664$2,370,997$3,804,777
65$5,252,710$2,880,444$2,388,777$4,033,030
66$5,724,896$2,957,995$2,405,210$4,280,867
67$6,243,241$3,037,343$2,420,191$4,550,218
68$6,812,392$3,118,513$2,433,608$4,843,209
69$7,437,465$3,201,529$2,445,343$5,162,181
70$8,124,097$3,286,415$2,455,272$5,509,716
71$8,878,498$3,373,192$2,463,267$5,888,657
72$9,707,508$3,461,882$2,469,190$6,302,137
73$10,618,665$3,552,505$2,472,899$6,753,611
74$11,620,271$3,645,080$2,474,243$7,246,883
75$12,721,473$3,739,624$2,473,065$7,786,148
76$13,932,351$3,836,153$2,469,199$8,376,026
77$15,264,006$3,934,679$2,462,473$9,021,612
78$16,728,672$4,035,217$2,452,704$9,728,519
79$18,339,829$4,137,774$2,439,701$10,502,933
80$20,112,325$4,242,359$2,423,265$11,351,673
81$22,062,524$4,348,976$2,403,186$12,282,251
82$24,208,453$4,457,628$2,379,245$13,302,951
83$26,569,977$4,568,314$2,351,211$14,422,900
84$29,168,983$4,681,029$2,318,845$15,652,156
85$32,029,587$4,795,767$2,281,894$17,001,808
86$35,178,361$4,912,516$2,240,094$18,484,073
87$38,644,586$5,031,261$2,193,169$20,112,420
88$42,460,524$5,151,983$2,140,830$21,901,691
89$46,661,724$5,274,657$2,082,775$23,868,245
90$51,287,359$5,399,254$2,018,687$26,030,112
91$56,380,592$5,525,740$1,948,235$28,407,164
92$61,988,986$5,654,075$1,871,074$31,021,302
93$68,164,949$5,784,211$1,786,842$33,896,664
94$74,966,232$5,916,096$1,695,160$37,059,853
95$82,456,473$6,049,670$1,595,633$40,540,190
96$90,705,795$6,184,865$1,487,848$44,369,990
97$99,791,468$6,321,605$1,371,373$48,584,870
98$109,798,641$6,459,807$1,245,757$53,224,082
99$120,821,141$6,599,377$1,110,529$58,330,888
100$132,962,363$6,740,212$965,197$63,952,968