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%17.9%
1 years$172,590$171,053$169,553$168,089$166,660$161,325
2 years$85,441$83,849$82,307$80,812$79,362$74,036
3 years$56,395$54,797$53,258$51,777$50,350$45,201
4 years$41,874$40,281$38,758$37,302$35,910$30,977
5 years$33,165$31,581$30,078$28,652$27,298$22,594
6 years$27,360$25,788$24,308$22,913$21,600$17,129
7 years$23,215$21,657$20,200$18,838$17,567$13,328
8 years$20,108$18,564$17,131$15,803$14,573$10,564
9 years$17,693$16,163$14,755$13,461$12,273$8,489
10 years$15,762$14,247$12,864$11,603$10,457$6,892
11 years$14,183$12,683$11,325$10,098$8,993$5,642
12 years$12,868$11,384$10,051$8,857$7,794$4,647
13 years$11,757$10,288$8,980$7,820$6,796$3,848
14 years$10,804$9,351$8,068$6,942$5,957$3,199
15 years$9,980$8,543$7,284$6,191$5,245$2,668
16 years$9,259$7,838$6,604$5,543$4,636$2,232
17 years$8,624$7,218$6,010$4,980$4,111$1,871
18 years$8,060$6,670$5,486$4,488$3,655$1,572
19 years$7,556$6,182$5,022$4,056$3,258$1,322
20 years$7,103$5,744$4,609$3,673$2,910$1,114
21 years$6,694$5,351$4,240$3,334$2,604$939
22 years$6,322$4,995$3,907$3,031$2,334$793
23 years$5,983$4,671$3,608$2,760$2,095$669
24 years$5,673$4,377$3,337$2,518$1,883$566
25 years$5,388$4,107$3,090$2,299$1,695$478
26 years$5,126$3,860$2,866$2,102$1,526$405
27 years$4,883$3,633$2,662$1,924$1,376$343
28 years$4,658$3,423$2,474$1,763$1,242$290
29 years$4,449$3,229$2,302$1,617$1,121$246
30 years$4,254$3,050$2,145$1,484$1,013$208
31 years$4,072$2,883$1,999$1,363$916$176
32 years$3,902$2,728$1,865$1,252$829$149
33 years$3,743$2,584$1,742$1,152$750$127
34 years$3,593$2,449$1,627$1,060$679$107
35 years$3,452$2,322$1,522$975$615$91
36 years$3,319$2,204$1,423$898$557$77
37 years$3,194$2,094$1,332$828$505$65
38 years$3,076$1,990$1,248$763$458$55
39 years$2,964$1,892$1,169$703$415$47
40 years$2,857$1,800$1,096$649$377$40
41 years$2,757$1,714$1,027$599$342$34
42 years$2,661$1,632$964$552$310$29
43 years$2,570$1,555$904$510$281$24
44 years$2,483$1,482$849$471$255$21
45 years$2,401$1,413$797$435$232$17
46 years$2,322$1,348$749$402$210$15
47 years$2,247$1,287$703$371$191$13
48 years$2,175$1,228$661$343$174$11
49 years$2,106$1,173$621$317$158$9
50 years$2,041$1,120$584$293$143$8

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 $6,988 every year, while hoping to spend $53,383 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: 54/31/15 Blend
54$2,090,000$2,090,000$2,090,000$2,090,000
55$2,310,388$2,199,618$2,167,223$2,425,591
56$2,489,249$2,250,600$2,183,026$2,555,875
57$2,684,564$2,302,291$2,197,569$2,691,302
58$2,897,955$2,354,670$2,210,754$2,837,503
59$3,131,209$2,407,711$2,222,477$2,995,517
60$3,386,292$2,461,388$2,232,629$3,166,488
61$3,665,367$2,515,669$2,241,095$3,351,677
62$3,970,818$2,570,521$2,247,756$3,552,472
63$4,305,271$2,625,906$2,252,485$3,770,404
64$4,671,615$2,681,781$2,255,149$4,007,158
65$5,073,032$2,738,102$2,255,609$4,264,593
66$5,513,029$2,794,817$2,253,720$4,544,755
67$5,995,466$2,851,871$2,249,328$4,849,899
68$6,524,595$2,909,204$2,242,272$5,182,513
69$7,105,100$2,966,750$2,232,384$5,545,336
70$7,742,138$3,024,439$2,219,486$5,941,387
71$8,441,392$3,082,193$2,203,395$6,373,993
72$9,209,121$3,139,927$2,183,916$6,846,823
73$10,052,219$3,197,552$2,160,845$7,363,917
74$10,978,283$3,254,969$2,133,970$7,929,733
75$11,995,678$3,312,072$2,103,069$8,549,178
76$13,113,622$3,368,749$2,067,906$9,227,667
77$14,342,269$3,424,875$2,028,239$9,971,163
78$15,692,807$3,480,321$1,983,812$10,786,243
79$17,177,560$3,534,943$1,934,356$11,680,152
80$18,810,106$3,588,590$1,879,592$12,660,878
81$20,605,406$3,641,100$1,819,227$13,737,226
82$22,579,942$3,692,298$1,752,956$14,918,901
83$24,751,872$3,741,998$1,680,456$16,216,598
84$27,141,207$3,789,999$1,601,395$17,642,107
85$29,769,989$3,836,088$1,515,421$19,208,424
86$32,662,510$3,880,038$1,422,169$20,929,871
87$35,845,531$3,921,605$1,321,257$22,822,238
88$39,348,540$3,960,529$1,212,284$24,902,926
89$43,204,030$3,996,533$1,094,834$27,191,114
90$47,447,800$4,029,323$968,471$29,707,946
91$52,119,300$4,058,583$832,738$32,476,722
92$57,261,994$4,083,980$687,161$35,523,126
93$62,923,780$4,105,157$531,243$38,875,468
94$69,157,430$4,121,735$364,465$42,564,949
95$76,021,099$4,133,311$186,286$46,625,962
96$83,578,865$4,139,457$0$51,096,410
97$91,901,338$4,139,718$0$56,018,692
98$101,066,321$4,133,611$0$61,470,095
99$111,159,550$4,120,623$0$67,471,626
100$122,275,499$4,100,209$0$74,079,325