Can I retire at age 55 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$173,416$171,871$170,364$168,893$167,457$163,741
2 years$85,850$84,251$82,701$81,199$79,741$76,017
3 years$56,665$55,059$53,513$52,025$50,591$46,975
4 years$42,075$40,474$38,944$37,481$36,082$32,601
5 years$33,323$31,732$30,222$28,789$27,429$24,094
6 years$27,491$25,912$24,424$23,023$21,704$18,517
7 years$23,327$21,761$20,296$18,928$17,651$14,614
8 years$20,205$18,653$17,213$15,878$14,643$11,755
9 years$17,778$16,241$14,825$13,525$12,332$9,590
10 years$15,837$14,315$12,925$11,659$10,507$7,908
11 years$14,251$12,744$11,379$10,146$9,037$6,578
12 years$12,930$11,438$10,099$8,900$7,831$5,508
13 years$11,813$10,337$9,023$7,857$6,829$4,638
14 years$10,856$9,396$8,107$6,975$5,986$3,923
15 years$10,028$8,583$7,319$6,220$5,271$3,330
16 years$9,304$7,875$6,636$5,570$4,658$2,836
17 years$8,666$7,253$6,039$5,004$4,130$2,421
18 years$8,099$6,702$5,512$4,510$3,672$2,071
19 years$7,592$6,211$5,046$4,075$3,273$1,775
20 years$7,137$5,772$4,631$3,691$2,924$1,524
21 years$6,726$5,376$4,260$3,350$2,616$1,310
22 years$6,352$5,018$3,926$3,045$2,345$1,128
23 years$6,012$4,694$3,625$2,774$2,105$971
24 years$5,700$4,398$3,353$2,530$1,892$837
25 years$5,414$4,127$3,105$2,310$1,703$722
26 years$5,150$3,879$2,880$2,112$1,534$624
27 years$4,906$3,650$2,674$1,934$1,383$539
28 years$4,680$3,440$2,486$1,772$1,248$465
29 years$4,470$3,245$2,313$1,625$1,127$402
30 years$4,275$3,064$2,155$1,491$1,018$348
31 years$4,092$2,897$2,009$1,369$920$301
32 years$3,921$2,741$1,874$1,258$833$260
33 years$3,761$2,596$1,750$1,157$753$225
34 years$3,610$2,460$1,635$1,065$682$195
35 years$3,469$2,334$1,529$980$618$169
36 years$3,335$2,215$1,430$903$560$146
37 years$3,209$2,104$1,339$832$507$127
38 years$3,090$1,999$1,254$767$460$110
39 years$2,978$1,901$1,174$707$417$95
40 years$2,871$1,809$1,101$652$378$82
41 years$2,770$1,722$1,032$602$343$71
42 years$2,674$1,640$968$555$311$62
43 years$2,582$1,562$909$512$283$53
44 years$2,495$1,489$853$473$257$46
45 years$2,412$1,420$801$437$233$40
46 years$2,333$1,355$752$404$211$35
47 years$2,258$1,293$707$373$192$30
48 years$2,185$1,234$664$345$174$26
49 years$2,116$1,179$624$318$158$23
50 years$2,050$1,126$587$294$144$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,100,000, adding $6,653 every year, while hoping to spend $44,590 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: 73/8/19 Blend
54$2,100,000$2,100,000$2,100,000$2,100,000
55$2,321,063$2,209,763$2,177,213$2,479,592
56$2,510,368$2,270,598$2,202,706$2,646,594
57$2,717,487$2,332,919$2,227,559$2,823,450
58$2,944,191$2,396,753$2,251,702$3,016,053
59$3,192,429$2,462,124$2,275,065$3,225,959
60$3,464,347$2,529,058$2,297,570$3,454,881
61$3,762,309$2,597,580$2,319,137$3,704,709
62$4,088,918$2,667,715$2,339,681$3,977,520
63$4,447,041$2,739,486$2,359,114$4,275,607
64$4,839,836$2,812,918$2,377,340$4,601,493
65$5,270,780$2,888,032$2,394,262$4,957,959
66$5,743,705$2,964,850$2,409,775$5,348,069
67$6,262,830$3,043,396$2,423,770$5,775,197
68$6,832,804$3,123,687$2,436,132$6,243,062
69$7,458,747$3,205,745$2,446,740$6,755,761
70$8,146,300$3,289,587$2,455,466$7,317,809
71$8,901,676$3,375,231$2,462,177$7,934,179
72$9,731,721$3,462,691$2,466,734$8,610,353
73$10,643,975$3,551,982$2,468,989$9,352,370
74$11,646,748$3,643,116$2,468,787$10,166,883
75$12,749,192$3,736,104$2,465,967$11,061,226
76$13,961,390$3,830,954$2,460,358$12,043,478
77$15,294,455$3,927,673$2,451,782$13,122,543
78$16,760,625$4,026,265$2,440,053$14,308,232
79$18,373,388$4,126,732$2,424,974$15,611,356
80$20,147,603$4,229,071$2,406,340$17,043,829
81$22,099,642$4,333,279$2,383,936$18,618,779
82$24,247,544$4,439,348$2,357,537$20,350,672
83$26,611,185$4,547,267$2,326,905$22,255,452
84$29,212,464$4,657,022$2,291,795$24,350,686
85$32,075,513$4,768,593$2,251,947$26,655,734
86$35,226,919$4,881,958$2,207,091$29,191,931
87$38,695,979$4,997,088$2,156,943$31,982,786
88$42,514,974$5,113,951$2,101,206$35,054,209
89$46,719,475$5,232,508$2,039,570$38,434,750
90$51,348,676$5,352,716$1,971,710$42,155,872
91$56,445,766$5,474,524$1,897,288$46,252,249
92$62,058,334$5,597,875$1,815,947$50,762,089
93$68,238,820$5,722,707$1,727,317$55,727,502
94$75,045,007$5,848,947$1,631,009$61,194,889
95$82,540,569$5,976,517$1,526,619$67,215,387
96$90,795,669$6,105,328$1,413,723$73,845,350
97$99,887,622$6,235,283$1,291,877$81,146,880
98$109,901,624$6,366,277$1,160,620$89,188,414
99$120,931,556$6,498,191$1,019,467$98,045,372
100$133,080,870$6,630,898$867,915$107,800,868