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

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$173,416$171,871$170,364$168,893$167,457$166,332
2 years$85,850$84,251$82,701$81,199$79,741$78,607
3 years$56,665$55,059$53,513$52,025$50,591$49,482
4 years$42,075$40,474$38,944$37,481$36,082$35,007
5 years$33,323$31,732$30,222$28,789$27,429$26,391
6 years$27,491$25,912$24,424$23,023$21,704$20,704
7 years$23,327$21,761$20,296$18,928$17,651$16,691
8 years$20,205$18,653$17,213$15,878$14,643$13,722
9 years$17,778$16,241$14,825$13,525$12,332$11,449
10 years$15,837$14,315$12,925$11,659$10,507$9,663
11 years$14,251$12,744$11,379$10,146$9,037$8,230
12 years$12,930$11,438$10,099$8,900$7,831$7,062
13 years$11,813$10,337$9,023$7,857$6,829$6,096
14 years$10,856$9,396$8,107$6,975$5,986$5,289
15 years$10,028$8,583$7,319$6,220$5,271$4,608
16 years$9,304$7,875$6,636$5,570$4,658$4,029
17 years$8,666$7,253$6,039$5,004$4,130$3,533
18 years$8,099$6,702$5,512$4,510$3,672$3,107
19 years$7,592$6,211$5,046$4,075$3,273$2,738
20 years$7,137$5,772$4,631$3,691$2,924$2,418
21 years$6,726$5,376$4,260$3,350$2,616$2,139
22 years$6,352$5,018$3,926$3,045$2,345$1,895
23 years$6,012$4,694$3,625$2,774$2,105$1,680
24 years$5,700$4,398$3,353$2,530$1,892$1,492
25 years$5,414$4,127$3,105$2,310$1,703$1,326
26 years$5,150$3,879$2,880$2,112$1,534$1,180
27 years$4,906$3,650$2,674$1,934$1,383$1,051
28 years$4,680$3,440$2,486$1,772$1,248$936
29 years$4,470$3,245$2,313$1,625$1,127$835
30 years$4,275$3,064$2,155$1,491$1,018$745
31 years$4,092$2,897$2,009$1,369$920$665
32 years$3,921$2,741$1,874$1,258$833$593
33 years$3,761$2,596$1,750$1,157$753$530
34 years$3,610$2,460$1,635$1,065$682$474
35 years$3,469$2,334$1,529$980$618$423
36 years$3,335$2,215$1,430$903$560$378
37 years$3,209$2,104$1,339$832$507$338
38 years$3,090$1,999$1,254$767$460$303
39 years$2,978$1,901$1,174$707$417$271
40 years$2,871$1,809$1,101$652$378$242
41 years$2,770$1,722$1,032$602$343$217
42 years$2,674$1,640$968$555$311$194
43 years$2,582$1,562$909$512$283$174
44 years$2,495$1,489$853$473$257$155
45 years$2,412$1,420$801$437$233$139
46 years$2,333$1,355$752$404$211$125
47 years$2,258$1,293$707$373$192$112
48 years$2,185$1,234$664$345$174$100
49 years$2,116$1,179$624$318$158$90
50 years$2,050$1,126$587$294$144$80

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 $4,359 every year, while hoping to spend $33,545 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: 46/49/5 Blend
54$2,100,000$2,100,000$2,100,000$2,100,000
55$2,318,696$2,207,396$2,174,846$2,422,076
56$2,519,512$2,279,867$2,212,012$2,565,962
57$2,739,686$2,354,765$2,249,299$2,718,080
58$2,981,158$2,432,173$2,286,674$2,882,291
59$3,246,065$2,512,177$2,324,106$3,059,722
60$3,536,758$2,594,868$2,361,558$3,251,608
61$3,855,828$2,680,338$2,398,992$3,459,311
62$4,206,131$2,768,683$2,436,366$3,684,324
63$4,590,811$2,860,003$2,473,639$3,928,289
64$5,013,331$2,954,401$2,510,763$4,193,014
65$5,477,508$3,051,983$2,547,691$4,480,486
66$5,987,544$3,152,860$2,584,369$4,792,888
67$6,548,070$3,257,148$2,620,742$5,132,626
68$7,164,189$3,364,964$2,656,753$5,502,344
69$7,841,521$3,476,432$2,692,339$5,904,950
70$8,586,259$3,591,679$2,727,434$6,343,646
71$9,405,223$3,710,838$2,761,970$6,821,955
72$10,305,932$3,834,045$2,795,872$7,343,754
73$11,296,667$3,961,443$2,829,063$7,913,310
74$12,386,552$4,093,178$2,861,461$8,535,320
75$13,585,640$4,229,404$2,892,980$9,214,955
76$14,905,009$4,370,278$2,923,528$9,957,905
77$16,356,862$4,515,964$2,953,009$10,770,438
78$17,954,648$4,666,632$2,981,321$11,659,453
79$19,713,184$4,822,459$3,008,357$12,632,545
80$21,648,797$4,983,627$3,034,005$13,698,079
81$23,779,475$5,150,326$3,058,145$14,865,267
82$26,125,041$5,322,751$3,080,652$16,144,250
83$28,707,336$5,501,108$3,101,396$17,546,199
84$31,550,429$5,685,606$3,120,236$19,083,415
85$34,680,837$5,876,465$3,137,029$20,769,448
86$38,127,784$6,073,913$3,151,621$22,619,219
87$41,923,468$6,278,186$3,163,850$24,649,164
88$46,103,372$6,489,527$3,173,549$26,877,387
89$50,706,592$6,708,190$3,180,540$29,323,828
90$55,776,213$6,934,439$3,184,636$32,010,454
91$61,359,707$7,168,548$3,185,642$34,961,459
92$67,509,390$7,410,799$3,183,353$38,203,499
93$74,282,905$7,661,486$3,177,554$41,765,935
94$81,743,778$7,920,915$3,168,018$45,681,114
95$89,962,006$8,189,403$3,154,509$49,984,671
96$99,014,725$8,467,278$3,136,779$54,715,863
97$108,986,934$8,754,881$3,114,569$59,917,940
98$119,972,298$9,052,567$3,087,604$65,638,553
99$132,074,034$9,360,704$3,055,600$71,930,197
100$145,405,880$9,679,674$3,018,257$78,850,710