Can I retire at age 55 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$174,242$172,690$171,176$169,698$168,254$165,535
2 years$86,258$84,652$83,095$81,585$80,121$77,389
3 years$56,934$55,321$53,768$52,273$50,832$48,172
4 years$42,275$40,667$39,129$37,659$36,254$33,687
5 years$33,482$31,883$30,366$28,926$27,560$25,092
6 years$27,622$26,035$24,540$23,132$21,807$19,443
7 years$23,438$21,864$20,393$19,018$17,735$15,474
8 years$20,301$18,742$17,295$15,954$14,713$12,555
9 years$17,862$16,318$14,896$13,589$12,390$10,335
10 years$15,913$14,383$12,987$11,714$10,557$8,602
11 years$14,319$12,805$11,433$10,195$9,080$7,223
12 years$12,991$11,493$10,147$8,942$7,868$6,107
13 years$11,869$10,386$9,065$7,895$6,861$5,194
14 years$10,908$9,441$8,145$7,008$6,014$4,438
15 years$10,076$8,624$7,354$6,250$5,296$3,807
16 years$9,348$7,913$6,668$5,596$4,680$3,276
17 years$8,707$7,287$6,067$5,028$4,150$2,827
18 years$8,137$6,734$5,539$4,531$3,690$2,445
19 years$7,629$6,241$5,070$4,094$3,289$2,119
20 years$7,171$5,799$4,653$3,708$2,938$1,840
21 years$6,758$5,402$4,280$3,365$2,629$1,600
22 years$6,383$5,042$3,945$3,060$2,356$1,393
23 years$6,041$4,716$3,642$2,787$2,115$1,214
24 years$5,728$4,419$3,369$2,542$1,901$1,059
25 years$5,440$4,147$3,120$2,321$1,711$925
26 years$5,175$3,897$2,894$2,122$1,541$808
27 years$4,930$3,668$2,687$1,943$1,389$706
28 years$4,703$3,456$2,498$1,780$1,254$618
29 years$4,492$3,260$2,324$1,632$1,132$541
30 years$4,295$3,079$2,165$1,498$1,023$473
31 years$4,111$2,911$2,019$1,376$925$414
32 years$3,940$2,754$1,883$1,264$837$363
33 years$3,779$2,608$1,758$1,163$757$318
34 years$3,627$2,472$1,643$1,070$685$279
35 years$3,485$2,345$1,536$985$621$244
36 years$3,351$2,225$1,437$907$562$214
37 years$3,225$2,114$1,345$836$510$188
38 years$3,105$2,009$1,260$770$462$165
39 years$2,992$1,910$1,180$710$419$145
40 years$2,885$1,817$1,106$655$380$127
41 years$2,783$1,730$1,037$604$345$111
42 years$2,686$1,647$973$558$313$98
43 years$2,594$1,570$913$515$284$86
44 years$2,507$1,496$857$475$258$75
45 years$2,424$1,427$805$439$234$66
46 years$2,344$1,361$756$406$212$58
47 years$2,268$1,299$710$375$193$51
48 years$2,196$1,240$667$346$175$45
49 years$2,126$1,184$627$320$159$39
50 years$2,060$1,131$590$296$145$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,110,000, adding $2,722 every year, while hoping to spend $29,043 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: 35/42/23 Blend
54$2,110,000$2,110,000$2,110,000$2,110,000
55$2,328,028$2,216,198$2,183,493$2,393,180
56$2,534,585$2,293,890$2,225,738$2,519,278
57$2,761,238$2,374,416$2,268,426$2,652,385
58$3,010,005$2,457,883$2,311,539$2,795,421
59$3,283,111$2,544,405$2,355,061$2,949,289
60$3,583,005$2,634,097$2,398,972$3,114,982
61$3,912,387$2,727,083$2,443,253$3,293,588
62$4,274,229$2,823,489$2,487,880$3,486,306
63$4,671,806$2,923,446$2,532,830$3,694,450
64$5,108,727$3,027,091$2,578,076$3,919,467
65$5,588,966$3,134,567$2,623,591$4,162,946
66$6,116,902$3,246,023$2,669,343$4,426,635
67$6,697,361$3,361,613$2,715,301$4,712,453
68$7,335,658$3,481,498$2,761,429$5,022,516
69$8,037,648$3,605,845$2,807,691$5,359,145
70$8,809,785$3,734,828$2,854,045$5,724,897
71$9,659,177$3,868,628$2,900,449$6,122,584
72$10,593,657$4,007,435$2,946,858$6,555,300
73$11,621,855$4,151,444$2,993,223$7,026,447
74$12,753,280$4,300,861$3,039,492$7,539,772
75$13,998,410$4,455,898$3,085,610$8,099,395
76$15,368,787$4,616,777$3,131,518$8,709,855
77$16,877,134$4,783,730$3,177,154$9,376,144
78$18,537,465$4,956,995$3,222,452$10,103,758
79$20,365,224$5,136,826$3,267,342$10,898,748
80$22,377,427$5,323,481$3,311,748$11,767,774
81$24,592,827$5,517,233$3,355,594$12,718,171
82$27,032,083$5,718,366$3,398,794$13,758,011
83$29,717,964$5,927,174$3,441,262$14,896,186
84$32,675,555$6,143,965$3,482,903$16,142,485
85$35,932,501$6,369,058$3,523,620$17,507,688
86$39,519,263$6,602,789$3,563,308$19,003,666
87$43,469,407$6,845,504$3,601,858$20,643,493
88$47,819,919$7,097,567$3,639,153$22,441,568
89$52,611,557$7,359,354$3,675,071$24,413,747
90$57,889,234$7,631,261$3,709,484$26,577,497
91$63,702,440$7,913,696$3,742,255$28,952,055
92$70,105,710$8,207,089$3,773,243$31,558,609
93$77,159,142$8,511,885$3,802,295$34,420,501
94$84,928,956$8,828,550$3,829,254$37,563,439
95$93,488,129$9,157,568$3,853,953$41,015,744
96$102,917,074$9,499,445$3,876,217$44,808,613
97$113,304,406$9,854,708$3,895,861$48,976,414
98$124,747,775$10,223,908$3,912,691$53,557,006
99$137,354,786$10,607,617$3,926,504$58,592,098
100$151,244,019$11,006,435$3,937,087$64,127,638