Can I retire at age 55 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$175,068$173,508$171,987$170,502$169,052$163,184
2 years$86,667$85,053$83,489$81,972$80,501$74,649
3 years$57,204$55,583$54,023$52,520$51,073$45,422
4 years$42,476$40,859$39,315$37,838$36,426$31,019
5 years$33,641$32,034$30,510$29,063$27,690$22,541
6 years$27,753$26,158$24,656$23,242$21,910$17,023
7 years$23,549$21,968$20,490$19,109$17,819$13,193
8 years$20,397$18,830$17,377$16,030$14,783$10,414
9 years$17,947$16,395$14,967$13,654$12,449$8,333
10 years$15,988$14,452$13,048$11,770$10,607$6,736
11 years$14,387$12,865$11,488$10,243$9,123$5,488
12 years$13,053$11,547$10,195$8,985$7,905$4,500
13 years$11,925$10,435$9,108$7,932$6,894$3,708
14 years$10,960$9,486$8,184$7,041$6,043$3,068
15 years$10,123$8,665$7,389$6,280$5,321$2,546
16 years$9,392$7,950$6,699$5,623$4,702$2,119
17 years$8,748$7,322$6,096$5,052$4,170$1,767
18 years$8,176$6,766$5,565$4,553$3,707$1,477
19 years$7,665$6,270$5,094$4,114$3,304$1,236
20 years$7,205$5,827$4,675$3,726$2,952$1,035
21 years$6,790$5,427$4,300$3,381$2,641$868
22 years$6,413$5,066$3,964$3,075$2,368$729
23 years$6,069$4,738$3,660$2,800$2,125$612
24 years$5,755$4,440$3,385$2,554$1,910$515
25 years$5,466$4,166$3,135$2,332$1,719$433
26 years$5,199$3,916$2,907$2,132$1,548$364
27 years$4,953$3,685$2,700$1,952$1,396$306
28 years$4,725$3,472$2,510$1,788$1,260$258
29 years$4,513$3,276$2,336$1,640$1,137$217
30 years$4,315$3,094$2,175$1,505$1,028$183
31 years$4,131$2,925$2,028$1,382$929$154
32 years$3,958$2,767$1,892$1,270$840$130
33 years$3,797$2,621$1,767$1,168$761$109
34 years$3,645$2,484$1,651$1,075$689$92
35 years$3,502$2,356$1,543$989$624$78
36 years$3,367$2,236$1,444$911$565$65
37 years$3,240$2,124$1,351$840$512$55
38 years$3,120$2,018$1,266$774$464$47
39 years$3,006$1,919$1,186$714$421$39
40 years$2,898$1,826$1,111$658$382$33
41 years$2,796$1,738$1,042$607$347$28
42 years$2,699$1,655$977$560$314$23
43 years$2,607$1,577$917$517$285$20
44 years$2,519$1,503$861$478$259$17
45 years$2,435$1,434$808$441$235$14
46 years$2,355$1,368$759$407$214$12
47 years$2,279$1,305$713$376$194$10
48 years$2,206$1,246$670$348$176$8
49 years$2,137$1,190$630$321$160$7
50 years$2,070$1,137$592$297$145$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,120,000, adding $3,287 every year, while hoping to spend $44,969 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: 34/40/26 Blend
54$2,120,000$2,120,000$2,120,000$2,120,000
55$2,339,631$2,227,271$2,194,411$2,400,622
56$2,530,426$2,288,560$2,220,077$2,507,951
57$2,739,176$2,351,346$2,245,095$2,619,327
58$2,967,663$2,415,653$2,269,398$2,738,549
59$3,217,853$2,481,508$2,292,910$2,866,342
60$3,491,908$2,548,936$2,315,557$3,003,507
61$3,792,210$2,617,961$2,337,255$3,150,925
62$4,121,383$2,688,609$2,357,921$3,309,567
63$4,482,316$2,760,903$2,377,463$3,480,502
64$4,878,192$2,834,867$2,395,788$3,664,906
65$5,312,515$2,910,523$2,412,795$3,864,075
66$5,789,147$2,987,894$2,428,379$4,079,437
67$6,312,340$3,067,001$2,442,430$4,312,566
68$6,886,779$3,147,864$2,454,831$4,565,193
69$7,517,624$3,230,503$2,465,462$4,839,228
70$8,210,560$3,314,936$2,474,193$5,136,773
71$8,971,849$3,401,179$2,480,890$5,460,146
72$9,808,389$3,489,249$2,485,411$5,811,901
73$10,727,780$3,579,158$2,487,608$6,194,851
74$11,738,396$3,670,919$2,487,325$6,612,096
75$12,849,461$3,764,542$2,484,399$7,067,054
76$14,071,137$3,860,036$2,478,658$7,563,489
77$15,414,622$3,957,407$2,469,922$8,105,552
78$16,892,252$4,056,658$2,458,003$8,697,815
79$18,517,618$4,157,791$2,442,702$9,345,319
80$20,305,696$4,260,803$2,423,813$10,053,618
81$22,272,985$4,365,690$2,401,119$10,828,834
82$24,437,664$4,472,444$2,374,392$11,677,715
83$26,819,766$4,581,054$2,343,393$12,607,696
84$29,441,359$4,691,503$2,307,875$13,626,974
85$32,326,764$4,803,773$2,267,574$14,744,583
86$35,502,775$4,917,838$2,222,219$15,970,479
87$38,998,917$5,033,672$2,171,523$17,315,636
88$42,847,724$5,151,240$2,115,187$18,792,148
89$47,085,044$5,270,502$2,052,897$20,413,348
90$51,750,376$5,391,414$1,984,326$22,193,927
91$56,887,245$5,513,924$1,909,132$24,150,082
92$62,543,612$5,637,975$1,826,956$26,299,661
93$68,772,326$5,763,501$1,737,425$28,662,338
94$75,631,620$5,890,429$1,640,146$31,259,797
95$83,185,665$6,018,680$1,534,710$34,115,937
96$91,505,170$6,148,163$1,420,690$37,257,101
97$100,668,054$6,278,779$1,297,639$40,712,320
98$110,760,177$6,410,420$1,165,091$44,513,594
99$121,876,151$6,542,967$1,022,558$48,696,194
100$134,120,236$6,676,290$869,531$53,298,990