Can I retire at age 55 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$175,893$174,327$172,798$171,306$169,849$166,967
2 years$87,076$85,454$83,883$82,359$80,881$77,985
3 years$57,474$55,845$54,278$52,768$51,314$48,496
4 years$42,676$41,052$39,500$38,016$36,598$33,879
5 years$33,799$32,185$30,654$29,200$27,821$25,209
6 years$27,884$26,282$24,773$23,352$22,014$19,512
7 years$23,660$22,071$20,586$19,199$17,903$15,512
8 years$20,493$18,919$17,459$16,105$14,852$12,572
9 years$18,032$16,473$15,037$13,718$12,508$10,336
10 years$16,064$14,520$13,110$11,825$10,657$8,592
11 years$14,455$12,926$11,542$10,291$9,166$7,206
12 years$13,115$11,602$10,243$9,027$7,943$6,085
13 years$11,982$10,485$9,151$7,969$6,926$5,168
14 years$11,011$9,530$8,223$7,074$6,071$4,410
15 years$10,171$8,706$7,424$6,309$5,346$3,777
16 years$9,437$7,988$6,731$5,649$4,725$3,246
17 years$8,789$7,356$6,125$5,076$4,189$2,797
18 years$8,215$6,798$5,591$4,574$3,725$2,416
19 years$7,701$6,300$5,118$4,133$3,320$2,091
20 years$7,239$5,854$4,697$3,743$2,966$1,813
21 years$6,822$5,453$4,321$3,397$2,654$1,574
22 years$6,443$5,090$3,982$3,089$2,379$1,368
23 years$6,098$4,761$3,677$2,813$2,135$1,190
24 years$5,782$4,460$3,400$2,566$1,919$1,037
25 years$5,491$4,186$3,150$2,343$1,727$904
26 years$5,224$3,934$2,921$2,143$1,556$788
27 years$4,977$3,702$2,712$1,961$1,403$688
28 years$4,747$3,489$2,522$1,797$1,266$601
29 years$4,534$3,291$2,347$1,648$1,143$525
30 years$4,336$3,108$2,186$1,512$1,033$459
31 years$4,150$2,938$2,038$1,389$934$401
32 years$3,977$2,780$1,901$1,276$844$351
33 years$3,815$2,633$1,775$1,174$764$307
34 years$3,662$2,495$1,659$1,080$692$269
35 years$3,518$2,367$1,551$994$627$235
36 years$3,383$2,247$1,451$916$568$206
37 years$3,255$2,134$1,358$844$515$180
38 years$3,135$2,028$1,271$778$467$158
39 years$3,020$1,928$1,191$717$423$138
40 years$2,912$1,835$1,117$661$384$121
41 years$2,809$1,746$1,047$610$348$106
42 years$2,712$1,663$982$563$316$93
43 years$2,619$1,585$922$520$287$81
44 years$2,531$1,510$865$480$260$71
45 years$2,447$1,440$812$443$236$62
46 years$2,366$1,374$763$409$215$55
47 years$2,290$1,311$717$378$195$48
48 years$2,217$1,252$674$350$177$42
49 years$2,147$1,195$633$323$161$37
50 years$2,080$1,142$595$299$146$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,130,000, adding $2,360 every year, while hoping to spend $40,055 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: 64/28/8 Blend
54$2,130,000$2,130,000$2,130,000$2,130,000
55$2,349,694$2,236,804$2,203,789$2,496,197
56$2,546,745$2,303,790$2,234,998$2,661,108
57$2,762,552$2,372,715$2,265,910$2,836,223
58$2,998,987$2,443,632$2,296,472$3,026,445
59$3,258,110$2,516,596$2,326,630$3,233,241
60$3,542,190$2,591,662$2,356,325$3,458,221
61$3,853,726$2,668,887$2,385,495$3,703,159
62$4,195,472$2,748,328$2,414,075$3,970,010
63$4,570,458$2,830,044$2,441,994$4,260,923
64$4,982,025$2,914,096$2,469,182$4,578,265
65$5,433,852$3,000,547$2,495,559$4,924,642
66$5,929,990$3,089,459$2,521,045$5,302,926
67$6,474,903$3,180,897$2,545,555$5,716,276
68$7,073,510$3,274,927$2,568,997$6,168,172
69$7,731,226$3,371,617$2,591,277$6,662,447
70$8,454,020$3,471,035$2,612,294$7,203,322
71$9,248,467$3,573,253$2,631,943$7,795,447
72$10,121,810$3,678,342$2,650,112$8,443,942
73$11,082,029$3,786,374$2,666,685$9,154,447
74$12,137,916$3,897,426$2,681,539$9,933,174
75$13,299,157$4,011,574$2,694,544$10,786,969
76$14,576,424$4,128,895$2,705,564$11,723,368
77$15,981,477$4,249,468$2,714,458$12,750,678
78$17,527,270$4,373,374$2,721,075$13,878,046
79$19,228,077$4,500,696$2,725,257$15,115,551
80$21,099,628$4,631,517$2,726,840$16,474,298
81$23,159,251$4,765,922$2,725,650$17,966,518
82$25,426,040$4,903,998$2,721,505$19,605,691
83$27,921,035$5,045,832$2,714,214$21,406,663
84$30,667,418$5,191,516$2,703,578$23,385,796
85$33,690,733$5,341,138$2,689,386$25,561,115
86$37,019,126$5,494,792$2,671,419$27,952,479
87$40,683,611$5,652,571$2,649,446$30,581,771
88$44,718,363$5,814,570$2,623,225$33,473,102
89$49,161,037$5,980,885$2,592,504$36,653,037
90$54,053,128$6,151,614$2,557,019$40,150,849
91$59,440,359$6,326,855$2,516,491$43,998,791
92$65,373,113$6,506,708$2,470,630$48,232,403
93$71,906,907$6,691,274$2,419,133$52,890,845
94$79,102,919$6,880,654$2,361,682$58,017,268
95$87,028,562$7,074,951$2,297,943$63,659,221
96$95,758,121$7,274,269$2,227,569$69,869,097
97$105,373,452$7,478,711$2,150,196$76,704,629
98$115,964,760$7,688,384$2,065,444$84,229,435
99$127,631,443$7,903,391$1,972,913$92,513,618
100$140,483,032$8,123,840$1,872,188$101,634,425