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%18.2%
1 years$175,893$174,327$172,798$171,306$169,849$164,215
2 years$87,076$85,454$83,883$82,359$80,881$75,259
3 years$57,474$55,845$54,278$52,768$51,314$45,881
4 years$42,676$41,052$39,500$38,016$36,598$31,396
5 years$33,799$32,185$30,654$29,200$27,821$22,863
6 years$27,884$26,282$24,773$23,352$22,014$17,305
7 years$23,660$22,071$20,586$19,199$17,903$13,442
8 years$20,493$18,919$17,459$16,105$14,852$10,636
9 years$18,032$16,473$15,037$13,718$12,508$8,530
10 years$16,064$14,520$13,110$11,825$10,657$6,913
11 years$14,455$12,926$11,542$10,291$9,166$5,648
12 years$13,115$11,602$10,243$9,027$7,943$4,643
13 years$11,982$10,485$9,151$7,969$6,926$3,836
14 years$11,011$9,530$8,223$7,074$6,071$3,183
15 years$10,171$8,706$7,424$6,309$5,346$2,649
16 years$9,437$7,988$6,731$5,649$4,725$2,211
17 years$8,789$7,356$6,125$5,076$4,189$1,850
18 years$8,215$6,798$5,591$4,574$3,725$1,550
19 years$7,701$6,300$5,118$4,133$3,320$1,301
20 years$7,239$5,854$4,697$3,743$2,966$1,093
21 years$6,822$5,453$4,321$3,397$2,654$920
22 years$6,443$5,090$3,982$3,089$2,379$774
23 years$6,098$4,761$3,677$2,813$2,135$653
24 years$5,782$4,460$3,400$2,566$1,919$550
25 years$5,491$4,186$3,150$2,343$1,727$464
26 years$5,224$3,934$2,921$2,143$1,556$392
27 years$4,977$3,702$2,712$1,961$1,403$331
28 years$4,747$3,489$2,522$1,797$1,266$279
29 years$4,534$3,291$2,347$1,648$1,143$236
30 years$4,336$3,108$2,186$1,512$1,033$199
31 years$4,150$2,938$2,038$1,389$934$169
32 years$3,977$2,780$1,901$1,276$844$142
33 years$3,815$2,633$1,775$1,174$764$120
34 years$3,662$2,495$1,659$1,080$692$102
35 years$3,518$2,367$1,551$994$627$86
36 years$3,383$2,247$1,451$916$568$73
37 years$3,255$2,134$1,358$844$515$62
38 years$3,135$2,028$1,271$778$467$52
39 years$3,020$1,928$1,191$717$423$44
40 years$2,912$1,835$1,117$661$384$37
41 years$2,809$1,746$1,047$610$348$32
42 years$2,712$1,663$982$563$316$27
43 years$2,619$1,585$922$520$287$23
44 years$2,531$1,510$865$480$260$19
45 years$2,447$1,440$812$443$236$16
46 years$2,366$1,374$763$409$215$14
47 years$2,290$1,311$717$378$195$12
48 years$2,217$1,252$674$350$177$10
49 years$2,147$1,195$633$323$161$8
50 years$2,080$1,142$595$299$146$7

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 $6,177 every year, while hoping to spend $48,964 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: 37/35/28 Blend
54$2,130,000$2,130,000$2,130,000$2,130,000
55$2,353,632$2,240,742$2,207,727$2,420,820
56$2,541,605$2,298,441$2,229,588$2,528,733
57$2,747,110$2,357,326$2,250,541$2,640,314
58$2,971,884$2,417,404$2,270,503$2,759,906
59$3,217,839$2,478,679$2,289,388$2,888,266
60$3,487,080$2,541,156$2,307,104$3,026,228
61$3,781,926$2,604,837$2,323,556$3,174,709
62$4,104,930$2,669,721$2,338,642$3,334,722
63$4,458,904$2,735,808$2,352,258$3,507,382
64$4,846,944$2,803,095$2,364,290$3,693,919
65$5,272,461$2,871,575$2,374,622$3,895,687
66$5,739,211$2,941,242$2,383,132$4,114,179
67$6,251,332$3,012,084$2,389,688$4,351,042
68$6,813,382$3,084,089$2,394,156$4,608,090
69$7,430,379$3,157,242$2,396,392$4,887,323
70$8,107,853$3,231,523$2,396,247$5,190,945
71$8,851,897$3,306,910$2,393,564$5,521,386
72$9,669,221$3,383,379$2,388,179$5,881,326
73$10,567,215$3,460,898$2,379,917$6,273,718
74$11,554,025$3,539,436$2,368,598$6,701,819
75$12,638,622$3,618,954$2,354,032$7,169,216
76$13,830,889$3,699,411$2,336,019$7,679,869
77$15,141,715$3,780,758$2,314,352$8,238,138
78$16,583,099$3,862,944$2,288,812$8,848,833
79$18,168,257$3,945,910$2,259,169$9,517,257
80$19,911,752$4,029,592$2,225,183$10,249,254
81$21,829,629$4,113,920$2,186,605$11,051,269
82$23,939,566$4,198,817$2,143,171$11,930,405
83$26,261,041$4,284,199$2,094,607$12,894,493
84$28,815,515$4,369,973$2,040,624$13,952,169
85$31,626,634$4,456,038$1,980,922$15,112,948
86$34,720,454$4,542,287$1,915,187$16,387,325
87$38,125,683$4,628,602$1,843,087$17,786,867
88$41,873,953$4,714,853$1,764,281$19,324,324
89$46,000,118$4,800,904$1,678,407$21,013,755
90$50,542,586$4,886,604$1,585,090$22,870,655
91$55,543,675$4,971,793$1,483,935$24,912,107
92$61,050,017$5,056,297$1,374,533$27,156,942
93$67,112,992$5,139,929$1,256,454$29,625,918
94$73,789,222$5,222,490$1,129,250$32,341,918
95$81,141,094$5,303,764$992,451$35,330,165
96$89,237,356$5,383,519$845,569$38,618,466
97$98,153,763$5,461,508$688,092$42,237,469
98$107,973,790$5,537,465$519,487$46,220,960
99$118,789,423$5,611,107$339,196$50,606,180
100$130,702,024$5,682,131$146,638$55,434,178