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

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$175,893$174,327$172,798$171,306$169,849$168,286
2 years$87,076$85,454$83,883$82,359$80,881$79,305
3 years$57,474$55,845$54,278$52,768$51,314$49,776
4 years$42,676$41,052$39,500$38,016$36,598$35,108
5 years$33,799$32,185$30,654$29,200$27,821$26,385
6 years$27,884$26,282$24,773$23,352$22,014$20,633
7 years$23,660$22,071$20,586$19,199$17,903$16,578
8 years$20,493$18,919$17,459$16,105$14,852$13,583
9 years$18,032$16,473$15,037$13,718$12,508$11,293
10 years$16,064$14,520$13,110$11,825$10,657$9,497
11 years$14,455$12,926$11,542$10,291$9,166$8,059
12 years$13,115$11,602$10,243$9,027$7,943$6,889
13 years$11,982$10,485$9,151$7,969$6,926$5,924
14 years$11,011$9,530$8,223$7,074$6,071$5,119
15 years$10,171$8,706$7,424$6,309$5,346$4,442
16 years$9,437$7,988$6,731$5,649$4,725$3,868
17 years$8,789$7,356$6,125$5,076$4,189$3,378
18 years$8,215$6,798$5,591$4,574$3,725$2,958
19 years$7,701$6,300$5,118$4,133$3,320$2,596
20 years$7,239$5,854$4,697$3,743$2,966$2,282
21 years$6,822$5,453$4,321$3,397$2,654$2,010
22 years$6,443$5,090$3,982$3,089$2,379$1,772
23 years$6,098$4,761$3,677$2,813$2,135$1,565
24 years$5,782$4,460$3,400$2,566$1,919$1,383
25 years$5,491$4,186$3,150$2,343$1,727$1,224
26 years$5,224$3,934$2,921$2,143$1,556$1,084
27 years$4,977$3,702$2,712$1,961$1,403$960
28 years$4,747$3,489$2,522$1,797$1,266$852
29 years$4,534$3,291$2,347$1,648$1,143$756
30 years$4,336$3,108$2,186$1,512$1,033$671
31 years$4,150$2,938$2,038$1,389$934$596
32 years$3,977$2,780$1,901$1,276$844$529
33 years$3,815$2,633$1,775$1,174$764$470
34 years$3,662$2,495$1,659$1,080$692$418
35 years$3,518$2,367$1,551$994$627$372
36 years$3,383$2,247$1,451$916$568$331
37 years$3,255$2,134$1,358$844$515$294
38 years$3,135$2,028$1,271$778$467$262
39 years$3,020$1,928$1,191$717$423$233
40 years$2,912$1,835$1,117$661$384$208
41 years$2,809$1,746$1,047$610$348$185
42 years$2,712$1,663$982$563$316$165
43 years$2,619$1,585$922$520$287$146
44 years$2,531$1,510$865$480$260$130
45 years$2,447$1,440$812$443$236$116
46 years$2,366$1,374$763$409$215$103
47 years$2,290$1,311$717$378$195$92
48 years$2,217$1,252$674$350$177$82
49 years$2,147$1,195$633$323$161$73
50 years$2,080$1,142$595$299$146$65

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 $3,919 every year, while hoping to spend $39,177 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: 58/34/8 Blend
54$2,130,000$2,130,000$2,130,000$2,130,000
55$2,351,302$2,238,412$2,205,397$2,483,236
56$2,549,451$2,306,411$2,237,594$2,640,388
57$2,766,498$2,376,428$2,269,557$2,806,834
58$3,004,330$2,448,521$2,301,235$2,987,285
59$3,265,023$2,522,750$2,332,578$3,183,085
60$3,550,865$2,599,175$2,363,530$3,395,714
61$3,864,377$2,677,859$2,394,032$3,626,800
62$4,208,335$2,758,864$2,424,023$3,878,135
63$4,585,794$2,842,258$2,453,436$4,151,691
64$5,000,122$2,928,106$2,482,204$4,449,639
65$5,455,030$3,016,478$2,510,253$4,774,367
66$5,954,601$3,107,444$2,537,505$5,128,507
67$6,503,339$3,201,078$2,563,880$5,514,955
68$7,106,202$3,297,452$2,589,292$5,936,899
69$7,768,651$3,396,644$2,613,649$6,397,851
70$8,496,704$3,498,731$2,636,858$6,901,678
71$9,296,993$3,603,793$2,658,817$7,452,636
72$10,176,820$3,711,912$2,679,421$8,055,416
73$11,144,232$3,823,173$2,698,559$8,715,181
74$12,208,096$3,937,661$2,716,113$9,437,619
75$13,378,179$4,055,464$2,731,960$10,228,996
76$14,665,244$4,176,672$2,745,971$11,096,211
77$16,081,148$4,301,378$2,758,011$12,046,865
78$17,638,956$4,429,676$2,767,935$13,089,330
79$19,353,062$4,561,663$2,775,593$14,232,830
80$21,239,328$4,697,438$2,780,829$15,487,524
81$23,315,229$4,837,102$2,783,476$16,864,605
82$25,600,020$4,980,758$2,783,360$18,376,403
83$28,114,919$5,128,512$2,780,300$20,036,502
84$30,883,305$5,280,473$2,774,104$21,859,867
85$33,930,936$5,436,750$2,764,571$23,862,987
86$37,286,199$5,597,458$2,751,491$26,064,026
87$40,980,369$5,762,711$2,734,643$28,483,000
88$45,047,910$5,932,627$2,713,797$31,141,957
89$49,526,797$6,107,327$2,688,710$34,065,196
90$54,458,878$6,286,933$2,659,129$37,279,483
91$59,890,261$6,471,571$2,624,788$40,814,316
92$65,871,758$6,661,368$2,585,409$44,702,192
93$72,459,357$6,856,455$2,540,700$48,978,920
94$79,714,755$7,056,964$2,490,356$53,683,956
95$87,705,936$7,263,032$2,434,060$58,860,776
96$96,507,817$7,474,796$2,371,476$64,557,284
97$106,202,950$7,692,396$2,302,256$70,826,268
98$116,882,303$7,915,976$2,226,033$77,725,891
99$128,646,119$8,145,680$2,142,427$85,320,245
100$141,604,863$8,381,658$2,051,038$93,679,954