Can I retire at age 55 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$176,719$175,145$173,609$172,110$170,647$168,235
2 years$87,485$85,855$84,276$82,745$81,260$78,836
3 years$57,744$56,107$54,532$53,016$51,555$49,192
4 years$42,876$41,245$39,686$38,195$36,769$34,487
5 years$33,958$32,337$30,798$29,337$27,951$25,756
6 years$28,015$26,405$24,889$23,461$22,117$20,011
7 years$23,771$22,175$20,683$19,289$17,987$15,971
8 years$20,590$19,008$17,541$16,181$14,922$12,996
9 years$18,116$16,550$15,108$13,783$12,567$10,729
10 years$16,139$14,588$13,171$11,881$10,707$8,958
11 years$14,522$12,987$11,596$10,340$9,209$7,545
12 years$13,176$11,656$10,291$9,069$7,980$6,400
13 years$12,038$10,534$9,194$8,007$6,959$5,461
14 years$11,063$9,575$8,261$7,108$6,100$4,682
15 years$10,219$8,747$7,459$6,339$5,371$4,029
16 years$9,481$8,025$6,762$5,676$4,747$3,480
17 years$8,831$7,391$6,154$5,100$4,209$3,014
18 years$8,253$6,829$5,617$4,596$3,742$2,616
19 years$7,737$6,330$5,142$4,153$3,336$2,276
20 years$7,273$5,882$4,719$3,761$2,979$1,983
21 years$6,854$5,479$4,341$3,413$2,666$1,731
22 years$6,473$5,114$4,001$3,104$2,390$1,513
23 years$6,127$4,783$3,694$2,826$2,145$1,323
24 years$5,809$4,481$3,416$2,578$1,928$1,159
25 years$5,517$4,206$3,164$2,354$1,735$1,016
26 years$5,248$3,953$2,935$2,153$1,563$891
27 years$5,000$3,720$2,725$1,970$1,409$782
28 years$4,770$3,505$2,533$1,805$1,271$687
29 years$4,556$3,307$2,358$1,655$1,148$604
30 years$4,356$3,123$2,196$1,519$1,037$531
31 years$4,170$2,952$2,047$1,395$938$467
32 years$3,996$2,793$1,910$1,282$848$410
33 years$3,832$2,645$1,783$1,179$768$361
34 years$3,679$2,507$1,666$1,085$695$318
35 years$3,535$2,378$1,558$999$630$280
36 years$3,399$2,257$1,457$920$570$246
37 years$3,271$2,144$1,364$848$517$217
38 years$3,149$2,037$1,277$781$469$191
39 years$3,034$1,937$1,197$720$425$168
40 years$2,926$1,843$1,122$664$386$148
41 years$2,823$1,754$1,052$613$350$131
42 years$2,725$1,671$987$566$317$115
43 years$2,631$1,592$926$522$288$102
44 years$2,543$1,518$869$482$261$89
45 years$2,458$1,447$816$445$237$79
46 years$2,377$1,381$766$411$216$70
47 years$2,301$1,317$720$380$196$61
48 years$2,227$1,258$677$351$178$54
49 years$2,157$1,201$636$325$161$48
50 years$2,089$1,147$598$300$147$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,140,000, adding $4,673 every year, while hoping to spend $32,994 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: 55/33/12 Blend
54$2,140,000$2,140,000$2,140,000$2,140,000
55$2,363,100$2,249,680$2,216,510$2,485,571
56$2,569,031$2,324,809$2,255,658$2,644,294
57$2,794,861$2,402,514$2,295,011$2,813,033
58$3,042,585$2,482,885$2,334,542$2,995,991
59$3,314,400$2,566,018$2,374,221$3,194,527
60$3,612,727$2,652,011$2,414,015$3,410,139
61$3,940,231$2,740,965$2,453,891$3,644,473
62$4,299,850$2,832,987$2,493,811$3,899,343
63$4,694,817$2,928,187$2,533,737$4,176,741
64$5,128,697$3,026,677$2,573,626$4,478,861
65$5,605,416$3,128,575$2,613,434$4,808,120
66$6,129,298$3,234,005$2,653,113$5,167,174
67$6,705,108$3,343,093$2,692,615$5,558,950
68$7,338,096$3,455,971$2,731,884$5,986,667
69$8,034,044$3,572,776$2,770,864$6,453,872
70$8,799,323$3,693,649$2,809,495$6,964,468
71$9,640,954$3,818,738$2,847,713$7,522,753
72$10,566,671$3,948,195$2,885,450$8,133,458
73$11,584,994$4,082,179$2,922,636$8,801,796
74$12,705,312$4,220,855$2,959,193$9,533,503
75$13,937,971$4,364,394$2,995,043$10,334,900
76$15,294,367$4,512,973$3,030,100$11,212,945
77$16,787,060$4,666,776$3,064,276$12,175,303
78$18,429,886$4,825,994$3,097,475$13,230,416
79$20,238,093$4,990,826$3,129,599$14,387,581
80$22,228,480$5,161,478$3,160,542$15,657,039
81$24,419,559$5,338,164$3,190,194$17,050,070
82$26,831,727$5,521,107$3,218,438$18,579,100
83$29,487,459$5,710,537$3,245,152$20,257,816
84$32,411,520$5,906,694$3,270,205$22,101,296
85$35,631,201$6,109,828$3,293,463$24,126,149
86$39,176,572$6,320,197$3,314,782$26,350,673
87$43,080,766$6,538,071$3,334,011$28,795,025
88$47,380,295$6,763,728$3,350,991$31,481,412
89$52,115,394$6,997,459$3,365,558$34,434,300
90$57,330,395$7,239,565$3,377,535$37,680,642
91$63,074,152$7,490,360$3,386,739$41,250,135
92$69,400,498$7,750,170$3,392,977$45,175,495
93$76,368,753$8,019,334$3,396,047$49,492,769
94$84,044,288$8,298,203$3,395,736$54,241,674
95$92,499,133$8,587,143$3,391,821$59,465,966
96$101,812,666$8,886,534$3,384,068$65,213,860
97$112,072,355$9,196,772$3,372,233$71,538,477
98$123,374,590$9,518,267$3,356,056$78,498,348
99$135,825,584$9,851,448$3,335,270$86,157,965
100$149,542,383$10,196,759$3,309,591$94,588,389