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%14.9%
1 years$176,719$175,145$173,609$172,110$170,647$167,201
2 years$87,485$85,855$84,276$82,745$81,260$77,804
3 years$57,744$56,107$54,532$53,016$51,555$48,196
4 years$42,876$41,245$39,686$38,195$36,769$33,533
5 years$33,958$32,337$30,798$29,337$27,951$24,848
6 years$28,015$26,405$24,889$23,461$22,117$19,149
7 years$23,771$22,175$20,683$19,289$17,987$15,155
8 years$20,590$19,008$17,541$16,181$14,922$12,225
9 years$18,116$16,550$15,108$13,783$12,567$10,003
10 years$16,139$14,588$13,171$11,881$10,707$8,275
11 years$14,522$12,987$11,596$10,340$9,209$6,905
12 years$13,176$11,656$10,291$9,069$7,980$5,801
13 years$12,038$10,534$9,194$8,007$6,959$4,901
14 years$11,063$9,575$8,261$7,108$6,100$4,159
15 years$10,219$8,747$7,459$6,339$5,371$3,543
16 years$9,481$8,025$6,762$5,676$4,747$3,028
17 years$8,831$7,391$6,154$5,100$4,209$2,594
18 years$8,253$6,829$5,617$4,596$3,742$2,228
19 years$7,737$6,330$5,142$4,153$3,336$1,917
20 years$7,273$5,882$4,719$3,761$2,979$1,652
21 years$6,854$5,479$4,341$3,413$2,666$1,425
22 years$6,473$5,114$4,001$3,104$2,390$1,231
23 years$6,127$4,783$3,694$2,826$2,145$1,065
24 years$5,809$4,481$3,416$2,578$1,928$922
25 years$5,517$4,206$3,164$2,354$1,735$798
26 years$5,248$3,953$2,935$2,153$1,563$692
27 years$5,000$3,720$2,725$1,970$1,409$600
28 years$4,770$3,505$2,533$1,805$1,271$521
29 years$4,556$3,307$2,358$1,655$1,148$452
30 years$4,356$3,123$2,196$1,519$1,037$392
31 years$4,170$2,952$2,047$1,395$938$341
32 years$3,996$2,793$1,910$1,282$848$296
33 years$3,832$2,645$1,783$1,179$768$257
34 years$3,679$2,507$1,666$1,085$695$224
35 years$3,535$2,378$1,558$999$630$194
36 years$3,399$2,257$1,457$920$570$169
37 years$3,271$2,144$1,364$848$517$147
38 years$3,149$2,037$1,277$781$469$128
39 years$3,034$1,937$1,197$720$425$111
40 years$2,926$1,843$1,122$664$386$97
41 years$2,823$1,754$1,052$613$350$84
42 years$2,725$1,671$987$566$317$73
43 years$2,631$1,592$926$522$288$64
44 years$2,543$1,518$869$482$261$55
45 years$2,458$1,447$816$445$237$48
46 years$2,377$1,381$766$411$216$42
47 years$2,301$1,317$720$380$196$36
48 years$2,227$1,258$677$351$178$32
49 years$2,157$1,201$636$325$161$28
50 years$2,089$1,147$598$300$147$24

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 $3,208 every year, while hoping to spend $38,757 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: 77/9/14 Blend
54$2,140,000$2,140,000$2,140,000$2,140,000
55$2,361,589$2,248,169$2,214,999$2,536,351
56$2,561,234$2,317,092$2,247,964$2,720,938
57$2,779,944$2,388,094$2,280,735$2,918,081
58$3,019,622$2,461,234$2,313,264$3,133,187
59$3,282,365$2,536,577$2,345,500$3,368,033
60$3,570,483$2,614,185$2,377,390$3,624,579
61$3,886,518$2,694,126$2,408,879$3,904,979
62$4,233,272$2,776,467$2,439,905$4,211,610
63$4,613,829$2,861,278$2,470,406$4,547,085
64$5,031,590$2,948,631$2,500,315$4,914,288
65$5,490,298$3,038,599$2,529,561$5,316,392
66$5,994,077$3,131,259$2,558,070$5,756,891
67$6,547,470$3,226,688$2,585,762$6,239,639
68$7,155,482$3,324,965$2,612,555$6,768,876
69$7,823,626$3,426,174$2,638,361$7,349,278
70$8,557,977$3,530,398$2,663,087$7,985,992
71$9,365,227$3,637,723$2,686,637$8,684,691
72$10,252,748$3,748,240$2,708,907$9,451,626
73$11,228,662$3,862,037$2,729,789$10,293,680
74$12,301,919$3,979,210$2,749,170$11,218,441
75$13,482,378$4,099,855$2,766,931$12,234,266
76$14,780,902$4,224,069$2,782,945$13,350,365
77$16,209,460$4,351,955$2,797,079$14,576,884
78$17,781,240$4,483,615$2,809,196$15,925,004
79$19,510,771$4,619,157$2,819,149$17,407,042
80$21,414,063$4,758,690$2,826,785$19,036,572
81$23,508,757$4,902,325$2,831,941$20,828,550
82$25,814,290$5,050,178$2,834,450$22,799,456
83$28,352,077$5,202,367$2,834,134$24,967,447
84$31,145,717$5,359,011$2,830,806$27,352,533
85$34,221,213$5,520,236$2,824,271$29,976,762
86$37,607,217$5,686,167$2,814,324$32,864,427
87$41,335,300$5,856,936$2,800,751$36,042,301
88$45,440,249$6,032,675$2,783,325$39,539,883
89$49,960,399$6,213,520$2,761,811$43,389,679
90$54,937,990$6,399,613$2,735,961$47,627,509
91$60,419,566$6,591,095$2,705,517$52,292,846
92$66,456,416$6,788,113$2,670,207$57,429,183
93$73,105,059$6,990,819$2,629,746$63,084,453
94$80,427,770$7,199,364$2,583,838$69,311,472
95$88,493,177$7,413,907$2,532,171$76,168,441
96$97,376,901$7,634,609$2,474,419$83,719,499
97$107,162,274$7,861,634$2,410,241$92,035,320
98$117,941,122$8,095,150$2,339,280$101,193,789
99$129,814,634$8,335,330$2,261,164$111,280,730
100$142,894,315$8,582,350$2,175,501$122,390,721