Can I retire at age 55 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$177,545$175,964$174,421$172,915$171,444$166,356
2 years$87,894$86,257$84,670$83,132$81,640$76,556
3 years$58,014$56,370$54,787$53,263$51,796$46,875
4 years$43,077$41,438$39,871$38,373$36,941$32,221
5 years$34,117$32,488$30,942$29,474$28,082$23,576
6 years$28,145$26,529$25,005$23,571$22,220$17,933
7 years$23,882$22,279$20,780$19,379$18,071$14,001
8 years$20,686$19,097$17,623$16,257$14,992$11,137
9 years$18,201$16,627$15,178$13,847$12,625$8,982
10 years$16,215$14,656$13,233$11,936$10,757$7,320
11 years$14,590$13,048$11,650$10,388$9,252$6,015
12 years$13,238$11,711$10,339$9,112$8,017$4,975
13 years$12,094$10,583$9,237$8,044$6,991$4,135
14 years$11,115$9,620$8,300$7,141$6,128$3,452
15 years$10,267$8,788$7,494$6,368$5,396$2,892
16 years$9,525$8,063$6,794$5,702$4,769$2,429
17 years$8,872$7,425$6,182$5,123$4,229$2,046
18 years$8,292$6,861$5,644$4,617$3,760$1,726
19 years$7,773$6,359$5,166$4,172$3,351$1,458
20 years$7,307$5,909$4,742$3,779$2,993$1,234
21 years$6,886$5,504$4,361$3,429$2,679$1,045
22 years$6,504$5,138$4,020$3,118$2,401$887
23 years$6,155$4,805$3,711$2,840$2,155$752
24 years$5,836$4,502$3,432$2,590$1,937$639
25 years$5,543$4,225$3,179$2,365$1,743$543
26 years$5,273$3,971$2,948$2,163$1,570$462
27 years$5,023$3,737$2,738$1,980$1,416$393
28 years$4,792$3,522$2,545$1,814$1,277$334
29 years$4,577$3,322$2,369$1,663$1,153$284
30 years$4,376$3,137$2,206$1,526$1,042$242
31 years$4,189$2,966$2,057$1,402$942$206
32 years$4,014$2,806$1,919$1,288$852$175
33 years$3,850$2,658$1,792$1,185$771$149
34 years$3,696$2,519$1,674$1,090$698$127
35 years$3,551$2,389$1,565$1,003$633$108
36 years$3,415$2,268$1,464$924$573$92
37 years$3,286$2,154$1,370$852$519$79
38 years$3,164$2,047$1,283$785$471$67
39 years$3,049$1,946$1,202$724$427$57
40 years$2,939$1,852$1,127$667$387$49
41 years$2,836$1,763$1,057$616$351$42
42 years$2,737$1,679$991$568$319$35
43 years$2,644$1,599$930$525$289$30
44 years$2,555$1,525$873$484$263$26
45 years$2,470$1,454$820$447$238$22
46 years$2,389$1,387$770$413$217$19
47 years$2,311$1,324$723$382$197$16
48 years$2,237$1,264$680$353$179$14
49 years$2,167$1,207$639$326$162$12
50 years$2,099$1,153$601$301$147$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,150,000, adding $6,635 every year, while hoping to spend $44,851 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: 60/10/30 Blend
54$2,150,000$2,150,000$2,150,000$2,150,000
55$2,376,144$2,262,194$2,228,869$2,498,950
56$2,570,790$2,325,320$2,255,815$2,646,782
57$2,783,786$2,390,037$2,282,160$2,802,686
58$3,016,957$2,456,374$2,307,838$2,971,897
59$3,272,312$2,524,362$2,332,776$3,155,724
60$3,552,064$2,594,031$2,356,900$3,355,609
61$3,858,649$2,665,413$2,380,130$3,573,143
62$4,194,750$2,738,537$2,402,384$3,810,077
63$4,563,322$2,813,433$2,423,572$4,068,341
64$4,967,622$2,890,132$2,443,602$4,350,062
65$5,411,233$2,968,662$2,462,376$4,657,584
66$5,898,105$3,049,054$2,479,792$4,993,488
67$6,432,589$3,131,334$2,495,742$5,360,621
68$7,019,476$3,215,532$2,510,112$5,762,119
69$7,664,044$3,301,675$2,522,783$6,201,439
70$8,372,108$3,389,788$2,533,628$6,682,388
71$9,150,074$3,479,899$2,542,515$7,209,164
72$10,004,999$3,572,032$2,549,307$7,786,393
73$10,944,658$3,666,210$2,553,858$8,419,174
74$11,977,615$3,762,456$2,556,014$9,113,123
75$13,113,306$3,860,791$2,555,615$9,874,434
76$14,362,128$3,961,235$2,552,493$10,709,931
77$15,735,535$4,063,805$2,546,471$11,627,133
78$17,246,147$4,168,519$2,537,365$12,634,329
79$18,907,866$4,275,388$2,524,979$13,740,655
80$20,736,013$4,384,427$2,509,111$14,956,178
81$22,747,467$4,495,645$2,489,546$16,291,993
82$24,960,825$4,609,048$2,466,063$17,760,329
83$27,396,579$4,724,641$2,438,425$19,374,662
84$30,077,307$4,842,425$2,406,389$21,149,847
85$33,027,887$4,962,399$2,369,698$23,102,252
86$36,275,731$5,084,555$2,328,082$25,249,919
87$39,851,043$5,208,887$2,281,261$27,612,731
88$43,787,106$5,335,378$2,228,939$30,212,602
89$48,120,591$5,464,013$2,170,810$33,073,682
90$52,891,909$5,594,767$2,106,549$36,222,588
91$58,145,587$5,727,613$2,035,822$39,688,655
92$63,930,689$5,862,518$1,958,274$43,504,211
93$70,301,280$5,999,442$1,873,537$47,704,886
94$77,316,935$6,138,340$1,781,225$52,329,947
95$85,043,303$6,279,159$1,680,936$57,422,671
96$93,552,722$6,421,839$1,572,249$63,030,751
97$102,924,903$6,566,314$1,454,724$69,206,750
98$113,247,686$6,712,506$1,327,900$76,008,596
99$124,617,863$6,860,332$1,191,297$83,500,132
100$137,142,094$7,009,697$1,044,415$91,751,715