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

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$177,545$175,964$174,421$172,915$171,444$168,396
2 years$87,894$86,257$84,670$83,132$81,640$78,580
3 years$58,014$56,370$54,787$53,263$51,796$48,818
4 years$43,077$41,438$39,871$38,373$36,941$34,069
5 years$34,117$32,488$30,942$29,474$28,082$25,324
6 years$28,145$26,529$25,005$23,571$22,220$19,580
7 years$23,882$22,279$20,780$19,379$18,071$15,549
8 years$20,686$19,097$17,623$16,257$14,992$12,587
9 years$18,201$16,627$15,178$13,847$12,625$10,336
10 years$16,215$14,656$13,233$11,936$10,757$8,582
11 years$14,590$13,048$11,650$10,388$9,252$7,188
12 years$13,238$11,711$10,339$9,112$8,017$6,062
13 years$12,094$10,583$9,237$8,044$6,991$5,142
14 years$11,115$9,620$8,300$7,141$6,128$4,381
15 years$10,267$8,788$7,494$6,368$5,396$3,748
16 years$9,525$8,063$6,794$5,702$4,769$3,216
17 years$8,872$7,425$6,182$5,123$4,229$2,768
18 years$8,292$6,861$5,644$4,617$3,760$2,387
19 years$7,773$6,359$5,166$4,172$3,351$2,063
20 years$7,307$5,909$4,742$3,779$2,993$1,786
21 years$6,886$5,504$4,361$3,429$2,679$1,548
22 years$6,504$5,138$4,020$3,118$2,401$1,343
23 years$6,155$4,805$3,711$2,840$2,155$1,167
24 years$5,836$4,502$3,432$2,590$1,937$1,015
25 years$5,543$4,225$3,179$2,365$1,743$883
26 years$5,273$3,971$2,948$2,163$1,570$769
27 years$5,023$3,737$2,738$1,980$1,416$670
28 years$4,792$3,522$2,545$1,814$1,277$585
29 years$4,577$3,322$2,369$1,663$1,153$510
30 years$4,376$3,137$2,206$1,526$1,042$445
31 years$4,189$2,966$2,057$1,402$942$388
32 years$4,014$2,806$1,919$1,288$852$339
33 years$3,850$2,658$1,792$1,185$771$296
34 years$3,696$2,519$1,674$1,090$698$259
35 years$3,551$2,389$1,565$1,003$633$226
36 years$3,415$2,268$1,464$924$573$197
37 years$3,286$2,154$1,370$852$519$173
38 years$3,164$2,047$1,283$785$471$151
39 years$3,049$1,946$1,202$724$427$132
40 years$2,939$1,852$1,127$667$387$115
41 years$2,836$1,763$1,057$616$351$101
42 years$2,737$1,679$991$568$319$88
43 years$2,644$1,599$930$525$289$77
44 years$2,555$1,525$873$484$263$67
45 years$2,470$1,454$820$447$238$59
46 years$2,389$1,387$770$413$217$52
47 years$2,311$1,324$723$382$197$45
48 years$2,237$1,264$680$353$179$39
49 years$2,167$1,207$639$326$162$35
50 years$2,099$1,153$601$301$147$30

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 $2,108 every year, while hoping to spend $56,182 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: 84/10/6 Blend
54$2,150,000$2,150,000$2,150,000$2,150,000
55$2,371,474$2,257,524$2,224,199$2,569,762
56$2,553,588$2,308,366$2,238,933$2,750,324
57$2,752,393$2,359,816$2,252,277$2,940,753
58$2,969,535$2,411,844$2,264,126$3,148,129
59$3,206,822$2,464,418$2,274,368$3,374,116
60$3,466,245$2,517,502$2,282,887$3,620,547
61$3,749,998$2,571,056$2,289,559$3,889,440
62$4,060,494$2,625,034$2,294,256$4,183,018
63$4,400,393$2,679,390$2,296,843$4,503,728
64$4,772,623$2,734,069$2,297,176$4,854,267
65$5,180,406$2,789,015$2,295,108$5,237,603
66$5,627,295$2,844,163$2,290,481$5,657,007
67$6,117,198$2,899,446$2,283,131$6,116,082
68$6,654,423$2,954,790$2,272,886$6,618,795
69$7,243,712$3,010,113$2,259,567$7,169,519
70$7,890,291$3,065,329$2,242,983$7,773,070
71$8,599,915$3,120,344$2,222,936$8,434,751
72$9,378,922$3,175,057$2,199,220$9,160,408
73$10,234,294$3,229,357$2,171,617$9,956,480
74$11,173,725$3,283,128$2,139,898$10,830,061
75$12,205,686$3,336,243$2,103,826$11,788,967
76$13,339,513$3,388,566$2,063,152$12,841,809
77$14,585,490$3,439,951$2,017,613$13,998,075
78$15,954,944$3,490,243$1,966,938$15,268,219
79$17,460,357$3,539,274$1,910,839$16,663,760
80$19,115,480$3,586,865$1,849,018$18,197,388
81$20,935,461$3,632,824$1,781,163$19,883,089
82$22,936,992$3,676,946$1,706,946$21,736,271
83$25,138,462$3,719,013$1,626,025$23,773,913
84$27,560,131$3,758,790$1,538,043$26,014,723
85$30,224,323$3,796,030$1,442,626$28,479,318
86$33,155,634$3,830,466$1,339,384$31,190,413
87$36,381,165$3,861,814$1,227,909$34,173,040
88$39,930,775$3,889,774$1,107,775$37,454,782
89$43,837,365$3,914,024$978,537$41,066,034
90$48,137,187$3,934,222$839,728$45,040,290
91$52,870,186$3,950,005$690,865$49,414,457
92$58,080,375$3,960,986$531,440$54,229,208
93$63,816,253$3,966,754$360,923$59,529,359
94$70,131,259$3,966,872$178,761$65,364,299
95$77,084,276$3,960,877$0$71,788,452
96$84,740,189$3,948,277$0$78,862,792
97$93,170,494$3,928,549$0$86,664,687
98$102,453,975$3,901,139$0$95,255,550
99$112,677,445$3,865,458$0$104,715,680
100$123,936,562$3,820,884$0$115,133,563