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%16.9%
1 years$177,545$175,964$174,421$172,915$171,444$166,624
2 years$87,894$86,257$84,670$83,132$81,640$76,821
3 years$58,014$56,370$54,787$53,263$51,796$47,128
4 years$43,077$41,438$39,871$38,373$36,941$32,461
5 years$34,117$32,488$30,942$29,474$28,082$23,802
6 years$28,145$26,529$25,005$23,571$22,220$18,144
7 years$23,882$22,279$20,780$19,379$18,071$14,198
8 years$20,686$19,097$17,623$16,257$14,992$11,320
9 years$18,201$16,627$15,178$13,847$12,625$9,152
10 years$16,215$14,656$13,233$11,936$10,757$7,477
11 years$14,590$13,048$11,650$10,388$9,252$6,160
12 years$13,238$11,711$10,339$9,112$8,017$5,108
13 years$12,094$10,583$9,237$8,044$6,991$4,258
14 years$11,115$9,620$8,300$7,141$6,128$3,564
15 years$10,267$8,788$7,494$6,368$5,396$2,994
16 years$9,525$8,063$6,794$5,702$4,769$2,523
17 years$8,872$7,425$6,182$5,123$4,229$2,130
18 years$8,292$6,861$5,644$4,617$3,760$1,803
19 years$7,773$6,359$5,166$4,172$3,351$1,528
20 years$7,307$5,909$4,742$3,779$2,993$1,297
21 years$6,886$5,504$4,361$3,429$2,679$1,102
22 years$6,504$5,138$4,020$3,118$2,401$937
23 years$6,155$4,805$3,711$2,840$2,155$798
24 years$5,836$4,502$3,432$2,590$1,937$680
25 years$5,543$4,225$3,179$2,365$1,743$580
26 years$5,273$3,971$2,948$2,163$1,570$494
27 years$5,023$3,737$2,738$1,980$1,416$422
28 years$4,792$3,522$2,545$1,814$1,277$360
29 years$4,577$3,322$2,369$1,663$1,153$307
30 years$4,376$3,137$2,206$1,526$1,042$263
31 years$4,189$2,966$2,057$1,402$942$224
32 years$4,014$2,806$1,919$1,288$852$192
33 years$3,850$2,658$1,792$1,185$771$164
34 years$3,696$2,519$1,674$1,090$698$140
35 years$3,551$2,389$1,565$1,003$633$120
36 years$3,415$2,268$1,464$924$573$102
37 years$3,286$2,154$1,370$852$519$87
38 years$3,164$2,047$1,283$785$471$75
39 years$3,049$1,946$1,202$724$427$64
40 years$2,939$1,852$1,127$667$387$55
41 years$2,836$1,763$1,057$616$351$47
42 years$2,737$1,679$991$568$319$40
43 years$2,644$1,599$930$525$289$34
44 years$2,555$1,525$873$484$263$29
45 years$2,470$1,454$820$447$238$25
46 years$2,389$1,387$770$413$217$21
47 years$2,311$1,324$723$382$197$18
48 years$2,237$1,264$680$353$179$16
49 years$2,167$1,207$639$326$162$13
50 years$2,099$1,153$601$301$147$11

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 $6,288 every year, while hoping to spend $31,030 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: 81/11/8 Blend
54$2,150,000$2,150,000$2,150,000$2,150,000
55$2,375,786$2,261,836$2,228,511$2,565,333
56$2,585,101$2,339,650$2,270,151$2,768,175
57$2,814,725$2,420,238$2,312,145$2,986,008
58$3,066,699$2,503,701$2,354,473$3,224,152
59$3,343,267$2,590,147$2,397,113$3,484,624
60$3,646,904$2,679,688$2,440,040$3,769,641
61$3,980,334$2,772,439$2,483,228$4,081,647
62$4,346,560$2,868,520$2,526,648$4,423,335
63$4,748,889$2,968,057$2,570,270$4,797,667
64$5,190,962$3,071,179$2,614,061$5,207,908
65$5,676,794$3,178,021$2,657,986$5,657,652
66$6,210,807$3,288,723$2,702,007$6,150,861
67$6,797,870$3,403,431$2,746,086$6,691,895
68$7,443,351$3,522,298$2,790,178$7,285,558
69$8,153,162$3,645,480$2,834,238$7,937,143
70$8,933,818$3,773,141$2,878,218$8,652,480
71$9,792,495$3,905,453$2,922,066$9,437,991
72$10,737,101$4,042,591$2,965,727$10,300,750
73$11,776,348$4,184,741$3,009,142$11,248,550
74$12,919,837$4,332,095$3,052,249$12,289,978
75$14,178,144$4,484,851$3,094,983$13,434,493
76$15,562,924$4,643,218$3,137,274$14,692,515
77$17,087,017$4,807,411$3,179,048$16,075,527
78$18,764,573$4,977,655$3,220,227$17,596,177
79$20,611,182$5,154,182$3,260,727$19,268,402
80$22,644,024$5,337,238$3,300,462$21,107,557
81$24,882,025$5,527,074$3,339,339$23,130,560
82$27,346,045$5,723,953$3,377,260$25,356,052
83$30,059,065$5,928,151$3,414,122$27,804,569
84$33,046,411$6,139,951$3,449,816$30,498,742
85$36,335,987$6,359,652$3,484,227$33,463,505
86$39,958,544$6,587,561$3,517,235$36,726,331
87$43,947,965$6,824,000$3,548,711$40,317,492
88$48,341,586$7,069,305$3,578,522$44,270,344
89$53,180,552$7,323,825$3,606,526$48,621,640
90$58,510,197$7,587,922$3,632,574$53,411,878
91$64,380,481$7,861,974$3,656,509$58,685,684
92$70,846,455$8,146,375$3,678,167$64,492,229
93$77,968,782$8,441,536$3,697,374$70,885,695
94$85,814,310$8,747,883$3,713,948$77,925,786
95$94,456,702$9,065,862$3,727,698$85,678,293
96$103,977,132$9,395,936$3,738,422$94,215,710
97$114,465,050$9,738,587$3,745,910$103,617,919
98$126,019,026$10,094,319$3,749,939$113,972,947
99$138,747,682$10,463,656$3,750,278$125,377,793
100$152,770,715$10,847,145$3,746,681$137,939,343