Can I retire at age 55 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$178,371$176,782$175,232$173,719$172,241$168,626
2 years$88,302$86,658$85,064$83,519$82,020$78,394
3 years$58,283$56,632$55,042$53,511$52,037$48,514
4 years$43,277$41,630$40,057$38,552$37,113$33,721
5 years$34,275$32,639$31,085$29,611$28,213$24,960
6 years$28,276$26,652$25,122$23,681$22,324$19,215
7 years$23,993$22,382$20,876$19,469$18,155$15,190
8 years$20,782$19,186$17,705$16,332$15,061$12,239
9 years$18,286$16,705$15,249$13,911$12,684$10,003
10 years$16,290$14,724$13,294$11,992$10,807$8,265
11 years$14,658$13,108$11,704$10,436$9,295$6,887
12 years$13,299$11,765$10,387$9,154$8,055$5,779
13 years$12,150$10,632$9,280$8,082$7,024$4,875
14 years$11,166$9,664$8,338$7,174$6,157$4,132
15 years$10,314$8,829$7,528$6,398$5,421$3,515
16 years$9,570$8,100$6,826$5,729$4,791$3,000
17 years$8,913$7,460$6,211$5,147$4,248$2,566
18 years$8,330$6,893$5,670$4,639$3,777$2,201
19 years$7,809$6,389$5,191$4,191$3,367$1,890
20 years$7,341$5,937$4,764$3,796$3,007$1,627
21 years$6,918$5,530$4,382$3,445$2,691$1,401
22 years$6,534$5,162$4,038$3,133$2,412$1,209
23 years$6,184$4,828$3,729$2,853$2,165$1,044
24 years$5,863$4,523$3,448$2,602$1,946$902
25 years$5,569$4,245$3,194$2,376$1,751$780
26 years$5,297$3,990$2,962$2,173$1,578$675
27 years$5,047$3,755$2,751$1,989$1,422$584
28 years$4,814$3,538$2,557$1,822$1,283$506
29 years$4,598$3,338$2,380$1,671$1,159$439
30 years$4,397$3,152$2,216$1,533$1,047$380
31 years$4,209$2,980$2,066$1,408$947$330
32 years$4,033$2,819$1,928$1,294$856$286
33 years$3,868$2,670$1,800$1,190$775$248
34 years$3,713$2,531$1,682$1,095$702$215
35 years$3,568$2,400$1,573$1,008$636$187
36 years$3,431$2,278$1,471$928$576$162
37 years$3,301$2,164$1,377$855$522$141
38 years$3,179$2,056$1,289$788$473$122
39 years$3,063$1,955$1,208$727$429$106
40 years$2,953$1,860$1,132$671$389$92
41 years$2,849$1,771$1,062$619$353$80
42 years$2,750$1,687$996$571$320$69
43 years$2,656$1,607$935$527$291$60
44 years$2,566$1,532$877$487$264$52
45 years$2,481$1,461$824$449$240$46
46 years$2,400$1,393$774$415$218$40
47 years$2,322$1,330$727$384$198$34
48 years$2,248$1,269$683$354$179$30
49 years$2,177$1,212$642$328$163$26
50 years$2,109$1,158$604$303$148$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,160,000, adding $5,292 every year, while hoping to spend $32,680 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: 76/7/17 Blend
54$2,160,000$2,160,000$2,160,000$2,160,000
55$2,385,779$2,271,299$2,237,819$2,557,619
56$2,594,357$2,347,821$2,278,014$2,748,475
57$2,823,115$2,426,998$2,318,461$2,953,079
58$3,074,076$2,508,924$2,359,133$3,176,524
59$3,349,470$2,593,700$2,400,003$3,420,679
60$3,651,752$2,681,427$2,441,039$3,687,602
61$3,983,627$2,772,213$2,482,210$3,979,561
62$4,348,074$2,866,169$2,523,481$4,299,054
63$4,748,376$2,963,409$2,564,816$4,648,831
64$5,188,147$3,064,053$2,606,174$5,031,923
65$5,671,371$3,168,225$2,647,514$5,451,667
66$6,202,436$3,276,053$2,688,791$5,911,741
67$6,786,177$3,387,672$2,729,957$6,416,193
68$7,427,918$3,503,219$2,770,962$6,969,486
69$8,133,528$3,622,839$2,811,751$7,576,536
70$8,909,470$3,746,681$2,852,268$8,242,758
71$9,762,868$3,874,900$2,892,451$8,974,118
72$10,701,568$4,007,658$2,932,236$9,777,188
73$11,734,217$4,145,122$2,971,554$10,659,210
74$12,870,341$4,287,466$3,010,335$11,628,162
75$14,120,434$4,434,871$3,048,500$12,692,836
76$15,496,063$4,587,524$3,085,969$13,862,916
77$17,009,970$4,745,621$3,122,657$15,149,074
78$18,676,194$4,909,363$3,158,473$16,563,069
79$20,510,205$5,078,962$3,193,322$18,117,855
80$22,529,051$5,254,636$3,227,103$19,827,707
81$24,751,514$5,436,613$3,259,710$21,708,355
82$27,198,289$5,625,128$3,291,032$23,777,130
83$29,892,182$5,820,427$3,320,949$26,053,129
84$32,858,322$6,022,765$3,349,338$28,557,395
85$36,124,398$6,232,407$3,376,068$31,313,116
86$39,720,922$6,449,630$3,401,001$34,345,841
87$43,681,513$6,674,720$3,423,992$37,683,724
88$48,043,220$6,907,974$3,444,889$41,357,788
89$52,846,867$7,149,702$3,463,530$45,402,220
90$58,137,437$7,400,228$3,479,749$49,854,688
91$63,964,502$7,659,885$3,493,366$54,756,702
92$70,382,684$7,929,022$3,504,197$60,154,005
93$77,452,175$8,208,002$3,512,045$66,096,999
94$85,239,304$8,497,201$3,516,706$72,641,229
95$93,817,161$8,797,011$3,517,963$79,847,900
96$103,266,288$9,107,841$3,515,591$87,784,459
97$113,675,438$9,430,115$3,509,353$96,525,227
98$125,142,416$9,764,274$3,498,999$106,152,107
99$137,774,996$10,110,777$3,484,269$116,755,350
100$151,691,943$10,470,102$3,464,889$128,434,412