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

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$178,371$176,782$175,232$173,719$172,241$166,928
2 years$88,302$86,658$85,064$83,519$82,020$76,713
3 years$58,283$56,632$55,042$53,511$52,037$46,903
4 years$43,277$41,630$40,057$38,552$37,113$32,192
5 years$34,275$32,639$31,085$29,611$28,213$23,518
6 years$28,276$26,652$25,122$23,681$22,324$17,859
7 years$23,993$22,382$20,876$19,469$18,155$13,920
8 years$20,782$19,186$17,705$16,332$15,061$11,053
9 years$18,286$16,705$15,249$13,911$12,684$8,898
10 years$16,290$14,724$13,294$11,992$10,807$7,238
11 years$14,658$13,108$11,704$10,436$9,295$5,936
12 years$13,299$11,765$10,387$9,154$8,055$4,899
13 years$12,150$10,632$9,280$8,082$7,024$4,065
14 years$11,166$9,664$8,338$7,174$6,157$3,386
15 years$10,314$8,829$7,528$6,398$5,421$2,831
16 years$9,570$8,100$6,826$5,729$4,791$2,373
17 years$8,913$7,460$6,211$5,147$4,248$1,994
18 years$8,330$6,893$5,670$4,639$3,777$1,678
19 years$7,809$6,389$5,191$4,191$3,367$1,415
20 years$7,341$5,937$4,764$3,796$3,007$1,195
21 years$6,918$5,530$4,382$3,445$2,691$1,010
22 years$6,534$5,162$4,038$3,133$2,412$854
23 years$6,184$4,828$3,729$2,853$2,165$723
24 years$5,863$4,523$3,448$2,602$1,946$613
25 years$5,569$4,245$3,194$2,376$1,751$519
26 years$5,297$3,990$2,962$2,173$1,578$440
27 years$5,047$3,755$2,751$1,989$1,422$374
28 years$4,814$3,538$2,557$1,822$1,283$317
29 years$4,598$3,338$2,380$1,671$1,159$269
30 years$4,397$3,152$2,216$1,533$1,047$229
31 years$4,209$2,980$2,066$1,408$947$194
32 years$4,033$2,819$1,928$1,294$856$165
33 years$3,868$2,670$1,800$1,190$775$140
34 years$3,713$2,531$1,682$1,095$702$119
35 years$3,568$2,400$1,573$1,008$636$101
36 years$3,431$2,278$1,471$928$576$86
37 years$3,301$2,164$1,377$855$522$73
38 years$3,179$2,056$1,289$788$473$62
39 years$3,063$1,955$1,208$727$429$53
40 years$2,953$1,860$1,132$671$389$45
41 years$2,849$1,771$1,062$619$353$38
42 years$2,750$1,687$996$571$320$32
43 years$2,656$1,607$935$527$291$28
44 years$2,566$1,532$877$487$264$23
45 years$2,481$1,461$824$449$240$20
46 years$2,400$1,393$774$415$218$17
47 years$2,322$1,330$727$384$198$14
48 years$2,248$1,269$683$354$179$12
49 years$2,177$1,212$642$328$163$10
50 years$2,109$1,158$604$303$148$9

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 $5,750 every year, while hoping to spend $45,196 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: 63/21/16 Blend
54$2,160,000$2,160,000$2,160,000$2,160,000
55$2,386,251$2,271,771$2,238,291$2,526,777
56$2,581,561$2,335,000$2,265,186$2,685,065
57$2,795,277$2,399,812$2,291,466$2,852,184
58$3,029,230$2,466,237$2,317,065$3,033,599
59$3,285,434$2,534,305$2,341,910$3,230,703
60$3,566,108$2,604,047$2,365,924$3,445,031
61$3,873,697$2,675,491$2,389,028$3,678,274
62$4,210,891$2,748,666$2,411,137$3,932,291
63$4,580,653$2,823,603$2,432,162$4,209,133
64$4,986,250$2,900,329$2,452,009$4,511,057
65$5,431,276$2,978,874$2,470,580$4,840,549
66$5,919,693$3,059,265$2,487,771$5,200,349
67$6,455,862$3,141,530$2,503,472$5,593,473
68$7,044,590$3,225,695$2,517,568$6,023,245
69$7,691,170$3,311,786$2,529,939$6,493,326
70$8,401,434$3,399,828$2,540,457$7,007,750
71$9,181,807$3,489,847$2,548,989$7,570,960
72$10,039,366$3,581,864$2,555,395$8,187,851
73$10,981,909$3,675,902$2,559,527$8,863,818
74$12,018,023$3,771,982$2,561,232$9,604,804
75$13,157,175$3,870,122$2,560,346$10,417,355
76$14,409,789$3,970,340$2,556,700$11,308,688
77$15,787,353$4,072,652$2,550,115$12,286,750
78$17,302,524$4,177,073$2,540,404$13,360,301
79$18,969,245$4,283,613$2,527,371$14,538,993
80$20,802,880$4,392,282$2,510,810$15,833,460
81$22,820,357$4,503,087$2,490,506$17,255,420
82$25,040,328$4,616,033$2,466,232$18,817,787
83$27,483,343$4,731,120$2,437,753$20,534,789
84$30,172,046$4,848,347$2,404,819$22,422,105
85$33,131,386$4,967,708$2,367,173$24,497,014
86$36,388,856$5,089,194$2,324,542$26,778,556
87$39,974,748$5,212,793$2,276,642$29,287,710
88$43,922,438$5,338,486$2,223,175$32,047,598
89$48,268,706$5,466,251$2,163,831$35,083,697
90$53,054,078$5,596,061$2,098,283$38,424,083
91$58,323,210$5,727,884$2,026,192$42,099,696
92$64,125,308$5,861,681$1,947,200$46,144,631
93$70,514,594$5,997,408$1,860,936$50,596,461
94$77,550,814$6,135,013$1,767,009$55,496,590
95$85,299,807$6,274,438$1,665,014$60,890,648
96$93,834,120$6,415,618$1,554,524$66,828,915
97$103,233,695$6,558,478$1,435,096$73,366,805
98$113,586,625$6,702,936$1,306,264$80,565,380
99$124,989,980$6,848,900$1,167,544$88,491,935
100$137,550,730$6,996,268$1,018,428$97,220,626