Can I retire at age 55 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$179,197$177,600$176,043$174,523$173,039$171,804
2 years$88,711$87,059$85,458$83,905$82,399$81,155
3 years$58,553$56,894$55,297$53,759$52,278$51,061
4 years$43,477$41,823$40,242$38,730$37,285$36,106
5 years$34,434$32,790$31,229$29,749$28,343$27,205
6 years$28,407$26,775$25,238$23,790$22,427$21,332
7 years$24,104$22,486$20,973$19,559$18,239$17,187
8 years$20,878$19,275$17,787$16,408$15,131$14,122
9 years$18,370$16,782$15,320$13,976$12,743$11,776
10 years$16,365$14,793$13,356$12,047$10,857$9,933
11 years$14,726$13,169$11,758$10,485$9,338$8,455
12 years$13,361$11,820$10,435$9,196$8,092$7,250
13 years$12,207$10,682$9,323$8,119$7,056$6,254
14 years$11,218$9,709$8,377$7,207$6,185$5,422
15 years$10,362$8,870$7,563$6,428$5,446$4,721
16 years$9,614$8,138$6,857$5,755$4,813$4,125
17 years$8,954$7,494$6,240$5,171$4,268$3,615
18 years$8,369$6,925$5,696$4,660$3,795$3,177
19 years$7,846$6,418$5,215$4,211$3,382$2,798
20 years$7,375$5,964$4,786$3,814$3,021$2,469
21 years$6,950$5,555$4,402$3,461$2,704$2,182
22 years$6,564$5,186$4,057$3,147$2,423$1,932
23 years$6,212$4,850$3,746$2,866$2,175$1,712
24 years$5,890$4,544$3,464$2,614$1,955$1,519
25 years$5,595$4,265$3,209$2,387$1,759$1,349
26 years$5,322$4,008$2,976$2,183$1,585$1,200
27 years$5,070$3,772$2,763$1,998$1,429$1,067
28 years$4,836$3,554$2,569$1,831$1,289$950
29 years$4,619$3,353$2,391$1,679$1,164$846
30 years$4,417$3,167$2,227$1,541$1,052$754
31 years$4,228$2,994$2,076$1,415$951$673
32 years$4,052$2,832$1,937$1,300$860$600
33 years$3,886$2,682$1,808$1,196$779$536
34 years$3,731$2,542$1,690$1,100$705$478
35 years$3,584$2,411$1,580$1,013$638$427
36 years$3,446$2,289$1,478$933$578$381
37 years$3,316$2,174$1,383$859$524$341
38 years$3,193$2,066$1,295$792$475$305
39 years$3,077$1,964$1,214$730$431$272
40 years$2,967$1,869$1,138$674$391$243
41 years$2,862$1,779$1,067$622$355$218
42 years$2,763$1,694$1,001$574$322$195
43 years$2,668$1,614$939$530$292$174
44 years$2,578$1,539$881$489$265$156
45 years$2,493$1,467$827$452$241$139
46 years$2,411$1,400$777$417$219$125
47 years$2,333$1,336$730$385$198$111
48 years$2,258$1,275$686$356$180$100
49 years$2,187$1,218$645$329$164$89
50 years$2,119$1,163$606$304$149$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,170,000, adding $4,495 every year, while hoping to spend $48,256 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: 64/19/17 Blend
54$2,170,000$2,170,000$2,170,000$2,170,000
55$2,395,977$2,280,967$2,247,332$2,538,926
56$2,589,022$2,341,390$2,271,273$2,695,822
57$2,800,141$2,403,157$2,294,399$2,861,223
58$3,031,126$2,466,282$2,316,632$3,040,754
59$3,283,950$2,530,779$2,337,889$3,235,794
60$3,560,788$2,596,662$2,358,083$3,447,863
61$3,864,032$2,663,942$2,377,122$3,678,636
62$4,196,318$2,732,630$2,394,911$3,929,958
63$4,560,549$2,802,735$2,411,347$4,203,860
64$4,959,922$2,874,267$2,426,324$4,502,580
65$5,397,959$2,947,230$2,439,731$4,828,583
66$5,878,537$3,021,631$2,451,448$5,184,584
67$6,405,929$3,097,472$2,461,353$5,573,576
68$6,984,840$3,174,754$2,469,314$5,998,855
69$7,620,453$3,253,477$2,475,196$6,464,052
70$8,318,478$3,333,636$2,478,854$6,973,169
71$9,085,205$3,415,227$2,480,138$7,530,614
72$9,927,563$3,498,240$2,478,889$8,141,245
73$10,853,185$3,582,664$2,474,943$8,810,414
74$11,870,481$3,668,485$2,468,124$9,544,019
75$12,988,713$3,755,685$2,458,250$10,348,558
76$14,218,091$3,844,242$2,445,129$11,231,193
77$15,569,857$3,934,131$2,428,562$12,199,813
78$17,056,401$4,025,322$2,408,338$13,263,114
79$18,691,373$4,117,782$2,384,236$14,430,677
80$20,489,812$4,211,472$2,356,027$15,713,062
81$22,468,286$4,306,348$2,323,468$17,121,903
82$24,645,054$4,402,361$2,286,306$18,670,023
83$27,040,229$4,499,456$2,244,277$20,371,551
84$29,675,975$4,597,573$2,197,103$22,242,058
85$32,576,714$4,696,643$2,144,495$24,298,702
86$35,769,352$4,796,591$2,086,149$26,560,395
87$39,283,538$4,897,337$2,021,747$29,047,974
88$43,151,941$4,998,789$1,950,958$31,784,404
89$47,410,558$5,100,848$1,873,434$34,794,993
90$52,099,054$5,203,408$1,788,813$38,107,630
91$57,261,133$5,306,351$1,696,714$41,753,050
92$62,944,955$5,409,549$1,596,740$45,765,124
93$69,203,588$5,512,864$1,488,479$50,181,180
94$76,095,506$5,616,147$1,371,495$55,042,353
95$83,685,144$5,719,234$1,245,336$60,393,976
96$92,043,504$5,821,952$1,109,530$66,286,007
97$101,248,825$5,924,111$963,583$72,773,504
98$111,387,320$6,025,507$806,978$79,917,139
99$122,553,992$6,125,922$639,177$87,783,779
100$134,853,526$6,225,120$459,617$96,447,111