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%17.4%
1 years$179,197$177,600$176,043$174,523$173,039$167,836
2 years$88,711$87,059$85,458$83,905$82,399$77,201
3 years$58,553$56,894$55,297$53,759$52,278$47,247
4 years$43,477$41,823$40,242$38,730$37,285$32,461
5 years$34,434$32,790$31,229$29,749$28,343$23,739
6 years$28,407$26,775$25,238$23,790$22,427$18,046
7 years$24,104$22,486$20,973$19,559$18,239$14,082
8 years$20,878$19,275$17,787$16,408$15,131$11,195
9 years$18,370$16,782$15,320$13,976$12,743$9,023
10 years$16,365$14,793$13,356$12,047$10,857$7,349
11 years$14,726$13,169$11,758$10,485$9,338$6,035
12 years$13,361$11,820$10,435$9,196$8,092$4,988
13 years$12,207$10,682$9,323$8,119$7,056$4,144
14 years$11,218$9,709$8,377$7,207$6,185$3,457
15 years$10,362$8,870$7,563$6,428$5,446$2,894
16 years$9,614$8,138$6,857$5,755$4,813$2,429
17 years$8,954$7,494$6,240$5,171$4,268$2,044
18 years$8,369$6,925$5,696$4,660$3,795$1,723
19 years$7,846$6,418$5,215$4,211$3,382$1,455
20 years$7,375$5,964$4,786$3,814$3,021$1,230
21 years$6,950$5,555$4,402$3,461$2,704$1,041
22 years$6,564$5,186$4,057$3,147$2,423$882
23 years$6,212$4,850$3,746$2,866$2,175$748
24 years$5,890$4,544$3,464$2,614$1,955$635
25 years$5,595$4,265$3,209$2,387$1,759$539
26 years$5,322$4,008$2,976$2,183$1,585$458
27 years$5,070$3,772$2,763$1,998$1,429$389
28 years$4,836$3,554$2,569$1,831$1,289$331
29 years$4,619$3,353$2,391$1,679$1,164$281
30 years$4,417$3,167$2,227$1,541$1,052$239
31 years$4,228$2,994$2,076$1,415$951$204
32 years$4,052$2,832$1,937$1,300$860$173
33 years$3,886$2,682$1,808$1,196$779$147
34 years$3,731$2,542$1,690$1,100$705$125
35 years$3,584$2,411$1,580$1,013$638$107
36 years$3,446$2,289$1,478$933$578$91
37 years$3,316$2,174$1,383$859$524$77
38 years$3,193$2,066$1,295$792$475$66
39 years$3,077$1,964$1,214$730$431$56
40 years$2,967$1,869$1,138$674$391$48
41 years$2,862$1,779$1,067$622$355$41
42 years$2,763$1,694$1,001$574$322$35
43 years$2,668$1,614$939$530$292$30
44 years$2,578$1,539$881$489$265$25
45 years$2,493$1,467$827$452$241$21
46 years$2,411$1,400$777$417$219$18
47 years$2,333$1,336$730$385$198$16
48 years$2,258$1,275$686$356$180$13
49 years$2,187$1,218$645$329$164$11
50 years$2,119$1,163$606$304$149$10

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 $6,204 every year, while hoping to spend $28,766 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: 86/8/6 Blend
54$2,170,000$2,170,000$2,170,000$2,170,000
55$2,397,739$2,282,729$2,249,094$2,602,819
56$2,611,702$2,363,976$2,293,832$2,818,654
57$2,846,525$2,448,240$2,339,105$3,051,169
58$3,104,305$2,535,639$2,384,899$3,305,740
59$3,387,353$2,626,294$2,431,202$3,584,565
60$3,698,213$2,720,333$2,477,998$3,890,067
61$4,039,690$2,817,888$2,525,270$4,224,912
62$4,414,872$2,919,098$2,573,000$4,592,038
63$4,827,161$3,024,106$2,621,168$4,994,680
64$5,280,306$3,133,062$2,669,751$5,436,403
65$5,778,436$3,246,120$2,718,726$5,921,131
66$6,326,100$3,363,444$2,768,068$6,453,188
67$6,928,312$3,485,202$2,817,748$7,037,338
68$7,590,593$3,611,570$2,867,735$7,678,827
69$8,319,028$3,742,732$2,917,999$8,383,434
70$9,120,320$3,878,877$2,968,504$9,157,527
71$10,001,856$4,020,206$3,019,212$10,008,120
72$10,971,773$4,166,924$3,070,083$10,942,941
73$12,039,039$4,319,247$3,121,076$11,970,503
74$13,213,532$4,477,402$3,172,143$13,100,186
75$14,506,138$4,641,620$3,223,236$14,342,322
76$15,928,852$4,812,148$3,274,302$15,708,297
77$17,494,891$4,989,239$3,325,287$17,210,654
78$19,218,816$5,173,158$3,376,130$18,863,212
79$21,116,674$5,364,181$3,426,769$20,681,200
80$23,206,146$5,562,597$3,477,137$22,681,393
81$25,506,715$5,768,706$3,527,163$24,882,277
82$28,039,848$5,982,821$3,576,771$27,304,219
83$30,829,201$6,205,268$3,625,882$29,969,660
84$33,900,842$6,436,388$3,674,411$32,903,328
85$37,283,491$6,676,535$3,722,268$36,132,469
86$41,008,802$6,926,079$3,769,358$39,687,104
87$45,111,649$7,185,407$3,815,581$43,600,312
88$49,630,465$7,454,920$3,860,830$47,908,544
89$54,607,599$7,735,038$3,904,995$52,651,964
90$60,089,718$8,026,198$3,947,956$57,874,827
91$66,128,246$8,328,859$3,989,589$63,625,900
92$72,779,849$8,643,494$4,029,762$69,958,920
93$80,106,971$8,970,603$4,068,337$76,933,099
94$88,178,422$9,310,702$4,105,166$84,613,684
95$97,070,028$9,664,334$4,140,096$93,072,573
96$106,865,346$10,032,061$4,172,964$102,388,992
97$117,656,453$10,414,474$4,203,600$112,650,244
98$129,544,814$10,812,187$4,231,824$123,952,530
99$142,642,242$11,225,840$4,257,447$136,401,859
100$157,071,948$11,656,104$4,280,269$150,115,046