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

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$179,197$177,600$176,043$174,523$173,039$171,517
2 years$88,711$87,059$85,458$83,905$82,399$80,866
3 years$58,553$56,894$55,297$53,759$52,278$50,780
4 years$43,477$41,823$40,242$38,730$37,285$35,835
5 years$34,434$32,790$31,229$29,749$28,343$26,945
6 years$28,407$26,775$25,238$23,790$22,427$21,082
7 years$24,104$22,486$20,973$19,559$18,239$16,948
8 years$20,878$19,275$17,787$16,408$15,131$13,894
9 years$18,370$16,782$15,320$13,976$12,743$11,559
10 years$16,365$14,793$13,356$12,047$10,857$9,727
11 years$14,726$13,169$11,758$10,485$9,338$8,259
12 years$13,361$11,820$10,435$9,196$8,092$7,064
13 years$12,207$10,682$9,323$8,119$7,056$6,078
14 years$11,218$9,709$8,377$7,207$6,185$5,256
15 years$10,362$8,870$7,563$6,428$5,446$4,564
16 years$9,614$8,138$6,857$5,755$4,813$3,977
17 years$8,954$7,494$6,240$5,171$4,268$3,476
18 years$8,369$6,925$5,696$4,660$3,795$3,046
19 years$7,846$6,418$5,215$4,211$3,382$2,674
20 years$7,375$5,964$4,786$3,814$3,021$2,353
21 years$6,950$5,555$4,402$3,461$2,704$2,074
22 years$6,564$5,186$4,057$3,147$2,423$1,830
23 years$6,212$4,850$3,746$2,866$2,175$1,617
24 years$5,890$4,544$3,464$2,614$1,955$1,431
25 years$5,595$4,265$3,209$2,387$1,759$1,267
26 years$5,322$4,008$2,976$2,183$1,585$1,123
27 years$5,070$3,772$2,763$1,998$1,429$996
28 years$4,836$3,554$2,569$1,831$1,289$884
29 years$4,619$3,353$2,391$1,679$1,164$785
30 years$4,417$3,167$2,227$1,541$1,052$697
31 years$4,228$2,994$2,076$1,415$951$620
32 years$4,052$2,832$1,937$1,300$860$551
33 years$3,886$2,682$1,808$1,196$779$490
34 years$3,731$2,542$1,690$1,100$705$436
35 years$3,584$2,411$1,580$1,013$638$388
36 years$3,446$2,289$1,478$933$578$346
37 years$3,316$2,174$1,383$859$524$308
38 years$3,193$2,066$1,295$792$475$274
39 years$3,077$1,964$1,214$730$431$244
40 years$2,967$1,869$1,138$674$391$217
41 years$2,862$1,779$1,067$622$355$194
42 years$2,763$1,694$1,001$574$322$173
43 years$2,668$1,614$939$530$292$154
44 years$2,578$1,539$881$489$265$137
45 years$2,493$1,467$827$452$241$122
46 years$2,411$1,400$777$417$219$109
47 years$2,333$1,336$730$385$198$97
48 years$2,258$1,275$686$356$180$87
49 years$2,187$1,218$645$329$164$77
50 years$2,119$1,163$606$304$149$69

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 $6,440 every year, while hoping to spend $42,186 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: 79/12/9 Blend
54$2,170,000$2,170,000$2,170,000$2,170,000
55$2,397,983$2,282,973$2,249,338$2,583,644
56$2,597,692$2,349,953$2,279,805$2,773,383
57$2,816,357$2,418,801$2,309,879$2,975,338
58$3,055,867$2,489,565$2,339,502$3,195,645
59$3,318,303$2,562,291$2,368,613$3,436,114
60$3,605,956$2,637,029$2,397,148$3,698,740
61$3,921,349$2,713,829$2,425,037$3,985,719
62$4,267,261$2,792,741$2,452,210$4,299,472
63$4,646,753$2,873,816$2,478,591$4,642,662
64$5,063,196$2,957,108$2,504,098$5,018,223
65$5,520,304$3,042,668$2,528,648$5,429,389
66$6,022,168$3,130,552$2,552,151$5,879,718
67$6,573,295$3,220,815$2,574,513$6,373,133
68$7,178,648$3,313,511$2,595,636$6,913,952
69$7,843,695$3,408,698$2,615,415$7,506,934
70$8,574,461$3,506,434$2,633,740$8,157,321
71$9,377,582$3,606,775$2,650,497$8,870,887
72$10,260,371$3,709,782$2,665,563$9,653,995
73$11,230,881$3,815,514$2,678,813$10,513,652
74$12,297,988$3,924,032$2,690,110$11,457,579
75$13,471,469$4,035,396$2,699,315$12,494,284
76$14,762,097$4,149,668$2,706,279$13,633,139
77$16,181,739$4,266,910$2,710,848$14,884,469
78$17,743,473$4,387,185$2,712,858$16,259,654
79$19,461,706$4,510,556$2,712,138$17,771,227
80$21,352,314$4,637,087$2,708,509$19,433,000
81$23,432,788$4,766,842$2,701,781$21,260,193
82$25,722,399$4,899,885$2,691,758$23,269,573
83$28,242,385$5,036,280$2,678,233$25,479,616
84$31,016,142$5,176,091$2,660,988$27,910,682
85$34,069,453$5,319,385$2,639,795$30,585,202
86$37,430,727$5,466,223$2,614,418$33,527,893
87$41,131,265$5,616,673$2,584,605$36,765,994
88$45,205,560$5,770,796$2,550,095$40,329,516
89$49,691,619$5,928,656$2,510,615$44,251,530
90$54,631,321$6,090,317$2,465,878$48,568,476
91$60,070,814$6,255,841$2,415,583$53,320,511
92$66,060,949$6,425,290$2,359,417$58,551,884
93$72,657,760$6,598,723$2,297,051$64,311,352
94$79,922,991$6,776,200$2,228,142$70,652,647
95$87,924,681$6,957,778$2,152,330$77,634,974
96$96,737,804$7,143,515$2,069,238$85,323,579
97$106,444,976$7,333,464$1,978,475$93,790,355
98$117,137,238$7,527,678$1,879,628$103,114,529
99$128,914,910$7,726,208$1,772,269$113,383,405
100$141,888,538$7,929,099$1,655,947$124,693,186