Can I retire at age 55 with 2,180,000?

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 $2,180,000?

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 years$180,022$178,419$176,854$175,327$173,836$172,380
2 years$89,120$87,460$85,852$84,292$82,779$81,311
3 years$58,823$57,156$55,552$54,007$52,519$51,085
4 years$43,678$42,016$40,427$38,909$37,457$36,068
5 years$34,593$32,941$31,373$29,886$28,474$27,134
6 years$28,538$26,899$25,354$23,900$22,530$21,242
7 years$24,215$22,590$21,070$19,649$18,323$17,086
8 years$20,974$19,363$17,869$16,483$15,201$14,015
9 years$18,455$16,859$15,390$14,040$12,801$11,666
10 years$16,441$14,861$13,418$12,103$10,907$9,823
11 years$14,794$13,230$11,813$10,533$9,381$8,346
12 years$13,422$11,874$10,483$9,239$8,129$7,143
13 years$12,263$10,731$9,366$8,157$7,089$6,150
14 years$11,270$9,754$8,416$7,240$6,214$5,322
15 years$10,410$8,910$7,598$6,457$5,471$4,624
16 years$9,658$8,175$6,889$5,782$4,836$4,032
17 years$8,996$7,529$6,269$5,195$4,288$3,526
18 years$8,407$6,957$5,722$4,682$3,812$3,092
19 years$7,882$6,448$5,239$4,230$3,398$2,717
20 years$7,409$5,992$4,808$3,831$3,035$2,392
21 years$6,982$5,581$4,422$3,477$2,716$2,110
22 years$6,594$5,210$4,076$3,162$2,435$1,864
23 years$6,241$4,872$3,763$2,879$2,185$1,648
24 years$5,918$4,565$3,480$2,626$1,964$1,459
25 years$5,620$4,284$3,223$2,398$1,768$1,293
26 years$5,347$4,026$2,990$2,193$1,592$1,147
27 years$5,093$3,789$2,776$2,007$1,435$1,018
28 years$4,859$3,571$2,581$1,839$1,295$904
29 years$4,641$3,369$2,402$1,686$1,170$803
30 years$4,438$3,181$2,237$1,548$1,057$714
31 years$4,248$3,007$2,086$1,421$955$635
32 years$4,070$2,846$1,946$1,306$864$565
33 years$3,904$2,695$1,817$1,201$782$503
34 years$3,748$2,554$1,698$1,105$708$448
35 years$3,601$2,422$1,587$1,017$641$399
36 years$3,462$2,299$1,485$937$581$356
37 years$3,332$2,184$1,390$863$527$317
38 years$3,208$2,075$1,301$796$478$283
39 years$3,091$1,973$1,219$734$433$252
40 years$2,980$1,878$1,143$677$393$225
41 years$2,875$1,787$1,072$624$356$200
42 years$2,775$1,702$1,005$576$323$179
43 years$2,681$1,622$943$532$293$159
44 years$2,590$1,546$885$491$266$142
45 years$2,504$1,474$831$454$242$127
46 years$2,422$1,406$781$419$220$113
47 years$2,344$1,342$734$387$199$101
48 years$2,269$1,281$689$358$181$90
49 years$2,197$1,223$648$331$164$80
50 years$2,128$1,169$609$306$149$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,180,000, adding $5,532 every year, while hoping to spend $24,400 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: 73/22/5 Blend
54$2,180,000$2,180,000$2,180,000$2,180,000
55$2,408,066$2,292,526$2,258,736$2,582,486
56$2,627,728$2,378,899$2,308,443$2,784,449
57$2,868,977$2,468,685$2,358,996$3,001,929
58$3,133,990$2,562,028$2,410,400$3,239,392
59$3,425,164$2,659,075$2,462,655$3,498,803
60$3,745,140$2,759,979$2,515,764$3,782,320
61$4,096,828$2,864,902$2,569,726$4,092,322
62$4,483,433$2,974,011$2,624,540$4,431,426
63$4,908,487$3,087,481$2,680,206$4,802,514
64$5,375,881$3,205,496$2,736,721$5,208,757
65$5,889,900$3,328,245$2,794,081$5,653,649
66$6,455,269$3,455,927$2,852,281$6,141,033
67$7,077,190$3,588,751$2,911,316$6,675,144
68$7,761,396$3,726,933$2,971,178$7,260,644
69$8,514,205$3,870,699$3,031,859$7,902,666
70$9,342,577$4,020,287$3,093,350$8,606,863
71$10,254,180$4,175,941$3,155,637$9,379,462
72$11,257,464$4,337,920$3,218,709$10,227,318
73$12,361,741$4,506,493$3,282,551$11,157,983
74$13,577,268$4,681,941$3,347,146$12,179,774
75$14,915,349$4,864,556$3,412,475$13,301,851
76$16,388,441$5,054,645$3,478,519$14,534,304
77$18,010,267$5,252,528$3,545,255$15,888,247
78$19,795,952$5,458,539$3,612,658$17,375,921
79$21,762,158$5,673,027$3,680,701$19,010,811
80$23,927,248$5,896,355$3,749,354$20,807,772
81$26,311,455$6,128,905$3,818,586$22,783,167
82$28,937,077$6,371,074$3,888,362$24,955,022
83$31,828,680$6,623,278$3,958,643$27,343,196
84$35,013,337$6,885,950$4,029,390$29,969,565
85$38,520,880$7,159,545$4,100,557$32,858,230
86$42,384,183$7,444,536$4,172,099$36,035,744
87$46,639,469$7,741,417$4,243,963$39,531,360
88$51,326,655$8,050,707$4,316,096$43,377,305
89$56,489,728$8,372,946$4,388,440$47,609,087
90$62,177,159$8,708,698$4,460,931$52,265,826
91$68,442,360$9,058,556$4,533,503$57,390,624
92$75,344,190$9,423,134$4,606,085$63,030,969
93$82,947,510$9,803,080$4,678,601$69,239,184
94$91,323,791$10,199,066$4,750,970$76,072,917
95$100,551,796$10,611,799$4,823,105$83,595,686
96$110,718,316$11,042,014$4,894,916$91,877,479
97$121,918,994$11,490,482$4,966,305$100,995,409
98$134,259,224$11,958,009$5,037,169$111,034,442
99$147,855,150$12,445,435$5,107,399$122,088,199
100$162,834,756$12,953,643$5,176,878$134,259,837