Can I retire at age 55 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$180,848$179,237$177,666$176,132$174,634$171,741
2 years$89,529$87,861$86,245$84,679$83,159$80,253
3 years$59,093$57,418$55,807$54,254$52,759$49,930
4 years$43,878$42,209$40,613$39,087$37,628$34,899
5 years$34,751$33,092$31,517$30,023$28,605$25,982
6 years$28,669$27,022$25,471$24,009$22,634$20,121
7 years$24,326$22,693$21,166$19,739$18,407$16,005
8 years$21,071$19,452$17,951$16,559$15,271$12,978
9 years$18,540$16,937$15,461$14,105$12,860$10,677
10 years$16,516$14,929$13,479$12,158$10,957$8,881
11 years$14,862$13,290$11,867$10,581$9,424$7,453
12 years$13,484$11,929$10,531$9,281$8,166$6,298
13 years$12,319$10,780$9,409$8,194$7,121$5,352
14 years$11,321$9,799$8,454$7,274$6,242$4,570
15 years$10,458$8,951$7,633$6,487$5,496$3,917
16 years$9,703$8,213$6,920$5,808$4,858$3,369
17 years$9,037$7,564$6,297$5,219$4,307$2,905
18 years$8,446$6,989$5,749$4,703$3,830$2,511
19 years$7,918$6,477$5,263$4,250$3,414$2,175
20 years$7,443$6,019$4,830$3,849$3,049$1,887
21 years$7,014$5,607$4,442$3,493$2,729$1,639
22 years$6,625$5,234$4,094$3,176$2,446$1,426
23 years$6,270$4,895$3,780$2,892$2,195$1,242
24 years$5,945$4,586$3,496$2,638$1,973$1,082
25 years$5,646$4,304$3,238$2,409$1,776$944
26 years$5,371$4,045$3,003$2,203$1,599$824
27 years$5,117$3,807$2,789$2,016$1,442$720
28 years$4,881$3,587$2,593$1,847$1,301$629
29 years$4,662$3,384$2,413$1,694$1,175$550
30 years$4,458$3,196$2,247$1,555$1,062$481
31 years$4,267$3,021$2,095$1,428$960$421
32 years$4,089$2,859$1,955$1,312$868$369
33 years$3,922$2,707$1,825$1,207$786$323
34 years$3,765$2,566$1,705$1,110$711$283
35 years$3,617$2,434$1,594$1,022$644$248
36 years$3,478$2,310$1,491$941$584$217
37 years$3,347$2,194$1,396$867$529$190
38 years$3,223$2,085$1,307$799$480$167
39 years$3,105$1,983$1,225$737$435$146
40 years$2,994$1,886$1,148$680$395$128
41 years$2,888$1,795$1,076$627$358$112
42 years$2,788$1,710$1,010$579$325$98
43 years$2,693$1,629$948$534$295$86
44 years$2,602$1,553$889$493$268$76
45 years$2,516$1,481$835$456$243$66
46 years$2,433$1,413$784$421$221$58
47 years$2,354$1,348$737$389$200$51
48 years$2,279$1,287$692$359$182$45
49 years$2,207$1,229$651$332$165$39
50 years$2,138$1,174$612$307$150$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,190,000, adding $3,899 every year, while hoping to spend $37,242 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: 40/49/11 Blend
54$2,190,000$2,190,000$2,190,000$2,190,000
55$2,417,402$2,301,332$2,267,387$2,505,991
56$2,624,352$2,374,472$2,303,719$2,641,929
57$2,851,162$2,449,948$2,340,020$2,784,915
58$3,099,820$2,527,834$2,376,250$2,938,764
59$3,372,512$2,608,209$2,412,365$3,104,478
60$3,671,650$2,691,152$2,448,321$3,283,152
61$3,999,886$2,776,747$2,484,068$3,475,996
62$4,360,145$2,865,078$2,519,554$3,684,335
63$4,755,647$2,956,234$2,554,726$3,909,629
64$5,189,939$3,050,306$2,589,526$4,153,481
65$5,666,929$3,147,387$2,623,892$4,417,656
66$6,190,922$3,247,575$2,657,758$4,704,093
67$6,766,661$3,350,971$2,691,058$5,014,927
68$7,399,369$3,457,677$2,723,717$5,352,506
69$8,094,802$3,567,801$2,755,659$5,719,413
70$8,859,302$3,681,453$2,786,803$6,118,491
71$9,699,853$3,798,747$2,817,064$6,552,869
72$10,624,154$3,919,801$2,846,351$7,025,989
73$11,640,682$4,044,736$2,874,569$7,541,641
74$12,758,782$4,173,679$2,901,617$8,103,997
75$13,988,747$4,306,758$2,927,390$8,717,649
76$15,341,918$4,444,108$2,951,777$9,387,653
77$16,830,792$4,585,867$2,974,659$10,119,574
78$18,469,136$4,732,179$2,995,914$10,919,543
79$20,272,123$4,883,190$3,015,412$11,794,306
80$22,256,466$5,039,053$3,033,015$12,751,296
81$24,440,586$5,199,926$3,048,581$13,798,696
82$26,844,775$5,365,972$3,061,958$14,945,518
83$29,491,395$5,537,358$3,072,987$16,201,688
84$32,405,088$5,714,259$3,081,502$17,578,138
85$35,613,002$5,896,853$3,087,328$19,086,907
86$39,145,056$6,085,326$3,090,280$20,741,259
87$43,034,214$6,279,869$3,090,167$22,555,801
88$47,316,801$6,480,681$3,086,786$24,546,624
89$52,032,845$6,687,964$3,079,923$26,731,453
90$57,226,452$6,901,932$3,069,357$29,129,813
91$62,946,224$7,122,800$3,054,855$31,763,214
92$69,245,717$7,350,795$3,036,171$34,655,351
93$76,183,946$7,586,150$3,013,048$37,832,330
94$83,825,943$7,829,105$2,985,219$41,322,908
95$92,243,366$8,079,909$2,952,401$45,158,771
96$101,515,183$8,338,818$2,914,300$49,374,825
97$111,728,410$8,606,098$2,870,607$54,009,529
98$122,978,934$8,882,023$2,820,999$59,105,253
99$135,372,420$9,166,877$2,765,137$64,708,683
100$149,025,304$9,460,952$2,702,667$70,871,255