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

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$180,848$179,237$177,666$176,132$174,634$170,481
2 years$89,529$87,861$86,245$84,679$83,159$79,000
3 years$59,093$57,418$55,807$54,254$52,759$48,723
4 years$43,878$42,209$40,613$39,087$37,628$33,747
5 years$34,751$33,092$31,517$30,023$28,605$24,888
6 years$28,669$27,022$25,471$24,009$22,634$19,086
7 years$24,326$22,693$21,166$19,739$18,407$15,029
8 years$21,071$19,452$17,951$16,559$15,271$12,060
9 years$18,540$16,937$15,461$14,105$12,860$9,815
10 years$16,516$14,929$13,479$12,158$10,957$8,074
11 years$14,862$13,290$11,867$10,581$9,424$6,699
12 years$13,484$11,929$10,531$9,281$8,166$5,595
13 years$12,319$10,780$9,409$8,194$7,121$4,698
14 years$11,321$9,799$8,454$7,274$6,242$3,963
15 years$10,458$8,951$7,633$6,487$5,496$3,355
16 years$9,703$8,213$6,920$5,808$4,858$2,849
17 years$9,037$7,564$6,297$5,219$4,307$2,425
18 years$8,446$6,989$5,749$4,703$3,830$2,069
19 years$7,918$6,477$5,263$4,250$3,414$1,768
20 years$7,443$6,019$4,830$3,849$3,049$1,513
21 years$7,014$5,607$4,442$3,493$2,729$1,297
22 years$6,625$5,234$4,094$3,176$2,446$1,113
23 years$6,270$4,895$3,780$2,892$2,195$955
24 years$5,945$4,586$3,496$2,638$1,973$821
25 years$5,646$4,304$3,238$2,409$1,776$706
26 years$5,371$4,045$3,003$2,203$1,599$608
27 years$5,117$3,807$2,789$2,016$1,442$523
28 years$4,881$3,587$2,593$1,847$1,301$451
29 years$4,662$3,384$2,413$1,694$1,175$388
30 years$4,458$3,196$2,247$1,555$1,062$335
31 years$4,267$3,021$2,095$1,428$960$288
32 years$4,089$2,859$1,955$1,312$868$249
33 years$3,922$2,707$1,825$1,207$786$214
34 years$3,765$2,566$1,705$1,110$711$185
35 years$3,617$2,434$1,594$1,022$644$160
36 years$3,478$2,310$1,491$941$584$138
37 years$3,347$2,194$1,396$867$529$119
38 years$3,223$2,085$1,307$799$480$103
39 years$3,105$1,983$1,225$737$435$89
40 years$2,994$1,886$1,148$680$395$76
41 years$2,888$1,795$1,076$627$358$66
42 years$2,788$1,710$1,010$579$325$57
43 years$2,693$1,629$948$534$295$49
44 years$2,602$1,553$889$493$268$42
45 years$2,516$1,481$835$456$243$37
46 years$2,433$1,413$784$421$221$32
47 years$2,354$1,348$737$389$200$27
48 years$2,279$1,287$692$359$182$24
49 years$2,207$1,229$651$332$165$20
50 years$2,138$1,174$612$307$150$18

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 $3,452 every year, while hoping to spend $26,064 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: 61/22/17 Blend
54$2,190,000$2,190,000$2,190,000$2,190,000
55$2,416,941$2,300,871$2,266,926$2,553,718
56$2,635,737$2,385,882$2,315,136$2,731,349
57$2,875,977$2,474,184$2,364,087$2,921,891
58$3,139,820$2,565,913$2,413,778$3,129,222
59$3,429,645$2,661,207$2,464,203$3,354,973
60$3,748,074$2,760,211$2,515,360$3,600,939
61$4,097,994$2,863,078$2,567,240$3,869,094
62$4,482,586$2,969,965$2,619,839$4,161,614
63$4,905,354$3,081,037$2,673,148$4,480,889
64$5,370,159$3,196,467$2,727,157$4,829,553
65$5,881,254$3,316,433$2,781,856$5,210,506
66$6,443,326$3,441,122$2,837,233$5,626,938
67$7,061,538$3,570,730$2,893,273$6,082,364
68$7,741,580$3,705,460$2,949,962$6,580,651
69$8,489,718$3,845,525$3,007,283$7,126,059
70$9,312,859$3,991,145$3,065,216$7,723,279
71$10,218,612$4,142,553$3,123,742$8,377,474
72$11,215,360$4,299,988$3,182,838$9,094,334
73$12,312,342$4,463,702$3,242,478$9,880,120
74$13,519,736$4,633,959$3,302,636$10,741,733
75$14,848,758$4,811,032$3,363,283$11,686,768
76$16,311,765$4,995,206$3,424,387$12,723,594
77$17,922,375$5,186,781$3,485,914$13,861,428
78$19,695,591$5,386,067$3,547,826$15,110,420
79$21,647,947$5,593,390$3,610,084$16,481,753
80$23,797,661$5,809,090$3,672,645$17,987,745
81$26,164,807$6,033,519$3,735,463$19,641,963
82$28,771,504$6,267,049$3,798,488$21,459,353
83$31,642,129$6,510,065$3,861,668$23,456,382
84$34,803,538$6,762,971$3,924,947$25,651,187
85$38,285,330$7,026,188$3,988,264$28,063,751
86$42,120,117$7,300,155$4,051,554$30,716,086
87$46,343,838$7,585,331$4,114,750$33,632,446
88$50,996,094$7,882,196$4,177,778$36,839,549
89$56,120,522$8,191,251$4,240,561$40,366,833
90$61,765,212$8,513,018$4,303,016$44,246,728
91$67,983,152$8,848,045$4,365,055$48,514,966
92$74,832,736$9,196,901$4,426,587$53,210,917
93$82,378,309$9,560,184$4,487,512$58,377,955
94$90,690,779$9,938,515$4,547,726$64,063,870
95$99,848,282$10,332,546$4,607,118$70,321,320
96$109,936,922$10,742,956$4,665,572$77,208,321
97$121,051,583$11,170,456$4,722,964$84,788,798
98$133,296,824$11,615,788$4,779,162$93,133,186
99$146,787,866$12,079,727$4,834,030$102,319,095
100$161,651,680$12,563,085$4,887,421$112,432,039