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%16%
1 years$180,848$179,237$177,666$176,132$174,634$170,343
2 years$89,529$87,861$86,245$84,679$83,159$78,862
3 years$59,093$57,418$55,807$54,254$52,759$48,592
4 years$43,878$42,209$40,613$39,087$37,628$33,621
5 years$34,751$33,092$31,517$30,023$28,605$24,769
6 years$28,669$27,022$25,471$24,009$22,634$18,974
7 years$24,326$22,693$21,166$19,739$18,407$14,924
8 years$21,071$19,452$17,951$16,559$15,271$11,962
9 years$18,540$16,937$15,461$14,105$12,860$9,724
10 years$16,516$14,929$13,479$12,158$10,957$7,989
11 years$14,862$13,290$11,867$10,581$9,424$6,620
12 years$13,484$11,929$10,531$9,281$8,166$5,522
13 years$12,319$10,780$9,409$8,194$7,121$4,631
14 years$11,321$9,799$8,454$7,274$6,242$3,901
15 years$10,458$8,951$7,633$6,487$5,496$3,297
16 years$9,703$8,213$6,920$5,808$4,858$2,796
17 years$9,037$7,564$6,297$5,219$4,307$2,377
18 years$8,446$6,989$5,749$4,703$3,830$2,024
19 years$7,918$6,477$5,263$4,250$3,414$1,728
20 years$7,443$6,019$4,830$3,849$3,049$1,476
21 years$7,014$5,607$4,442$3,493$2,729$1,263
22 years$6,625$5,234$4,094$3,176$2,446$1,082
23 years$6,270$4,895$3,780$2,892$2,195$928
24 years$5,945$4,586$3,496$2,638$1,973$796
25 years$5,646$4,304$3,238$2,409$1,776$684
26 years$5,371$4,045$3,003$2,203$1,599$587
27 years$5,117$3,807$2,789$2,016$1,442$505
28 years$4,881$3,587$2,593$1,847$1,301$434
29 years$4,662$3,384$2,413$1,694$1,175$373
30 years$4,458$3,196$2,247$1,555$1,062$321
31 years$4,267$3,021$2,095$1,428$960$276
32 years$4,089$2,859$1,955$1,312$868$238
33 years$3,922$2,707$1,825$1,207$786$205
34 years$3,765$2,566$1,705$1,110$711$176
35 years$3,617$2,434$1,594$1,022$644$152
36 years$3,478$2,310$1,491$941$584$131
37 years$3,347$2,194$1,396$867$529$113
38 years$3,223$2,085$1,307$799$480$97
39 years$3,105$1,983$1,225$737$435$84
40 years$2,994$1,886$1,148$680$395$72
41 years$2,888$1,795$1,076$627$358$62
42 years$2,788$1,710$1,010$579$325$54
43 years$2,693$1,629$948$534$295$46
44 years$2,602$1,553$889$493$268$40
45 years$2,516$1,481$835$456$243$34
46 years$2,433$1,413$784$421$221$30
47 years$2,354$1,348$737$389$200$25
48 years$2,279$1,287$692$359$182$22
49 years$2,207$1,229$651$332$165$19
50 years$2,138$1,174$612$307$150$16

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 $3,375 every year, while hoping to spend $30,830 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: 80/8/12 Blend
54$2,190,000$2,190,000$2,190,000$2,190,000
55$2,416,861$2,300,791$2,266,846$2,604,610
56$2,630,578$2,380,727$2,309,983$2,808,330
57$2,865,061$2,463,547$2,353,531$3,027,493
58$3,122,395$2,549,358$2,397,472$3,267,106
59$3,404,878$2,638,276$2,441,786$3,529,199
60$3,715,040$2,730,416$2,486,451$3,816,011
61$4,055,669$2,825,901$2,531,441$4,130,007
62$4,429,836$2,924,858$2,576,733$4,473,901
63$4,840,922$3,027,420$2,622,297$4,850,685
64$5,292,656$3,133,723$2,668,104$5,263,650
65$5,789,142$3,243,911$2,714,120$5,716,425
66$6,334,904$3,358,132$2,760,313$6,213,005
67$6,934,925$3,476,541$2,806,644$6,757,793
68$7,594,695$3,599,298$2,853,073$7,355,635
69$8,320,261$3,726,572$2,899,559$8,011,875
70$9,118,289$3,858,535$2,946,056$8,732,396
71$9,996,121$3,995,370$2,992,515$9,523,681
72$10,961,847$4,137,264$3,038,885$10,392,870
73$12,024,379$4,284,413$3,085,112$11,347,832
74$13,193,538$4,437,023$3,131,136$12,397,235
75$14,480,147$4,595,304$3,176,897$13,550,629
76$15,896,126$4,759,479$3,222,327$14,818,535
77$17,454,615$4,929,777$3,267,359$16,212,546
78$19,170,087$5,106,437$3,311,917$17,745,436
79$21,058,493$5,289,710$3,355,923$19,431,275
80$23,137,407$5,479,854$3,399,295$21,285,571
81$25,426,196$5,677,140$3,441,944$23,325,408
82$27,946,198$5,881,850$3,483,779$25,569,610
83$30,720,925$6,094,276$3,524,701$28,038,919
84$33,776,288$6,314,723$3,564,607$30,756,189
85$37,140,835$6,543,510$3,603,387$33,746,604
86$40,846,026$6,780,968$3,640,926$37,037,910
87$44,926,526$7,027,441$3,677,103$40,660,685
88$49,420,535$7,283,289$3,711,789$44,648,617
89$54,370,145$7,548,886$3,744,850$49,038,832
90$59,821,740$7,824,621$3,776,142$53,872,237
91$65,826,432$8,110,902$3,805,517$59,193,906
92$72,440,543$8,408,151$3,832,816$65,053,511
93$79,726,137$8,716,809$3,857,875$71,505,783
94$87,751,606$9,037,336$3,880,517$78,611,036
95$96,592,316$9,370,211$3,900,560$86,435,726
96$106,331,314$9,715,934$3,917,811$95,053,090
97$117,060,118$10,075,024$3,932,067$104,543,826
98$128,879,574$10,448,025$3,943,116$114,996,861
99$141,900,814$10,835,501$3,950,733$126,510,188
100$156,246,299$11,238,042$3,954,685$139,191,790