Can I retire at age 55 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$181,674$180,056$178,477$176,936$175,431$173,167
2 years$89,938$88,263$86,639$85,065$83,539$81,261
3 years$59,363$57,681$56,061$54,502$53,000$50,780
4 years$44,078$42,401$40,798$39,266$37,800$35,654
5 years$34,910$33,243$31,661$30,160$28,735$26,669
6 years$28,800$27,146$25,587$24,119$22,737$20,754
7 years$24,437$22,797$21,263$19,830$18,491$16,592
8 years$21,167$19,541$18,033$16,635$15,340$13,524
9 years$18,624$17,014$15,531$14,169$12,919$11,186
10 years$16,592$14,997$13,541$12,214$11,007$9,356
11 years$14,930$13,351$11,921$10,630$9,467$7,895
12 years$13,546$11,983$10,580$9,324$8,204$6,710
13 years$12,375$10,829$9,452$8,231$7,154$5,736
14 years$11,373$9,843$8,493$7,307$6,271$4,928
15 years$10,505$8,992$7,668$6,516$5,521$4,250
16 years$9,747$8,250$6,952$5,835$4,880$3,678
17 years$9,078$7,598$6,326$5,243$4,327$3,192
18 years$8,485$7,021$5,775$4,725$3,847$2,777
19 years$7,954$6,507$5,287$4,269$3,429$2,421
20 years$7,477$6,047$4,852$3,866$3,063$2,114
21 years$7,046$5,632$4,463$3,509$2,741$1,850
22 years$6,655$5,257$4,113$3,191$2,457$1,620
23 years$6,298$4,917$3,798$2,906$2,205$1,421
24 years$5,972$4,607$3,512$2,650$1,982$1,247
25 years$5,672$4,323$3,253$2,420$1,784$1,096
26 years$5,396$4,063$3,017$2,213$1,607$963
27 years$5,140$3,824$2,802$2,026$1,449$848
28 years$4,903$3,603$2,604$1,856$1,307$746
29 years$4,683$3,399$2,424$1,702$1,180$657
30 years$4,478$3,210$2,258$1,562$1,066$579
31 years$4,287$3,035$2,105$1,434$964$511
32 years$4,108$2,872$1,964$1,318$872$450
33 years$3,940$2,719$1,833$1,212$789$397
34 years$3,782$2,577$1,713$1,115$715$350
35 years$3,634$2,445$1,602$1,027$647$309
36 years$3,494$2,320$1,498$946$586$273
37 years$3,362$2,204$1,402$871$532$241
38 years$3,238$2,094$1,313$803$482$213
39 years$3,120$1,992$1,230$740$437$188
40 years$3,008$1,895$1,153$683$396$166
41 years$2,902$1,804$1,081$630$360$147
42 years$2,801$1,718$1,014$582$326$130
43 years$2,705$1,637$952$537$296$115
44 years$2,614$1,560$893$496$269$101
45 years$2,527$1,488$839$458$244$89
46 years$2,444$1,419$788$423$222$79
47 years$2,365$1,354$740$391$201$70
48 years$2,289$1,293$696$361$183$62
49 years$2,217$1,235$654$334$166$55
50 years$2,148$1,179$615$308$151$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,200,000, adding $5,902 every year, while hoping to spend $39,174 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: 33/44/23 Blend
54$2,200,000$2,200,000$2,200,000$2,200,000
55$2,430,488$2,313,888$2,279,788$2,493,403
56$2,636,717$2,385,588$2,314,480$2,612,746
57$2,862,668$2,459,488$2,349,021$2,737,318
58$3,110,312$2,535,654$2,383,365$2,870,781
59$3,381,819$2,614,156$2,417,463$3,013,944
60$3,679,579$2,695,064$2,451,262$3,167,696
61$4,006,223$2,778,450$2,484,707$3,333,014
62$4,364,652$2,864,388$2,517,739$3,510,975
63$4,758,060$2,952,956$2,550,296$3,702,760
64$5,189,964$3,044,233$2,582,313$3,909,668
65$5,664,239$3,138,299$2,613,719$4,133,132
66$6,185,155$3,235,239$2,644,442$4,374,724
67$6,757,414$3,335,139$2,674,404$4,636,176
68$7,386,196$3,438,087$2,703,523$4,919,394
69$8,077,209$3,544,175$2,731,712$5,226,474
70$8,836,741$3,653,495$2,758,881$5,559,725
71$9,671,718$3,766,146$2,784,933$5,921,688
72$10,589,772$3,882,226$2,809,767$6,315,160
73$11,599,311$4,001,838$2,833,277$6,743,221
74$12,709,599$4,125,086$2,855,349$7,209,262
75$13,930,841$4,252,078$2,875,867$7,717,015
76$15,274,284$4,382,927$2,894,705$8,270,592
77$16,752,316$4,517,745$2,911,733$8,874,522
78$18,378,589$4,656,652$2,926,813$9,533,789
79$20,168,144$4,799,767$2,939,800$10,253,885
80$22,137,555$4,947,215$2,950,544$11,040,860
81$24,305,082$5,099,125$2,958,883$11,901,374
82$26,690,845$5,255,627$2,964,651$12,842,767
83$29,317,016$5,416,858$2,967,671$13,873,121
84$32,208,023$5,582,955$2,967,759$15,001,340
85$35,390,784$5,754,062$2,964,722$16,237,234
86$38,894,959$5,930,326$2,958,355$17,591,608
87$42,753,230$6,111,898$2,948,446$19,076,367
88$47,001,612$6,298,933$2,934,771$20,704,627
89$51,679,786$6,491,591$2,917,095$22,490,836
90$56,831,480$6,690,035$2,895,174$24,450,915
91$62,504,879$6,894,434$2,868,750$26,602,401
92$68,753,076$7,104,961$2,837,553$28,964,620
93$75,634,580$7,321,794$2,801,301$31,558,865
94$83,213,861$7,545,116$2,759,698$34,408,593
95$91,561,962$7,775,114$2,712,435$37,539,655
96$100,757,168$8,011,980$2,659,188$40,980,532
97$110,885,746$8,255,914$2,599,617$44,762,606
98$122,042,756$8,507,118$2,533,368$48,920,457
99$134,332,951$8,765,800$2,460,070$53,492,187
100$147,871,763$9,032,176$2,379,334$58,519,782