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

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$181,674$180,056$178,477$176,936$175,431$173,383
2 years$89,938$88,263$86,639$85,065$83,539$81,477
3 years$59,363$57,681$56,061$54,502$53,000$50,989
4 years$44,078$42,401$40,798$39,266$37,800$35,855
5 years$34,910$33,243$31,661$30,160$28,735$26,862
6 years$28,800$27,146$25,587$24,119$22,737$20,938
7 years$24,437$22,797$21,263$19,830$18,491$16,767
8 years$21,167$19,541$18,033$16,635$15,340$13,691
9 years$18,624$17,014$15,531$14,169$12,919$11,343
10 years$16,592$14,997$13,541$12,214$11,007$9,505
11 years$14,930$13,351$11,921$10,630$9,467$8,036
12 years$13,546$11,983$10,580$9,324$8,204$6,843
13 years$12,375$10,829$9,452$8,231$7,154$5,861
14 years$11,373$9,843$8,493$7,307$6,271$5,045
15 years$10,505$8,992$7,668$6,516$5,521$4,360
16 years$9,747$8,250$6,952$5,835$4,880$3,781
17 years$9,078$7,598$6,326$5,243$4,327$3,288
18 years$8,485$7,021$5,775$4,725$3,847$2,867
19 years$7,954$6,507$5,287$4,269$3,429$2,505
20 years$7,477$6,047$4,852$3,866$3,063$2,193
21 years$7,046$5,632$4,463$3,509$2,741$1,922
22 years$6,655$5,257$4,113$3,191$2,457$1,687
23 years$6,298$4,917$3,798$2,906$2,205$1,483
24 years$5,972$4,607$3,512$2,650$1,982$1,305
25 years$5,672$4,323$3,253$2,420$1,784$1,149
26 years$5,396$4,063$3,017$2,213$1,607$1,013
27 years$5,140$3,824$2,802$2,026$1,449$893
28 years$4,903$3,603$2,604$1,856$1,307$788
29 years$4,683$3,399$2,424$1,702$1,180$696
30 years$4,478$3,210$2,258$1,562$1,066$615
31 years$4,287$3,035$2,105$1,434$964$543
32 years$4,108$2,872$1,964$1,318$872$480
33 years$3,940$2,719$1,833$1,212$789$425
34 years$3,782$2,577$1,713$1,115$715$376
35 years$3,634$2,445$1,602$1,027$647$333
36 years$3,494$2,320$1,498$946$586$294
37 years$3,362$2,204$1,402$871$532$261
38 years$3,238$2,094$1,313$803$482$231
39 years$3,120$1,992$1,230$740$437$204
40 years$3,008$1,895$1,153$683$396$181
41 years$2,902$1,804$1,081$630$360$160
42 years$2,801$1,718$1,014$582$326$142
43 years$2,705$1,637$952$537$296$126
44 years$2,614$1,560$893$496$269$111
45 years$2,527$1,488$839$458$244$99
46 years$2,444$1,419$788$423$222$87
47 years$2,365$1,354$740$391$201$77
48 years$2,289$1,293$696$361$183$69
49 years$2,217$1,235$654$334$166$61
50 years$2,148$1,179$615$308$151$54

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 $6,714 every year, while hoping to spend $35,100 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: 78/14/8 Blend
54$2,200,000$2,200,000$2,200,000$2,200,000
55$2,431,325$2,314,725$2,280,625$2,617,756
56$2,641,975$2,390,801$2,319,680$2,817,167
57$2,872,933$2,469,428$2,358,867$3,030,582
58$3,126,237$2,550,694$2,398,153$3,263,603
59$3,404,125$2,634,690$2,437,504$3,518,165
60$3,709,067$2,721,511$2,476,881$3,796,402
61$4,043,781$2,811,254$2,516,246$4,100,662
62$4,411,263$2,904,022$2,555,556$4,433,531
63$4,814,810$2,999,917$2,594,766$4,797,856
64$5,258,058$3,099,050$2,633,828$5,196,772
65$5,745,009$3,201,533$2,672,690$5,633,734
66$6,280,074$3,307,482$2,711,300$6,112,545
67$6,868,112$3,417,019$2,749,598$6,637,395
68$7,514,475$3,530,268$2,787,525$7,212,898
69$8,225,060$3,647,360$2,825,016$7,844,136
70$9,006,364$3,768,429$2,862,002$8,536,709
71$9,865,545$3,893,614$2,898,410$9,296,783
72$10,810,489$4,023,059$2,934,166$10,131,153
73$11,849,885$4,156,916$2,969,187$11,047,302
74$12,993,307$4,295,338$3,003,388$12,053,475
75$14,251,302$4,438,487$3,036,679$13,158,756
76$15,635,491$4,586,529$3,068,964$14,373,150
77$17,158,680$4,739,638$3,100,144$15,707,681
78$18,834,979$4,897,994$3,130,111$17,174,495
79$20,679,932$5,061,781$3,158,756$18,786,972
80$22,710,670$5,231,193$3,185,959$20,559,856
81$24,946,066$5,406,429$3,211,597$22,509,389
82$27,406,919$5,587,698$3,235,539$24,653,468
83$30,116,144$5,775,215$3,257,649$27,011,810
84$33,098,992$5,969,201$3,277,781$29,606,143
85$36,383,286$6,169,890$3,295,784$32,460,403
86$39,999,688$6,377,521$3,311,499$35,600,966
87$43,981,979$6,592,342$3,324,758$39,056,895
88$48,367,387$6,814,613$3,335,383$42,860,212
89$53,196,933$7,044,602$3,343,191$47,046,201
90$58,515,819$7,282,586$3,347,987$51,653,741
91$64,373,855$7,528,855$3,349,566$56,725,673
92$70,825,927$7,783,708$3,347,716$62,309,201
93$77,932,517$8,047,455$3,342,210$68,456,340
94$85,760,273$8,320,420$3,332,814$75,224,408
95$94,382,638$8,602,938$3,319,280$82,676,560
96$103,880,541$8,895,355$3,301,350$90,882,390
97$114,343,162$9,198,034$3,278,751$99,918,587
98$125,868,775$9,511,348$3,251,200$109,869,652
99$138,565,673$9,835,687$3,218,398$120,828,703
100$152,553,191$10,171,454$3,180,033$132,898,350