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%14.4%
1 years$181,674$180,056$178,477$176,936$175,431$172,241
2 years$89,938$88,263$86,639$85,065$83,539$80,336
3 years$59,363$57,681$56,061$54,502$53,000$49,885
4 years$44,078$42,401$40,798$39,266$37,800$34,797
5 years$34,910$33,243$31,661$30,160$28,735$25,852
6 years$28,800$27,146$25,587$24,119$22,737$19,977
7 years$24,437$22,797$21,263$19,830$18,491$15,855
8 years$21,167$19,541$18,033$16,635$15,340$12,827
9 years$18,624$17,014$15,531$14,169$12,919$10,527
10 years$16,592$14,997$13,541$12,214$11,007$8,735
11 years$14,930$13,351$11,921$10,630$9,467$7,312
12 years$13,546$11,983$10,580$9,324$8,204$6,163
13 years$12,375$10,829$9,452$8,231$7,154$5,224
14 years$11,373$9,843$8,493$7,307$6,271$4,448
15 years$10,505$8,992$7,668$6,516$5,521$3,802
16 years$9,747$8,250$6,952$5,835$4,880$3,261
17 years$9,078$7,598$6,326$5,243$4,327$2,804
18 years$8,485$7,021$5,775$4,725$3,847$2,417
19 years$7,954$6,507$5,287$4,269$3,429$2,087
20 years$7,477$6,047$4,852$3,866$3,063$1,805
21 years$7,046$5,632$4,463$3,509$2,741$1,564
22 years$6,655$5,257$4,113$3,191$2,457$1,356
23 years$6,298$4,917$3,798$2,906$2,205$1,177
24 years$5,972$4,607$3,512$2,650$1,982$1,023
25 years$5,672$4,323$3,253$2,420$1,784$890
26 years$5,396$4,063$3,017$2,213$1,607$774
27 years$5,140$3,824$2,802$2,026$1,449$674
28 years$4,903$3,603$2,604$1,856$1,307$587
29 years$4,683$3,399$2,424$1,702$1,180$512
30 years$4,478$3,210$2,258$1,562$1,066$446
31 years$4,287$3,035$2,105$1,434$964$389
32 years$4,108$2,872$1,964$1,318$872$339
33 years$3,940$2,719$1,833$1,212$789$296
34 years$3,782$2,577$1,713$1,115$715$259
35 years$3,634$2,445$1,602$1,027$647$226
36 years$3,494$2,320$1,498$946$586$197
37 years$3,362$2,204$1,402$871$532$172
38 years$3,238$2,094$1,313$803$482$150
39 years$3,120$1,992$1,230$740$437$131
40 years$3,008$1,895$1,153$683$396$115
41 years$2,902$1,804$1,081$630$360$100
42 years$2,801$1,718$1,014$582$326$88
43 years$2,705$1,637$952$537$296$76
44 years$2,614$1,560$893$496$269$67
45 years$2,527$1,488$839$458$244$58
46 years$2,444$1,419$788$423$222$51
47 years$2,365$1,354$740$391$201$45
48 years$2,289$1,293$696$361$183$39
49 years$2,217$1,235$654$334$166$34
50 years$2,148$1,179$615$308$151$30

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 $3,377 every year, while hoping to spend $47,832 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: 67/6/27 Blend
54$2,200,000$2,200,000$2,200,000$2,200,000
55$2,427,883$2,311,283$2,277,183$2,573,232
56$2,624,635$2,373,643$2,302,576$2,733,880
57$2,839,851$2,437,456$2,327,216$2,903,804
58$3,075,367$2,502,742$2,351,029$3,088,581
59$3,333,199$2,569,521$2,373,933$3,289,680
60$3,615,570$2,637,812$2,395,845$3,508,720
61$3,924,929$2,707,636$2,416,676$3,747,485
62$4,263,970$2,779,008$2,436,333$4,007,941
63$4,635,662$2,851,947$2,454,717$4,292,252
64$5,043,275$2,926,468$2,471,726$4,602,805
65$5,490,410$3,002,585$2,487,249$4,942,231
66$5,981,033$3,080,314$2,501,174$5,313,425
67$6,519,514$3,159,665$2,513,379$5,719,583
68$7,110,665$3,240,649$2,523,738$6,164,222
69$7,759,788$3,323,275$2,532,118$6,651,221
70$8,472,722$3,407,551$2,538,379$7,184,853
71$9,255,900$3,493,482$2,542,375$7,769,828
72$10,116,410$3,581,071$2,543,953$8,411,334
73$11,062,058$3,670,318$2,542,950$9,115,094
74$12,101,447$3,761,222$2,539,198$9,887,408
75$13,244,052$3,853,779$2,532,518$10,735,226
76$14,500,312$3,947,982$2,522,725$11,666,202
77$15,881,730$4,043,819$2,509,622$12,688,773
78$17,400,978$4,141,278$2,493,006$13,812,239
79$19,072,018$4,240,340$2,472,662$15,046,847
80$20,910,232$4,340,985$2,448,364$16,403,891
81$22,932,569$4,443,187$2,419,878$17,895,818
82$25,157,704$4,546,915$2,386,956$19,536,346
83$27,606,211$4,652,136$2,349,341$21,340,592
84$30,300,763$4,758,809$2,306,762$23,325,217
85$33,266,339$4,866,889$2,258,937$25,508,584
86$36,530,463$4,976,323$2,205,568$27,910,930
87$40,123,462$5,087,055$2,146,347$30,554,556
88$44,078,755$5,199,021$2,080,949$33,464,041
89$48,433,162$5,312,147$2,009,035$36,666,475
90$53,227,258$5,426,355$1,930,251$40,191,710
91$58,505,750$5,541,558$1,844,226$44,072,647
92$64,317,901$5,657,659$1,750,572$48,345,546
93$70,717,995$5,774,553$1,648,885$53,050,367
94$77,765,849$5,892,125$1,538,741$58,231,150
95$85,527,374$6,010,247$1,419,697$63,936,429
96$94,075,201$6,128,784$1,291,292$70,219,693
97$103,489,364$6,247,587$1,153,043$77,139,891
98$113,858,054$6,366,493$1,004,444$84,761,987
99$125,278,452$6,485,329$844,970$93,157,576
100$137,857,648$6,603,903$674,070$102,405,563