Can I retire at age 55 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$183,326$181,693$180,099$178,544$177,026$170,339
2 years$90,755$89,065$87,427$85,839$84,298$77,638
3 years$59,902$58,205$56,571$54,998$53,482$47,060
4 years$44,479$42,787$41,169$39,623$38,144$32,007
5 years$35,228$33,545$31,949$30,434$28,996$23,162
6 years$29,062$27,392$25,820$24,338$22,944$17,415
7 years$24,659$23,004$21,456$20,010$18,660$13,435
8 years$21,359$19,719$18,197$16,786$15,480$10,555
9 years$18,794$17,169$15,673$14,298$13,036$8,404
10 years$16,742$15,133$13,664$12,325$11,108$6,759
11 years$15,065$13,472$12,029$10,726$9,553$5,479
12 years$13,669$12,092$10,676$9,408$8,278$4,468
13 years$12,488$10,928$9,538$8,306$7,219$3,662
14 years$11,477$9,933$8,570$7,373$6,328$3,013
15 years$10,601$9,074$7,738$6,576$5,572$2,486
16 years$9,835$8,325$7,015$5,888$4,924$2,057
17 years$9,161$7,667$6,384$5,290$4,366$1,706
18 years$8,562$7,085$5,827$4,768$3,882$1,417
19 years$8,026$6,566$5,335$4,308$3,460$1,178
20 years$7,545$6,102$4,896$3,902$3,091$981
21 years$7,110$5,683$4,503$3,541$2,766$818
22 years$6,715$5,305$4,150$3,220$2,479$682
23 years$6,356$4,962$3,832$2,932$2,226$569
24 years$6,026$4,649$3,544$2,674$2,000$476
25 years$5,724$4,363$3,283$2,442$1,800$397
26 years$5,445$4,100$3,044$2,233$1,621$332
27 years$5,187$3,859$2,827$2,044$1,462$278
28 years$4,948$3,636$2,628$1,873$1,319$232
29 years$4,726$3,430$2,446$1,717$1,191$194
30 years$4,519$3,240$2,278$1,576$1,076$163
31 years$4,326$3,062$2,124$1,448$973$136
32 years$4,145$2,898$1,982$1,330$880$114
33 years$3,976$2,744$1,850$1,223$797$95
34 years$3,817$2,601$1,729$1,126$721$80
35 years$3,667$2,467$1,616$1,036$653$67
36 years$3,526$2,341$1,512$954$592$56
37 years$3,393$2,224$1,415$879$536$47
38 years$3,267$2,113$1,325$810$486$39
39 years$3,148$2,010$1,242$747$441$33
40 years$3,035$1,912$1,164$689$400$27
41 years$2,928$1,820$1,091$636$363$23
42 years$2,826$1,733$1,024$587$329$19
43 years$2,730$1,652$960$542$299$16
44 years$2,638$1,574$902$500$271$14
45 years$2,550$1,501$847$462$246$11
46 years$2,466$1,432$795$427$224$9
47 years$2,387$1,367$747$394$203$8
48 years$2,310$1,305$702$364$184$7
49 years$2,237$1,246$660$337$167$6
50 years$2,167$1,190$620$311$152$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,220,000, adding $2,358 every year, while hoping to spend $44,100 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: 26/44/30 Blend
54$2,220,000$2,220,000$2,220,000$2,220,000
55$2,448,872$2,331,212$2,296,802$2,489,627
56$2,651,735$2,398,520$2,326,823$2,590,995
57$2,873,812$2,467,647$2,356,372$2,695,778
58$3,117,016$2,538,637$2,385,385$2,807,312
59$3,383,455$2,611,533$2,413,798$2,926,198
60$3,675,447$2,686,378$2,441,541$3,053,102
61$3,995,550$2,763,218$2,468,540$3,188,752
62$4,346,578$2,842,097$2,494,717$3,333,952
63$4,731,629$2,923,061$2,519,991$3,489,587
64$5,154,120$3,006,155$2,544,276$3,656,628
65$5,617,811$3,091,427$2,567,479$3,836,147
66$6,126,844$3,178,923$2,589,506$4,029,323
67$6,685,783$3,268,692$2,610,255$4,237,454
68$7,299,654$3,360,779$2,629,620$4,461,969
69$7,973,996$3,455,235$2,647,490$4,704,444
70$8,714,909$3,552,107$2,663,746$4,966,611
71$9,529,114$3,651,444$2,678,266$5,250,381
72$10,424,013$3,753,294$2,690,918$5,557,858
73$11,407,765$3,857,708$2,701,566$5,891,358
74$12,489,355$3,964,734$2,710,066$6,253,436
75$13,678,685$4,074,421$2,716,269$6,646,903
76$14,986,661$4,186,819$2,720,015$7,074,859
77$16,425,303$4,301,975$2,721,137$7,540,718
78$18,007,852$4,419,939$2,719,463$8,048,243
79$19,748,896$4,540,760$2,714,808$8,601,579
80$21,664,510$4,664,484$2,706,981$9,205,296
81$23,772,406$4,791,159$2,695,781$9,864,426
82$26,092,097$4,920,832$2,680,996$10,584,519
83$28,645,087$5,053,549$2,662,405$11,371,686
84$31,455,067$5,189,354$2,639,776$12,232,666
85$34,548,142$5,328,291$2,612,867$13,174,884
86$37,953,078$5,470,402$2,581,424$14,206,521
87$41,701,570$5,615,730$2,545,179$15,336,597
88$45,828,542$5,764,313$2,503,855$16,575,049
89$50,372,478$5,916,188$2,457,159$17,932,831
90$55,375,782$6,071,393$2,404,785$19,422,014
91$60,885,181$6,229,960$2,346,414$21,055,904
92$66,952,162$6,391,920$2,281,711$22,849,163
93$73,633,460$6,557,302$2,210,326$24,817,952
94$80,991,595$6,726,132$2,131,894$26,980,083
95$89,095,456$6,898,431$2,046,031$29,355,185
96$98,020,957$7,074,219$1,952,338$31,964,894
97$107,851,749$7,253,509$1,850,395$34,833,055
98$118,680,009$7,436,314$1,739,765$37,985,950
99$130,607,315$7,622,638$1,619,993$41,452,542
100$143,745,598$7,812,484$1,490,599$45,264,755