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%11.4%
1 years$183,326$181,693$180,099$178,544$177,026$175,984
2 years$90,755$89,065$87,427$85,839$84,298$83,247
3 years$59,902$58,205$56,571$54,998$53,482$52,454
4 years$44,479$42,787$41,169$39,623$38,144$37,147
5 years$35,228$33,545$31,949$30,434$28,996$28,034
6 years$29,062$27,392$25,820$24,338$22,944$22,017
7 years$24,659$23,004$21,456$20,010$18,660$17,768
8 years$21,359$19,719$18,197$16,786$15,480$14,625
9 years$18,794$17,169$15,673$14,298$13,036$12,217
10 years$16,742$15,133$13,664$12,325$11,108$10,323
11 years$15,065$13,472$12,029$10,726$9,553$8,803
12 years$13,669$12,092$10,676$9,408$8,278$7,563
13 years$12,488$10,928$9,538$8,306$7,219$6,537
14 years$11,477$9,933$8,570$7,373$6,328$5,678
15 years$10,601$9,074$7,738$6,576$5,572$4,954
16 years$9,835$8,325$7,015$5,888$4,924$4,337
17 years$9,161$7,667$6,384$5,290$4,366$3,809
18 years$8,562$7,085$5,827$4,768$3,882$3,354
19 years$8,026$6,566$5,335$4,308$3,460$2,960
20 years$7,545$6,102$4,896$3,902$3,091$2,618
21 years$7,110$5,683$4,503$3,541$2,766$2,319
22 years$6,715$5,305$4,150$3,220$2,479$2,057
23 years$6,356$4,962$3,832$2,932$2,226$1,828
24 years$6,026$4,649$3,544$2,674$2,000$1,625
25 years$5,724$4,363$3,283$2,442$1,800$1,447
26 years$5,445$4,100$3,044$2,233$1,621$1,289
27 years$5,187$3,859$2,827$2,044$1,462$1,150
28 years$4,948$3,636$2,628$1,873$1,319$1,026
29 years$4,726$3,430$2,446$1,717$1,191$916
30 years$4,519$3,240$2,278$1,576$1,076$819
31 years$4,326$3,062$2,124$1,448$973$732
32 years$4,145$2,898$1,982$1,330$880$655
33 years$3,976$2,744$1,850$1,223$797$586
34 years$3,817$2,601$1,729$1,126$721$524
35 years$3,667$2,467$1,616$1,036$653$469
36 years$3,526$2,341$1,512$954$592$420
37 years$3,393$2,224$1,415$879$536$376
38 years$3,267$2,113$1,325$810$486$337
39 years$3,148$2,010$1,242$747$441$302
40 years$3,035$1,912$1,164$689$400$271
41 years$2,928$1,820$1,091$636$363$243
42 years$2,826$1,733$1,024$587$329$218
43 years$2,730$1,652$960$542$299$195
44 years$2,638$1,574$902$500$271$175
45 years$2,550$1,501$847$462$246$157
46 years$2,466$1,432$795$427$224$141
47 years$2,387$1,367$747$394$203$126
48 years$2,310$1,305$702$364$184$113
49 years$2,237$1,246$660$337$167$102
50 years$2,167$1,190$620$311$152$91

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 $5,611 every year, while hoping to spend $59,079 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: 78/6/16 Blend
54$2,220,000$2,220,000$2,220,000$2,220,000
55$2,452,228$2,334,568$2,300,158$2,634,620
56$2,639,495$2,386,102$2,314,353$2,807,210
57$2,843,884$2,438,181$2,327,045$2,988,445
58$3,067,078$2,490,770$2,338,118$3,185,614
59$3,310,931$2,543,829$2,347,457$3,400,290
60$3,577,484$2,597,314$2,354,934$3,634,202
61$3,868,984$2,651,179$2,360,421$3,889,258
62$4,187,905$2,705,371$2,363,779$4,167,558
63$4,536,970$2,759,833$2,364,865$4,471,418
64$4,919,180$2,814,504$2,363,527$4,803,386
65$5,337,837$2,869,316$2,359,606$5,166,272
66$5,796,580$2,924,196$2,352,936$5,563,170
67$6,299,415$2,979,065$2,343,343$5,997,491
68$6,850,754$3,033,838$2,330,644$6,472,992
69$7,455,456$3,088,421$2,314,646$6,993,812
70$8,118,875$3,142,716$2,295,149$7,564,514
71$8,846,906$3,196,615$2,271,942$8,190,124
72$9,646,043$3,250,002$2,244,804$8,876,180
73$10,523,439$3,302,752$2,213,505$9,628,785
74$11,486,975$3,354,732$2,177,803$10,454,665
75$12,545,332$3,405,799$2,137,445$11,361,230
76$13,708,072$3,455,799$2,092,165$12,356,648
77$14,985,729$3,504,567$2,041,686$13,449,917
78$16,389,909$3,551,927$1,985,719$14,650,954
79$17,933,398$3,597,690$1,923,959$15,970,687
80$19,630,283$3,641,654$1,856,089$17,421,160
81$21,496,081$3,683,605$1,781,778$19,015,644
82$23,547,891$3,723,311$1,700,677$20,768,764
83$25,804,551$3,760,529$1,612,425$22,696,638
84$28,286,816$3,794,995$1,516,642$24,817,026
85$31,017,553$3,826,432$1,412,932$27,149,502
86$34,021,958$3,854,542$1,300,879$29,715,636
87$37,327,792$3,879,008$1,180,053$32,539,200
88$40,965,642$3,899,495$1,050,000$35,646,389
89$44,969,211$3,915,643$910,248$39,066,073
90$49,375,633$3,927,073$760,304$42,830,066
91$54,225,827$3,933,379$599,654$46,973,430
92$59,564,878$3,934,131$427,759$51,534,802
93$65,442,464$3,928,872$244,057$56,556,764
94$71,913,327$3,917,118$47,964$62,086,241
95$79,037,782$3,898,353$0$68,174,946
96$86,882,296$3,872,032$0$74,907,408
97$95,520,103$3,837,575$0$82,329,422
98$105,031,905$3,794,367$0$90,502,120
99$115,506,626$3,741,758$0$99,501,895
100$127,042,255$3,679,057$0$109,412,932