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

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$183,326$181,693$180,099$178,544$177,026$170,677
2 years$90,755$89,065$87,427$85,839$84,298$77,970
3 years$59,902$58,205$56,571$54,998$53,482$47,374
4 years$44,479$42,787$41,169$39,623$38,144$32,303
5 years$35,228$33,545$31,949$30,434$28,996$23,437
6 years$29,062$27,392$25,820$24,338$22,944$17,671
7 years$24,659$23,004$21,456$20,010$18,660$13,672
8 years$21,359$19,719$18,197$16,786$15,480$10,773
9 years$18,794$17,169$15,673$14,298$13,036$8,604
10 years$16,742$15,133$13,664$12,325$11,108$6,942
11 years$15,065$13,472$12,029$10,726$9,553$5,645
12 years$13,669$12,092$10,676$9,408$8,278$4,619
13 years$12,488$10,928$9,538$8,306$7,219$3,799
14 years$11,477$9,933$8,570$7,373$6,328$3,136
15 years$10,601$9,074$7,738$6,576$5,572$2,597
16 years$9,835$8,325$7,015$5,888$4,924$2,157
17 years$9,161$7,667$6,384$5,290$4,366$1,795
18 years$8,562$7,085$5,827$4,768$3,882$1,496
19 years$8,026$6,566$5,335$4,308$3,460$1,249
20 years$7,545$6,102$4,896$3,902$3,091$1,044
21 years$7,110$5,683$4,503$3,541$2,766$874
22 years$6,715$5,305$4,150$3,220$2,479$732
23 years$6,356$4,962$3,832$2,932$2,226$613
24 years$6,026$4,649$3,544$2,674$2,000$514
25 years$5,724$4,363$3,283$2,442$1,800$431
26 years$5,445$4,100$3,044$2,233$1,621$362
27 years$5,187$3,859$2,827$2,044$1,462$304
28 years$4,948$3,636$2,628$1,873$1,319$255
29 years$4,726$3,430$2,446$1,717$1,191$214
30 years$4,519$3,240$2,278$1,576$1,076$180
31 years$4,326$3,062$2,124$1,448$973$151
32 years$4,145$2,898$1,982$1,330$880$127
33 years$3,976$2,744$1,850$1,223$797$107
34 years$3,817$2,601$1,729$1,126$721$90
35 years$3,667$2,467$1,616$1,036$653$76
36 years$3,526$2,341$1,512$954$592$64
37 years$3,393$2,224$1,415$879$536$53
38 years$3,267$2,113$1,325$810$486$45
39 years$3,148$2,010$1,242$747$441$38
40 years$3,035$1,912$1,164$689$400$32
41 years$2,928$1,820$1,091$636$363$27
42 years$2,826$1,733$1,024$587$329$22
43 years$2,730$1,652$960$542$299$19
44 years$2,638$1,574$902$500$271$16
45 years$2,550$1,501$847$462$246$13
46 years$2,466$1,432$795$427$224$11
47 years$2,387$1,367$747$394$203$9
48 years$2,310$1,305$702$364$184$8
49 years$2,237$1,246$660$337$167$7
50 years$2,167$1,190$620$311$152$6

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 $3,382 every year, while hoping to spend $53,074 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: 66/26/8 Blend
54$2,220,000$2,220,000$2,220,000$2,220,000
55$2,449,929$2,332,269$2,297,859$2,607,683
56$2,643,351$2,390,079$2,318,366$2,770,787
57$2,854,724$2,448,944$2,337,783$2,942,330
58$3,085,821$2,508,858$2,356,014$3,128,412
59$3,338,599$2,569,816$2,372,964$3,330,446
60$3,615,207$2,631,808$2,388,530$3,549,985
61$3,918,015$2,694,824$2,402,603$3,788,740
62$4,249,633$2,758,850$2,415,070$4,048,598
63$4,612,933$2,823,872$2,425,812$4,331,632
64$5,011,079$2,889,869$2,434,704$4,640,131
65$5,447,557$2,956,820$2,441,615$4,976,610
66$5,926,204$3,024,700$2,446,405$5,343,844
67$6,451,247$3,093,481$2,448,930$5,744,887
68$7,027,343$3,163,130$2,449,038$6,183,105
69$7,659,620$3,233,611$2,446,568$6,662,205
70$8,353,727$3,304,883$2,441,354$7,186,270
71$9,115,886$3,376,902$2,433,218$7,759,801
72$9,952,954$3,449,617$2,421,978$8,387,754
73$10,872,480$3,522,974$2,407,440$9,075,591
74$11,882,785$3,596,911$2,389,401$9,829,330
75$12,993,031$3,671,363$2,367,648$10,655,599
76$14,213,317$3,746,256$2,341,961$11,561,705
77$15,554,764$3,821,511$2,312,105$12,555,696
78$17,029,626$3,897,042$2,277,837$13,646,443
79$18,651,406$3,972,754$2,238,902$14,843,717
80$20,434,977$4,048,546$2,195,033$16,158,289
81$22,396,727$4,124,308$2,145,949$17,602,024
82$24,554,714$4,199,920$2,091,359$19,187,999
83$26,928,831$4,275,252$2,030,956$20,930,623
84$29,540,998$4,350,166$1,964,420$22,845,776
85$32,415,368$4,424,512$1,891,416$24,950,954
86$35,578,550$4,498,128$1,811,593$27,265,440
87$39,059,867$4,570,841$1,724,586$29,810,483
88$42,891,626$4,642,465$1,630,012$32,609,498
89$47,109,425$4,712,799$1,527,471$35,688,290
90$51,752,490$4,781,629$1,416,545$39,075,294
91$56,864,041$4,848,727$1,296,796$42,801,850
92$62,491,704$4,913,844$1,167,769$46,902,489
93$68,687,955$4,976,720$1,028,987$51,415,271
94$75,510,620$5,037,073$879,952$56,382,133
95$83,023,417$5,094,603$720,143$61,849,297
96$91,296,556$5,148,989$549,019$67,867,694
97$100,407,405$5,199,890$366,011$74,493,457
98$110,441,216$5,246,941$170,529$81,788,444
99$121,491,933$5,289,753$0$89,820,824
100$133,663,072$5,327,914$0$98,668,974