Can I retire at age 55 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$185,803$184,148$182,533$180,957$179,418$177,766
2 years$91,982$90,269$88,608$86,999$85,437$83,773
3 years$60,712$58,991$57,335$55,741$54,205$52,580
4 years$45,080$43,365$41,726$40,158$38,659$37,086
5 years$35,704$33,999$32,381$30,845$29,388$27,871
6 years$29,455$27,762$26,168$24,667$23,254$21,795
7 years$24,993$23,315$21,746$20,280$18,912$17,512
8 years$21,648$19,985$18,442$17,013$15,689$14,348
9 years$19,048$17,401$15,884$14,491$13,212$11,930
10 years$16,969$15,338$13,848$12,491$11,258$10,032
11 years$15,269$13,654$12,192$10,871$9,682$8,513
12 years$13,853$12,255$10,820$9,536$8,390$7,277
13 years$12,657$11,075$9,667$8,418$7,316$6,257
14 years$11,632$10,067$8,686$7,473$6,414$5,407
15 years$10,744$9,197$7,842$6,665$5,647$4,692
16 years$9,968$8,438$7,110$5,967$4,991$4,086
17 years$9,285$7,771$6,470$5,362$4,425$3,569
18 years$8,677$7,181$5,906$4,832$3,935$3,125
19 years$8,135$6,655$5,407$4,366$3,507$2,742
20 years$7,647$6,184$4,962$3,954$3,133$2,411
21 years$7,206$5,760$4,564$3,589$2,803$2,123
22 years$6,806$5,377$4,207$3,263$2,513$1,872
23 years$6,441$5,029$3,884$2,972$2,256$1,653
24 years$6,108$4,712$3,592$2,710$2,027$1,461
25 years$5,801$4,422$3,327$2,475$1,824$1,293
26 years$5,518$4,156$3,086$2,263$1,643$1,145
27 years$5,257$3,911$2,865$2,072$1,482$1,015
28 years$5,015$3,685$2,664$1,898$1,337$900
29 years$4,790$3,477$2,479$1,741$1,207$798
30 years$4,580$3,283$2,309$1,597$1,091$709
31 years$4,384$3,104$2,152$1,467$986$629
32 years$4,201$2,937$2,008$1,348$892$559
33 years$4,029$2,781$1,875$1,240$807$497
34 years$3,868$2,636$1,752$1,141$731$442
35 years$3,716$2,500$1,638$1,050$662$393
36 years$3,574$2,373$1,532$967$600$349
37 years$3,439$2,254$1,434$891$544$311
38 years$3,311$2,142$1,343$821$493$277
39 years$3,190$2,037$1,258$757$447$246
40 years$3,076$1,938$1,179$699$405$219
41 years$2,968$1,845$1,106$644$368$195
42 years$2,865$1,757$1,037$595$334$174
43 years$2,767$1,674$973$549$303$155
44 years$2,673$1,596$914$507$275$138
45 years$2,584$1,522$858$468$250$123
46 years$2,500$1,451$806$432$227$109
47 years$2,419$1,385$757$400$206$97
48 years$2,341$1,322$711$369$187$87
49 years$2,268$1,263$669$341$170$77
50 years$2,197$1,206$629$315$154$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,250,000, adding $5,843 every year, while hoping to spend $58,569 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: 67/20/13 Blend
54$2,250,000$2,250,000$2,250,000$2,250,000
55$2,485,527$2,366,277$2,331,402$2,644,347
56$2,676,734$2,419,908$2,347,187$2,804,533
57$2,885,481$2,474,203$2,361,538$2,972,141
58$3,113,495$2,529,134$2,374,345$3,153,905
59$3,362,678$2,584,669$2,385,492$3,351,208
60$3,635,124$2,640,770$2,394,858$3,565,572
61$3,933,136$2,697,397$2,402,316$3,798,672
62$4,259,254$2,754,508$2,407,731$4,052,356
63$4,616,271$2,812,052$2,410,963$4,328,658
64$5,007,265$2,869,977$2,411,865$4,629,820
65$5,435,625$2,928,224$2,410,281$4,958,310
66$5,905,082$2,986,730$2,406,049$5,316,849
67$6,419,747$3,045,427$2,398,998$5,708,435
68$6,984,147$3,104,239$2,388,951$6,136,370
69$7,603,267$3,163,084$2,375,718$6,604,295
70$8,282,601$3,221,875$2,359,104$7,116,218
71$9,028,195$3,280,517$2,338,904$7,676,560
72$9,846,715$3,338,906$2,314,901$8,290,189
73$10,745,500$3,396,932$2,286,870$8,962,471
74$11,732,635$3,454,475$2,254,574$9,699,320
75$12,817,027$3,511,408$2,217,766$10,507,252
76$14,008,488$3,567,591$2,176,185$11,393,448
77$15,317,828$3,622,878$2,129,562$12,365,823
78$16,756,956$3,677,109$2,077,612$13,433,097
79$18,338,992$3,730,113$2,020,038$14,604,882
80$20,078,389$3,781,708$1,956,529$15,891,771
81$21,991,073$3,831,700$1,886,761$17,305,437
82$24,094,587$3,879,878$1,810,393$18,858,746
83$26,408,264$3,926,021$1,727,070$20,565,874
84$28,953,401$3,969,890$1,636,420$22,442,449
85$31,753,463$4,011,231$1,538,056$24,505,691
86$34,834,307$4,049,771$1,431,571$26,774,578
87$38,224,420$4,085,223$1,316,542$29,270,028
88$41,955,190$4,117,278$1,192,525$32,015,091
89$46,061,202$4,145,608$1,059,058$35,035,172
90$50,580,566$4,169,864$915,657$38,358,272
91$55,555,269$4,189,673$761,818$42,015,246
92$61,031,580$4,204,641$597,013$46,040,103
93$67,060,480$4,214,347$420,691$50,470,322
94$73,698,143$4,218,344$232,279$55,347,209
95$81,006,470$4,216,158$31,175$60,716,287
96$89,053,665$4,207,286$0$66,627,726
97$97,914,887$4,191,191$0$73,162,264
98$107,672,953$4,167,307$0$80,361,660
99$118,419,121$4,135,031$0$88,288,840
100$130,253,948$4,093,725$0$97,017,914