Can I retire at age 55 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$165,984$164,505$163,063$161,655$160,280$156,152
2 years$82,170$80,640$79,157$77,719$76,324$72,192
3 years$54,236$52,699$51,220$49,795$48,423$44,417
4 years$40,272$38,739$37,275$35,875$34,536$30,687
5 years$31,895$30,372$28,927$27,555$26,253$22,572
6 years$26,313$24,801$23,377$22,036$20,773$17,263
7 years$22,327$20,828$19,427$18,117$16,894$13,555
8 years$19,339$17,853$16,475$15,198$14,016$10,845
9 years$17,016$15,545$14,190$12,945$11,803$8,800
10 years$15,159$13,702$12,371$11,159$10,057$7,217
11 years$13,640$12,198$10,891$9,712$8,649$5,968
12 years$12,376$10,948$9,666$8,518$7,495$4,968
13 years$11,307$9,894$8,636$7,520$6,536$4,158
14 years$10,391$8,993$7,759$6,676$5,729$3,495
15 years$9,598$8,216$7,006$5,954$5,045$2,949
16 years$8,905$7,538$6,352$5,331$4,458$2,495
17 years$8,294$6,942$5,780$4,790$3,953$2,116
18 years$7,752$6,415$5,276$4,317$3,515$1,799
19 years$7,267$5,945$4,830$3,900$3,133$1,531
20 years$6,831$5,524$4,433$3,533$2,798$1,306
21 years$6,438$5,146$4,077$3,206$2,504$1,115
22 years$6,080$4,803$3,758$2,915$2,245$953
23 years$5,754$4,492$3,470$2,655$2,015$815
24 years$5,456$4,209$3,209$2,421$1,811$698
25 years$5,182$3,950$2,972$2,211$1,630$597
26 years$4,930$3,712$2,756$2,022$1,468$512
27 years$4,696$3,494$2,560$1,851$1,324$439
28 years$4,480$3,292$2,380$1,696$1,194$377
29 years$4,279$3,106$2,214$1,555$1,078$323
30 years$4,091$2,933$2,063$1,427$974$277
31 years$3,917$2,773$1,923$1,311$881$238
32 years$3,753$2,624$1,794$1,204$797$204
33 years$3,600$2,485$1,675$1,108$721$176
34 years$3,456$2,355$1,565$1,019$653$151
35 years$3,320$2,234$1,463$938$591$130
36 years$3,192$2,120$1,369$864$536$111
37 years$3,072$2,013$1,281$796$486$96
38 years$2,958$1,914$1,200$734$440$82
39 years$2,850$1,820$1,124$677$399$71
40 years$2,748$1,731$1,054$624$362$61
41 years$2,651$1,648$988$576$329$52
42 years$2,559$1,569$927$531$298$45
43 years$2,471$1,495$870$490$271$39
44 years$2,388$1,425$816$453$246$33
45 years$2,309$1,359$766$418$223$29
46 years$2,233$1,297$720$386$202$25
47 years$2,161$1,237$676$357$184$21
48 years$2,092$1,181$636$330$167$18
49 years$2,026$1,128$597$305$152$16
50 years$1,962$1,078$562$282$138$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,010,000, adding $3,734 every year, while hoping to spend $42,063 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: 83/12/5 Blend
54$2,010,000$2,010,000$2,010,000$2,010,000
55$2,218,872$2,112,342$2,081,187$2,402,605
56$2,400,442$2,171,092$2,106,152$2,581,848
57$2,599,122$2,231,311$2,130,543$2,772,544
58$2,816,614$2,293,026$2,154,298$2,980,605
59$3,054,790$2,356,266$2,177,348$3,207,745
60$3,315,713$2,421,057$2,199,623$3,455,850
61$3,601,654$2,487,427$2,221,049$3,726,998
62$3,915,114$2,555,403$2,241,546$4,023,476
63$4,258,850$2,625,011$2,261,032$4,347,803
64$4,635,895$2,696,279$2,279,418$4,702,753
65$5,049,591$2,769,232$2,296,614$5,091,384
66$5,503,621$2,843,896$2,312,523$5,517,059
67$6,002,040$2,920,296$2,327,041$5,983,488
68$6,549,315$2,998,457$2,340,064$6,494,753
69$7,150,366$3,078,403$2,351,477$7,055,352
70$7,810,614$3,160,156$2,361,162$7,670,241
71$8,536,032$3,243,738$2,368,996$8,344,878
72$9,333,197$3,329,171$2,374,848$9,085,277
73$10,209,357$3,416,475$2,378,579$9,898,062
74$11,172,498$3,505,668$2,380,048$10,790,532
75$12,231,415$3,596,768$2,379,102$11,770,727
76$13,395,800$3,689,791$2,375,582$12,847,506
77$14,676,331$3,784,750$2,369,324$14,030,628
78$16,084,772$3,881,658$2,360,151$15,330,847
79$17,634,085$3,980,526$2,347,883$16,760,010
80$19,338,551$4,081,361$2,332,326$18,331,172
81$21,213,905$4,184,169$2,313,281$20,058,714
82$23,277,484$4,288,954$2,290,536$21,958,484
83$25,548,390$4,395,716$2,263,872$24,047,944
84$28,047,672$4,504,452$2,233,058$26,346,333
85$30,798,521$4,615,156$2,197,852$28,874,850
86$33,826,491$4,727,820$2,158,001$31,656,856
87$37,159,740$4,842,429$2,113,240$34,718,088
88$40,829,292$4,958,968$2,063,293$38,086,910
89$44,869,336$5,077,413$2,007,869$41,794,573
90$49,317,541$5,197,739$1,946,665$45,875,514
91$54,215,416$5,319,914$1,879,365$50,367,679
92$59,608,700$5,443,901$1,805,635$55,312,883
93$65,547,794$5,569,659$1,725,130$60,757,202
94$72,088,234$5,697,137$1,637,487$66,751,408
95$79,291,217$5,826,280$1,542,326$73,351,450
96$87,224,180$5,957,026$1,439,252$80,618,981
97$95,961,430$6,089,304$1,327,851$88,621,938
98$105,584,851$6,223,036$1,207,689$97,435,186
99$116,184,675$6,358,134$1,078,316$107,141,220
100$127,860,332$6,494,502$939,260$117,830,950