Can I retire at age 55 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$167,636$166,142$164,685$163,264$161,875$159,128
2 years$82,988$81,442$79,944$78,492$77,083$74,324
3 years$54,776$53,223$51,729$50,291$48,905$46,219
4 years$40,672$39,125$37,646$36,232$34,879$32,288
5 years$32,213$30,674$29,215$27,829$26,515$24,026
6 years$26,575$25,048$23,610$22,255$20,980$18,596
7 years$22,549$21,035$19,620$18,297$17,063$14,784
8 years$19,531$18,031$16,639$15,349$14,155$11,981
9 years$17,185$15,699$14,331$13,074$11,921$9,851
10 years$15,310$13,838$12,494$11,270$10,157$8,189
11 years$13,776$12,319$11,000$9,808$8,735$6,867
12 years$12,499$11,057$9,762$8,603$7,570$5,799
13 years$11,419$9,992$8,722$7,595$6,601$4,925
14 years$10,494$9,083$7,837$6,742$5,786$4,203
15 years$9,694$8,297$7,075$6,013$5,095$3,600
16 years$8,994$7,613$6,415$5,384$4,503$3,094
17 years$8,377$7,011$5,837$4,837$3,993$2,666
18 years$7,829$6,478$5,329$4,359$3,550$2,303
19 years$7,339$6,004$4,878$3,939$3,164$1,993
20 years$6,899$5,579$4,477$3,568$2,826$1,728
21 years$6,502$5,197$4,118$3,238$2,529$1,500
22 years$6,141$4,851$3,795$2,944$2,267$1,304
23 years$5,812$4,537$3,504$2,681$2,035$1,135
24 years$5,510$4,251$3,241$2,445$1,829$988
25 years$5,234$3,989$3,002$2,233$1,646$861
26 years$4,979$3,749$2,784$2,042$1,483$751
27 years$4,743$3,529$2,585$1,869$1,337$656
28 years$4,524$3,325$2,403$1,712$1,206$573
29 years$4,321$3,137$2,236$1,570$1,089$500
30 years$4,132$2,962$2,083$1,441$984$437
31 years$3,956$2,800$1,942$1,324$890$382
32 years$3,790$2,650$1,812$1,216$805$334
33 years$3,635$2,509$1,692$1,119$728$293
34 years$3,490$2,378$1,581$1,029$659$256
35 years$3,353$2,256$1,478$947$597$224
36 years$3,224$2,141$1,383$873$541$196
37 years$3,102$2,034$1,294$804$490$172
38 years$2,987$1,933$1,212$741$445$150
39 years$2,878$1,838$1,135$683$403$132
40 years$2,775$1,748$1,064$630$366$115
41 years$2,677$1,664$998$581$332$101
42 years$2,584$1,585$936$537$301$88
43 years$2,496$1,510$878$495$273$77
44 years$2,412$1,440$824$457$248$68
45 years$2,332$1,373$774$422$225$59
46 years$2,255$1,310$727$390$204$52
47 years$2,182$1,250$683$360$186$46
48 years$2,113$1,193$642$333$169$40
49 years$2,046$1,139$603$308$153$35
50 years$1,982$1,088$567$285$139$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,030,000, adding $3,735 every year, while hoping to spend $45,791 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: 57/35/8 Blend
54$2,030,000$2,030,000$2,030,000$2,030,000
55$2,240,913$2,133,323$2,101,858$2,364,337
56$2,420,764$2,189,134$2,123,549$2,503,693
57$2,617,426$2,246,146$2,144,432$2,650,003
58$2,832,565$2,304,368$2,164,431$2,808,293
59$3,068,015$2,363,810$2,183,467$2,979,714
60$3,325,796$2,424,480$2,201,457$3,165,530
61$3,608,133$2,486,386$2,218,312$3,367,135
62$3,917,477$2,549,533$2,233,940$3,586,063
63$4,256,525$2,613,926$2,248,242$3,824,001
64$4,628,249$2,679,567$2,261,117$4,082,809
65$5,035,922$2,746,457$2,272,456$4,364,534
66$5,483,149$2,814,596$2,282,146$4,671,432
67$5,973,900$2,883,982$2,290,068$5,005,986
68$6,512,549$2,954,608$2,296,097$5,370,930
69$7,103,914$3,026,469$2,300,101$5,769,278
70$7,753,301$3,099,553$2,301,942$6,204,349
71$8,466,557$3,173,850$2,301,476$6,679,797
72$9,250,120$3,249,344$2,298,550$7,199,651
73$10,111,087$3,326,016$2,293,006$7,768,347
74$11,057,272$3,403,844$2,284,675$8,390,772
75$12,097,285$3,482,805$2,273,384$9,072,312
76$13,240,613$3,562,867$2,258,947$9,818,899
77$14,497,707$3,643,999$2,241,173$10,637,071
78$15,880,081$3,726,163$2,219,861$11,534,029
79$17,400,421$3,809,316$2,194,797$12,517,709
80$19,072,704$3,893,412$2,165,763$13,596,856
81$20,912,328$3,978,398$2,132,525$14,781,105
82$22,936,262$4,064,216$2,094,840$16,081,071
83$25,163,200$4,150,802$2,052,457$17,508,453
84$27,613,740$4,238,085$2,005,107$19,076,142
85$30,310,577$4,325,987$1,952,514$20,798,344
86$33,278,720$4,414,424$1,894,387$22,690,711
87$36,545,721$4,503,302$1,830,421$24,770,491
88$40,141,943$4,592,522$1,760,298$27,056,694
89$44,100,838$4,681,973$1,683,686$29,570,266
90$48,459,271$4,771,537$1,600,236$32,334,288
91$53,257,858$4,861,084$1,509,585$35,374,198
92$58,541,356$4,950,474$1,411,354$38,718,027
93$64,359,085$5,039,557$1,305,144$42,396,666
94$70,765,386$5,128,171$1,190,541$46,444,156
95$77,820,143$5,216,139$1,067,112$50,898,012
96$85,589,341$5,303,273$934,404$55,799,577
97$94,145,691$5,389,370$791,944$61,194,408
98$103,569,315$5,474,213$639,237$67,132,714
99$113,948,503$5,557,567$475,769$73,669,825
100$125,380,544$5,639,182$301,001$80,866,717