Can I retire at age 55 with 2,040,000?

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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$168,461$166,961$165,497$164,068$162,672$156,280
2 years$83,397$81,843$80,338$78,879$77,463$71,101
3 years$55,046$53,486$51,984$50,538$49,146$43,014
4 years$40,873$39,318$37,831$36,410$35,051$29,197
5 years$32,371$30,825$29,359$27,966$26,645$21,084
6 years$26,705$25,171$23,726$22,365$21,084$15,818
7 years$22,660$21,139$19,716$18,387$17,147$12,175
8 years$19,627$18,120$16,721$15,425$14,225$9,542
9 years$17,270$15,777$14,402$13,138$11,979$7,579
10 years$15,385$13,906$12,556$11,326$10,207$6,080
11 years$13,844$12,380$11,054$9,857$8,778$4,916
12 years$12,560$11,112$9,810$8,646$7,607$3,998
13 years$11,475$10,042$8,765$7,633$6,634$3,268
14 years$10,546$9,128$7,875$6,775$5,815$2,681
15 years$9,741$8,338$7,110$6,043$5,120$2,206
16 years$9,038$7,650$6,446$5,410$4,525$1,820
17 years$8,418$7,045$5,866$4,861$4,012$1,505
18 years$7,867$6,510$5,355$4,381$3,567$1,246
19 years$7,376$6,034$4,902$3,959$3,180$1,033
20 years$6,933$5,607$4,499$3,585$2,840$858
21 years$6,534$5,223$4,138$3,254$2,542$713
22 years$6,171$4,875$3,814$2,958$2,278$593
23 years$5,840$4,560$3,522$2,694$2,045$493
24 years$5,538$4,272$3,257$2,457$1,838$411
25 years$5,259$4,009$3,016$2,244$1,654$342
26 years$5,003$3,768$2,798$2,052$1,490$285
27 years$4,766$3,546$2,598$1,878$1,343$237
28 years$4,547$3,341$2,415$1,721$1,212$198
29 years$4,343$3,152$2,247$1,578$1,094$165
30 years$4,153$2,977$2,093$1,448$989$138
31 years$3,975$2,814$1,952$1,330$894$115
32 years$3,809$2,663$1,821$1,222$809$96
33 years$3,653$2,522$1,700$1,124$732$80
34 years$3,507$2,390$1,589$1,034$663$67
35 years$3,370$2,267$1,485$952$600$56
36 years$3,240$2,152$1,389$877$544$46
37 years$3,118$2,044$1,300$808$493$39
38 years$3,002$1,942$1,218$745$447$32
39 years$2,893$1,847$1,141$687$405$27
40 years$2,789$1,757$1,069$633$368$23
41 years$2,691$1,673$1,003$584$333$19
42 years$2,597$1,593$941$539$303$16
43 years$2,508$1,518$883$498$275$13
44 years$2,424$1,447$828$460$249$11
45 years$2,343$1,380$778$424$226$9
46 years$2,266$1,316$731$392$205$8
47 years$2,193$1,256$686$362$187$6
48 years$2,123$1,199$645$335$169$5
49 years$2,056$1,145$606$309$154$4
50 years$1,992$1,094$570$286$140$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,040,000, adding $2,494 every year, while hoping to spend $53,235 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: 48/25/27 Blend
54$2,040,000$2,040,000$2,040,000$2,040,000
55$2,250,653$2,142,533$2,110,913$2,341,243
56$2,423,577$2,190,875$2,124,987$2,453,479
57$2,612,357$2,239,802$2,137,748$2,569,853
58$2,818,551$2,289,286$2,149,096$2,695,194
59$3,043,878$2,339,296$2,158,926$2,830,375
60$3,290,231$2,389,799$2,167,127$2,976,356
61$3,559,692$2,440,757$2,173,583$3,134,197
62$3,854,554$2,492,128$2,178,172$3,305,067
63$4,177,343$2,543,866$2,180,766$3,490,253
64$4,530,840$2,595,924$2,181,229$3,691,175
65$4,918,107$2,648,245$2,179,422$3,909,402
66$5,342,517$2,700,772$2,175,195$4,146,659
67$5,807,783$2,753,439$2,168,393$4,404,851
68$6,317,997$2,806,178$2,158,854$4,686,079
69$6,877,664$2,858,912$2,146,407$4,992,658
70$7,491,746$2,911,559$2,130,873$5,327,143
71$8,165,711$2,964,032$2,112,064$5,692,350
72$8,905,579$3,016,236$2,089,784$6,091,383
73$9,717,984$3,068,066$2,063,826$6,527,667
74$10,610,230$3,119,414$2,033,977$7,004,979
75$11,590,368$3,170,159$2,000,009$7,527,481
76$12,667,263$3,220,174$1,961,687$8,099,764
77$13,850,684$3,269,323$1,918,764$8,726,891
78$15,151,391$3,317,458$1,870,980$9,414,444
79$16,581,241$3,364,421$1,818,066$10,168,576
80$18,153,294$3,410,044$1,759,738$10,996,073
81$19,881,941$3,454,148$1,695,700$11,904,419
82$21,783,036$3,496,538$1,625,643$12,901,862
83$23,874,046$3,537,008$1,549,242$13,997,498
84$26,174,217$3,575,340$1,466,160$15,201,355
85$28,704,754$3,611,299$1,376,043$16,524,490
86$31,489,020$3,644,633$1,278,522$17,979,092
87$34,552,757$3,675,077$1,173,209$19,578,601
88$37,924,328$3,702,346$1,059,701$21,337,833
89$41,634,986$3,726,137$937,578$23,273,122
90$45,719,166$3,746,130$806,399$25,402,477
91$50,214,811$3,761,980$665,703$27,745,750
92$55,163,729$3,773,324$515,011$30,324,826
93$60,611,988$3,779,775$353,822$33,163,832
94$66,610,347$3,780,921$181,612$36,289,365
95$73,214,742$3,776,325$0$39,730,746
96$80,486,804$3,765,524$0$43,520,919
97$88,494,447$3,748,024$0$47,750,764
98$97,312,507$3,723,303$0$52,407,353
99$107,023,445$3,690,807$0$57,534,159
100$117,718,128$3,649,948$0$63,179,089