Can I retire at age 55 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$169,287$167,779$166,308$164,872$163,470$157,232
2 years$83,805$82,245$80,732$79,265$77,843$71,632
3 years$55,315$53,748$52,239$50,786$49,387$43,398
4 years$41,073$39,510$38,017$36,589$35,223$29,502
5 years$32,530$30,977$29,502$28,104$26,776$21,338
6 years$26,836$25,295$23,842$22,475$21,187$16,035
7 years$22,771$21,242$19,813$18,478$17,231$12,363
8 years$19,724$18,209$16,803$15,500$14,294$9,707
9 years$17,355$15,854$14,472$13,203$12,038$7,724
10 years$15,460$13,974$12,617$11,381$10,257$6,208
11 years$13,912$12,441$11,108$9,905$8,821$5,029
12 years$12,622$11,166$9,858$8,688$7,644$4,099
13 years$11,532$10,091$8,808$7,670$6,666$3,357
14 years$10,598$9,172$7,914$6,809$5,843$2,760
15 years$9,789$8,379$7,145$6,072$5,145$2,276
16 years$9,082$7,688$6,478$5,437$4,547$1,882
17 years$8,459$7,080$5,895$4,885$4,032$1,559
18 years$7,906$6,542$5,381$4,402$3,585$1,294
19 years$7,412$6,063$4,926$3,978$3,195$1,075
20 years$6,967$5,634$4,521$3,603$2,854$895
21 years$6,566$5,248$4,158$3,270$2,554$745
22 years$6,201$4,899$3,833$2,973$2,289$621
23 years$5,869$4,582$3,539$2,708$2,055$518
24 years$5,565$4,293$3,273$2,469$1,847$432
25 years$5,285$4,029$3,031$2,255$1,662$361
26 years$5,028$3,786$2,811$2,062$1,497$301
27 years$4,790$3,563$2,611$1,887$1,350$252
28 years$4,569$3,358$2,427$1,729$1,218$210
29 years$4,364$3,168$2,258$1,586$1,100$176
30 years$4,173$2,992$2,104$1,455$994$147
31 years$3,995$2,828$1,961$1,337$898$123
32 years$3,828$2,676$1,830$1,228$813$103
33 years$3,671$2,534$1,708$1,130$736$86
34 years$3,524$2,402$1,596$1,039$666$72
35 years$3,386$2,278$1,492$957$603$60
36 years$3,256$2,162$1,396$881$546$50
37 years$3,133$2,054$1,307$812$495$42
38 years$3,017$1,952$1,224$748$449$35
39 years$2,907$1,856$1,146$690$407$29
40 years$2,803$1,766$1,075$636$369$25
41 years$2,704$1,681$1,008$587$335$21
42 years$2,610$1,601$945$542$304$17
43 years$2,521$1,525$887$500$276$14
44 years$2,436$1,454$833$462$250$12
45 years$2,355$1,386$782$427$227$10
46 years$2,277$1,322$734$394$206$8
47 years$2,204$1,262$690$364$187$7
48 years$2,133$1,205$648$336$170$6
49 years$2,066$1,150$609$311$155$5
50 years$2,002$1,099$573$287$140$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,050,000, adding $3,120 every year, while hoping to spend $59,145 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: 27/47/26 Blend
54$2,050,000$2,050,000$2,050,000$2,050,000
55$2,262,318$2,153,668$2,121,893$2,304,936
56$2,430,145$2,196,268$2,130,047$2,381,987
57$2,613,108$2,238,973$2,136,491$2,459,330
58$2,812,688$2,281,726$2,141,107$2,541,153
59$3,030,516$2,324,465$2,143,768$2,627,877
60$3,268,387$2,367,122$2,144,343$2,719,967
61$3,528,277$2,409,625$2,142,693$2,817,940
62$3,812,361$2,451,896$2,138,672$2,922,364
63$4,123,033$2,493,851$2,132,130$3,033,870
64$4,462,931$2,535,399$2,122,905$3,153,155
65$4,834,959$2,576,442$2,110,831$3,280,989
66$5,242,312$2,616,875$2,095,731$3,418,226
67$5,688,513$2,656,587$2,077,423$3,565,809
68$6,177,438$2,695,456$2,055,713$3,724,779
69$6,713,357$2,733,354$2,030,400$3,896,289
70$7,300,973$2,770,142$2,001,272$4,081,615
71$7,945,466$2,805,673$1,968,109$4,282,165
72$8,652,541$2,839,788$1,930,677$4,499,497
73$9,428,481$2,872,319$1,888,736$4,735,332
74$10,280,209$2,903,085$1,842,032$4,991,573
75$11,215,349$2,931,895$1,790,298$5,270,323
76$12,242,300$2,958,543$1,733,259$5,573,905
77$13,370,314$2,982,810$1,670,622$5,904,886
78$14,609,583$3,004,465$1,602,085$6,266,103
79$15,971,335$3,023,259$1,527,330$6,660,690
80$17,467,941$3,038,929$1,446,025$7,092,109
81$19,113,028$3,051,193$1,357,824$7,564,181
82$20,921,610$3,059,755$1,262,364$8,081,132
83$22,910,227$3,064,295$1,159,266$8,647,623
84$25,097,104$3,064,479$1,048,135$9,268,807
85$27,502,317$3,059,948$928,556$9,950,368
86$30,147,990$3,050,322$800,100$10,698,587
87$33,058,496$3,035,198$662,313$11,520,396
88$36,260,688$3,014,148$514,726$12,423,447
89$39,784,156$2,986,719$356,848$13,416,190
90$43,661,501$2,952,430$188,163$14,507,949
91$47,928,646$2,910,771$8,138$15,709,019
92$52,625,170$2,861,200$0$17,030,759
93$57,794,685$2,803,147$0$18,536,746
94$63,485,245$2,736,004$0$20,195,504
95$69,749,802$2,659,129$0$22,020,210
96$76,646,698$2,571,843$0$24,027,886
97$84,240,224$2,473,426$0$26,237,306
98$92,601,219$2,363,117$0$28,669,170
99$101,807,744$2,240,110$0$31,346,306
100$111,945,813$2,103,554$0$34,293,885