Can I retire at age 55 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$170,939$169,416$167,930$166,481$165,065$160,683
2 years$84,623$83,047$81,520$80,039$78,602$74,219
3 years$55,855$54,272$52,749$51,282$49,868$45,620
4 years$41,474$39,896$38,387$36,945$35,567$31,486
5 years$32,847$31,279$29,790$28,378$27,037$23,135
6 years$27,098$25,541$24,075$22,694$21,394$17,674
7 years$22,993$21,450$20,006$18,658$17,399$13,862
8 years$19,916$18,386$16,967$15,652$14,434$11,078
9 years$17,524$16,009$14,614$13,332$12,155$8,978
10 years$15,611$14,111$12,741$11,492$10,357$7,354
11 years$14,047$12,562$11,217$10,002$8,907$6,074
12 years$12,745$11,275$9,954$8,773$7,719$5,050
13 years$11,644$10,189$8,894$7,745$6,731$4,221
14 years$10,701$9,262$7,991$6,875$5,900$3,543
15 years$9,885$8,461$7,215$6,131$5,195$2,985
16 years$9,171$7,763$6,541$5,490$4,592$2,522
17 years$8,542$7,149$5,952$4,933$4,071$2,136
18 years$7,983$6,606$5,434$4,445$3,620$1,813
19 years$7,484$6,122$4,974$4,017$3,226$1,541
20 years$7,035$5,689$4,565$3,638$2,882$1,312
21 years$6,630$5,299$4,199$3,302$2,579$1,118
22 years$6,262$4,947$3,870$3,002$2,312$954
23 years$5,926$4,627$3,573$2,734$2,075$815
24 years$5,619$4,335$3,305$2,494$1,865$696
25 years$5,337$4,068$3,061$2,277$1,678$596
26 years$5,077$3,823$2,839$2,082$1,512$510
27 years$4,836$3,598$2,636$1,906$1,363$436
28 years$4,614$3,391$2,451$1,746$1,230$374
29 years$4,407$3,199$2,280$1,601$1,111$320
30 years$4,214$3,021$2,124$1,470$1,003$274
31 years$4,034$2,856$1,980$1,350$907$235
32 years$3,865$2,702$1,848$1,240$821$202
33 years$3,707$2,559$1,725$1,141$743$173
34 years$3,559$2,425$1,612$1,050$672$148
35 years$3,419$2,300$1,507$966$609$127
36 years$3,288$2,183$1,410$890$552$109
37 years$3,164$2,074$1,320$820$500$94
38 years$3,046$1,971$1,236$756$453$80
39 years$2,935$1,874$1,158$697$411$69
40 years$2,830$1,783$1,085$643$373$59
41 years$2,730$1,697$1,017$593$338$51
42 years$2,635$1,616$954$547$307$43
43 years$2,545$1,540$896$505$279$37
44 years$2,459$1,468$841$466$253$32
45 years$2,378$1,400$789$431$230$27
46 years$2,300$1,335$741$398$208$24
47 years$2,225$1,274$697$368$189$20
48 years$2,154$1,217$655$340$172$17
49 years$2,086$1,162$615$314$156$15
50 years$2,021$1,110$578$290$142$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,070,000, adding $2,805 every year, while hoping to spend $44,080 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: 42/47/11 Blend
54$2,070,000$2,070,000$2,070,000$2,070,000
55$2,284,033$2,174,323$2,142,238$2,372,488
56$2,470,104$2,233,964$2,167,103$2,494,304
57$2,673,676$2,295,051$2,191,322$2,621,499
58$2,896,489$2,357,606$2,214,830$2,758,245
59$3,140,457$2,421,655$2,237,552$2,905,434
60$3,407,689$2,487,220$2,259,415$3,064,043
61$3,700,505$2,554,326$2,280,337$3,235,151
62$4,021,463$2,622,995$2,300,236$3,419,941
63$4,373,380$2,693,249$2,319,021$3,619,719
64$4,759,356$2,765,110$2,336,600$3,835,920
65$5,182,809$2,838,599$2,352,874$4,070,125
66$5,647,501$2,913,736$2,367,741$4,324,073
67$6,157,577$2,990,539$2,381,091$4,599,681
68$6,717,602$3,069,029$2,392,810$4,899,058
69$7,332,607$3,149,220$2,402,779$5,224,526
70$8,008,131$3,231,130$2,410,870$5,578,643
71$8,750,278$3,314,773$2,416,952$5,964,227
72$9,565,771$3,400,162$2,420,885$6,384,380
73$10,462,019$3,487,308$2,422,523$6,842,520
74$11,447,180$3,576,222$2,421,713$7,342,411
75$12,530,246$3,666,910$2,418,294$7,888,200
76$13,721,121$3,759,379$2,412,097$8,484,456
77$15,030,719$3,853,632$2,402,945$9,136,210
78$16,471,062$3,949,670$2,390,653$9,849,007
79$18,055,397$4,047,490$2,375,027$10,628,956
80$19,798,319$4,147,089$2,355,862$11,482,786
81$21,715,909$4,248,458$2,332,945$12,417,913
82$23,825,886$4,351,586$2,306,053$13,442,506
83$26,147,771$4,456,459$2,274,950$14,565,567
84$28,703,075$4,563,057$2,239,393$15,797,015
85$31,515,500$4,671,358$2,199,124$17,147,780
86$34,611,160$4,781,334$2,153,874$18,629,905
87$38,018,832$4,892,953$2,103,362$20,256,661
88$41,770,222$5,006,177$2,047,294$22,042,672
89$45,900,269$5,120,963$1,985,362$24,004,053
90$50,447,469$5,237,263$1,917,244$26,158,560
91$55,454,242$5,355,020$1,842,603$28,525,762
92$60,967,332$5,474,174$1,761,088$31,127,224
93$67,038,245$5,594,653$1,672,330$33,986,709
94$73,723,737$5,716,382$1,575,944$37,130,404
95$81,086,348$5,839,275$1,471,528$40,587,168
96$89,194,994$5,963,237$1,358,662$44,388,804
97$98,125,613$6,088,166$1,236,907$48,570,359
98$107,961,886$6,213,947$1,105,804$53,170,456
99$118,796,024$6,340,456$964,874$58,231,658
100$130,729,638$6,467,558$813,617$63,800,871