Can I retire at age 55 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$171,764$170,234$168,742$167,285$165,862$163,925
2 years$85,032$83,448$81,913$80,425$78,982$77,033
3 years$56,125$54,534$53,003$51,529$50,109$48,208
4 years$41,674$40,089$38,573$37,124$35,738$33,899
5 years$33,006$31,430$29,934$28,515$27,168$25,397
6 years$27,229$25,665$24,191$22,803$21,497$19,796
7 years$23,104$21,553$20,103$18,748$17,483$15,852
8 years$20,012$18,475$17,049$15,727$14,504$12,944
9 years$17,609$16,086$14,684$13,396$12,214$10,724
10 years$15,687$14,179$12,802$11,548$10,407$8,986
11 years$14,115$12,623$11,271$10,050$8,950$7,597
12 years$12,807$11,329$10,003$8,815$7,756$6,469
13 years$11,700$10,239$8,937$7,782$6,764$5,541
14 years$10,753$9,307$8,030$6,908$5,929$4,770
15 years$9,932$8,502$7,250$6,161$5,220$4,122
16 years$9,215$7,800$6,573$5,517$4,614$3,575
17 years$8,583$7,184$5,981$4,957$4,091$3,109
18 years$8,022$6,638$5,460$4,467$3,637$2,711
19 years$7,520$6,152$4,998$4,036$3,242$2,368
20 years$7,069$5,717$4,587$3,656$2,896$2,073
21 years$6,662$5,325$4,219$3,318$2,591$1,817
22 years$6,292$4,971$3,889$3,016$2,323$1,595
23 years$5,955$4,649$3,591$2,747$2,085$1,402
24 years$5,646$4,356$3,321$2,506$1,874$1,234
25 years$5,363$4,088$3,076$2,288$1,686$1,087
26 years$5,101$3,842$2,852$2,092$1,519$958
27 years$4,860$3,616$2,649$1,915$1,370$845
28 years$4,636$3,407$2,462$1,755$1,236$745
29 years$4,428$3,214$2,291$1,609$1,116$658
30 years$4,234$3,035$2,134$1,477$1,008$581
31 years$4,053$2,869$1,990$1,356$912$514
32 years$3,884$2,715$1,857$1,246$825$454
33 years$3,725$2,571$1,733$1,146$746$402
34 years$3,576$2,437$1,620$1,055$676$355
35 years$3,436$2,311$1,514$971$612$314
36 years$3,304$2,194$1,417$894$554$278
37 years$3,179$2,084$1,326$824$503$246
38 years$3,061$1,980$1,242$759$456$218
39 years$2,949$1,883$1,163$700$413$193
40 years$2,844$1,791$1,090$646$375$171
41 years$2,743$1,705$1,022$596$340$151
42 years$2,648$1,624$959$550$309$134
43 years$2,558$1,547$900$508$280$119
44 years$2,471$1,475$845$469$254$105
45 years$2,389$1,407$793$433$231$93
46 years$2,311$1,342$745$400$209$83
47 years$2,236$1,280$700$369$190$73
48 years$2,165$1,222$658$341$173$65
49 years$2,096$1,167$618$315$157$58
50 years$2,031$1,115$581$292$143$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,080,000, adding $2,347 every year, while hoping to spend $44,724 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: 55/17/28 Blend
54$2,080,000$2,080,000$2,080,000$2,080,000
55$2,294,581$2,184,341$2,152,101$2,402,875
56$2,481,042$2,243,788$2,176,610$2,537,274
57$2,685,024$2,304,648$2,200,442$2,678,768
58$2,908,265$2,366,945$2,223,525$2,831,977
59$3,152,682$2,430,699$2,245,788$2,998,048
60$3,420,384$2,495,932$2,267,150$3,178,239
61$3,713,695$2,562,665$2,287,532$3,373,938
62$4,035,174$2,630,917$2,306,846$3,586,676
63$4,387,638$2,700,708$2,325,001$3,818,137
64$4,774,190$2,772,056$2,341,902$4,070,179
65$5,198,250$2,844,980$2,357,448$4,344,846
66$5,663,583$2,919,495$2,371,534$4,644,395
67$6,174,335$2,995,617$2,384,047$4,971,309
68$6,735,076$3,073,361$2,394,871$5,328,326
69$7,350,837$3,152,739$2,403,883$5,718,463
70$8,027,163$3,233,764$2,410,954$6,145,044
71$8,770,160$3,316,445$2,415,947$6,611,735
72$9,586,556$3,400,790$2,418,721$7,122,573
73$10,483,762$3,486,806$2,419,126$7,682,008
74$11,469,944$3,574,498$2,417,004$8,294,944
75$12,554,097$3,663,866$2,412,192$8,966,787
76$13,746,131$3,754,912$2,404,517$9,703,493
77$15,056,965$3,847,632$2,393,797$10,511,628
78$16,498,629$3,942,019$2,379,843$11,398,428
79$18,084,378$4,038,067$2,362,457$12,371,865
80$19,828,814$4,135,761$2,341,428$13,440,730
81$21,748,027$4,235,088$2,316,540$14,614,709
82$23,859,745$4,336,026$2,287,563$15,904,476
83$26,183,500$4,438,553$2,254,258$17,321,799
84$28,740,816$4,542,641$2,216,375$18,879,643
85$31,555,406$4,648,257$2,173,650$20,592,300
86$34,653,400$4,755,364$2,125,809$22,475,522
87$38,063,588$4,863,918$2,072,565$24,546,668
88$41,817,694$4,973,871$2,013,617$26,824,871
89$45,950,676$5,085,167$1,948,650$29,331,217
90$50,501,051$5,197,746$1,877,335$32,088,946
91$55,511,261$5,311,538$1,799,329$35,123,671
92$61,028,074$5,426,468$1,714,271$38,463,621
93$67,103,024$5,542,452$1,621,786$42,139,906
94$73,792,897$5,659,396$1,521,480$46,186,814
95$81,160,265$5,777,200$1,412,943$50,642,135
96$89,274,081$5,895,751$1,295,745$55,547,517
97$98,210,323$6,014,929$1,169,438$60,948,858
98$108,052,716$6,134,601$1,033,555$66,896,746
99$118,893,519$6,254,622$887,604$73,446,932
100$130,834,395$6,374,836$731,077$80,660,858