Can I retire at age 55 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$172,590$171,053$169,553$168,089$166,660$161,713
2 years$85,441$83,849$82,307$80,812$79,362$74,419
3 years$56,395$54,797$53,258$51,777$50,350$45,567
4 years$41,874$40,281$38,758$37,302$35,910$31,322
5 years$33,165$31,581$30,078$28,652$27,298$22,918
6 years$27,360$25,788$24,308$22,913$21,600$17,432
7 years$23,215$21,657$20,200$18,838$17,567$13,610
8 years$20,108$18,564$17,131$15,803$14,573$10,826
9 years$17,693$16,163$14,755$13,461$12,273$8,731
10 years$15,762$14,247$12,864$11,603$10,457$7,116
11 years$14,183$12,683$11,325$10,098$8,993$5,847
12 years$12,868$11,384$10,051$8,857$7,794$4,836
13 years$11,757$10,288$8,980$7,820$6,796$4,020
14 years$10,804$9,351$8,068$6,942$5,957$3,356
15 years$9,980$8,543$7,284$6,191$5,245$2,811
16 years$9,259$7,838$6,604$5,543$4,636$2,362
17 years$8,624$7,218$6,010$4,980$4,111$1,989
18 years$8,060$6,670$5,486$4,488$3,655$1,678
19 years$7,556$6,182$5,022$4,056$3,258$1,418
20 years$7,103$5,744$4,609$3,673$2,910$1,200
21 years$6,694$5,351$4,240$3,334$2,604$1,016
22 years$6,322$4,995$3,907$3,031$2,334$862
23 years$5,983$4,671$3,608$2,760$2,095$731
24 years$5,673$4,377$3,337$2,518$1,883$621
25 years$5,388$4,107$3,090$2,299$1,695$528
26 years$5,126$3,860$2,866$2,102$1,526$449
27 years$4,883$3,633$2,662$1,924$1,376$382
28 years$4,658$3,423$2,474$1,763$1,242$325
29 years$4,449$3,229$2,302$1,617$1,121$276
30 years$4,254$3,050$2,145$1,484$1,013$235
31 years$4,072$2,883$1,999$1,363$916$200
32 years$3,902$2,728$1,865$1,252$829$171
33 years$3,743$2,584$1,742$1,152$750$145
34 years$3,593$2,449$1,627$1,060$679$124
35 years$3,452$2,322$1,522$975$615$105
36 years$3,319$2,204$1,423$898$557$90
37 years$3,194$2,094$1,332$828$505$77
38 years$3,076$1,990$1,248$763$458$65
39 years$2,964$1,892$1,169$703$415$56
40 years$2,857$1,800$1,096$649$377$47
41 years$2,757$1,714$1,027$599$342$40
42 years$2,661$1,632$964$552$310$34
43 years$2,570$1,555$904$510$281$29
44 years$2,483$1,482$849$471$255$25
45 years$2,401$1,413$797$435$232$21
46 years$2,322$1,348$749$402$210$18
47 years$2,247$1,287$703$371$191$15
48 years$2,175$1,228$661$343$174$13
49 years$2,106$1,173$621$317$158$11
50 years$2,041$1,120$584$293$143$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,090,000, adding $5,763 every year, while hoping to spend $55,652 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: 69/22/9 Blend
54$2,090,000$2,090,000$2,090,000$2,090,000
55$2,309,125$2,198,355$2,165,960$2,464,115
56$2,485,442$2,246,861$2,179,306$2,616,103
57$2,677,879$2,295,878$2,191,234$2,775,007
58$2,888,020$2,345,374$2,201,638$2,947,346
59$3,117,611$2,395,310$2,210,406$3,134,430
60$3,368,573$2,445,646$2,217,420$3,337,697
61$3,643,021$2,496,337$2,222,558$3,558,737
62$3,943,286$2,547,334$2,225,690$3,799,295
63$4,271,930$2,598,583$2,226,680$4,061,299
64$4,631,779$2,650,025$2,225,386$4,346,867
65$5,025,942$2,701,598$2,221,658$4,658,337
66$5,457,844$2,753,232$2,215,339$4,998,283
67$5,931,256$2,804,853$2,206,265$5,369,539
68$6,450,333$2,856,379$2,194,264$5,775,231
69$7,019,650$2,907,724$2,179,154$6,218,799
70$7,644,245$2,958,794$2,160,747$6,704,038
71$8,329,670$3,009,486$2,138,844$7,235,125
72$9,082,038$3,059,693$2,113,237$7,816,665
73$9,908,084$3,109,296$2,083,708$8,453,733
74$10,815,226$3,158,169$2,050,030$9,151,918
75$11,811,638$3,206,178$2,011,964$9,917,383
76$12,906,320$3,253,176$1,969,261$10,756,915
77$14,109,193$3,299,009$1,921,659$11,677,996
78$15,431,180$3,343,511$1,868,884$12,688,872
79$16,884,320$3,386,503$1,810,652$13,798,626
80$18,481,874$3,427,794$1,746,662$15,017,272
81$20,238,453$3,467,183$1,676,602$16,355,843
82$22,170,152$3,504,452$1,600,145$17,826,498
83$24,294,706$3,539,370$1,516,949$19,442,639
84$26,631,656$3,571,689$1,426,657$21,219,032
85$29,202,530$3,601,146$1,328,895$23,171,952
86$32,031,049$3,627,463$1,223,273$25,319,335
87$35,143,346$3,650,339$1,109,383$27,680,948
88$38,568,220$3,669,458$986,800$30,278,574
89$42,337,398$3,684,482$855,078$33,136,221
90$46,485,843$3,695,051$713,753$36,280,346
91$51,052,074$3,700,784$562,339$39,740,107
92$56,078,539$3,701,275$400,330$43,547,639
93$61,612,006$3,696,094$227,197$47,738,357
94$67,704,010$3,684,783$42,388$52,351,289
95$74,411,338$3,666,856$0$57,429,451
96$81,796,562$3,641,798$0$63,035,114
97$89,928,628$3,609,064$0$69,210,963
98$98,883,514$3,568,073$0$76,010,561
99$108,744,936$3,518,213$0$83,497,421
100$119,605,145$3,458,831$0$91,741,540