Can I retire at age 55 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$175,068$173,508$171,987$170,502$169,052$167,147
2 years$86,667$85,053$83,489$81,972$80,501$78,584
3 years$57,204$55,583$54,023$52,520$51,073$49,203
4 years$42,476$40,859$39,315$37,838$36,426$34,616
5 years$33,641$32,034$30,510$29,063$27,690$25,947
6 years$27,753$26,158$24,656$23,242$21,910$20,236
7 years$23,549$21,968$20,490$19,109$17,819$16,214
8 years$20,397$18,830$17,377$16,030$14,783$13,247
9 years$17,947$16,395$14,967$13,654$12,449$10,982
10 years$15,988$14,452$13,048$11,770$10,607$9,207
11 years$14,387$12,865$11,488$10,243$9,123$7,789
12 years$13,053$11,547$10,195$8,985$7,905$6,637
13 years$11,925$10,435$9,108$7,932$6,894$5,689
14 years$10,960$9,486$8,184$7,041$6,043$4,900
15 years$10,123$8,665$7,389$6,280$5,321$4,237
16 years$9,392$7,950$6,699$5,623$4,702$3,677
17 years$8,748$7,322$6,096$5,052$4,170$3,200
18 years$8,176$6,766$5,565$4,553$3,707$2,792
19 years$7,665$6,270$5,094$4,114$3,304$2,441
20 years$7,205$5,827$4,675$3,726$2,952$2,139
21 years$6,790$5,427$4,300$3,381$2,641$1,876
22 years$6,413$5,066$3,964$3,075$2,368$1,648
23 years$6,069$4,738$3,660$2,800$2,125$1,450
24 years$5,755$4,440$3,385$2,554$1,910$1,277
25 years$5,466$4,166$3,135$2,332$1,719$1,125
26 years$5,199$3,916$2,907$2,132$1,548$992
27 years$4,953$3,685$2,700$1,952$1,396$876
28 years$4,725$3,472$2,510$1,788$1,260$774
29 years$4,513$3,276$2,336$1,640$1,137$684
30 years$4,315$3,094$2,175$1,505$1,028$604
31 years$4,131$2,925$2,028$1,382$929$535
32 years$3,958$2,767$1,892$1,270$840$473
33 years$3,797$2,621$1,767$1,168$761$419
34 years$3,645$2,484$1,651$1,075$689$371
35 years$3,502$2,356$1,543$989$624$328
36 years$3,367$2,236$1,444$911$565$291
37 years$3,240$2,124$1,351$840$512$258
38 years$3,120$2,018$1,266$774$464$228
39 years$3,006$1,919$1,186$714$421$202
40 years$2,898$1,826$1,111$658$382$179
41 years$2,796$1,738$1,042$607$347$159
42 years$2,699$1,655$977$560$314$141
43 years$2,607$1,577$917$517$285$125
44 years$2,519$1,503$861$478$259$111
45 years$2,435$1,434$808$441$235$98
46 years$2,355$1,368$759$407$214$87
47 years$2,279$1,305$713$376$194$77
48 years$2,206$1,246$670$348$176$69
49 years$2,137$1,190$630$321$160$61
50 years$2,070$1,137$592$297$145$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,120,000, adding $3,666 every year, while hoping to spend $44,239 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: 73/6/21 Blend
54$2,120,000$2,120,000$2,120,000$2,120,000
55$2,340,021$2,227,661$2,194,801$2,498,692
56$2,531,634$2,289,747$2,221,257$2,666,780
57$2,741,308$2,353,392$2,247,117$2,845,197
58$2,970,839$2,418,626$2,272,313$3,039,550
59$3,222,205$2,485,479$2,296,776$3,251,414
60$3,497,583$2,553,981$2,320,431$3,482,527
61$3,799,371$2,624,160$2,343,200$3,734,804
62$4,130,210$2,696,047$2,365,000$4,010,353
63$4,493,008$2,769,671$2,385,745$4,311,497
64$4,890,970$2,845,059$2,405,342$4,640,795
65$5,327,624$2,922,242$2,423,696$5,001,067
66$5,806,856$3,001,247$2,440,705$5,395,420
67$6,332,948$3,082,100$2,456,261$5,827,276
68$6,910,616$3,164,831$2,470,253$6,300,407
69$7,545,055$3,249,463$2,482,563$6,818,967
70$8,241,988$3,336,024$2,493,065$7,387,537
71$9,007,719$3,424,537$2,501,631$8,011,160
72$9,849,193$3,515,027$2,508,123$8,695,396
73$10,774,063$3,607,515$2,512,397$9,446,371
74$11,790,757$3,702,023$2,514,302$10,270,835
75$12,908,563$3,798,571$2,513,680$11,176,225
76$14,137,712$3,897,177$2,510,364$12,170,739
77$15,489,477$3,997,857$2,504,180$13,263,408
78$16,976,279$4,100,627$2,494,945$14,464,184
79$18,611,801$4,205,499$2,482,467$15,784,036
80$20,411,120$4,312,484$2,466,545$17,235,050
81$22,390,849$4,421,590$2,446,969$18,830,545
82$24,569,290$4,532,823$2,423,517$20,585,197
83$26,966,612$4,646,185$2,395,959$22,515,181
84$29,605,035$4,761,677$2,364,052$24,638,320
85$32,509,044$4,879,294$2,327,543$26,974,256
86$35,705,617$4,999,030$2,286,166$29,544,635
87$39,224,481$5,120,874$2,239,644$32,373,309
88$43,098,391$5,244,809$2,187,685$35,486,566
89$47,363,439$5,370,818$2,129,985$38,913,373
90$52,059,397$5,498,875$2,066,227$42,685,653
91$57,230,086$5,628,951$1,996,076$46,838,587
92$62,923,796$5,761,010$1,919,185$51,410,943
93$69,193,735$5,895,012$1,835,190$56,445,445
94$76,098,537$6,030,908$1,743,710$61,989,176
95$83,702,811$6,168,646$1,644,347$68,094,021
96$92,077,751$6,308,162$1,536,686$74,817,159
97$101,301,808$6,449,389$1,420,291$82,221,604
98$111,461,430$6,592,247$1,294,709$90,376,797
99$122,651,880$6,736,651$1,159,466$99,359,263
100$134,978,129$6,882,505$1,014,066$109,253,335