Can I retire at age 55 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$175,893$174,327$172,798$171,306$169,849$167,311
2 years$87,076$85,454$83,883$82,359$80,881$78,329
3 years$57,474$55,845$54,278$52,768$51,314$48,829
4 years$42,676$41,052$39,500$38,016$36,598$34,197
5 years$33,799$32,185$30,654$29,200$27,821$25,513
6 years$27,884$26,282$24,773$23,352$22,014$19,801
7 years$23,660$22,071$20,586$19,199$17,903$15,786
8 years$20,493$18,919$17,459$16,105$14,852$12,830
9 years$18,032$16,473$15,037$13,718$12,508$10,580
10 years$16,064$14,520$13,110$11,825$10,657$8,822
11 years$14,455$12,926$11,542$10,291$9,166$7,422
12 years$13,115$11,602$10,243$9,027$7,943$6,288
13 years$11,982$10,485$9,151$7,969$6,926$5,358
14 years$11,011$9,530$8,223$7,074$6,071$4,587
15 years$10,171$8,706$7,424$6,309$5,346$3,943
16 years$9,437$7,988$6,731$5,649$4,725$3,400
17 years$8,789$7,356$6,125$5,076$4,189$2,940
18 years$8,215$6,798$5,591$4,574$3,725$2,549
19 years$7,701$6,300$5,118$4,133$3,320$2,214
20 years$7,239$5,854$4,697$3,743$2,966$1,927
21 years$6,822$5,453$4,321$3,397$2,654$1,679
22 years$6,443$5,090$3,982$3,089$2,379$1,465
23 years$6,098$4,761$3,677$2,813$2,135$1,280
24 years$5,782$4,460$3,400$2,566$1,919$1,119
25 years$5,491$4,186$3,150$2,343$1,727$979
26 years$5,224$3,934$2,921$2,143$1,556$858
27 years$4,977$3,702$2,712$1,961$1,403$752
28 years$4,747$3,489$2,522$1,797$1,266$659
29 years$4,534$3,291$2,347$1,648$1,143$578
30 years$4,336$3,108$2,186$1,512$1,033$507
31 years$4,150$2,938$2,038$1,389$934$445
32 years$3,977$2,780$1,901$1,276$844$391
33 years$3,815$2,633$1,775$1,174$764$344
34 years$3,662$2,495$1,659$1,080$692$302
35 years$3,518$2,367$1,551$994$627$265
36 years$3,383$2,247$1,451$916$568$233
37 years$3,255$2,134$1,358$844$515$205
38 years$3,135$2,028$1,271$778$467$180
39 years$3,020$1,928$1,191$717$423$159
40 years$2,912$1,835$1,117$661$384$140
41 years$2,809$1,746$1,047$610$348$123
42 years$2,712$1,663$982$563$316$108
43 years$2,619$1,585$922$520$287$95
44 years$2,531$1,510$865$480$260$84
45 years$2,447$1,440$812$443$236$74
46 years$2,366$1,374$763$409$215$65
47 years$2,290$1,311$717$378$195$57
48 years$2,217$1,252$674$350$177$50
49 years$2,147$1,195$633$323$161$44
50 years$2,080$1,142$595$299$146$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,130,000, adding $3,994 every year, while hoping to spend $49,632 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: 57/37/6 Blend
54$2,130,000$2,130,000$2,130,000$2,130,000
55$2,351,380$2,238,490$2,205,475$2,482,260
56$2,538,412$2,295,368$2,226,550$2,627,582
57$2,742,859$2,353,369$2,246,668$2,779,893
58$2,966,443$2,412,497$2,265,744$2,944,601
59$3,211,063$2,472,752$2,283,689$3,122,895
60$3,478,809$2,534,134$2,300,410$3,316,081
61$3,771,981$2,596,640$2,315,808$3,525,597
62$4,093,115$2,660,267$2,329,779$3,753,027
63$4,445,000$2,725,008$2,342,214$4,000,117
64$4,830,711$2,790,854$2,352,999$4,268,785
65$5,253,633$2,857,795$2,362,014$4,561,146
66$5,717,493$2,925,817$2,369,131$4,879,531
67$6,226,399$2,994,904$2,374,219$5,226,502
68$6,784,874$3,065,037$2,377,137$5,604,887
69$7,397,900$3,136,192$2,377,740$6,017,797
70$8,070,964$3,208,344$2,375,873$6,468,660
71$8,810,114$3,281,464$2,371,376$6,961,251
72$9,622,008$3,355,518$2,364,079$7,499,732
73$10,513,983$3,430,469$2,353,806$8,088,684
74$11,494,121$3,506,273$2,340,370$8,733,158
75$12,571,326$3,582,885$2,323,577$9,438,715
76$13,755,407$3,660,253$2,303,223$10,211,485
77$15,057,171$3,738,318$2,279,094$11,058,220
78$16,488,525$3,817,018$2,250,966$11,986,362
79$18,062,586$3,896,283$2,218,604$13,004,109
80$19,793,806$3,976,038$2,181,764$14,120,494
81$21,698,110$4,056,199$2,140,188$15,345,472
82$23,793,040$4,136,675$2,093,608$16,690,011
83$26,097,927$4,217,370$2,041,741$18,166,198
84$28,634,070$4,298,175$1,984,293$19,787,353
85$31,424,935$4,378,976$1,920,957$21,568,151
86$34,496,380$4,459,646$1,851,410$23,524,766
87$37,876,893$4,540,052$1,775,316$25,675,021
88$41,597,869$4,620,047$1,692,321$28,038,558
89$45,693,897$4,699,475$1,602,059$30,637,019
90$50,203,090$4,778,165$1,504,144$33,494,256
91$55,167,446$4,855,935$1,398,173$36,636,554
92$60,633,241$4,932,592$1,283,728$40,092,880
93$66,651,466$5,007,924$1,160,367$43,895,155
94$73,278,311$5,081,707$1,027,634$48,078,558
95$80,575,687$5,153,699$885,049$52,681,856
96$88,611,820$5,223,644$732,111$57,747,773
97$97,461,888$5,291,264$568,299$63,323,392
98$107,208,729$5,356,265$393,066$69,460,600
99$117,943,629$5,418,331$205,843$76,216,579
100$129,767,176$5,477,127$6,036$83,654,346