Can I retire at age 55 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$176,719$175,145$173,609$172,110$170,647$165,184
2 years$87,485$85,855$84,276$82,745$81,260$75,807
3 years$57,744$56,107$54,532$53,016$51,555$46,282
4 years$42,876$41,245$39,686$38,195$36,769$31,718
5 years$33,958$32,337$30,798$29,337$27,951$23,135
6 years$28,015$26,405$24,889$23,461$22,117$17,539
7 years$23,771$22,175$20,683$19,289$17,987$13,647
8 years$20,590$19,008$17,541$16,181$14,922$10,817
9 years$18,116$16,550$15,108$13,783$12,567$8,692
10 years$16,139$14,588$13,171$11,881$10,707$7,057
11 years$14,522$12,987$11,596$10,340$9,209$5,777
12 years$13,176$11,656$10,291$9,069$7,980$4,758
13 years$12,038$10,534$9,194$8,007$6,959$3,940
14 years$11,063$9,575$8,261$7,108$6,100$3,275
15 years$10,219$8,747$7,459$6,339$5,371$2,732
16 years$9,481$8,025$6,762$5,676$4,747$2,285
17 years$8,831$7,391$6,154$5,100$4,209$1,916
18 years$8,253$6,829$5,617$4,596$3,742$1,609
19 years$7,737$6,330$5,142$4,153$3,336$1,354
20 years$7,273$5,882$4,719$3,761$2,979$1,140
21 years$6,854$5,479$4,341$3,413$2,666$961
22 years$6,473$5,114$4,001$3,104$2,390$811
23 years$6,127$4,783$3,694$2,826$2,145$685
24 years$5,809$4,481$3,416$2,578$1,928$579
25 years$5,517$4,206$3,164$2,354$1,735$490
26 years$5,248$3,953$2,935$2,153$1,563$414
27 years$5,000$3,720$2,725$1,970$1,409$351
28 years$4,770$3,505$2,533$1,805$1,271$297
29 years$4,556$3,307$2,358$1,655$1,148$252
30 years$4,356$3,123$2,196$1,519$1,037$213
31 years$4,170$2,952$2,047$1,395$938$181
32 years$3,996$2,793$1,910$1,282$848$153
33 years$3,832$2,645$1,783$1,179$768$130
34 years$3,679$2,507$1,666$1,085$695$110
35 years$3,535$2,378$1,558$999$630$93
36 years$3,399$2,257$1,457$920$570$79
37 years$3,271$2,144$1,364$848$517$67
38 years$3,149$2,037$1,277$781$469$57
39 years$3,034$1,937$1,197$720$425$48
40 years$2,926$1,843$1,122$664$386$41
41 years$2,823$1,754$1,052$613$350$35
42 years$2,725$1,671$987$566$317$29
43 years$2,631$1,592$926$522$288$25
44 years$2,543$1,518$869$482$261$21
45 years$2,458$1,447$816$445$237$18
46 years$2,377$1,381$766$411$216$15
47 years$2,301$1,317$720$380$196$13
48 years$2,227$1,258$677$351$178$11
49 years$2,157$1,201$636$325$161$9
50 years$2,089$1,147$598$300$147$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,140,000, adding $5,384 every year, while hoping to spend $56,997 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: 28/45/27 Blend
54$2,140,000$2,140,000$2,140,000$2,140,000
55$2,363,834$2,250,414$2,217,244$2,410,072
56$2,544,300$2,300,039$2,230,877$2,496,936
57$2,741,264$2,350,187$2,243,057$2,584,896
58$2,956,348$2,400,821$2,253,674$2,678,244
59$3,191,338$2,451,903$2,262,614$2,777,482
60$3,448,200$2,503,392$2,269,758$2,883,163
61$3,729,100$2,555,242$2,274,978$2,995,899
62$4,036,420$2,607,401$2,278,142$3,116,363
63$4,372,786$2,659,815$2,279,111$3,245,302
64$4,741,089$2,712,424$2,277,739$3,383,538
65$5,144,509$2,765,162$2,273,873$3,531,980
66$5,586,554$2,817,960$2,267,352$3,691,631
67$6,071,082$2,870,739$2,258,008$3,863,600
68$6,602,344$2,923,418$2,245,664$4,049,109
69$7,185,024$2,975,906$2,230,134$4,249,510
70$7,824,279$3,028,107$2,211,226$4,466,294
71$8,525,788$3,079,918$2,188,735$4,701,108
72$9,295,810$3,131,225$2,162,448$4,955,772
73$10,141,235$3,181,908$2,132,144$5,232,293
74$11,069,658$3,231,838$2,097,587$5,532,887
75$12,089,442$3,280,877$2,058,535$5,860,002
76$13,209,800$3,328,875$2,014,731$6,216,339
77$14,440,882$3,375,672$1,965,907$6,604,880
78$15,793,871$3,421,099$1,911,783$7,028,918
79$17,281,085$3,464,972$1,852,067$7,492,085
80$18,916,096$3,507,097$1,786,453$7,998,392
81$20,713,858$3,547,264$1,714,618$8,552,265
82$22,690,843$3,585,251$1,636,230$9,158,589
83$24,865,202$3,620,822$1,550,936$9,822,755
84$27,256,932$3,653,722$1,458,372$10,550,711
85$29,888,067$3,683,681$1,358,155$11,349,023
86$32,782,881$3,710,413$1,249,885$12,224,933
87$35,968,122$3,733,611$1,133,144$13,186,435
88$39,473,262$3,752,950$1,007,496$14,242,346
89$43,330,773$3,768,082$872,484$15,402,396
90$47,576,434$3,778,640$727,634$16,677,319
91$52,249,668$3,784,231$572,449$18,078,955
92$57,393,917$3,784,441$406,408$19,620,367
93$63,057,044$3,778,826$228,970$21,315,967
94$69,291,792$3,766,919$39,570$23,181,647
95$76,156,277$3,748,219$0$25,234,942
96$83,714,536$3,722,201$0$27,542,020
97$92,037,132$3,688,302$0$30,092,590
98$101,201,820$3,645,930$0$32,898,949
99$111,294,279$3,594,454$0$35,987,237
100$122,408,919$3,533,206$0$39,386,268