Can I retire at age 55 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$178,371$176,782$175,232$173,719$172,241$166,861
2 years$88,302$86,658$85,064$83,519$82,020$76,647
3 years$58,283$56,632$55,042$53,511$52,037$46,841
4 years$43,277$41,630$40,057$38,552$37,113$32,133
5 years$34,275$32,639$31,085$29,611$28,213$23,462
6 years$28,276$26,652$25,122$23,681$22,324$17,806
7 years$23,993$22,382$20,876$19,469$18,155$13,871
8 years$20,782$19,186$17,705$16,332$15,061$11,008
9 years$18,286$16,705$15,249$13,911$12,684$8,856
10 years$16,290$14,724$13,294$11,992$10,807$7,200
11 years$14,658$13,108$11,704$10,436$9,295$5,901
12 years$13,299$11,765$10,387$9,154$8,055$4,867
13 years$12,150$10,632$9,280$8,082$7,024$4,035
14 years$11,166$9,664$8,338$7,174$6,157$3,359
15 years$10,314$8,829$7,528$6,398$5,421$2,806
16 years$9,570$8,100$6,826$5,729$4,791$2,351
17 years$8,913$7,460$6,211$5,147$4,248$1,973
18 years$8,330$6,893$5,670$4,639$3,777$1,660
19 years$7,809$6,389$5,191$4,191$3,367$1,399
20 years$7,341$5,937$4,764$3,796$3,007$1,180
21 years$6,918$5,530$4,382$3,445$2,691$996
22 years$6,534$5,162$4,038$3,133$2,412$842
23 years$6,184$4,828$3,729$2,853$2,165$713
24 years$5,863$4,523$3,448$2,602$1,946$603
25 years$5,569$4,245$3,194$2,376$1,751$511
26 years$5,297$3,990$2,962$2,173$1,578$433
27 years$5,047$3,755$2,751$1,989$1,422$367
28 years$4,814$3,538$2,557$1,822$1,283$311
29 years$4,598$3,338$2,380$1,671$1,159$264
30 years$4,397$3,152$2,216$1,533$1,047$224
31 years$4,209$2,980$2,066$1,408$947$190
32 years$4,033$2,819$1,928$1,294$856$161
33 years$3,868$2,670$1,800$1,190$775$137
34 years$3,713$2,531$1,682$1,095$702$116
35 years$3,568$2,400$1,573$1,008$636$99
36 years$3,431$2,278$1,471$928$576$84
37 years$3,301$2,164$1,377$855$522$71
38 years$3,179$2,056$1,289$788$473$60
39 years$3,063$1,955$1,208$727$429$51
40 years$2,953$1,860$1,132$671$389$44
41 years$2,849$1,771$1,062$619$353$37
42 years$2,750$1,687$996$571$320$31
43 years$2,656$1,607$935$527$291$27
44 years$2,566$1,532$877$487$264$23
45 years$2,481$1,461$824$449$240$19
46 years$2,400$1,393$774$415$218$16
47 years$2,322$1,330$727$384$198$14
48 years$2,248$1,269$683$354$179$12
49 years$2,177$1,212$642$328$163$10
50 years$2,109$1,158$604$303$148$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,160,000, adding $2,988 every year, while hoping to spend $40,463 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: 43/49/8 Blend
54$2,160,000$2,160,000$2,160,000$2,160,000
55$2,383,402$2,268,922$2,235,442$2,480,257
56$2,583,457$2,337,047$2,267,277$2,615,958
57$2,802,561$2,407,154$2,298,822$2,758,522
58$3,042,615$2,479,297$2,330,026$2,912,035
59$3,305,711$2,553,532$2,360,831$3,077,513
60$3,594,155$2,629,917$2,391,180$3,256,071
61$3,910,485$2,708,509$2,421,011$3,448,939
62$4,257,497$2,789,368$2,450,257$3,657,466
63$4,638,271$2,872,556$2,478,850$3,883,139
64$5,056,198$2,958,135$2,506,715$4,127,589
65$5,515,016$3,046,170$2,533,776$4,392,615
66$6,018,841$3,136,725$2,559,951$4,680,195
67$6,572,207$3,229,869$2,585,153$4,992,504
68$7,180,108$3,325,669$2,609,292$5,331,936
69$7,848,048$3,424,195$2,632,272$5,701,129
70$8,582,088$3,525,520$2,653,992$6,102,982
71$9,388,907$3,629,716$2,674,347$6,540,689
72$10,275,862$3,736,858$2,693,224$7,017,767
73$11,251,058$3,847,023$2,710,505$7,538,085
74$12,323,427$3,960,288$2,726,068$8,105,906
75$13,502,808$4,076,733$2,739,783$8,725,923
76$14,800,040$4,196,440$2,751,512$9,403,302
77$16,227,069$4,319,490$2,761,112$10,143,734
78$17,797,054$4,445,968$2,768,433$10,953,487
79$19,524,494$4,575,961$2,773,316$11,839,463
80$21,425,365$4,709,556$2,775,595$12,809,262
81$23,517,270$4,846,843$2,775,095$13,871,259
82$25,819,605$4,987,912$2,771,634$15,034,676
83$28,353,741$5,132,855$2,765,020$16,309,672
84$31,143,226$5,281,768$2,755,051$17,707,436
85$34,214,006$5,434,746$2,741,517$19,240,297
86$37,594,672$5,591,886$2,724,195$20,921,834
87$41,316,727$5,753,287$2,702,854$22,767,008
88$45,414,886$5,919,050$2,677,252$24,792,298
89$49,927,397$6,089,277$2,647,133$27,015,863
90$54,896,411$6,264,071$2,612,231$29,457,706
91$60,368,372$6,443,537$2,572,268$32,139,867
92$66,394,457$6,627,781$2,526,950$35,086,628
93$73,031,060$6,816,912$2,475,972$38,324,741
94$80,340,325$7,011,037$2,419,014$41,883,684
95$88,390,729$7,210,268$2,355,741$45,795,934
96$97,257,727$7,414,715$2,285,802$50,097,276
97$107,024,470$7,624,492$2,208,832$54,827,139
98$117,782,585$7,839,710$2,124,446$60,028,968
99$129,633,038$8,060,486$2,032,245$65,750,634
100$142,687,091$8,286,933$1,931,808$72,044,882