Can I retire at age 55 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$180,848$179,237$177,666$176,132$174,634$168,976
2 years$89,529$87,861$86,245$84,679$83,159$77,512
3 years$59,093$57,418$55,807$54,254$52,759$47,300
4 years$43,878$42,209$40,613$39,087$37,628$32,399
5 years$34,751$33,092$31,517$30,023$28,605$23,619
6 years$28,669$27,022$25,471$24,009$22,634$17,896
7 years$24,326$22,693$21,166$19,739$18,407$13,917
8 years$21,071$19,452$17,951$16,559$15,271$11,025
9 years$18,540$16,937$15,461$14,105$12,860$8,853
10 years$16,516$14,929$13,479$12,158$10,957$7,184
11 years$14,862$13,290$11,867$10,581$9,424$5,876
12 years$13,484$11,929$10,531$9,281$8,166$4,837
13 years$12,319$10,780$9,409$8,194$7,121$4,002
14 years$11,321$9,799$8,454$7,274$6,242$3,325
15 years$10,458$8,951$7,633$6,487$5,496$2,772
16 years$9,703$8,213$6,920$5,808$4,858$2,317
17 years$9,037$7,564$6,297$5,219$4,307$1,941
18 years$8,446$6,989$5,749$4,703$3,830$1,629
19 years$7,918$6,477$5,263$4,250$3,414$1,369
20 years$7,443$6,019$4,830$3,849$3,049$1,152
21 years$7,014$5,607$4,442$3,493$2,729$971
22 years$6,625$5,234$4,094$3,176$2,446$819
23 years$6,270$4,895$3,780$2,892$2,195$691
24 years$5,945$4,586$3,496$2,638$1,973$584
25 years$5,646$4,304$3,238$2,409$1,776$493
26 years$5,371$4,045$3,003$2,203$1,599$417
27 years$5,117$3,807$2,789$2,016$1,442$353
28 years$4,881$3,587$2,593$1,847$1,301$298
29 years$4,662$3,384$2,413$1,694$1,175$252
30 years$4,458$3,196$2,247$1,555$1,062$214
31 years$4,267$3,021$2,095$1,428$960$181
32 years$4,089$2,859$1,955$1,312$868$153
33 years$3,922$2,707$1,825$1,207$786$130
34 years$3,765$2,566$1,705$1,110$711$110
35 years$3,617$2,434$1,594$1,022$644$93
36 years$3,478$2,310$1,491$941$584$79
37 years$3,347$2,194$1,396$867$529$67
38 years$3,223$2,085$1,307$799$480$57
39 years$3,105$1,983$1,225$737$435$48
40 years$2,994$1,886$1,148$680$395$41
41 years$2,888$1,795$1,076$627$358$34
42 years$2,788$1,710$1,010$579$325$29
43 years$2,693$1,629$948$534$295$25
44 years$2,602$1,553$889$493$268$21
45 years$2,516$1,481$835$456$243$18
46 years$2,433$1,413$784$421$221$15
47 years$2,354$1,348$737$389$200$13
48 years$2,279$1,287$692$359$182$11
49 years$2,207$1,229$651$332$165$9
50 years$2,138$1,174$612$307$150$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,190,000, adding $5,924 every year, while hoping to spend $44,386 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: 42/29/29 Blend
54$2,190,000$2,190,000$2,190,000$2,190,000
55$2,419,491$2,303,421$2,269,476$2,500,349
56$2,619,052$2,369,062$2,298,277$2,624,876
57$2,837,482$2,436,432$2,326,555$2,755,043
58$3,076,656$2,505,569$2,354,246$2,895,176
59$3,338,644$2,576,510$2,381,282$3,046,225
60$3,625,722$2,649,295$2,407,591$3,209,232
61$3,940,397$2,723,962$2,433,097$3,385,348
62$4,285,432$2,800,551$2,457,721$3,575,839
63$4,663,869$2,879,101$2,481,377$3,782,100
64$5,079,058$2,959,652$2,503,978$4,005,668
65$5,534,690$3,042,243$2,525,429$4,248,234
66$6,034,830$3,126,914$2,545,632$4,511,663
67$6,583,956$3,213,705$2,564,484$4,798,009
68$7,186,999$3,302,657$2,581,874$5,109,533
69$7,849,395$3,393,809$2,597,689$5,448,730
70$8,577,129$3,487,202$2,611,807$5,818,345
71$9,376,795$3,582,874$2,624,102$6,221,405
72$10,255,659$3,680,865$2,634,439$6,661,245
73$11,221,723$3,781,214$2,642,680$7,141,538
74$12,283,805$3,883,960$2,648,676$7,666,334
75$13,451,620$3,989,141$2,652,273$8,240,094
76$14,735,870$4,096,793$2,653,310$8,867,735
77$16,148,347$4,206,955$2,651,614$9,554,675
78$17,702,044$4,319,661$2,647,009$10,306,885
79$19,411,275$4,434,947$2,639,306$11,130,944
80$21,291,811$4,552,846$2,628,309$12,034,104
81$23,361,031$4,673,390$2,613,812$13,024,357
82$25,638,081$4,796,611$2,595,599$14,110,508
83$28,144,058$4,922,537$2,573,445$15,302,265
84$30,902,207$5,051,197$2,547,111$16,610,324
85$33,938,143$5,182,617$2,516,350$18,046,473
86$37,280,088$5,316,819$2,480,901$19,623,704
87$40,959,139$5,453,825$2,440,493$21,356,335
88$45,009,562$5,593,653$2,394,841$23,260,147
89$49,469,115$5,736,320$2,343,646$25,352,531
90$54,379,402$5,881,838$2,286,596$27,652,654
91$59,786,269$6,030,215$2,223,364$30,181,640
92$65,740,232$6,181,459$2,153,610$32,962,770
93$72,296,955$6,335,570$2,076,976$36,021,700
94$79,517,777$6,492,546$1,993,087$39,386,710
95$87,470,289$6,652,379$1,901,554$43,088,962
96$96,228,971$6,815,058$1,801,968$47,162,804
97$105,875,894$6,980,564$1,693,903$51,646,090
98$116,501,498$7,148,875$1,576,912$56,580,536
99$128,205,442$7,319,960$1,450,529$62,012,122
100$141,097,542$7,493,783$1,314,267$67,991,517