Can I retire at age 55 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$182,500$180,874$179,288$177,740$176,229$174,898
2 years$90,346$88,664$87,033$85,452$83,918$82,577
3 years$59,633$57,943$56,316$54,750$53,241$51,931
4 years$44,279$42,594$40,984$39,444$37,972$36,702
5 years$35,069$33,394$31,805$30,297$28,866$27,640
6 years$28,931$27,269$25,703$24,229$22,841$21,661
7 years$24,548$22,900$21,359$19,920$18,575$17,443
8 years$21,263$19,630$18,115$16,710$15,410$14,324
9 years$18,709$17,091$15,602$14,233$12,978$11,938
10 years$16,667$15,065$13,602$12,269$11,058$10,063
11 years$14,997$13,412$11,975$10,678$9,510$8,561
12 years$13,607$12,038$10,628$9,366$8,241$7,336
13 years$12,432$10,878$9,495$8,269$7,186$6,324
14 years$11,425$9,888$8,531$7,340$6,300$5,480
15 years$10,553$9,033$7,703$6,546$5,547$4,768
16 years$9,791$8,288$6,984$5,861$4,902$4,163
17 years$9,119$7,633$6,355$5,266$4,347$3,646
18 years$8,523$7,053$5,801$4,746$3,865$3,201
19 years$7,990$6,537$5,311$4,288$3,445$2,817
20 years$7,511$6,074$4,874$3,884$3,077$2,484
21 years$7,078$5,658$4,483$3,525$2,753$2,194
22 years$6,685$5,281$4,132$3,205$2,468$1,941
23 years$6,327$4,940$3,815$2,919$2,216$1,719
24 years$5,999$4,628$3,528$2,662$1,991$1,524
25 years$5,698$4,343$3,268$2,431$1,792$1,353
26 years$5,420$4,082$3,031$2,223$1,614$1,202
27 years$5,163$3,842$2,814$2,035$1,455$1,068
28 years$4,926$3,620$2,616$1,864$1,313$950
29 years$4,705$3,415$2,435$1,710$1,186$846
30 years$4,499$3,225$2,268$1,569$1,071$753
31 years$4,306$3,049$2,114$1,441$969$671
32 years$4,126$2,885$1,973$1,324$876$598
33 years$3,958$2,732$1,842$1,218$793$534
34 years$3,799$2,589$1,721$1,120$718$476
35 years$3,650$2,456$1,609$1,031$650$425
36 years$3,510$2,331$1,505$950$589$379
37 years$3,377$2,214$1,409$875$534$338
38 years$3,252$2,104$1,319$807$484$302
39 years$3,134$2,001$1,236$744$439$270
40 years$3,021$1,903$1,158$686$398$241
41 years$2,915$1,812$1,086$633$361$215
42 years$2,814$1,726$1,019$584$328$192
43 years$2,717$1,644$956$539$297$172
44 years$2,626$1,567$898$498$270$154
45 years$2,539$1,494$843$460$245$137
46 years$2,455$1,426$792$425$223$123
47 years$2,376$1,361$744$392$202$110
48 years$2,300$1,299$699$363$184$98
49 years$2,227$1,240$657$335$167$88
50 years$2,158$1,185$618$310$151$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,210,000, adding $2,812 every year, while hoping to spend $56,031 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: 44/38/18 Blend
54$2,210,000$2,210,000$2,210,000$2,210,000
55$2,438,321$2,321,191$2,286,936$2,532,803
56$2,627,413$2,375,312$2,303,931$2,653,572
57$2,833,914$2,430,208$2,319,619$2,778,632
58$3,059,542$2,485,857$2,333,894$2,913,008
59$3,306,186$2,542,234$2,346,650$3,057,585
60$3,575,926$2,599,313$2,357,772$3,213,342
61$3,871,054$2,657,063$2,367,141$3,381,355
62$4,194,092$2,715,449$2,374,631$3,562,809
63$4,547,818$2,774,435$2,380,109$3,759,013
64$4,935,290$2,833,977$2,383,438$3,971,407
65$5,359,878$2,894,030$2,384,472$4,201,579
66$5,825,292$2,954,544$2,383,057$4,451,280
67$6,335,616$3,015,462$2,379,035$4,722,439
68$6,895,353$3,076,723$2,372,236$5,017,183
69$7,509,458$3,138,261$2,362,485$5,337,856
70$8,183,391$3,200,005$2,349,597$5,687,043
71$8,923,167$3,261,875$2,333,378$6,067,592
72$9,735,409$3,323,786$2,313,626$6,482,645
73$10,627,416$3,385,646$2,290,127$6,935,663
74$11,607,225$3,447,356$2,262,659$7,430,463
75$12,683,693$3,508,808$2,230,989$7,971,253
76$13,866,576$3,569,885$2,194,874$8,562,673
77$15,166,621$3,630,463$2,154,056$9,209,836
78$16,595,669$3,690,408$2,108,269$9,918,381
79$18,166,764$3,749,575$2,057,233$10,694,522
80$19,894,278$3,807,809$2,000,655$11,545,114
81$21,794,046$3,864,943$1,938,228$12,477,709
82$23,883,512$3,920,799$1,869,632$13,500,638
83$26,181,898$3,975,185$1,794,532$14,623,080
84$28,710,380$4,027,898$1,712,578$15,855,159
85$31,492,293$4,078,719$1,623,403$17,208,033
86$34,553,344$4,127,414$1,526,625$18,694,004
87$37,921,861$4,173,733$1,421,843$20,326,633
88$41,629,056$4,217,411$1,308,639$22,120,870
89$45,709,317$4,258,162$1,186,576$24,093,196
90$50,200,540$4,295,684$1,055,199$26,261,780
91$55,144,477$4,329,654$914,030$28,646,651
92$60,587,134$4,359,728$762,571$31,269,886
93$66,579,208$4,385,541$600,303$34,155,824
94$73,176,557$4,406,702$426,683$37,331,294
95$80,440,733$4,422,798$241,144$40,825,872
96$88,439,560$4,433,387$43,094$44,672,159
97$97,247,774$4,438,002$0$48,906,092
98$106,947,729$4,436,146$0$53,599,601
99$117,630,171$4,427,291$0$58,774,969
100$129,395,095$4,410,875$0$64,472,171