Can I retire at age 55 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$183,326$181,693$180,099$178,544$177,026$172,118
2 years$90,755$89,065$87,427$85,839$84,298$79,390
3 years$59,902$58,205$56,571$54,998$53,482$48,728
4 years$44,479$42,787$41,169$39,623$38,144$33,580
5 years$35,228$33,545$31,949$30,434$28,996$24,635
6 years$29,062$27,392$25,820$24,338$22,944$18,789
7 years$24,659$23,004$21,456$20,010$18,660$14,712
8 years$21,359$19,719$18,197$16,786$15,480$11,737
9 years$18,794$17,169$15,673$14,298$13,036$9,494
10 years$16,742$15,133$13,664$12,325$11,108$7,762
11 years$15,065$13,472$12,029$10,726$9,553$6,399
12 years$13,669$12,092$10,676$9,408$8,278$5,309
13 years$12,488$10,928$9,538$8,306$7,219$4,429
14 years$11,477$9,933$8,570$7,373$6,328$3,710
15 years$10,601$9,074$7,738$6,576$5,572$3,119
16 years$9,835$8,325$7,015$5,888$4,924$2,629
17 years$9,161$7,667$6,384$5,290$4,366$2,222
18 years$8,562$7,085$5,827$4,768$3,882$1,882
19 years$8,026$6,566$5,335$4,308$3,460$1,596
20 years$7,545$6,102$4,896$3,902$3,091$1,356
21 years$7,110$5,683$4,503$3,541$2,766$1,153
22 years$6,715$5,305$4,150$3,220$2,479$982
23 years$6,356$4,962$3,832$2,932$2,226$836
24 years$6,026$4,649$3,544$2,674$2,000$713
25 years$5,724$4,363$3,283$2,442$1,800$608
26 years$5,445$4,100$3,044$2,233$1,621$519
27 years$5,187$3,859$2,827$2,044$1,462$443
28 years$4,948$3,636$2,628$1,873$1,319$379
29 years$4,726$3,430$2,446$1,717$1,191$324
30 years$4,519$3,240$2,278$1,576$1,076$277
31 years$4,326$3,062$2,124$1,448$973$237
32 years$4,145$2,898$1,982$1,330$880$202
33 years$3,976$2,744$1,850$1,223$797$173
34 years$3,817$2,601$1,729$1,126$721$148
35 years$3,667$2,467$1,616$1,036$653$127
36 years$3,526$2,341$1,512$954$592$108
37 years$3,393$2,224$1,415$879$536$93
38 years$3,267$2,113$1,325$810$486$79
39 years$3,148$2,010$1,242$747$441$68
40 years$3,035$1,912$1,164$689$400$58
41 years$2,928$1,820$1,091$636$363$50
42 years$2,826$1,733$1,024$587$329$43
43 years$2,730$1,652$960$542$299$36
44 years$2,638$1,574$902$500$271$31
45 years$2,550$1,501$847$462$246$27
46 years$2,466$1,432$795$427$224$23
47 years$2,387$1,367$747$394$203$20
48 years$2,310$1,305$702$364$184$17
49 years$2,237$1,246$660$337$167$14
50 years$2,167$1,190$620$311$152$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,220,000, adding $5,071 every year, while hoping to spend $44,598 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: 35/35/30 Blend
54$2,220,000$2,220,000$2,220,000$2,220,000
55$2,451,671$2,334,011$2,299,601$2,515,204
56$2,654,289$2,400,925$2,329,185$2,630,408
57$2,876,080$2,469,624$2,358,266$2,750,286
58$3,118,952$2,540,147$2,386,780$2,878,792
59$3,385,006$2,612,535$2,414,658$3,016,730
60$3,676,557$2,686,830$2,441,830$3,164,986
61$3,996,155$2,763,074$2,468,220$3,324,536
62$4,346,605$2,841,307$2,493,748$3,496,453
63$4,731,002$2,921,574$2,518,331$3,681,920
64$5,152,749$3,003,916$2,541,881$3,882,239
65$5,615,599$3,088,378$2,564,303$4,098,843
66$6,123,684$3,175,002$2,585,501$4,333,312
67$6,681,556$3,263,833$2,605,371$4,587,386
68$7,294,227$3,354,914$2,623,804$4,862,981
69$7,967,223$3,448,289$2,640,686$5,162,209
70$8,706,627$3,544,002$2,655,896$5,487,395
71$9,519,143$3,642,098$2,669,309$5,841,102
72$10,412,155$3,742,621$2,680,791$6,226,153
73$11,393,800$3,845,614$2,690,202$6,645,660
74$12,473,040$3,951,122$2,697,396$7,103,049
75$13,659,750$4,059,186$2,702,218$7,602,099
76$14,964,810$4,169,852$2,704,508$8,146,971
77$16,400,206$4,283,161$2,704,095$8,742,252
78$17,979,147$4,399,155$2,700,802$9,392,995
79$19,716,181$4,517,876$2,694,440$10,104,772
80$21,627,343$4,639,363$2,684,816$10,883,719
81$23,730,297$4,763,657$2,671,722$11,736,601
82$26,044,507$4,890,795$2,654,944$12,670,872
83$28,591,419$5,020,816$2,634,256$13,694,750
84$31,394,662$5,153,754$2,609,422$14,817,286
85$34,480,273$5,289,644$2,580,194$16,048,460
86$37,876,943$5,428,519$2,546,313$17,399,270
87$41,616,283$5,570,408$2,507,506$18,881,834
88$45,733,127$5,715,341$2,463,490$20,509,512
89$50,265,856$5,863,342$2,413,967$22,297,023
90$55,256,763$6,014,437$2,358,625$24,260,593
91$60,752,453$6,168,644$2,297,139$26,418,104
92$66,804,277$6,325,981$2,229,167$28,789,263
93$73,468,822$6,486,463$2,154,353$31,395,790
94$80,808,442$6,650,100$2,072,324$34,261,623
95$88,891,846$6,816,897$1,982,689$37,413,146
96$97,794,746$6,986,858$1,885,042$40,879,435
97$107,600,574$7,159,978$1,778,955$44,692,537
98$118,401,266$7,336,250$1,663,983$48,887,771
99$130,298,130$7,515,661$1,539,661$53,504,061
100$143,402,801$7,698,190$1,405,501$58,584,310