Can I retire at age 55 with 1,540,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$127,172$126,039$124,934$123,855$122,802$121,067
2 years$62,956$61,784$60,647$59,546$58,477$56,732
3 years$41,554$40,376$39,243$38,152$37,100$35,400
4 years$30,855$29,681$28,559$27,486$26,460$24,818
5 years$24,437$23,270$22,163$21,112$20,115$18,535
6 years$20,160$19,002$17,911$16,883$15,916$14,400
7 years$17,106$15,958$14,884$13,881$12,944$11,493
8 years$14,817$13,679$12,623$11,644$10,738$9,352
9 years$13,037$11,910$10,872$9,918$9,043$7,721
10 years$11,614$10,498$9,478$8,550$7,705$6,446
11 years$10,451$9,346$8,345$7,441$6,627$5,430
12 years$9,482$8,388$7,406$6,527$5,743$4,606
13 years$8,663$7,580$6,617$5,762$5,008$3,930
14 years$7,961$6,890$5,945$5,115$4,390$3,369
15 years$7,354$6,295$5,368$4,562$3,865$2,900
16 years$6,823$5,775$4,866$4,084$3,416$2,504
17 years$6,355$5,319$4,428$3,670$3,029$2,169
18 years$5,939$4,915$4,042$3,307$2,693$1,883
19 years$5,568$4,555$3,701$2,988$2,400$1,638
20 years$5,234$4,233$3,396$2,707$2,144$1,427
21 years$4,932$3,943$3,124$2,456$1,919$1,246
22 years$4,658$3,680$2,879$2,233$1,720$1,089
23 years$4,409$3,442$2,658$2,034$1,544$952
24 years$4,180$3,225$2,459$1,855$1,388$834
25 years$3,970$3,026$2,277$1,694$1,249$731
26 years$3,777$2,844$2,112$1,549$1,125$641
27 years$3,598$2,677$1,961$1,418$1,014$563
28 years$3,432$2,522$1,823$1,299$915$494
29 years$3,278$2,380$1,697$1,191$826$434
30 years$3,135$2,247$1,580$1,093$747$382
31 years$3,001$2,124$1,473$1,004$675$336
32 years$2,875$2,010$1,375$923$611$295
33 years$2,758$1,904$1,283$849$553$260
34 years$2,648$1,804$1,199$781$500$229
35 years$2,544$1,711$1,121$719$453$201
36 years$2,446$1,624$1,049$662$411$177
37 years$2,354$1,543$982$610$372$156
38 years$2,266$1,466$919$562$337$138
39 years$2,184$1,394$861$518$306$121
40 years$2,105$1,326$807$478$277$107
41 years$2,031$1,263$757$441$252$94
42 years$1,961$1,202$710$407$228$83
43 years$1,894$1,146$666$376$207$73
44 years$1,830$1,092$625$347$188$64
45 years$1,769$1,041$587$320$171$57
46 years$1,711$993$552$296$155$50
47 years$1,656$948$518$273$141$44
48 years$1,603$905$487$253$128$39
49 years$1,552$864$458$234$116$34
50 years$1,504$826$430$216$106$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,540,000, adding $4,365 every year, while hoping to spend $57,437 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: 37/36/27 Blend
54$1,540,000$1,540,000$1,540,000$1,540,000
55$1,701,582$1,619,962$1,596,092$1,750,657
56$1,814,031$1,638,228$1,588,449$1,805,500
57$1,936,025$1,655,464$1,578,625$1,859,133
58$2,068,476$1,671,558$1,566,485$1,915,957
59$2,212,389$1,686,393$1,551,891$1,976,298
60$2,368,869$1,699,842$1,534,695$2,040,517
61$2,539,130$1,711,771$1,514,744$2,109,017
62$2,724,510$1,722,036$1,491,876$2,182,244
63$2,926,480$1,730,486$1,465,924$2,260,694
64$3,146,658$1,736,957$1,436,710$2,344,916
65$3,386,828$1,741,279$1,404,051$2,435,520
66$3,648,951$1,743,268$1,367,753$2,533,184
67$3,935,185$1,742,729$1,327,613$2,638,658
68$4,247,907$1,739,456$1,283,421$2,752,774
69$4,589,733$1,733,229$1,234,956$2,876,455
70$4,963,545$1,723,817$1,181,986$3,010,723
71$5,372,515$1,710,971$1,124,271$3,156,712
72$5,820,133$1,694,431$1,061,556$3,315,675
73$6,310,247$1,673,918$993,578$3,489,002
74$6,847,091$1,649,139$920,062$3,678,233
75$7,435,329$1,619,781$840,718$3,885,071
76$8,080,096$1,585,515$755,247$4,111,401
77$8,787,051$1,545,990$663,332$4,359,311
78$9,562,423$1,500,836$564,646$4,631,109
79$10,413,074$1,449,661$458,846$4,929,350
80$11,346,563$1,392,049$345,572$5,256,859
81$12,371,215$1,327,563$224,452$5,616,761
82$13,496,202$1,255,736$95,094$6,012,512
83$14,731,626$1,176,079$0$6,447,930
84$16,088,616$1,088,071$0$6,939,615
85$17,579,431$991,163$0$7,509,899
86$19,217,578$884,774$0$8,136,645
87$21,017,934$768,291$0$8,825,686
88$22,996,892$641,066$0$9,583,460
89$25,172,510$502,413$0$10,417,071
90$27,564,684$351,610$0$11,334,357
91$30,195,334$187,891$0$12,343,965
92$33,088,610$10,450$0$13,455,438
93$36,271,121$0$0$14,679,300
94$39,772,184$0$0$16,099,092
95$43,624,099$0$0$17,665,967
96$47,862,457$0$0$19,390,294
97$52,526,472$0$0$21,288,057
98$57,659,351$0$0$23,376,871
99$63,308,701$0$0$25,676,143
100$69,526,980$0$0$28,207,257