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

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 $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%18.9%
1 years$127,172$126,039$124,934$123,855$122,802$118,398
2 years$62,956$61,784$60,647$59,546$58,477$54,088
3 years$41,554$40,376$39,243$38,152$37,100$32,863
4 years$30,855$29,681$28,559$27,486$26,460$22,408
5 years$24,437$23,270$22,163$21,112$20,115$16,258
6 years$20,160$19,002$17,911$16,883$15,916$12,258
7 years$17,106$15,958$14,884$13,881$12,944$9,484
8 years$14,817$13,679$12,623$11,644$10,738$7,473
9 years$13,037$11,910$10,872$9,918$9,043$5,968
10 years$11,614$10,498$9,478$8,550$7,705$4,815
11 years$10,451$9,346$8,345$7,441$6,627$3,916
12 years$9,482$8,388$7,406$6,527$5,743$3,204
13 years$8,663$7,580$6,617$5,762$5,008$2,635
14 years$7,961$6,890$5,945$5,115$4,390$2,175
15 years$7,354$6,295$5,368$4,562$3,865$1,802
16 years$6,823$5,775$4,866$4,084$3,416$1,496
17 years$6,355$5,319$4,428$3,670$3,029$1,245
18 years$5,939$4,915$4,042$3,307$2,693$1,038
19 years$5,568$4,555$3,701$2,988$2,400$867
20 years$5,234$4,233$3,396$2,707$2,144$724
21 years$4,932$3,943$3,124$2,456$1,919$606
22 years$4,658$3,680$2,879$2,233$1,720$508
23 years$4,409$3,442$2,658$2,034$1,544$425
24 years$4,180$3,225$2,459$1,855$1,388$357
25 years$3,970$3,026$2,277$1,694$1,249$299
26 years$3,777$2,844$2,112$1,549$1,125$251
27 years$3,598$2,677$1,961$1,418$1,014$211
28 years$3,432$2,522$1,823$1,299$915$177
29 years$3,278$2,380$1,697$1,191$826$149
30 years$3,135$2,247$1,580$1,093$747$125
31 years$3,001$2,124$1,473$1,004$675$105
32 years$2,875$2,010$1,375$923$611$88
33 years$2,758$1,904$1,283$849$553$74
34 years$2,648$1,804$1,199$781$500$62
35 years$2,544$1,711$1,121$719$453$52
36 years$2,446$1,624$1,049$662$411$44
37 years$2,354$1,543$982$610$372$37
38 years$2,266$1,466$919$562$337$31
39 years$2,184$1,394$861$518$306$26
40 years$2,105$1,326$807$478$277$22
41 years$2,031$1,263$757$441$252$19
42 years$1,961$1,202$710$407$228$16
43 years$1,894$1,146$666$376$207$13
44 years$1,830$1,092$625$347$188$11
45 years$1,769$1,041$587$320$171$9
46 years$1,711$993$552$296$155$8
47 years$1,656$948$518$273$141$7
48 years$1,603$905$487$253$128$6
49 years$1,552$864$458$234$116$5
50 years$1,504$826$430$216$106$4

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 $5,999 every year, while hoping to spend $50,935 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: 61/17/22 Blend
54$1,540,000$1,540,000$1,540,000$1,540,000
55$1,703,268$1,621,648$1,597,778$1,796,964
56$1,822,807$1,646,914$1,597,109$1,886,379
57$1,952,832$1,671,712$1,594,711$1,977,794
58$2,094,358$1,695,963$1,590,471$2,076,429
59$2,248,504$1,719,586$1,584,273$2,182,994
60$2,416,499$1,742,494$1,575,994$2,298,272
61$2,599,696$1,764,591$1,565,504$2,423,127
62$2,799,587$1,785,777$1,552,670$2,558,513
63$3,017,810$1,805,945$1,537,350$2,705,480
64$3,256,171$1,824,981$1,519,395$2,865,189
65$3,516,657$1,842,761$1,498,651$3,038,917
66$3,801,455$1,859,156$1,474,956$3,228,076
67$4,112,975$1,874,027$1,448,139$3,434,222
68$4,453,869$1,887,224$1,418,022$3,659,071
69$4,827,057$1,898,592$1,384,419$3,904,516
70$5,235,756$1,907,962$1,347,136$4,172,644
71$5,683,507$1,915,155$1,305,968$4,465,759
72$6,174,210$1,919,983$1,260,704$4,786,400
73$6,712,160$1,922,244$1,211,118$5,137,368
74$7,302,089$1,921,722$1,156,980$5,521,754
75$7,949,208$1,918,192$1,098,044$5,942,962
76$8,659,255$1,911,412$1,034,057$6,404,752
77$9,438,553$1,901,125$964,751$6,911,267
78$10,294,065$1,887,059$889,850$7,467,075
79$11,233,462$1,868,927$809,062$8,077,218
80$12,265,193$1,846,423$722,084$8,747,250
81$13,398,567$1,819,222$628,598$9,483,300
82$14,643,839$1,786,982$528,274$10,292,126
83$16,012,305$1,749,338$420,765$11,181,177
84$17,516,410$1,705,906$305,711$12,158,669
85$19,169,866$1,656,278$182,735$13,233,660
86$20,987,778$1,600,021$51,442$14,416,140
87$22,986,789$1,536,680$0$15,717,120
88$25,185,234$1,465,769$0$17,169,558
89$27,603,314$1,386,779$0$18,780,265
90$30,263,289$1,299,167$0$20,552,019
91$33,189,680$1,202,362$0$22,501,202
92$36,409,508$1,095,759$0$24,645,870
93$39,952,546$978,719$0$27,005,919
94$43,851,595$850,565$0$29,603,281
95$48,142,799$710,585$0$32,462,122
96$52,865,984$558,023$0$35,609,080
97$58,065,032$392,083$0$39,073,510
98$63,788,294$211,924$0$42,887,763
99$70,089,049$16,657$0$47,087,496
100$77,026,002$0$0$51,712,003