Can I retire at age 55 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$127,998$126,857$125,745$124,659$123,599$119,214
2 years$63,365$62,185$61,041$59,932$58,857$54,485
3 years$41,824$40,639$39,498$38,399$37,341$33,121
4 years$31,055$29,874$28,744$27,664$26,632$22,595
5 years$24,596$23,421$22,307$21,249$20,245$16,403
6 years$20,291$19,125$18,027$16,993$16,019$12,374
7 years$17,217$16,061$14,981$13,971$13,028$9,579
8 years$14,913$13,768$12,705$11,720$10,808$7,552
9 years$13,122$11,987$10,943$9,983$9,102$6,035
10 years$11,690$10,566$9,540$8,605$7,755$4,873
11 years$10,519$9,406$8,399$7,489$6,670$3,965
12 years$9,543$8,443$7,454$6,569$5,780$3,247
13 years$8,719$7,630$6,659$5,799$5,040$2,672
14 years$8,013$6,935$5,984$5,148$4,418$2,207
15 years$7,402$6,335$5,402$4,591$3,890$1,829
16 years$6,867$5,813$4,898$4,111$3,438$1,520
17 years$6,396$5,353$4,457$3,694$3,048$1,266
18 years$5,978$4,947$4,069$3,329$2,711$1,056
19 years$5,604$4,584$3,725$3,008$2,416$883
20 years$5,268$4,260$3,418$2,724$2,158$738
21 years$4,964$3,968$3,144$2,472$1,931$618
22 years$4,689$3,704$2,898$2,248$1,731$518
23 years$4,437$3,464$2,676$2,047$1,554$435
24 years$4,207$3,246$2,475$1,867$1,397$365
25 years$3,996$3,046$2,292$1,705$1,257$306
26 years$3,801$2,863$2,126$1,559$1,132$257
27 years$3,621$2,694$1,974$1,427$1,021$216
28 years$3,455$2,539$1,835$1,308$921$182
29 years$3,300$2,395$1,708$1,199$832$153
30 years$3,155$2,262$1,591$1,100$751$128
31 years$3,020$2,138$1,483$1,011$679$108
32 years$2,894$2,023$1,383$929$615$91
33 years$2,776$1,916$1,292$854$556$76
34 years$2,665$1,816$1,207$786$504$64
35 years$2,560$1,722$1,128$723$456$54
36 years$2,462$1,635$1,056$666$413$45
37 years$2,369$1,553$988$614$374$38
38 years$2,281$1,476$925$566$340$32
39 years$2,198$1,403$867$522$308$27
40 years$2,119$1,335$813$481$279$23
41 years$2,044$1,271$762$444$253$19
42 years$1,973$1,210$715$410$230$16
43 years$1,906$1,153$671$378$209$14
44 years$1,842$1,099$629$349$189$11
45 years$1,780$1,048$591$323$172$10
46 years$1,722$1,000$555$298$156$8
47 years$1,666$954$522$275$142$7
48 years$1,613$911$490$254$129$6
49 years$1,562$870$461$235$117$5
50 years$1,513$831$433$217$106$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,550,000, adding $4,682 every year, while hoping to spend $34,797 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: 43/49/8 Blend
54$1,550,000$1,550,000$1,550,000$1,550,000
55$1,712,929$1,630,779$1,606,754$1,782,431
56$1,850,625$1,673,664$1,623,557$1,874,065
57$2,001,198$1,717,483$1,639,756$1,969,361
58$2,165,928$1,762,247$1,655,295$2,071,798
59$2,346,218$1,807,963$1,670,114$2,182,042
60$2,543,619$1,854,640$1,684,149$2,300,825
61$2,759,834$1,902,283$1,697,333$2,428,953
62$2,996,741$1,950,899$1,709,598$2,567,313
63$3,256,408$2,000,492$1,720,869$2,716,881
64$3,541,111$2,051,067$1,731,068$2,878,732
65$3,853,360$2,102,624$1,740,115$3,054,049
66$4,195,917$2,155,167$1,747,922$3,244,135
67$4,571,824$2,208,694$1,754,401$3,450,423
68$4,984,433$2,263,203$1,759,457$3,674,494
69$5,437,436$2,318,691$1,762,990$3,918,087
70$5,934,900$2,375,152$1,764,895$4,183,118
71$6,481,305$2,432,580$1,765,065$4,471,697
72$7,081,587$2,490,964$1,763,382$4,786,148
73$7,741,181$2,550,294$1,759,728$5,129,033
74$8,466,078$2,610,555$1,753,976$5,503,171
75$9,262,877$2,671,731$1,745,993$5,911,671
76$10,138,847$2,733,802$1,735,640$6,357,955
77$11,101,997$2,796,746$1,722,771$6,845,796
78$12,161,151$2,860,537$1,707,235$7,379,350
79$13,326,032$2,925,147$1,688,870$7,963,195
80$14,607,350$2,990,542$1,667,511$8,602,376
81$16,016,908$3,056,687$1,642,981$9,302,453
82$17,567,709$3,123,541$1,615,097$10,069,552
83$19,274,079$3,191,058$1,583,666$10,910,423
84$21,151,805$3,259,190$1,548,489$11,832,504
85$23,218,279$3,327,880$1,509,353$12,843,992
86$25,492,667$3,397,070$1,466,040$13,953,918
87$27,996,085$3,466,693$1,418,319$15,172,238
88$30,751,802$3,536,677$1,365,948$16,509,919
89$33,785,456$3,606,944$1,308,677$17,979,051
90$37,125,296$3,677,408$1,246,242$19,592,954
91$40,802,453$3,747,978$1,178,368$21,366,310
92$44,851,227$3,818,552$1,104,767$23,315,296
93$49,309,413$3,889,022$1,025,138$25,457,742
94$54,218,661$3,959,272$939,167$27,813,298
95$59,624,862$4,029,174$846,527$30,403,619
96$65,578,586$4,098,592$746,874$33,252,569
97$72,135,558$4,167,379$639,850$36,386,448
98$79,357,181$4,235,377$525,082$39,834,243
99$87,311,120$4,302,416$402,178$43,627,896
100$96,071,935$4,368,315$270,732$47,802,613