Can I retire at age 55 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$130,475$129,313$128,179$127,072$125,991$125,093
2 years$64,592$63,389$62,223$61,092$59,996$59,090
3 years$42,633$41,425$40,262$39,142$38,064$37,178
4 years$31,656$30,452$29,301$28,200$27,147$26,289
5 years$25,072$23,875$22,738$21,660$20,637$19,809
6 years$20,684$19,495$18,376$17,322$16,329$15,532
7 years$17,550$16,372$15,271$14,241$13,280$12,514
8 years$15,202$14,034$12,951$11,947$11,017$10,282
9 years$13,376$12,219$11,154$10,176$9,278$8,574
10 years$11,916$10,771$9,725$8,772$7,905$7,232
11 years$10,722$9,588$8,561$7,634$6,799$6,156
12 years$9,728$8,606$7,598$6,696$5,892$5,279
13 years$8,888$7,777$6,788$5,912$5,138$4,554
14 years$8,168$7,069$6,099$5,248$4,504$3,948
15 years$7,545$6,458$5,507$4,680$3,965$3,437
16 years$7,000$5,925$4,993$4,190$3,505$3,004
17 years$6,520$5,457$4,543$3,765$3,107$2,632
18 years$6,093$5,042$4,147$3,393$2,763$2,313
19 years$5,712$4,673$3,797$3,066$2,463$2,037
20 years$5,370$4,343$3,484$2,777$2,200$1,797
21 years$5,060$4,045$3,205$2,520$1,969$1,589
22 years$4,779$3,776$2,954$2,291$1,765$1,406
23 years$4,523$3,531$2,727$2,087$1,584$1,246
24 years$4,289$3,309$2,522$1,903$1,424$1,106
25 years$4,073$3,105$2,336$1,738$1,281$982
26 years$3,875$2,918$2,167$1,589$1,154$873
27 years$3,692$2,746$2,012$1,455$1,040$777
28 years$3,521$2,588$1,870$1,333$939$692
29 years$3,363$2,441$1,741$1,222$848$616
30 years$3,216$2,306$1,621$1,122$766$549
31 years$3,079$2,180$1,512$1,030$692$490
32 years$2,950$2,062$1,410$947$626$437
33 years$2,830$1,953$1,317$871$567$390
34 years$2,716$1,851$1,230$801$513$348
35 years$2,610$1,756$1,150$737$465$311
36 years$2,509$1,666$1,076$679$421$278
37 years$2,415$1,583$1,007$626$382$248
38 years$2,325$1,504$943$577$346$222
39 years$2,240$1,430$884$532$314$198
40 years$2,160$1,361$828$491$285$177
41 years$2,084$1,295$777$453$258$158
42 years$2,012$1,234$728$418$234$142
43 years$1,943$1,175$684$386$213$127
44 years$1,877$1,120$642$356$193$113
45 years$1,815$1,068$603$329$175$101
46 years$1,755$1,019$566$304$159$91
47 years$1,699$973$532$281$144$81
48 years$1,644$929$500$259$131$73
49 years$1,592$887$470$240$119$65
50 years$1,543$847$441$221$108$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,580,000, adding $4,021 every year, while hoping to spend $33,868 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: 80/12/8 Blend
54$1,580,000$1,580,000$1,580,000$1,580,000
55$1,745,308$1,661,568$1,637,078$1,882,801
56$1,887,294$1,706,949$1,655,884$2,018,866
57$2,042,627$1,753,419$1,674,186$2,163,274
58$2,212,634$1,800,996$1,691,930$2,320,713
59$2,398,774$1,849,695$1,709,061$2,492,469
60$2,602,654$1,899,536$1,725,520$2,679,957
61$2,826,045$1,950,533$1,741,245$2,884,734
62$3,070,896$2,002,704$1,756,171$3,108,516
63$3,339,355$2,056,064$1,770,230$3,353,192
64$3,633,786$2,110,628$1,783,350$3,620,843
65$3,956,794$2,166,411$1,795,454$3,913,761
66$4,311,249$2,223,427$1,806,464$4,234,471
67$4,700,310$2,281,688$1,816,294$4,585,753
68$5,127,459$2,341,208$1,824,857$4,970,672
69$5,596,530$2,401,998$1,832,060$5,392,601
70$6,111,748$2,464,067$1,837,806$5,855,259
71$6,677,765$2,527,426$1,841,991$6,362,739
72$7,299,709$2,592,081$1,844,510$6,919,555
73$7,983,226$2,658,040$1,845,248$7,530,676
74$8,734,540$2,725,309$1,844,088$8,201,579
75$9,560,503$2,793,889$1,840,905$8,938,297
76$10,468,668$2,863,784$1,835,570$9,747,477
77$11,467,356$2,934,993$1,827,945$10,636,444
78$12,565,733$3,007,514$1,817,887$11,613,267
79$13,773,898$3,081,342$1,805,247$12,686,836
80$15,102,980$3,156,472$1,789,867$13,866,949
81$16,565,238$3,232,894$1,771,582$15,164,400
82$18,174,182$3,310,596$1,750,220$16,591,082
83$19,944,696$3,389,562$1,725,600$18,160,101
84$21,893,180$3,469,776$1,697,532$19,885,898
85$24,037,705$3,551,215$1,665,820$21,784,384
86$26,398,180$3,633,854$1,630,254$23,873,093
87$28,996,546$3,717,665$1,590,620$26,171,345
88$31,856,977$3,802,613$1,546,688$28,700,429
89$35,006,109$3,888,661$1,498,222$31,483,805
90$38,473,294$3,975,767$1,444,974$34,547,322
91$42,290,873$4,063,883$1,386,684$37,919,466
92$46,494,484$4,152,956$1,323,081$41,631,626
93$51,123,397$4,242,926$1,253,879$45,718,392
94$56,220,883$4,333,729$1,178,784$50,217,880
95$61,834,624$4,425,292$1,097,484$55,172,090
96$68,017,161$4,517,538$1,009,655$60,627,309
97$74,826,393$4,610,378$914,960$66,634,539
98$82,326,118$4,703,720$813,044$73,249,985
99$90,586,639$4,797,459$703,538$80,535,583
100$99,685,426$4,891,484$586,056$88,559,584