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%12%
1 years$130,475$129,313$128,179$127,072$125,991$124,936
2 years$64,592$63,389$62,223$61,092$59,996$58,932
3 years$42,633$41,425$40,262$39,142$38,064$37,025
4 years$31,656$30,452$29,301$28,200$27,147$26,141
5 years$25,072$23,875$22,738$21,660$20,637$19,666
6 years$20,684$19,495$18,376$17,322$16,329$15,395
7 years$17,550$16,372$15,271$14,241$13,280$12,383
8 years$15,202$14,034$12,951$11,947$11,017$10,158
9 years$13,376$12,219$11,154$10,176$9,278$8,456
10 years$11,916$10,771$9,725$8,772$7,905$7,119
11 years$10,722$9,588$8,561$7,634$6,799$6,049
12 years$9,728$8,606$7,598$6,696$5,892$5,177
13 years$8,888$7,777$6,788$5,912$5,138$4,457
14 years$8,168$7,069$6,099$5,248$4,504$3,857
15 years$7,545$6,458$5,507$4,680$3,965$3,351
16 years$7,000$5,925$4,993$4,190$3,505$2,922
17 years$6,520$5,457$4,543$3,765$3,107$2,556
18 years$6,093$5,042$4,147$3,393$2,763$2,241
19 years$5,712$4,673$3,797$3,066$2,463$1,969
20 years$5,370$4,343$3,484$2,777$2,200$1,734
21 years$5,060$4,045$3,205$2,520$1,969$1,529
22 years$4,779$3,776$2,954$2,291$1,765$1,351
23 years$4,523$3,531$2,727$2,087$1,584$1,194
24 years$4,289$3,309$2,522$1,903$1,424$1,057
25 years$4,073$3,105$2,336$1,738$1,281$937
26 years$3,875$2,918$2,167$1,589$1,154$831
27 years$3,692$2,746$2,012$1,455$1,040$738
28 years$3,521$2,588$1,870$1,333$939$655
29 years$3,363$2,441$1,741$1,222$848$582
30 years$3,216$2,306$1,621$1,122$766$518
31 years$3,079$2,180$1,512$1,030$692$461
32 years$2,950$2,062$1,410$947$626$410
33 years$2,830$1,953$1,317$871$567$365
34 years$2,716$1,851$1,230$801$513$325
35 years$2,610$1,756$1,150$737$465$289
36 years$2,509$1,666$1,076$679$421$258
37 years$2,415$1,583$1,007$626$382$230
38 years$2,325$1,504$943$577$346$205
39 years$2,240$1,430$884$532$314$183
40 years$2,160$1,361$828$491$285$163
41 years$2,084$1,295$777$453$258$145
42 years$2,012$1,234$728$418$234$130
43 years$1,943$1,175$684$386$213$116
44 years$1,877$1,120$642$356$193$103
45 years$1,815$1,068$603$329$175$92
46 years$1,755$1,019$566$304$159$82
47 years$1,699$973$532$281$144$73
48 years$1,644$929$500$259$131$65
49 years$1,592$887$470$240$119$58
50 years$1,543$847$441$221$108$52

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 $6,877 every year, while hoping to spend $41,605 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: 49/44/7 Blend
54$1,580,000$1,580,000$1,580,000$1,580,000
55$1,748,254$1,664,514$1,640,024$1,830,418
56$1,882,308$1,701,807$1,650,697$1,924,585
57$2,028,642$1,739,534$1,660,334$2,021,816
58$2,188,463$1,777,671$1,668,855$2,126,441
59$2,363,102$1,816,193$1,676,177$2,239,163
60$2,554,025$1,855,072$1,682,215$2,360,752
61$2,762,842$1,894,278$1,686,876$2,492,059
62$2,991,331$1,933,777$1,690,066$2,634,020
63$3,241,446$1,973,531$1,691,682$2,787,668
64$3,515,340$2,013,501$1,691,620$2,954,137
65$3,815,385$2,053,642$1,689,769$3,134,681
66$4,144,190$2,093,907$1,686,013$3,330,678
67$4,504,632$2,134,243$1,680,229$3,543,649
68$4,899,878$2,174,594$1,672,290$3,775,269
69$5,333,416$2,214,900$1,662,062$4,027,384
70$5,809,088$2,255,093$1,649,404$4,302,027
71$6,331,126$2,295,103$1,634,170$4,601,441
72$6,904,191$2,334,854$1,616,205$4,928,097
73$7,533,419$2,374,262$1,595,348$5,284,716
74$8,224,465$2,413,238$1,571,430$5,674,302
75$8,983,561$2,451,687$1,544,274$6,100,161
76$9,817,571$2,489,507$1,513,694$6,565,939
77$10,734,057$2,526,587$1,479,497$7,075,655
78$11,741,351$2,562,809$1,441,479$7,633,740
79$12,848,629$2,598,048$1,399,430$8,245,074
80$14,066,005$2,632,167$1,353,126$8,915,041
81$15,404,617$2,665,023$1,302,335$9,649,572
82$16,876,740$2,696,461$1,246,815$10,455,207
83$18,495,896$2,726,317$1,186,312$11,339,153
84$20,276,985$2,754,414$1,120,561$12,309,355
85$22,236,422$2,780,564$1,049,284$13,374,570
86$24,392,293$2,804,568$972,192$14,544,453
87$26,764,528$2,826,213$888,981$15,829,644
88$29,375,084$2,845,271$799,336$17,241,873
89$32,248,154$2,861,502$702,926$18,794,068
90$35,410,397$2,874,647$599,405$20,500,481
91$38,891,187$2,884,433$488,414$22,376,820
92$42,722,888$2,890,570$369,576$24,440,403
93$46,941,164$2,892,750$242,498$26,710,315
94$51,585,311$2,890,643$106,770$29,207,594
95$56,698,629$2,883,901$0$31,955,431
96$62,328,832$2,872,156$0$34,982,231
97$68,528,495$2,855,013$0$38,322,020
98$75,355,550$2,832,057$0$41,997,905
99$82,873,835$2,802,846$0$46,044,154
100$91,153,693$2,766,913$0$50,498,535