Can I retire at age 55 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$131,301$130,131$128,990$127,876$126,789$125,569
2 years$65,000$63,790$62,617$61,479$60,376$59,147
3 years$42,903$41,687$40,517$39,390$38,305$37,105
4 years$31,857$30,645$29,486$28,378$27,319$26,158
5 years$25,231$24,026$22,882$21,797$20,768$19,648
6 years$20,815$19,619$18,492$17,432$16,433$15,357
7 years$17,662$16,476$15,367$14,331$13,364$12,332
8 years$15,298$14,123$13,033$12,022$11,087$10,098
9 years$13,460$12,296$11,225$10,240$9,337$8,391
10 years$11,991$10,839$9,786$8,827$7,955$7,052
11 years$10,790$9,649$8,616$7,682$6,842$5,981
12 years$9,790$8,661$7,646$6,738$5,929$5,109
13 years$8,944$7,827$6,831$5,949$5,170$4,390
14 years$8,220$7,114$6,138$5,281$4,532$3,791
15 years$7,593$6,499$5,542$4,710$3,991$3,288
16 years$7,044$5,963$5,024$4,217$3,527$2,861
17 years$6,561$5,491$4,572$3,789$3,127$2,497
18 years$6,132$5,074$4,174$3,415$2,781$2,185
19 years$5,749$4,703$3,821$3,085$2,478$1,916
20 years$5,404$4,370$3,507$2,794$2,214$1,683
21 years$5,092$4,071$3,225$2,536$1,981$1,481
22 years$4,810$3,800$2,973$2,306$1,776$1,305
23 years$4,552$3,554$2,745$2,100$1,594$1,152
24 years$4,316$3,330$2,538$1,915$1,433$1,017
25 years$4,099$3,125$2,351$1,749$1,289$899
26 years$3,900$2,937$2,180$1,599$1,161$796
27 years$3,715$2,764$2,025$1,464$1,047$705
28 years$3,544$2,604$1,882$1,341$945$624
29 years$3,385$2,457$1,752$1,230$853$553
30 years$3,237$2,320$1,632$1,129$771$491
31 years$3,098$2,193$1,521$1,037$697$436
32 years$2,969$2,075$1,419$953$630$387
33 years$2,847$1,965$1,325$876$570$343
34 years$2,734$1,863$1,238$806$517$305
35 years$2,626$1,767$1,158$742$468$271
36 years$2,525$1,677$1,083$683$424$241
37 years$2,430$1,593$1,014$630$384$214
38 years$2,340$1,514$949$580$348$190
39 years$2,255$1,439$889$535$316$169
40 years$2,174$1,369$833$494$286$151
41 years$2,097$1,304$782$455$260$134
42 years$2,024$1,241$733$420$236$119
43 years$1,955$1,183$688$388$214$106
44 years$1,889$1,128$646$358$194$94
45 years$1,826$1,075$606$331$176$84
46 years$1,766$1,026$569$306$160$75
47 years$1,709$979$535$282$145$66
48 years$1,655$934$503$261$132$59
49 years$1,602$892$473$241$120$53
50 years$1,552$852$444$223$109$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,590,000, adding $3,359 every year, while hoping to spend $23,955 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: 75/7/18 Blend
54$1,590,000$1,590,000$1,590,000$1,590,000
55$1,755,645$1,671,375$1,646,730$1,879,813
56$1,909,233$1,727,784$1,676,407$2,018,905
57$2,077,684$1,786,155$1,706,276$2,168,041
58$2,262,488$1,846,557$1,736,317$2,330,878
59$2,465,289$1,909,066$1,766,511$2,508,773
60$2,687,894$1,973,755$1,796,835$2,703,223
61$2,932,296$2,040,706$1,827,265$2,915,876
62$3,200,689$2,110,000$1,857,778$3,148,548
63$3,495,492$2,181,722$1,888,346$3,403,239
64$3,819,366$2,255,961$1,918,940$3,682,150
65$4,175,247$2,332,809$1,949,530$3,987,708
66$4,566,367$2,412,361$1,980,083$4,322,584
67$4,996,286$2,494,716$2,010,565$4,689,724
68$5,468,927$2,579,977$2,040,939$5,092,371
69$5,988,613$2,668,251$2,071,166$5,534,096
70$6,560,105$2,759,649$2,101,204$6,018,837
71$7,188,650$2,854,286$2,131,009$6,550,930
72$7,880,028$2,952,282$2,160,533$7,135,152
73$8,640,608$3,053,761$2,189,728$7,776,767
74$9,477,407$3,158,852$2,218,541$8,481,575
75$10,398,156$3,267,689$2,246,916$9,255,966
76$11,411,375$3,380,413$2,274,794$10,106,979
77$12,526,448$3,497,166$2,302,113$11,042,371
78$13,753,720$3,618,101$2,328,808$12,070,689
79$15,104,584$3,743,373$2,354,808$13,201,351
80$16,591,599$3,873,145$2,380,041$14,444,732
81$18,228,598$4,007,586$2,404,429$15,812,267
82$20,030,829$4,146,871$2,427,890$17,316,552
83$22,015,088$4,291,183$2,450,340$18,971,471
84$24,199,888$4,440,711$2,471,686$20,792,318
85$26,605,623$4,595,653$2,491,835$22,795,948
86$29,254,770$4,756,213$2,510,685$25,000,934
87$32,172,094$4,922,605$2,528,130$27,427,741
88$35,384,886$5,095,051$2,544,060$30,098,920
89$38,923,216$5,273,780$2,558,358$33,039,320
90$42,820,221$5,459,033$2,570,900$36,276,323
91$47,112,417$5,651,058$2,581,559$39,840,104
92$51,840,039$5,850,116$2,590,196$43,763,912
93$57,047,426$6,056,475$2,596,672$48,084,386
94$62,783,438$6,270,417$2,600,834$52,841,901
95$69,101,914$6,492,232$2,602,527$58,080,949
96$76,062,183$6,722,226$2,601,586$63,850,556
97$83,729,624$6,960,713$2,597,837$70,204,749
98$92,176,280$7,208,022$2,591,100$77,203,063
99$101,481,542$7,464,496$2,581,182$84,911,104
100$111,732,894$7,730,491$2,567,886$93,401,166