Can I retire at age 55 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$132,127$130,950$129,801$128,681$127,586$122,767
2 years$65,409$64,191$63,010$61,866$60,755$55,956
3 years$43,173$41,950$40,772$39,638$38,546$33,917
4 years$32,057$30,837$29,671$28,557$27,491$23,068
5 years$25,389$24,177$23,026$21,934$20,898$16,693
6 years$20,945$19,742$18,609$17,541$16,536$12,552
7 years$17,773$16,579$15,464$14,422$13,448$9,683
8 years$15,394$14,212$13,115$12,098$11,157$7,607
9 years$13,545$12,374$11,296$10,305$9,396$6,057
10 years$12,067$10,907$9,848$8,883$8,005$4,871
11 years$10,858$9,710$8,670$7,731$6,885$3,949
12 years$9,851$8,715$7,694$6,781$5,966$3,220
13 years$9,000$7,876$6,874$5,986$5,203$2,639
14 years$8,271$7,159$6,177$5,314$4,561$2,171
15 years$7,640$6,540$5,577$4,739$4,016$1,792
16 years$7,089$6,000$5,056$4,243$3,549$1,483
17 years$6,602$5,526$4,601$3,813$3,147$1,229
18 years$6,171$5,106$4,200$3,436$2,798$1,021
19 years$5,785$4,732$3,845$3,105$2,494$849
20 years$5,438$4,398$3,529$2,812$2,228$707
21 years$5,124$4,096$3,246$2,552$1,993$589
22 years$4,840$3,824$2,991$2,320$1,787$492
23 years$4,581$3,576$2,762$2,113$1,604$410
24 years$4,343$3,351$2,554$1,927$1,442$343
25 years$4,125$3,144$2,366$1,760$1,297$286
26 years$3,924$2,955$2,194$1,609$1,169$239
27 years$3,738$2,781$2,038$1,473$1,054$200
28 years$3,566$2,621$1,894$1,350$951$167
29 years$3,406$2,472$1,763$1,238$858$140
30 years$3,257$2,335$1,642$1,136$776$117
31 years$3,118$2,207$1,531$1,043$701$98
32 years$2,987$2,088$1,428$959$634$82
33 years$2,865$1,978$1,333$882$574$69
34 years$2,751$1,875$1,246$811$520$58
35 years$2,643$1,778$1,165$747$471$48
36 years$2,541$1,688$1,090$688$427$40
37 years$2,445$1,603$1,020$634$387$34
38 years$2,355$1,523$955$584$350$28
39 years$2,269$1,448$895$539$318$24
40 years$2,187$1,378$839$497$288$20
41 years$2,110$1,312$786$458$262$17
42 years$2,037$1,249$738$423$237$14
43 years$1,967$1,190$692$390$215$12
44 years$1,901$1,135$650$361$195$10
45 years$1,838$1,082$610$333$177$8
46 years$1,778$1,032$573$308$161$7
47 years$1,720$985$538$284$146$6
48 years$1,665$940$506$263$133$5
49 years$1,612$898$476$243$121$4
50 years$1,562$858$447$224$110$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,600,000, adding $4,655 every year, while hoping to spend $30,834 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: 65/13/22 Blend
54$1,600,000$1,600,000$1,600,000$1,600,000
55$1,768,002$1,683,202$1,658,402$1,872,644
56$1,915,531$1,732,871$1,681,151$1,993,275
57$2,077,074$1,783,942$1,703,629$2,121,147
58$2,254,029$1,836,448$1,725,794$2,260,185
59$2,447,934$1,890,428$1,747,602$2,411,487
60$2,660,483$1,945,919$1,769,006$2,576,261
61$2,893,542$2,002,958$1,789,958$2,755,837
62$3,149,167$2,061,586$1,810,404$2,951,681
63$3,429,620$2,121,842$1,830,291$3,165,408
64$3,737,395$2,183,767$1,849,560$3,398,796
65$4,075,239$2,247,401$1,868,150$3,653,805
66$4,446,177$2,312,788$1,885,997$3,932,592
67$4,853,542$2,379,969$1,903,032$4,237,534
68$5,301,004$2,448,988$1,919,185$4,571,253
69$5,792,608$2,519,890$1,934,379$4,936,632
70$6,332,809$2,592,719$1,948,536$5,336,852
71$6,926,515$2,667,522$1,961,571$5,775,416
72$7,579,133$2,744,345$1,973,398$6,256,184
73$8,296,622$2,823,234$1,983,923$6,783,408
74$9,085,543$2,904,238$1,993,050$7,361,774
75$9,953,128$2,987,406$2,000,677$7,996,445
76$10,907,344$3,072,785$2,006,696$8,693,111
77$11,956,968$3,160,427$2,010,996$9,458,040
78$13,111,671$3,250,381$2,013,457$10,298,140
79$14,382,110$3,342,698$2,013,957$11,221,022
80$15,780,025$3,437,430$2,012,364$12,235,073
81$17,318,352$3,534,628$2,008,542$13,349,536
82$19,011,344$3,634,345$2,002,348$14,574,596
83$20,874,706$3,736,633$1,993,632$15,921,476
84$22,925,744$3,841,546$1,982,237$17,402,541
85$25,183,526$3,949,137$1,967,997$19,031,421
86$27,669,060$4,059,460$1,950,740$20,823,134
87$30,405,499$4,172,568$1,930,284$22,794,229
88$33,418,351$4,288,516$1,906,441$24,962,942
89$36,735,727$4,407,357$1,879,010$27,349,370
90$40,388,599$4,529,145$1,847,785$29,975,661
91$44,411,098$4,653,935$1,812,547$32,866,220
92$48,840,831$4,781,779$1,773,069$36,047,941
93$53,719,241$4,912,731$1,729,112$39,550,463
94$59,091,994$5,046,845$1,680,427$43,406,445
95$65,009,409$5,184,172$1,626,753$47,651,882
96$71,526,936$5,324,764$1,567,817$52,326,436
97$78,705,678$5,468,672$1,503,333$57,473,818
98$86,612,965$5,615,945$1,433,003$63,142,196
99$95,322,995$5,766,633$1,356,516$69,384,652
100$104,917,526$5,920,784$1,273,544$76,259,685