Can I retire at age 55 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$132,952$131,768$130,613$129,485$128,384$126,885
2 years$65,818$64,592$63,404$62,252$61,135$59,626
3 years$43,443$42,212$41,027$39,886$38,787$37,315
4 years$32,257$31,030$29,857$28,735$27,663$26,240
5 years$25,548$24,328$23,170$22,072$21,029$19,658
6 years$21,076$19,866$18,725$17,651$16,639$15,323
7 years$17,884$16,683$15,561$14,512$13,532$12,270
8 years$15,490$14,300$13,197$12,173$11,226$10,019
9 years$13,630$12,451$11,366$10,369$9,454$8,301
10 years$12,142$10,975$9,909$8,938$8,055$6,956
11 years$10,926$9,770$8,724$7,779$6,928$5,881
12 years$9,913$8,769$7,742$6,823$6,004$5,008
13 years$9,056$7,925$6,917$6,024$5,235$4,289
14 years$8,323$7,204$6,215$5,347$4,589$3,692
15 years$7,688$6,581$5,611$4,769$4,041$3,191
16 years$7,133$6,038$5,088$4,270$3,571$2,767
17 years$6,644$5,560$4,630$3,837$3,166$2,406
18 years$6,209$5,138$4,226$3,458$2,815$2,098
19 years$5,821$4,762$3,869$3,124$2,509$1,833
20 years$5,472$4,425$3,551$2,830$2,242$1,605
21 years$5,157$4,122$3,266$2,568$2,006$1,407
22 years$4,870$3,847$3,010$2,335$1,798$1,235
23 years$4,609$3,598$2,779$2,126$1,614$1,085
24 years$4,370$3,372$2,570$1,939$1,451$955
25 years$4,151$3,164$2,381$1,771$1,305$841
26 years$3,949$2,974$2,208$1,619$1,176$741
27 years$3,762$2,799$2,050$1,482$1,060$654
28 years$3,588$2,637$1,906$1,358$957$577
29 years$3,427$2,488$1,774$1,245$864$509
30 years$3,277$2,349$1,652$1,143$780$450
31 years$3,137$2,221$1,540$1,050$706$398
32 years$3,006$2,102$1,437$965$638$352
33 years$2,883$1,990$1,342$887$578$311
34 years$2,768$1,886$1,254$816$523$275
35 years$2,659$1,789$1,172$751$474$243
36 years$2,557$1,698$1,096$692$429$215
37 years$2,461$1,613$1,026$638$389$191
38 years$2,369$1,533$961$588$353$169
39 years$2,283$1,457$900$542$320$149
40 years$2,201$1,387$844$500$290$132
41 years$2,123$1,320$791$461$263$117
42 years$2,050$1,257$742$426$239$104
43 years$1,980$1,198$697$393$217$92
44 years$1,913$1,142$654$363$197$82
45 years$1,849$1,089$614$335$179$72
46 years$1,789$1,039$577$309$162$64
47 years$1,731$991$542$286$147$57
48 years$1,675$946$509$264$134$50
49 years$1,623$904$479$244$121$45
50 years$1,572$863$450$226$110$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,610,000, adding $4,144 every year, while hoping to spend $38,889 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: 30/47/23 Blend
54$1,610,000$1,610,000$1,610,000$1,610,000
55$1,778,495$1,693,165$1,668,210$1,819,031
56$1,918,523$1,734,752$1,682,717$1,892,077
57$2,071,532$1,777,074$1,696,407$1,966,861
58$2,238,803$1,820,125$1,709,211$2,046,513
59$2,421,748$1,863,899$1,721,058$2,131,477
60$2,621,924$1,908,387$1,731,870$2,222,247
61$2,841,042$1,953,580$1,741,570$2,319,365
62$3,080,988$1,999,465$1,750,072$2,423,429
63$3,343,838$2,046,029$1,757,289$2,535,096
64$3,631,880$2,093,254$1,763,129$2,655,094
65$3,947,632$2,141,124$1,767,493$2,784,222
66$4,293,867$2,189,616$1,770,281$2,923,364
67$4,673,641$2,238,706$1,771,385$3,073,492
68$5,090,318$2,288,369$1,770,693$3,235,678
69$5,547,606$2,338,574$1,768,086$3,411,107
70$6,049,586$2,389,289$1,763,441$3,601,081
71$6,600,756$2,440,476$1,756,629$3,807,039
72$7,206,070$2,492,097$1,747,513$4,030,566
73$7,870,986$2,544,105$1,735,951$4,273,412
74$8,601,514$2,596,454$1,721,793$4,537,504
75$9,404,278$2,649,091$1,704,883$4,824,970
76$10,286,575$2,701,956$1,685,057$5,138,153
77$11,256,443$2,754,989$1,662,143$5,479,640
78$12,322,737$2,808,120$1,635,962$5,852,282
79$13,495,214$2,861,277$1,606,325$6,259,224
80$14,784,624$2,914,377$1,573,035$6,703,933
81$16,202,811$2,967,336$1,535,886$7,190,233
82$17,762,822$3,020,060$1,494,663$7,722,342
83$19,479,035$3,072,448$1,449,139$8,304,909
84$21,367,290$3,124,392$1,399,079$8,943,061
85$23,445,041$3,175,775$1,344,236$9,642,453
86$25,731,520$3,226,472$1,284,352$10,409,320
87$28,247,914$3,276,348$1,219,157$11,250,536
88$31,017,571$3,325,260$1,148,368$12,173,681
89$34,066,217$3,373,051$1,071,692$13,187,116
90$37,422,197$3,419,557$988,821$14,300,055
91$41,116,747$3,464,601$899,431$15,522,662
92$45,184,281$3,507,992$803,188$16,866,142
93$49,662,723$3,549,529$699,740$18,342,848
94$54,593,860$3,588,995$588,721$19,966,401
95$60,023,737$3,626,159$469,747$21,751,821
96$66,003,093$3,660,776$342,418$23,715,664
97$72,587,836$3,692,582$206,317$25,876,186
98$79,839,575$3,721,298$61,008$28,253,513
99$87,826,197$3,746,626$0$30,869,835
100$96,622,507$3,768,249$0$33,772,696