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%12.7%
1 years$132,952$131,768$130,613$129,485$128,384$126,937
2 years$65,818$64,592$63,404$62,252$61,135$59,679
3 years$43,443$42,212$41,027$39,886$38,787$37,366
4 years$32,257$31,030$29,857$28,735$27,663$26,289
5 years$25,548$24,328$23,170$22,072$21,029$19,705
6 years$21,076$19,866$18,725$17,651$16,639$15,368
7 years$17,884$16,683$15,561$14,512$13,532$12,313
8 years$15,490$14,300$13,197$12,173$11,226$10,060
9 years$13,630$12,451$11,366$10,369$9,454$8,340
10 years$12,142$10,975$9,909$8,938$8,055$6,992
11 years$10,926$9,770$8,724$7,779$6,928$5,915
12 years$9,913$8,769$7,742$6,823$6,004$5,040
13 years$9,056$7,925$6,917$6,024$5,235$4,320
14 years$8,323$7,204$6,215$5,347$4,589$3,721
15 years$7,688$6,581$5,611$4,769$4,041$3,218
16 years$7,133$6,038$5,088$4,270$3,571$2,792
17 years$6,644$5,560$4,630$3,837$3,166$2,430
18 years$6,209$5,138$4,226$3,458$2,815$2,120
19 years$5,821$4,762$3,869$3,124$2,509$1,854
20 years$5,472$4,425$3,551$2,830$2,242$1,624
21 years$5,157$4,122$3,266$2,568$2,006$1,425
22 years$4,870$3,847$3,010$2,335$1,798$1,252
23 years$4,609$3,598$2,779$2,126$1,614$1,101
24 years$4,370$3,372$2,570$1,939$1,451$970
25 years$4,151$3,164$2,381$1,771$1,305$855
26 years$3,949$2,974$2,208$1,619$1,176$754
27 years$3,762$2,799$2,050$1,482$1,060$665
28 years$3,588$2,637$1,906$1,358$957$588
29 years$3,427$2,488$1,774$1,245$864$519
30 years$3,277$2,349$1,652$1,143$780$459
31 years$3,137$2,221$1,540$1,050$706$406
32 years$3,006$2,102$1,437$965$638$359
33 years$2,883$1,990$1,342$887$578$318
34 years$2,768$1,886$1,254$816$523$282
35 years$2,659$1,789$1,172$751$474$249
36 years$2,557$1,698$1,096$692$429$221
37 years$2,461$1,613$1,026$638$389$196
38 years$2,369$1,533$961$588$353$173
39 years$2,283$1,457$900$542$320$154
40 years$2,201$1,387$844$500$290$136
41 years$2,123$1,320$791$461$263$121
42 years$2,050$1,257$742$426$239$107
43 years$1,980$1,198$697$393$217$95
44 years$1,913$1,142$654$363$197$84
45 years$1,849$1,089$614$335$179$75
46 years$1,789$1,039$577$309$162$66
47 years$1,731$991$542$286$147$59
48 years$1,675$946$509$264$134$52
49 years$1,623$904$479$244$121$46
50 years$1,572$863$450$226$110$41

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 $5,580 every year, while hoping to spend $47,565 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: 35/49/16 Blend
54$1,610,000$1,610,000$1,610,000$1,610,000
55$1,779,976$1,694,646$1,669,691$1,833,327
56$1,910,925$1,727,075$1,675,017$1,905,051
57$2,053,636$1,759,498$1,678,927$1,977,511
58$2,209,259$1,791,866$1,681,323$2,054,676
59$2,379,060$1,824,124$1,682,104$2,136,989
60$2,564,431$1,856,213$1,681,161$2,224,938
61$2,766,905$1,888,070$1,678,382$2,319,065
62$2,988,170$1,919,626$1,673,649$2,419,965
63$3,230,084$1,950,808$1,666,836$2,528,298
64$3,494,692$1,981,537$1,657,815$2,644,789
65$3,784,247$2,011,728$1,646,448$2,770,243
66$4,101,229$2,041,292$1,632,593$2,905,545
67$4,448,370$2,070,131$1,616,100$3,051,674
68$4,828,676$2,098,140$1,596,812$3,209,712
69$5,245,461$2,125,209$1,574,566$3,380,851
70$5,702,372$2,151,218$1,549,188$3,566,410
71$6,203,427$2,176,041$1,520,498$3,767,842
72$6,753,051$2,199,541$1,488,310$3,986,754
73$7,356,119$2,221,575$1,452,424$4,224,919
74$8,017,998$2,241,987$1,412,636$4,484,294
75$8,744,603$2,260,614$1,368,728$4,767,041
76$9,542,448$2,277,280$1,320,476$5,075,544
77$10,418,709$2,291,797$1,267,643$5,412,437
78$11,381,291$2,303,969$1,209,983$5,780,625
79$12,438,902$2,313,583$1,147,237$6,183,317
80$13,601,136$2,320,415$1,079,135$6,624,052
81$14,878,562$2,324,225$1,005,397$7,106,739
82$16,282,824$2,324,761$925,726$7,635,690
83$17,826,751$2,321,753$839,816$8,215,662
84$19,524,475$2,314,914$747,345$8,851,908
85$21,391,567$2,303,941$647,978$9,550,221
86$23,445,184$2,288,511$541,362$10,316,995
87$25,704,229$2,268,284$427,133$11,159,285
88$28,189,526$2,242,896$304,908$12,084,875
89$30,924,022$2,211,962$174,288$13,102,351
90$33,933,001$2,175,077$34,855$14,221,186
91$37,244,320$2,131,809$0$15,451,834
92$40,888,673$2,081,700$0$16,825,274
93$44,899,881$2,024,267$0$18,342,388
94$49,315,211$1,958,997$0$20,011,327
95$54,175,723$1,885,349$0$21,847,651
96$59,526,664$1,802,748$0$23,868,516
97$65,417,889$1,710,588$0$26,092,837
98$71,904,333$1,608,226$0$28,541,474
99$79,046,530$1,494,985$0$31,237,424
100$86,911,182$1,370,144$0$34,206,044