Can I retire at age 55 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$133,778$132,586$131,424$130,289$129,181$124,996
2 years$66,227$64,993$63,798$62,639$61,515$57,338
3 years$43,713$42,474$41,282$40,133$39,028$34,989
4 years$32,458$31,223$30,042$28,914$27,835$23,967
5 years$25,707$24,479$23,314$22,209$21,160$17,472
6 years$21,207$19,989$18,841$17,760$16,743$13,238
7 years$17,995$16,787$15,657$14,602$13,616$10,295
8 years$15,586$14,389$13,279$12,249$11,296$8,155
9 years$13,714$12,528$11,437$10,434$9,513$6,549
10 years$12,217$11,043$9,971$8,994$8,106$5,314
11 years$10,994$9,831$8,778$7,827$6,971$4,347
12 years$9,974$8,824$7,790$6,866$6,041$3,578
13 years$9,113$7,974$6,960$6,061$5,268$2,961
14 years$8,375$7,248$6,254$5,381$4,618$2,460
15 years$7,736$6,622$5,646$4,798$4,066$2,050
16 years$7,177$6,075$5,119$4,297$3,593$1,714
17 years$6,685$5,595$4,658$3,860$3,186$1,436
18 years$6,248$5,170$4,252$3,479$2,833$1,205
19 years$5,857$4,791$3,893$3,144$2,525$1,013
20 years$5,506$4,452$3,573$2,847$2,255$852
21 years$5,189$4,147$3,286$2,584$2,018$718
22 years$4,900$3,871$3,029$2,349$1,809$606
23 years$4,638$3,621$2,797$2,140$1,624$511
24 years$4,397$3,392$2,586$1,951$1,460$432
25 years$4,177$3,184$2,395$1,782$1,314$365
26 years$3,973$2,992$2,222$1,630$1,183$308
27 years$3,785$2,816$2,063$1,492$1,067$261
28 years$3,611$2,653$1,918$1,367$963$221
29 years$3,449$2,503$1,785$1,253$869$187
30 years$3,298$2,364$1,662$1,150$785$158
31 years$3,157$2,235$1,550$1,056$710$134
32 years$3,025$2,115$1,446$971$642$113
33 years$2,901$2,003$1,350$893$581$96
34 years$2,785$1,898$1,261$821$526$81
35 years$2,676$1,800$1,179$756$477$69
36 years$2,573$1,709$1,103$696$432$58
37 years$2,476$1,623$1,033$642$391$49
38 years$2,384$1,542$967$591$355$42
39 years$2,297$1,467$906$545$322$35
40 years$2,215$1,395$849$503$292$30
41 years$2,137$1,328$796$464$265$25
42 years$2,062$1,265$747$428$240$22
43 years$1,992$1,205$701$395$218$18
44 years$1,925$1,149$658$365$198$15
45 years$1,861$1,095$618$337$180$13
46 years$1,800$1,045$580$311$163$11
47 years$1,742$997$545$288$148$9
48 years$1,686$952$512$266$135$8
49 years$1,633$909$481$246$122$7
50 years$1,582$868$453$227$111$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,620,000, adding $3,790 every year, while hoping to spend $54,477 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: 53/35/12 Blend
54$1,620,000$1,620,000$1,620,000$1,620,000
55$1,789,149$1,703,289$1,678,179$1,878,167
56$1,913,680$1,728,787$1,676,435$1,964,700
57$2,049,086$1,753,709$1,672,807$2,052,623
58$2,196,420$1,777,969$1,667,174$2,147,025
59$2,356,840$1,801,474$1,659,409$2,248,533
60$2,531,619$1,824,127$1,649,380$2,357,839
61$2,722,158$1,845,824$1,636,949$2,475,704
62$2,930,001$1,866,451$1,621,969$2,602,973
63$3,156,843$1,885,890$1,604,287$2,740,572
64$3,404,556$1,904,013$1,583,745$2,889,528
65$3,675,195$1,920,684$1,560,175$3,050,971
66$3,971,025$1,935,758$1,533,401$3,226,149
67$4,294,540$1,949,081$1,503,241$3,416,440
68$4,648,486$1,960,488$1,469,502$3,623,363
69$5,035,885$1,969,806$1,431,984$3,848,594
70$5,460,067$1,976,848$1,390,477$4,093,985
71$5,924,696$1,981,416$1,344,760$4,361,575
72$6,433,810$1,983,300$1,294,605$4,653,619
73$6,991,855$1,982,278$1,239,770$4,972,600
74$7,603,727$1,978,112$1,180,005$5,321,261
75$8,274,819$1,970,551$1,115,047$5,702,627
76$9,011,071$1,959,329$1,044,622$6,120,036
77$9,819,025$1,944,161$968,442$6,577,169
78$10,705,889$1,924,749$886,208$7,078,088
79$11,679,601$1,900,773$797,607$7,627,275
80$12,748,905$1,871,895$702,312$8,229,672
81$13,923,435$1,837,760$599,981$8,890,733
82$15,213,803$1,797,987$490,257$9,616,473
83$16,631,698$1,752,176$372,768$10,413,526
84$18,190,001$1,699,902$247,126$11,289,211
85$19,902,899$1,640,715$112,922$12,251,599
86$21,786,025$1,574,140$0$13,309,594
87$23,856,600$1,499,674$0$14,476,894
88$26,133,598$1,416,783$0$15,776,132
89$28,637,924$1,324,904$0$17,204,835
90$31,392,611$1,223,443$0$18,776,238
91$34,423,034$1,111,769$0$20,504,930
92$37,757,155$989,217$0$22,406,998
93$41,425,780$855,083$0$24,500,175
94$45,462,852$708,625$0$26,804,015
95$49,905,772$549,057$0$29,340,072
96$54,795,750$375,550$0$32,132,111
97$60,178,193$187,229$0$35,206,330
98$66,103,133$0$0$38,591,612
99$72,625,701$0$0$42,326,280
100$79,806,641$0$0$46,517,498