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%15.7%
1 years$133,778$132,586$131,424$130,289$129,181$126,161
2 years$66,227$64,993$63,798$62,639$61,515$58,489
3 years$43,713$42,474$41,282$40,133$39,028$36,091
4 years$32,458$31,223$30,042$28,914$27,835$25,010
5 years$25,707$24,479$23,314$22,209$21,160$18,454
6 years$21,207$19,989$18,841$17,760$16,743$14,160
7 years$17,995$16,787$15,657$14,602$13,616$11,156
8 years$15,586$14,389$13,279$12,249$11,296$8,958
9 years$13,714$12,528$11,437$10,434$9,513$7,295
10 years$12,217$11,043$9,971$8,994$8,106$6,005
11 years$10,994$9,831$8,778$7,827$6,971$4,985
12 years$9,974$8,824$7,790$6,866$6,041$4,166
13 years$9,113$7,974$6,960$6,061$5,268$3,501
14 years$8,375$7,248$6,254$5,381$4,618$2,955
15 years$7,736$6,622$5,646$4,798$4,066$2,503
16 years$7,177$6,075$5,119$4,297$3,593$2,127
17 years$6,685$5,595$4,658$3,860$3,186$1,812
18 years$6,248$5,170$4,252$3,479$2,833$1,547
19 years$5,857$4,791$3,893$3,144$2,525$1,323
20 years$5,506$4,452$3,573$2,847$2,255$1,133
21 years$5,189$4,147$3,286$2,584$2,018$972
22 years$4,900$3,871$3,029$2,349$1,809$834
23 years$4,638$3,621$2,797$2,140$1,624$717
24 years$4,397$3,392$2,586$1,951$1,460$617
25 years$4,177$3,184$2,395$1,782$1,314$531
26 years$3,973$2,992$2,222$1,630$1,183$457
27 years$3,785$2,816$2,063$1,492$1,067$394
28 years$3,611$2,653$1,918$1,367$963$340
29 years$3,449$2,503$1,785$1,253$869$293
30 years$3,298$2,364$1,662$1,150$785$253
31 years$3,157$2,235$1,550$1,056$710$218
32 years$3,025$2,115$1,446$971$642$188
33 years$2,901$2,003$1,350$893$581$162
34 years$2,785$1,898$1,261$821$526$140
35 years$2,676$1,800$1,179$756$477$121
36 years$2,573$1,709$1,103$696$432$104
37 years$2,476$1,623$1,033$642$391$90
38 years$2,384$1,542$967$591$355$78
39 years$2,297$1,467$906$545$322$67
40 years$2,215$1,395$849$503$292$58
41 years$2,137$1,328$796$464$265$50
42 years$2,062$1,265$747$428$240$43
43 years$1,992$1,205$701$395$218$38
44 years$1,925$1,149$658$365$198$32
45 years$1,861$1,095$618$337$180$28
46 years$1,800$1,045$580$311$163$24
47 years$1,742$997$545$288$148$21
48 years$1,686$952$512$266$135$18
49 years$1,633$909$481$246$122$16
50 years$1,582$868$453$227$111$14

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 $4,151 every year, while hoping to spend $43,601 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: 77/7/16 Blend
54$1,620,000$1,620,000$1,620,000$1,620,000
55$1,789,522$1,703,662$1,678,552$1,920,772
56$1,925,662$1,740,750$1,688,392$2,045,068
57$2,074,227$1,778,194$1,697,101$2,175,449
58$2,236,438$1,815,966$1,704,594$2,317,236
59$2,413,640$1,854,034$1,710,783$2,471,554
60$2,607,313$1,892,363$1,715,576$2,639,640
61$2,819,086$1,930,916$1,718,875$2,822,859
62$3,050,754$1,969,652$1,720,578$3,022,713
63$3,304,291$2,008,525$1,720,578$3,240,858
64$3,581,874$2,047,488$1,718,762$3,479,117
65$3,885,897$2,086,487$1,715,013$3,739,500
66$4,218,999$2,125,465$1,709,206$4,024,221
67$4,584,085$2,164,360$1,701,212$4,335,719
68$4,984,354$2,203,106$1,690,895$4,676,682
69$5,423,330$2,241,630$1,678,112$5,050,071
70$5,904,894$2,279,855$1,662,714$5,459,149
71$6,433,322$2,317,697$1,644,544$5,907,513
72$7,013,324$2,355,067$1,623,438$6,399,124
73$7,650,084$2,391,867$1,599,225$6,938,349
74$8,349,319$2,427,994$1,571,725$7,530,000
75$9,117,322$2,463,338$1,540,750$8,179,377
76$9,961,027$2,497,780$1,506,103$8,892,324
77$10,888,072$2,531,192$1,467,579$9,675,280
78$11,906,874$2,563,438$1,424,960$10,535,339
79$13,026,701$2,594,373$1,378,023$11,480,320
80$14,257,769$2,623,842$1,326,532$12,518,840
81$15,611,330$2,651,679$1,270,239$13,660,395
82$17,099,781$2,677,707$1,208,887$14,915,448
83$18,736,781$2,701,737$1,142,207$16,295,532
84$20,537,379$2,723,568$1,069,918$17,813,356
85$22,518,156$2,742,987$991,724$19,482,924
86$24,697,380$2,759,765$907,318$21,319,671
87$27,095,179$2,773,659$816,380$23,340,605
88$29,733,731$2,784,413$718,573$25,564,473
89$32,637,474$2,791,751$613,547$28,011,931
90$35,833,332$2,795,383$500,936$30,705,744
91$39,350,972$2,794,997$380,358$33,671,002
92$43,223,085$2,790,266$251,414$36,935,353
93$47,485,691$2,780,840$113,687$40,529,268
94$52,178,478$2,766,348$0$44,486,325
95$57,345,181$2,746,397$0$48,849,214
96$63,033,990$2,720,571$0$53,674,117
97$69,298,004$2,688,426$0$58,986,629
98$76,195,736$2,649,495$0$64,836,366
99$83,791,661$2,603,280$0$71,277,999
100$92,156,825$2,549,255$0$78,371,775