Can I retire at age 55 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$134,604$133,405$132,235$131,093$129,978$127,302
2 years$66,636$65,395$64,192$63,026$61,895$59,210
3 years$43,982$42,736$41,536$40,381$39,268$36,660
4 years$32,658$31,416$30,228$29,092$28,007$25,494
5 years$25,865$24,630$23,458$22,346$21,290$18,881
6 years$21,338$20,112$18,958$17,870$16,846$14,543
7 years$18,106$16,890$15,754$14,692$13,700$11,503
8 years$15,683$14,478$13,361$12,325$11,366$9,274
9 years$13,799$12,606$11,507$10,498$9,572$7,584
10 years$12,293$11,111$10,032$9,049$8,156$6,270
11 years$11,061$9,892$8,832$7,876$7,014$5,228
12 years$10,036$8,878$7,839$6,908$6,078$4,389
13 years$9,169$8,023$7,003$6,099$5,300$3,706
14 years$8,426$7,293$6,292$5,414$4,646$3,143
15 years$7,784$6,662$5,681$4,828$4,091$2,676
16 years$7,222$6,113$5,151$4,323$3,616$2,285
17 years$6,726$5,629$4,687$3,884$3,206$1,956
18 years$6,286$5,202$4,279$3,500$2,850$1,679
19 years$5,893$4,821$3,917$3,163$2,541$1,443
20 years$5,540$4,480$3,595$2,865$2,269$1,243
21 years$5,221$4,173$3,306$2,600$2,031$1,071
22 years$4,931$3,895$3,047$2,364$1,820$925
23 years$4,666$3,643$2,814$2,153$1,634$799
24 years$4,425$3,413$2,602$1,964$1,469$691
25 years$4,202$3,203$2,410$1,793$1,322$598
26 years$3,998$3,011$2,235$1,640$1,190$518
27 years$3,808$2,833$2,076$1,501$1,073$449
28 years$3,633$2,670$1,930$1,375$968$389
29 years$3,470$2,519$1,796$1,261$875$338
30 years$3,318$2,379$1,673$1,157$790$293
31 years$3,176$2,249$1,559$1,063$714$254
32 years$3,043$2,128$1,455$977$646$221
33 years$2,919$2,015$1,358$898$585$192
34 years$2,802$1,910$1,269$826$529$166
35 years$2,692$1,811$1,187$761$480$144
36 years$2,589$1,719$1,110$701$435$126
37 years$2,491$1,633$1,039$646$394$109
38 years$2,399$1,552$973$595$357$95
39 years$2,311$1,476$912$549$324$82
40 years$2,228$1,404$854$506$294$72
41 years$2,150$1,336$801$467$266$62
42 years$2,075$1,273$752$431$242$54
43 years$2,004$1,213$705$398$219$47
44 years$1,937$1,156$662$367$199$41
45 years$1,872$1,102$622$339$181$36
46 years$1,811$1,052$584$313$164$31
47 years$1,752$1,003$548$289$149$27
48 years$1,696$958$515$267$135$23
49 years$1,643$915$484$247$123$20
50 years$1,591$874$455$228$112$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,630,000, adding $4,006 every year, while hoping to spend $47,738 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: 82/5/13 Blend
54$1,630,000$1,630,000$1,630,000$1,630,000
55$1,800,392$1,714,002$1,688,737$1,943,322
56$1,933,239$1,747,195$1,694,517$2,070,854
57$2,078,037$1,780,415$1,698,891$2,204,173
58$2,235,953$1,813,612$1,701,760$2,349,149
59$2,408,275$1,846,734$1,703,024$2,506,927
60$2,596,418$1,879,722$1,702,573$2,678,768
61$2,801,939$1,912,516$1,700,297$2,866,064
62$3,026,556$1,945,048$1,696,075$3,070,345
63$3,272,156$1,977,247$1,689,785$3,293,297
64$3,540,820$2,009,035$1,681,297$3,536,779
65$3,834,837$2,040,331$1,670,473$3,802,837
66$4,156,728$2,071,045$1,657,172$4,093,726
67$4,509,270$2,101,083$1,641,244$4,411,930
68$4,895,522$2,130,342$1,622,531$4,760,186
69$5,318,849$2,158,713$1,600,871$5,141,510
70$5,782,962$2,186,080$1,576,090$5,559,223
71$6,291,944$2,212,318$1,548,009$6,016,986
72$6,850,295$2,237,294$1,516,439$6,518,833
73$7,462,969$2,260,865$1,481,184$7,069,208
74$8,135,426$2,282,881$1,442,037$7,673,006
75$8,873,676$2,303,180$1,398,783$8,335,626
76$9,684,344$2,321,589$1,351,195$9,063,010
77$10,574,726$2,337,925$1,299,039$9,861,713
78$11,552,857$2,351,992$1,242,066$10,738,952
79$12,627,592$2,363,584$1,180,019$11,702,684
80$13,808,685$2,372,478$1,112,628$12,761,675
81$15,106,882$2,378,440$1,039,612$13,925,584
82$16,534,021$2,381,220$960,675$15,205,058
83$18,103,144$2,380,553$875,511$16,611,827
84$19,828,621$2,376,157$783,797$18,158,819
85$21,726,284$2,367,732$685,198$19,860,279
86$23,813,576$2,354,962$579,363$21,731,906
87$26,109,714$2,337,509$465,926$23,790,999
88$28,635,874$2,315,016$344,503$26,056,624
89$31,415,386$2,287,105$214,697$28,549,788
90$34,473,956$2,253,373$76,090$31,293,645
91$37,839,907$2,213,396$0$34,313,708
92$41,544,448$2,166,723$0$37,648,058
93$45,621,965$2,112,876$0$41,329,627
94$50,110,349$2,051,350$0$45,382,061
95$55,051,348$1,981,610$0$49,843,060
96$60,490,967$1,903,089$0$54,754,163
97$66,479,894$1,815,190$0$60,161,144
98$73,073,986$1,717,276$0$66,114,443
99$80,334,789$1,608,679$0$72,669,641
100$88,330,123$1,488,690$0$79,887,984