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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.6%
1 years$134,604$133,405$132,235$131,093$129,978$126,991
2 years$66,636$65,395$64,192$63,026$61,895$58,901
3 years$43,982$42,736$41,536$40,381$39,268$36,363
4 years$32,658$31,416$30,228$29,092$28,007$25,211
5 years$25,865$24,630$23,458$22,346$21,290$18,612
6 years$21,338$20,112$18,958$17,870$16,846$14,289
7 years$18,106$16,890$15,754$14,692$13,700$11,264
8 years$15,683$14,478$13,361$12,325$11,366$9,050
9 years$13,799$12,606$11,507$10,498$9,572$7,374
10 years$12,293$11,111$10,032$9,049$8,156$6,074
11 years$11,061$9,892$8,832$7,876$7,014$5,045
12 years$10,036$8,878$7,839$6,908$6,078$4,220
13 years$9,169$8,023$7,003$6,099$5,300$3,548
14 years$8,426$7,293$6,292$5,414$4,646$2,997
15 years$7,784$6,662$5,681$4,828$4,091$2,541
16 years$7,222$6,113$5,151$4,323$3,616$2,160
17 years$6,726$5,629$4,687$3,884$3,206$1,842
18 years$6,286$5,202$4,279$3,500$2,850$1,573
19 years$5,893$4,821$3,917$3,163$2,541$1,347
20 years$5,540$4,480$3,595$2,865$2,269$1,154
21 years$5,221$4,173$3,306$2,600$2,031$991
22 years$4,931$3,895$3,047$2,364$1,820$851
23 years$4,666$3,643$2,814$2,153$1,634$732
24 years$4,425$3,413$2,602$1,964$1,469$630
25 years$4,202$3,203$2,410$1,793$1,322$543
26 years$3,998$3,011$2,235$1,640$1,190$468
27 years$3,808$2,833$2,076$1,501$1,073$403
28 years$3,633$2,670$1,930$1,375$968$348
29 years$3,470$2,519$1,796$1,261$875$300
30 years$3,318$2,379$1,673$1,157$790$259
31 years$3,176$2,249$1,559$1,063$714$224
32 years$3,043$2,128$1,455$977$646$193
33 years$2,919$2,015$1,358$898$585$167
34 years$2,802$1,910$1,269$826$529$144
35 years$2,692$1,811$1,187$761$480$125
36 years$2,589$1,719$1,110$701$435$108
37 years$2,491$1,633$1,039$646$394$93
38 years$2,399$1,552$973$595$357$81
39 years$2,311$1,476$912$549$324$70
40 years$2,228$1,404$854$506$294$60
41 years$2,150$1,336$801$467$266$52
42 years$2,075$1,273$752$431$242$45
43 years$2,004$1,213$705$398$219$39
44 years$1,937$1,156$662$367$199$34
45 years$1,872$1,102$622$339$181$29
46 years$1,811$1,052$584$313$164$25
47 years$1,752$1,003$548$289$149$22
48 years$1,696$958$515$267$135$19
49 years$1,643$915$484$247$123$16
50 years$1,591$874$455$228$112$14

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 $4,232 every year, while hoping to spend $40,453 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: 24/49/27 Blend
54$1,630,000$1,630,000$1,630,000$1,630,000
55$1,800,625$1,714,235$1,688,970$1,828,411
56$1,941,247$1,755,191$1,702,509$1,893,160
57$2,094,857$1,796,798$1,715,146$1,958,777
58$2,262,737$1,839,045$1,726,807$2,028,228
59$2,446,297$1,881,920$1,737,417$2,101,857
60$2,647,093$1,925,407$1,746,893$2,180,047
61$2,866,835$1,969,491$1,755,153$2,263,217
62$3,107,407$2,014,151$1,762,106$2,351,830
63$3,370,885$2,059,367$1,767,658$2,446,400
64$3,659,553$2,105,113$1,771,713$2,547,489
65$3,975,927$2,151,364$1,774,165$2,655,721
66$4,322,779$2,198,088$1,774,907$2,771,784
67$4,703,162$2,245,253$1,773,825$2,896,435
68$5,120,436$2,292,822$1,770,800$3,030,513
69$5,578,305$2,340,755$1,765,707$3,174,940
70$6,080,848$2,389,008$1,758,414$3,330,736
71$6,632,557$2,437,532$1,748,783$3,499,027
72$7,238,381$2,486,275$1,736,671$3,681,054
73$7,903,773$2,535,179$1,721,926$3,878,188
74$8,634,738$2,584,182$1,704,390$4,091,940
75$9,437,891$2,633,218$1,683,898$4,323,981
76$10,320,522$2,682,211$1,660,274$4,576,151
77$11,290,660$2,731,085$1,633,338$4,850,483
78$12,357,152$2,779,752$1,602,900$5,149,221
79$13,529,744$2,828,123$1,568,759$5,474,838
80$14,819,173$2,876,096$1,530,708$5,830,066
81$16,237,270$2,923,566$1,488,528$6,217,919
82$17,797,069$2,970,418$1,441,991$6,641,720
83$19,512,930$3,016,529$1,390,858$7,105,139
84$21,400,678$3,061,767$1,334,880$7,612,223
85$23,477,744$3,105,991$1,273,796$8,167,438
86$25,763,338$3,149,049$1,207,333$8,775,710
87$28,278,626$3,190,779$1,135,205$9,442,473
88$31,046,926$3,231,008$1,057,115$10,173,725
89$34,093,935$3,269,550$972,751$10,976,078
90$37,447,967$3,306,208$881,788$11,856,829
91$41,140,217$3,340,770$783,886$12,824,026
92$45,205,063$3,373,012$678,690$13,886,545
93$49,680,382$3,402,692$565,829$15,054,179
94$54,607,913$3,429,555$444,916$16,337,725
95$60,033,646$3,453,329$315,546$17,749,097
96$66,008,258$3,473,723$177,298$19,301,429
97$72,587,594$3,490,429$29,730$21,009,210
98$79,833,186$3,503,117$0$22,888,418
99$87,812,841$3,511,440$0$24,993,476
100$96,601,276$3,515,026$0$27,318,545