Can I retire at age 55 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$135,430$134,223$133,046$131,898$130,776$129,249
2 years$67,044$65,796$64,586$63,412$62,274$60,737
3 years$44,252$42,998$41,791$40,629$39,509$38,010
4 years$32,858$31,608$30,413$29,271$28,178$26,728
5 years$26,024$24,781$23,602$22,483$21,421$20,024
6 years$21,469$20,236$19,074$17,980$16,950$15,608
7 years$18,217$16,994$15,850$14,782$13,784$12,499
8 years$15,779$14,567$13,442$12,400$11,436$10,206
9 years$13,884$12,683$11,578$10,562$9,630$8,456
10 years$12,368$11,180$10,094$9,105$8,206$7,085
11 years$11,129$9,953$8,887$7,924$7,057$5,990
12 years$10,098$8,933$7,887$6,950$6,116$5,101
13 years$9,225$8,073$7,046$6,136$5,333$4,369
14 years$8,478$7,338$6,331$5,447$4,675$3,761
15 years$7,831$6,703$5,716$4,858$4,116$3,250
16 years$7,266$6,150$5,182$4,350$3,638$2,818
17 years$6,767$5,664$4,716$3,908$3,225$2,451
18 years$6,325$5,234$4,305$3,522$2,868$2,137
19 years$5,929$4,851$3,941$3,182$2,556$1,867
20 years$5,574$4,507$3,617$2,882$2,283$1,634
21 years$5,253$4,199$3,327$2,616$2,043$1,433
22 years$4,961$3,919$3,066$2,378$1,832$1,258
23 years$4,695$3,666$2,831$2,166$1,644$1,106
24 years$4,452$3,434$2,618$1,976$1,478$973
25 years$4,228$3,223$2,425$1,804$1,330$857
26 years$4,022$3,029$2,249$1,650$1,198$755
27 years$3,832$2,851$2,088$1,510$1,080$666
28 years$3,655$2,686$1,941$1,383$974$588
29 years$3,491$2,534$1,807$1,269$880$519
30 years$3,338$2,393$1,683$1,164$795$458
31 years$3,196$2,262$1,569$1,069$719$405
32 years$3,062$2,141$1,464$983$650$358
33 years$2,937$2,027$1,367$904$588$317
34 years$2,819$1,921$1,277$831$533$280
35 years$2,709$1,822$1,194$765$483$248
36 years$2,605$1,730$1,117$705$437$219
37 years$2,506$1,643$1,045$650$396$194
38 years$2,413$1,561$979$599$359$172
39 years$2,325$1,485$917$552$326$152
40 years$2,242$1,412$860$509$295$135
41 years$2,163$1,345$806$470$268$119
42 years$2,088$1,281$756$434$243$106
43 years$2,017$1,220$710$400$221$94
44 years$1,949$1,163$666$370$200$83
45 years$1,884$1,109$625$341$182$74
46 years$1,822$1,058$587$315$165$65
47 years$1,763$1,010$552$291$150$58
48 years$1,707$964$519$269$136$51
49 years$1,653$920$487$249$124$45
50 years$1,601$879$458$230$112$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,640,000, adding $4,657 every year, while hoping to spend $34,644 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: 47/38/15 Blend
54$1,640,000$1,640,000$1,640,000$1,640,000
55$1,812,084$1,725,164$1,699,744$1,889,394
56$1,960,055$1,772,836$1,719,824$1,991,133
57$2,121,959$1,821,683$1,739,416$2,097,581
58$2,299,179$1,871,725$1,758,467$2,212,358
59$2,493,240$1,922,985$1,776,920$2,336,252
60$2,705,821$1,975,481$1,794,718$2,470,133
61$2,938,771$2,029,236$1,811,797$2,614,956
62$3,194,125$2,084,269$1,828,092$2,771,775
63$3,474,128$2,140,599$1,843,535$2,941,748
64$3,781,248$2,198,248$1,858,052$3,126,151
65$4,118,206$2,257,232$1,871,567$3,326,389
66$4,487,998$2,317,573$1,884,001$3,544,010
67$4,893,927$2,379,286$1,895,267$3,780,717
68$5,339,626$2,442,391$1,905,278$4,038,386
69$5,829,103$2,506,902$1,913,939$4,319,084
70$6,366,768$2,572,837$1,921,153$4,625,089
71$6,957,483$2,640,211$1,926,816$4,958,906
72$7,606,602$2,709,037$1,930,820$5,323,299
73$8,320,024$2,779,328$1,933,051$5,721,311
74$9,104,248$2,851,096$1,933,390$6,156,293
75$9,966,433$2,924,352$1,931,710$6,631,939
76$10,914,468$2,999,104$1,927,881$7,152,319
77$11,957,043$3,075,360$1,921,765$7,721,914
78$13,103,735$3,153,126$1,913,217$8,345,664
79$14,365,091$3,232,404$1,902,085$9,029,012
80$15,752,736$3,313,198$1,888,211$9,777,954
81$17,279,477$3,395,507$1,871,428$10,599,097
82$18,959,425$3,479,327$1,851,562$11,499,722
83$20,808,126$3,564,654$1,828,429$12,487,851
84$22,842,712$3,651,480$1,801,839$13,572,325
85$25,082,059$3,739,792$1,771,591$14,762,885
86$27,546,965$3,829,578$1,737,475$16,070,265
87$30,260,348$3,920,820$1,699,273$17,506,293
88$33,247,459$4,013,495$1,656,754$19,084,005
89$36,536,122$4,107,579$1,609,678$20,817,766
90$40,156,998$4,203,042$1,557,793$22,723,404
91$44,143,871$4,299,850$1,500,838$24,818,363
92$48,533,966$4,397,963$1,438,537$27,121,867
93$53,368,305$4,497,338$1,370,602$29,655,099
94$58,692,088$4,597,924$1,296,733$32,441,405
95$64,555,125$4,699,665$1,216,617$35,506,513
96$71,012,299$4,802,500$1,129,925$38,878,773
97$78,124,090$4,906,359$1,036,314$42,589,429
98$85,957,142$5,011,166$935,426$46,672,915
99$94,584,895$5,116,837$826,887$51,167,175
100$104,088,272$5,223,280$710,305$56,114,027