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

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$135,430$134,223$133,046$131,898$130,776$126,539
2 years$67,044$65,796$64,586$63,412$62,274$58,045
3 years$44,252$42,998$41,791$40,629$39,509$35,421
4 years$32,858$31,608$30,413$29,271$28,178$24,262
5 years$26,024$24,781$23,602$22,483$21,421$17,687
6 years$21,469$20,236$19,074$17,980$16,950$13,402
7 years$18,217$16,994$15,850$14,782$13,784$10,422
8 years$15,779$14,567$13,442$12,400$11,436$8,256
9 years$13,884$12,683$11,578$10,562$9,630$6,630
10 years$12,368$11,180$10,094$9,105$8,206$5,380
11 years$11,129$9,953$8,887$7,924$7,057$4,401
12 years$10,098$8,933$7,887$6,950$6,116$3,623
13 years$9,225$8,073$7,046$6,136$5,333$2,997
14 years$8,478$7,338$6,331$5,447$4,675$2,490
15 years$7,831$6,703$5,716$4,858$4,116$2,076
16 years$7,266$6,150$5,182$4,350$3,638$1,735
17 years$6,767$5,664$4,716$3,908$3,225$1,453
18 years$6,325$5,234$4,305$3,522$2,868$1,220
19 years$5,929$4,851$3,941$3,182$2,556$1,025
20 years$5,574$4,507$3,617$2,882$2,283$863
21 years$5,253$4,199$3,327$2,616$2,043$727
22 years$4,961$3,919$3,066$2,378$1,832$613
23 years$4,695$3,666$2,831$2,166$1,644$518
24 years$4,452$3,434$2,618$1,976$1,478$437
25 years$4,228$3,223$2,425$1,804$1,330$369
26 years$4,022$3,029$2,249$1,650$1,198$312
27 years$3,832$2,851$2,088$1,510$1,080$264
28 years$3,655$2,686$1,941$1,383$974$223
29 years$3,491$2,534$1,807$1,269$880$189
30 years$3,338$2,393$1,683$1,164$795$160
31 years$3,196$2,262$1,569$1,069$719$135
32 years$3,062$2,141$1,464$983$650$115
33 years$2,937$2,027$1,367$904$588$97
34 years$2,819$1,921$1,277$831$533$82
35 years$2,709$1,822$1,194$765$483$70
36 years$2,605$1,730$1,117$705$437$59
37 years$2,506$1,643$1,045$650$396$50
38 years$2,413$1,561$979$599$359$42
39 years$2,325$1,485$917$552$326$36
40 years$2,242$1,412$860$509$295$30
41 years$2,163$1,345$806$470$268$26
42 years$2,088$1,281$756$434$243$22
43 years$2,017$1,220$710$400$221$18
44 years$1,949$1,163$666$370$200$16
45 years$1,884$1,109$625$341$182$13
46 years$1,822$1,058$587$315$165$11
47 years$1,763$1,010$552$291$150$10
48 years$1,707$964$519$269$136$8
49 years$1,653$920$487$249$124$7
50 years$1,601$879$458$230$112$6

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 $3,454 every year, while hoping to spend $35,873 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: 52/22/26 Blend
54$1,640,000$1,640,000$1,640,000$1,640,000
55$1,810,843$1,723,923$1,698,503$1,891,679
56$1,957,380$1,770,226$1,717,234$1,994,396
57$2,117,662$1,817,597$1,735,390$2,102,142
58$2,293,052$1,866,048$1,752,915$2,218,629
59$2,485,054$1,915,594$1,769,747$2,344,703
60$2,695,319$1,966,248$1,785,824$2,481,299
61$2,925,671$2,018,023$1,801,078$2,629,446
62$3,178,114$2,070,931$1,815,439$2,790,277
63$3,454,858$2,124,984$1,828,833$2,965,041
64$3,758,337$2,180,191$1,841,182$3,155,114
65$4,091,230$2,236,562$1,852,404$3,362,011
66$4,456,488$2,294,107$1,862,412$3,587,403
67$4,857,362$2,352,831$1,871,116$3,833,131
68$5,297,436$2,412,742$1,878,420$4,101,222
69$5,780,652$2,473,844$1,884,225$4,393,911
70$6,311,356$2,536,140$1,888,425$4,713,662
71$6,894,337$2,599,633$1,890,909$5,063,189
72$7,534,867$2,664,323$1,891,563$5,445,482
73$8,238,756$2,730,208$1,890,263$5,863,837
74$9,012,405$2,797,284$1,886,883$6,321,888
75$9,862,866$2,865,546$1,881,288$6,823,638
76$10,797,905$2,934,985$1,873,338$7,373,500
77$11,826,083$3,005,591$1,862,887$7,976,335
78$12,956,829$3,077,351$1,849,779$8,637,504
79$14,200,533$3,150,248$1,833,854$9,362,912
80$15,568,641$3,224,263$1,814,942$10,159,070
81$17,073,765$3,299,375$1,792,865$11,033,151
82$18,729,800$3,375,556$1,767,437$11,993,064
83$20,552,059$3,452,777$1,738,465$13,047,523
84$22,557,410$3,531,004$1,705,745$14,206,131
85$24,764,442$3,610,199$1,669,064$15,479,477
86$27,193,636$3,690,320$1,628,198$16,879,225
87$29,867,559$3,771,317$1,582,914$18,418,236
88$32,811,077$3,853,139$1,532,969$20,110,680
89$36,051,591$3,935,727$1,478,108$21,972,177
90$39,619,291$4,019,016$1,418,062$24,019,941
91$43,547,445$4,102,934$1,352,554$26,272,945
92$47,872,711$4,187,405$1,281,292$28,752,099
93$52,635,483$4,272,342$1,203,970$31,480,448
94$57,880,269$4,357,654$1,120,270$34,483,393
95$63,656,117$4,443,239$1,029,859$37,788,925
96$70,017,070$4,528,988$932,389$41,427,896
97$77,022,684$4,614,781$827,497$45,434,308
98$84,738,583$4,700,490$714,803$49,845,636
99$93,237,080$4,785,976$593,911$54,703,179
100$102,597,862$4,871,088$464,406$60,052,455