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%16.8%
1 years$135,430$134,223$133,046$131,898$130,776$127,150
2 years$67,044$65,796$64,586$63,412$62,274$58,649
3 years$44,252$42,998$41,791$40,629$39,509$35,997
4 years$32,858$31,608$30,413$29,271$28,178$24,807
5 years$26,024$24,781$23,602$22,483$21,421$18,199
6 years$21,469$20,236$19,074$17,980$16,950$13,880
7 years$18,217$16,994$15,850$14,782$13,784$10,868
8 years$15,779$14,567$13,442$12,400$11,436$8,670
9 years$13,884$12,683$11,578$10,562$9,630$7,014
10 years$12,368$11,180$10,094$9,105$8,206$5,734
11 years$11,129$9,953$8,887$7,924$7,057$4,727
12 years$10,098$8,933$7,887$6,950$6,116$3,922
13 years$9,225$8,073$7,046$6,136$5,333$3,272
14 years$8,478$7,338$6,331$5,447$4,675$2,741
15 years$7,831$6,703$5,716$4,858$4,116$2,304
16 years$7,266$6,150$5,182$4,350$3,638$1,942
17 years$6,767$5,664$4,716$3,908$3,225$1,642
18 years$6,325$5,234$4,305$3,522$2,868$1,390
19 years$5,929$4,851$3,941$3,182$2,556$1,179
20 years$5,574$4,507$3,617$2,882$2,283$1,002
21 years$5,253$4,199$3,327$2,616$2,043$852
22 years$4,961$3,919$3,066$2,378$1,832$725
23 years$4,695$3,666$2,831$2,166$1,644$618
24 years$4,452$3,434$2,618$1,976$1,478$527
25 years$4,228$3,223$2,425$1,804$1,330$449
26 years$4,022$3,029$2,249$1,650$1,198$384
27 years$3,832$2,851$2,088$1,510$1,080$328
28 years$3,655$2,686$1,941$1,383$974$280
29 years$3,491$2,534$1,807$1,269$880$239
30 years$3,338$2,393$1,683$1,164$795$204
31 years$3,196$2,262$1,569$1,069$719$175
32 years$3,062$2,141$1,464$983$650$149
33 years$2,937$2,027$1,367$904$588$128
34 years$2,819$1,921$1,277$831$533$109
35 years$2,709$1,822$1,194$765$483$94
36 years$2,605$1,730$1,117$705$437$80
37 years$2,506$1,643$1,045$650$396$68
38 years$2,413$1,561$979$599$359$59
39 years$2,325$1,485$917$552$326$50
40 years$2,242$1,412$860$509$295$43
41 years$2,163$1,345$806$470$268$37
42 years$2,088$1,281$756$434$243$31
43 years$2,017$1,220$710$400$221$27
44 years$1,949$1,163$666$370$200$23
45 years$1,884$1,109$625$341$182$20
46 years$1,822$1,058$587$315$165$17
47 years$1,763$1,010$552$291$150$14
48 years$1,707$964$519$269$136$12
49 years$1,653$920$487$249$124$11
50 years$1,601$879$458$230$112$9

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 $5,007 every year, while hoping to spend $46,773 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: 70/18/12 Blend
54$1,640,000$1,640,000$1,640,000$1,640,000
55$1,812,445$1,725,525$1,700,105$1,934,345
56$1,947,548$1,760,309$1,707,292$2,050,651
57$2,094,864$1,795,231$1,713,153$2,171,743
58$2,255,590$1,830,246$1,717,593$2,303,025
59$2,431,041$1,865,310$1,720,513$2,445,492
60$2,622,668$1,900,371$1,721,811$2,600,239
61$2,832,066$1,935,375$1,721,378$2,768,474
62$3,060,992$1,970,264$1,719,100$2,951,527
63$3,311,381$2,004,974$1,714,857$3,150,864
64$3,585,361$2,039,437$1,708,524$3,368,098
65$3,885,279$2,073,580$1,699,970$3,605,010
66$4,213,715$2,107,324$1,689,057$3,863,558
67$4,573,515$2,140,583$1,675,641$4,145,904
68$4,967,809$2,173,267$1,659,570$4,454,426
69$5,400,046$2,205,278$1,640,687$4,791,748
70$5,874,026$2,236,512$1,618,825$5,160,760
71$6,393,931$2,266,856$1,593,811$5,564,646
72$6,964,371$2,296,190$1,565,462$6,006,917
73$7,590,421$2,324,388$1,533,589$6,491,440
74$8,277,672$2,351,311$1,497,992$7,022,478
75$9,032,282$2,376,813$1,458,463$7,604,728
76$9,861,038$2,400,739$1,414,784$8,243,369
77$10,771,411$2,422,923$1,366,727$8,944,105
78$11,771,635$2,443,187$1,314,053$9,713,225
79$12,870,781$2,461,342$1,256,513$10,557,660
80$14,078,841$2,477,188$1,193,846$11,485,047
81$15,406,823$2,490,510$1,125,780$12,503,804
82$16,866,855$2,501,082$1,052,030$13,623,209
83$18,472,300$2,508,660$972,298$14,853,487
84$20,237,878$2,512,988$886,273$16,205,907
85$22,179,809$2,513,792$793,631$17,692,890
86$24,315,963$2,510,781$694,032$19,328,124
87$26,666,031$2,503,649$587,121$21,126,695
88$29,251,705$2,492,067$472,529$23,105,231
89$32,096,889$2,475,688$349,869$25,282,057
90$35,227,920$2,454,145$218,737$27,677,370
91$38,673,815$2,427,046$78,712$30,313,431
92$42,466,551$2,393,977$0$33,214,770
93$46,641,357$2,354,500$0$36,417,483
94$51,237,055$2,308,150$0$39,953,656
95$56,296,420$2,254,435$0$43,846,105
96$61,866,586$2,192,833$0$48,131,090
97$67,999,488$2,122,793$0$52,848,571
98$74,752,356$2,043,730$0$58,042,582
99$82,188,249$1,955,025$0$63,761,651
100$90,376,655$1,856,025$0$70,059,257