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%13.2%
1 years$135,430$134,223$133,046$131,898$130,776$129,035
2 years$67,044$65,796$64,586$63,412$62,274$60,523
3 years$44,252$42,998$41,791$40,629$39,509$37,802
4 years$32,858$31,608$30,413$29,271$28,178$26,529
5 years$26,024$24,781$23,602$22,483$21,421$19,833
6 years$21,469$20,236$19,074$17,980$16,950$15,426
7 years$18,217$16,994$15,850$14,782$13,784$12,325
8 years$15,779$14,567$13,442$12,400$11,436$10,041
9 years$13,884$12,683$11,578$10,562$9,630$8,300
10 years$12,368$11,180$10,094$9,105$8,206$6,938
11 years$11,129$9,953$8,887$7,924$7,057$5,851
12 years$10,098$8,933$7,887$6,950$6,116$4,969
13 years$9,225$8,073$7,046$6,136$5,333$4,246
14 years$8,478$7,338$6,331$5,447$4,675$3,645
15 years$7,831$6,703$5,716$4,858$4,116$3,141
16 years$7,266$6,150$5,182$4,350$3,638$2,716
17 years$6,767$5,664$4,716$3,908$3,225$2,356
18 years$6,325$5,234$4,305$3,522$2,868$2,048
19 years$5,929$4,851$3,941$3,182$2,556$1,784
20 years$5,574$4,507$3,617$2,882$2,283$1,557
21 years$5,253$4,199$3,327$2,616$2,043$1,361
22 years$4,961$3,919$3,066$2,378$1,832$1,191
23 years$4,695$3,666$2,831$2,166$1,644$1,044
24 years$4,452$3,434$2,618$1,976$1,478$916
25 years$4,228$3,223$2,425$1,804$1,330$804
26 years$4,022$3,029$2,249$1,650$1,198$706
27 years$3,832$2,851$2,088$1,510$1,080$621
28 years$3,655$2,686$1,941$1,383$974$546
29 years$3,491$2,534$1,807$1,269$880$481
30 years$3,338$2,393$1,683$1,164$795$423
31 years$3,196$2,262$1,569$1,069$719$373
32 years$3,062$2,141$1,464$983$650$328
33 years$2,937$2,027$1,367$904$588$290
34 years$2,819$1,921$1,277$831$533$255
35 years$2,709$1,822$1,194$765$483$225
36 years$2,605$1,730$1,117$705$437$199
37 years$2,506$1,643$1,045$650$396$175
38 years$2,413$1,561$979$599$359$155
39 years$2,325$1,485$917$552$326$136
40 years$2,242$1,412$860$509$295$120
41 years$2,163$1,345$806$470$268$106
42 years$2,088$1,281$756$434$243$94
43 years$2,017$1,220$710$400$221$83
44 years$1,949$1,163$666$370$200$73
45 years$1,884$1,109$625$341$182$65
46 years$1,822$1,058$587$315$165$57
47 years$1,763$1,010$552$291$150$50
48 years$1,707$964$519$269$136$44
49 years$1,653$920$487$249$124$39
50 years$1,601$879$458$230$112$35

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 $2,600 every year, while hoping to spend $29,899 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: 36/49/15 Blend
54$1,640,000$1,640,000$1,640,000$1,640,000
55$1,809,962$1,723,042$1,697,622$1,866,706
56$1,962,766$1,775,659$1,722,680$1,960,525
57$2,130,153$1,829,852$1,747,575$2,058,712
58$2,313,581$1,885,666$1,772,271$2,164,067
59$2,514,652$1,943,150$1,796,728$2,277,245
60$2,735,132$2,002,350$1,820,904$2,398,963
61$2,976,967$2,063,317$1,844,756$2,530,014
62$3,242,299$2,126,100$1,868,237$2,671,265
63$3,533,488$2,190,754$1,891,297$2,823,672
64$3,853,133$2,257,330$1,913,885$2,988,286
65$4,204,098$2,325,884$1,935,945$3,166,262
66$4,589,536$2,396,472$1,957,419$3,358,873
67$5,012,923$2,469,153$1,978,246$3,567,516
68$5,478,085$2,543,986$1,998,362$3,793,731
69$5,989,240$2,621,032$2,017,697$4,039,212
70$6,551,033$2,700,353$2,036,181$4,305,822
71$7,168,582$2,782,014$2,053,736$4,595,614
72$7,847,525$2,866,080$2,070,285$4,910,846
73$8,594,075$2,952,620$2,085,741$5,254,004
74$9,415,075$3,041,703$2,100,018$5,627,825
75$10,318,066$3,133,400$2,113,021$6,035,324
76$11,311,355$3,227,783$2,124,654$6,479,817
77$12,404,096$3,324,927$2,134,813$6,964,961
78$13,606,375$3,424,910$2,143,391$7,494,777
79$14,929,304$3,527,809$2,150,273$8,073,698
80$16,385,127$3,633,706$2,155,341$8,706,604
81$17,987,334$3,742,681$2,158,469$9,398,870
82$19,750,791$3,854,821$2,159,526$10,156,416
83$21,691,875$3,970,211$2,158,374$10,985,764
84$23,828,635$4,088,940$2,154,868$11,894,096
85$26,180,957$4,211,099$2,148,857$12,889,325
86$28,770,752$4,336,780$2,140,181$13,980,167
87$31,622,165$4,466,079$2,128,674$15,176,223
88$34,761,801$4,599,093$2,114,160$16,488,072
89$38,218,977$4,735,920$2,096,457$17,927,367
90$42,025,997$4,876,664$2,075,371$19,506,946
91$46,218,455$5,021,428$2,050,703$21,240,954
92$50,835,578$5,170,318$2,022,242$23,144,972
93$55,920,586$5,323,443$1,989,767$25,236,171
94$61,521,108$5,480,914$1,953,046$27,533,467
95$67,689,628$5,642,845$1,911,839$30,057,702
96$74,483,977$5,809,351$1,865,893$32,831,841
97$81,967,885$5,980,552$1,814,943$35,881,185
98$90,211,577$6,156,567$1,758,712$39,233,614
99$99,292,440$6,337,521$1,696,911$42,919,848
100$109,295,749$6,523,539$1,629,237$46,973,734