Can I retire at age 55 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$136,255$135,042$133,858$132,702$131,573$131,019
2 years$67,453$66,197$64,979$63,799$62,654$62,094
3 years$44,522$43,260$42,046$40,877$39,750$39,203
4 years$33,059$31,801$30,599$29,449$28,350$27,819
5 years$26,183$24,932$23,746$22,620$21,551$21,038
6 years$21,600$20,359$19,190$18,089$17,053$16,558
7 years$18,328$17,098$15,947$14,872$13,869$13,392
8 years$15,875$14,656$13,524$12,476$11,505$11,048
9 years$13,968$12,761$11,649$10,627$9,689$9,250
10 years$12,444$11,248$10,156$9,160$8,256$7,835
11 years$11,197$10,013$8,941$7,972$7,100$6,698
12 years$10,159$8,987$7,935$6,993$6,153$5,768
13 years$9,281$8,122$7,089$6,174$5,365$4,999
14 years$8,530$7,383$6,370$5,480$4,703$4,354
15 years$7,879$6,744$5,751$4,887$4,141$3,808
16 years$7,310$6,188$5,214$4,376$3,660$3,343
17 years$6,809$5,699$4,745$3,932$3,245$2,944
18 years$6,363$5,266$4,331$3,543$2,885$2,600
19 years$5,966$4,880$3,965$3,202$2,572$2,301
20 years$5,608$4,535$3,639$2,900$2,297$2,041
21 years$5,285$4,224$3,347$2,632$2,056$1,813
22 years$4,991$3,943$3,085$2,393$1,843$1,613
23 years$4,724$3,688$2,848$2,179$1,654$1,437
24 years$4,479$3,455$2,634$1,988$1,487$1,282
25 years$4,254$3,243$2,440$1,815$1,338$1,145
26 years$4,047$3,048$2,263$1,660$1,205$1,024
27 years$3,855$2,868$2,101$1,519$1,086$916
28 years$3,677$2,703$1,953$1,392$980$820
29 years$3,512$2,550$1,818$1,276$885$734
30 years$3,359$2,408$1,693$1,171$800$658
31 years$3,215$2,276$1,578$1,076$723$590
32 years$3,081$2,154$1,473$989$654$530
33 years$2,955$2,040$1,375$909$592$476
34 years$2,837$1,933$1,285$837$536$427
35 years$2,725$1,834$1,201$770$485$384
36 years$2,621$1,740$1,124$709$440$345
37 years$2,522$1,653$1,052$653$399$310
38 years$2,428$1,571$985$602$361$278
39 years$2,340$1,494$923$555$328$250
40 years$2,256$1,421$865$512$297$225
41 years$2,176$1,353$811$473$270$203
42 years$2,101$1,288$761$436$245$182
43 years$2,029$1,228$714$403$222$164
44 years$1,960$1,170$670$372$202$148
45 years$1,895$1,116$629$343$183$133
46 years$1,833$1,064$591$317$166$120
47 years$1,774$1,016$555$293$151$108
48 years$1,717$970$522$271$137$97
49 years$1,663$926$490$250$124$87
50 years$1,611$885$461$231$113$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,650,000, adding $2,844 every year, while hoping to spend $20,667 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: 67/19/14 Blend
54$1,650,000$1,650,000$1,650,000$1,650,000
55$1,821,234$1,733,784$1,708,209$1,937,169
56$1,985,010$1,796,749$1,743,444$2,077,792
57$2,164,799$1,862,108$1,779,167$2,228,790
58$2,362,211$1,929,955$1,815,373$2,393,367
59$2,579,023$2,000,389$1,852,054$2,572,854
60$2,817,190$2,073,514$1,889,204$2,768,715
61$3,078,865$2,149,438$1,926,814$2,982,559
62$3,366,422$2,228,274$1,964,875$3,216,160
63$3,682,476$2,310,138$2,003,378$3,471,471
64$4,029,907$2,395,153$2,042,309$3,750,642
65$4,411,888$2,483,445$2,081,657$4,056,037
66$4,831,915$2,575,149$2,121,407$4,390,265
67$5,293,841$2,670,401$2,161,544$4,756,193
68$5,801,908$2,769,347$2,202,052$5,156,981
69$6,360,794$2,872,136$2,242,911$5,596,111
70$6,975,649$2,978,925$2,284,103$6,077,412
71$7,652,150$3,089,877$2,325,606$6,605,107
72$8,396,552$3,205,163$2,367,395$7,183,844
73$9,215,744$3,324,960$2,409,447$7,818,741
74$10,117,321$3,449,454$2,451,735$8,515,439
75$11,109,648$3,578,838$2,494,228$9,280,149
76$12,201,944$3,713,312$2,536,896$10,119,714
77$13,404,366$3,853,088$2,579,706$11,041,669
78$14,728,106$3,998,384$2,622,621$12,054,317
79$16,185,497$4,149,430$2,665,603$13,166,804
80$17,790,129$4,306,463$2,708,612$14,389,206
81$19,556,975$4,469,733$2,751,604$15,732,620
82$21,502,535$4,639,498$2,794,531$17,209,277
83$23,644,992$4,816,031$2,837,345$18,832,645
84$26,004,378$4,999,614$2,879,994$20,617,567
85$28,602,771$5,190,542$2,922,420$22,580,393
86$31,464,497$5,389,122$2,964,565$24,739,137
87$34,616,364$5,595,677$3,006,365$27,113,647
88$38,087,909$5,810,541$3,047,754$29,725,790
89$41,911,683$6,034,064$3,088,661$32,599,658
90$46,123,554$6,266,613$3,129,011$35,761,797
91$50,763,048$6,508,568$3,168,724$39,241,455
92$55,873,719$6,760,329$3,207,717$43,070,857
93$61,503,563$7,022,309$3,245,900$47,285,511
94$67,705,469$7,294,945$3,283,181$51,924,539
95$74,537,719$7,578,689$3,319,459$57,031,049
96$82,064,536$7,874,015$3,354,631$62,652,541
97$90,356,694$8,181,417$3,388,586$68,841,351
98$99,492,181$8,501,411$3,421,208$75,655,149
99$109,556,940$8,834,537$3,452,375$83,157,477
100$120,645,676$9,181,357$3,481,958$91,418,356