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%18.2%
1 years$136,255$135,042$133,858$132,702$131,573$127,209
2 years$67,453$66,197$64,979$63,799$62,654$58,299
3 years$44,522$43,260$42,046$40,877$39,750$35,542
4 years$33,059$31,801$30,599$29,449$28,350$24,320
5 years$26,183$24,932$23,746$22,620$21,551$17,711
6 years$21,600$20,359$19,190$18,089$17,053$13,405
7 years$18,328$17,098$15,947$14,872$13,869$10,413
8 years$15,875$14,656$13,524$12,476$11,505$8,239
9 years$13,968$12,761$11,649$10,627$9,689$6,608
10 years$12,444$11,248$10,156$9,160$8,256$5,355
11 years$11,197$10,013$8,941$7,972$7,100$4,375
12 years$10,159$8,987$7,935$6,993$6,153$3,597
13 years$9,281$8,122$7,089$6,174$5,365$2,972
14 years$8,530$7,383$6,370$5,480$4,703$2,465
15 years$7,879$6,744$5,751$4,887$4,141$2,052
16 years$7,310$6,188$5,214$4,376$3,660$1,713
17 years$6,809$5,699$4,745$3,932$3,245$1,433
18 years$6,363$5,266$4,331$3,543$2,885$1,201
19 years$5,966$4,880$3,965$3,202$2,572$1,008
20 years$5,608$4,535$3,639$2,900$2,297$847
21 years$5,285$4,224$3,347$2,632$2,056$713
22 years$4,991$3,943$3,085$2,393$1,843$600
23 years$4,724$3,688$2,848$2,179$1,654$506
24 years$4,479$3,455$2,634$1,988$1,487$426
25 years$4,254$3,243$2,440$1,815$1,338$360
26 years$4,047$3,048$2,263$1,660$1,205$304
27 years$3,855$2,868$2,101$1,519$1,086$256
28 years$3,677$2,703$1,953$1,392$980$216
29 years$3,512$2,550$1,818$1,276$885$183
30 years$3,359$2,408$1,693$1,171$800$155
31 years$3,215$2,276$1,578$1,076$723$131
32 years$3,081$2,154$1,473$989$654$110
33 years$2,955$2,040$1,375$909$592$93
34 years$2,837$1,933$1,285$837$536$79
35 years$2,725$1,834$1,201$770$485$67
36 years$2,621$1,740$1,124$709$440$56
37 years$2,522$1,653$1,052$653$399$48
38 years$2,428$1,571$985$602$361$40
39 years$2,340$1,494$923$555$328$34
40 years$2,256$1,421$865$512$297$29
41 years$2,176$1,353$811$473$270$24
42 years$2,101$1,288$761$436$245$21
43 years$2,029$1,228$714$403$222$17
44 years$1,960$1,170$670$372$202$15
45 years$1,895$1,116$629$343$183$13
46 years$1,833$1,064$591$317$166$11
47 years$1,774$1,016$555$293$151$9
48 years$1,717$970$522$271$137$8
49 years$1,663$926$490$250$124$6
50 years$1,611$885$461$231$113$5

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 $5,633 every year, while hoping to spend $22,243 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: 82/10/8 Blend
54$1,650,000$1,650,000$1,650,000$1,650,000
55$1,824,110$1,736,660$1,711,085$1,971,457
56$1,986,503$1,798,090$1,744,740$2,130,118
57$2,164,715$1,861,785$1,778,777$2,300,720
58$2,360,335$1,927,832$1,813,186$2,487,334
59$2,575,115$1,996,321$1,847,953$2,691,549
60$2,810,984$2,067,349$1,883,067$2,915,119
61$3,070,069$2,141,013$1,918,514$3,159,973
62$3,354,709$2,217,416$1,954,278$3,428,236
63$3,667,485$2,296,664$1,990,341$3,722,250
64$4,011,237$2,378,870$2,026,687$4,044,591
65$4,389,097$2,464,148$2,063,294$4,398,100
66$4,804,513$2,552,620$2,100,143$4,785,904
67$5,261,285$2,644,410$2,137,209$5,211,447
68$5,763,599$2,739,649$2,174,469$5,678,525
69$6,316,067$2,838,473$2,211,895$6,191,317
70$6,923,772$2,941,024$2,249,459$6,754,429
71$7,592,312$3,047,449$2,287,131$7,372,931
72$8,327,855$3,157,901$2,324,877$8,052,414
73$9,137,200$3,272,542$2,362,664$8,799,031
74$10,027,834$3,391,537$2,400,453$9,619,567
75$11,008,011$3,515,059$2,438,206$10,521,491
76$12,086,821$3,643,291$2,475,879$11,513,036
77$13,274,284$3,776,419$2,513,429$12,603,272
78$14,581,439$3,914,641$2,550,806$13,802,189
79$16,020,448$4,058,161$2,587,961$15,120,797
80$17,604,715$4,207,192$2,624,838$16,571,225
81$19,349,008$4,361,957$2,661,382$18,166,837
82$21,269,600$4,522,686$2,697,532$19,922,358
83$23,384,423$4,689,621$2,733,223$21,854,011
84$25,713,235$4,863,013$2,768,387$23,979,672
85$28,277,809$5,043,126$2,802,952$26,319,038
86$31,102,138$5,230,231$2,836,843$28,893,811
87$34,212,658$5,424,614$2,869,979$31,727,904
88$37,638,501$5,626,572$2,902,276$34,847,667
89$41,411,769$5,836,415$2,933,643$38,282,132
90$45,567,835$6,054,465$2,963,986$42,063,291
91$50,145,681$6,281,060$2,993,206$46,226,397
92$55,188,259$6,516,551$3,021,197$50,810,291
93$60,742,904$6,761,305$3,047,849$55,857,776
94$66,861,774$7,015,702$3,073,046$61,416,015
95$73,602,346$7,280,142$3,096,664$67,536,979
96$81,027,957$7,555,042$3,118,574$74,277,935
97$89,208,403$7,840,833$3,138,641$81,701,987
98$98,220,596$8,137,970$3,156,721$89,878,672
99$108,149,290$8,446,924$3,172,665$98,884,615
100$119,087,882$8,768,187$3,186,313$108,804,251