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%18.1%
1 years$136,255$135,042$133,858$132,702$131,573$127,260
2 years$67,453$66,197$64,979$63,799$62,654$58,349
3 years$44,522$43,260$42,046$40,877$39,750$35,590
4 years$33,059$31,801$30,599$29,449$28,350$24,365
5 years$26,183$24,932$23,746$22,620$21,551$17,753
6 years$21,600$20,359$19,190$18,089$17,053$13,444
7 years$18,328$17,098$15,947$14,872$13,869$10,449
8 years$15,875$14,656$13,524$12,476$11,505$8,272
9 years$13,968$12,761$11,649$10,627$9,689$6,639
10 years$12,444$11,248$10,156$9,160$8,256$5,384
11 years$11,197$10,013$8,941$7,972$7,100$4,401
12 years$10,159$8,987$7,935$6,993$6,153$3,621
13 years$9,281$8,122$7,089$6,174$5,365$2,994
14 years$8,530$7,383$6,370$5,480$4,703$2,485
15 years$7,879$6,744$5,751$4,887$4,141$2,070
16 years$7,310$6,188$5,214$4,376$3,660$1,729
17 years$6,809$5,699$4,745$3,932$3,245$1,447
18 years$6,363$5,266$4,331$3,543$2,885$1,214
19 years$5,966$4,880$3,965$3,202$2,572$1,020
20 years$5,608$4,535$3,639$2,900$2,297$858
21 years$5,285$4,224$3,347$2,632$2,056$722
22 years$4,991$3,943$3,085$2,393$1,843$608
23 years$4,724$3,688$2,848$2,179$1,654$513
24 years$4,479$3,455$2,634$1,988$1,487$433
25 years$4,254$3,243$2,440$1,815$1,338$366
26 years$4,047$3,048$2,263$1,660$1,205$309
27 years$3,855$2,868$2,101$1,519$1,086$261
28 years$3,677$2,703$1,953$1,392$980$221
29 years$3,512$2,550$1,818$1,276$885$186
30 years$3,359$2,408$1,693$1,171$800$158
31 years$3,215$2,276$1,578$1,076$723$133
32 years$3,081$2,154$1,473$989$654$113
33 years$2,955$2,040$1,375$909$592$95
34 years$2,837$1,933$1,285$837$536$81
35 years$2,725$1,834$1,201$770$485$68
36 years$2,621$1,740$1,124$709$440$58
37 years$2,522$1,653$1,052$653$399$49
38 years$2,428$1,571$985$602$361$41
39 years$2,340$1,494$923$555$328$35
40 years$2,256$1,421$865$512$297$30
41 years$2,176$1,353$811$473$270$25
42 years$2,101$1,288$761$436$245$21
43 years$2,029$1,228$714$403$222$18
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$7
50 years$1,611$885$461$231$113$6

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 $3,242 every year, while hoping to spend $21,878 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: 34/37/29 Blend
54$1,650,000$1,650,000$1,650,000$1,650,000
55$1,821,644$1,734,194$1,708,619$1,867,516
56$1,984,174$1,795,892$1,742,580$1,964,202
57$2,162,548$1,859,879$1,776,945$2,066,217
58$2,358,361$1,926,245$1,811,705$2,175,808
59$2,573,365$1,995,084$1,846,849$2,293,666
60$2,809,496$2,066,490$1,882,366$2,420,550
61$3,068,882$2,140,566$1,918,243$2,557,292
62$3,353,869$2,217,414$1,954,465$2,704,808
63$3,667,042$2,297,145$1,991,017$2,864,104
64$4,011,247$2,379,872$2,027,883$3,036,286
65$4,389,621$2,465,713$2,065,044$3,222,569
66$4,805,620$2,554,791$2,102,481$3,424,290
67$5,263,051$2,647,233$2,140,172$3,642,920
68$5,766,109$2,743,174$2,178,094$3,880,073
69$6,319,414$2,842,752$2,216,223$4,137,529
70$6,928,060$2,946,112$2,254,532$4,417,244
71$7,597,655$3,053,405$2,292,992$4,721,369
72$8,334,382$3,164,788$2,331,573$5,052,273
73$9,145,050$3,280,424$2,370,241$5,412,561
74$10,037,164$3,400,483$2,408,964$5,805,100
75$11,018,992$3,525,144$2,447,701$6,233,047
76$12,099,645$3,654,592$2,486,415$6,699,874
77$13,289,161$3,789,019$2,525,062$7,209,405
78$14,598,601$3,928,627$2,563,597$7,765,850
79$16,040,153$4,073,625$2,601,973$8,373,841
80$17,627,248$4,224,231$2,640,138$9,038,481
81$19,374,682$4,380,674$2,678,038$9,765,385
82$21,298,763$4,543,190$2,715,615$10,560,739
83$23,417,457$4,712,027$2,752,809$11,431,352
84$25,750,564$4,887,443$2,789,554$12,384,724
85$28,319,901$5,069,707$2,825,784$13,429,113
86$31,149,508$5,259,099$2,861,424$14,573,614
87$34,265,875$5,455,912$2,896,399$15,828,242
88$37,698,194$5,660,452$2,930,628$17,204,030
89$41,478,632$5,873,035$2,964,026$18,713,128
90$45,642,633$6,093,995$2,996,502$20,368,919
91$50,229,258$6,323,677$3,027,961$22,186,142
92$55,281,547$6,562,442$3,058,303$24,181,035
93$60,846,931$6,810,668$3,087,421$26,371,484
94$66,977,673$7,068,746$3,115,206$28,777,190
95$73,731,369$7,337,087$3,141,538$31,419,858
96$81,171,483$7,616,119$3,166,294$34,323,394
97$89,367,954$7,906,289$3,189,345$37,514,138
98$98,397,850$8,208,062$3,210,552$41,021,106
99$108,346,097$8,521,924$3,229,773$44,876,264
100$119,306,284$8,848,382$3,246,855$49,114,829