Can I retire at age 55 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$137,081$135,860$134,669$133,506$132,371$128,288
2 years$67,862$66,598$65,373$64,186$63,034$58,956
3 years$44,792$43,523$42,301$41,124$39,991$36,046
4 years$33,259$31,994$30,784$29,628$28,522$24,740
5 years$26,341$25,083$23,890$22,757$21,682$18,074
6 years$21,731$20,483$19,306$18,199$17,156$13,725
7 years$18,439$17,201$16,044$14,962$13,953$10,697
8 years$15,971$14,745$13,606$12,552$11,575$8,494
9 years$14,053$12,838$11,719$10,691$9,748$6,838
10 years$12,519$11,316$10,217$9,216$8,306$5,562
11 years$11,265$10,074$8,995$8,021$7,143$4,562
12 years$10,221$9,042$7,983$7,035$6,190$3,765
13 years$9,338$8,171$7,132$6,211$5,398$3,124
14 years$8,582$7,427$6,408$5,513$4,732$2,602
15 years$7,927$6,785$5,786$4,917$4,166$2,175
16 years$7,354$6,225$5,246$4,403$3,682$1,824
17 years$6,850$5,733$4,773$3,956$3,265$1,532
18 years$6,402$5,298$4,357$3,565$2,903$1,290
19 years$6,002$4,910$3,989$3,221$2,587$1,087
20 years$5,642$4,562$3,661$2,917$2,311$918
21 years$5,317$4,250$3,367$2,648$2,068$776
22 years$5,021$3,967$3,104$2,407$1,854$656
23 years$4,752$3,710$2,866$2,192$1,664$556
24 years$4,506$3,476$2,650$2,000$1,496$471
25 years$4,280$3,262$2,455$1,826$1,346$399
26 years$4,071$3,066$2,276$1,670$1,212$339
27 years$3,878$2,885$2,114$1,528$1,093$287
28 years$3,700$2,719$1,965$1,400$986$244
29 years$3,534$2,565$1,829$1,284$891$207
30 years$3,379$2,422$1,703$1,179$805$176
31 years$3,235$2,290$1,588$1,082$728$149
32 years$3,099$2,167$1,482$995$658$127
33 years$2,973$2,052$1,383$915$596$108
34 years$2,854$1,945$1,293$842$539$92
35 years$2,742$1,845$1,208$775$488$78
36 years$2,636$1,751$1,131$714$443$66
37 years$2,537$1,663$1,058$657$401$56
38 years$2,443$1,580$991$606$364$48
39 years$2,354$1,503$928$559$330$41
40 years$2,269$1,430$870$515$299$35
41 years$2,189$1,361$816$475$271$29
42 years$2,113$1,296$765$439$246$25
43 years$2,041$1,235$718$405$223$21
44 years$1,972$1,177$674$374$203$18
45 years$1,907$1,123$633$345$184$15
46 years$1,844$1,071$595$319$167$13
47 years$1,785$1,022$559$295$152$11
48 years$1,727$976$525$272$138$9
49 years$1,673$932$493$252$125$8
50 years$1,621$890$464$233$114$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,660,000, adding $5,668 every year, while hoping to spend $57,260 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: 79/15/6 Blend
54$1,660,000$1,660,000$1,660,000$1,660,000
55$1,835,167$1,747,187$1,721,457$1,978,801
56$1,961,429$1,771,874$1,718,201$2,098,411
57$2,098,652$1,795,853$1,712,918$2,221,492
58$2,247,891$1,819,027$1,705,477$2,354,780
59$2,410,312$1,841,294$1,695,746$2,499,264
60$2,587,192$1,862,547$1,683,583$2,656,032
61$2,779,942$1,882,668$1,668,839$2,826,283
62$2,990,112$1,901,534$1,651,360$3,011,339
63$3,219,407$1,919,013$1,630,985$3,212,653
64$3,469,706$1,934,964$1,607,542$3,431,829
65$3,743,075$1,949,237$1,580,854$3,670,632
66$4,041,792$1,961,672$1,550,736$3,931,005
67$4,368,360$1,972,100$1,516,991$4,215,093
68$4,725,540$1,980,339$1,479,417$4,525,256
69$5,116,367$1,986,198$1,437,799$4,864,093
70$5,544,186$1,989,472$1,391,916$5,234,473
71$6,012,681$1,989,943$1,341,532$5,639,551
72$6,525,905$1,987,382$1,286,405$6,082,807
73$7,088,327$1,981,543$1,226,279$6,568,077
74$7,704,864$1,972,166$1,160,887$7,099,584
75$8,380,934$1,958,977$1,089,951$7,681,984
76$9,122,504$1,941,681$1,013,179$8,320,409
77$9,936,146$1,919,969$930,266$9,020,512
78$10,829,098$1,893,513$840,895$9,788,525
79$11,809,334$1,861,963$744,733$10,631,313
80$12,885,638$1,824,951$641,434$11,556,444
81$14,067,684$1,782,086$530,634$12,572,259
82$15,366,133$1,732,953$411,955$13,687,946
83$16,792,725$1,677,114$285,002$14,913,637
84$18,360,396$1,614,105$149,362$16,260,493
85$20,083,396$1,543,436$4,605$17,740,817
86$21,977,424$1,464,586$0$19,368,168
87$24,059,777$1,377,007$0$21,167,084
88$26,349,511$1,280,117$0$23,145,375
89$28,867,621$1,173,302$0$25,320,927
90$31,637,236$1,055,912$0$27,713,777
91$34,683,844$927,261$0$30,346,004
92$38,035,524$786,625$0$33,241,939
93$41,723,214$633,236$0$36,428,396
94$45,781,002$466,284$0$39,934,924
95$50,246,448$284,916$0$43,794,088
96$55,160,937$88,228$0$48,041,774
97$60,570,068$0$0$52,717,532
98$66,524,086$0$0$57,885,532
99$73,078,354$0$0$63,590,633
100$80,293,875$0$0$69,871,379