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%17.8%
1 years$137,081$135,860$134,669$133,506$132,371$128,185
2 years$67,862$66,598$65,373$64,186$63,034$58,854
3 years$44,792$43,523$42,301$41,124$39,991$35,950
4 years$33,259$31,994$30,784$29,628$28,522$24,649
5 years$26,341$25,083$23,890$22,757$21,682$17,988
6 years$21,731$20,483$19,306$18,199$17,156$13,645
7 years$18,439$17,201$16,044$14,962$13,953$10,623
8 years$15,971$14,745$13,606$12,552$11,575$8,425
9 years$14,053$12,838$11,719$10,691$9,748$6,774
10 years$12,519$11,316$10,217$9,216$8,306$5,504
11 years$11,265$10,074$8,995$8,021$7,143$4,508
12 years$10,221$9,042$7,983$7,035$6,190$3,716
13 years$9,338$8,171$7,132$6,211$5,398$3,078
14 years$8,582$7,427$6,408$5,513$4,732$2,561
15 years$7,927$6,785$5,786$4,917$4,166$2,138
16 years$7,354$6,225$5,246$4,403$3,682$1,789
17 years$6,850$5,733$4,773$3,956$3,265$1,501
18 years$6,402$5,298$4,357$3,565$2,903$1,262
19 years$6,002$4,910$3,989$3,221$2,587$1,062
20 years$5,642$4,562$3,661$2,917$2,311$896
21 years$5,317$4,250$3,367$2,648$2,068$756
22 years$5,021$3,967$3,104$2,407$1,854$638
23 years$4,752$3,710$2,866$2,192$1,664$540
24 years$4,506$3,476$2,650$2,000$1,496$456
25 years$4,280$3,262$2,455$1,826$1,346$386
26 years$4,071$3,066$2,276$1,670$1,212$327
27 years$3,878$2,885$2,114$1,528$1,093$277
28 years$3,700$2,719$1,965$1,400$986$235
29 years$3,534$2,565$1,829$1,284$891$199
30 years$3,379$2,422$1,703$1,179$805$169
31 years$3,235$2,290$1,588$1,082$728$143
32 years$3,099$2,167$1,482$995$658$121
33 years$2,973$2,052$1,383$915$596$103
34 years$2,854$1,945$1,293$842$539$87
35 years$2,742$1,845$1,208$775$488$74
36 years$2,636$1,751$1,131$714$443$63
37 years$2,537$1,663$1,058$657$401$53
38 years$2,443$1,580$991$606$364$45
39 years$2,354$1,503$928$559$330$38
40 years$2,269$1,430$870$515$299$33
41 years$2,189$1,361$816$475$271$28
42 years$2,113$1,296$765$439$246$23
43 years$2,041$1,235$718$405$223$20
44 years$1,972$1,177$674$374$203$17
45 years$1,907$1,123$633$345$184$14
46 years$1,844$1,071$595$319$167$12
47 years$1,785$1,022$559$295$152$10
48 years$1,727$976$525$272$138$9
49 years$1,673$932$493$252$125$7
50 years$1,621$890$464$233$114$6

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 $4,235 every year, while hoping to spend $36,392 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: 65/26/9 Blend
54$1,660,000$1,660,000$1,660,000$1,660,000
55$1,833,688$1,745,708$1,719,978$1,949,221
56$1,982,004$1,792,527$1,738,877$2,073,522
57$2,144,228$1,840,421$1,757,189$2,204,589
58$2,321,740$1,889,403$1,774,856$2,346,847
59$2,516,061$1,939,487$1,791,817$2,501,383
60$2,728,865$1,990,687$1,808,008$2,669,394
61$2,961,993$2,043,015$1,823,360$2,852,197
62$3,217,476$2,096,482$1,837,803$3,051,243
63$3,497,549$2,151,100$1,851,260$3,268,128
64$3,804,675$2,206,880$1,863,652$3,504,612
65$4,141,564$2,263,829$1,874,897$3,762,632
66$4,511,203$2,321,956$1,884,906$4,044,322
67$4,916,882$2,381,268$1,893,586$4,352,031
68$5,362,225$2,441,771$1,900,842$4,688,347
69$5,851,223$2,503,469$1,906,572$5,056,122
70$6,388,273$2,566,365$1,910,668$5,458,496
71$6,978,220$2,630,460$1,913,018$5,898,929
72$7,626,399$2,695,753$1,913,505$6,381,233
73$8,338,689$2,762,243$1,912,005$6,909,605
74$9,121,567$2,829,923$1,908,388$7,488,673
75$9,982,166$2,898,789$1,902,518$8,123,531
76$10,928,347$2,968,830$1,894,253$8,819,796
77$11,968,771$3,040,035$1,883,443$9,583,653
78$13,112,979$3,112,390$1,869,932$10,421,918
79$14,371,483$3,185,878$1,853,554$11,342,102
80$15,755,865$3,260,476$1,834,139$12,352,479
81$17,278,887$3,336,163$1,811,506$13,462,168
82$18,954,608$3,412,910$1,785,467$14,681,214
83$20,798,521$3,490,686$1,755,823$16,020,689
84$22,827,696$3,569,455$1,722,368$17,492,789
85$25,060,939$3,649,177$1,684,886$19,110,957
86$27,518,976$3,729,807$1,643,150$20,890,003
87$30,224,639$3,811,295$1,596,924$22,846,249
88$33,203,090$3,893,586$1,545,958$24,997,679
89$36,482,052$3,976,619$1,489,995$27,364,110
90$40,092,074$4,060,326$1,428,763$29,967,382
91$44,066,817$4,144,634$1,361,978$32,831,560
92$48,443,373$4,229,461$1,289,344$35,983,163
93$53,262,612$4,314,720$1,210,553$39,451,415
94$58,569,571$4,400,314$1,125,279$43,268,518
95$64,413,876$4,486,138$1,033,185$47,469,961
96$70,850,212$4,572,079$933,917$52,094,850
97$77,938,837$4,658,015$827,107$57,186,281
98$85,746,152$4,743,811$712,368$62,791,745
99$94,345,326$4,829,324$589,299$68,963,577
100$103,816,987$4,914,399$457,478$75,759,450