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%18.8%
1 years$137,081$135,860$134,669$133,506$132,371$127,674
2 years$67,862$66,598$65,373$64,186$63,034$58,352
3 years$44,792$43,523$42,301$41,124$39,991$35,471
4 years$33,259$31,994$30,784$29,628$28,522$24,199
5 years$26,341$25,083$23,890$22,757$21,682$17,567
6 years$21,731$20,483$19,306$18,199$17,156$13,252
7 years$18,439$17,201$16,044$14,962$13,953$10,259
8 years$15,971$14,745$13,606$12,552$11,575$8,088
9 years$14,053$12,838$11,719$10,691$9,748$6,464
10 years$12,519$11,316$10,217$9,216$8,306$5,218
11 years$11,265$10,074$8,995$8,021$7,143$4,246
12 years$10,221$9,042$7,983$7,035$6,190$3,477
13 years$9,338$8,171$7,132$6,211$5,398$2,861
14 years$8,582$7,427$6,408$5,513$4,732$2,364
15 years$7,927$6,785$5,786$4,917$4,166$1,959
16 years$7,354$6,225$5,246$4,403$3,682$1,628
17 years$6,850$5,733$4,773$3,956$3,265$1,356
18 years$6,402$5,298$4,357$3,565$2,903$1,131
19 years$6,002$4,910$3,989$3,221$2,587$945
20 years$5,642$4,562$3,661$2,917$2,311$791
21 years$5,317$4,250$3,367$2,648$2,068$662
22 years$5,021$3,967$3,104$2,407$1,854$555
23 years$4,752$3,710$2,866$2,192$1,664$465
24 years$4,506$3,476$2,650$2,000$1,496$391
25 years$4,280$3,262$2,455$1,826$1,346$328
26 years$4,071$3,066$2,276$1,670$1,212$275
27 years$3,878$2,885$2,114$1,528$1,093$231
28 years$3,700$2,719$1,965$1,400$986$194
29 years$3,534$2,565$1,829$1,284$891$164
30 years$3,379$2,422$1,703$1,179$805$137
31 years$3,235$2,290$1,588$1,082$728$116
32 years$3,099$2,167$1,482$995$658$97
33 years$2,973$2,052$1,383$915$596$82
34 years$2,854$1,945$1,293$842$539$69
35 years$2,742$1,845$1,208$775$488$58
36 years$2,636$1,751$1,131$714$443$49
37 years$2,537$1,663$1,058$657$401$41
38 years$2,443$1,580$991$606$364$35
39 years$2,354$1,503$928$559$330$29
40 years$2,269$1,430$870$515$299$24
41 years$2,189$1,361$816$475$271$21
42 years$2,113$1,296$765$439$246$17
43 years$2,041$1,235$718$405$223$15
44 years$1,972$1,177$674$374$203$12
45 years$1,907$1,123$633$345$184$10
46 years$1,844$1,071$595$319$167$9
47 years$1,785$1,022$559$295$152$7
48 years$1,727$976$525$272$138$6
49 years$1,673$932$493$252$125$5
50 years$1,621$890$464$233$114$4

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 $6,219 every year, while hoping to spend $23,215 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: 26/48/26 Blend
54$1,660,000$1,660,000$1,660,000$1,660,000
55$1,835,735$1,747,755$1,722,025$1,868,353
56$1,998,279$1,808,694$1,755,012$1,956,301
57$2,176,625$1,871,842$1,788,326$2,048,194
58$2,372,360$1,937,281$1,821,954$2,146,309
59$2,587,231$2,005,098$1,855,880$2,251,187
60$2,823,166$2,075,385$1,890,089$2,363,420
61$3,082,285$2,148,235$1,924,564$2,483,660
62$3,366,925$2,223,746$1,959,284$2,612,619
63$3,679,662$2,302,020$1,994,230$2,751,083
64$4,023,331$2,383,163$2,029,381$2,899,910
65$4,401,058$2,467,284$2,064,712$3,060,045
66$4,816,283$2,554,499$2,100,197$3,232,526
67$5,272,801$2,644,926$2,135,811$3,418,491
68$5,774,789$2,738,690$2,171,523$3,619,193
69$6,326,852$2,835,920$2,207,302$3,836,008
70$6,934,060$2,936,749$2,243,116$4,070,447
71$7,602,002$3,041,318$2,278,929$4,324,172
72$8,336,835$3,149,771$2,314,702$4,599,010
73$9,145,343$3,262,261$2,350,395$4,896,971
74$10,035,001$3,378,945$2,385,967$5,220,264
75$11,014,044$3,499,986$2,421,370$5,571,319
76$12,091,547$3,625,556$2,456,556$5,952,810
77$13,277,509$3,755,832$2,491,474$6,367,676
78$14,582,946$3,890,999$2,526,070$6,819,153
79$16,019,999$4,031,250$2,560,285$7,310,801
80$17,602,043$4,176,786$2,594,059$7,846,537
81$19,343,817$4,327,814$2,627,326$8,430,671
82$21,261,564$4,484,554$2,660,019$9,067,950
83$23,373,177$4,647,231$2,692,063$9,763,594
84$25,698,378$4,816,082$2,723,384$10,523,352
85$28,258,895$4,991,353$2,753,900$11,353,552
86$31,078,672$5,173,299$2,783,525$12,261,161
87$34,184,093$5,362,187$2,812,170$13,253,848
88$37,604,232$5,558,296$2,839,740$14,340,059
89$41,371,127$5,761,915$2,866,134$15,529,092
90$45,520,080$5,973,347$2,891,247$16,831,185
91$50,089,992$6,192,905$2,914,968$18,257,614
92$55,123,731$6,420,918$2,937,180$19,820,794
93$60,668,536$6,657,727$2,957,759$21,534,399
94$66,776,459$6,903,688$2,976,577$23,413,488
95$73,504,863$7,159,173$2,993,497$25,474,647
96$80,916,955$7,424,569$3,008,375$27,736,143
97$89,082,391$7,700,279$3,021,062$30,218,096
98$98,077,926$7,986,724$3,031,399$32,942,668
99$107,988,143$8,284,342$3,039,219$35,934,270
100$118,906,250$8,593,591$3,044,349$39,219,791