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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.3%
1 years$137,081$135,860$134,669$133,506$132,371$127,421
2 years$67,862$66,598$65,373$64,186$63,034$58,103
3 years$44,792$43,523$42,301$41,124$39,991$35,236
4 years$33,259$31,994$30,784$29,628$28,522$23,977
5 years$26,341$25,083$23,890$22,757$21,682$17,360
6 years$21,731$20,483$19,306$18,199$17,156$13,060
7 years$18,439$17,201$16,044$14,962$13,953$10,081
8 years$15,971$14,745$13,606$12,552$11,575$7,925
9 years$14,053$12,838$11,719$10,691$9,748$6,314
10 years$12,519$11,316$10,217$9,216$8,306$5,081
11 years$11,265$10,074$8,995$8,021$7,143$4,121
12 years$10,221$9,042$7,983$7,035$6,190$3,363
13 years$9,338$8,171$7,132$6,211$5,398$2,758
14 years$8,582$7,427$6,408$5,513$4,732$2,271
15 years$7,927$6,785$5,786$4,917$4,166$1,875
16 years$7,354$6,225$5,246$4,403$3,682$1,553
17 years$6,850$5,733$4,773$3,956$3,265$1,289
18 years$6,402$5,298$4,357$3,565$2,903$1,071
19 years$6,002$4,910$3,989$3,221$2,587$891
20 years$5,642$4,562$3,661$2,917$2,311$743
21 years$5,317$4,250$3,367$2,648$2,068$620
22 years$5,021$3,967$3,104$2,407$1,854$517
23 years$4,752$3,710$2,866$2,192$1,664$432
24 years$4,506$3,476$2,650$2,000$1,496$361
25 years$4,280$3,262$2,455$1,826$1,346$302
26 years$4,071$3,066$2,276$1,670$1,212$253
27 years$3,878$2,885$2,114$1,528$1,093$211
28 years$3,700$2,719$1,965$1,400$986$177
29 years$3,534$2,565$1,829$1,284$891$148
30 years$3,379$2,422$1,703$1,179$805$124
31 years$3,235$2,290$1,588$1,082$728$104
32 years$3,099$2,167$1,482$995$658$87
33 years$2,973$2,052$1,383$915$596$73
34 years$2,854$1,945$1,293$842$539$61
35 years$2,742$1,845$1,208$775$488$51
36 years$2,636$1,751$1,131$714$443$43
37 years$2,537$1,663$1,058$657$401$36
38 years$2,443$1,580$991$606$364$30
39 years$2,354$1,503$928$559$330$25
40 years$2,269$1,430$870$515$299$21
41 years$2,189$1,361$816$475$271$18
42 years$2,113$1,296$765$439$246$15
43 years$2,041$1,235$718$405$223$12
44 years$1,972$1,177$674$374$203$10
45 years$1,907$1,123$633$345$184$9
46 years$1,844$1,071$595$319$167$7
47 years$1,785$1,022$559$295$152$6
48 years$1,727$976$525$272$138$5
49 years$1,673$932$493$252$125$4
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 $5,572 every year, while hoping to spend $53,771 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: 64/14/22 Blend
54$1,660,000$1,660,000$1,660,000$1,660,000
55$1,835,068$1,747,088$1,721,358$1,941,742
56$1,965,032$1,775,483$1,721,811$2,042,683
57$2,106,452$1,803,467$1,720,478$2,146,373
58$2,260,437$1,830,964$1,717,241$2,258,425
59$2,428,211$1,857,891$1,711,978$2,379,663
60$2,611,120$1,884,159$1,704,560$2,510,994
61$2,810,645$1,909,674$1,694,855$2,653,418
62$3,028,418$1,934,335$1,682,719$2,808,038
63$3,266,233$1,958,034$1,668,006$2,976,072
64$3,526,065$1,980,654$1,650,561$3,158,860
65$3,810,091$2,002,074$1,630,222$3,357,883
66$4,120,706$2,022,160$1,606,820$3,574,771
67$4,460,545$2,040,773$1,580,176$3,811,324
68$4,832,513$2,057,764$1,550,104$4,069,525
69$5,239,807$2,072,972$1,516,410$4,351,562
70$5,685,948$2,086,228$1,478,891$4,659,847
71$6,174,813$2,097,352$1,437,332$4,997,039
72$6,710,673$2,106,151$1,391,512$5,366,073
73$7,298,231$2,112,422$1,341,196$5,770,181
74$7,942,666$2,115,946$1,286,142$6,212,931
75$8,649,684$2,116,493$1,226,093$6,698,254
76$9,425,569$2,113,818$1,160,785$7,230,487
77$10,277,243$2,107,662$1,089,937$7,814,409
78$11,212,331$2,097,747$1,013,260$8,455,293
79$12,239,233$2,083,780$930,448$9,158,949
80$13,367,201$2,065,452$841,184$9,931,788
81$14,606,428$2,042,432$745,136$10,780,872
82$15,968,143$2,014,370$641,958$11,713,993
83$17,464,717$1,980,897$531,287$12,739,738
84$19,109,777$1,941,621$412,744$13,867,576
85$20,918,339$1,896,125$285,936$15,107,946
86$22,906,945$1,843,970$150,449$16,472,357
87$25,093,818$1,784,689$5,855$17,973,496
88$27,499,039$1,717,791$0$19,625,351
89$30,144,731$1,642,752$0$21,478,190
90$33,055,268$1,559,022$0$23,517,895
91$36,257,507$1,466,015$0$25,761,946
92$39,781,038$1,363,115$0$28,231,121
93$43,658,465$1,249,669$0$30,948,319
94$47,925,712$1,124,987$0$33,938,772
95$52,622,362$988,338$0$37,230,292
96$57,792,030$838,953$0$40,853,523
97$63,482,772$676,017$0$44,842,240
98$69,747,543$498,670$0$49,233,662
99$76,644,691$306,003$0$54,068,806
100$84,238,509$97,057$0$59,392,877