Can I retire at age 55 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$137,907$136,679$135,480$134,310$133,168$130,747
2 years$68,271$66,999$65,767$64,572$63,413$60,983
3 years$45,062$43,785$42,556$41,372$40,232$37,868
4 years$33,460$32,186$30,970$29,806$28,694$26,414
5 years$26,500$25,235$24,034$22,894$21,813$19,624
6 years$21,862$20,606$19,423$18,309$17,260$15,164
7 years$18,550$17,305$16,140$15,052$14,037$12,035
8 years$16,068$14,833$13,688$12,627$11,645$9,737
9 years$14,138$12,915$11,790$10,756$9,807$7,991
10 years$12,595$11,384$10,279$9,271$8,356$6,631
11 years$11,333$10,135$9,049$8,069$7,186$5,550
12 years$10,282$9,096$8,031$7,077$6,227$4,678
13 years$9,394$8,220$7,175$6,248$5,430$3,965
14 years$8,633$7,472$6,447$5,547$4,760$3,377
15 years$7,975$6,826$5,821$4,947$4,191$2,886
16 years$7,399$6,263$5,277$4,429$3,704$2,475
17 years$6,891$5,768$4,802$3,980$3,284$2,128
18 years$6,441$5,330$4,384$3,586$2,920$1,834
19 years$6,038$4,939$4,013$3,241$2,603$1,584
20 years$5,676$4,590$3,683$2,935$2,325$1,370
21 years$5,349$4,275$3,388$2,664$2,081$1,187
22 years$5,052$3,991$3,122$2,422$1,865$1,029
23 years$4,781$3,733$2,883$2,206$1,674$894
24 years$4,533$3,497$2,666$2,012$1,505$776
25 years$4,306$3,282$2,469$1,837$1,354$675
26 years$4,096$3,084$2,290$1,680$1,220$588
27 years$3,902$2,903$2,127$1,538$1,100$512
28 years$3,722$2,735$1,977$1,409$992$446
29 years$3,555$2,580$1,840$1,292$896$388
30 years$3,399$2,437$1,714$1,186$810$339
31 years$3,254$2,304$1,598$1,089$732$295
32 years$3,118$2,180$1,491$1,001$662$258
33 years$2,991$2,064$1,392$920$599$225
34 years$2,871$1,957$1,300$847$542$196
35 years$2,758$1,856$1,216$779$491$171
36 years$2,652$1,761$1,137$718$445$150
37 years$2,552$1,673$1,065$661$403$131
38 years$2,458$1,590$997$610$366$114
39 years$2,368$1,512$934$562$332$100
40 years$2,283$1,438$875$518$301$87
41 years$2,203$1,369$821$478$273$76
42 years$2,126$1,304$770$441$248$66
43 years$2,053$1,242$723$408$225$58
44 years$1,984$1,184$678$376$204$51
45 years$1,918$1,129$637$347$185$44
46 years$1,855$1,077$598$321$168$39
47 years$1,795$1,028$562$297$153$34
48 years$1,738$981$528$274$139$30
49 years$1,683$937$496$253$126$26
50 years$1,631$895$467$234$114$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,670,000, adding $6,772 every year, while hoping to spend $35,763 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: 48/26/26 Blend
54$1,670,000$1,670,000$1,670,000$1,670,000
55$1,847,325$1,758,815$1,732,930$1,922,024
56$1,997,701$1,806,946$1,752,932$2,023,240
57$2,162,216$1,856,236$1,772,405$2,129,022
58$2,342,276$1,906,705$1,791,294$2,243,194
59$2,539,426$1,958,372$1,809,540$2,366,563
60$2,755,370$2,011,254$1,827,083$2,500,019
61$2,991,983$2,065,371$1,843,856$2,644,540
62$3,251,332$2,120,741$1,859,791$2,801,207
63$3,535,690$2,177,379$1,874,816$2,971,208
64$3,847,563$2,235,304$1,888,855$3,155,852
65$4,189,711$2,294,530$1,901,829$3,356,582
66$4,565,174$2,355,075$1,913,652$3,574,989
67$4,977,300$2,416,951$1,924,237$3,812,822
68$5,429,776$2,480,174$1,933,491$4,072,013
69$5,926,666$2,544,755$1,941,316$4,354,687
70$6,472,445$2,610,707$1,947,609$4,663,187
71$7,072,043$2,678,040$1,952,263$5,000,095
72$7,730,892$2,746,764$1,955,163$5,368,257
73$8,454,974$2,816,887$1,956,193$5,770,808
74$9,250,882$2,888,415$1,955,225$6,211,203
75$10,125,877$2,961,353$1,952,131$6,693,250
76$11,087,962$3,035,704$1,946,773$7,221,145
77$12,145,950$3,111,470$1,939,006$7,799,513
78$13,309,554$3,188,649$1,928,680$8,433,450
79$14,589,475$3,267,239$1,915,636$9,128,573
80$15,997,501$3,347,233$1,899,710$9,891,073
81$17,546,622$3,428,624$1,880,727$10,727,772
82$19,251,152$3,511,401$1,858,505$11,646,188
83$21,126,859$3,595,549$1,832,854$12,654,609
84$23,191,118$3,681,051$1,803,575$13,762,167
85$25,463,076$3,767,886$1,770,458$14,978,928
86$27,963,827$3,856,029$1,733,286$16,315,984
87$30,716,616$3,945,453$1,691,829$17,785,563
88$33,747,054$4,036,123$1,645,849$19,401,138
89$37,083,363$4,128,003$1,595,094$21,177,561
90$40,756,640$4,221,049$1,539,304$23,131,198
91$44,801,150$4,315,214$1,478,204$25,280,089
92$49,254,652$4,410,443$1,411,508$27,644,114
93$54,158,750$4,506,679$1,338,917$30,245,185
94$59,559,290$4,603,853$1,260,118$33,107,450
95$65,506,790$4,701,894$1,174,784$36,257,523
96$72,056,917$4,800,722$1,082,574$39,724,738
97$79,271,013$4,900,248$983,131$43,541,421
98$87,216,671$5,000,375$876,081$47,743,201
99$95,968,378$5,100,999$761,036$52,369,344
100$105,608,210$5,202,006$637,588$57,463,127