Can I retire at age 55 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$138,733$137,497$136,291$135,115$133,966$129,574
2 years$68,680$67,401$66,161$64,959$63,793$59,410
3 years$45,332$44,047$42,810$41,620$40,473$36,237
4 years$33,660$32,379$31,155$29,985$28,866$24,808
5 years$26,659$25,386$24,178$23,031$21,943$18,076
6 years$21,993$20,729$19,539$18,418$17,363$13,689
7 years$18,661$17,408$16,237$15,143$14,121$10,639
8 years$16,164$14,922$13,770$12,703$11,714$8,423
9 years$14,222$12,993$11,860$10,820$9,865$6,760
10 years$12,670$11,452$10,340$9,327$8,406$5,482
11 years$11,401$10,195$9,103$8,117$7,229$4,481
12 years$10,344$9,151$8,079$7,120$6,265$3,686
13 years$9,450$8,270$7,218$6,286$5,463$3,048
14 years$8,685$7,517$6,485$5,580$4,789$2,530
15 years$8,022$6,867$5,855$4,976$4,216$2,108
16 years$7,443$6,300$5,309$4,456$3,726$1,760
17 years$6,932$5,802$4,831$4,003$3,304$1,474
18 years$6,479$5,361$4,410$3,608$2,938$1,236
19 years$6,074$4,969$4,037$3,260$2,619$1,038
20 years$5,710$4,617$3,705$2,953$2,339$873
21 years$5,381$4,301$3,408$2,680$2,093$735
22 years$5,082$4,015$3,141$2,436$1,876$619
23 years$4,810$3,755$2,900$2,219$1,684$522
24 years$4,560$3,518$2,682$2,024$1,514$441
25 years$4,331$3,302$2,484$1,848$1,362$372
26 years$4,120$3,103$2,304$1,690$1,227$314
27 years$3,925$2,920$2,139$1,547$1,106$266
28 years$3,744$2,752$1,989$1,417$998$225
29 years$3,576$2,596$1,851$1,300$901$190
30 years$3,420$2,452$1,724$1,193$814$161
31 years$3,274$2,318$1,607$1,095$736$136
32 years$3,137$2,193$1,500$1,007$666$115
33 years$3,009$2,077$1,400$926$603$97
34 years$2,888$1,968$1,308$852$546$82
35 years$2,775$1,867$1,223$784$494$70
36 years$2,668$1,772$1,144$722$448$59
37 years$2,567$1,683$1,071$665$406$50
38 years$2,472$1,599$1,003$613$368$42
39 years$2,382$1,521$940$565$334$36
40 years$2,297$1,447$881$522$303$30
41 years$2,216$1,377$826$481$275$26
42 years$2,139$1,312$775$444$249$22
43 years$2,066$1,250$727$410$226$18
44 years$1,996$1,191$682$379$205$16
45 years$1,930$1,136$641$350$186$13
46 years$1,866$1,084$602$323$169$11
47 years$1,806$1,034$565$298$154$9
48 years$1,748$987$531$276$140$8
49 years$1,693$943$499$255$127$7
50 years$1,640$901$469$235$115$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,680,000, adding $5,800 every year, while hoping to spend $31,464 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: 67/6/27 Blend
54$1,680,000$1,680,000$1,680,000$1,680,000
55$1,857,343$1,768,303$1,742,263$1,968,337
56$2,013,314$1,821,472$1,767,151$2,096,958
57$2,184,140$1,876,192$1,791,819$2,233,497
58$2,371,303$1,932,506$1,816,225$2,382,129
59$2,576,434$1,990,457$1,840,327$2,544,049
60$2,801,331$2,050,090$1,864,078$2,720,573
61$3,047,974$2,111,452$1,887,432$2,913,154
62$3,318,543$2,174,588$1,910,337$3,123,390
63$3,615,440$2,239,549$1,932,738$3,353,043
64$3,941,310$2,306,382$1,954,580$3,604,052
65$4,299,067$2,375,138$1,975,802$3,878,557
66$4,691,921$2,445,869$1,996,341$4,178,912
67$5,123,409$2,518,629$2,016,130$4,507,714
68$5,597,425$2,593,470$2,035,099$4,867,821
69$6,118,260$2,670,448$2,053,173$5,262,386
70$6,690,643$2,749,620$2,070,274$5,694,881
71$7,319,781$2,831,044$2,086,321$6,169,132
72$8,011,411$2,914,778$2,101,226$6,689,355
73$8,771,856$3,000,883$2,114,898$7,260,196
74$9,608,080$3,089,420$2,127,241$7,886,773
75$10,527,755$3,180,453$2,138,155$8,574,730
76$11,539,337$3,274,046$2,147,533$9,330,281
77$12,652,139$3,370,263$2,155,265$10,160,278
78$13,876,424$3,469,173$2,161,233$11,072,270
79$15,223,499$3,570,843$2,165,315$12,074,575
80$16,705,825$3,675,343$2,167,382$13,176,362
81$18,337,127$3,782,743$2,167,297$14,387,733
82$20,132,533$3,893,116$2,164,921$15,719,820
83$22,108,708$4,006,536$2,160,102$17,184,893
84$24,284,017$4,123,077$2,152,686$18,796,472
85$26,678,694$4,242,815$2,142,509$20,569,457
86$29,315,037$4,365,828$2,129,398$22,520,266
87$32,217,612$4,492,195$2,113,175$24,666,994
88$35,413,492$4,621,996$2,093,649$27,029,583
89$38,932,506$4,755,312$2,070,625$29,630,007
90$42,807,525$4,892,227$2,043,895$32,492,483
91$47,074,770$5,032,822$2,013,242$35,643,698
92$51,774,151$5,177,185$1,978,440$39,113,065
93$56,949,648$5,325,401$1,939,251$42,932,993
94$62,649,723$5,477,557$1,895,427$47,139,202
95$68,927,780$5,633,742$1,846,709$51,771,053
96$75,842,663$5,794,045$1,792,823$56,871,925
97$83,459,218$5,958,557$1,733,487$62,489,622
98$91,848,901$6,127,369$1,668,401$68,676,826
99$101,090,452$6,300,573$1,597,256$75,491,593
100$111,270,640$6,478,263$1,519,726$82,997,904