Can I retire at age 55 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$139,559$138,316$137,103$135,919$134,763$133,578
2 years$69,088$67,802$66,555$65,346$64,173$62,979
3 years$45,601$44,309$43,065$41,868$40,714$39,548
4 years$33,860$32,572$31,341$30,163$29,037$27,908
5 years$26,817$25,537$24,322$23,168$22,074$20,985
6 years$22,124$20,853$19,655$18,528$17,466$16,419
7 years$18,772$17,512$16,334$15,233$14,205$13,199
8 years$16,260$15,011$13,852$12,778$11,784$10,821
9 years$14,307$13,070$11,931$10,884$9,924$9,002
10 years$12,745$11,520$10,402$9,382$8,456$7,575
11 years$11,469$10,256$9,157$8,166$7,272$6,432
12 years$10,405$9,205$8,127$7,162$6,302$5,501
13 years$9,507$8,319$7,261$6,323$5,495$4,734
14 years$8,737$7,562$6,524$5,613$4,817$4,093
15 years$8,070$6,908$5,890$5,006$4,241$3,554
16 years$7,487$6,338$5,340$4,482$3,749$3,097
17 years$6,974$5,837$4,860$4,027$3,324$2,707
18 years$6,518$5,393$4,436$3,629$2,955$2,372
19 years$6,110$4,999$4,061$3,279$2,634$2,083
20 years$5,744$4,645$3,727$2,970$2,353$1,833
21 years$5,413$4,327$3,428$2,696$2,106$1,615
22 years$5,112$4,039$3,160$2,451$1,887$1,425
23 years$4,838$3,777$2,917$2,232$1,694$1,259
24 years$4,587$3,539$2,698$2,036$1,523$1,114
25 years$4,357$3,321$2,499$1,859$1,370$987
26 years$4,145$3,121$2,318$1,700$1,234$874
27 years$3,949$2,938$2,152$1,556$1,113$775
28 years$3,767$2,768$2,001$1,426$1,004$688
29 years$3,598$2,611$1,862$1,307$907$611
30 years$3,440$2,466$1,734$1,200$819$543
31 years$3,293$2,331$1,617$1,102$741$483
32 years$3,156$2,206$1,508$1,013$670$429
33 years$3,027$2,089$1,408$931$606$382
34 years$2,905$1,980$1,316$857$549$340
35 years$2,791$1,878$1,230$789$497$302
36 years$2,684$1,782$1,151$726$451$269
37 years$2,583$1,693$1,077$669$408$240
38 years$2,487$1,609$1,009$617$370$213
39 years$2,396$1,530$945$569$336$190
40 years$2,310$1,456$886$525$304$169
41 years$2,229$1,386$831$484$276$151
42 years$2,152$1,320$779$447$251$134
43 years$2,078$1,257$731$412$227$120
44 years$2,008$1,198$686$381$206$107
45 years$1,941$1,143$644$352$187$95
46 years$1,878$1,090$605$325$170$85
47 years$1,817$1,040$569$300$155$76
48 years$1,759$993$534$277$140$67
49 years$1,703$948$502$256$127$60
50 years$1,650$906$472$237$116$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,690,000, adding $6,413 every year, while hoping to spend $38,210 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: 48/29/23 Blend
54$1,690,000$1,690,000$1,690,000$1,690,000
55$1,868,995$1,779,425$1,753,230$1,946,225
56$2,018,977$1,825,962$1,771,308$2,047,364
57$2,182,977$1,873,498$1,788,711$2,152,802
58$2,362,384$1,922,043$1,805,376$2,266,524
59$2,558,728$1,971,603$1,821,237$2,389,326
60$2,773,693$2,022,187$1,836,224$2,522,084
61$3,009,136$2,073,800$1,850,262$2,665,764
62$3,267,097$2,126,446$1,863,276$2,821,431
63$3,549,829$2,180,129$1,875,183$2,990,255
64$3,859,807$2,234,851$1,885,898$3,173,528
65$4,199,763$2,290,614$1,895,331$3,372,673
66$4,572,700$2,347,416$1,903,386$3,589,257
67$4,981,931$2,405,255$1,909,965$3,825,006
68$5,431,103$2,464,127$1,914,963$4,081,825
69$5,924,232$2,524,026$1,918,271$4,361,810
70$6,465,743$2,584,943$1,919,773$4,667,272
71$7,060,511$2,646,868$1,919,348$5,000,759
72$7,713,907$2,709,788$1,916,870$5,365,075
73$8,431,846$2,773,687$1,912,205$5,763,315
74$9,220,844$2,838,549$1,905,214$6,198,887
75$10,088,083$2,904,350$1,895,751$6,675,548
76$11,041,471$2,971,067$1,883,663$7,197,439
77$12,089,724$3,038,671$1,868,788$7,769,121
78$13,242,442$3,107,132$1,850,958$8,395,626
79$14,510,203$3,176,414$1,829,998$9,082,494
80$15,904,663$3,246,478$1,805,722$9,835,836
81$17,438,662$3,317,279$1,777,937$10,662,385
82$19,126,348$3,388,768$1,746,440$11,569,561
83$20,983,310$3,460,892$1,711,020$12,565,544
84$23,026,723$3,533,591$1,671,455$13,659,349
85$25,275,512$3,606,800$1,627,513$14,860,911
86$27,750,530$3,680,449$1,578,950$16,181,180
87$30,474,753$3,754,460$1,525,513$17,632,228
88$33,473,497$3,828,748$1,466,937$19,227,356
89$36,774,658$3,903,220$1,402,944$20,981,227
90$40,408,973$3,977,779$1,333,243$22,910,000
91$44,410,313$4,052,314$1,257,531$25,031,487
92$48,815,997$4,126,710$1,175,490$27,365,317
93$53,667,150$4,200,840$1,086,791$29,933,127
94$59,009,086$4,274,568$991,085$32,758,762
95$64,891,738$4,347,747$888,011$35,868,505
96$71,370,128$4,420,219$777,192$39,291,323
97$78,504,886$4,491,815$658,233$43,059,141
98$86,362,822$4,562,351$530,721$47,207,146
99$95,017,556$4,631,632$394,226$51,774,119
100$104,550,213$4,699,449$248,299$56,802,800