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%18.8%
1 years$139,559$138,316$137,103$135,919$134,763$129,981
2 years$69,088$67,802$66,555$65,346$64,173$59,407
3 years$45,601$44,309$43,065$41,868$40,714$36,113
4 years$33,860$32,572$31,341$30,163$29,037$24,636
5 years$26,817$25,537$24,322$23,168$22,074$17,884
6 years$22,124$20,853$19,655$18,528$17,466$13,492
7 years$18,772$17,512$16,334$15,233$14,205$10,444
8 years$16,260$15,011$13,852$12,778$11,784$8,234
9 years$14,307$13,070$11,931$10,884$9,924$6,580
10 years$12,745$11,520$10,402$9,382$8,456$5,313
11 years$11,469$10,256$9,157$8,166$7,272$4,323
12 years$10,405$9,205$8,127$7,162$6,302$3,540
13 years$9,507$8,319$7,261$6,323$5,495$2,913
14 years$8,737$7,562$6,524$5,613$4,817$2,407
15 years$8,070$6,908$5,890$5,006$4,241$1,995
16 years$7,487$6,338$5,340$4,482$3,749$1,658
17 years$6,974$5,837$4,860$4,027$3,324$1,380
18 years$6,518$5,393$4,436$3,629$2,955$1,152
19 years$6,110$4,999$4,061$3,279$2,634$962
20 years$5,744$4,645$3,727$2,970$2,353$805
21 years$5,413$4,327$3,428$2,696$2,106$674
22 years$5,112$4,039$3,160$2,451$1,887$565
23 years$4,838$3,777$2,917$2,232$1,694$474
24 years$4,587$3,539$2,698$2,036$1,523$398
25 years$4,357$3,321$2,499$1,859$1,370$334
26 years$4,145$3,121$2,318$1,700$1,234$280
27 years$3,949$2,938$2,152$1,556$1,113$236
28 years$3,767$2,768$2,001$1,426$1,004$198
29 years$3,598$2,611$1,862$1,307$907$166
30 years$3,440$2,466$1,734$1,200$819$140
31 years$3,293$2,331$1,617$1,102$741$118
32 years$3,156$2,206$1,508$1,013$670$99
33 years$3,027$2,089$1,408$931$606$83
34 years$2,905$1,980$1,316$857$549$70
35 years$2,791$1,878$1,230$789$497$59
36 years$2,684$1,782$1,151$726$451$50
37 years$2,583$1,693$1,077$669$408$42
38 years$2,487$1,609$1,009$617$370$35
39 years$2,396$1,530$945$569$336$30
40 years$2,310$1,456$886$525$304$25
41 years$2,229$1,386$831$484$276$21
42 years$2,152$1,320$779$447$251$18
43 years$2,078$1,257$731$412$227$15
44 years$2,008$1,198$686$381$206$12
45 years$1,941$1,143$644$352$187$11
46 years$1,878$1,090$605$325$170$9
47 years$1,817$1,040$569$300$155$7
48 years$1,759$993$534$277$140$6
49 years$1,703$948$502$256$127$5
50 years$1,650$906$472$237$116$4

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 $5,755 every year, while hoping to spend $30,064 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: 83/10/7 Blend
54$1,690,000$1,690,000$1,690,000$1,690,000
55$1,868,316$1,778,746$1,752,551$2,021,707
56$2,026,897$1,833,917$1,779,274$2,177,961
57$2,200,645$1,890,783$1,805,884$2,344,864
58$2,391,076$1,949,397$1,832,346$2,527,202
59$2,599,858$2,009,811$1,858,623$2,726,504
60$2,828,831$2,072,078$1,884,674$2,944,455
61$3,080,018$2,136,257$1,910,457$3,182,908
62$3,355,650$2,202,403$1,935,927$3,443,907
63$3,658,183$2,270,577$1,961,037$3,729,701
64$3,990,321$2,340,840$1,985,736$4,042,767
65$4,355,047$2,413,254$2,009,971$4,385,835
66$4,755,643$2,487,884$2,033,686$4,761,911
67$5,195,725$2,564,797$2,056,821$5,174,305
68$5,679,279$2,644,062$2,079,314$5,626,664
69$6,210,693$2,725,748$2,101,099$6,123,007
70$6,794,803$2,809,929$2,122,105$6,667,758
71$7,436,937$2,896,680$2,142,260$7,265,793
72$8,142,964$2,986,077$2,161,485$7,922,484
73$8,919,351$3,078,199$2,179,700$8,643,748
74$9,773,222$3,173,129$2,196,817$9,436,103
75$10,712,427$3,270,949$2,212,747$10,306,732
76$11,745,615$3,371,745$2,227,394$11,263,548
77$12,882,314$3,475,607$2,240,658$12,315,268
78$14,133,024$3,582,626$2,252,434$13,471,498
79$15,509,313$3,692,895$2,262,611$14,742,821
80$17,023,927$3,806,511$2,271,073$16,140,898
81$18,690,911$3,923,573$2,277,697$17,678,575
82$20,525,739$4,044,183$2,282,355$19,370,009
83$22,545,463$4,168,446$2,284,912$21,230,797
84$24,768,870$4,296,471$2,285,227$23,278,125
85$27,216,664$4,428,367$2,283,151$25,530,931
86$29,911,656$4,564,249$2,278,529$28,010,079
87$32,878,982$4,704,235$2,271,197$30,738,563
88$36,146,341$4,848,444$2,260,984$33,741,716
89$39,744,251$4,997,002$2,247,711$37,047,454
90$43,706,344$5,150,034$2,231,189$40,686,537
91$48,069,679$5,307,673$2,211,221$44,692,862
92$52,875,090$5,470,053$2,187,600$49,103,779
93$58,167,575$5,637,312$2,160,112$53,960,443
94$63,996,720$5,809,592$2,128,527$59,308,208
95$70,417,163$5,987,040$2,092,611$65,197,047
96$77,489,114$6,169,805$2,052,113$71,682,030
97$85,278,919$6,358,042$2,006,775$78,823,840
98$93,859,692$6,551,909$1,956,325$86,689,346
99$103,311,996$6,751,568$1,900,477$95,352,236
100$113,724,612$6,957,187$1,838,936$104,893,708