Can I retire at age 55 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$140,384$139,134$137,914$136,723$135,560$134,033
2 years$69,497$68,203$66,949$65,732$64,553$63,015
3 years$45,871$44,571$43,320$42,115$40,955$39,455
4 years$34,061$32,765$31,526$30,342$29,209$27,758
5 years$26,976$25,688$24,465$23,305$22,204$20,807
6 years$22,255$20,976$19,772$18,637$17,570$16,227
7 years$18,883$17,616$16,430$15,323$14,289$13,002
8 years$16,356$15,100$13,934$12,854$11,854$10,622
9 years$14,392$13,147$12,002$10,949$9,983$8,806
10 years$12,821$11,589$10,463$9,438$8,506$7,383
11 years$11,537$10,317$9,212$8,214$7,315$6,246
12 years$10,467$9,260$8,175$7,205$6,339$5,322
13 years$9,563$8,368$7,304$6,361$5,528$4,562
14 years$8,788$7,606$6,563$5,646$4,846$3,929
15 years$8,118$6,949$5,925$5,035$4,267$3,398
16 years$7,532$6,375$5,372$4,509$3,771$2,949
17 years$7,015$5,871$4,888$4,051$3,343$2,566
18 years$6,556$5,425$4,462$3,651$2,973$2,239
19 years$6,146$5,028$4,085$3,299$2,650$1,958
20 years$5,778$4,672$3,749$2,988$2,367$1,715
21 years$5,445$4,352$3,448$2,712$2,118$1,505
22 years$5,142$4,063$3,178$2,465$1,899$1,322
23 years$4,867$3,800$2,935$2,245$1,704$1,163
24 years$4,615$3,560$2,714$2,048$1,532$1,024
25 years$4,383$3,341$2,514$1,870$1,378$902
26 years$4,169$3,140$2,331$1,710$1,242$796
27 years$3,972$2,955$2,165$1,565$1,119$702
28 years$3,789$2,784$2,013$1,434$1,010$620
29 years$3,619$2,627$1,873$1,315$912$548
30 years$3,460$2,481$1,744$1,207$824$485
31 years$3,313$2,345$1,626$1,108$745$429
32 years$3,174$2,219$1,517$1,019$674$379
33 years$3,044$2,101$1,417$937$610$336
34 years$2,923$1,992$1,324$862$552$297
35 years$2,808$1,889$1,238$793$500$263
36 years$2,700$1,793$1,158$731$453$233
37 years$2,598$1,703$1,084$673$411$207
38 years$2,502$1,618$1,015$621$372$183
39 years$2,411$1,539$951$572$338$162
40 years$2,324$1,464$891$528$306$144
41 years$2,242$1,394$836$487$278$127
42 years$2,164$1,327$784$449$252$113
43 years$2,090$1,265$736$415$229$100
44 years$2,020$1,206$690$383$208$89
45 years$1,953$1,150$648$354$189$79
46 years$1,889$1,097$609$327$171$70
47 years$1,828$1,047$572$302$155$62
48 years$1,769$999$538$279$141$55
49 years$1,713$954$505$258$128$49
50 years$1,660$911$475$238$116$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,700,000, adding $6,376 every year, while hoping to spend $21,692 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: 34/46/20 Blend
54$1,700,000$1,700,000$1,700,000$1,700,000
55$1,879,977$1,789,877$1,763,527$1,932,178
56$2,048,654$1,854,501$1,799,525$2,035,898
57$2,233,810$1,921,564$1,836,002$2,145,219
58$2,437,102$1,991,164$1,872,951$2,262,658
59$2,660,355$2,063,400$1,910,364$2,388,946
60$2,905,583$2,138,378$1,948,233$2,524,887
61$3,175,001$2,216,207$1,986,547$2,671,360
62$3,471,050$2,297,001$2,025,296$2,829,333
63$3,796,421$2,380,877$2,064,467$2,999,870
64$4,154,077$2,467,961$2,104,047$3,184,136
65$4,547,281$2,558,380$2,144,021$3,383,415
66$4,979,631$2,652,268$2,184,373$3,599,115
67$5,455,090$2,749,765$2,225,086$3,832,785
68$5,978,023$2,851,017$2,266,140$4,086,127
69$6,553,240$2,956,176$2,307,514$4,361,012
70$7,186,041$3,065,399$2,349,187$4,659,498
71$7,882,265$3,178,852$2,391,133$4,983,847
72$8,648,347$3,296,706$2,433,327$5,336,547
73$9,491,375$3,419,142$2,475,740$5,720,336
74$10,419,160$3,546,344$2,518,342$6,138,223
75$11,440,309$3,678,509$2,561,100$6,593,522
76$12,564,304$3,815,840$2,603,981$7,089,875
77$13,801,595$3,958,548$2,646,946$7,631,293
78$15,163,695$4,106,854$2,689,956$8,222,187
79$16,663,291$4,260,989$2,732,969$8,867,415
80$18,314,362$4,421,193$2,775,938$9,572,319
81$20,132,311$4,587,716$2,818,817$10,342,784
82$22,134,113$4,760,820$2,861,554$11,185,283
83$24,338,471$4,940,778$2,904,094$12,106,946
84$26,765,993$5,127,875$2,946,379$13,115,619
85$29,439,390$5,322,406$2,988,349$14,219,943
86$32,383,686$5,524,683$3,029,937$15,429,429
87$35,626,457$5,735,027$3,071,075$16,754,551
88$39,198,090$5,953,777$3,111,689$18,206,842
89$43,132,067$6,181,285$3,151,703$19,799,003
90$47,465,287$6,417,917$3,191,034$21,545,017
91$52,238,408$6,664,057$3,229,596$23,460,287
92$57,496,236$6,920,105$3,267,297$25,561,773
93$63,288,141$7,186,479$3,304,041$27,868,157
94$69,668,530$7,463,616$3,339,725$30,400,013
95$76,697,356$7,751,969$3,374,242$33,180,001
96$84,440,685$8,052,015$3,407,478$36,233,082
97$92,971,321$8,364,249$3,439,314$39,586,747
98$102,369,488$8,689,190$3,469,624$43,271,280
99$112,723,594$9,027,378$3,498,274$47,320,038
100$124,131,059$9,379,378$3,525,125$51,769,769