Can I retire at age 55 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$141,210$139,952$138,725$137,527$136,358$134,487
2 years$69,906$68,604$67,342$66,119$64,932$63,050
3 years$46,141$44,834$43,575$42,363$41,196$39,362
4 years$34,261$32,957$31,711$30,520$29,381$27,609
5 years$27,135$25,839$24,609$23,442$22,335$20,630
6 years$22,385$21,099$19,888$18,747$17,673$16,037
7 years$18,994$17,719$16,527$15,413$14,373$12,807
8 years$16,452$15,189$14,016$12,930$11,924$10,427
9 years$14,476$13,225$12,072$11,013$10,041$8,614
10 years$12,896$11,657$10,525$9,493$8,556$7,196
11 years$11,604$10,377$9,266$8,262$7,358$6,065
12 years$10,529$9,314$8,223$7,247$6,377$5,148
13 years$9,619$8,417$7,347$6,398$5,560$4,395
14 years$8,840$7,651$6,601$5,679$4,874$3,770
15 years$8,166$6,989$5,960$5,065$4,292$3,247
16 years$7,576$6,413$5,404$4,535$3,793$2,806
17 years$7,056$5,906$4,917$4,075$3,363$2,432
18 years$6,595$5,457$4,489$3,672$2,990$2,113
19 years$6,182$5,058$4,109$3,318$2,665$1,839
20 years$5,812$4,700$3,771$3,005$2,381$1,604
21 years$5,477$4,378$3,469$2,727$2,131$1,401
22 years$5,173$4,086$3,197$2,480$1,910$1,225
23 years$4,895$3,822$2,952$2,258$1,714$1,073
24 years$4,642$3,581$2,730$2,060$1,541$940
25 years$4,409$3,361$2,529$1,881$1,386$825
26 years$4,194$3,158$2,345$1,720$1,249$724
27 years$3,995$2,972$2,178$1,574$1,126$636
28 years$3,811$2,801$2,024$1,443$1,016$559
29 years$3,640$2,642$1,884$1,323$917$492
30 years$3,481$2,495$1,755$1,214$829$433
31 years$3,332$2,359$1,636$1,115$749$381
32 years$3,193$2,232$1,526$1,025$678$335
33 years$3,062$2,114$1,425$942$614$295
34 years$2,940$2,003$1,332$867$555$260
35 years$2,825$1,900$1,245$798$503$229
36 years$2,716$1,804$1,165$735$456$202
37 years$2,613$1,713$1,090$677$413$178
38 years$2,516$1,628$1,021$624$375$157
39 years$2,425$1,548$956$576$340$138
40 years$2,338$1,473$896$531$308$122
41 years$2,255$1,402$841$490$280$108
42 years$2,177$1,335$788$452$254$95
43 years$2,103$1,272$740$417$230$84
44 years$2,032$1,213$694$385$209$74
45 years$1,964$1,156$652$356$190$65
46 years$1,900$1,103$612$329$172$57
47 years$1,838$1,053$575$304$156$51
48 years$1,780$1,005$541$281$142$45
49 years$1,723$960$508$259$129$39
50 years$1,670$917$478$240$117$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,710,000, adding $2,701 every year, while hoping to spend $24,291 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: 58/12/30 Blend
54$1,710,000$1,710,000$1,710,000$1,710,000
55$1,887,206$1,796,576$1,770,071$1,980,981
56$2,053,856$1,858,763$1,803,523$2,107,847
57$2,236,689$1,923,183$1,837,281$2,243,344
58$2,437,332$1,989,919$1,871,331$2,390,608
59$2,657,575$2,059,060$1,905,655$2,550,788
60$2,899,388$2,130,695$1,940,235$2,725,152
61$3,164,945$2,204,918$1,975,053$2,915,093
62$3,456,638$2,281,827$2,010,085$3,122,146
63$3,777,103$2,361,525$2,045,311$3,348,002
64$4,129,244$2,444,116$2,080,705$3,594,523
65$4,516,260$2,529,711$2,116,242$3,863,759
66$4,941,675$2,618,423$2,151,893$4,157,969
67$5,409,372$2,710,373$2,187,628$4,479,640
68$5,923,630$2,805,682$2,223,415$4,831,512
69$6,489,160$2,904,481$2,259,220$5,216,603
70$7,111,156$3,006,902$2,295,005$5,638,238
71$7,795,339$3,113,085$2,330,733$6,100,078
72$8,548,013$3,223,175$2,366,361$6,606,159
73$9,376,121$3,337,322$2,401,846$7,160,924
74$10,287,318$3,455,683$2,437,140$7,769,270
75$11,290,034$3,578,421$2,472,193$8,436,591
76$12,393,559$3,705,705$2,506,953$9,168,831
77$13,608,130$3,837,713$2,541,364$9,972,536
78$14,945,025$3,974,627$2,575,366$10,854,920
79$16,416,673$4,116,639$2,608,896$11,823,932
80$18,036,768$4,263,949$2,641,889$12,888,330
81$19,820,399$4,416,763$2,674,272$14,057,760
82$21,784,192$4,575,297$2,705,973$15,342,856
83$23,946,469$4,739,775$2,736,912$16,755,331
84$26,327,417$4,910,433$2,767,007$18,308,093
85$28,949,282$5,087,512$2,796,170$20,015,362
86$31,836,575$5,271,267$2,824,308$21,892,810
87$35,016,309$5,461,962$2,851,325$23,957,705
88$38,518,245$5,659,871$2,877,118$26,229,073
89$42,375,183$5,865,282$2,901,578$28,727,879
90$46,623,263$6,078,492$2,924,593$31,477,226
91$51,302,311$6,299,812$2,946,041$34,502,571
92$56,456,210$6,529,567$2,965,797$37,831,966
93$62,133,321$6,768,093$2,983,728$41,496,320
94$68,386,932$7,015,742$2,999,696$45,529,695
95$75,275,766$7,272,880$3,013,553$49,969,626
96$82,864,532$7,539,889$3,025,145$54,857,472
97$91,224,537$7,817,167$3,034,310$60,238,810
98$100,434,360$8,105,127$3,040,879$66,163,863
99$110,580,589$8,404,203$3,044,673$72,687,975
100$121,758,644$8,714,844$3,045,504$79,872,134