Can I retire at age 55 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$142,036$140,771$139,536$138,332$137,155$134,772
2 years$70,315$69,005$67,736$66,506$65,312$62,919
3 years$46,411$45,096$43,830$42,611$41,437$39,108
4 years$34,461$33,150$31,897$30,699$29,553$27,307
5 years$27,293$25,990$24,753$23,580$22,466$20,308
6 years$22,516$21,223$20,004$18,857$17,776$15,710
7 years$19,106$17,823$16,624$15,503$14,457$12,482
8 years$16,549$15,278$14,098$13,005$11,993$10,110
9 years$14,561$13,302$12,143$11,078$10,100$8,308
10 years$12,972$11,725$10,586$9,549$8,606$6,902
11 years$11,672$10,438$9,320$8,310$7,401$5,784
12 years$10,590$9,369$8,271$7,289$6,414$4,882
13 years$9,675$8,466$7,390$6,435$5,593$4,143
14 years$8,892$7,696$6,640$5,713$4,903$3,533
15 years$8,213$7,030$5,995$5,095$4,317$3,024
16 years$7,620$6,450$5,435$4,562$3,815$2,597
17 years$7,098$5,940$4,946$4,099$3,383$2,236
18 years$6,633$5,489$4,515$3,694$3,008$1,930
19 years$6,219$5,087$4,133$3,338$2,681$1,669
20 years$5,846$4,727$3,793$3,023$2,395$1,446
21 years$5,509$4,403$3,489$2,743$2,143$1,255
22 years$5,203$4,110$3,216$2,494$1,921$1,090
23 years$4,924$3,844$2,969$2,272$1,724$947
24 years$4,669$3,602$2,746$2,072$1,550$825
25 years$4,434$3,380$2,543$1,892$1,395$718
26 years$4,218$3,177$2,359$1,730$1,256$626
27 years$4,019$2,990$2,190$1,584$1,133$546
28 years$3,834$2,817$2,036$1,451$1,022$476
29 years$3,661$2,658$1,895$1,331$923$416
30 years$3,501$2,510$1,765$1,221$834$363
31 years$3,352$2,373$1,645$1,121$754$317
32 years$3,212$2,245$1,535$1,031$682$277
33 years$3,080$2,126$1,433$948$617$242
34 years$2,957$2,015$1,339$872$559$212
35 years$2,841$1,911$1,252$803$506$185
36 years$2,732$1,814$1,171$739$459$162
37 years$2,629$1,723$1,096$681$416$142
38 years$2,531$1,637$1,027$628$377$124
39 years$2,439$1,557$962$579$342$108
40 years$2,352$1,481$902$534$310$95
41 years$2,269$1,410$845$493$281$83
42 years$2,190$1,343$793$455$255$73
43 years$2,115$1,280$744$420$232$64
44 years$2,044$1,220$699$388$210$56
45 years$1,976$1,163$656$358$191$49
46 years$1,911$1,110$616$331$173$43
47 years$1,849$1,059$579$305$157$37
48 years$1,790$1,011$544$282$143$33
49 years$1,733$965$511$261$130$29
50 years$1,679$922$481$241$118$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,720,000, adding $6,904 every year, while hoping to spend $39,252 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: 73/21/6 Blend
54$1,720,000$1,720,000$1,720,000$1,720,000
55$1,902,561$1,811,401$1,784,741$2,039,622
56$2,054,859$1,858,396$1,802,766$2,177,851
57$2,221,375$1,906,378$1,820,080$2,323,564
58$2,403,519$1,955,355$1,836,616$2,482,024
59$2,602,842$2,005,331$1,852,307$2,654,475
60$2,821,052$2,056,312$1,867,079$2,842,288
61$3,060,030$2,108,302$1,880,857$3,046,973
62$3,321,847$2,161,303$1,893,560$3,270,191
63$3,608,786$2,215,317$1,905,104$3,513,773
64$3,923,357$2,270,343$1,915,400$3,779,735
65$4,268,329$2,326,379$1,924,356$4,070,297
66$4,646,748$2,383,422$1,931,872$4,387,903
67$5,061,973$2,441,466$1,937,846$4,735,248
68$5,517,700$2,500,503$1,942,169$5,115,296
69$6,018,002$2,560,525$1,944,729$5,531,316
70$6,567,367$2,621,519$1,945,406$5,986,907
71$7,170,736$2,683,471$1,944,074$6,486,034
72$7,833,553$2,746,363$1,940,603$7,033,065
73$8,561,817$2,810,177$1,934,855$7,632,813
74$9,362,136$2,874,888$1,926,685$8,290,579
75$10,241,787$2,940,472$1,915,943$9,012,204
76$11,208,792$3,006,897$1,902,470$9,804,124
77$12,271,985$3,074,131$1,886,098$10,673,428
78$13,441,100$3,142,136$1,866,655$11,627,928
79$14,726,862$3,210,871$1,843,958$12,676,232
80$16,141,087$3,280,289$1,817,816$13,827,824
81$17,696,794$3,350,339$1,788,029$15,093,152
82$19,408,326$3,420,965$1,754,387$16,483,731
83$21,291,488$3,492,105$1,716,672$18,012,248
84$23,363,694$3,563,691$1,674,654$19,692,683
85$25,644,129$3,635,651$1,628,093$21,540,438
86$28,153,934$3,707,902$1,576,739$23,572,489
87$30,916,405$3,780,358$1,520,329$25,807,538
88$33,957,206$3,852,924$1,458,588$28,266,197
89$37,304,620$3,925,496$1,391,229$30,971,175
90$40,989,809$3,997,963$1,317,953$33,947,500
91$45,047,111$4,070,205$1,238,447$37,222,749
92$49,514,363$4,142,092$1,152,381$40,827,311
93$54,433,256$4,213,482$1,059,414$44,794,675
94$59,849,733$4,284,227$959,189$49,161,742
95$65,814,414$4,354,163$851,330$53,969,179
96$72,383,084$4,423,116$735,449$59,261,797
97$79,617,209$4,490,900$611,137$65,088,980
98$87,584,523$4,557,312$477,969$71,505,144
99$96,359,663$4,622,140$335,500$78,570,260
100$106,024,876$4,685,151$183,266$86,350,411