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%14.8%
1 years$142,036$140,771$139,536$138,332$137,155$134,441
2 years$70,315$69,005$67,736$66,506$65,312$62,589
3 years$46,411$45,096$43,830$42,611$41,437$38,790
4 years$34,461$33,150$31,897$30,699$29,553$27,002
5 years$27,293$25,990$24,753$23,580$22,466$20,019
6 years$22,516$21,223$20,004$18,857$17,776$15,436
7 years$19,106$17,823$16,624$15,503$14,457$12,223
8 years$16,549$15,278$14,098$13,005$11,993$9,866
9 years$14,561$13,302$12,143$11,078$10,100$8,078
10 years$12,972$11,725$10,586$9,549$8,606$6,686
11 years$11,672$10,438$9,320$8,310$7,401$5,583
12 years$10,590$9,369$8,271$7,289$6,414$4,693
13 years$9,675$8,466$7,390$6,435$5,593$3,967
14 years$8,892$7,696$6,640$5,713$4,903$3,369
15 years$8,213$7,030$5,995$5,095$4,317$2,872
16 years$7,620$6,450$5,435$4,562$3,815$2,456
17 years$7,098$5,940$4,946$4,099$3,383$2,106
18 years$6,633$5,489$4,515$3,694$3,008$1,810
19 years$6,219$5,087$4,133$3,338$2,681$1,558
20 years$5,846$4,727$3,793$3,023$2,395$1,344
21 years$5,509$4,403$3,489$2,743$2,143$1,160
22 years$5,203$4,110$3,216$2,494$1,921$1,003
23 years$4,924$3,844$2,969$2,272$1,724$868
24 years$4,669$3,602$2,746$2,072$1,550$752
25 years$4,434$3,380$2,543$1,892$1,395$652
26 years$4,218$3,177$2,359$1,730$1,256$566
27 years$4,019$2,990$2,190$1,584$1,133$491
28 years$3,834$2,817$2,036$1,451$1,022$426
29 years$3,661$2,658$1,895$1,331$923$370
30 years$3,501$2,510$1,765$1,221$834$322
31 years$3,352$2,373$1,645$1,121$754$280
32 years$3,212$2,245$1,535$1,031$682$243
33 years$3,080$2,126$1,433$948$617$211
34 years$2,957$2,015$1,339$872$559$184
35 years$2,841$1,911$1,252$803$506$160
36 years$2,732$1,814$1,171$739$459$139
37 years$2,629$1,723$1,096$681$416$121
38 years$2,531$1,637$1,027$628$377$106
39 years$2,439$1,557$962$579$342$92
40 years$2,352$1,481$902$534$310$80
41 years$2,269$1,410$845$493$281$70
42 years$2,190$1,343$793$455$255$61
43 years$2,115$1,280$744$420$232$53
44 years$2,044$1,220$699$388$210$46
45 years$1,976$1,163$656$358$191$40
46 years$1,911$1,110$616$331$173$35
47 years$1,849$1,059$579$305$157$30
48 years$1,790$1,011$544$282$143$26
49 years$1,733$965$511$261$130$23
50 years$1,679$922$481$241$118$20

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 $2,752 every year, while hoping to spend $20,404 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: 49/26/25 Blend
54$1,720,000$1,720,000$1,720,000$1,720,000
55$1,898,279$1,807,119$1,780,459$1,977,730
56$2,070,193$1,873,958$1,818,394$2,100,337
57$2,258,960$1,943,388$1,856,917$2,231,206
58$2,466,275$2,015,515$1,896,025$2,372,978
59$2,694,008$2,090,449$1,935,715$2,526,694
60$2,944,220$2,168,304$1,975,984$2,693,495
61$3,219,179$2,249,199$2,016,829$2,874,639
62$3,521,385$2,333,260$2,058,243$3,071,509
63$3,853,593$2,420,617$2,100,220$3,285,624
64$4,218,836$2,511,404$2,142,754$3,518,660
65$4,620,458$2,605,763$2,185,837$3,772,456
66$5,062,141$2,703,841$2,229,459$4,049,041
67$5,547,943$2,805,793$2,273,609$4,350,645
68$6,082,335$2,911,779$2,318,277$4,679,722
69$6,670,243$3,021,966$2,363,449$5,038,975
70$7,317,094$3,136,528$2,409,111$5,431,378
71$8,028,868$3,255,649$2,455,247$5,860,206
72$8,812,154$3,379,517$2,501,839$6,329,064
73$9,674,212$3,508,332$2,548,869$6,841,923
74$10,623,042$3,642,300$2,596,316$7,403,151
75$11,667,456$3,781,638$2,644,157$8,017,563
76$12,817,169$3,926,570$2,692,368$8,690,458
77$14,082,880$4,077,332$2,740,923$9,427,672
78$15,476,383$4,234,170$2,789,792$10,235,631
79$17,010,670$4,397,340$2,838,946$11,121,414
80$18,700,058$4,567,109$2,888,351$12,092,817
81$20,560,324$4,743,758$2,937,971$13,158,426
82$22,608,853$4,927,578$2,987,769$14,327,698
83$24,864,800$5,118,874$3,037,703$15,611,049
84$27,349,274$5,317,962$3,087,730$17,019,952
85$30,085,534$5,525,177$3,137,804$18,567,048
86$33,099,212$5,740,864$3,187,873$20,266,256
87$36,418,551$5,965,386$3,237,887$22,132,914
88$40,074,674$6,199,120$3,287,787$24,183,917
89$44,101,877$6,442,463$3,337,513$26,437,874
90$48,537,951$6,695,827$3,387,003$28,915,290
91$53,424,542$6,959,642$3,436,187$31,638,752
92$58,807,540$7,234,360$3,484,995$34,633,144
93$64,737,516$7,520,450$3,533,348$37,925,883
94$71,270,194$7,818,404$3,581,168$41,547,171
95$78,466,984$8,128,735$3,628,366$45,530,286
96$86,395,554$8,451,981$3,674,854$49,911,891
97$95,130,473$8,788,701$3,720,535$54,732,381
98$104,753,916$9,139,481$3,765,307$60,036,261
99$115,356,433$9,504,934$3,809,063$65,872,566
100$127,037,813$9,885,699$3,851,690$72,295,326