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%13.2%
1 years$142,036$140,771$139,536$138,332$137,155$135,329
2 years$70,315$69,005$67,736$66,506$65,312$63,475
3 years$46,411$45,096$43,830$42,611$41,437$39,646
4 years$34,461$33,150$31,897$30,699$29,553$27,823
5 years$27,293$25,990$24,753$23,580$22,466$20,801
6 years$22,516$21,223$20,004$18,857$17,776$16,178
7 years$19,106$17,823$16,624$15,503$14,457$12,927
8 years$16,549$15,278$14,098$13,005$11,993$10,531
9 years$14,561$13,302$12,143$11,078$10,100$8,704
10 years$12,972$11,725$10,586$9,549$8,606$7,276
11 years$11,672$10,438$9,320$8,310$7,401$6,136
12 years$10,590$9,369$8,271$7,289$6,414$5,212
13 years$9,675$8,466$7,390$6,435$5,593$4,453
14 years$8,892$7,696$6,640$5,713$4,903$3,822
15 years$8,213$7,030$5,995$5,095$4,317$3,294
16 years$7,620$6,450$5,435$4,562$3,815$2,849
17 years$7,098$5,940$4,946$4,099$3,383$2,471
18 years$6,633$5,489$4,515$3,694$3,008$2,148
19 years$6,219$5,087$4,133$3,338$2,681$1,871
20 years$5,846$4,727$3,793$3,023$2,395$1,633
21 years$5,509$4,403$3,489$2,743$2,143$1,428
22 years$5,203$4,110$3,216$2,494$1,921$1,249
23 years$4,924$3,844$2,969$2,272$1,724$1,095
24 years$4,669$3,602$2,746$2,072$1,550$960
25 years$4,434$3,380$2,543$1,892$1,395$843
26 years$4,218$3,177$2,359$1,730$1,256$741
27 years$4,019$2,990$2,190$1,584$1,133$651
28 years$3,834$2,817$2,036$1,451$1,022$573
29 years$3,661$2,658$1,895$1,331$923$504
30 years$3,501$2,510$1,765$1,221$834$444
31 years$3,352$2,373$1,645$1,121$754$391
32 years$3,212$2,245$1,535$1,031$682$344
33 years$3,080$2,126$1,433$948$617$304
34 years$2,957$2,015$1,339$872$559$268
35 years$2,841$1,911$1,252$803$506$236
36 years$2,732$1,814$1,171$739$459$208
37 years$2,629$1,723$1,096$681$416$184
38 years$2,531$1,637$1,027$628$377$162
39 years$2,439$1,557$962$579$342$143
40 years$2,352$1,481$902$534$310$126
41 years$2,269$1,410$845$493$281$111
42 years$2,190$1,343$793$455$255$98
43 years$2,115$1,280$744$420$232$87
44 years$2,044$1,220$699$388$210$77
45 years$1,976$1,163$656$358$191$68
46 years$1,911$1,110$616$331$173$60
47 years$1,849$1,059$579$305$157$53
48 years$1,790$1,011$544$282$143$47
49 years$1,733$965$511$261$130$41
50 years$1,679$922$481$241$118$36

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 $4,916 every year, while hoping to spend $35,425 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: 32/45/23 Blend
54$1,720,000$1,720,000$1,720,000$1,720,000
55$1,900,511$1,809,351$1,782,691$1,947,738
56$2,056,671$1,860,317$1,804,719$2,034,770
57$2,227,572$1,912,593$1,826,298$2,124,917
58$2,414,681$1,966,207$1,847,375$2,221,293
59$2,619,611$2,021,184$1,867,895$2,324,468
60$2,844,141$2,077,551$1,887,799$2,435,068
61$3,090,229$2,135,337$1,907,026$2,553,780
62$3,360,032$2,194,568$1,925,511$2,681,363
63$3,655,924$2,255,270$1,943,184$2,818,652
64$3,980,522$2,317,473$1,959,975$2,966,564
65$4,336,707$2,381,201$1,975,806$3,126,110
66$4,727,654$2,446,482$1,990,598$3,298,404
67$5,156,859$2,513,344$2,004,267$3,484,671
68$5,628,172$2,581,811$2,016,724$3,686,260
69$6,145,836$2,651,911$2,027,875$3,904,658
70$6,714,526$2,723,669$2,037,623$4,141,502
71$7,339,389$2,797,110$2,045,864$4,398,595
72$8,026,097$2,872,259$2,052,492$4,677,923
73$8,780,899$2,949,140$2,057,391$4,981,674
74$9,610,680$3,027,777$2,060,442$5,312,260
75$10,523,024$3,108,192$2,061,521$5,672,334
76$11,526,286$3,190,407$2,060,496$6,064,824
77$12,629,673$3,274,443$2,057,228$6,492,953
78$13,843,328$3,360,320$2,051,574$6,960,272
79$15,178,427$3,448,055$2,043,382$7,470,696
80$16,647,284$3,537,666$2,032,492$8,028,538
81$18,263,464$3,629,170$2,018,738$8,638,548
82$20,041,917$3,722,578$2,001,945$9,305,964
83$21,999,113$3,817,905$1,981,930$10,036,557
84$24,153,199$3,915,159$1,958,502$10,836,685
85$26,524,173$4,014,350$1,931,459$11,713,357
86$29,134,068$4,115,482$1,900,592$12,674,295
87$32,007,162$4,218,559$1,865,681$13,728,009
88$35,170,206$4,323,582$1,826,495$14,883,880
89$38,652,677$4,430,548$1,782,792$16,152,244
90$42,487,056$4,539,451$1,734,322$17,544,491
91$46,709,134$4,650,282$1,680,820$19,073,178
92$51,358,349$4,763,029$1,622,010$20,752,139
93$56,478,157$4,877,674$1,557,604$22,596,622
94$62,116,445$4,994,196$1,487,300$24,623,434
95$68,325,980$5,112,569$1,410,782$26,851,095
96$75,164,908$5,232,763$1,327,722$29,300,016
97$82,697,301$5,354,741$1,237,773$31,992,695
98$90,993,765$5,478,462$1,140,577$34,953,922
99$100,132,099$5,603,878$1,035,757$38,211,023
100$110,198,038$5,730,933$922,920$41,794,111