Can I retire at age 55 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$143,688$142,408$141,159$139,940$138,750$134,795
2 years$71,132$69,808$68,524$67,279$66,071$62,117
3 years$46,951$45,620$44,339$43,106$41,918$38,089
4 years$34,862$33,536$32,268$31,056$29,897$26,222
5 years$27,611$26,292$25,041$23,854$22,727$19,217
6 years$22,778$21,470$20,237$19,076$17,983$14,641
7 years$19,328$18,030$16,817$15,683$14,625$11,450
8 years$16,741$15,455$14,262$13,156$12,133$9,124
9 years$14,730$13,457$12,284$11,206$10,218$7,372
10 years$13,122$11,861$10,709$9,660$8,706$6,019
11 years$11,808$10,559$9,428$8,407$7,487$4,956
12 years$10,713$9,478$8,367$7,374$6,488$4,107
13 years$9,788$8,565$7,476$6,510$5,658$3,421
14 years$8,995$7,785$6,717$5,779$4,960$2,862
15 years$8,309$7,112$6,065$5,154$4,367$2,402
16 years$7,709$6,525$5,498$4,615$3,860$2,022
17 years$7,180$6,009$5,003$4,146$3,422$1,707
18 years$6,711$5,553$4,567$3,737$3,043$1,443
19 years$6,291$5,146$4,181$3,376$2,712$1,222
20 years$5,914$4,782$3,837$3,058$2,423$1,037
21 years$5,573$4,455$3,530$2,775$2,168$880
22 years$5,263$4,158$3,253$2,523$1,943$748
23 years$4,981$3,889$3,004$2,298$1,744$636
24 years$4,723$3,644$2,778$2,096$1,568$542
25 years$4,486$3,419$2,573$1,914$1,411$461
26 years$4,267$3,214$2,386$1,750$1,271$393
27 years$4,065$3,025$2,216$1,602$1,146$335
28 years$3,878$2,850$2,060$1,468$1,034$286
29 years$3,704$2,689$1,917$1,346$934$244
30 years$3,542$2,539$1,786$1,235$843$208
31 years$3,391$2,400$1,665$1,135$763$178
32 years$3,249$2,271$1,553$1,043$690$152
33 years$3,116$2,151$1,450$959$624$130
34 years$2,991$2,039$1,355$882$565$111
35 years$2,874$1,934$1,267$812$512$94
36 years$2,764$1,835$1,185$748$464$81
37 years$2,659$1,743$1,109$689$420$69
38 years$2,561$1,656$1,039$635$381$59
39 years$2,467$1,575$973$586$346$50
40 years$2,379$1,499$912$540$313$43
41 years$2,295$1,427$855$498$284$37
42 years$2,215$1,359$802$460$258$31
43 years$2,139$1,294$753$425$234$27
44 years$2,067$1,234$707$392$213$23
45 years$1,999$1,177$664$362$193$20
46 years$1,933$1,122$623$334$175$17
47 years$1,871$1,071$585$309$159$14
48 years$1,811$1,023$550$286$145$12
49 years$1,754$977$517$264$131$10
50 years$1,699$933$486$244$119$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,740,000, adding $5,845 every year, while hoping to spend $56,645 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: 48/36/16 Blend
54$1,740,000$1,740,000$1,740,000$1,740,000
55$1,923,509$1,831,289$1,804,319$2,006,956
56$2,059,437$1,860,752$1,804,494$2,094,783
57$2,207,331$1,889,761$1,802,776$2,183,820
58$2,368,353$1,918,233$1,799,043$2,279,269
59$2,543,778$1,946,079$1,793,164$2,381,752
60$2,735,013$1,973,207$1,785,005$2,491,953
61$2,943,605$1,999,515$1,774,423$2,610,629
62$3,171,256$2,024,894$1,761,269$2,738,616
63$3,419,841$2,049,231$1,745,389$2,876,837
64$3,691,423$2,072,401$1,726,617$3,026,308
65$3,988,273$2,094,274$1,704,784$3,188,155
66$4,312,891$2,114,708$1,679,709$3,363,616
67$4,668,033$2,133,555$1,651,205$3,554,062
68$5,056,728$2,150,655$1,619,077$3,761,003
69$5,482,315$2,165,839$1,583,117$3,986,108
70$5,948,472$2,178,925$1,543,111$4,231,217
71$6,459,245$2,189,721$1,498,835$4,498,362
72$7,019,094$2,198,024$1,450,052$4,789,786
73$7,632,930$2,203,615$1,396,517$5,107,964
74$8,306,160$2,206,264$1,337,972$5,455,626
75$9,044,742$2,205,724$1,274,147$5,835,788
76$9,855,237$2,201,736$1,204,762$6,251,774
77$10,744,872$2,194,022$1,129,523$6,707,254
78$11,721,609$2,182,289$1,048,122$7,206,280
79$12,794,216$2,166,224$960,237$7,753,317
80$13,972,356$2,145,499$865,535$8,353,298
81$15,266,669$2,119,761$763,663$9,011,660
82$16,688,880$2,088,640$654,256$9,734,405
83$18,251,904$2,051,741$536,932$10,528,153
84$19,969,970$2,008,649$411,291$11,400,208
85$21,858,755$1,958,920$276,917$12,358,626
86$23,935,529$1,902,089$133,375$13,412,294
87$26,219,320$1,837,658$0$14,571,016
88$28,731,093$1,765,105$0$15,848,987
89$31,493,944$1,683,876$0$17,279,270
90$34,533,323$1,593,382$0$18,852,313
91$37,877,270$1,493,006$0$20,582,712
92$41,556,677$1,382,089$0$22,486,559
93$45,605,586$1,259,939$0$24,581,600
94$50,061,502$1,125,823$0$26,887,395
95$54,965,753$978,965$0$29,425,512
96$60,363,873$818,548$0$32,219,728
97$66,306,038$643,706$0$35,296,255
98$72,847,532$453,527$0$38,683,992
99$80,049,275$247,044$0$42,414,797
100$87,978,391$23,239$0$46,523,792