Can I retire at age 55 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$144,513$143,226$141,970$140,744$139,547$138,668
2 years$71,541$70,209$68,918$67,666$66,451$65,564
3 years$47,220$45,882$44,594$43,354$42,159$41,292
4 years$35,062$33,728$32,453$31,234$30,068$29,228
5 years$27,769$26,443$25,185$23,991$22,858$22,046
6 years$22,909$21,593$20,353$19,186$18,086$17,305
7 years$19,439$18,134$16,914$15,774$14,709$13,958
8 years$16,837$15,544$14,344$13,232$12,203$11,482
9 years$14,815$13,534$12,355$11,271$10,276$9,586
10 years$13,198$11,929$10,771$9,716$8,756$8,095
11 years$11,876$10,620$9,483$8,455$7,530$6,899
12 years$10,775$9,532$8,416$7,417$6,526$5,923
13 years$9,844$8,614$7,519$6,548$5,691$5,116
14 years$9,047$7,830$6,756$5,812$4,988$4,442
15 years$8,357$7,153$6,099$5,184$4,392$3,872
16 years$7,753$6,563$5,530$4,641$3,882$3,388
17 years$7,221$6,044$5,032$4,170$3,442$2,973
18 years$6,749$5,585$4,594$3,758$3,060$2,616
19 years$6,327$5,176$4,205$3,396$2,728$2,308
20 years$5,948$4,810$3,859$3,076$2,436$2,039
21 years$5,605$4,480$3,550$2,791$2,180$1,805
22 years$5,294$4,182$3,272$2,538$1,954$1,600
23 years$5,010$3,911$3,021$2,311$1,754$1,420
24 years$4,750$3,665$2,794$2,108$1,577$1,262
25 years$4,512$3,439$2,588$1,925$1,419$1,123
26 years$4,292$3,232$2,400$1,760$1,278$1,000
27 years$4,089$3,042$2,229$1,611$1,152$891
28 years$3,900$2,866$2,072$1,476$1,040$794
29 years$3,725$2,704$1,928$1,354$939$709
30 years$3,562$2,554$1,796$1,242$848$633
31 years$3,410$2,414$1,674$1,141$767$565
32 years$3,268$2,284$1,562$1,049$694$505
33 years$3,134$2,163$1,458$964$628$452
34 years$3,009$2,050$1,363$887$568$404
35 years$2,891$1,945$1,274$817$515$361
36 years$2,779$1,846$1,192$752$467$323
37 years$2,674$1,753$1,116$693$423$289
38 years$2,575$1,666$1,045$639$383$259
39 years$2,481$1,584$979$589$348$232
40 years$2,393$1,507$917$543$315$208
41 years$2,308$1,435$860$501$286$186
42 years$2,228$1,366$807$463$260$167
43 years$2,152$1,302$757$427$236$149
44 years$2,079$1,241$711$394$214$134
45 years$2,010$1,183$667$364$194$120
46 years$1,944$1,129$627$336$176$107
47 years$1,881$1,077$589$311$160$96
48 years$1,821$1,028$553$287$145$86
49 years$1,764$982$520$265$132$77
50 years$1,709$938$489$245$120$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,750,000, adding $6,803 every year, while hoping to spend $27,971 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: 40/42/18 Blend
54$1,750,000$1,750,000$1,750,000$1,750,000
55$1,935,517$1,842,767$1,815,642$2,002,353
56$2,103,179$1,903,302$1,846,705$2,111,187
57$2,287,005$1,965,865$1,877,872$2,225,643
58$2,488,614$2,030,527$1,909,115$2,348,878
59$2,709,790$2,097,360$1,940,407$2,481,706
60$2,952,497$2,166,439$1,971,719$2,625,020
61$3,218,898$2,237,842$2,003,019$2,779,803
62$3,511,378$2,311,648$2,034,272$2,947,134
63$3,832,562$2,387,942$2,065,443$3,128,200
64$4,185,341$2,466,810$2,096,494$3,324,307
65$4,572,903$2,548,340$2,127,383$3,536,893
66$4,998,757$2,632,626$2,158,068$3,767,536
67$5,466,769$2,719,764$2,188,503$4,017,974
68$5,981,200$2,809,853$2,218,638$4,290,122
69$6,546,743$2,902,996$2,248,423$4,586,083
70$7,168,568$2,999,300$2,277,802$4,908,173
71$7,852,372$3,098,876$2,306,719$5,258,942
72$8,604,432$3,201,839$2,335,112$5,641,195
73$9,431,661$3,308,306$2,362,915$6,058,022
74$10,341,680$3,418,403$2,390,062$6,512,822
75$11,342,882$3,532,255$2,416,480$7,009,338
76$12,444,517$3,649,997$2,442,094$7,551,692
77$13,656,776$3,771,765$2,466,821$8,144,422
78$14,990,887$3,897,701$2,490,580$8,792,524
79$16,459,222$4,027,953$2,513,279$9,501,500
80$18,075,415$4,162,675$2,534,826$10,277,411
81$19,854,486$4,302,024$2,555,121$11,126,928
82$21,812,986$4,446,166$2,574,061$12,057,402
83$23,969,154$4,595,272$2,591,535$13,076,926
84$26,343,085$4,749,517$2,607,429$14,194,415
85$28,956,923$4,909,087$2,621,621$15,419,689
86$31,835,068$5,074,171$2,633,984$16,763,563
87$35,004,406$5,244,967$2,644,384$18,237,952
88$38,494,566$5,421,681$2,652,681$19,855,979
89$42,338,192$5,604,524$2,658,726$21,632,102
90$46,571,260$5,793,717$2,662,366$23,582,246
91$51,233,409$5,989,491$2,663,436$25,723,956
92$56,368,322$6,192,081$2,661,766$28,076,559
93$62,024,133$6,401,735$2,657,178$30,661,349
94$68,253,884$6,618,709$2,649,482$33,501,785
95$75,116,022$6,843,268$2,638,482$36,623,711
96$82,674,956$7,075,688$2,623,971$40,055,601
97$91,001,660$7,316,255$2,605,732$43,828,827
98$100,174,345$7,565,266$2,583,539$47,977,952
99$110,279,194$7,823,031$2,557,154$52,541,060
100$121,411,181$8,089,868$2,526,328$57,560,108