Can I retire at age 55 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$145,339$144,045$142,781$141,549$140,345$139,577
2 years$71,950$70,610$69,311$68,052$66,831$66,057
3 years$47,490$46,144$44,849$43,602$42,400$41,643
4 years$35,263$33,921$32,639$31,413$30,240$29,506
5 years$27,928$26,595$25,329$24,128$22,988$22,279
6 years$23,040$21,716$20,470$19,295$18,190$17,506
7 years$19,550$18,237$17,010$15,864$14,793$14,136
8 years$16,933$15,633$14,426$13,308$12,272$11,641
9 years$14,900$13,611$12,425$11,335$10,335$9,730
10 years$13,273$11,998$10,833$9,771$8,806$8,227
11 years$11,944$10,681$9,537$8,504$7,573$7,020
12 years$10,836$9,586$8,464$7,459$6,563$6,035
13 years$9,900$8,663$7,562$6,585$5,723$5,219
14 years$9,099$7,875$6,794$5,846$5,017$4,537
15 years$8,404$7,194$6,134$5,213$4,417$3,961
16 years$7,797$6,600$5,562$4,668$3,904$3,470
17 years$7,263$6,078$5,061$4,194$3,461$3,050
18 years$6,788$5,617$4,620$3,780$3,078$2,687
19 years$6,363$5,206$4,229$3,415$2,743$2,373
20 years$5,982$4,837$3,881$3,093$2,450$2,100
21 years$5,637$4,506$3,570$2,807$2,193$1,862
22 years$5,324$4,206$3,290$2,552$1,966$1,653
23 years$5,039$3,934$3,038$2,325$1,764$1,470
24 years$4,777$3,686$2,810$2,120$1,586$1,308
25 years$4,538$3,459$2,602$1,936$1,427$1,165
26 years$4,316$3,251$2,414$1,770$1,285$1,039
27 years$4,112$3,059$2,241$1,620$1,159$928
28 years$3,923$2,883$2,084$1,485$1,046$828
29 years$3,747$2,720$1,939$1,361$944$740
30 years$3,583$2,568$1,806$1,250$853$662
31 years$3,429$2,428$1,684$1,148$771$592
32 years$3,286$2,297$1,571$1,055$698$530
33 years$3,152$2,176$1,467$970$631$475
34 years$3,026$2,062$1,370$892$572$425
35 years$2,907$1,956$1,281$821$518$381
36 years$2,795$1,856$1,199$757$469$341
37 years$2,690$1,763$1,122$697$425$306
38 years$2,590$1,676$1,051$642$386$275
39 years$2,496$1,593$984$592$350$246
40 years$2,406$1,516$923$546$317$221
41 years$2,321$1,443$865$504$288$198
42 years$2,241$1,374$811$465$261$178
43 years$2,164$1,309$761$429$237$160
44 years$2,091$1,248$715$397$215$143
45 years$2,022$1,190$671$366$195$129
46 years$1,955$1,135$630$338$177$115
47 years$1,892$1,083$592$313$161$104
48 years$1,832$1,034$557$289$146$93
49 years$1,774$988$523$267$133$84
50 years$1,718$944$492$247$121$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,760,000, adding $4,261 every year, while hoping to spend $22,879 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: 48/34/18 Blend
54$1,760,000$1,760,000$1,760,000$1,760,000
55$1,943,915$1,850,635$1,823,355$2,027,185
56$2,117,851$1,916,973$1,860,095$2,151,744
57$2,308,762$1,985,795$1,897,298$2,284,250
58$2,518,355$2,057,198$1,934,956$2,427,645
59$2,748,511$2,131,284$1,973,061$2,582,959
60$3,001,301$2,208,159$2,011,600$2,751,322
61$3,279,007$2,287,932$2,050,562$2,933,980
62$3,584,144$2,370,719$2,089,934$3,132,301
63$3,919,481$2,456,639$2,129,702$3,347,789
64$4,288,070$2,545,816$2,169,848$3,582,100
65$4,693,272$2,638,380$2,210,357$3,837,056
66$5,138,791$2,734,466$2,251,210$4,114,661
67$5,628,708$2,834,215$2,292,385$4,417,118
68$6,167,517$2,937,772$2,333,861$4,746,855
69$6,760,173$3,045,292$2,375,614$5,106,540
70$7,412,131$3,156,932$2,417,618$5,499,114
71$8,129,406$3,272,859$2,459,846$5,927,811
72$8,918,622$3,393,245$2,502,267$6,396,190
73$9,787,078$3,518,271$2,544,849$6,908,173
74$10,742,817$3,648,124$2,587,560$7,468,072
75$11,794,702$3,783,000$2,630,360$8,080,641
76$12,952,497$3,923,102$2,673,213$8,751,107
77$14,226,961$4,068,643$2,716,075$9,485,233
78$15,629,950$4,219,846$2,758,902$10,289,358
79$17,174,526$4,376,940$2,801,647$11,170,467
80$18,875,085$4,540,166$2,844,259$12,136,250
81$20,747,486$4,709,777$2,886,684$13,195,176
82$22,809,207$4,886,034$2,928,865$14,356,574
83$25,079,506$5,069,209$2,970,742$15,630,717
84$27,579,604$5,259,589$3,012,251$17,028,918
85$30,332,885$5,457,470$3,053,322$18,563,641
86$33,365,116$5,663,162$3,093,885$20,248,613
87$36,704,690$5,876,989$3,133,862$22,098,954
88$40,382,894$6,099,288$3,173,172$24,131,319
89$44,434,207$6,330,411$3,211,731$26,364,055
90$48,896,620$6,570,725$3,249,448$28,817,372
91$53,811,998$6,820,613$3,286,227$31,513,535
92$59,226,474$7,080,475$3,321,968$34,477,071
93$65,190,885$7,350,729$3,356,564$37,734,998
94$71,761,249$7,631,809$3,389,904$41,317,083
95$78,999,300$7,924,171$3,421,868$45,256,121
96$86,973,061$8,228,287$3,452,333$49,588,239
97$95,757,494$8,544,655$3,481,168$54,353,243
98$105,435,205$8,873,789$3,508,233$59,594,985
99$116,097,221$9,216,230$3,533,385$65,361,781
100$127,843,853$9,572,541$3,556,469$71,706,864