Can I retire at age 55 with 1,770,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$146,165$144,863$143,593$142,353$141,142$137,340
2 years$72,359$71,011$69,705$68,439$67,211$63,407
3 years$47,760$46,407$45,104$43,849$42,641$38,956
4 years$35,463$34,114$32,824$31,591$30,412$26,873
5 years$28,087$26,746$25,473$24,265$23,119$19,735
6 years$23,171$21,840$20,586$19,405$18,293$15,068
7 years$19,661$18,341$17,107$15,954$14,877$11,812
8 years$17,030$15,722$14,508$13,383$12,342$9,434
9 years$14,984$13,689$12,496$11,400$10,394$7,641
10 years$13,349$12,066$10,894$9,827$8,856$6,255
11 years$12,012$10,741$9,591$8,552$7,616$5,163
12 years$10,898$9,641$8,512$7,501$6,600$4,289
13 years$9,957$8,713$7,605$6,623$5,756$3,583
14 years$9,150$7,920$6,833$5,879$5,045$3,005
15 years$8,452$7,235$6,169$5,243$4,442$2,530
16 years$7,842$6,638$5,593$4,694$3,926$2,136
17 years$7,304$6,113$5,090$4,218$3,481$1,808
18 years$6,826$5,649$4,646$3,801$3,095$1,533
19 years$6,399$5,235$4,253$3,435$2,759$1,302
20 years$6,016$4,865$3,904$3,111$2,464$1,108
21 years$5,669$4,531$3,590$2,823$2,205$944
22 years$5,354$4,230$3,309$2,567$1,977$805
23 years$5,067$3,956$3,055$2,338$1,774$687
24 years$4,805$3,707$2,826$2,132$1,595$586
25 years$4,563$3,478$2,617$1,947$1,435$501
26 years$4,341$3,269$2,427$1,780$1,293$428
27 years$4,135$3,077$2,254$1,630$1,166$366
28 years$3,945$2,899$2,095$1,493$1,052$314
29 years$3,768$2,735$1,950$1,369$950$268
30 years$3,603$2,583$1,816$1,257$858$230
31 years$3,449$2,442$1,693$1,154$776$197
32 years$3,305$2,310$1,580$1,061$702$169
33 years$3,170$2,188$1,475$975$635$144
34 years$3,043$2,074$1,378$897$575$124
35 years$2,924$1,967$1,289$826$521$106
36 years$2,811$1,867$1,205$761$472$91
37 years$2,705$1,773$1,128$701$428$78
38 years$2,605$1,685$1,057$646$388$67
39 years$2,510$1,602$990$596$352$57
40 years$2,420$1,524$928$550$319$49
41 years$2,335$1,451$870$507$289$42
42 years$2,253$1,382$816$468$263$36
43 years$2,176$1,317$766$432$238$31
44 years$2,103$1,255$719$399$216$27
45 years$2,033$1,197$675$368$196$23
46 years$1,966$1,142$634$340$178$20
47 years$1,903$1,090$596$314$162$17
48 years$1,842$1,040$560$290$147$14
49 years$1,784$993$526$268$134$12
50 years$1,728$949$495$248$121$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,770,000, adding $6,346 every year, while hoping to spend $39,614 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: 48/28/24 Blend
54$1,770,000$1,770,000$1,770,000$1,770,000
55$1,957,086$1,863,276$1,835,841$2,037,401
56$2,114,560$1,912,427$1,855,193$2,143,378
57$2,286,768$1,962,660$1,873,865$2,253,949
58$2,475,172$2,013,984$1,891,793$2,373,226
59$2,681,381$2,066,410$1,908,909$2,502,047
60$2,907,166$2,119,948$1,925,142$2,641,332
61$3,154,478$2,174,607$1,940,415$2,792,099
62$3,425,465$2,230,393$1,954,649$2,955,467
63$3,722,494$2,287,313$1,967,761$3,132,667
64$4,048,170$2,345,374$1,979,663$3,325,059
65$4,405,363$2,404,577$1,990,262$3,534,138
66$4,797,235$2,464,926$1,999,461$3,761,554
67$5,227,267$2,526,422$2,007,157$4,009,124
68$5,699,296$2,589,064$2,013,244$4,278,849
69$6,217,545$2,652,848$2,017,608$4,572,936
70$6,786,668$2,717,772$2,020,132$4,893,815
71$7,411,792$2,783,827$2,020,690$5,244,165
72$8,098,565$2,851,004$2,019,153$5,626,940
73$8,853,207$2,919,292$2,015,384$6,045,393
74$9,682,574$2,988,677$2,009,239$6,503,110
75$10,594,216$3,059,142$2,000,568$7,004,042
76$11,596,452$3,130,666$1,989,213$7,552,546
77$12,698,448$3,203,226$1,975,009$8,153,421
78$13,910,300$3,276,795$1,957,783$8,811,958
79$15,243,135$3,351,342$1,937,352$9,533,988
80$16,709,209$3,426,832$1,913,528$10,325,938
81$18,322,028$3,503,226$1,886,111$11,194,891
82$20,096,471$3,580,481$1,854,892$12,148,652
83$22,048,934$3,658,547$1,819,654$13,195,826
84$24,197,481$3,737,372$1,780,168$14,345,897
85$26,562,016$3,816,895$1,736,195$15,609,315
86$29,164,469$3,897,050$1,687,486$16,997,601
87$32,029,007$3,977,767$1,633,778$18,523,452
88$35,182,254$4,058,967$1,574,799$20,200,860
89$38,653,552$4,140,563$1,510,261$22,045,249
90$42,475,226$4,222,463$1,439,867$24,073,618
91$46,682,900$4,304,565$1,363,304$26,304,704
92$51,315,826$4,386,759$1,280,245$28,759,154
93$56,417,256$4,468,925$1,190,348$31,459,729
94$62,034,848$4,550,935$1,093,257$34,431,512
95$68,221,121$4,632,649$988,599$37,702,149
96$75,033,942$4,713,916$875,985$41,302,111
97$82,537,081$4,794,575$755,007$45,264,980
98$90,800,805$4,874,451$625,242$49,627,768
99$99,902,545$4,953,356$486,245$54,431,269
100$109,927,624$5,031,090$337,553$59,720,442