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

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$146,165$144,863$143,593$142,353$141,142$136,460
2 years$72,359$71,011$69,705$68,439$67,211$62,539
3 years$47,760$46,407$45,104$43,849$42,641$38,127
4 years$35,463$34,114$32,824$31,591$30,412$26,089
5 years$28,087$26,746$25,473$24,265$23,119$18,999
6 years$23,171$21,840$20,586$19,405$18,293$14,380
7 years$19,661$18,341$17,107$15,954$14,877$11,170
8 years$17,030$15,722$14,508$13,383$12,342$8,838
9 years$14,984$13,689$12,496$11,400$10,394$7,089
10 years$13,349$12,066$10,894$9,827$8,856$5,745
11 years$12,012$10,741$9,591$8,552$7,616$4,693
12 years$10,898$9,641$8,512$7,501$6,600$3,858
13 years$9,957$8,713$7,605$6,623$5,756$3,188
14 years$9,150$7,920$6,833$5,879$5,045$2,645
15 years$8,452$7,235$6,169$5,243$4,442$2,201
16 years$7,842$6,638$5,593$4,694$3,926$1,837
17 years$7,304$6,113$5,090$4,218$3,481$1,537
18 years$6,826$5,649$4,646$3,801$3,095$1,288
19 years$6,399$5,235$4,253$3,435$2,759$1,081
20 years$6,016$4,865$3,904$3,111$2,464$909
21 years$5,669$4,531$3,590$2,823$2,205$764
22 years$5,354$4,230$3,309$2,567$1,977$644
23 years$5,067$3,956$3,055$2,338$1,774$542
24 years$4,805$3,707$2,826$2,132$1,595$457
25 years$4,563$3,478$2,617$1,947$1,435$386
26 years$4,341$3,269$2,427$1,780$1,293$326
27 years$4,135$3,077$2,254$1,630$1,166$275
28 years$3,945$2,899$2,095$1,493$1,052$232
29 years$3,768$2,735$1,950$1,369$950$196
30 years$3,603$2,583$1,816$1,257$858$166
31 years$3,449$2,442$1,693$1,154$776$140
32 years$3,305$2,310$1,580$1,061$702$118
33 years$3,170$2,188$1,475$975$635$100
34 years$3,043$2,074$1,378$897$575$85
35 years$2,924$1,967$1,289$826$521$72
36 years$2,811$1,867$1,205$761$472$61
37 years$2,705$1,773$1,128$701$428$51
38 years$2,605$1,685$1,057$646$388$43
39 years$2,510$1,602$990$596$352$37
40 years$2,420$1,524$928$550$319$31
41 years$2,335$1,451$870$507$289$26
42 years$2,253$1,382$816$468$263$22
43 years$2,176$1,317$766$432$238$19
44 years$2,103$1,255$719$399$216$16
45 years$2,033$1,197$675$368$196$13
46 years$1,966$1,142$634$340$178$11
47 years$1,903$1,090$596$314$162$10
48 years$1,842$1,040$560$290$147$8
49 years$1,784$993$526$268$134$7
50 years$1,728$949$495$248$121$6

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 $2,298 every year, while hoping to spend $43,411 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: 48/26/26 Blend
54$1,770,000$1,770,000$1,770,000$1,770,000
55$1,952,910$1,859,100$1,831,665$2,032,082
56$2,105,918$1,904,007$1,846,837$2,132,761
57$2,273,078$1,949,660$1,861,062$2,237,558
58$2,455,787$1,996,048$1,874,263$2,350,509
59$2,655,585$2,043,162$1,886,358$2,472,403
60$2,874,165$2,090,987$1,897,262$2,604,109
61$3,113,393$2,139,509$1,906,883$2,746,586
62$3,375,323$2,188,709$1,915,128$2,900,891
63$3,662,218$2,238,568$1,921,897$3,068,187
64$3,976,568$2,289,062$1,927,084$3,249,759
65$4,321,118$2,340,165$1,930,581$3,447,021
66$4,698,888$2,391,849$1,932,271$3,661,532
67$5,113,206$2,444,082$1,932,034$3,895,012
68$5,567,739$2,496,827$1,929,743$4,149,355
69$6,066,523$2,550,046$1,925,264$4,426,652
70$6,614,005$2,603,695$1,918,457$4,729,205
71$7,215,084$2,657,728$1,909,177$5,059,553
72$7,875,157$2,712,090$1,897,268$5,420,495
73$8,600,168$2,766,727$1,882,571$5,815,118
74$9,396,664$2,821,576$1,864,917$6,246,821
75$10,271,861$2,876,570$1,844,128$6,719,357
76$11,233,704$2,931,636$1,820,020$7,236,860
77$12,290,951$2,986,695$1,792,399$7,803,886
78$13,453,245$3,041,661$1,761,063$8,425,461
79$14,731,216$3,096,441$1,725,798$9,107,123
80$16,136,570$3,150,937$1,686,382$9,854,980
81$17,682,207$3,205,040$1,642,583$10,675,763
82$19,382,341$3,258,635$1,594,158$11,576,893
83$21,252,629$3,311,598$1,540,851$12,566,551
84$23,310,325$3,363,794$1,482,398$13,653,756
85$25,574,439$3,415,081$1,418,519$14,848,449
86$28,065,916$3,465,304$1,348,924$16,161,589
87$30,807,835$3,514,299$1,273,308$17,605,259
88$33,825,623$3,561,890$1,191,353$19,192,774
89$37,147,302$3,607,887$1,102,728$20,938,816
90$40,803,742$3,652,089$1,007,085$22,859,567
91$44,828,963$3,694,280$904,062$24,972,866
92$49,260,448$3,734,232$793,279$27,298,376
93$54,139,502$3,771,697$674,342$29,857,771
94$59,511,635$3,806,414$546,836$32,674,944
95$65,426,998$3,838,104$410,331$35,776,231
96$71,940,851$3,866,470$264,377$39,190,659
97$79,114,086$3,891,196$108,502$42,950,226
98$87,013,802$3,911,944$0$47,090,201
99$95,713,937$3,928,356$0$51,665,507
100$105,295,964$3,940,051$0$56,736,111