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%
1 years$146,165$144,863$143,593$142,353$141,142$136,570
2 years$72,359$71,011$69,705$68,439$67,211$62,647
3 years$47,760$46,407$45,104$43,849$42,641$38,229
4 years$35,463$34,114$32,824$31,591$30,412$26,186
5 years$28,087$26,746$25,473$24,265$23,119$19,089
6 years$23,171$21,840$20,586$19,405$18,293$14,464
7 years$19,661$18,341$17,107$15,954$14,877$11,248
8 years$17,030$15,722$14,508$13,383$12,342$8,910
9 years$14,984$13,689$12,496$11,400$10,394$7,156
10 years$13,349$12,066$10,894$9,827$8,856$5,806
11 years$12,012$10,741$9,591$8,552$7,616$4,749
12 years$10,898$9,641$8,512$7,501$6,600$3,910
13 years$9,957$8,713$7,605$6,623$5,756$3,235
14 years$9,150$7,920$6,833$5,879$5,045$2,687
15 years$8,452$7,235$6,169$5,243$4,442$2,240
16 years$7,842$6,638$5,593$4,694$3,926$1,872
17 years$7,304$6,113$5,090$4,218$3,481$1,569
18 years$6,826$5,649$4,646$3,801$3,095$1,316
19 years$6,399$5,235$4,253$3,435$2,759$1,107
20 years$6,016$4,865$3,904$3,111$2,464$931
21 years$5,669$4,531$3,590$2,823$2,205$785
22 years$5,354$4,230$3,309$2,567$1,977$662
23 years$5,067$3,956$3,055$2,338$1,774$559
24 years$4,805$3,707$2,826$2,132$1,595$472
25 years$4,563$3,478$2,617$1,947$1,435$399
26 years$4,341$3,269$2,427$1,780$1,293$337
27 years$4,135$3,077$2,254$1,630$1,166$285
28 years$3,945$2,899$2,095$1,493$1,052$241
29 years$3,768$2,735$1,950$1,369$950$204
30 years$3,603$2,583$1,816$1,257$858$173
31 years$3,449$2,442$1,693$1,154$776$146
32 years$3,305$2,310$1,580$1,061$702$124
33 years$3,170$2,188$1,475$975$635$105
34 years$3,043$2,074$1,378$897$575$89
35 years$2,924$1,967$1,289$826$521$75
36 years$2,811$1,867$1,205$761$472$64
37 years$2,705$1,773$1,128$701$428$54
38 years$2,605$1,685$1,057$646$388$46
39 years$2,510$1,602$990$596$352$39
40 years$2,420$1,524$928$550$319$33
41 years$2,335$1,451$870$507$289$28
42 years$2,253$1,382$816$468$263$24
43 years$2,176$1,317$766$432$238$20
44 years$2,103$1,255$719$399$216$17
45 years$2,033$1,197$675$368$196$14
46 years$1,966$1,142$634$340$178$12
47 years$1,903$1,090$596$314$162$10
48 years$1,842$1,040$560$290$147$9
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 $6,269 every year, while hoping to spend $59,205 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: 50/37/13 Blend
54$1,770,000$1,770,000$1,770,000$1,770,000
55$1,957,006$1,863,196$1,835,761$2,047,642
56$2,093,627$1,891,499$1,834,266$2,138,808
57$2,242,200$1,919,205$1,830,736$2,231,096
58$2,403,879$1,946,221$1,825,041$2,330,053
59$2,579,939$1,972,450$1,817,043$2,436,323
60$2,771,779$1,997,786$1,806,601$2,550,617
61$2,980,940$2,022,118$1,793,561$2,673,722
62$3,209,118$2,045,324$1,777,768$2,806,504
63$3,458,181$2,067,277$1,759,056$2,949,919
64$3,730,182$2,087,841$1,737,252$3,105,025
65$4,027,385$2,106,869$1,712,174$3,272,987
66$4,352,279$2,124,207$1,683,632$3,455,091
67$4,707,607$2,139,688$1,651,429$3,652,757
68$5,096,386$2,153,136$1,615,356$3,867,553
69$5,521,943$2,164,365$1,575,195$4,101,208
70$5,987,936$2,173,174$1,530,719$4,355,633
71$6,498,398$2,179,352$1,481,690$4,632,932
72$7,057,766$2,182,672$1,427,859$4,935,433
73$7,670,932$2,182,896$1,368,966$5,265,701
74$8,343,278$2,179,769$1,304,737$5,626,568
75$9,080,736$2,173,021$1,234,889$6,021,159
76$9,889,837$2,162,366$1,159,125$6,452,921
77$10,777,777$2,147,499$1,077,132$6,925,661
78$11,752,481$2,128,097$988,587$7,443,575
79$12,822,679$2,103,818$893,149$8,011,297
80$13,997,988$2,074,301$790,465$8,633,937
81$15,289,001$2,039,160$680,164$9,317,134
82$16,707,389$1,997,989$561,859$10,067,107
83$18,266,008$1,950,356$435,147$10,890,721
84$19,979,022$1,895,804$299,606$11,795,545
85$21,862,035$1,833,851$154,795$12,789,930
86$23,932,237$1,763,984$255$13,883,090
87$26,208,569$1,685,663$0$15,085,184
88$28,711,896$1,598,314$0$16,430,264
89$31,465,210$1,501,331$0$17,909,372
90$34,493,840$1,394,075$0$19,536,181
91$37,825,693$1,275,867$0$21,325,806
92$41,491,521$1,145,991$0$23,294,911
93$45,525,203$1,003,691$0$25,461,870
94$49,964,069$848,168$0$27,846,941
95$54,849,251$678,575$0$30,472,460
96$60,226,071$494,021$0$33,363,052
97$66,144,465$293,563$0$36,545,866
98$72,659,459$76,206$0$40,050,833
99$79,831,682$0$0$43,910,954
100$87,727,941$0$0$48,227,385