Can I retire at age 55 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$146,991$145,681$144,404$143,157$141,940$139,992
2 years$72,768$71,412$70,099$68,826$67,590$65,632
3 years$48,030$46,669$45,359$44,097$42,882$40,973
4 years$35,663$34,307$33,010$31,770$30,584$28,739
5 years$28,246$26,897$25,617$24,402$23,249$21,475
6 years$23,302$21,963$20,702$19,515$18,396$16,694
7 years$19,772$18,445$17,204$16,044$14,961$13,331
8 years$17,126$15,810$14,590$13,459$12,412$10,854
9 years$15,069$13,766$12,566$11,464$10,453$8,966
10 years$13,424$12,134$10,956$9,882$8,906$7,490
11 years$12,079$10,802$9,645$8,600$7,660$6,313
12 years$10,960$9,695$8,560$7,544$6,638$5,359
13 years$10,013$8,762$7,648$6,660$5,788$4,575
14 years$9,202$7,964$6,871$5,912$5,074$3,925
15 years$8,500$7,275$6,204$5,272$4,467$3,380
16 years$7,886$6,675$5,625$4,721$3,948$2,921
17 years$7,345$6,148$5,118$4,242$3,501$2,532
18 years$6,865$5,681$4,672$3,823$3,113$2,199
19 years$6,436$5,265$4,277$3,454$2,774$1,915
20 years$6,050$4,892$3,926$3,128$2,478$1,670
21 years$5,701$4,557$3,611$2,839$2,218$1,458
22 years$5,384$4,254$3,328$2,581$1,988$1,275
23 years$5,096$3,978$3,073$2,351$1,784$1,117
24 years$4,832$3,728$2,842$2,144$1,604$979
25 years$4,589$3,498$2,632$1,958$1,443$859
26 years$4,366$3,288$2,441$1,790$1,300$754
27 years$4,159$3,094$2,267$1,639$1,172$662
28 years$3,967$2,916$2,107$1,502$1,058$582
29 years$3,789$2,750$1,961$1,377$955$512
30 years$3,623$2,598$1,827$1,264$863$450
31 years$3,468$2,456$1,703$1,161$780$396
32 years$3,324$2,323$1,589$1,067$706$349
33 years$3,188$2,200$1,483$981$639$307
34 years$3,060$2,085$1,386$902$578$271
35 years$2,940$1,978$1,296$831$524$238
36 years$2,827$1,877$1,212$765$475$210
37 years$2,720$1,783$1,135$705$430$185
38 years$2,619$1,695$1,063$650$390$163
39 years$2,524$1,611$995$599$354$144
40 years$2,434$1,533$933$553$321$127
41 years$2,348$1,459$875$510$291$112
42 years$2,266$1,390$821$471$264$99
43 years$2,189$1,324$770$434$240$87
44 years$2,115$1,262$723$401$217$77
45 years$2,045$1,204$679$370$197$68
46 years$1,978$1,148$638$342$179$60
47 years$1,914$1,096$599$316$163$53
48 years$1,852$1,046$563$292$148$47
49 years$1,794$999$529$270$134$41
50 years$1,738$954$497$250$122$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,780,000, adding $4,532 every year, while hoping to spend $54,377 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: 52/39/9 Blend
54$1,780,000$1,780,000$1,780,000$1,780,000
55$1,966,235$1,871,895$1,844,305$2,063,739
56$2,108,934$1,905,761$1,848,232$2,164,432
57$2,264,366$1,939,464$1,850,469$2,267,634
58$2,433,772$1,972,939$1,850,900$2,378,586
59$2,618,519$2,006,114$1,849,407$2,498,033
60$2,820,109$2,038,916$1,845,864$2,626,793
61$3,040,199$2,071,261$1,840,139$2,765,768
62$3,280,610$2,103,063$1,832,094$2,915,955
63$3,543,347$2,134,228$1,821,584$3,078,451
64$3,830,619$2,164,656$1,808,458$3,254,467
65$4,144,857$2,194,239$1,792,556$3,445,337
66$4,488,738$2,222,862$1,773,712$3,652,533
67$4,865,209$2,250,403$1,751,752$3,877,678
68$5,277,518$2,276,730$1,726,493$4,122,561
69$5,729,237$2,301,702$1,697,743$4,389,155
70$6,224,305$2,325,171$1,665,303$4,679,638
71$6,767,056$2,346,976$1,628,962$4,996,408
72$7,362,265$2,366,948$1,588,502$5,342,112
73$8,015,193$2,384,905$1,543,694$5,719,669
74$8,731,631$2,400,654$1,494,296$6,132,297
75$9,517,961$2,413,989$1,440,059$6,583,546
76$10,381,212$2,424,693$1,380,719$7,077,330
77$11,329,125$2,432,532$1,316,002$7,617,964
78$12,370,229$2,437,260$1,245,622$8,210,209
79$13,513,921$2,438,614$1,169,279$8,859,314
80$14,770,550$2,436,316$1,086,659$9,571,067
81$16,151,518$2,430,068$997,434$10,351,850
82$17,669,389$2,419,556$901,264$11,208,702
83$19,338,000$2,404,448$797,789$12,149,384
84$21,172,598$2,384,389$686,638$13,182,454
85$23,189,983$2,359,003$567,420$14,317,348
86$25,408,661$2,327,894$439,729$15,564,472
87$27,849,023$2,290,640$303,138$16,935,299
88$30,533,536$2,246,794$157,206$18,442,478
89$33,486,952$2,195,882$1,467$20,099,959
90$36,736,545$2,137,404$0$21,923,119
91$40,312,365$2,070,829$0$23,944,736
92$44,247,522$1,995,596$0$26,168,864
93$48,578,499$1,911,110$0$28,616,024
94$53,345,495$1,816,742$0$31,308,994
95$58,592,801$1,711,829$0$34,272,883
96$64,369,224$1,595,666$0$37,535,372
97$70,728,541$1,467,509$0$41,126,972
98$77,730,008$1,326,573$0$45,081,319
99$85,438,920$1,172,027$0$49,435,488
100$93,927,225$1,002,991$0$54,230,349