Can I retire at age 55 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$147,817$146,500$145,215$143,961$142,737$138,501
2 years$73,176$71,814$70,493$69,212$67,970$63,737
3 years$48,300$46,931$45,614$44,345$43,123$39,026
4 years$35,864$34,499$33,195$31,948$30,756$26,826
5 years$28,404$27,048$25,761$24,539$23,380$19,629
6 years$23,433$22,087$20,818$19,624$18,500$14,930
7 years$19,883$18,548$17,300$16,134$15,045$11,657
8 years$17,222$15,899$14,672$13,534$12,482$9,272
9 years$15,153$13,843$12,637$11,528$10,511$7,478
10 years$13,500$12,202$11,017$9,938$8,956$6,095
11 years$12,147$10,863$9,699$8,649$7,703$5,008
12 years$11,021$9,750$8,608$7,586$6,675$4,142
13 years$10,069$8,811$7,691$6,697$5,821$3,443
14 years$9,254$8,009$6,910$5,945$5,102$2,874
15 years$8,548$7,316$6,239$5,302$4,492$2,408
16 years$7,930$6,713$5,656$4,747$3,970$2,023
17 years$7,386$6,182$5,147$4,265$3,520$1,703
18 years$6,903$5,713$4,699$3,844$3,130$1,437
19 years$6,472$5,294$4,301$3,473$2,790$1,214
20 years$6,084$4,920$3,948$3,146$2,492$1,027
21 years$5,733$4,583$3,631$2,855$2,230$870
22 years$5,415$4,278$3,347$2,596$1,999$738
23 years$5,125$4,001$3,090$2,364$1,794$626
24 years$4,859$3,748$2,858$2,156$1,613$532
25 years$4,615$3,518$2,647$1,969$1,451$452
26 years$4,390$3,306$2,455$1,801$1,307$384
27 years$4,182$3,111$2,279$1,648$1,179$327
28 years$3,990$2,932$2,119$1,510$1,064$278
29 years$3,810$2,766$1,972$1,385$960$237
30 years$3,644$2,612$1,837$1,271$868$201
31 years$3,488$2,469$1,712$1,167$785$172
32 years$3,342$2,336$1,598$1,073$710$146
33 years$3,206$2,213$1,492$986$642$124
34 years$3,077$2,097$1,394$908$581$106
35 years$2,957$1,989$1,303$835$527$90
36 years$2,843$1,888$1,219$769$477$77
37 years$2,736$1,793$1,141$709$432$66
38 years$2,634$1,704$1,069$653$392$56
39 years$2,538$1,620$1,001$602$356$48
40 years$2,447$1,542$938$556$323$41
41 years$2,361$1,468$880$513$293$35
42 years$2,279$1,398$825$473$265$29
43 years$2,201$1,332$774$437$241$25
44 years$2,127$1,269$727$403$219$21
45 years$2,056$1,210$683$372$199$18
46 years$1,989$1,155$641$344$180$16
47 years$1,924$1,102$602$318$164$13
48 years$1,863$1,052$566$294$149$11
49 years$1,804$1,005$532$271$135$10
50 years$1,748$960$500$251$123$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,790,000, adding $3,753 every year, while hoping to spend $20,629 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: 77/8/15 Blend
54$1,790,000$1,790,000$1,790,000$1,790,000
55$1,976,451$1,881,581$1,853,836$2,122,053
56$2,156,100$1,951,830$1,893,991$2,288,871
57$2,353,382$2,024,829$1,934,799$2,468,785
58$2,570,073$2,100,692$1,976,261$2,665,513
59$2,808,131$2,179,536$2,018,376$2,880,725
60$3,069,713$2,261,485$2,061,144$3,116,260
61$3,357,192$2,346,667$2,104,561$3,374,146
62$3,673,188$2,435,216$2,148,626$3,656,614
63$4,020,582$2,527,270$2,193,334$3,966,121
64$4,402,551$2,622,977$2,238,681$4,305,373
65$4,822,595$2,722,486$2,284,660$4,677,354
66$5,284,570$2,825,958$2,331,266$5,085,346
67$5,792,723$2,933,557$2,378,491$5,532,968
68$6,351,735$3,045,456$2,426,325$6,024,203
69$6,966,764$3,161,835$2,474,758$6,563,442
70$7,643,490$3,282,881$2,523,779$7,155,520
71$8,388,176$3,408,792$2,573,375$7,805,764
72$9,207,718$3,539,771$2,623,531$8,520,042
73$10,109,718$3,676,033$2,674,232$9,304,819
74$11,102,551$3,817,800$2,725,461$10,167,219
75$12,195,444$3,965,305$2,777,197$11,115,087
76$13,398,566$4,118,791$2,829,419$12,157,070
77$14,723,121$4,278,513$2,882,106$13,302,692
78$16,181,455$4,444,736$2,935,232$14,562,447
79$17,787,170$4,617,735$2,988,769$15,947,898
80$19,555,257$4,797,800$3,042,689$17,471,785
81$21,502,234$4,985,233$3,096,960$19,148,142
82$23,646,302$5,180,349$3,151,547$20,992,437
83$26,007,516$5,383,477$3,206,415$23,021,709
84$28,607,976$5,594,960$3,261,524$25,254,735
85$31,472,035$5,815,159$3,316,831$27,712,201
86$34,626,529$6,044,449$3,372,291$30,416,903
87$38,101,028$6,283,220$3,427,856$33,393,960
88$41,928,118$6,531,883$3,483,474$36,671,047
89$46,143,706$6,790,865$3,539,090$40,278,661
90$50,787,359$7,060,613$3,594,645$44,250,404
91$55,902,681$7,341,594$3,650,077$48,623,306
92$61,537,719$7,634,296$3,705,318$53,438,167
93$67,745,418$7,939,228$3,760,299$58,739,947
94$74,584,125$8,256,924$3,814,943$64,578,186
95$82,118,133$8,587,941$3,869,170$71,007,475
96$90,418,292$8,932,860$3,922,897$78,087,970
97$99,562,677$9,292,289$3,976,034$85,885,956
98$109,637,323$9,666,865$4,028,484$94,474,478
99$120,737,040$10,057,251$4,080,148$103,934,024
100$132,966,305$10,464,143$4,130,919$114,353,291