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%20%
1 years$147,817$146,500$145,215$143,961$142,737$137,020
2 years$73,176$71,814$70,493$69,212$67,970$62,282
3 years$48,300$46,931$45,614$44,345$43,123$37,643
4 years$35,864$34,499$33,195$31,948$30,756$25,525
5 years$28,404$27,048$25,761$24,539$23,380$18,413
6 years$23,433$22,087$20,818$19,624$18,500$13,799
7 years$19,883$18,548$17,300$16,134$15,045$10,609
8 years$17,222$15,899$14,672$13,534$12,482$8,305
9 years$15,153$13,843$12,637$11,528$10,511$6,588
10 years$13,500$12,202$11,017$9,938$8,956$5,278
11 years$12,147$10,863$9,699$8,649$7,703$4,262
12 years$11,021$9,750$8,608$7,586$6,675$3,462
13 years$10,069$8,811$7,691$6,697$5,821$2,825
14 years$9,254$8,009$6,910$5,945$5,102$2,315
15 years$8,548$7,316$6,239$5,302$4,492$1,902
16 years$7,930$6,713$5,656$4,747$3,970$1,567
17 years$7,386$6,182$5,147$4,265$3,520$1,293
18 years$6,903$5,713$4,699$3,844$3,130$1,069
19 years$6,472$5,294$4,301$3,473$2,790$885
20 years$6,084$4,920$3,948$3,146$2,492$734
21 years$5,733$4,583$3,631$2,855$2,230$609
22 years$5,415$4,278$3,347$2,596$1,999$506
23 years$5,125$4,001$3,090$2,364$1,794$420
24 years$4,859$3,748$2,858$2,156$1,613$349
25 years$4,615$3,518$2,647$1,969$1,451$290
26 years$4,390$3,306$2,455$1,801$1,307$241
27 years$4,182$3,111$2,279$1,648$1,179$201
28 years$3,990$2,932$2,119$1,510$1,064$167
29 years$3,810$2,766$1,972$1,385$960$139
30 years$3,644$2,612$1,837$1,271$868$116
31 years$3,488$2,469$1,712$1,167$785$97
32 years$3,342$2,336$1,598$1,073$710$80
33 years$3,206$2,213$1,492$986$642$67
34 years$3,077$2,097$1,394$908$581$56
35 years$2,957$1,989$1,303$835$527$46
36 years$2,843$1,888$1,219$769$477$39
37 years$2,736$1,793$1,141$709$432$32
38 years$2,634$1,704$1,069$653$392$27
39 years$2,538$1,620$1,001$602$356$22
40 years$2,447$1,542$938$556$323$19
41 years$2,361$1,468$880$513$293$16
42 years$2,279$1,398$825$473$265$13
43 years$2,201$1,332$774$437$241$11
44 years$2,127$1,269$727$403$219$9
45 years$2,056$1,210$683$372$199$7
46 years$1,989$1,155$641$344$180$6
47 years$1,924$1,102$602$318$164$5
48 years$1,863$1,052$566$294$149$4
49 years$1,804$1,005$532$271$135$4
50 years$1,748$960$500$251$123$3

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 $2,848 every year, while hoping to spend $22,629 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: 31/46/23 Blend
54$1,790,000$1,790,000$1,790,000$1,790,000
55$1,975,518$1,880,648$1,852,903$2,022,627
56$2,152,943$1,948,722$1,890,898$2,126,790
57$2,347,708$2,019,374$1,929,407$2,236,619
58$2,561,557$2,092,706$1,968,425$2,354,382
59$2,796,411$2,168,824$2,007,942$2,480,787
60$3,054,387$2,247,839$2,047,951$2,616,606
61$3,337,819$2,329,867$2,088,442$2,762,692
62$3,649,275$2,415,029$2,129,403$2,919,977
63$3,991,586$2,503,451$2,170,823$3,089,487
64$4,367,871$2,595,262$2,212,688$3,272,346
65$4,781,564$2,690,601$2,254,984$3,469,791
66$5,236,452$2,789,609$2,297,694$3,683,179
67$5,736,704$2,892,433$2,340,801$3,914,003
68$6,286,915$2,999,230$2,384,285$4,163,902
69$6,892,147$3,110,159$2,428,125$4,434,678
70$7,557,977$3,225,388$2,472,299$4,728,312
71$8,290,552$3,345,093$2,516,782$5,046,983
72$9,096,641$3,469,456$2,561,547$5,393,085
73$9,983,706$3,598,666$2,606,566$5,769,252
74$10,959,967$3,732,923$2,651,809$6,178,380
75$12,034,481$3,872,434$2,697,242$6,623,656
76$13,217,227$4,017,413$2,742,829$7,108,586
77$14,519,204$4,168,086$2,788,533$7,637,024
78$15,952,528$4,324,687$2,834,314$8,213,215
79$17,530,550$4,487,461$2,880,128$8,841,827
80$19,267,983$4,656,663$2,925,929$9,527,998
81$21,181,037$4,832,560$2,971,668$10,277,384
82$23,287,576$5,015,428$3,017,292$11,096,208
83$25,607,284$5,205,559$3,062,746$11,991,322
84$28,161,849$5,403,254$3,107,970$12,970,267
85$30,975,173$5,608,828$3,152,902$14,041,345
86$34,073,591$5,822,612$3,197,475$15,213,696
87$37,486,125$6,044,947$3,241,618$16,497,384
88$41,244,754$6,276,194$3,285,256$17,903,488
89$45,384,717$6,516,725$3,328,310$19,444,208
90$49,944,845$6,766,932$3,370,696$21,132,980
91$54,967,930$7,027,222$3,412,325$22,984,597
92$60,501,123$7,298,020$3,453,102$25,015,349
93$66,596,386$7,579,772$3,492,929$27,243,180
94$73,310,976$7,872,939$3,531,702$29,687,847
95$80,707,990$8,178,008$3,569,308$32,371,115
96$88,856,957$8,495,482$3,605,632$35,316,951
97$97,834,497$8,825,891$3,640,550$38,551,755
98$107,725,040$9,169,784$3,673,934$42,104,608
99$118,621,629$9,527,738$3,705,645$46,007,539
100$130,626,792$9,900,354$3,735,541$50,295,829