Can I retire at age 55 with 1,820,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$150,294$148,955$147,649$146,374$145,129$140,709
2 years$74,403$73,017$71,674$70,372$69,109$64,694
3 years$49,109$47,718$46,378$45,088$43,846$39,574
4 years$36,465$35,077$33,751$32,483$31,271$27,175
5 years$28,880$27,501$26,192$24,950$23,772$19,863
6 years$23,825$22,457$21,167$19,953$18,810$15,092
7 years$20,216$18,859$17,590$16,405$15,297$11,770
8 years$17,511$16,166$14,918$13,761$12,691$9,351
9 years$15,407$14,075$12,849$11,722$10,687$7,532
10 years$13,726$12,407$11,202$10,104$9,106$6,131
11 years$12,351$11,045$9,862$8,794$7,832$5,031
12 years$11,206$9,913$8,752$7,713$6,787$4,156
13 years$10,238$8,959$7,820$6,810$5,918$3,450
14 years$9,409$8,143$7,026$6,045$5,188$2,876
15 years$8,691$7,439$6,343$5,391$4,568$2,406
16 years$8,063$6,825$5,751$4,827$4,037$2,018
17 years$7,510$6,286$5,233$4,337$3,579$1,697
18 years$7,019$5,808$4,777$3,908$3,183$1,430
19 years$6,580$5,383$4,373$3,532$2,837$1,206
20 years$6,186$5,002$4,014$3,199$2,534$1,019
21 years$5,829$4,659$3,692$2,903$2,268$862
22 years$5,505$4,349$3,403$2,639$2,033$730
23 years$5,210$4,068$3,142$2,404$1,825$618
24 years$4,940$3,811$2,906$2,192$1,640$524
25 years$4,692$3,577$2,691$2,002$1,476$445
26 years$4,464$3,362$2,496$1,831$1,329$378
27 years$4,252$3,164$2,318$1,676$1,198$321
28 years$4,056$2,981$2,155$1,535$1,081$272
29 years$3,874$2,812$2,005$1,408$976$231
30 years$3,705$2,656$1,868$1,292$882$197
31 years$3,546$2,511$1,741$1,187$798$167
32 years$3,398$2,376$1,624$1,091$722$142
33 years$3,259$2,250$1,517$1,003$653$121
34 years$3,129$2,132$1,417$923$591$103
35 years$3,006$2,022$1,325$849$535$87
36 years$2,891$1,920$1,239$782$485$74
37 years$2,781$1,823$1,160$721$440$63
38 years$2,678$1,733$1,086$664$399$54
39 years$2,581$1,648$1,018$613$362$46
40 years$2,488$1,568$954$565$328$39
41 years$2,400$1,492$895$521$297$33
42 years$2,317$1,421$839$481$270$28
43 years$2,238$1,354$787$444$245$24
44 years$2,162$1,291$739$410$222$20
45 years$2,091$1,231$694$379$202$17
46 years$2,022$1,174$652$350$183$15
47 years$1,957$1,120$612$323$166$13
48 years$1,894$1,070$575$299$151$11
49 years$1,834$1,021$541$276$137$9
50 years$1,777$976$509$255$125$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,820,000, adding $5,190 every year, while hoping to spend $27,118 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: 57/22/21 Blend
54$1,820,000$1,820,000$1,820,000$1,820,000
55$2,010,993$1,914,533$1,886,323$2,114,013
56$2,187,261$1,979,492$1,920,662$2,249,776
57$2,380,600$2,046,725$1,955,242$2,394,310
58$2,592,721$2,116,315$1,990,043$2,551,236
59$2,825,512$2,188,348$2,025,042$2,721,754
60$3,081,050$2,262,912$2,060,217$2,907,186
61$3,361,624$2,340,102$2,095,541$3,108,984
62$3,669,755$2,420,012$2,130,987$3,328,749
63$4,008,221$2,502,744$2,166,526$3,568,242
64$4,380,081$2,588,400$2,202,126$3,829,402
65$4,788,706$2,677,088$2,237,754$4,114,364
66$5,237,809$2,768,920$2,273,374$4,425,479
67$5,731,481$2,864,013$2,308,948$4,765,334
68$6,274,229$2,962,487$2,344,435$5,136,781
69$6,871,020$3,064,467$2,379,792$5,542,958
70$7,527,322$3,170,085$2,414,973$5,987,321
71$8,249,164$3,279,474$2,449,930$6,473,677
72$9,043,187$3,392,777$2,484,611$7,006,220
73$9,916,707$3,510,138$2,518,961$7,589,566
74$10,877,787$3,631,710$2,552,921$8,228,803
75$11,935,308$3,757,651$2,586,431$8,929,532
76$13,099,058$3,888,125$2,619,425$9,697,926
77$14,379,821$4,023,301$2,651,835$10,540,783
78$15,789,478$4,163,358$2,683,587$11,465,591
79$17,341,122$4,308,480$2,714,604$12,480,600
80$19,049,179$4,458,858$2,744,806$13,594,899
81$20,929,544$4,614,691$2,774,106$14,818,499
82$22,999,734$4,776,187$2,802,414$16,162,432
83$25,279,046$4,943,560$2,829,635$17,638,848
84$27,788,749$5,117,035$2,855,668$19,261,137
85$30,552,276$5,296,844$2,880,407$21,044,049
86$33,595,448$5,483,229$2,903,741$23,003,835
87$36,946,720$5,676,443$2,925,552$25,158,401
88$40,637,443$5,876,747$2,945,716$27,527,475
89$44,702,169$6,084,414$2,964,104$30,132,795
90$49,178,968$6,299,728$2,980,579$32,998,308
91$54,109,790$6,522,982$2,994,996$36,150,406
92$59,540,866$6,754,486$3,007,206$39,618,162
93$65,523,136$6,994,557$3,017,048$43,433,616
94$72,112,734$7,243,528$3,024,358$47,632,067
95$79,371,517$7,501,745$3,028,958$52,252,413
96$87,367,650$7,769,569$3,030,666$57,337,515
97$96,176,245$8,047,373$3,029,289$62,934,597
98$105,880,076$8,335,548$3,024,624$69,095,701
99$116,570,355$8,634,501$3,016,459$75,878,166
100$128,347,592$8,944,653$3,004,572$83,345,179