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

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$150,294$148,955$147,649$146,374$145,129$143,494
2 years$74,403$73,017$71,674$70,372$69,109$67,463
3 years$49,109$47,718$46,378$45,088$43,846$42,240
4 years$36,465$35,077$33,751$32,483$31,271$29,718
5 years$28,880$27,501$26,192$24,950$23,772$22,276
6 years$23,825$22,457$21,167$19,953$18,810$17,372
7 years$20,216$18,859$17,590$16,405$15,297$13,919
8 years$17,511$16,166$14,918$13,761$12,691$11,372
9 years$15,407$14,075$12,849$11,722$10,687$9,428
10 years$13,726$12,407$11,202$10,104$9,106$7,904
11 years$12,351$11,045$9,862$8,794$7,832$6,687
12 years$11,206$9,913$8,752$7,713$6,787$5,698
13 years$10,238$8,959$7,820$6,810$5,918$4,884
14 years$9,409$8,143$7,026$6,045$5,188$4,206
15 years$8,691$7,439$6,343$5,391$4,568$3,638
16 years$8,063$6,825$5,751$4,827$4,037$3,157
17 years$7,510$6,286$5,233$4,337$3,579$2,747
18 years$7,019$5,808$4,777$3,908$3,183$2,397
19 years$6,580$5,383$4,373$3,532$2,837$2,096
20 years$6,186$5,002$4,014$3,199$2,534$1,836
21 years$5,829$4,659$3,692$2,903$2,268$1,611
22 years$5,505$4,349$3,403$2,639$2,033$1,415
23 years$5,210$4,068$3,142$2,404$1,825$1,245
24 years$4,940$3,811$2,906$2,192$1,640$1,096
25 years$4,692$3,577$2,691$2,002$1,476$966
26 years$4,464$3,362$2,496$1,831$1,329$852
27 years$4,252$3,164$2,318$1,676$1,198$752
28 years$4,056$2,981$2,155$1,535$1,081$664
29 years$3,874$2,812$2,005$1,408$976$587
30 years$3,705$2,656$1,868$1,292$882$519
31 years$3,546$2,511$1,741$1,187$798$459
32 years$3,398$2,376$1,624$1,091$722$406
33 years$3,259$2,250$1,517$1,003$653$359
34 years$3,129$2,132$1,417$923$591$318
35 years$3,006$2,022$1,325$849$535$282
36 years$2,891$1,920$1,239$782$485$250
37 years$2,781$1,823$1,160$721$440$221
38 years$2,678$1,733$1,086$664$399$196
39 years$2,581$1,648$1,018$613$362$174
40 years$2,488$1,568$954$565$328$154
41 years$2,400$1,492$895$521$297$136
42 years$2,317$1,421$839$481$270$121
43 years$2,238$1,354$787$444$245$107
44 years$2,162$1,291$739$410$222$95
45 years$2,091$1,231$694$379$202$84
46 years$2,022$1,174$652$350$183$75
47 years$1,957$1,120$612$323$166$66
48 years$1,894$1,070$575$299$151$59
49 years$1,834$1,021$541$276$137$52
50 years$1,777$976$509$255$125$46

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 $5,331 every year, while hoping to spend $57,850 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: 59/35/6 Blend
54$1,820,000$1,820,000$1,820,000$1,820,000
55$2,011,139$1,914,679$1,886,469$2,127,120
56$2,154,723$1,946,946$1,888,114$2,237,745
57$2,311,014$1,978,856$1,887,875$2,351,216
58$2,481,247$2,010,329$1,885,628$2,473,473
59$2,666,780$2,041,281$1,881,242$2,605,359
60$2,869,110$2,071,622$1,874,582$2,747,805
61$3,089,883$2,101,255$1,865,504$2,901,838
62$3,330,910$2,130,076$1,853,858$3,068,588
63$3,594,186$2,157,973$1,839,486$3,249,302
64$3,881,908$2,184,829$1,822,223$3,445,354
65$4,196,493$2,210,515$1,801,898$3,658,258
66$4,540,602$2,234,897$1,778,328$3,889,684
67$4,917,166$2,257,830$1,751,325$4,141,474
68$5,329,412$2,279,159$1,720,690$4,415,656
69$5,780,895$2,298,721$1,686,216$4,714,468
70$6,275,527$2,316,339$1,647,685$5,040,378
71$6,817,619$2,331,827$1,604,870$5,396,104
72$7,411,916$2,344,987$1,557,533$5,784,646
73$8,063,647$2,355,607$1,505,426$6,209,309
74$8,778,570$2,363,463$1,448,289$6,673,739
75$9,563,027$2,368,315$1,385,849$7,181,955
76$10,424,002$2,369,910$1,317,822$7,738,389
77$11,369,193$2,367,977$1,243,911$8,347,926
78$12,407,073$2,362,231$1,163,805$9,015,953
79$13,546,982$2,352,367$1,077,180$9,748,410
80$14,799,204$2,338,064$983,696$10,551,846
81$16,175,072$2,318,978$882,998$11,433,480
82$17,687,068$2,294,747$774,718$12,401,272
83$19,348,946$2,264,985$658,467$13,464,001
84$21,175,855$2,229,286$533,842$14,631,341
85$23,184,488$2,187,218$400,422$15,913,962
86$25,393,236$2,138,322$257,767$17,323,626
87$27,822,361$2,082,114$105,416$18,873,300
88$30,494,184$2,018,080$0$20,577,280
89$33,433,303$1,945,678$0$22,454,989
90$36,666,817$1,864,333$0$24,527,583
91$40,224,583$1,773,436$0$26,807,495
92$44,139,501$1,672,345$0$29,315,880
93$48,447,819$1,560,378$0$32,076,056
94$53,189,476$1,436,817$0$35,113,728
95$58,408,483$1,300,901$0$38,457,229
96$64,153,329$1,151,826$0$42,137,792
97$70,477,445$988,742$0$46,189,846
98$77,439,706$810,752$0$50,651,340
99$85,104,985$616,908$0$55,564,105
100$93,544,765$406,209$0$60,974,250