Can I retire at age 55 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$151,120$149,774$148,460$147,178$145,927$142,805
2 years$74,812$73,418$72,068$70,759$69,489$66,359
3 years$49,379$47,980$46,633$45,336$44,087$41,047
4 years$36,665$35,270$33,937$32,662$31,443$28,516
5 years$29,039$27,652$26,336$25,088$23,902$21,097
6 years$23,956$22,580$21,284$20,063$18,913$16,231
7 years$20,327$18,963$17,687$16,495$15,381$12,825
8 years$17,607$16,255$15,000$13,837$12,760$10,327
9 years$15,492$14,153$12,919$11,786$10,746$8,435
10 years$13,801$12,475$11,263$10,160$9,156$6,965
11 years$12,419$11,106$9,916$8,842$7,875$5,800
12 years$11,267$9,968$8,800$7,756$6,824$4,864
13 years$10,294$9,008$7,862$6,847$5,951$4,101
14 years$9,460$8,188$7,064$6,078$5,216$3,473
15 years$8,739$7,480$6,378$5,421$4,593$2,952
16 years$8,108$6,863$5,783$4,853$4,059$2,518
17 years$7,551$6,320$5,262$4,361$3,599$2,153
18 years$7,058$5,840$4,804$3,930$3,200$1,844
19 years$6,616$5,413$4,398$3,551$2,852$1,583
20 years$6,220$5,030$4,036$3,216$2,548$1,361
21 years$5,861$4,685$3,712$2,919$2,280$1,172
22 years$5,536$4,373$3,421$2,654$2,044$1,010
23 years$5,239$4,090$3,159$2,417$1,835$872
24 years$4,967$3,832$2,922$2,204$1,649$753
25 years$4,718$3,596$2,706$2,013$1,484$650
26 years$4,488$3,380$2,510$1,841$1,337$562
27 years$4,276$3,181$2,330$1,685$1,205$486
28 years$4,079$2,997$2,166$1,544$1,087$421
29 years$3,896$2,828$2,016$1,416$982$365
30 years$3,725$2,670$1,878$1,299$887$316
31 years$3,566$2,524$1,751$1,193$802$274
32 years$3,417$2,389$1,633$1,097$726$237
33 years$3,277$2,262$1,525$1,008$657$205
34 years$3,146$2,144$1,425$928$594$178
35 years$3,023$2,034$1,332$854$538$154
36 years$2,906$1,930$1,246$787$488$134
37 years$2,797$1,833$1,167$725$442$116
38 years$2,693$1,742$1,092$668$401$101
39 years$2,595$1,657$1,023$616$364$87
40 years$2,502$1,576$959$568$330$76
41 years$2,414$1,500$899$524$299$66
42 years$2,330$1,429$844$484$271$57
43 years$2,250$1,361$792$447$246$50
44 years$2,174$1,298$743$412$224$43
45 years$2,102$1,237$698$381$203$37
46 years$2,033$1,181$655$352$184$32
47 years$1,967$1,127$616$325$167$28
48 years$1,904$1,075$579$300$152$24
49 years$1,844$1,027$544$278$138$21
50 years$1,787$981$511$257$125$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,830,000, adding $6,963 every year, while hoping to spend $56,919 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: 31/47/22 Blend
54$1,830,000$1,830,000$1,830,000$1,830,000
55$2,023,842$1,926,852$1,898,487$2,072,595
56$2,169,713$1,960,707$1,901,525$2,144,010
57$2,328,555$1,994,312$1,902,757$2,215,241
58$2,501,630$2,027,597$1,902,063$2,290,741
59$2,690,330$2,060,482$1,899,315$2,370,920
60$2,896,183$2,092,886$1,894,382$2,456,227
61$3,120,874$2,124,717$1,887,124$2,547,164
62$3,366,256$2,155,881$1,877,395$2,644,282
63$3,634,368$2,186,273$1,865,042$2,748,193
64$3,927,458$2,215,785$1,849,906$2,859,574
65$4,247,998$2,244,298$1,831,817$2,979,173
66$4,598,712$2,271,686$1,810,600$3,107,819
67$4,982,596$2,297,815$1,786,071$3,246,428
68$5,402,954$2,322,541$1,758,038$3,396,014
69$5,863,420$2,345,710$1,726,297$3,557,696
70$6,367,999$2,367,160$1,690,638$3,732,715
71$6,921,100$2,386,716$1,650,839$3,922,441
72$7,527,580$2,404,192$1,606,670$4,128,389
73$8,192,787$2,419,392$1,557,887$4,352,233
74$8,922,613$2,432,104$1,504,239$4,595,826
75$9,723,548$2,442,105$1,445,459$4,861,214
76$10,602,739$2,449,157$1,381,271$5,150,659
77$11,568,060$2,453,008$1,311,385$5,466,661
78$12,628,185$2,453,388$1,235,499$5,811,981
79$13,792,668$2,450,013$1,153,297$6,189,672
80$15,072,036$2,442,579$1,064,448$6,603,104
81$16,477,884$2,430,765$968,607$7,056,003
82$18,022,985$2,414,230$865,413$7,552,482
83$19,721,414$2,392,612$754,489$8,097,085
84$21,588,676$2,365,528$635,442$8,694,831
85$23,641,852$2,332,570$507,860$9,351,262
86$25,899,763$2,293,308$371,315$10,072,496
87$28,383,144$2,247,285$225,359$10,865,292
88$31,114,840$2,194,017$69,524$11,737,109
89$34,120,023$2,132,993$0$12,696,182
90$37,426,425$2,063,669$0$13,774,322
91$41,064,604$1,985,473$0$14,977,738
92$45,068,230$1,897,797$0$16,301,296
93$49,474,398$1,799,998$0$17,757,350
94$54,323,986$1,691,398$0$19,359,529
95$59,662,033$1,571,276$0$21,122,864
96$65,538,166$1,438,874$0$23,063,933
97$72,007,068$1,293,389$0$25,201,020
98$79,128,995$1,133,971$0$27,554,290
99$86,970,341$959,723$0$30,145,981
100$95,604,265$769,699$0$33,000,617