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

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$151,120$149,774$148,460$147,178$145,927$143,039
2 years$74,812$73,418$72,068$70,759$69,489$66,592
3 years$49,379$47,980$46,633$45,336$44,087$41,270
4 years$36,665$35,270$33,937$32,662$31,443$28,729
5 years$29,039$27,652$26,336$25,088$23,902$21,299
6 years$23,956$22,580$21,284$20,063$18,913$16,423
7 years$20,327$18,963$17,687$16,495$15,381$13,005
8 years$17,607$16,255$15,000$13,837$12,760$10,497
9 years$15,492$14,153$12,919$11,786$10,746$8,594
10 years$13,801$12,475$11,263$10,160$9,156$7,114
11 years$12,419$11,106$9,916$8,842$7,875$5,940
12 years$11,267$9,968$8,800$7,756$6,824$4,993
13 years$10,294$9,008$7,862$6,847$5,951$4,221
14 years$9,460$8,188$7,064$6,078$5,216$3,585
15 years$8,739$7,480$6,378$5,421$4,593$3,056
16 years$8,108$6,863$5,783$4,853$4,059$2,613
17 years$7,551$6,320$5,262$4,361$3,599$2,241
18 years$7,058$5,840$4,804$3,930$3,200$1,926
19 years$6,616$5,413$4,398$3,551$2,852$1,658
20 years$6,220$5,030$4,036$3,216$2,548$1,430
21 years$5,861$4,685$3,712$2,919$2,280$1,235
22 years$5,536$4,373$3,421$2,654$2,044$1,067
23 years$5,239$4,090$3,159$2,417$1,835$924
24 years$4,967$3,832$2,922$2,204$1,649$800
25 years$4,718$3,596$2,706$2,013$1,484$694
26 years$4,488$3,380$2,510$1,841$1,337$602
27 years$4,276$3,181$2,330$1,685$1,205$522
28 years$4,079$2,997$2,166$1,544$1,087$453
29 years$3,896$2,828$2,016$1,416$982$394
30 years$3,725$2,670$1,878$1,299$887$342
31 years$3,566$2,524$1,751$1,193$802$298
32 years$3,417$2,389$1,633$1,097$726$259
33 years$3,277$2,262$1,525$1,008$657$225
34 years$3,146$2,144$1,425$928$594$196
35 years$3,023$2,034$1,332$854$538$170
36 years$2,906$1,930$1,246$787$488$148
37 years$2,797$1,833$1,167$725$442$129
38 years$2,693$1,742$1,092$668$401$112
39 years$2,595$1,657$1,023$616$364$98
40 years$2,502$1,576$959$568$330$85
41 years$2,414$1,500$899$524$299$74
42 years$2,330$1,429$844$484$271$64
43 years$2,250$1,361$792$447$246$56
44 years$2,174$1,298$743$412$224$49
45 years$2,102$1,237$698$381$203$43
46 years$2,033$1,181$655$352$184$37
47 years$1,967$1,127$616$325$167$32
48 years$1,904$1,075$579$300$152$28
49 years$1,844$1,027$544$278$138$24
50 years$1,787$981$511$257$125$21

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 $5,571 every year, while hoping to spend $30,866 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: 59/28/13 Blend
54$1,830,000$1,830,000$1,830,000$1,830,000
55$2,022,406$1,925,416$1,897,051$2,134,890
56$2,195,851$1,986,921$1,927,762$2,272,871
57$2,385,952$2,050,404$1,958,466$2,419,324
58$2,594,376$2,115,931$1,989,132$2,578,287
59$2,822,959$2,183,568$2,019,724$2,750,970
60$3,073,722$2,253,384$2,050,206$2,938,702
61$3,348,892$2,325,450$2,080,538$3,142,945
62$3,650,921$2,399,839$2,110,678$3,365,312
63$3,982,511$2,476,627$2,140,582$3,607,575
64$4,346,637$2,555,893$2,170,202$3,871,685
65$4,746,579$2,637,716$2,199,488$4,159,791
66$5,185,947$2,722,182$2,228,388$4,474,258
67$5,668,721$2,809,375$2,256,846$4,817,692
68$6,199,281$2,899,386$2,284,802$5,192,960
69$6,782,459$2,992,306$2,312,193$5,603,220
70$7,423,572$3,088,232$2,338,954$6,051,951
71$8,128,482$3,187,260$2,365,014$6,542,982
72$8,903,645$3,289,494$2,390,300$7,080,532
73$9,756,175$3,395,038$2,414,734$7,669,247
74$10,693,911$3,504,001$2,438,234$8,314,243
75$11,725,489$3,616,496$2,460,713$9,021,157
76$12,860,422$3,732,637$2,482,081$9,796,198
77$14,109,195$3,852,546$2,502,240$10,646,204
78$15,483,358$3,976,347$2,521,091$11,578,708
79$16,995,640$4,104,167$2,538,526$12,602,009
80$18,660,063$4,236,139$2,554,435$13,725,249
81$20,492,080$4,372,400$2,568,698$14,958,499
82$22,508,715$4,513,091$2,581,194$16,312,854
83$24,728,731$4,658,359$2,591,790$17,800,537
84$27,172,799$4,808,356$2,600,352$19,435,015
85$29,863,696$4,963,237$2,606,736$21,231,125
86$32,826,521$5,123,164$2,610,790$23,205,213
87$36,088,932$5,288,305$2,612,357$25,375,288
88$39,681,403$5,458,832$2,611,271$27,761,193
89$43,637,515$5,634,923$2,607,357$30,384,793
90$47,994,272$5,816,765$2,600,434$33,270,174
91$52,792,448$6,004,547$2,590,309$36,443,880
92$58,076,976$6,198,467$2,576,782$39,935,155
93$63,897,365$6,398,730$2,559,643$43,776,221
94$70,308,176$6,605,547$2,538,670$48,002,585
95$77,369,527$6,819,136$2,513,632$52,653,369
96$85,147,668$7,039,724$2,484,289$57,771,681
97$93,715,604$7,267,543$2,450,385$63,405,021
98$103,153,778$7,502,836$2,411,657$69,605,729
99$113,550,842$7,745,853$2,367,825$76,431,480
100$125,004,480$7,996,852$2,318,599$83,945,823