Can I retire at age 55 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$151,945$150,592$149,272$147,983$146,724$144,831
2 years$75,221$73,820$72,462$71,146$69,869$67,964
3 years$49,649$48,242$46,888$45,584$44,328$42,470
4 years$36,866$35,463$34,122$32,840$31,615$29,820
5 years$29,198$27,803$26,480$25,225$24,033$22,305
6 years$24,087$22,704$21,400$20,172$19,017$17,358
7 years$20,438$19,066$17,783$16,585$15,466$13,877
8 years$17,703$16,343$15,082$13,913$12,830$11,311
9 years$15,577$14,230$12,990$11,850$10,805$9,355
10 years$13,877$12,543$11,325$10,215$9,206$7,825
11 years$12,487$11,166$9,970$8,890$7,918$6,603
12 years$11,329$10,022$8,848$7,798$6,861$5,612
13 years$10,350$9,057$7,905$6,884$5,983$4,798
14 years$9,512$8,233$7,103$6,111$5,245$4,121
15 years$8,786$7,521$6,413$5,450$4,618$3,554
16 years$8,152$6,900$5,814$4,880$4,081$3,076
17 years$7,593$6,355$5,291$4,385$3,619$2,670
18 years$7,096$5,872$4,830$3,951$3,218$2,323
19 years$6,652$5,442$4,422$3,570$2,868$2,025
20 years$6,254$5,057$4,058$3,234$2,562$1,768
21 years$5,893$4,711$3,732$2,935$2,292$1,547
22 years$5,566$4,397$3,440$2,668$2,055$1,355
23 years$5,268$4,113$3,176$2,430$1,845$1,188
24 years$4,995$3,853$2,938$2,216$1,658$1,043
25 years$4,744$3,616$2,721$2,024$1,492$916
26 years$4,513$3,398$2,523$1,851$1,344$806
27 years$4,299$3,198$2,343$1,694$1,212$709
28 years$4,101$3,014$2,178$1,552$1,093$624
29 years$3,917$2,843$2,027$1,423$987$550
30 years$3,745$2,685$1,888$1,306$892$484
31 years$3,585$2,538$1,760$1,200$806$427
32 years$3,436$2,402$1,642$1,103$729$377
33 years$3,295$2,274$1,533$1,014$660$332
34 years$3,163$2,156$1,433$933$598$293
35 years$3,039$2,045$1,340$859$541$259
36 years$2,922$1,941$1,253$791$491$228
37 years$2,812$1,843$1,173$729$445$202
38 years$2,708$1,752$1,098$672$403$178
39 years$2,609$1,666$1,029$619$365$157
40 years$2,516$1,585$965$571$332$139
41 years$2,427$1,509$904$527$301$123
42 years$2,343$1,437$848$486$273$108
43 years$2,262$1,369$796$449$248$96
44 years$2,186$1,305$747$415$225$85
45 years$2,114$1,244$702$383$204$75
46 years$2,044$1,187$659$354$185$66
47 years$1,978$1,133$619$327$168$58
48 years$1,915$1,081$582$302$153$52
49 years$1,854$1,033$547$279$139$46
50 years$1,796$986$514$258$126$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,840,000, adding $4,717 every year, while hoping to spend $30,493 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: 71/20/9 Blend
54$1,840,000$1,840,000$1,840,000$1,840,000
55$2,032,546$1,935,026$1,906,506$2,173,192
56$2,207,421$1,997,398$1,937,929$2,329,206
57$2,399,112$2,061,804$1,969,384$2,495,714
58$2,609,300$2,128,312$2,000,837$2,677,139
59$2,839,841$2,196,991$2,032,258$2,874,943
60$3,092,775$2,267,914$2,063,609$3,090,735
61$3,370,352$2,341,155$2,094,853$3,326,287
62$3,675,048$2,416,792$2,125,951$3,583,550
63$4,009,592$2,494,904$2,156,859$3,864,672
64$4,376,989$2,575,573$2,187,533$4,172,017
65$4,780,552$2,658,886$2,217,925$4,508,190
66$5,223,927$2,744,930$2,247,984$4,876,058
67$5,711,132$2,833,796$2,277,656$5,278,780
68$6,246,594$2,925,579$2,306,885$5,719,834
69$6,835,192$3,020,377$2,335,610$6,203,051
70$7,482,296$3,118,290$2,363,768$6,732,650
71$8,193,828$3,219,424$2,391,291$7,313,279
72$8,976,308$3,323,886$2,418,109$7,950,057
73$9,836,923$3,431,787$2,444,147$8,648,622
74$10,783,589$3,543,245$2,469,326$9,415,185
75$11,825,028$3,658,377$2,493,562$10,256,590
76$12,970,853$3,777,309$2,516,768$11,180,373
77$14,231,651$3,900,168$2,538,851$12,194,839
78$15,619,090$4,027,088$2,559,713$13,309,134
79$17,146,026$4,158,204$2,579,252$14,533,337
80$18,826,624$4,293,659$2,597,360$15,878,551
81$20,676,491$4,433,600$2,613,924$17,357,008
82$22,712,826$4,578,179$2,628,823$18,982,185
83$24,954,578$4,727,554$2,641,932$20,768,930
84$27,422,628$4,881,887$2,653,120$22,733,602
85$30,139,983$5,041,346$2,662,246$24,894,226
86$33,131,996$5,206,107$2,669,166$27,270,662
87$36,426,603$5,376,350$2,673,727$29,884,790
88$40,054,587$5,552,262$2,675,768$32,760,722
89$44,049,868$5,734,036$2,675,119$35,925,021
90$48,449,824$5,921,873$2,671,605$39,406,958
91$53,295,642$6,115,980$2,665,040$43,238,786
92$58,632,708$6,316,573$2,655,228$47,456,042
93$64,511,032$6,523,874$2,641,967$52,097,885
94$70,985,726$6,738,112$2,625,041$57,207,462
95$78,117,518$6,959,527$2,604,228$62,832,319
96$85,973,327$7,188,366$2,579,291$69,024,844
97$94,626,894$7,424,884$2,549,986$75,842,765
98$104,159,481$7,669,347$2,516,054$83,349,694
99$114,660,632$7,922,029$2,477,225$91,615,726
100$126,229,022$8,183,214$2,433,218$100,718,099