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

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$151,945$150,592$149,272$147,983$146,724$145,799
2 years$75,221$73,820$72,462$71,146$69,869$68,936
3 years$49,649$48,242$46,888$45,584$44,328$43,416
4 years$36,866$35,463$34,122$32,840$31,615$30,731
5 years$29,198$27,803$26,480$25,225$24,033$23,179
6 years$24,087$22,704$21,400$20,172$19,017$18,195
7 years$20,438$19,066$17,783$16,585$15,466$14,675
8 years$17,703$16,343$15,082$13,913$12,830$12,072
9 years$15,577$14,230$12,990$11,850$10,805$10,079
10 years$13,877$12,543$11,325$10,215$9,206$8,511
11 years$12,487$11,166$9,970$8,890$7,918$7,254
12 years$11,329$10,022$8,848$7,798$6,861$6,228
13 years$10,350$9,057$7,905$6,884$5,983$5,379
14 years$9,512$8,233$7,103$6,111$5,245$4,670
15 years$8,786$7,521$6,413$5,450$4,618$4,071
16 years$8,152$6,900$5,814$4,880$4,081$3,562
17 years$7,593$6,355$5,291$4,385$3,619$3,126
18 years$7,096$5,872$4,830$3,951$3,218$2,751
19 years$6,652$5,442$4,422$3,570$2,868$2,426
20 years$6,254$5,057$4,058$3,234$2,562$2,144
21 years$5,893$4,711$3,732$2,935$2,292$1,898
22 years$5,566$4,397$3,440$2,668$2,055$1,682
23 years$5,268$4,113$3,176$2,430$1,845$1,493
24 years$4,995$3,853$2,938$2,216$1,658$1,327
25 years$4,744$3,616$2,721$2,024$1,492$1,181
26 years$4,513$3,398$2,523$1,851$1,344$1,051
27 years$4,299$3,198$2,343$1,694$1,212$937
28 years$4,101$3,014$2,178$1,552$1,093$835
29 years$3,917$2,843$2,027$1,423$987$745
30 years$3,745$2,685$1,888$1,306$892$665
31 years$3,585$2,538$1,760$1,200$806$594
32 years$3,436$2,402$1,642$1,103$729$531
33 years$3,295$2,274$1,533$1,014$660$475
34 years$3,163$2,156$1,433$933$598$425
35 years$3,039$2,045$1,340$859$541$380
36 years$2,922$1,941$1,253$791$491$340
37 years$2,812$1,843$1,173$729$445$304
38 years$2,708$1,752$1,098$672$403$272
39 years$2,609$1,666$1,029$619$365$244
40 years$2,516$1,585$965$571$332$218
41 years$2,427$1,509$904$527$301$196
42 years$2,343$1,437$848$486$273$175
43 years$2,262$1,369$796$449$248$157
44 years$2,186$1,305$747$415$225$141
45 years$2,114$1,244$702$383$204$126
46 years$2,044$1,187$659$354$185$113
47 years$1,978$1,133$619$327$168$101
48 years$1,915$1,081$582$302$153$91
49 years$1,854$1,033$547$279$139$81
50 years$1,796$986$514$258$126$73

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 $4,485 every year, while hoping to spend $53,889 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: 29/43/28 Blend
54$1,840,000$1,840,000$1,840,000$1,840,000
55$2,032,306$1,934,786$1,906,266$2,073,566
56$2,182,264$1,972,253$1,912,789$2,143,997
57$2,345,711$2,009,750$1,917,724$2,214,682
58$2,523,967$2,047,221$1,920,961$2,289,599
59$2,718,484$2,084,607$1,922,384$2,369,154
60$2,930,858$2,121,842$1,921,874$2,453,791
61$3,162,851$2,158,857$1,919,301$2,544,006
62$3,416,397$2,195,577$1,914,534$2,640,345
63$3,693,630$2,231,920$1,907,430$2,743,411
64$3,996,896$2,267,800$1,897,845$2,853,874
65$4,328,781$2,303,124$1,885,625$2,972,474
66$4,692,130$2,337,790$1,870,607$3,100,028
67$5,090,078$2,371,693$1,852,623$3,237,440
68$5,526,076$2,404,716$1,831,496$3,385,711
69$6,003,926$2,436,737$1,807,041$3,545,946
70$6,527,813$2,467,624$1,779,064$3,719,369
71$7,102,349$2,497,236$1,747,361$3,907,329
72$7,732,611$2,525,423$1,711,720$4,111,322
73$8,424,193$2,552,025$1,671,919$4,332,997
74$9,183,257$2,576,871$1,627,724$4,574,180
75$10,016,589$2,599,777$1,578,893$4,836,888
76$10,931,665$2,620,550$1,525,169$5,123,347
77$11,936,720$2,638,982$1,466,288$5,436,019
78$13,040,827$2,654,853$1,401,970$5,777,624
79$14,253,979$2,667,929$1,331,924$6,151,166
80$15,587,187$2,677,960$1,255,845$6,559,962
81$17,052,580$2,684,680$1,173,416$7,007,679
82$18,663,521$2,687,807$1,084,304$7,498,362
83$20,434,734$2,687,043$988,161$8,036,482
84$22,382,437$2,682,068$884,624$8,626,975
85$24,524,501$2,672,545$773,315$9,275,288
86$26,880,617$2,658,116$653,838$9,987,439
87$29,472,476$2,638,401$525,778$10,770,069
88$32,323,982$2,612,995$388,705$11,630,511
89$35,461,468$2,581,472$242,166$12,576,857
90$38,913,952$2,543,379$85,693$13,618,041
91$42,713,405$2,498,234$0$14,763,920
92$46,895,054$2,445,529$0$16,049,663
93$51,497,716$2,384,726$0$17,491,890
94$56,564,158$2,315,253$0$19,078,382
95$62,141,509$2,236,507$0$20,823,925
96$68,281,695$2,147,849$0$22,744,826
97$75,041,936$2,048,601$0$24,859,064
98$82,485,279$1,938,048$0$27,186,463
99$90,681,200$1,815,434$0$29,748,884
100$99,706,250$1,679,959$0$32,570,429