Can I retire at age 55 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$152,771$151,410$150,083$148,787$147,522$142,231
2 years$75,629$74,221$72,856$71,532$70,248$64,975
3 years$49,919$48,504$47,142$45,831$44,568$39,479
4 years$37,066$35,656$34,308$33,019$31,787$26,919
5 years$29,356$27,954$26,624$25,362$24,164$19,531
6 years$24,218$22,827$21,516$20,282$19,120$14,726
7 years$20,550$19,170$17,880$16,675$15,550$11,393
8 years$17,799$16,432$15,164$13,988$12,900$8,977
9 years$15,661$14,307$13,061$11,915$10,864$7,170
10 years$13,952$12,611$11,386$10,271$9,256$5,785
11 years$12,554$11,227$10,024$8,939$7,961$4,704
12 years$11,391$10,077$8,896$7,840$6,899$3,849
13 years$10,407$9,106$7,948$6,922$6,016$3,165
14 years$9,564$8,277$7,142$6,144$5,273$2,613
15 years$8,834$7,562$6,448$5,480$4,643$2,165
16 years$8,196$6,938$5,846$4,907$4,104$1,797
17 years$7,634$6,389$5,320$4,408$3,638$1,496
18 years$7,135$5,904$4,856$3,973$3,235$1,247
19 years$6,689$5,472$4,446$3,590$2,884$1,041
20 years$6,288$5,085$4,080$3,251$2,576$870
21 years$5,925$4,736$3,753$2,951$2,305$728
22 years$5,596$4,421$3,459$2,683$2,066$610
23 years$5,296$4,135$3,194$2,443$1,855$511
24 years$5,022$3,874$2,953$2,229$1,667$429
25 years$4,770$3,636$2,736$2,035$1,500$359
26 years$4,537$3,417$2,537$1,861$1,351$302
27 years$4,322$3,216$2,356$1,703$1,218$253
28 years$4,123$3,030$2,190$1,561$1,099$213
29 years$3,938$2,859$2,038$1,431$993$179
30 years$3,766$2,700$1,898$1,313$897$150
31 years$3,605$2,552$1,770$1,206$811$126
32 years$3,454$2,415$1,651$1,109$733$106
33 years$3,313$2,287$1,542$1,019$664$89
34 years$3,180$2,167$1,441$938$601$75
35 years$3,056$2,056$1,347$863$544$63
36 years$2,938$1,951$1,260$795$493$53
37 years$2,827$1,853$1,179$733$447$45
38 years$2,722$1,761$1,104$675$405$37
39 years$2,623$1,675$1,035$623$367$31
40 years$2,529$1,593$970$574$333$26
41 years$2,440$1,517$909$530$302$22
42 years$2,355$1,444$853$489$274$19
43 years$2,275$1,376$800$451$249$16
44 years$2,198$1,312$751$417$226$13
45 years$2,125$1,251$705$385$205$11
46 years$2,055$1,193$663$356$186$9
47 years$1,989$1,139$622$329$169$8
48 years$1,925$1,087$585$304$154$7
49 years$1,864$1,038$550$281$140$6
50 years$1,806$992$517$259$127$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,850,000, adding $5,596 every year, while hoping to spend $24,555 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: 78/8/14 Blend
54$1,850,000$1,850,000$1,850,000$1,850,000
55$2,044,472$1,946,422$1,917,747$2,197,660
56$2,226,882$2,015,671$1,955,865$2,368,592
57$2,427,075$2,087,489$1,994,438$2,552,350
58$2,646,838$2,161,978$2,033,453$2,753,221
59$2,888,142$2,239,241$2,072,900$2,972,904
60$3,153,155$2,319,387$2,112,765$3,213,273
61$3,444,268$2,402,528$2,153,034$3,476,388
62$3,764,114$2,488,782$2,193,691$3,764,520
63$4,115,592$2,578,271$2,234,718$4,080,171
64$4,501,899$2,671,123$2,276,098$4,426,094
65$4,926,555$2,767,470$2,317,809$4,805,324
66$5,393,437$2,867,449$2,359,829$5,221,204
67$5,906,819$2,971,206$2,402,135$5,677,414
68$6,471,408$3,078,889$2,444,700$6,178,010
69$7,092,392$3,190,654$2,487,497$6,727,459
70$7,775,484$3,306,664$2,530,497$7,330,684
71$8,526,981$3,427,089$2,573,666$7,993,105
72$9,353,820$3,552,103$2,616,971$8,720,696
73$10,263,646$3,681,892$2,660,375$9,520,036
74$11,264,879$3,816,646$2,703,839$10,398,376
75$12,366,799$3,956,564$2,747,321$11,363,703
76$13,579,632$4,101,855$2,790,775$12,424,817
77$14,914,644$4,252,735$2,834,155$13,591,413
78$16,384,248$4,409,430$2,877,410$14,874,173
79$18,002,124$4,572,175$2,920,486$16,284,868
80$19,783,343$4,741,214$2,963,325$17,836,466
81$21,744,515$4,916,804$3,005,867$19,543,254
82$23,903,939$5,099,211$3,048,047$21,420,977
83$26,281,781$5,288,712$3,089,796$23,486,981
84$28,900,261$5,485,598$3,131,044$25,760,380
85$31,783,865$5,690,170$3,171,711$28,262,236
86$34,959,574$5,902,743$3,211,718$31,015,754
87$38,457,119$6,123,645$3,250,979$34,046,506
88$42,309,260$6,353,220$3,289,402$37,382,668
89$46,552,100$6,591,822$3,326,892$41,055,287
90$51,225,419$6,839,827$3,363,348$45,098,575
91$56,373,055$7,097,621$3,398,663$49,550,228
92$62,043,312$7,365,610$3,432,724$54,451,788
93$68,289,422$7,644,218$3,465,412$59,849,026
94$75,170,043$7,933,884$3,496,603$65,792,383
95$82,749,813$8,235,070$3,526,165$72,337,439
96$91,099,961$8,548,255$3,553,958$79,545,439
97$100,298,978$8,873,940$3,579,837$87,483,873
98$110,433,360$9,212,650$3,603,648$96,227,110
99$121,598,421$9,564,928$3,625,229$105,857,103
100$133,899,195$9,931,345$3,644,409$116,464,157