Can I retire at age 55 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$153,597$152,229$150,894$149,591$148,319$143,113
2 years$76,038$74,622$73,250$71,919$70,628$65,438
3 years$50,189$48,766$47,397$46,079$44,809$39,798
4 years$37,266$35,848$34,493$33,197$31,958$27,164
5 years$29,515$28,106$26,768$25,499$24,294$19,730
6 years$24,349$22,950$21,633$20,392$19,223$14,892
7 years$20,661$19,274$17,977$16,765$15,634$11,535
8 years$17,896$16,521$15,246$14,064$12,970$9,100
9 years$15,746$14,385$13,131$11,979$10,922$7,276
10 years$14,027$12,679$11,448$10,326$9,306$5,878
11 years$12,622$11,288$10,079$8,987$8,004$4,787
12 years$11,452$10,131$8,945$7,883$6,936$3,922
13 years$10,463$9,156$7,991$6,959$6,048$3,230
14 years$9,615$8,322$7,180$6,178$5,302$2,670
15 years$8,882$7,602$6,483$5,509$4,668$2,215
16 years$8,241$6,975$5,878$4,933$4,126$1,842
17 years$7,675$6,424$5,348$4,432$3,658$1,535
18 years$7,173$5,936$4,882$3,994$3,253$1,282
19 years$6,725$5,501$4,470$3,609$2,899$1,072
20 years$6,322$5,112$4,102$3,269$2,590$897
21 years$5,957$4,762$3,773$2,967$2,317$752
22 years$5,626$4,445$3,477$2,697$2,077$631
23 years$5,325$4,157$3,211$2,457$1,865$529
24 years$5,049$3,895$2,969$2,241$1,676$444
25 years$4,795$3,655$2,750$2,046$1,508$373
26 years$4,562$3,435$2,551$1,871$1,358$314
27 years$4,346$3,233$2,369$1,713$1,225$264
28 years$4,146$3,047$2,202$1,569$1,105$222
29 years$3,959$2,874$2,049$1,439$998$187
30 years$3,786$2,714$1,909$1,321$902$157
31 years$3,624$2,566$1,779$1,213$815$132
32 years$3,473$2,428$1,660$1,115$737$111
33 years$3,331$2,299$1,550$1,025$667$94
34 years$3,198$2,179$1,448$943$604$79
35 years$3,072$2,067$1,354$868$547$67
36 years$2,954$1,962$1,267$800$496$56
37 years$2,843$1,863$1,186$737$449$47
38 years$2,737$1,771$1,110$679$407$40
39 years$2,637$1,684$1,040$626$369$33
40 years$2,543$1,602$975$577$335$28
41 years$2,453$1,525$914$533$304$24
42 years$2,368$1,452$858$492$276$20
43 years$2,287$1,384$805$454$250$17
44 years$2,210$1,319$755$419$227$14
45 years$2,136$1,258$709$387$206$12
46 years$2,066$1,200$666$358$187$10
47 years$2,000$1,145$626$330$170$8
48 years$1,936$1,093$588$305$154$7
49 years$1,874$1,044$553$282$140$6
50 years$1,816$997$520$261$127$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,860,000, adding $5,719 every year, while hoping to spend $46,873 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: 43/48/9 Blend
54$1,860,000$1,860,000$1,860,000$1,860,000
55$2,055,619$1,957,039$1,928,209$2,138,421
56$2,215,420$2,003,062$1,942,932$2,242,613
57$2,389,949$2,049,768$1,956,576$2,350,213
58$2,580,660$2,097,143$1,969,058$2,465,712
59$2,789,152$2,145,167$1,980,286$2,589,851
60$3,017,186$2,193,821$1,990,166$2,723,446
61$3,266,700$2,243,080$1,998,598$2,867,394
62$3,539,831$2,292,918$2,005,478$3,022,683
63$3,838,929$2,343,306$2,010,697$3,190,404
64$4,166,583$2,394,211$2,014,139$3,371,755
65$4,525,644$2,445,598$2,015,682$3,568,059
66$4,919,253$2,497,425$2,015,200$3,780,772
67$5,350,868$2,549,650$2,012,560$4,011,498
68$5,824,297$2,602,224$2,007,622$4,262,006
69$6,343,737$2,655,094$2,000,239$4,534,243
70$6,913,809$2,708,205$1,990,258$4,830,356
71$7,539,603$2,761,492$1,977,517$5,152,712
72$8,226,727$2,814,889$1,961,848$5,503,918
73$8,981,357$2,868,322$1,943,074$5,886,846
74$9,810,297$2,921,712$1,921,009$6,304,666
75$10,721,044$2,974,972$1,895,459$6,760,867
76$11,721,855$3,028,011$1,866,221$7,259,297
77$12,821,828$3,080,727$1,833,083$7,804,197
78$14,030,984$3,133,012$1,795,821$8,400,241
79$15,360,367$3,184,752$1,754,204$9,052,582
80$16,822,140$3,235,821$1,707,985$9,766,898
81$18,429,707$3,286,085$1,656,912$10,549,452
82$20,197,835$3,335,401$1,600,717$11,407,142
83$22,142,794$3,383,615$1,539,120$12,347,575
84$24,282,509$3,430,562$1,471,830$13,379,135
85$26,636,731$3,476,066$1,398,543$14,511,065
86$29,227,222$3,519,938$1,318,938$15,753,553
87$32,077,959$3,561,976$1,232,684$17,117,828
88$35,215,363$3,601,965$1,139,431$18,616,269
89$38,668,544$3,639,675$1,038,815$20,262,521
90$42,469,578$3,674,861$930,458$22,071,624
91$46,653,808$3,707,262$813,961$24,060,159
92$51,260,177$3,736,599$688,910$26,246,401
93$56,331,598$3,762,575$554,871$28,650,495
94$61,915,355$3,784,875$411,394$31,294,645
95$68,063,551$3,803,163$258,004$34,203,329
96$74,833,596$3,817,081$94,210$37,403,526
97$82,288,754$3,826,249$0$40,924,975
98$90,498,735$3,830,264$0$44,808,195
99$99,540,355$3,828,696$0$49,091,737
100$109,498,259$3,821,090$0$53,806,424