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

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$153,597$152,229$150,894$149,591$148,319$146,284
2 years$76,038$74,622$73,250$71,919$70,628$68,581
3 years$50,189$48,766$47,397$46,079$44,809$42,814
4 years$37,266$35,848$34,493$33,197$31,958$30,031
5 years$29,515$28,106$26,768$25,499$24,294$22,440
6 years$24,349$22,950$21,633$20,392$19,223$17,444
7 years$20,661$19,274$17,977$16,765$15,634$13,930
8 years$17,896$16,521$15,246$14,064$12,970$11,342
9 years$15,746$14,385$13,131$11,979$10,922$9,369
10 years$14,027$12,679$11,448$10,326$9,306$7,827
11 years$12,622$11,288$10,079$8,987$8,004$6,597
12 years$11,452$10,131$8,945$7,883$6,936$5,599
13 years$10,463$9,156$7,991$6,959$6,048$4,781
14 years$9,615$8,322$7,180$6,178$5,302$4,101
15 years$8,882$7,602$6,483$5,509$4,668$3,532
16 years$8,241$6,975$5,878$4,933$4,126$3,053
17 years$7,675$6,424$5,348$4,432$3,658$2,646
18 years$7,173$5,936$4,882$3,994$3,253$2,298
19 years$6,725$5,501$4,470$3,609$2,899$2,001
20 years$6,322$5,112$4,102$3,269$2,590$1,745
21 years$5,957$4,762$3,773$2,967$2,317$1,524
22 years$5,626$4,445$3,477$2,697$2,077$1,333
23 years$5,325$4,157$3,211$2,457$1,865$1,167
24 years$5,049$3,895$2,969$2,241$1,676$1,023
25 years$4,795$3,655$2,750$2,046$1,508$897
26 years$4,562$3,435$2,551$1,871$1,358$788
27 years$4,346$3,233$2,369$1,713$1,225$692
28 years$4,146$3,047$2,202$1,569$1,105$608
29 years$3,959$2,874$2,049$1,439$998$535
30 years$3,786$2,714$1,909$1,321$902$470
31 years$3,624$2,566$1,779$1,213$815$414
32 years$3,473$2,428$1,660$1,115$737$365
33 years$3,331$2,299$1,550$1,025$667$321
34 years$3,198$2,179$1,448$943$604$283
35 years$3,072$2,067$1,354$868$547$249
36 years$2,954$1,962$1,267$800$496$220
37 years$2,843$1,863$1,186$737$449$194
38 years$2,737$1,771$1,110$679$407$171
39 years$2,637$1,684$1,040$626$369$150
40 years$2,543$1,602$975$577$335$133
41 years$2,453$1,525$914$533$304$117
42 years$2,368$1,452$858$492$276$103
43 years$2,287$1,384$805$454$250$91
44 years$2,210$1,319$755$419$227$80
45 years$2,136$1,258$709$387$206$71
46 years$2,066$1,200$666$358$187$62
47 years$2,000$1,145$626$330$170$55
48 years$1,936$1,093$588$305$154$49
49 years$1,874$1,044$553$282$140$43
50 years$1,816$997$520$261$127$38

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 $4,374 every year, while hoping to spend $32,560 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: 82/10/8 Blend
54$1,860,000$1,860,000$1,860,000$1,860,000
55$2,054,232$1,955,652$1,926,822$2,220,332
56$2,229,120$2,016,835$1,956,727$2,390,830
57$2,420,755$2,079,925$1,986,542$2,573,182
58$2,630,812$2,144,981$2,016,231$2,772,380
59$2,861,133$2,212,063$2,045,753$2,990,091
60$3,113,749$2,281,235$2,075,066$3,228,154
61$3,390,897$2,352,561$2,104,126$3,488,593
62$3,695,039$2,426,108$2,132,886$3,773,638
63$4,028,890$2,501,943$2,161,294$4,085,742
64$4,395,437$2,580,139$2,189,298$4,427,611
65$4,797,974$2,660,768$2,216,841$4,802,222
66$5,240,127$2,743,905$2,243,865$5,212,856
67$5,725,891$2,829,628$2,270,306$5,663,126
68$6,259,668$2,918,016$2,296,097$6,157,013
69$6,846,307$3,009,152$2,321,170$6,698,901
70$7,491,151$3,103,120$2,345,449$7,293,621
71$8,200,083$3,200,008$2,368,857$7,946,493
72$8,979,589$3,299,906$2,391,311$8,663,381
73$9,836,813$3,402,907$2,412,725$9,450,741
74$10,779,624$3,509,106$2,433,008$10,315,688
75$11,816,695$3,618,601$2,452,063$11,266,063
76$12,957,580$3,731,495$2,469,789$12,310,499
77$14,212,806$3,847,891$2,486,079$13,458,514
78$15,593,971$3,967,897$2,500,823$14,720,589
79$17,113,857$4,091,625$2,513,901$16,108,276
80$18,786,544$4,219,188$2,525,190$17,634,301
81$20,627,548$4,350,704$2,534,561$19,312,686
82$22,653,965$4,486,296$2,541,875$21,158,882
83$24,884,632$4,626,087$2,546,991$23,189,912
84$27,340,306$4,770,207$2,549,757$25,424,534
85$30,043,859$4,918,788$2,550,015$27,883,417
86$33,020,491$5,071,967$2,547,599$30,589,334
87$36,297,972$5,229,885$2,542,335$33,567,380
88$39,906,903$5,392,687$2,534,040$36,845,206
89$43,881,000$5,560,522$2,522,524$40,453,282
90$48,257,418$5,733,544$2,507,585$44,425,181
91$53,077,099$5,911,911$2,489,013$48,797,898
92$58,385,156$6,095,788$2,466,587$53,612,200
93$64,231,302$6,285,341$2,440,078$58,913,007
94$70,670,316$6,480,745$2,409,242$64,749,820
95$77,762,564$6,682,177$2,373,828$71,177,185
96$85,574,564$6,889,822$2,333,569$78,255,207
97$94,179,614$7,103,868$2,288,188$86,050,120
98$103,658,487$7,324,510$2,237,395$94,634,910
99$114,100,191$7,551,949$2,180,886$104,090,004
100$125,602,808$7,786,391$2,118,343$114,504,028