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%14.6%
1 years$153,597$152,229$150,894$149,591$148,319$145,503
2 years$76,038$74,622$73,250$71,919$70,628$67,802
3 years$50,189$48,766$47,397$46,079$44,809$42,061
4 years$37,266$35,848$34,493$33,197$31,958$29,309
5 years$29,515$28,106$26,768$25,499$24,294$21,752
6 years$24,349$22,950$21,633$20,392$19,223$16,790
7 years$20,661$19,274$17,977$16,765$15,634$13,311
8 years$17,896$16,521$15,246$14,064$12,970$10,757
9 years$15,746$14,385$13,131$11,979$10,922$8,817
10 years$14,027$12,679$11,448$10,326$9,306$7,308
11 years$12,622$11,288$10,079$8,987$8,004$6,109
12 years$11,452$10,131$8,945$7,883$6,936$5,142
13 years$10,463$9,156$7,991$6,959$6,048$4,353
14 years$9,615$8,322$7,180$6,178$5,302$3,702
15 years$8,882$7,602$6,483$5,509$4,668$3,160
16 years$8,241$6,975$5,878$4,933$4,126$2,706
17 years$7,675$6,424$5,348$4,432$3,658$2,324
18 years$7,173$5,936$4,882$3,994$3,253$2,000
19 years$6,725$5,501$4,470$3,609$2,899$1,724
20 years$6,322$5,112$4,102$3,269$2,590$1,489
21 years$5,957$4,762$3,773$2,967$2,317$1,288
22 years$5,626$4,445$3,477$2,697$2,077$1,115
23 years$5,325$4,157$3,211$2,457$1,865$967
24 years$5,049$3,895$2,969$2,241$1,676$839
25 years$4,795$3,655$2,750$2,046$1,508$728
26 years$4,562$3,435$2,551$1,871$1,358$633
27 years$4,346$3,233$2,369$1,713$1,225$550
28 years$4,146$3,047$2,202$1,569$1,105$478
29 years$3,959$2,874$2,049$1,439$998$416
30 years$3,786$2,714$1,909$1,321$902$362
31 years$3,624$2,566$1,779$1,213$815$315
32 years$3,473$2,428$1,660$1,115$737$275
33 years$3,331$2,299$1,550$1,025$667$239
34 years$3,198$2,179$1,448$943$604$209
35 years$3,072$2,067$1,354$868$547$182
36 years$2,954$1,962$1,267$800$496$158
37 years$2,843$1,863$1,186$737$449$138
38 years$2,737$1,771$1,110$679$407$120
39 years$2,637$1,684$1,040$626$369$105
40 years$2,543$1,602$975$577$335$92
41 years$2,453$1,525$914$533$304$80
42 years$2,368$1,452$858$492$276$70
43 years$2,287$1,384$805$454$250$61
44 years$2,210$1,319$755$419$227$53
45 years$2,136$1,258$709$387$206$46
46 years$2,066$1,200$666$358$187$40
47 years$2,000$1,145$626$330$170$35
48 years$1,936$1,093$588$305$154$31
49 years$1,874$1,044$553$282$140$27
50 years$1,816$997$520$261$127$23

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 $6,458 every year, while hoping to spend $31,290 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: 72/23/5 Blend
54$1,860,000$1,860,000$1,860,000$1,860,000
55$2,056,381$1,957,801$1,928,971$2,203,078
56$2,232,840$2,020,441$1,960,300$2,363,271
57$2,426,249$2,085,102$1,991,629$2,534,039
58$2,638,303$2,151,849$2,022,925$2,720,107
59$2,870,872$2,220,751$2,054,155$2,922,970
60$3,126,011$2,291,878$2,085,280$3,144,276
61$3,405,987$2,365,304$2,116,260$3,385,840
62$3,713,297$2,441,102$2,147,053$3,649,656
63$4,050,688$2,519,352$2,177,615$3,937,924
64$4,421,191$2,600,132$2,207,897$4,253,063
65$4,828,141$2,683,527$2,237,850$4,597,738
66$5,275,213$2,769,622$2,267,420$4,974,883
67$5,766,457$2,858,506$2,296,551$5,387,729
68$6,306,333$2,950,269$2,325,182$5,839,834
69$6,899,754$3,045,008$2,353,251$6,335,118
70$7,552,135$3,142,819$2,380,691$6,877,896
71$8,269,439$3,243,804$2,407,431$7,472,920
72$9,058,239$3,348,068$2,433,397$8,125,427
73$9,925,774$3,455,718$2,458,510$8,841,183
74$10,880,021$3,566,866$2,482,688$9,626,540
75$11,929,768$3,681,627$2,505,843$10,488,495
76$13,084,699$3,800,121$2,527,884$11,434,755
77$14,355,483$3,922,472$2,548,712$12,473,810
78$15,753,875$4,048,806$2,568,227$13,615,013
79$17,292,829$4,179,256$2,586,321$14,868,668
80$18,986,616$4,313,958$2,602,881$16,246,127
81$20,850,961$4,453,052$2,617,788$17,759,893
82$22,903,192$4,596,685$2,630,918$19,423,745
83$25,162,403$4,745,007$2,642,138$21,252,861
84$27,649,629$4,898,174$2,651,311$23,263,965
85$30,388,054$5,056,348$2,658,293$25,475,479
86$33,403,220$5,219,693$2,662,930$27,907,706
87$36,723,275$5,388,384$2,665,064$30,583,009
88$40,379,231$5,562,598$2,664,527$33,526,033
89$44,405,267$5,742,518$2,661,142$36,763,930
90$48,839,039$5,928,337$2,654,725$40,326,615
91$53,722,046$6,120,250$2,645,083$44,247,053
92$59,100,014$6,318,463$2,632,014$48,561,564
93$65,023,333$6,523,184$2,615,303$53,310,168
94$71,547,526$6,734,633$2,594,729$58,536,962
95$78,733,778$6,953,035$2,570,057$64,290,536
96$86,649,514$7,178,624$2,541,044$70,624,429
97$95,369,028$7,411,641$2,507,433$77,597,637
98$104,974,193$7,652,335$2,468,956$85,275,166
99$115,555,226$7,900,965$2,425,332$93,728,647
100$127,211,545$8,157,798$2,376,266$103,037,011