Can I retire at age 55 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$154,423$153,047$151,705$150,395$149,116$146,225
2 years$76,447$75,023$73,643$72,306$71,008$68,107
3 years$50,458$49,028$47,652$46,327$45,050$42,230
4 years$37,467$36,041$34,679$33,376$32,130$29,412
5 years$29,674$28,257$26,912$25,636$24,425$21,817
6 years$24,480$23,074$21,749$20,501$19,327$16,831
7 years$20,772$19,377$18,073$16,855$15,718$13,336
8 years$17,992$16,610$15,328$14,139$13,039$10,770
9 years$15,831$14,462$13,202$12,044$10,981$8,823
10 years$14,103$12,747$11,510$10,382$9,356$7,308
11 years$12,690$11,348$10,133$9,035$8,047$6,105
12 years$11,514$10,186$8,993$7,925$6,973$5,136
13 years$10,519$9,205$8,034$6,997$6,081$4,345
14 years$9,667$8,367$7,219$6,211$5,330$3,692
15 years$8,930$7,643$6,518$5,539$4,693$3,150
16 years$8,285$7,013$5,909$4,960$4,148$2,695
17 years$7,716$6,458$5,377$4,456$3,678$2,313
18 years$7,212$5,968$4,909$4,016$3,270$1,989
19 years$6,761$5,531$4,494$3,629$2,915$1,714
20 years$6,356$5,140$4,124$3,286$2,604$1,479
21 years$5,989$4,787$3,793$2,983$2,330$1,278
22 years$5,657$4,469$3,496$2,712$2,088$1,106
23 years$5,354$4,180$3,228$2,470$1,875$958
24 years$5,076$3,916$2,985$2,253$1,685$830
25 years$4,821$3,675$2,765$2,057$1,516$720
26 years$4,586$3,454$2,564$1,881$1,366$625
27 years$4,369$3,251$2,381$1,722$1,231$543
28 years$4,168$3,063$2,214$1,577$1,111$472
29 years$3,981$2,890$2,060$1,447$1,003$410
30 years$3,807$2,729$1,919$1,328$907$357
31 years$3,644$2,580$1,789$1,219$820$311
32 years$3,492$2,441$1,669$1,121$741$270
33 years$3,349$2,312$1,558$1,030$671$235
34 years$3,215$2,191$1,456$948$607$205
35 years$3,089$2,078$1,361$873$550$178
36 years$2,970$1,972$1,274$804$499$155
37 years$2,858$1,873$1,192$741$452$135
38 years$2,752$1,780$1,116$683$410$118
39 years$2,652$1,693$1,046$629$371$103
40 years$2,557$1,611$980$581$337$89
41 years$2,466$1,533$919$536$306$78
42 years$2,381$1,460$862$494$277$68
43 years$2,299$1,391$809$456$252$59
44 years$2,222$1,326$759$421$228$52
45 years$2,148$1,265$713$389$207$45
46 years$2,078$1,206$670$359$188$39
47 years$2,010$1,151$629$332$171$34
48 years$1,946$1,099$591$307$155$30
49 years$1,885$1,049$556$284$141$26
50 years$1,826$1,002$523$262$128$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,870,000, adding $4,665 every year, while hoping to spend $52,846 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: 62/33/5 Blend
54$1,870,000$1,870,000$1,870,000$1,870,000
55$2,065,552$1,966,442$1,937,457$2,191,719
56$2,220,011$2,006,570$1,946,134$2,316,540
57$2,388,453$2,046,893$1,953,331$2,446,101
58$2,572,249$2,087,365$1,958,941$2,586,126
59$2,772,908$2,127,935$1,962,855$2,737,623
60$2,992,090$2,168,550$1,964,957$2,901,703
61$3,231,624$2,209,149$1,965,124$3,079,588
62$3,493,522$2,249,670$1,963,228$3,272,624
63$3,780,000$2,290,043$1,959,135$3,482,295
64$4,093,499$2,330,193$1,952,704$3,710,234
65$4,436,704$2,370,041$1,943,788$3,958,243
66$4,812,575$2,409,500$1,932,232$4,228,305
67$5,224,369$2,448,477$1,917,873$4,522,606
68$5,675,675$2,486,873$1,900,542$4,843,555
69$6,170,445$2,524,580$1,880,061$5,193,804
70$6,713,030$2,561,485$1,856,243$5,576,279
71$7,308,225$2,597,463$1,828,893$5,994,203
72$7,961,309$2,632,385$1,797,806$6,451,128
73$8,678,099$2,666,108$1,762,769$6,950,966
74$9,465,001$2,698,482$1,723,558$7,498,033
75$10,329,071$2,729,348$1,679,937$8,097,082
76$11,278,083$2,758,534$1,631,662$8,753,353
77$12,320,602$2,785,856$1,578,477$9,472,620
78$13,466,060$2,811,119$1,520,112$10,261,248
79$14,724,851$2,834,117$1,456,289$11,126,251
80$16,108,423$2,854,627$1,386,712$12,075,361
81$17,629,392$2,872,413$1,311,077$13,117,099
82$19,301,654$2,887,225$1,229,062$14,260,856
83$21,140,519$2,898,796$1,140,332$15,516,984
84$23,162,857$2,906,842$1,044,538$16,896,893
85$25,387,253$2,911,061$941,314$18,413,158
86$27,834,183$2,911,133$830,278$20,079,639
87$30,526,209$2,906,718$711,032$21,911,612
88$33,488,189$2,897,454$583,158$23,925,916
89$36,747,512$2,882,957$446,223$26,141,110
90$40,334,358$2,862,822$299,771$28,577,648
91$44,281,978$2,836,616$143,329$31,258,076
92$48,627,011$2,803,881$0$34,207,244
93$53,409,828$2,764,133$0$37,453,801
94$58,674,913$2,716,858$0$41,034,916
95$64,471,280$2,661,510$0$44,976,236
96$70,852,940$2,597,514$0$49,314,462
97$77,879,406$2,524,257$0$54,090,045
98$85,616,254$2,441,094$0$59,347,566
99$94,135,744$2,347,341$0$65,136,160
100$103,517,502$2,242,272$0$71,509,978