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%17.5%
1 years$154,423$153,047$151,705$150,395$149,116$144,575
2 years$76,447$75,023$73,643$72,306$71,008$66,471
3 years$50,458$49,028$47,652$46,327$45,050$40,661
4 years$37,467$36,041$34,679$33,376$32,130$27,922
5 years$29,674$28,257$26,912$25,636$24,425$20,409
6 years$24,480$23,074$21,749$20,501$19,327$15,506
7 years$20,772$19,377$18,073$16,855$15,718$12,093
8 years$17,992$16,610$15,328$14,139$13,039$9,608
9 years$15,831$14,462$13,202$12,044$10,981$7,739
10 years$14,103$12,747$11,510$10,382$9,356$6,300
11 years$12,690$11,348$10,133$9,035$8,047$5,170
12 years$11,514$10,186$8,993$7,925$6,973$4,270
13 years$10,519$9,205$8,034$6,997$6,081$3,545
14 years$9,667$8,367$7,219$6,211$5,330$2,955
15 years$8,930$7,643$6,518$5,539$4,693$2,472
16 years$8,285$7,013$5,909$4,960$4,148$2,074
17 years$7,716$6,458$5,377$4,456$3,678$1,744
18 years$7,212$5,968$4,909$4,016$3,270$1,469
19 years$6,761$5,531$4,494$3,629$2,915$1,239
20 years$6,356$5,140$4,124$3,286$2,604$1,047
21 years$5,989$4,787$3,793$2,983$2,330$886
22 years$5,657$4,469$3,496$2,712$2,088$750
23 years$5,354$4,180$3,228$2,470$1,875$635
24 years$5,076$3,916$2,985$2,253$1,685$539
25 years$4,821$3,675$2,765$2,057$1,516$457
26 years$4,586$3,454$2,564$1,881$1,366$388
27 years$4,369$3,251$2,381$1,722$1,231$329
28 years$4,168$3,063$2,214$1,577$1,111$280
29 years$3,981$2,890$2,060$1,447$1,003$238
30 years$3,807$2,729$1,919$1,328$907$202
31 years$3,644$2,580$1,789$1,219$820$172
32 years$3,492$2,441$1,669$1,121$741$146
33 years$3,349$2,312$1,558$1,030$671$124
34 years$3,215$2,191$1,456$948$607$106
35 years$3,089$2,078$1,361$873$550$90
36 years$2,970$1,972$1,274$804$499$76
37 years$2,858$1,873$1,192$741$452$65
38 years$2,752$1,780$1,116$683$410$55
39 years$2,652$1,693$1,046$629$371$47
40 years$2,557$1,611$980$581$337$40
41 years$2,466$1,533$919$536$306$34
42 years$2,381$1,460$862$494$277$29
43 years$2,299$1,391$809$456$252$25
44 years$2,222$1,326$759$421$228$21
45 years$2,148$1,265$713$389$207$18
46 years$2,078$1,206$670$359$188$15
47 years$2,010$1,151$629$332$171$13
48 years$1,946$1,099$591$307$155$11
49 years$1,885$1,049$556$284$141$9
50 years$1,826$1,002$523$262$128$8

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 $6,056 every year, while hoping to spend $48,380 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: 59/11/30 Blend
54$1,870,000$1,870,000$1,870,000$1,870,000
55$2,066,987$1,967,877$1,938,892$2,171,668
56$2,226,343$2,012,827$1,952,369$2,289,009
57$2,400,333$2,058,358$1,964,676$2,411,325
58$2,590,397$2,104,447$1,975,722$2,543,771
59$2,798,122$2,151,070$1,985,414$2,687,345
60$3,025,256$2,198,198$1,993,650$2,843,149
61$3,273,721$2,245,799$2,000,327$3,012,398
62$3,545,637$2,293,839$2,005,334$3,196,431
63$3,843,335$2,342,280$2,008,555$3,396,724
64$4,169,383$2,391,080$2,009,870$3,614,905
65$4,526,610$2,440,193$2,009,151$3,852,769
66$4,918,131$2,489,569$2,006,264$4,112,292
67$5,347,376$2,539,153$2,001,069$4,395,657
68$5,818,123$2,588,886$1,993,420$4,705,266
69$6,334,534$2,638,704$1,983,162$5,043,772
70$6,901,192$2,688,536$1,970,133$5,414,096
71$7,523,146$2,738,306$1,954,165$5,819,459
72$8,205,957$2,787,934$1,935,080$6,263,414
73$8,955,751$2,837,329$1,912,692$6,749,875
74$9,779,278$2,886,398$1,886,807$7,283,159
75$10,683,970$2,935,038$1,857,221$7,868,026
76$11,678,018$2,983,138$1,823,721$8,509,721
77$12,770,444$3,030,579$1,786,083$9,214,027
78$13,971,187$3,077,236$1,744,075$9,987,320
79$15,291,198$3,122,970$1,697,451$10,836,629
80$16,742,541$3,167,636$1,645,957$11,769,702
81$18,338,508$3,211,078$1,589,324$12,795,079
82$20,093,742$3,253,128$1,527,273$13,922,177
83$22,024,378$3,293,606$1,459,511$15,161,374
84$24,148,194$3,332,321$1,385,733$16,524,112
85$26,484,774$3,369,069$1,305,620$18,023,004
86$29,055,700$3,403,633$1,218,837$19,671,951
87$31,884,749$3,435,778$1,125,035$21,486,278
88$34,998,119$3,465,257$1,023,850$23,482,880
89$38,424,679$3,491,807$914,901$25,680,375
90$42,196,236$3,515,145$797,790$28,099,290
91$46,347,837$3,534,972$672,101$30,762,248
92$50,918,101$3,550,970$537,401$33,694,187
93$55,949,579$3,562,799$393,235$36,922,594
94$61,489,159$3,570,100$239,132$40,477,768
95$67,588,508$3,572,489$74,597$44,393,102
96$74,304,554$3,569,560$0$48,705,406
97$81,700,032$3,560,881$0$53,487,578
98$89,844,064$3,545,993$0$58,779,592
99$98,812,823$3,524,411$0$64,607,011
100$108,690,243$3,495,619$0$71,024,347