Can I retire at age 55 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$155,249$153,866$152,517$151,200$149,914$148,596
2 years$76,856$75,424$74,037$72,692$71,388$70,059
3 years$50,728$49,291$47,907$46,575$45,291$43,994
4 years$37,667$36,234$34,864$33,554$32,302$31,046
5 years$29,832$28,408$27,056$25,773$24,556$23,344
6 years$24,611$23,197$21,865$20,611$19,430$18,265
7 years$20,883$19,481$18,170$16,945$15,802$14,683
8 years$18,088$16,699$15,410$14,215$13,109$12,037
9 years$15,915$14,539$13,272$12,108$11,040$10,014
10 years$14,178$12,816$11,571$10,437$9,406$8,427
11 years$12,758$11,409$10,187$9,084$8,090$7,155
12 years$11,575$10,240$9,041$7,967$7,010$6,120
13 years$10,575$9,254$8,077$7,034$6,113$5,266
14 years$9,719$8,412$7,257$6,244$5,359$4,554
15 years$8,977$7,684$6,553$5,569$4,718$3,954
16 years$8,329$7,050$5,941$4,986$4,170$3,445
17 years$7,758$6,493$5,406$4,480$3,697$3,011
18 years$7,250$6,000$4,935$4,037$3,288$2,639
19 years$6,797$5,560$4,518$3,648$2,930$2,317
20 years$6,390$5,167$4,146$3,304$2,617$2,039
21 years$6,021$4,813$3,814$2,999$2,342$1,797
22 years$5,687$4,493$3,515$2,726$2,100$1,586
23 years$5,382$4,202$3,245$2,483$1,885$1,401
24 years$5,103$3,937$3,001$2,265$1,694$1,239
25 years$4,847$3,695$2,780$2,068$1,524$1,097
26 years$4,611$3,472$2,578$1,891$1,373$973
27 years$4,392$3,268$2,394$1,731$1,238$863
28 years$4,190$3,079$2,226$1,586$1,117$765
29 years$4,002$2,905$2,071$1,454$1,009$680
30 years$3,827$2,743$1,929$1,335$911$604
31 years$3,663$2,593$1,799$1,226$824$537
32 years$3,510$2,454$1,678$1,127$745$477
33 years$3,367$2,324$1,567$1,036$675$425
34 years$3,232$2,203$1,464$953$611$378
35 years$3,105$2,089$1,369$877$553$336
36 years$2,986$1,983$1,280$808$501$299
37 years$2,873$1,883$1,198$745$454$267
38 years$2,767$1,790$1,122$686$412$237
39 years$2,666$1,702$1,051$633$373$211
40 years$2,570$1,619$985$584$339$188
41 years$2,480$1,541$924$538$307$168
42 years$2,394$1,468$867$497$279$150
43 years$2,312$1,399$813$459$253$133
44 years$2,234$1,333$764$424$230$119
45 years$2,159$1,271$717$391$209$106
46 years$2,089$1,213$673$361$189$94
47 years$2,021$1,157$633$334$172$84
48 years$1,956$1,105$594$308$156$75
49 years$1,895$1,055$559$285$142$67
50 years$1,836$1,008$525$264$129$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,880,000, adding $4,989 every year, while hoping to spend $27,923 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: 28/47/25 Blend
54$1,880,000$1,880,000$1,880,000$1,880,000
55$2,076,906$1,977,266$1,948,126$2,118,740
56$2,259,041$2,044,442$1,983,679$2,219,336
57$2,458,817$2,113,974$2,019,486$2,324,568
58$2,678,005$2,185,948$2,055,528$2,437,056
59$2,918,555$2,260,453$2,091,781$2,557,440
60$3,182,614$2,337,581$2,128,222$2,686,421
61$3,472,547$2,417,429$2,164,824$2,824,771
62$3,790,961$2,500,097$2,201,559$2,973,335
63$4,140,725$2,585,688$2,238,398$3,133,044
64$4,525,003$2,674,310$2,275,308$3,304,916
65$4,947,278$2,766,076$2,312,255$3,490,075
66$5,411,387$2,861,101$2,349,203$3,689,751
67$5,921,559$2,959,506$2,386,112$3,905,299
68$6,482,453$3,061,416$2,422,942$4,138,208
69$7,099,200$3,166,962$2,459,647$4,390,114
70$7,777,455$3,276,280$2,496,181$4,662,817
71$8,523,447$3,389,509$2,532,495$4,958,295
72$9,344,040$3,506,796$2,568,535$5,278,724
73$10,246,796$3,628,293$2,604,245$5,626,499
74$11,240,048$3,754,158$2,639,566$6,004,253
75$12,332,975$3,884,555$2,674,434$6,414,884
76$13,535,695$4,019,654$2,708,784$6,861,579
77$14,859,352$4,159,633$2,742,544$7,347,847
78$16,316,226$4,304,676$2,775,640$7,877,550
79$17,919,851$4,454,974$2,807,993$8,454,936
80$19,685,135$4,610,728$2,839,520$9,084,683
81$21,628,508$4,772,143$2,870,133$9,771,941
82$23,768,073$4,939,435$2,899,740$10,522,377
83$26,123,778$5,112,828$2,928,243$11,342,231
84$28,717,602$5,292,556$2,955,538$12,238,375
85$31,573,766$5,478,860$2,981,517$13,218,373
86$34,718,959$5,671,993$3,006,066$14,290,554
87$38,182,588$5,872,216$3,029,065$15,464,092
88$41,997,060$6,079,802$3,050,386$16,749,087
89$46,198,083$6,295,035$3,069,897$18,156,664
90$50,825,006$6,518,210$3,087,457$19,699,073
91$55,921,188$6,749,635$3,102,919$21,389,806
92$61,534,411$6,989,628$3,116,128$23,243,725
93$67,717,324$7,238,523$3,126,922$25,277,197
94$74,527,945$7,496,665$3,135,128$27,508,252
95$82,030,209$7,764,415$3,140,568$29,956,747
96$90,294,567$8,042,148$3,143,054$32,644,558
97$99,398,654$8,330,254$3,142,387$35,595,782
98$109,428,019$8,629,139$3,138,360$38,836,962
99$120,476,938$8,939,227$3,130,755$42,397,340
100$132,649,294$9,260,958$3,119,344$46,309,130