Can I retire at age 55 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$156,074$154,684$153,328$152,004$150,711$144,961
2 years$77,265$75,826$74,431$73,079$71,767$66,041
3 years$50,998$49,553$48,162$46,822$45,532$40,011
4 years$37,867$36,427$35,049$33,733$32,474$27,200
5 years$29,991$28,559$27,200$25,910$24,686$19,672
6 years$24,742$23,320$21,981$20,720$19,533$14,783
7 years$20,994$19,585$18,267$17,035$15,886$11,398
8 years$18,184$16,788$15,492$14,291$13,179$8,949
9 years$16,000$14,617$13,343$12,172$11,098$7,121
10 years$14,254$12,884$11,633$10,493$9,456$5,724
11 years$12,826$11,470$10,241$9,132$8,133$4,637
12 years$11,637$10,295$9,089$8,010$7,048$3,779
13 years$10,632$9,303$8,120$7,071$6,146$3,095
14 years$9,771$8,456$7,296$6,277$5,387$2,544
15 years$9,025$7,725$6,587$5,598$4,743$2,098
16 years$8,373$7,088$5,972$5,013$4,192$1,735
17 years$7,799$6,527$5,435$4,504$3,717$1,437
18 years$7,289$6,032$4,961$4,059$3,305$1,193
19 years$6,833$5,590$4,542$3,667$2,946$991
20 years$6,424$5,195$4,168$3,322$2,631$825
21 years$6,053$4,839$3,834$3,015$2,355$687
22 years$5,717$4,517$3,534$2,741$2,111$573
23 years$5,411$4,224$3,263$2,496$1,895$478
24 years$5,130$3,958$3,017$2,277$1,703$399
25 years$4,873$3,714$2,795$2,079$1,532$333
26 years$4,635$3,491$2,592$1,901$1,380$278
27 years$4,416$3,285$2,407$1,740$1,245$232
28 years$4,212$3,096$2,237$1,594$1,123$194
29 years$4,023$2,920$2,082$1,462$1,014$162
30 years$3,847$2,758$1,939$1,342$916$136
31 years$3,683$2,607$1,808$1,232$828$113
32 years$3,529$2,467$1,687$1,133$749$95
33 years$3,385$2,336$1,575$1,041$678$79
34 years$3,249$2,214$1,472$958$614$66
35 years$3,122$2,100$1,376$882$556$55
36 years$3,002$1,993$1,287$812$504$46
37 years$2,888$1,893$1,205$749$457$39
38 years$2,781$1,799$1,128$690$414$32
39 years$2,680$1,711$1,057$636$375$27
40 years$2,584$1,628$991$587$341$23
41 years$2,493$1,550$929$541$309$19
42 years$2,406$1,476$871$500$280$16
43 years$2,324$1,406$818$461$254$13
44 years$2,246$1,340$768$426$231$11
45 years$2,171$1,278$721$393$210$9
46 years$2,100$1,219$677$363$190$8
47 years$2,032$1,164$636$336$173$7
48 years$1,967$1,111$598$310$157$5
49 years$1,905$1,061$562$287$143$5
50 years$1,845$1,013$528$265$129$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,890,000, adding $4,827 every year, while hoping to spend $49,940 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: 55/28/17 Blend
54$1,890,000$1,890,000$1,890,000$1,890,000
55$2,087,759$1,987,589$1,958,294$2,192,872
56$2,247,575$2,031,845$1,970,761$2,309,314
57$2,422,018$2,076,596$1,981,972$2,430,284
58$2,612,528$2,121,813$1,991,832$2,560,896
59$2,820,688$2,167,465$2,000,242$2,702,083
60$3,048,245$2,213,517$2,007,096$2,854,875
61$3,297,117$2,259,930$2,012,285$3,020,403
62$3,569,420$2,306,664$2,015,693$3,199,919
63$3,867,481$2,353,671$2,017,199$3,394,798
64$4,193,865$2,400,902$2,016,676$3,606,557
65$4,551,395$2,448,302$2,013,991$3,836,868
66$4,943,180$2,495,812$2,009,003$4,087,575
67$5,372,646$2,543,367$2,001,565$4,360,707
68$5,843,562$2,590,899$1,991,524$4,658,504
69$6,360,083$2,638,331$1,978,718$4,983,433
70$6,926,785$2,685,582$1,962,978$5,338,213
71$7,548,706$2,732,565$1,944,127$5,725,843
72$8,231,398$2,779,185$1,921,980$6,149,626
73$8,980,976$2,825,340$1,896,341$6,613,204
74$9,804,174$2,870,920$1,867,007$7,120,593
75$10,708,414$2,915,809$1,833,766$7,676,218
76$11,701,869$2,959,881$1,796,394$8,284,957
77$12,793,544$3,002,999$1,754,657$8,952,189
78$13,993,360$3,045,020$1,708,312$9,683,839
79$15,312,245$3,085,789$1,657,103$10,486,443
80$16,762,240$3,125,139$1,600,763$11,367,202
81$18,356,612$3,162,894$1,539,012$12,334,057
82$20,109,976$3,198,865$1,471,558$13,395,759
83$22,038,434$3,232,850$1,398,095$14,561,956
84$24,159,727$3,264,632$1,318,305$15,843,280
85$26,493,404$3,293,984$1,231,852$17,251,455
86$29,061,001$3,320,659$1,138,389$18,799,400
87$31,886,249$3,344,398$1,037,552$20,501,359
88$34,995,295$3,364,922$928,958$22,373,032
89$38,416,948$3,381,936$812,211$24,431,722
90$42,182,952$3,395,125$686,895$26,696,505
91$46,328,283$3,404,157$552,577$29,188,407
92$50,891,483$3,408,675$408,802$31,930,603
93$55,915,017$3,408,303$255,100$34,948,639
94$61,445,678$3,402,640$90,975$38,270,672
95$67,535,028$3,391,260$0$41,927,737
96$74,239,881$3,373,711$0$45,969,313
97$81,622,841$3,349,516$0$50,436,439
98$89,752,895$3,318,166$0$55,354,258
99$98,706,056$3,279,122$0$60,768,684
100$108,566,088$3,231,813$0$66,730,318