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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.6%
1 years$156,074$154,684$153,328$152,004$150,711$147,850
2 years$77,265$75,826$74,431$73,079$71,767$68,896
3 years$50,998$49,553$48,162$46,822$45,532$42,740
4 years$37,867$36,427$35,049$33,733$32,474$29,782
5 years$29,991$28,559$27,200$25,910$24,686$22,103
6 years$24,742$23,320$21,981$20,720$19,533$17,061
7 years$20,994$19,585$18,267$17,035$15,886$13,526
8 years$18,184$16,788$15,492$14,291$13,179$10,930
9 years$16,000$14,617$13,343$12,172$11,098$8,960
10 years$14,254$12,884$11,633$10,493$9,456$7,425
11 years$12,826$11,470$10,241$9,132$8,133$6,207
12 years$11,637$10,295$9,089$8,010$7,048$5,225
13 years$10,632$9,303$8,120$7,071$6,146$4,423
14 years$9,771$8,456$7,296$6,277$5,387$3,761
15 years$9,025$7,725$6,587$5,598$4,743$3,211
16 years$8,373$7,088$5,972$5,013$4,192$2,750
17 years$7,799$6,527$5,435$4,504$3,717$2,361
18 years$7,289$6,032$4,961$4,059$3,305$2,032
19 years$6,833$5,590$4,542$3,667$2,946$1,752
20 years$6,424$5,195$4,168$3,322$2,631$1,513
21 years$6,053$4,839$3,834$3,015$2,355$1,309
22 years$5,717$4,517$3,534$2,741$2,111$1,133
23 years$5,411$4,224$3,263$2,496$1,895$982
24 years$5,130$3,958$3,017$2,277$1,703$852
25 years$4,873$3,714$2,795$2,079$1,532$740
26 years$4,635$3,491$2,592$1,901$1,380$643
27 years$4,416$3,285$2,407$1,740$1,245$559
28 years$4,212$3,096$2,237$1,594$1,123$486
29 years$4,023$2,920$2,082$1,462$1,014$423
30 years$3,847$2,758$1,939$1,342$916$368
31 years$3,683$2,607$1,808$1,232$828$321
32 years$3,529$2,467$1,687$1,133$749$279
33 years$3,385$2,336$1,575$1,041$678$243
34 years$3,249$2,214$1,472$958$614$212
35 years$3,122$2,100$1,376$882$556$185
36 years$3,002$1,993$1,287$812$504$161
37 years$2,888$1,893$1,205$749$457$140
38 years$2,781$1,799$1,128$690$414$122
39 years$2,680$1,711$1,057$636$375$107
40 years$2,584$1,628$991$587$341$93
41 years$2,493$1,550$929$541$309$81
42 years$2,406$1,476$871$500$280$71
43 years$2,324$1,406$818$461$254$62
44 years$2,246$1,340$768$426$231$54
45 years$2,171$1,278$721$393$210$47
46 years$2,100$1,219$677$363$190$41
47 years$2,032$1,164$636$336$173$36
48 years$1,967$1,111$598$310$157$31
49 years$1,905$1,061$562$287$143$27
50 years$1,845$1,013$528$265$129$24

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 $5,008 every year, while hoping to spend $48,047 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: 71/23/6 Blend
54$1,890,000$1,890,000$1,890,000$1,890,000
55$2,087,946$1,987,776$1,958,481$2,234,244
56$2,249,795$2,034,055$1,972,968$2,377,766
57$2,426,542$2,080,992$1,986,331$2,528,347
58$2,619,656$2,128,567$1,998,480$2,691,818
59$2,830,754$2,176,761$2,009,322$2,869,432
60$3,061,618$2,225,548$2,018,761$3,062,572
61$3,314,206$2,274,903$2,026,693$3,272,758
62$3,590,678$2,324,796$2,033,010$3,501,666
63$3,893,410$2,375,195$2,037,599$3,751,140
64$4,225,020$2,426,061$2,040,340$4,023,212
65$4,588,390$2,477,357$2,041,110$4,320,121
66$4,986,696$2,529,037$2,039,777$4,644,332
67$5,423,433$2,581,054$2,036,204$4,998,560
68$5,902,452$2,633,354$2,030,245$5,385,797
69$6,427,994$2,685,881$2,021,751$5,809,339
70$7,004,732$2,738,571$2,010,562$6,272,816
71$7,637,811$2,791,358$1,996,512$6,780,227
72$8,332,900$2,844,167$1,979,427$7,335,980
73$9,096,243$2,896,918$1,959,126$7,944,930
74$9,934,719$2,949,526$1,935,415$8,612,426
75$10,855,905$3,001,898$1,908,096$9,344,364
76$11,868,149$3,053,932$1,876,959$10,147,236
77$12,980,647$3,105,523$1,841,785$11,028,200
78$14,203,532$3,156,552$1,802,344$11,995,140
79$15,547,966$3,206,896$1,758,395$13,056,746
80$17,026,245$3,256,421$1,709,688$14,222,591
81$18,651,918$3,304,982$1,655,959$15,503,226
82$20,439,914$3,352,426$1,596,934$16,910,276
83$22,406,679$3,398,589$1,532,325$18,456,552
84$24,570,333$3,443,293$1,461,831$20,156,172
85$26,950,843$3,486,349$1,385,138$22,024,692
86$29,570,206$3,527,558$1,301,917$24,079,255
87$32,452,661$3,566,702$1,211,825$26,338,753
88$35,624,915$3,603,553$1,114,504$28,824,005
89$39,116,394$3,637,865$1,009,577$31,557,952
90$42,959,523$3,669,376$896,655$34,565,878
91$47,190,028$3,697,810$775,327$37,875,642
92$51,847,277$3,722,869$645,166$41,517,950
93$56,974,647$3,744,237$505,727$45,526,638
94$62,619,936$3,761,580$356,544$49,938,993
95$68,835,811$3,774,539$197,130$54,796,108
96$75,680,308$3,782,736$26,978$60,143,268
97$83,217,376$3,785,766$0$66,030,379
98$91,517,481$3,783,201$0$72,522,336
99$100,658,273$3,774,587$0$79,672,336
100$110,725,315$3,759,440$0$87,545,482