Can I retire at age 55 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$156,900$155,503$154,139$152,808$151,509$149,183
2 years$77,673$76,227$74,825$73,465$72,147$69,810
3 years$51,268$49,815$48,417$47,070$45,773$43,497
4 years$38,068$36,619$35,235$33,911$32,646$30,448
5 years$30,150$28,710$27,344$26,047$24,817$22,704
6 years$24,873$23,444$22,098$20,830$19,637$17,611
7 years$21,105$19,688$18,363$17,126$15,970$14,032
8 years$18,280$16,876$15,574$14,366$13,249$11,398
9 years$16,085$14,694$13,414$12,237$11,157$9,394
10 years$14,329$12,952$11,694$10,548$9,506$7,828
11 years$12,894$11,530$10,295$9,180$8,176$6,581
12 years$11,698$10,349$9,137$8,052$7,085$5,572
13 years$10,688$9,353$8,163$7,109$6,178$4,745
14 years$9,822$8,501$7,335$6,310$5,416$4,060
15 years$9,073$7,766$6,622$5,628$4,769$3,487
16 years$8,418$7,125$6,004$5,039$4,214$3,005
17 years$7,840$6,562$5,463$4,528$3,737$2,597
18 years$7,328$6,064$4,987$4,080$3,323$2,250
19 years$6,869$5,620$4,566$3,687$2,962$1,953
20 years$6,457$5,222$4,190$3,339$2,645$1,698
21 years$6,085$4,864$3,854$3,031$2,367$1,478
22 years$5,747$4,540$3,552$2,755$2,122$1,289
23 years$5,439$4,247$3,280$2,509$1,905$1,125
24 years$5,157$3,979$3,033$2,289$1,712$983
25 years$4,898$3,734$2,809$2,090$1,541$860
26 years$4,660$3,509$2,606$1,911$1,388$752
27 years$4,439$3,303$2,420$1,749$1,251$659
28 years$4,235$3,112$2,249$1,603$1,129$577
29 years$4,045$2,936$2,093$1,470$1,019$506
30 years$3,868$2,773$1,950$1,349$921$444
31 years$3,702$2,621$1,818$1,239$833$389
32 years$3,548$2,480$1,696$1,139$753$341
33 years$3,403$2,349$1,583$1,047$682$300
34 years$3,266$2,226$1,479$963$617$263
35 years$3,138$2,111$1,383$887$559$231
36 years$3,018$2,004$1,294$817$507$203
37 years$2,904$1,903$1,211$752$459$178
38 years$2,796$1,809$1,134$694$416$157
39 years$2,694$1,720$1,063$640$377$138
40 years$2,598$1,636$996$590$342$121
41 years$2,506$1,558$934$544$311$106
42 years$2,419$1,484$876$502$282$93
43 years$2,336$1,414$822$464$256$82
44 years$2,257$1,347$772$428$232$72
45 years$2,182$1,285$725$395$211$63
46 years$2,111$1,226$681$365$191$56
47 years$2,043$1,170$639$337$174$49
48 years$1,977$1,117$601$312$158$43
49 years$1,915$1,066$565$288$143$38
50 years$1,855$1,019$531$266$130$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,900,000, adding $5,871 every year, while hoping to spend $44,229 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: 73/19/8 Blend
54$1,900,000$1,900,000$1,900,000$1,900,000
55$2,099,856$1,999,156$1,969,706$2,250,034
56$2,266,982$2,050,055$1,988,632$2,400,781
57$2,449,672$2,101,966$2,006,709$2,559,718
58$2,649,468$2,154,892$2,023,863$2,732,544
59$2,868,066$2,208,834$2,040,015$2,920,620
60$3,107,334$2,263,792$2,055,080$3,125,442
61$3,369,329$2,319,764$2,068,972$3,348,656
62$3,656,316$2,376,749$2,081,599$3,592,077
63$3,970,791$2,434,740$2,092,863$3,857,703
64$4,315,500$2,493,731$2,102,662$4,147,735
65$4,693,470$2,553,712$2,110,890$4,464,596
66$5,108,033$2,614,673$2,117,434$4,810,956
67$5,562,860$2,676,600$2,122,176$5,189,756
68$6,061,995$2,739,476$2,124,992$5,604,234
69$6,609,890$2,803,282$2,125,751$6,057,960
70$7,211,453$2,867,997$2,124,317$6,554,864
71$7,872,086$2,933,594$2,120,547$7,099,278
72$8,597,743$3,000,044$2,114,290$7,695,971
73$9,394,983$3,067,316$2,105,388$8,350,201
74$10,271,029$3,135,373$2,093,677$9,067,759
75$11,233,842$3,204,174$2,078,983$9,855,025
76$12,292,190$3,273,674$2,061,125$10,719,030
77$13,455,732$3,343,824$2,039,911$11,667,519
78$14,735,113$3,414,567$2,015,144$12,709,027
79$16,142,057$3,485,844$1,986,615$13,852,959
80$17,689,485$3,557,588$1,954,105$15,109,675
81$19,391,630$3,629,727$1,917,385$16,490,595
82$21,264,175$3,702,183$1,876,216$18,008,298
83$23,324,400$3,774,869$1,830,348$19,676,648
84$25,591,343$3,847,691$1,779,518$21,510,920
85$28,085,981$3,920,549$1,723,453$23,527,948
86$30,831,428$3,993,334$1,661,866$25,746,281
87$33,853,153$4,065,926$1,594,458$28,186,357
88$37,179,216$4,138,198$1,520,914$30,870,701
89$40,840,539$4,210,012$1,440,907$33,824,133
90$44,871,191$4,281,220$1,354,095$37,074,003
91$49,308,715$4,351,662$1,260,119$40,650,451
92$54,194,477$4,421,167$1,158,606$44,586,690
93$59,574,059$4,489,549$1,049,165$48,919,321
94$65,497,689$4,556,613$931,388$53,688,677
95$72,020,712$4,622,146$804,848$58,939,203
96$79,204,114$4,685,921$669,100$64,719,880
97$87,115,098$4,747,695$523,680$71,084,682
98$95,827,716$4,807,210$368,101$78,093,090
99$105,423,567$4,864,187$201,856$85,810,651
100$115,992,570$4,918,332$24,417$94,309,599