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%14.7%
1 years$156,900$155,503$154,139$152,808$151,509$148,571
2 years$77,673$76,227$74,825$73,465$72,147$69,199
3 years$51,268$49,815$48,417$47,070$45,773$42,907
4 years$38,068$36,619$35,235$33,911$32,646$29,884
5 years$30,150$28,710$27,344$26,047$24,817$22,167
6 years$24,873$23,444$22,098$20,830$19,637$17,101
7 years$21,105$19,688$18,363$17,126$15,970$13,550
8 years$18,280$16,876$15,574$14,366$13,249$10,943
9 years$16,085$14,694$13,414$12,237$11,157$8,965
10 years$14,329$12,952$11,694$10,548$9,506$7,425
11 years$12,894$11,530$10,295$9,180$8,176$6,203
12 years$11,698$10,349$9,137$8,052$7,085$5,218
13 years$10,688$9,353$8,163$7,109$6,178$4,414
14 years$9,822$8,501$7,335$6,310$5,416$3,752
15 years$9,073$7,766$6,622$5,628$4,769$3,200
16 years$8,418$7,125$6,004$5,039$4,214$2,739
17 years$7,840$6,562$5,463$4,528$3,737$2,350
18 years$7,328$6,064$4,987$4,080$3,323$2,021
19 years$6,869$5,620$4,566$3,687$2,962$1,741
20 years$6,457$5,222$4,190$3,339$2,645$1,503
21 years$6,085$4,864$3,854$3,031$2,367$1,299
22 years$5,747$4,540$3,552$2,755$2,122$1,124
23 years$5,439$4,247$3,280$2,509$1,905$973
24 years$5,157$3,979$3,033$2,289$1,712$844
25 years$4,898$3,734$2,809$2,090$1,541$732
26 years$4,660$3,509$2,606$1,911$1,388$635
27 years$4,439$3,303$2,420$1,749$1,251$552
28 years$4,235$3,112$2,249$1,603$1,129$480
29 years$4,045$2,936$2,093$1,470$1,019$417
30 years$3,868$2,773$1,950$1,349$921$363
31 years$3,702$2,621$1,818$1,239$833$316
32 years$3,548$2,480$1,696$1,139$753$275
33 years$3,403$2,349$1,583$1,047$682$239
34 years$3,266$2,226$1,479$963$617$208
35 years$3,138$2,111$1,383$887$559$181
36 years$3,018$2,004$1,294$817$507$158
37 years$2,904$1,903$1,211$752$459$137
38 years$2,796$1,809$1,134$694$416$120
39 years$2,694$1,720$1,063$640$377$104
40 years$2,598$1,636$996$590$342$91
41 years$2,506$1,558$934$544$311$79
42 years$2,419$1,484$876$502$282$69
43 years$2,336$1,414$822$464$256$60
44 years$2,257$1,347$772$428$232$52
45 years$2,182$1,285$725$395$211$46
46 years$2,111$1,226$681$365$191$40
47 years$2,043$1,170$639$337$174$35
48 years$1,977$1,117$601$312$158$30
49 years$1,915$1,066$565$288$143$26
50 years$1,855$1,019$531$266$130$23

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 $5,277 every year, while hoping to spend $22,151 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: 69/19/12 Blend
54$1,900,000$1,900,000$1,900,000$1,900,000
55$2,099,243$1,998,543$1,969,093$2,238,304
56$2,289,798$2,072,903$2,011,489$2,405,704
57$2,499,046$2,150,165$2,054,563$2,585,616
58$2,728,872$2,230,446$2,098,315$2,781,862
59$2,981,350$2,313,871$2,142,741$2,996,045
60$3,258,767$2,400,570$2,187,842$3,229,928
61$3,563,639$2,490,676$2,233,613$3,485,453
62$3,898,741$2,584,330$2,280,050$3,764,756
63$4,267,130$2,681,679$2,327,149$4,070,190
64$4,672,172$2,782,876$2,374,903$4,404,345
65$5,117,576$2,888,080$2,423,305$4,770,072
66$5,607,431$2,997,457$2,472,347$5,170,512
67$6,146,238$3,111,182$2,522,020$5,609,122
68$6,738,959$3,229,435$2,572,313$6,089,709
69$7,391,061$3,352,405$2,623,213$6,616,466
70$8,108,566$3,480,290$2,674,707$7,194,011
71$8,898,110$3,613,295$2,726,781$7,827,428
72$9,767,006$3,751,635$2,779,417$8,522,318
73$10,723,310$3,895,534$2,832,596$9,284,850
74$11,775,899$4,045,226$2,886,299$10,121,819
75$12,934,554$4,200,956$2,940,504$11,040,707
76$14,210,054$4,362,979$2,995,187$12,049,758
77$15,614,275$4,531,560$3,050,321$13,158,052
78$17,160,302$4,706,977$3,105,878$14,375,592
79$18,862,555$4,889,522$3,161,827$15,713,396
80$20,736,923$5,079,495$3,218,135$17,183,602
81$22,800,913$5,277,215$3,274,767$18,799,581
82$25,073,819$5,483,011$3,331,684$20,576,064
83$27,576,898$5,697,228$3,388,845$22,529,279
84$30,333,576$5,920,227$3,446,206$24,677,105
85$33,369,666$6,152,383$3,503,719$27,039,239
86$36,713,612$6,394,090$3,561,334$29,637,382
87$40,396,759$6,645,758$3,618,996$32,495,441
88$44,453,644$6,907,817$3,676,649$35,639,759
89$48,922,329$7,180,713$3,734,230$39,099,358
90$53,844,754$7,464,915$3,791,674$42,906,213
91$59,267,135$7,760,912$3,848,911$47,095,555
92$65,240,400$8,069,214$3,905,867$51,706,202
93$71,820,672$8,390,357$3,962,465$56,780,925
94$79,069,792$8,724,896$4,018,619$62,366,848
95$87,055,910$9,073,415$4,074,242$68,515,896
96$95,854,123$9,436,523$4,129,239$75,285,281
97$105,547,188$9,814,856$4,183,513$82,738,045
98$116,226,297$10,209,080$4,236,956$90,943,648
99$127,991,944$10,619,889$4,289,459$99,978,630
100$140,954,869$11,048,011$4,340,903$109,927,324