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

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$156,900$155,503$154,139$152,808$151,509$145,785
2 years$77,673$76,227$74,825$73,465$72,147$66,447
3 years$51,268$49,815$48,417$47,070$45,773$40,276
4 years$38,068$36,619$35,235$33,911$32,646$27,394
5 years$30,150$28,710$27,344$26,047$24,817$19,823
6 years$24,873$23,444$22,098$20,830$19,637$14,905
7 years$21,105$19,688$18,363$17,126$15,970$11,499
8 years$18,280$16,876$15,574$14,366$13,249$9,034
9 years$16,085$14,694$13,414$12,237$11,157$7,193
10 years$14,329$12,952$11,694$10,548$9,506$5,785
11 years$12,894$11,530$10,295$9,180$8,176$4,689
12 years$11,698$10,349$9,137$8,052$7,085$3,824
13 years$10,688$9,353$8,163$7,109$6,178$3,134
14 years$9,822$8,501$7,335$6,310$5,416$2,578
15 years$9,073$7,766$6,622$5,628$4,769$2,128
16 years$8,418$7,125$6,004$5,039$4,214$1,761
17 years$7,840$6,562$5,463$4,528$3,737$1,460
18 years$7,328$6,064$4,987$4,080$3,323$1,212
19 years$6,869$5,620$4,566$3,687$2,962$1,008
20 years$6,457$5,222$4,190$3,339$2,645$840
21 years$6,085$4,864$3,854$3,031$2,367$700
22 years$5,747$4,540$3,552$2,755$2,122$584
23 years$5,439$4,247$3,280$2,509$1,905$487
24 years$5,157$3,979$3,033$2,289$1,712$407
25 years$4,898$3,734$2,809$2,090$1,541$340
26 years$4,660$3,509$2,606$1,911$1,388$284
27 years$4,439$3,303$2,420$1,749$1,251$238
28 years$4,235$3,112$2,249$1,603$1,129$199
29 years$4,045$2,936$2,093$1,470$1,019$166
30 years$3,868$2,773$1,950$1,349$921$139
31 years$3,702$2,621$1,818$1,239$833$116
32 years$3,548$2,480$1,696$1,139$753$97
33 years$3,403$2,349$1,583$1,047$682$82
34 years$3,266$2,226$1,479$963$617$68
35 years$3,138$2,111$1,383$887$559$57
36 years$3,018$2,004$1,294$817$507$48
37 years$2,904$1,903$1,211$752$459$40
38 years$2,796$1,809$1,134$694$416$34
39 years$2,694$1,720$1,063$640$377$28
40 years$2,598$1,636$996$590$342$24
41 years$2,506$1,558$934$544$311$20
42 years$2,419$1,484$876$502$282$17
43 years$2,336$1,414$822$464$256$14
44 years$2,257$1,347$772$428$232$12
45 years$2,182$1,285$725$395$211$10
46 years$2,111$1,226$681$365$191$8
47 years$2,043$1,170$639$337$174$7
48 years$1,977$1,117$601$312$158$6
49 years$1,915$1,066$565$288$143$5
50 years$1,855$1,019$531$266$130$4

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 $2,062 every year, while hoping to spend $51,933 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: 47/27/26 Blend
54$1,900,000$1,900,000$1,900,000$1,900,000
55$2,095,927$1,995,227$1,965,777$2,178,748
56$2,254,455$2,037,737$1,976,374$2,279,754
57$2,427,413$2,080,589$1,985,586$2,384,069
58$2,616,217$2,123,746$1,993,311$2,496,283
59$2,822,426$2,167,165$1,999,442$2,617,162
60$3,047,759$2,210,801$2,003,869$2,747,553
61$3,294,106$2,254,606$2,006,474$2,888,390
62$3,563,547$2,298,524$2,007,133$3,040,702
63$3,858,375$2,342,497$2,005,718$3,205,626
64$4,181,112$2,386,463$2,002,093$3,384,414
65$4,534,538$2,430,352$1,996,115$3,578,448
66$4,921,713$2,474,091$1,987,637$3,789,252
67$5,346,006$2,517,600$1,976,501$4,018,507
68$5,811,128$2,560,792$1,962,543$4,268,066
69$6,321,168$2,603,575$1,945,593$4,539,975
70$6,880,626$2,645,850$1,925,470$4,836,489
71$7,494,463$2,687,509$1,901,986$5,160,096
72$8,168,139$2,728,438$1,874,944$5,513,540
73$8,907,671$2,768,514$1,844,136$5,899,845
74$9,719,687$2,807,604$1,809,348$6,322,350
75$10,611,486$2,845,568$1,770,352$6,784,735
76$11,591,111$2,882,254$1,726,913$7,291,060
77$12,667,422$2,917,502$1,678,782$7,845,800
78$13,850,178$2,951,138$1,625,699$8,453,893
79$15,150,131$2,982,979$1,567,395$9,120,783
80$16,579,127$3,012,828$1,503,586$9,852,473
81$18,150,217$3,040,476$1,433,975$10,655,585
82$19,877,779$3,065,698$1,358,253$11,537,419
83$21,777,653$3,088,259$1,276,095$12,506,025
84$23,867,293$3,107,903$1,187,164$13,570,282
85$26,165,929$3,124,362$1,091,106$14,739,977
86$28,694,747$3,137,349$987,552$16,025,905
87$31,477,092$3,146,560$876,115$17,439,965
88$34,538,682$3,151,669$756,392$18,995,280
89$37,907,860$3,152,332$627,963$20,706,317
90$41,615,850$3,148,184$490,388$22,589,029
91$45,697,058$3,138,837$343,208$24,661,003
92$50,189,396$3,123,878$185,943$26,941,630
93$55,134,637$3,102,871$18,094$29,452,287
94$60,578,809$3,075,350$0$32,216,542
95$66,572,630$3,040,825$0$35,305,054
96$73,171,986$2,998,773$0$38,710,054
97$80,438,459$2,948,643$0$42,458,256
98$88,439,904$2,889,849$0$46,584,638
99$97,251,093$2,821,771$0$51,127,750
100$106,954,419$2,743,752$0$56,130,080