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%16.4%
1 years$156,900$155,503$154,139$152,808$151,509$147,547
2 years$77,673$76,227$74,825$73,465$72,147$68,182
3 years$51,268$49,815$48,417$47,070$45,773$41,930
4 years$38,068$36,619$35,235$33,911$32,646$28,953
5 years$30,150$28,710$27,344$26,047$24,817$21,286
6 years$24,873$23,444$22,098$20,830$19,637$16,270
7 years$21,105$19,688$18,363$17,126$15,970$12,768
8 years$18,280$16,876$15,574$14,366$13,249$10,210
9 years$16,085$14,694$13,414$12,237$11,157$8,279
10 years$14,329$12,952$11,694$10,548$9,506$6,786
11 years$12,894$11,530$10,295$9,180$8,176$5,608
12 years$11,698$10,349$9,137$8,052$7,085$4,666
13 years$10,688$9,353$8,163$7,109$6,178$3,902
14 years$9,822$8,501$7,335$6,310$5,416$3,278
15 years$9,073$7,766$6,622$5,628$4,769$2,763
16 years$8,418$7,125$6,004$5,039$4,214$2,336
17 years$7,840$6,562$5,463$4,528$3,737$1,980
18 years$7,328$6,064$4,987$4,080$3,323$1,682
19 years$6,869$5,620$4,566$3,687$2,962$1,431
20 years$6,457$5,222$4,190$3,339$2,645$1,219
21 years$6,085$4,864$3,854$3,031$2,367$1,040
22 years$5,747$4,540$3,552$2,755$2,122$888
23 years$5,439$4,247$3,280$2,509$1,905$759
24 years$5,157$3,979$3,033$2,289$1,712$649
25 years$4,898$3,734$2,809$2,090$1,541$556
26 years$4,660$3,509$2,606$1,911$1,388$476
27 years$4,439$3,303$2,420$1,749$1,251$408
28 years$4,235$3,112$2,249$1,603$1,129$349
29 years$4,045$2,936$2,093$1,470$1,019$300
30 years$3,868$2,773$1,950$1,349$921$257
31 years$3,702$2,621$1,818$1,239$833$220
32 years$3,548$2,480$1,696$1,139$753$189
33 years$3,403$2,349$1,583$1,047$682$162
34 years$3,266$2,226$1,479$963$617$139
35 years$3,138$2,111$1,383$887$559$120
36 years$3,018$2,004$1,294$817$507$103
37 years$2,904$1,903$1,211$752$459$88
38 years$2,796$1,809$1,134$694$416$76
39 years$2,694$1,720$1,063$640$377$65
40 years$2,598$1,636$996$590$342$56
41 years$2,506$1,558$934$544$311$48
42 years$2,419$1,484$876$502$282$41
43 years$2,336$1,414$822$464$256$35
44 years$2,257$1,347$772$428$232$30
45 years$2,182$1,285$725$395$211$26
46 years$2,111$1,226$681$365$191$22
47 years$2,043$1,170$639$337$174$19
48 years$1,977$1,117$601$312$158$17
49 years$1,915$1,066$565$288$143$14
50 years$1,855$1,019$531$266$130$12

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 $6,903 every year, while hoping to spend $46,184 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: 65/21/14 Blend
54$1,900,000$1,900,000$1,900,000$1,900,000
55$2,100,920$2,000,220$1,970,770$2,230,090
56$2,266,075$2,049,092$1,987,652$2,366,171
57$2,446,527$2,098,810$2,003,551$2,508,808
58$2,643,789$2,149,368$2,018,386$2,663,520
59$2,859,525$2,200,756$2,032,071$2,831,486
60$3,095,566$2,252,963$2,044,516$3,014,002
61$3,353,932$2,305,976$2,055,625$3,212,497
62$3,636,844$2,359,780$2,065,299$3,428,546
63$3,946,748$2,414,355$2,073,432$3,663,881
64$4,286,339$2,469,681$2,079,915$3,920,412
65$4,658,584$2,525,734$2,084,631$4,200,243
66$5,066,752$2,582,488$2,087,459$4,505,692
67$5,514,443$2,639,912$2,088,270$4,839,311
68$6,005,621$2,697,972$2,086,932$5,203,916
69$6,544,653$2,756,631$2,083,303$5,602,604
70$7,136,350$2,815,849$2,077,236$6,038,792
71$7,786,011$2,875,578$2,068,577$6,516,243
72$8,499,472$2,935,770$2,057,162$7,039,103
73$9,283,164$2,996,368$2,042,823$7,611,943
74$10,144,169$3,057,313$2,025,380$8,239,796
75$11,090,293$3,118,540$2,004,648$8,928,212
76$12,130,130$3,179,976$1,980,432$9,683,305
77$13,273,153$3,241,544$1,952,526$10,511,811
78$14,529,795$3,303,160$1,920,716$11,421,156
79$15,911,552$3,364,733$1,884,778$12,419,521
80$17,431,090$3,426,164$1,844,477$13,515,925
81$19,102,362$3,487,347$1,799,568$14,720,302
82$20,940,743$3,548,167$1,749,794$16,043,603
83$22,963,172$3,608,500$1,694,885$17,497,897
84$25,188,312$3,668,214$1,634,560$19,096,481
85$27,636,728$3,727,164$1,568,526$20,854,013
86$30,331,077$3,785,198$1,496,475$22,786,644
87$33,296,326$3,842,152$1,418,085$24,912,175
88$36,559,981$3,897,847$1,333,021$27,250,221
89$40,152,353$3,952,095$1,240,931$29,822,402
90$44,106,839$4,004,695$1,141,449$32,652,544
91$48,460,240$4,055,428$1,034,191$35,766,903
92$53,253,105$4,104,064$918,756$39,194,416
93$58,530,114$4,150,356$794,727$42,966,974
94$64,340,502$4,194,039$661,667$47,119,722
95$70,738,519$4,234,833$519,119$51,691,392
96$77,783,946$4,272,438$366,607$56,724,670
97$85,542,654$4,306,533$203,634$62,266,598
98$94,087,230$4,336,779$29,681$68,369,020
99$103,497,658$4,362,812$0$75,089,071
100$113,862,077$4,384,246$0$82,513,015