Can I retire at age 55 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$157,726$156,321$154,950$153,612$152,306$150,341
2 years$78,082$76,628$75,219$73,852$72,527$70,549
3 years$51,538$50,077$48,671$47,318$46,014$44,086
4 years$38,268$36,812$35,420$34,090$32,818$30,954
5 years$30,308$28,861$27,488$26,184$24,947$23,154
6 years$25,004$23,567$22,214$20,940$19,740$18,018
7 years$21,216$19,792$18,460$17,216$16,054$14,405
8 years$18,377$16,965$15,656$14,442$13,318$11,742
9 years$16,169$14,771$13,484$12,301$11,216$9,711
10 years$14,405$13,020$11,756$10,604$9,557$8,122
11 years$12,962$11,591$10,350$9,228$8,219$6,854
12 years$11,760$10,404$9,185$8,095$7,122$5,825
13 years$10,744$9,402$8,206$7,146$6,211$4,980
14 years$9,874$8,546$7,373$6,344$5,444$4,278
15 years$9,121$7,807$6,657$5,657$4,794$3,690
16 years$8,462$7,163$6,036$5,066$4,237$3,193
17 years$7,882$6,597$5,492$4,551$3,756$2,771
18 years$7,366$6,095$5,014$4,102$3,340$2,411
19 years$6,906$5,649$4,590$3,706$2,977$2,102
20 years$6,491$5,250$4,212$3,357$2,659$1,836
21 years$6,117$4,890$3,874$3,046$2,380$1,606
22 years$5,778$4,564$3,571$2,770$2,133$1,406
23 years$5,468$4,269$3,297$2,523$1,915$1,233
24 years$5,185$4,000$3,049$2,301$1,721$1,083
25 years$4,924$3,754$2,824$2,101$1,549$951
26 years$4,684$3,528$2,619$1,921$1,395$836
27 years$4,463$3,320$2,432$1,759$1,258$736
28 years$4,257$3,128$2,261$1,611$1,135$648
29 years$4,066$2,951$2,104$1,478$1,025$571
30 years$3,888$2,787$1,960$1,356$926$503
31 years$3,722$2,635$1,827$1,245$837$443
32 years$3,566$2,493$1,705$1,145$757$391
33 years$3,421$2,361$1,592$1,052$685$345
34 years$3,284$2,238$1,487$968$620$304
35 years$3,155$2,122$1,391$891$562$269
36 years$3,034$2,014$1,301$821$509$237
37 years$2,919$1,913$1,218$756$461$209
38 years$2,811$1,818$1,140$697$418$185
39 years$2,708$1,729$1,068$643$379$163
40 years$2,611$1,645$1,001$593$344$144
41 years$2,519$1,566$939$547$312$127
42 years$2,432$1,491$881$505$283$113
43 years$2,349$1,421$826$466$257$99
44 years$2,269$1,354$776$430$233$88
45 years$2,194$1,292$728$397$212$78
46 years$2,122$1,232$684$367$192$69
47 years$2,053$1,176$643$339$175$61
48 years$1,988$1,122$604$313$159$54
49 years$1,925$1,072$568$290$144$47
50 years$1,865$1,024$534$268$131$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,910,000, adding $5,257 every year, while hoping to spend $44,167 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: 67/25/8 Blend
54$1,910,000$1,910,000$1,910,000$1,910,000
55$2,110,243$2,009,013$1,979,408$2,248,146
56$2,278,494$2,060,461$1,998,724$2,391,827
57$2,462,427$2,112,950$2,017,208$2,543,048
58$2,663,594$2,166,484$2,034,784$2,707,198
59$2,883,705$2,221,066$2,051,374$2,885,531
60$3,124,642$2,276,698$2,066,894$3,079,433
61$3,388,480$2,333,380$2,081,259$3,290,427
62$3,677,500$2,391,111$2,094,377$3,520,191
63$3,994,218$2,449,888$2,106,151$3,770,572
64$4,341,401$2,509,706$2,116,480$4,043,606
65$4,722,100$2,570,557$2,125,258$4,341,533
66$5,139,673$2,632,434$2,132,373$4,666,823
67$5,597,820$2,695,323$2,137,709$5,022,193
68$6,100,616$2,759,213$2,141,140$5,410,640
69$6,652,550$2,824,085$2,142,539$5,835,461
70$7,258,565$2,889,920$2,141,769$6,300,293
71$7,924,109$2,956,696$2,138,689$6,809,138
72$8,655,181$3,024,388$2,133,148$7,366,408
73$9,458,391$3,092,964$2,124,990$7,976,963
74$10,341,021$3,162,393$2,114,051$8,646,155
75$11,311,092$3,232,637$2,100,158$9,379,886
76$12,377,441$3,303,654$2,083,132$10,184,653
77$13,549,806$3,375,399$2,062,782$11,067,619
78$14,838,913$3,447,820$2,038,912$12,036,673
79$16,256,580$3,520,861$2,011,313$13,100,510
80$17,815,828$3,594,460$1,979,769$14,268,710
81$19,531,003$3,668,549$1,944,052$15,551,829
82$21,417,912$3,743,055$1,903,924$16,961,498
83$23,493,970$3,817,896$1,859,137$18,510,535
84$25,778,366$3,892,984$1,809,429$20,213,062
85$28,292,242$3,968,223$1,754,528$22,084,644
86$31,058,896$4,043,511$1,694,150$24,142,430
87$34,103,994$4,118,734$1,627,995$26,405,319
88$37,455,822$4,193,772$1,555,753$28,894,135
89$41,145,542$4,268,493$1,477,097$31,631,827
90$45,207,493$4,342,756$1,391,686$34,643,686
91$49,679,515$4,416,408$1,299,165$37,957,578
92$54,603,301$4,489,287$1,199,162$41,604,215
93$60,024,791$4,561,216$1,091,287$45,617,438
94$65,994,610$4,632,005$975,136$50,034,544
95$72,568,539$4,701,453$850,282$54,896,630
96$79,808,048$4,769,342$716,285$60,248,987
97$87,780,869$4,835,440$572,680$66,141,526
98$96,561,638$4,899,497$418,985$72,629,250
99$106,232,599$4,961,247$254,695$79,772,772
100$116,884,382$5,020,405$79,285$87,638,888