Can I retire at age 55 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$158,552$157,140$155,762$154,417$153,103$150,691
2 years$78,491$77,029$75,612$74,239$72,906$70,482
3 years$51,808$50,339$48,926$47,566$46,255$43,894
4 years$38,468$37,005$35,606$34,268$32,989$30,711
5 years$30,467$29,012$27,632$26,321$25,078$22,888
6 years$25,135$23,691$22,330$21,049$19,843$17,744
7 years$21,327$19,895$18,557$17,306$16,138$14,130
8 years$18,473$17,054$15,738$14,517$13,388$11,471
9 years$16,254$14,849$13,555$12,366$11,275$9,448
10 years$14,480$13,088$11,817$10,659$9,607$7,869
11 years$13,029$11,652$10,404$9,277$8,262$6,611
12 years$11,822$10,458$9,233$8,137$7,160$5,594
13 years$10,800$9,451$8,249$7,184$6,243$4,760
14 years$9,926$8,591$7,412$6,377$5,473$4,070
15 years$9,168$7,848$6,692$5,687$4,819$3,494
16 years$8,506$7,200$6,067$5,092$4,259$3,009
17 years$7,923$6,631$5,521$4,575$3,776$2,598
18 years$7,405$6,127$5,040$4,123$3,358$2,249
19 years$6,942$5,679$4,614$3,726$2,993$1,951
20 years$6,525$5,277$4,234$3,374$2,673$1,695
21 years$6,149$4,915$3,895$3,062$2,392$1,475
22 years$5,808$4,588$3,590$2,784$2,144$1,285
23 years$5,497$4,291$3,314$2,536$1,925$1,121
24 years$5,212$4,021$3,065$2,313$1,730$978
25 years$4,950$3,773$2,839$2,112$1,557$855
26 years$4,709$3,546$2,633$1,931$1,402$747
27 years$4,486$3,337$2,445$1,768$1,264$654
28 years$4,279$3,145$2,273$1,620$1,141$573
29 years$4,087$2,967$2,115$1,485$1,030$501
30 years$3,908$2,802$1,970$1,363$931$439
31 years$3,741$2,649$1,837$1,252$841$385
32 years$3,585$2,506$1,714$1,151$761$338
33 years$3,438$2,373$1,600$1,058$689$296
34 years$3,301$2,249$1,495$973$624$260
35 years$3,171$2,134$1,398$896$565$228
36 years$3,049$2,025$1,308$825$512$200
37 years$2,934$1,923$1,224$760$464$176
38 years$2,825$1,828$1,146$701$421$154
39 years$2,723$1,738$1,074$646$381$135
40 years$2,625$1,654$1,006$596$346$119
41 years$2,532$1,574$944$550$314$104
42 years$2,444$1,499$885$508$285$92
43 years$2,361$1,428$831$469$258$80
44 years$2,281$1,362$780$433$235$71
45 years$2,205$1,298$732$400$213$62
46 years$2,133$1,239$688$369$193$55
47 years$2,064$1,182$646$341$176$48
48 years$1,998$1,128$607$315$159$42
49 years$1,935$1,078$571$291$145$37
50 years$1,875$1,029$536$269$132$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,920,000, adding $3,878 every year, while hoping to spend $55,732 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: 66/29/5 Blend
54$1,920,000$1,920,000$1,920,000$1,920,000
55$2,119,840$2,018,080$1,988,320$2,258,136
56$2,276,765$2,057,668$1,995,630$2,389,958
57$2,447,829$2,097,327$2,001,318$2,526,890
58$2,634,415$2,137,003$2,005,269$2,675,032
59$2,838,045$2,176,636$2,007,365$2,835,466
60$3,060,395$2,216,160$2,007,481$3,009,386
61$3,303,310$2,255,507$2,005,487$3,198,106
62$3,568,821$2,294,601$2,001,244$3,403,073
63$3,859,164$2,333,360$1,994,609$3,625,880
64$4,176,802$2,371,697$1,985,432$3,868,286
65$4,524,445$2,409,519$1,973,553$4,132,225
66$4,905,078$2,446,726$1,958,806$4,419,829
67$5,321,988$2,483,208$1,941,019$4,733,447
68$5,778,796$2,518,850$1,920,008$5,075,669
69$6,279,489$2,553,529$1,895,584$5,449,345
70$6,828,456$2,587,112$1,867,546$5,857,620
71$7,430,535$2,619,456$1,835,685$6,303,957
72$8,091,052$2,650,411$1,799,782$6,792,173
73$8,815,873$2,679,815$1,759,608$7,326,474
74$9,611,461$2,707,495$1,714,924$7,911,496
75$10,484,934$2,733,267$1,665,479$8,552,348
76$11,444,135$2,756,935$1,611,010$9,254,659
77$12,497,701$2,778,289$1,551,243$10,024,635
78$13,655,149$2,797,107$1,485,891$10,869,115
79$14,926,960$2,813,151$1,414,655$11,795,636
80$16,324,684$2,826,170$1,337,220$12,812,505
81$17,861,044$2,835,894$1,253,259$13,928,877
82$19,550,056$2,842,039$1,162,429$15,154,843
83$21,407,165$2,844,301$1,064,373$16,501,524
84$23,449,382$2,842,359$958,717$17,981,179
85$25,695,455$2,835,871$845,070$19,607,316
86$28,166,036$2,824,473$723,024$21,394,827
87$30,883,880$2,807,780$592,153$23,360,122
88$33,874,058$2,785,384$452,013$25,521,290
89$37,164,195$2,756,851$302,139$27,898,267
90$40,784,729$2,721,722$142,045$30,513,027
91$44,769,195$2,679,510$0$33,389,786
92$49,154,545$2,629,699$0$36,556,775
93$53,981,497$2,571,742$0$40,050,062
94$59,294,913$2,505,061$0$43,894,516
95$65,144,228$2,429,042$0$48,125,906
96$71,583,911$2,343,038$0$52,783,650
97$78,673,984$2,246,361$0$57,911,196
98$86,480,583$2,138,285$0$63,556,423
99$95,076,583$2,018,041$0$69,772,103
100$104,542,287$1,884,818$0$76,616,395