Can I retire at age 55 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$160,203$158,776$157,384$156,025$154,698$151,761
2 years$79,309$77,832$76,400$75,012$73,666$70,718
3 years$52,347$50,864$49,436$48,061$46,737$43,870
4 years$38,869$37,390$35,977$34,625$33,333$30,570
5 years$30,784$29,314$27,919$26,596$25,339$22,688
6 years$25,396$23,937$22,563$21,269$20,050$17,513
7 years$21,549$20,103$18,750$17,486$16,306$13,884
8 years$18,665$17,232$15,901$14,669$13,527$11,219
9 years$16,423$15,003$13,696$12,494$11,392$9,197
10 years$14,631$13,225$11,940$10,770$9,707$7,622
11 years$13,165$11,773$10,512$9,373$8,348$6,372
12 years$11,945$10,567$9,329$8,222$7,234$5,363
13 years$10,913$9,549$8,335$7,259$6,308$4,540
14 years$10,029$8,680$7,489$6,443$5,530$3,861
15 years$9,264$7,929$6,762$5,746$4,869$3,296
16 years$8,595$7,275$6,130$5,145$4,303$2,822
17 years$8,005$6,700$5,578$4,623$3,816$2,424
18 years$7,482$6,191$5,092$4,166$3,393$2,086
19 years$7,014$5,738$4,662$3,765$3,024$1,798
20 years$6,593$5,332$4,278$3,409$2,701$1,553
21 years$6,213$4,967$3,935$3,094$2,417$1,343
22 years$5,868$4,636$3,627$2,813$2,167$1,163
23 years$5,554$4,336$3,349$2,562$1,945$1,008
24 years$5,266$4,063$3,097$2,337$1,748$875
25 years$5,002$3,813$2,869$2,134$1,573$760
26 years$4,758$3,583$2,660$1,951$1,417$660
27 years$4,533$3,372$2,470$1,786$1,277$574
28 years$4,324$3,178$2,297$1,637$1,153$499
29 years$4,130$2,998$2,137$1,501$1,041$434
30 years$3,949$2,831$1,991$1,377$940$378
31 years$3,780$2,676$1,856$1,265$850$329
32 years$3,622$2,532$1,732$1,163$769$287
33 years$3,474$2,398$1,617$1,069$696$250
34 years$3,335$2,273$1,511$984$630$218
35 years$3,204$2,156$1,412$905$571$190
36 years$3,081$2,046$1,321$834$517$165
37 years$2,965$1,943$1,237$768$469$144
38 years$2,855$1,847$1,158$708$425$126
39 years$2,751$1,756$1,085$653$385$110
40 years$2,652$1,671$1,017$602$350$95
41 years$2,559$1,591$954$556$317$83
42 years$2,470$1,515$894$513$288$73
43 years$2,385$1,443$839$473$261$63
44 years$2,305$1,376$788$437$237$55
45 years$2,228$1,312$740$404$215$48
46 years$2,155$1,251$695$373$195$42
47 years$2,086$1,194$653$345$177$37
48 years$2,019$1,140$613$318$161$32
49 years$1,955$1,089$577$294$146$28
50 years$1,894$1,040$542$272$133$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,940,000, adding $5,851 every year, while hoping to spend $46,889 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: 52/22/26 Blend
54$1,940,000$1,940,000$1,940,000$1,940,000
55$2,143,915$2,041,095$2,011,025$2,239,538
56$2,312,705$2,091,219$2,028,505$2,356,582
57$2,497,140$2,142,228$2,044,999$2,478,589
58$2,698,766$2,194,115$2,060,424$2,610,366
59$2,919,286$2,246,873$2,074,694$2,752,864
60$3,160,574$2,300,491$2,087,718$2,907,130
61$3,424,695$2,354,957$2,099,398$3,074,319
62$3,713,921$2,410,256$2,109,635$3,255,703
63$4,030,755$2,466,373$2,118,322$3,452,683
64$4,377,953$2,523,286$2,125,347$3,666,806
65$4,758,552$2,580,975$2,130,593$3,899,773
66$5,175,894$2,639,412$2,133,938$4,153,462
67$5,633,662$2,698,570$2,135,252$4,429,943
68$6,135,912$2,758,417$2,134,399$4,731,495
69$6,687,111$2,818,916$2,131,238$5,060,632
70$7,292,180$2,880,027$2,125,619$5,420,125
71$7,956,541$2,941,707$2,117,385$5,813,028
72$8,686,165$3,003,906$2,106,374$6,242,708
73$9,487,628$3,066,572$2,092,412$6,712,877
74$10,368,178$3,129,647$2,075,320$7,227,624
75$11,335,798$3,193,065$2,054,909$7,791,459
76$12,399,283$3,256,758$2,030,981$8,409,353
77$13,568,320$3,320,650$2,003,330$9,086,785
78$14,853,585$3,384,658$1,971,738$9,829,795
79$16,266,838$3,448,694$1,935,979$10,645,040
80$17,821,036$3,512,660$1,895,814$11,539,860
81$19,530,454$3,576,453$1,850,996$12,522,343
82$21,410,820$3,639,959$1,801,264$13,601,408
83$23,479,464$3,703,057$1,746,346$14,786,884
84$25,755,478$3,765,616$1,685,958$16,089,605
85$28,259,901$3,827,495$1,619,802$17,521,515
86$31,015,912$3,888,544$1,547,567$19,095,778
87$34,049,052$3,948,599$1,468,927$20,826,906
88$37,387,462$4,007,486$1,383,542$22,730,892
89$41,062,149$4,065,020$1,291,057$24,825,369
90$45,107,282$4,120,999$1,191,101$27,129,768
91$49,560,507$4,175,210$1,083,285$29,665,511
92$54,463,308$4,227,425$967,204$32,456,208
93$59,861,395$4,277,398$842,435$35,527,882
94$65,805,135$4,324,869$708,535$38,909,217
95$72,350,031$4,369,559$565,043$42,631,831
96$79,557,238$4,411,172$411,476$46,730,569
97$87,494,147$4,449,390$247,331$51,243,842
98$96,235,016$4,483,876$72,083$56,213,983
99$105,861,672$4,514,270$0$61,687,654
100$116,464,283$4,540,190$0$67,748,168