Can I retire at age 55 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$161,029$159,595$158,195$156,829$155,496$152,731
2 years$79,717$78,233$76,794$75,399$74,046$71,270
3 years$52,617$51,126$49,691$48,309$46,978$44,277
4 years$39,070$37,583$36,162$34,804$33,505$30,900
5 years$30,943$29,466$28,063$26,733$25,470$22,969
6 years$25,527$24,061$22,679$21,378$20,153$17,759
7 years$21,660$20,206$18,847$17,576$16,390$14,102
8 years$18,761$17,320$15,983$14,744$13,597$11,416
9 years$16,508$15,081$13,767$12,559$11,451$9,375
10 years$14,706$13,293$12,002$10,826$9,757$7,784
11 years$13,233$11,834$10,566$9,422$8,391$6,519
12 years$12,006$10,621$9,377$8,264$7,271$5,498
13 years$10,969$9,599$8,378$7,296$6,341$4,663
14 years$10,081$8,725$7,528$6,477$5,558$3,974
15 years$9,312$7,970$6,797$5,776$4,894$3,399
16 years$8,639$7,313$6,162$5,172$4,325$2,917
17 years$8,047$6,735$5,607$4,647$3,835$2,510
18 years$7,520$6,223$5,119$4,188$3,410$2,165
19 years$7,050$5,768$4,686$3,784$3,039$1,871
20 years$6,627$5,359$4,300$3,427$2,715$1,620
21 years$6,245$4,992$3,956$3,110$2,430$1,404
22 years$5,899$4,660$3,646$2,828$2,178$1,218
23 years$5,583$4,358$3,366$2,575$1,955$1,059
24 years$5,293$4,084$3,113$2,349$1,757$921
25 years$5,027$3,832$2,883$2,145$1,581$801
26 years$4,782$3,602$2,674$1,961$1,424$698
27 years$4,556$3,390$2,483$1,795$1,284$608
28 years$4,346$3,194$2,308$1,645$1,159$530
29 years$4,151$3,013$2,148$1,508$1,046$462
30 years$3,969$2,846$2,001$1,384$945$403
31 years$3,800$2,690$1,865$1,271$855$352
32 years$3,641$2,545$1,741$1,169$773$308
33 years$3,492$2,410$1,625$1,075$700$269
34 years$3,352$2,285$1,518$989$633$235
35 years$3,221$2,167$1,420$910$574$205
36 years$3,097$2,057$1,328$838$520$179
37 years$2,980$1,953$1,243$772$471$157
38 years$2,870$1,856$1,164$712$427$137
39 years$2,765$1,765$1,091$656$387$120
40 years$2,666$1,679$1,022$605$351$105
41 years$2,572$1,599$958$559$319$91
42 years$2,483$1,523$899$515$289$80
43 years$2,398$1,451$844$476$262$70
44 years$2,317$1,383$792$439$238$61
45 years$2,240$1,319$744$406$216$53
46 years$2,166$1,258$698$375$196$47
47 years$2,096$1,200$656$346$178$41
48 years$2,029$1,146$617$320$162$36
49 years$1,965$1,094$580$296$147$31
50 years$1,904$1,045$545$273$134$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,950,000, adding $5,598 every year, while hoping to spend $44,899 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: 72/11/17 Blend
54$1,950,000$1,950,000$1,950,000$1,950,000
55$2,154,674$2,051,324$2,021,099$2,300,916
56$2,326,679$2,104,067$2,041,034$2,451,506
57$2,514,723$2,157,889$2,060,132$2,610,401
58$2,720,396$2,212,797$2,078,317$2,783,252
59$2,945,446$2,268,793$2,095,510$2,971,433
60$3,191,799$2,325,882$2,111,628$3,176,458
61$3,461,577$2,384,065$2,126,582$3,399,996
62$3,757,115$2,443,341$2,140,279$3,643,883
63$4,080,986$2,503,710$2,152,624$3,910,143
64$4,436,021$2,565,167$2,163,511$4,201,005
65$4,825,342$2,627,706$2,172,835$4,518,925
66$5,252,384$2,691,321$2,180,482$4,866,609
67$5,720,932$2,756,001$2,186,334$5,247,039
68$6,235,156$2,821,733$2,190,264$5,663,499
69$6,799,646$2,888,503$2,192,143$6,119,608
70$7,419,463$2,956,293$2,191,833$6,619,353
71$8,100,179$3,025,081$2,189,189$7,167,129
72$8,847,931$3,094,844$2,184,061$7,767,777
73$9,669,482$3,165,553$2,176,289$8,426,631
74$10,572,281$3,237,178$2,165,707$9,149,570
75$11,564,537$3,309,682$2,152,141$9,943,070
76$12,655,289$3,383,027$2,135,408$10,814,269
77$13,854,501$3,457,167$2,115,316$11,771,033
78$15,173,145$3,532,053$2,091,664$12,822,028
79$16,623,314$3,607,632$2,064,243$13,976,805
80$18,218,330$3,683,844$2,032,833$15,245,889
81$19,972,869$3,760,622$1,997,203$16,640,878
82$21,903,104$3,837,894$1,957,111$18,174,552
83$24,026,852$3,915,583$1,912,306$19,860,996
84$26,363,746$3,993,601$1,862,523$21,715,731
85$28,935,417$4,071,857$1,807,487$23,755,861
86$31,765,700$4,150,248$1,746,907$26,000,235
87$34,880,856$4,228,664$1,680,483$28,469,625
88$38,309,821$4,306,987$1,607,898$31,186,921
89$42,084,482$4,385,088$1,528,821$34,177,350
90$46,239,970$4,462,829$1,442,908$37,468,710
91$50,814,998$4,540,059$1,349,797$41,091,638
92$55,852,224$4,616,618$1,249,111$45,079,895
93$61,398,651$4,692,332$1,140,456$49,470,687
94$67,506,073$4,767,015$1,023,420$54,305,016
95$74,231,561$4,840,468$897,574$59,628,066
96$81,638,005$4,912,476$762,468$65,489,633
97$89,794,704$4,982,809$617,632$71,944,592
98$98,778,019$5,051,222$462,578$79,053,419
99$108,672,096$5,117,451$296,793$86,882,758
100$119,569,658$5,181,215$119,745$95,506,054