Can I retire at age 55 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$162,681$161,232$159,818$158,438$157,091$152,797
2 years$80,535$79,035$77,582$76,172$74,805$70,511
3 years$53,157$51,650$50,200$48,804$47,459$43,299
4 years$39,470$37,968$36,533$35,161$33,848$29,854
5 years$31,260$29,768$28,351$27,007$25,731$21,913
6 years$25,789$24,308$22,912$21,598$20,360$16,722
7 years$21,883$20,413$19,040$17,757$16,558$13,101
8 years$18,954$17,498$16,147$14,896$13,737$10,458
9 years$16,677$15,235$13,908$12,688$11,568$8,465
10 years$14,857$13,429$12,125$10,937$9,857$6,925
11 years$13,369$11,955$10,675$9,518$8,477$5,712
12 years$12,129$10,730$9,474$8,349$7,346$4,743
13 years$11,082$9,697$8,464$7,371$6,406$3,959
14 years$10,184$8,814$7,605$6,543$5,615$3,318
15 years$9,407$8,052$6,866$5,835$4,944$2,792
16 years$8,728$7,388$6,225$5,225$4,370$2,355
17 years$8,129$6,804$5,665$4,694$3,875$1,992
18 years$7,598$6,287$5,171$4,231$3,445$1,688
19 years$7,122$5,827$4,734$3,823$3,071$1,433
20 years$6,695$5,414$4,345$3,462$2,743$1,218
21 years$6,310$5,043$3,996$3,142$2,454$1,037
22 years$5,959$4,708$3,683$2,857$2,200$883
23 years$5,640$4,403$3,401$2,602$1,975$753
24 years$5,347$4,125$3,145$2,373$1,775$643
25 years$5,079$3,871$2,913$2,167$1,597$549
26 years$4,831$3,639$2,702$1,982$1,439$469
27 years$4,603$3,424$2,509$1,814$1,297$401
28 years$4,391$3,227$2,332$1,662$1,170$342
29 years$4,194$3,044$2,170$1,524$1,057$293
30 years$4,010$2,875$2,022$1,399$955$251
31 years$3,839$2,718$1,885$1,285$863$214
32 years$3,678$2,571$1,758$1,180$781$184
33 years$3,528$2,435$1,642$1,086$707$157
34 years$3,387$2,308$1,534$999$640$134
35 years$3,254$2,189$1,434$919$580$115
36 years$3,129$2,078$1,342$847$525$99
37 years$3,011$1,973$1,256$780$476$84
38 years$2,899$1,875$1,176$719$432$72
39 years$2,793$1,783$1,102$663$391$62
40 years$2,693$1,697$1,033$612$355$53
41 years$2,598$1,615$968$564$322$45
42 years$2,508$1,538$908$521$292$39
43 years$2,422$1,466$852$481$265$33
44 years$2,341$1,397$800$444$241$29
45 years$2,263$1,332$751$410$219$24
46 years$2,189$1,271$706$379$198$21
47 years$2,118$1,213$663$350$180$18
48 years$2,050$1,158$623$323$164$15
49 years$1,985$1,106$586$299$149$13
50 years$1,923$1,056$550$276$135$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,970,000, adding $6,847 every year, while hoping to spend $56,169 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: 39/33/28 Blend
54$1,970,000$1,970,000$1,970,000$1,970,000
55$2,178,003$2,073,593$2,043,058$2,244,636
56$2,340,396$2,115,435$2,051,737$2,335,791
57$2,517,470$2,157,446$2,058,824$2,428,611
58$2,710,664$2,199,573$2,064,207$2,527,910
59$2,921,561$2,241,761$2,067,767$2,634,314
60$3,151,903$2,283,950$2,069,380$2,748,517
61$3,403,610$2,326,076$2,068,916$2,871,283
62$3,678,791$2,368,067$2,066,239$3,003,456
63$3,979,774$2,409,849$2,061,204$3,145,967
64$4,309,118$2,451,338$2,053,661$3,299,845
65$4,669,642$2,492,448$2,043,453$3,466,225
66$5,064,451$2,533,084$2,030,414$3,646,363
67$5,496,964$2,573,143$2,014,372$3,841,641
68$5,970,945$2,612,518$1,995,144$4,053,588
69$6,490,541$2,651,091$1,972,541$4,283,890
70$7,060,318$2,688,736$1,946,363$4,534,409
71$7,685,306$2,725,320$1,916,401$4,807,200
72$8,371,045$2,760,699$1,882,439$5,104,532
73$9,123,638$2,794,719$1,844,247$5,428,908
74$9,949,806$2,827,217$1,801,586$5,783,091
75$10,856,952$2,858,017$1,754,205$6,170,131
76$11,853,235$2,886,933$1,701,844$6,593,392
77$12,947,637$2,913,765$1,644,228$7,056,589
78$14,150,058$2,938,301$1,581,072$7,563,818
79$15,471,401$2,960,315$1,512,075$8,119,603
80$16,923,679$2,979,566$1,436,924$8,728,931
81$18,520,126$2,995,797$1,355,294$9,397,308
82$20,275,324$3,008,736$1,266,841$10,130,806
83$22,205,336$3,018,092$1,171,209$10,936,127
84$24,327,859$3,023,558$1,068,023$11,820,661
85$26,662,393$3,024,805$956,895$12,792,564
86$29,230,423$3,021,486$837,416$13,860,830
87$32,055,618$3,013,231$709,162$15,035,382
88$35,164,059$2,999,647$571,687$16,327,165
89$38,584,483$2,980,319$424,528$17,748,251
90$42,348,551$2,954,806$267,200$19,311,955
91$46,491,150$2,922,638$99,198$21,032,962
92$51,050,720$2,883,320$0$22,927,470
93$56,069,616$2,836,326$0$25,037,267
94$61,594,510$2,781,098$0$27,391,309
95$67,676,825$2,717,047$0$29,981,823
96$74,373,226$2,643,547$0$32,832,945
97$81,746,150$2,559,937$0$35,971,279
98$89,864,399$2,465,515$0$39,426,150
99$98,803,784$2,359,542$0$43,229,882
100$108,647,843$2,241,232$0$47,418,105