Can I retire at age 55 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$163,507$162,050$160,629$159,242$157,888$155,017
2 years$80,944$79,436$77,975$76,559$75,185$72,303
3 years$53,427$51,913$50,455$49,052$47,700$44,897
4 years$39,671$38,161$36,718$35,339$34,020$31,317
5 years$31,419$29,919$28,495$27,144$25,862$23,266
6 years$25,920$24,431$23,028$21,707$20,463$17,979
7 years$21,994$20,517$19,137$17,847$16,642$14,269
8 years$19,050$17,587$16,229$14,971$13,806$11,544
9 years$16,762$15,313$13,978$12,752$11,627$9,474
10 years$14,932$13,497$12,187$10,992$9,907$7,862
11 years$13,437$12,016$10,729$9,567$8,520$6,580
12 years$12,191$10,785$9,522$8,391$7,383$5,546
13 years$11,138$9,746$8,507$7,408$6,438$4,701
14 years$10,236$8,859$7,644$6,576$5,644$4,003
15 years$9,455$8,093$6,901$5,865$4,969$3,422
16 years$8,772$7,425$6,257$5,251$4,392$2,935
17 years$8,170$6,838$5,693$4,718$3,894$2,524
18 years$7,636$6,319$5,197$4,252$3,463$2,175
19 years$7,159$5,856$4,758$3,842$3,086$1,878
20 years$6,729$5,442$4,367$3,480$2,757$1,625
21 years$6,342$5,069$4,016$3,158$2,467$1,407
22 years$5,989$4,732$3,702$2,871$2,211$1,220
23 years$5,668$4,425$3,418$2,615$1,985$1,059
24 years$5,375$4,146$3,161$2,385$1,784$921
25 years$5,105$3,891$2,928$2,178$1,605$801
26 years$4,856$3,657$2,715$1,992$1,446$697
27 years$4,626$3,442$2,521$1,823$1,304$607
28 years$4,413$3,243$2,344$1,670$1,176$528
29 years$4,215$3,059$2,181$1,532$1,062$461
30 years$4,030$2,889$2,032$1,406$960$402
31 years$3,858$2,731$1,894$1,291$868$350
32 years$3,697$2,584$1,767$1,186$785$306
33 years$3,546$2,448$1,650$1,091$710$267
34 years$3,404$2,320$1,542$1,004$643$233
35 years$3,270$2,200$1,441$924$583$203
36 years$3,145$2,088$1,348$851$528$177
37 years$3,026$1,983$1,262$784$478$155
38 years$2,914$1,885$1,182$723$434$135
39 years$2,808$1,792$1,107$666$393$118
40 years$2,707$1,705$1,038$615$357$103
41 years$2,612$1,623$973$567$324$90
42 years$2,521$1,546$913$523$294$79
43 years$2,435$1,473$857$483$267$69
44 years$2,353$1,404$804$446$242$60
45 years$2,274$1,339$755$412$220$53
46 years$2,200$1,277$709$381$199$46
47 years$2,129$1,219$666$352$181$40
48 years$2,060$1,164$626$325$164$35
49 years$1,995$1,111$588$300$149$31
50 years$1,933$1,061$553$278$136$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,980,000, adding $6,471 every year, while hoping to spend $46,952 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: 63/28/9 Blend
54$1,980,000$1,980,000$1,980,000$1,980,000
55$2,188,635$2,083,695$2,053,005$2,321,924
56$2,361,919$2,135,839$2,071,824$2,463,882
57$2,551,305$2,188,965$2,089,700$2,612,759
58$2,758,384$2,243,071$2,106,551$2,774,117
59$2,984,912$2,298,154$2,122,293$2,949,164
60$3,232,818$2,354,209$2,136,835$3,139,233
61$3,504,229$2,411,229$2,150,083$3,345,787
62$3,801,487$2,469,205$2,161,937$3,570,441
63$4,127,169$2,528,127$2,172,292$3,814,973
64$4,484,115$2,587,980$2,181,040$4,081,339
65$4,875,454$2,648,750$2,188,063$4,371,695
66$5,304,629$2,710,417$2,193,242$4,688,417
67$5,775,433$2,772,960$2,196,448$5,034,120
68$6,292,047$2,836,354$2,197,548$5,411,686
69$6,859,071$2,900,572$2,196,402$5,824,289
70$7,481,578$2,965,581$2,192,862$6,275,426
71$8,165,150$3,031,346$2,186,775$6,768,950
72$8,915,941$3,097,828$2,177,977$7,309,106
73$9,740,729$3,164,982$2,166,301$7,900,571
74$10,646,978$3,232,762$2,151,567$8,548,497
75$11,642,915$3,301,112$2,133,590$9,258,562
76$12,737,600$3,369,975$2,112,173$10,037,023
77$13,941,018$3,439,285$2,087,113$10,890,772
78$15,264,165$3,508,974$2,058,195$11,827,404
79$16,719,161$3,578,965$2,025,195$12,855,289
80$18,319,354$3,649,173$1,987,878$13,983,650
81$20,079,455$3,719,509$1,945,999$15,222,650
82$22,015,669$3,789,875$1,899,300$16,583,486
83$24,145,853$3,860,164$1,847,511$18,078,501
84$26,489,679$3,930,261$1,790,352$19,721,293
85$29,068,826$4,000,043$1,727,529$21,526,848
86$31,907,177$4,069,377$1,658,732$23,511,681
87$35,031,051$4,138,117$1,583,641$25,693,990
88$38,469,443$4,206,111$1,501,918$28,093,831
89$42,254,306$4,273,190$1,413,212$30,733,306
90$46,420,847$4,339,177$1,317,156$33,636,770
91$51,007,857$4,403,881$1,213,364$36,831,064
92$56,058,083$4,467,095$1,101,437$40,345,768
93$61,618,625$4,528,601$980,953$44,213,478
94$67,741,386$4,588,164$851,476$48,470,119
95$74,483,554$4,645,531$712,547$53,155,278
96$81,908,149$4,700,434$563,690$58,312,585
97$90,084,612$4,752,587$404,405$63,990,119
98$99,089,462$4,801,683$234,172$70,240,867
99$109,007,017$4,847,395$52,447$77,123,221
100$119,930,191$4,889,376$0$84,701,533