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%19.7%
1 years$163,507$162,050$160,629$159,242$157,888$151,743
2 years$80,944$79,436$77,975$76,559$75,185$69,068
3 years$53,427$51,913$50,455$49,052$47,700$41,805
4 years$39,671$38,161$36,718$35,339$34,020$28,390
5 years$31,419$29,919$28,495$27,144$25,862$20,512
6 years$25,920$24,431$23,028$21,707$20,463$15,397
7 years$21,994$20,517$19,137$17,847$16,642$11,858
8 years$19,050$17,587$16,229$14,971$13,806$9,299
9 years$16,762$15,313$13,978$12,752$11,627$7,391
10 years$14,932$13,497$12,187$10,992$9,907$5,933
11 years$13,437$12,016$10,729$9,567$8,520$4,800
12 years$12,191$10,785$9,522$8,391$7,383$3,906
13 years$11,138$9,746$8,507$7,408$6,438$3,195
14 years$10,236$8,859$7,644$6,576$5,644$2,623
15 years$9,455$8,093$6,901$5,865$4,969$2,160
16 years$8,772$7,425$6,257$5,251$4,392$1,783
17 years$8,170$6,838$5,693$4,718$3,894$1,475
18 years$7,636$6,319$5,197$4,252$3,463$1,223
19 years$7,159$5,856$4,758$3,842$3,086$1,015
20 years$6,729$5,442$4,367$3,480$2,757$843
21 years$6,342$5,069$4,016$3,158$2,467$701
22 years$5,989$4,732$3,702$2,871$2,211$583
23 years$5,668$4,425$3,418$2,615$1,985$486
24 years$5,375$4,146$3,161$2,385$1,784$405
25 years$5,105$3,891$2,928$2,178$1,605$337
26 years$4,856$3,657$2,715$1,992$1,446$281
27 years$4,626$3,442$2,521$1,823$1,304$235
28 years$4,413$3,243$2,344$1,670$1,176$196
29 years$4,215$3,059$2,181$1,532$1,062$163
30 years$4,030$2,889$2,032$1,406$960$136
31 years$3,858$2,731$1,894$1,291$868$114
32 years$3,697$2,584$1,767$1,186$785$95
33 years$3,546$2,448$1,650$1,091$710$79
34 years$3,404$2,320$1,542$1,004$643$66
35 years$3,270$2,200$1,441$924$583$55
36 years$3,145$2,088$1,348$851$528$46
37 years$3,026$1,983$1,262$784$478$39
38 years$2,914$1,885$1,182$723$434$32
39 years$2,808$1,792$1,107$666$393$27
40 years$2,707$1,705$1,038$615$357$22
41 years$2,612$1,623$973$567$324$19
42 years$2,521$1,546$913$523$294$16
43 years$2,435$1,473$857$483$267$13
44 years$2,353$1,404$804$446$242$11
45 years$2,274$1,339$755$412$220$9
46 years$2,200$1,277$709$381$199$8
47 years$2,129$1,219$666$352$181$6
48 years$2,060$1,164$626$325$164$5
49 years$1,995$1,111$588$300$149$4
50 years$1,933$1,061$553$278$136$4

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 $4,863 every year, while hoping to spend $53,642 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: 55/32/13 Blend
54$1,980,000$1,980,000$1,980,000$1,980,000
55$2,186,976$2,082,036$2,051,346$2,299,651
56$2,352,973$2,126,981$2,062,992$2,421,641
57$2,534,104$2,172,331$2,073,229$2,548,159
58$2,731,855$2,218,048$2,081,955$2,684,677
59$2,947,865$2,264,092$2,089,061$2,832,156
60$3,183,934$2,310,420$2,094,432$2,991,661
61$3,442,047$2,356,982$2,097,947$3,164,360
62$3,724,388$2,403,726$2,099,480$3,351,544
63$4,033,362$2,450,596$2,098,899$3,554,633
64$4,371,618$2,497,528$2,096,065$3,775,194
65$4,742,071$2,544,455$2,090,832$4,014,951
66$5,147,935$2,591,306$2,083,047$4,275,806
67$5,592,745$2,638,000$2,072,550$4,559,856
68$6,080,396$2,684,454$2,059,172$4,869,410
69$6,615,180$2,730,575$2,042,737$5,207,015
70$7,201,821$2,776,266$2,023,061$5,575,477
71$7,845,523$2,821,420$1,999,951$5,977,889
72$8,552,021$2,865,924$1,973,204$6,417,660
73$9,327,629$2,909,656$1,942,607$6,898,550
74$10,179,302$2,952,484$1,907,940$7,424,700
75$11,114,704$2,994,269$1,868,969$8,000,677
76$12,142,277$3,034,861$1,825,452$8,631,515
77$13,271,318$3,074,099$1,777,135$9,322,761
78$14,512,074$3,111,810$1,723,750$10,080,532
79$15,875,830$3,147,813$1,665,019$10,911,570
80$17,375,019$3,181,911$1,600,653$11,823,306
81$19,023,342$3,213,896$1,530,345$12,823,933
82$20,835,890$3,243,543$1,453,779$13,922,480
83$22,829,291$3,270,617$1,370,620$15,128,903
84$25,021,865$3,294,864$1,280,523$16,454,172
85$27,433,797$3,316,014$1,183,122$17,910,384
86$30,087,327$3,333,782$1,078,040$19,510,871
87$33,006,959$3,347,861$964,878$21,270,329
88$36,219,690$3,357,928$843,223$23,204,958
89$39,755,270$3,363,639$712,643$25,332,615
90$43,646,476$3,364,625$572,685$27,672,983
91$47,929,425$3,360,500$422,878$30,247,759
92$52,643,911$3,350,849$262,729$33,080,858
93$57,833,783$3,335,234$91,724$36,198,641
94$63,547,359$3,313,190$0$39,630,164
95$69,837,877$3,284,224$0$43,420,047
96$76,764,002$3,247,812$0$47,605,398
97$84,390,375$3,203,400$0$52,212,472
98$92,788,226$3,150,399$0$57,284,245
99$102,036,044$3,088,188$0$62,868,080
100$112,220,317$3,016,106$0$69,016,174