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%12.2%
1 years$163,507$162,050$160,629$159,242$157,888$156,434
2 years$80,944$79,436$77,975$76,559$75,185$73,720
3 years$53,427$51,913$50,455$49,052$47,700$46,270
4 years$39,671$38,161$36,718$35,339$34,020$32,636
5 years$31,419$29,919$28,495$27,144$25,862$24,527
6 years$25,920$24,431$23,028$21,707$20,463$19,180
7 years$21,994$20,517$19,137$17,847$16,642$15,410
8 years$19,050$17,587$16,229$14,971$13,806$12,626
9 years$16,762$15,313$13,978$12,752$11,627$10,498
10 years$14,932$13,497$12,187$10,992$9,907$8,828
11 years$13,437$12,016$10,729$9,567$8,520$7,492
12 years$12,191$10,785$9,522$8,391$7,383$6,404
13 years$11,138$9,746$8,507$7,408$6,438$5,507
14 years$10,236$8,859$7,644$6,576$5,644$4,759
15 years$9,455$8,093$6,901$5,865$4,969$4,129
16 years$8,772$7,425$6,257$5,251$4,392$3,596
17 years$8,170$6,838$5,693$4,718$3,894$3,140
18 years$7,636$6,319$5,197$4,252$3,463$2,750
19 years$7,159$5,856$4,758$3,842$3,086$2,413
20 years$6,729$5,442$4,367$3,480$2,757$2,121
21 years$6,342$5,069$4,016$3,158$2,467$1,868
22 years$5,989$4,732$3,702$2,871$2,211$1,647
23 years$5,668$4,425$3,418$2,615$1,985$1,455
24 years$5,375$4,146$3,161$2,385$1,784$1,286
25 years$5,105$3,891$2,928$2,178$1,605$1,138
26 years$4,856$3,657$2,715$1,992$1,446$1,007
27 years$4,626$3,442$2,521$1,823$1,304$893
28 years$4,413$3,243$2,344$1,670$1,176$792
29 years$4,215$3,059$2,181$1,532$1,062$702
30 years$4,030$2,889$2,032$1,406$960$624
31 years$3,858$2,731$1,894$1,291$868$554
32 years$3,697$2,584$1,767$1,186$785$492
33 years$3,546$2,448$1,650$1,091$710$437
34 years$3,404$2,320$1,542$1,004$643$389
35 years$3,270$2,200$1,441$924$583$346
36 years$3,145$2,088$1,348$851$528$308
37 years$3,026$1,983$1,262$784$478$274
38 years$2,914$1,885$1,182$723$434$243
39 years$2,808$1,792$1,107$666$393$217
40 years$2,707$1,705$1,038$615$357$193
41 years$2,612$1,623$973$567$324$172
42 years$2,521$1,546$913$523$294$153
43 years$2,435$1,473$857$483$267$136
44 years$2,353$1,404$804$446$242$121
45 years$2,274$1,339$755$412$220$108
46 years$2,200$1,277$709$381$199$96
47 years$2,129$1,219$666$352$181$86
48 years$2,060$1,164$626$325$164$76
49 years$1,995$1,111$588$300$149$68
50 years$1,933$1,061$553$278$136$61

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 $2,487 every year, while hoping to spend $41,112 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: 32/46/22 Blend
54$1,980,000$1,980,000$1,980,000$1,980,000
55$2,184,525$2,079,585$2,048,895$2,239,531
56$2,363,604$2,137,742$2,073,790$2,339,301
57$2,559,571$2,197,371$2,098,142$2,442,803
58$2,774,105$2,258,500$2,121,887$2,553,442
59$3,009,056$2,321,158$2,144,963$2,671,868
60$3,266,459$2,385,375$2,167,298$2,798,799
61$3,548,558$2,451,178$2,188,823$2,935,022
62$3,857,821$2,518,596$2,209,459$3,081,406
63$4,196,970$2,587,658$2,229,127$3,238,904
64$4,569,000$2,658,393$2,247,741$3,408,568
65$4,977,211$2,730,827$2,265,214$3,591,556
66$5,425,238$2,804,989$2,281,450$3,789,140
67$5,917,085$2,880,906$2,296,351$4,002,723
68$6,457,162$2,958,605$2,309,813$4,233,851
69$7,050,328$3,038,112$2,321,727$4,484,224
70$7,701,934$3,119,452$2,331,979$4,755,716
71$8,417,878$3,202,652$2,340,446$5,050,392
72$9,204,653$3,287,734$2,347,003$5,370,524
73$10,069,417$3,374,721$2,351,516$5,718,617
74$11,020,051$3,463,637$2,353,846$6,097,430
75$12,065,243$3,554,501$2,353,846$6,510,003
76$13,214,560$3,647,334$2,351,363$6,959,684
77$14,478,545$3,742,154$2,346,233$7,450,164
78$15,868,814$3,838,977$2,338,290$7,985,509
79$17,398,164$3,937,818$2,327,353$8,570,197
80$19,080,696$4,038,690$2,313,239$9,209,167
81$20,931,946$4,141,605$2,295,751$9,907,858
82$22,969,032$4,246,570$2,274,686$10,672,263
83$25,210,813$4,353,593$2,249,829$11,508,989
84$27,678,074$4,462,676$2,220,955$12,425,315
85$30,393,711$4,573,821$2,187,831$13,429,263
86$33,382,956$4,687,025$2,150,210$14,529,673
87$36,673,610$4,802,282$2,107,835$15,736,290
88$40,296,308$4,919,583$2,060,436$17,059,848
89$44,284,803$5,038,914$2,007,732$18,512,183
90$48,676,290$5,160,258$1,949,429$20,106,333
91$53,511,753$5,283,593$1,885,216$21,856,672
92$58,836,354$5,408,891$1,814,773$23,779,040
93$64,699,856$5,536,120$1,737,762$25,890,891
94$71,157,094$5,665,243$1,653,830$28,211,467
95$78,268,493$5,796,215$1,562,609$30,761,969
96$86,100,636$5,928,986$1,463,713$33,565,766
97$94,726,894$6,063,499$1,356,739$36,648,613
98$104,228,115$6,199,689$1,241,268$40,038,893
99$114,693,392$6,337,483$1,116,860$43,767,890
100$126,220,898$6,476,800$983,055$47,870,080