Can I retire at age 55 with 1,990,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$164,332$162,869$161,440$160,046$158,685$153,791
2 years$81,353$79,838$78,369$76,945$75,564$70,676
3 years$53,696$52,175$50,710$49,300$47,941$43,212
4 years$39,871$38,354$36,904$35,518$34,192$29,659
5 years$31,578$30,070$28,639$27,281$25,992$21,667
6 years$26,051$24,554$23,145$21,817$20,567$16,453
7 years$22,105$20,621$19,233$17,937$16,726$12,824
8 years$19,146$17,676$16,311$15,047$13,876$10,183
9 years$16,847$15,390$14,049$12,816$11,686$8,197
10 years$15,008$13,565$12,248$11,048$9,957$6,668
11 years$13,504$12,077$10,783$9,615$8,563$5,469
12 years$12,253$10,839$9,570$8,434$7,421$4,514
13 years$11,194$9,796$8,550$7,446$6,471$3,745
14 years$10,288$8,904$7,682$6,609$5,672$3,120
15 years$9,503$8,134$6,936$5,894$4,994$2,608
16 years$8,816$7,463$6,288$5,278$4,414$2,186
17 years$8,212$6,873$5,722$4,742$3,914$1,837
18 years$7,675$6,351$5,224$4,274$3,480$1,546
19 years$7,195$5,886$4,782$3,862$3,102$1,304
20 years$6,763$5,469$4,389$3,497$2,771$1,101
21 years$6,374$5,095$4,037$3,174$2,479$930
22 years$6,020$4,756$3,720$2,886$2,222$787
23 years$5,697$4,448$3,435$2,628$1,995$666
24 years$5,402$4,167$3,177$2,397$1,793$564
25 years$5,131$3,911$2,943$2,189$1,614$478
26 years$4,881$3,676$2,729$2,002$1,453$406
27 years$4,649$3,459$2,534$1,832$1,310$344
28 years$4,435$3,259$2,356$1,679$1,182$292
29 years$4,236$3,075$2,192$1,539$1,068$248
30 years$4,051$2,904$2,042$1,413$965$211
31 years$3,878$2,745$1,904$1,298$872$179
32 years$3,716$2,598$1,776$1,192$789$152
33 years$3,564$2,460$1,658$1,097$714$129
34 years$3,421$2,331$1,550$1,009$646$110
35 years$3,287$2,211$1,449$929$586$93
36 years$3,161$2,099$1,355$855$530$79
37 years$3,041$1,993$1,269$788$481$67
38 years$2,928$1,894$1,188$726$436$57
39 years$2,822$1,801$1,113$670$395$49
40 years$2,721$1,714$1,043$618$359$41
41 years$2,625$1,632$978$570$325$35
42 years$2,534$1,554$918$526$295$30
43 years$2,447$1,480$861$486$268$25
44 years$2,364$1,411$808$448$243$22
45 years$2,286$1,346$759$414$221$18
46 years$2,211$1,284$713$382$200$16
47 years$2,139$1,225$670$353$182$13
48 years$2,071$1,170$629$327$165$11
49 years$2,006$1,117$591$302$150$10
50 years$1,943$1,067$556$279$136$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,990,000, adding $3,611 every year, while hoping to spend $47,931 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: 64/21/15 Blend
54$1,990,000$1,990,000$1,990,000$1,990,000
55$2,196,705$2,091,235$2,060,390$2,329,082
56$2,369,770$2,142,707$2,078,415$2,469,685
57$2,558,882$2,195,095$2,095,437$2,617,371
58$2,765,627$2,248,393$2,111,372$2,777,528
59$2,991,750$2,302,593$2,126,132$2,951,374
60$3,239,174$2,357,686$2,139,624$3,140,248
61$3,510,017$2,413,660$2,151,748$3,345,625
62$3,806,610$2,470,501$2,162,403$3,569,130
63$4,131,521$2,528,192$2,171,480$3,812,555
64$4,487,577$2,586,714$2,178,865$4,077,872
65$4,877,891$2,646,045$2,184,439$4,367,252
66$5,305,894$2,706,159$2,188,076$4,683,092
67$5,775,363$2,767,028$2,189,644$5,028,027
68$6,290,457$2,828,620$2,189,005$5,404,964
69$6,855,761$2,890,900$2,186,013$5,817,105
70$7,476,322$2,953,827$2,180,518$6,267,978
71$8,157,700$3,017,357$2,172,358$6,761,471
72$8,906,020$3,081,443$2,161,367$7,301,866
73$9,728,030$3,146,030$2,147,369$7,893,884
74$10,631,164$3,211,060$2,130,181$8,542,726
75$11,623,610$3,276,469$2,109,609$9,254,124
76$12,714,390$3,342,187$2,085,452$10,034,395
77$13,913,442$3,408,139$2,057,499$10,890,498
78$15,231,716$3,474,241$2,025,529$11,830,104
79$16,681,275$3,540,403$1,989,308$12,861,666
80$18,275,412$3,606,529$1,948,597$13,994,498
81$20,028,769$3,672,514$1,903,140$15,238,867
82$21,957,480$3,738,244$1,852,671$16,606,085
83$24,079,321$3,803,596$1,796,914$18,108,620
84$26,413,879$3,868,440$1,735,578$19,760,212
85$28,982,734$3,932,632$1,668,359$21,576,003
86$31,809,663$3,996,021$1,594,939$23,572,680
87$34,920,865$4,058,443$1,514,986$25,768,633
88$38,345,209$4,119,722$1,428,154$28,184,131
89$42,114,501$4,179,670$1,334,078$30,841,508
90$46,263,791$4,238,085$1,232,381$33,765,382
91$50,831,697$4,294,750$1,122,665$36,982,881
92$55,860,774$4,349,436$1,004,517$40,523,902
93$61,397,909$4,401,895$877,505$44,421,395
94$67,494,772$4,451,864$741,178$48,711,672
95$74,208,294$4,499,061$595,063$53,434,751
96$81,601,211$4,543,186$438,668$58,634,736
97$89,742,651$4,583,918$271,480$64,360,233
98$98,708,789$4,620,917$92,962$70,664,808
99$108,583,562$4,653,820$0$77,607,495
100$119,459,467$4,682,238$0$85,268,965