Can I retire at age 55 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$127,172$126,039$124,934$123,855$122,802$121,570
2 years$62,956$61,784$60,647$59,546$58,477$57,236
3 years$41,554$40,376$39,243$38,152$37,100$35,889
4 years$30,855$29,681$28,559$27,486$26,460$25,288
5 years$24,437$23,270$22,163$21,112$20,115$18,985
6 years$20,160$19,002$17,911$16,883$15,916$14,830
7 years$17,106$15,958$14,884$13,881$12,944$11,902
8 years$14,817$13,679$12,623$11,644$10,738$9,741
9 years$13,037$11,910$10,872$9,918$9,043$8,089
10 years$11,614$10,498$9,478$8,550$7,705$6,795
11 years$10,451$9,346$8,345$7,441$6,627$5,759
12 years$9,482$8,388$7,406$6,527$5,743$4,916
13 years$8,663$7,580$6,617$5,762$5,008$4,222
14 years$7,961$6,890$5,945$5,115$4,390$3,644
15 years$7,354$6,295$5,368$4,562$3,865$3,158
16 years$6,823$5,775$4,866$4,084$3,416$2,746
17 years$6,355$5,319$4,428$3,670$3,029$2,395
18 years$5,939$4,915$4,042$3,307$2,693$2,094
19 years$5,568$4,555$3,701$2,988$2,400$1,835
20 years$5,234$4,233$3,396$2,707$2,144$1,611
21 years$4,932$3,943$3,124$2,456$1,919$1,416
22 years$4,658$3,680$2,879$2,233$1,720$1,247
23 years$4,409$3,442$2,658$2,034$1,544$1,100
24 years$4,180$3,225$2,459$1,855$1,388$970
25 years$3,970$3,026$2,277$1,694$1,249$857
26 years$3,777$2,844$2,112$1,549$1,125$758
27 years$3,598$2,677$1,961$1,418$1,014$671
28 years$3,432$2,522$1,823$1,299$915$594
29 years$3,278$2,380$1,697$1,191$826$526
30 years$3,135$2,247$1,580$1,093$747$466
31 years$3,001$2,124$1,473$1,004$675$413
32 years$2,875$2,010$1,375$923$611$367
33 years$2,758$1,904$1,283$849$553$325
34 years$2,648$1,804$1,199$781$500$289
35 years$2,544$1,711$1,121$719$453$256
36 years$2,446$1,624$1,049$662$411$228
37 years$2,354$1,543$982$610$372$202
38 years$2,266$1,466$919$562$337$180
39 years$2,184$1,394$861$518$306$160
40 years$2,105$1,326$807$478$277$142
41 years$2,031$1,263$757$441$252$126
42 years$1,961$1,202$710$407$228$112
43 years$1,894$1,146$666$376$207$100
44 years$1,830$1,092$625$347$188$89
45 years$1,769$1,041$587$320$171$79
46 years$1,711$993$552$296$155$70
47 years$1,656$948$518$273$141$62
48 years$1,603$905$487$253$128$55
49 years$1,552$864$458$234$116$49
50 years$1,504$826$430$216$106$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,540,000, adding $2,154 every year, while hoping to spend $29,929 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: 22/50/28 Blend
54$1,540,000$1,540,000$1,540,000$1,540,000
55$1,699,302$1,617,682$1,593,812$1,721,545
56$1,840,786$1,665,104$1,615,360$1,788,874
57$1,995,699$1,713,847$1,636,628$1,858,207
58$2,165,379$1,763,943$1,657,573$1,931,739
59$2,351,298$1,815,427$1,678,152$2,009,832
60$2,555,080$1,868,333$1,698,320$2,092,884
61$2,778,513$1,922,696$1,718,028$2,181,334
62$3,023,564$1,978,550$1,737,225$2,275,661
63$3,292,402$2,035,934$1,755,856$2,376,395
64$3,587,415$2,094,883$1,773,866$2,484,119
65$3,911,234$2,155,435$1,791,193$2,599,472
66$4,266,757$2,217,628$1,807,775$2,723,158
67$4,657,175$2,281,501$1,823,544$2,855,952
68$5,086,005$2,347,092$1,838,431$2,998,708
69$5,557,120$2,414,442$1,852,361$3,152,363
70$6,074,787$2,483,591$1,865,256$3,317,952
71$6,643,708$2,554,580$1,877,035$3,496,610
72$7,269,062$2,627,450$1,887,611$3,689,592
73$7,956,555$2,702,243$1,896,894$3,898,276
74$8,712,472$2,779,002$1,904,789$4,124,180
75$9,543,739$2,857,768$1,911,195$4,368,978
76$10,457,988$2,938,586$1,916,007$4,634,512
77$11,463,625$3,021,499$1,919,115$4,922,811
78$12,569,912$3,106,550$1,920,404$5,236,110
79$13,787,057$3,193,785$1,919,751$5,576,872
80$15,126,303$3,283,247$1,917,029$5,947,809
81$16,600,041$3,374,981$1,912,104$6,351,910
82$18,221,922$3,469,032$1,904,836$6,792,468
83$20,006,988$3,565,444$1,895,078$7,273,111
84$21,971,814$3,664,264$1,882,676$7,797,836
85$24,134,661$3,765,535$1,867,468$8,371,047
86$26,515,653$3,869,303$1,849,285$8,997,598
87$29,136,963$3,975,612$1,827,949$9,682,836
88$32,023,022$4,084,506$1,803,275$10,432,655
89$35,200,754$4,196,030$1,775,068$11,253,549
90$38,699,823$4,310,228$1,743,125$12,152,673
91$42,552,917$4,427,141$1,707,232$13,137,914
92$46,796,057$4,546,814$1,667,167$14,217,962
93$51,468,934$4,669,287$1,622,696$15,402,395
94$56,615,284$4,794,600$1,573,575$16,701,766
95$62,283,302$4,922,795$1,519,548$18,127,708
96$68,526,096$5,053,909$1,460,350$19,693,039
97$75,402,186$5,187,979$1,395,700$21,411,885
98$82,976,060$5,325,041$1,325,307$23,299,815
99$91,318,779$5,465,129$1,248,866$25,373,987
100$100,508,649$5,608,274$1,166,058$27,653,311