Can I retire at age 55 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$132,952$131,768$130,613$129,485$128,384$125,586
2 years$65,818$64,592$63,404$62,252$61,135$58,331
3 years$43,443$42,212$41,027$39,886$38,787$36,063
4 years$32,257$31,030$29,857$28,735$27,663$25,041
5 years$25,548$24,328$23,170$22,072$21,029$18,516
6 years$21,076$19,866$18,725$17,651$16,639$14,238
7 years$17,884$16,683$15,561$14,512$13,532$11,243
8 years$15,490$14,300$13,197$12,173$11,226$9,049
9 years$13,630$12,451$11,366$10,369$9,454$7,386
10 years$12,142$10,975$9,909$8,938$8,055$6,095
11 years$10,926$9,770$8,724$7,779$6,928$5,073
12 years$9,913$8,769$7,742$6,823$6,004$4,251
13 years$9,056$7,925$6,917$6,024$5,235$3,582
14 years$8,323$7,204$6,215$5,347$4,589$3,031
15 years$7,688$6,581$5,611$4,769$4,041$2,575
16 years$7,133$6,038$5,088$4,270$3,571$2,194
17 years$6,644$5,560$4,630$3,837$3,166$1,875
18 years$6,209$5,138$4,226$3,458$2,815$1,605
19 years$5,821$4,762$3,869$3,124$2,509$1,377
20 years$5,472$4,425$3,551$2,830$2,242$1,183
21 years$5,157$4,122$3,266$2,568$2,006$1,018
22 years$4,870$3,847$3,010$2,335$1,798$877
23 years$4,609$3,598$2,779$2,126$1,614$756
24 years$4,370$3,372$2,570$1,939$1,451$652
25 years$4,151$3,164$2,381$1,771$1,305$563
26 years$3,949$2,974$2,208$1,619$1,176$486
27 years$3,762$2,799$2,050$1,482$1,060$420
28 years$3,588$2,637$1,906$1,358$957$364
29 years$3,427$2,488$1,774$1,245$864$315
30 years$3,277$2,349$1,652$1,143$780$272
31 years$3,137$2,221$1,540$1,050$706$236
32 years$3,006$2,102$1,437$965$638$204
33 years$2,883$1,990$1,342$887$578$177
34 years$2,768$1,886$1,254$816$523$153
35 years$2,659$1,789$1,172$751$474$133
36 years$2,557$1,698$1,096$692$429$115
37 years$2,461$1,613$1,026$638$389$100
38 years$2,369$1,533$961$588$353$86
39 years$2,283$1,457$900$542$320$75
40 years$2,201$1,387$844$500$290$65
41 years$2,123$1,320$791$461$263$56
42 years$2,050$1,257$742$426$239$49
43 years$1,980$1,198$697$393$217$42
44 years$1,913$1,142$654$363$197$37
45 years$1,849$1,089$614$335$179$32
46 years$1,789$1,039$577$309$162$28
47 years$1,731$991$542$286$147$24
48 years$1,675$946$509$264$134$21
49 years$1,623$904$479$244$121$18
50 years$1,572$863$450$226$110$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,610,000, adding $4,819 every year, while hoping to spend $41,924 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: 58/25/17 Blend
54$1,610,000$1,610,000$1,610,000$1,610,000
55$1,779,191$1,693,861$1,668,906$1,874,238
56$1,916,061$1,732,253$1,680,207$1,977,597
57$2,065,488$1,771,122$1,690,482$2,085,211
58$2,228,706$1,810,445$1,699,652$2,201,569
59$2,407,078$1,850,201$1,707,634$2,327,521
60$2,602,101$1,890,362$1,714,342$2,464,002
61$2,815,427$1,930,901$1,719,683$2,612,043
62$3,048,870$1,971,785$1,723,562$2,772,781
63$3,304,432$2,012,980$1,725,879$2,947,467
64$3,584,316$2,054,448$1,726,528$3,137,481
65$3,890,948$2,096,147$1,725,397$3,344,343
66$4,226,998$2,138,031$1,722,372$3,569,729
67$4,595,409$2,180,052$1,717,328$3,815,484
68$4,999,421$2,222,156$1,710,140$4,083,644
69$5,442,605$2,264,284$1,700,672$4,376,450
70$5,928,890$2,306,373$1,688,784$4,696,376
71$6,462,607$2,348,355$1,674,328$5,046,144
72$7,048,526$2,390,158$1,657,151$5,428,757
73$7,691,900$2,431,701$1,637,091$5,847,524
74$8,398,519$2,472,898$1,613,978$6,306,093
75$9,174,756$2,513,659$1,587,635$6,808,484
76$10,027,637$2,553,884$1,557,877$7,359,127
77$10,964,899$2,593,468$1,524,509$7,962,907
78$11,995,067$2,632,296$1,487,328$8,625,207
79$13,127,532$2,670,246$1,446,121$9,351,961
80$14,372,641$2,707,189$1,400,667$10,149,708
81$15,741,793$2,742,984$1,350,732$11,025,657
82$17,247,548$2,777,482$1,296,073$11,987,754
83$18,903,742$2,810,523$1,236,436$13,044,757
84$20,725,623$2,841,937$1,171,556$14,206,320
85$22,729,986$2,871,542$1,101,153$15,483,081
86$24,935,341$2,899,144$1,024,937$16,886,770
87$27,362,078$2,924,535$942,606$18,430,312
88$30,032,669$2,947,495$853,841$20,127,956
89$32,971,868$2,967,790$758,312$21,995,405
90$36,206,956$2,985,169$655,673$24,049,970
91$39,767,989$2,999,366$545,562$26,310,728
92$43,688,088$3,010,098$427,602$28,798,708
93$48,003,745$3,017,065$301,398$31,537,088
94$52,755,172$3,019,947$166,541$34,551,414
95$57,986,679$3,018,404$22,599$37,869,841
96$63,747,090$3,012,075$0$41,523,404
97$70,090,204$3,000,578$0$45,570,072
98$77,075,305$2,983,506$0$50,029,697
99$84,767,716$2,960,428$0$54,939,818
100$93,239,422$2,930,888$0$60,346,321