Can I retire at age 55 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$137,907$136,679$135,480$134,310$133,168$129,164
2 years$68,271$66,999$65,767$64,572$63,413$59,413
3 years$45,062$43,785$42,556$41,372$40,232$36,361
4 years$33,460$32,186$30,970$29,806$28,694$24,982
5 years$26,500$25,235$24,034$22,894$21,813$18,269
6 years$21,862$20,606$19,423$18,309$17,260$13,888
7 years$18,550$17,305$16,140$15,052$14,037$10,837
8 years$16,068$14,833$13,688$12,627$11,645$8,615
9 years$14,138$12,915$11,790$10,756$9,807$6,944
10 years$12,595$11,384$10,279$9,271$8,356$5,656
11 years$11,333$10,135$9,049$8,069$7,186$4,644
12 years$10,282$9,096$8,031$7,077$6,227$3,838
13 years$9,394$8,220$7,175$6,248$5,430$3,189
14 years$8,633$7,472$6,447$5,547$4,760$2,660
15 years$7,975$6,826$5,821$4,947$4,191$2,227
16 years$7,399$6,263$5,277$4,429$3,704$1,869
17 years$6,891$5,768$4,802$3,980$3,284$1,573
18 years$6,441$5,330$4,384$3,586$2,920$1,326
19 years$6,038$4,939$4,013$3,241$2,603$1,120
20 years$5,676$4,590$3,683$2,935$2,325$947
21 years$5,349$4,275$3,388$2,664$2,081$801
22 years$5,052$3,991$3,122$2,422$1,865$679
23 years$4,781$3,733$2,883$2,206$1,674$576
24 years$4,533$3,497$2,666$2,012$1,505$489
25 years$4,306$3,282$2,469$1,837$1,354$415
26 years$4,096$3,084$2,290$1,680$1,220$352
27 years$3,902$2,903$2,127$1,538$1,100$300
28 years$3,722$2,735$1,977$1,409$992$255
29 years$3,555$2,580$1,840$1,292$896$217
30 years$3,399$2,437$1,714$1,186$810$184
31 years$3,254$2,304$1,598$1,089$732$157
32 years$3,118$2,180$1,491$1,001$662$133
33 years$2,991$2,064$1,392$920$599$113
34 years$2,871$1,957$1,300$847$542$97
35 years$2,758$1,856$1,216$779$491$82
36 years$2,652$1,761$1,137$718$445$70
37 years$2,552$1,673$1,065$661$403$60
38 years$2,458$1,590$997$610$366$51
39 years$2,368$1,512$934$562$332$43
40 years$2,283$1,438$875$518$301$37
41 years$2,203$1,369$821$478$273$31
42 years$2,126$1,304$770$441$248$27
43 years$2,053$1,242$723$408$225$23
44 years$1,984$1,184$678$376$204$19
45 years$1,918$1,129$637$347$185$16
46 years$1,855$1,077$598$321$168$14
47 years$1,795$1,028$562$297$153$12
48 years$1,738$981$528$274$139$10
49 years$1,683$937$496$253$126$9
50 years$1,631$895$467$234$114$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,670,000, adding $4,685 every year, while hoping to spend $58,471 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: 43/30/27 Blend
54$1,670,000$1,670,000$1,670,000$1,670,000
55$1,845,173$1,756,663$1,730,778$1,909,813
56$1,971,167$1,780,526$1,726,546$1,980,379
57$2,108,054$1,803,600$1,720,213$2,050,871
58$2,256,882$1,825,782$1,711,646$2,126,121
59$2,418,805$1,846,967$1,700,707$2,206,605
60$2,595,093$1,867,038$1,687,251$2,292,848
61$2,787,145$1,885,875$1,671,126$2,385,432
62$2,996,497$1,903,346$1,652,172$2,484,999
63$3,224,842$1,919,313$1,630,223$2,592,263
64$3,474,044$1,933,627$1,605,103$2,708,009
65$3,746,153$1,946,131$1,576,630$2,833,111
66$4,043,426$1,956,658$1,544,613$2,968,530
67$4,368,349$1,965,027$1,508,851$3,115,333
68$4,723,658$1,971,051$1,469,135$3,274,699
69$5,112,365$1,974,526$1,425,245$3,447,930
70$5,537,787$1,975,238$1,376,951$3,636,467
71$6,003,576$1,972,961$1,324,015$3,841,902
72$6,513,756$1,967,451$1,266,184$4,065,996
73$7,072,756$1,958,452$1,203,198$4,310,693
74$7,685,453$1,945,693$1,134,781$4,578,143
75$8,357,220$1,928,883$1,060,647$4,870,722
76$9,093,976$1,907,717$980,498$5,191,053
77$9,902,236$1,881,869$894,019$5,542,036
78$10,789,180$1,850,997$800,884$5,926,873
79$11,762,715$1,814,734$700,753$6,349,102
80$12,831,551$1,772,696$593,267$6,812,628
81$14,005,283$1,724,472$478,056$7,321,766
82$15,294,481$1,669,630$354,730$7,881,281
83$16,710,788$1,607,712$222,883$8,496,432
84$18,267,030$1,538,232$82,092$9,173,027
85$19,977,340$1,460,677$0$9,917,477
86$21,857,283$1,374,505$0$10,756,495
87$23,924,012$1,279,142$0$11,704,774
88$26,196,422$1,173,980$0$12,747,400
89$28,695,330$1,058,379$0$13,894,035
90$31,443,674$931,659$0$15,155,333
91$34,466,723$793,105$0$16,543,043
92$37,792,321$641,960$0$18,070,119
93$41,451,145$477,423$0$19,750,844
94$45,476,995$298,650$0$21,600,968
95$49,907,113$104,749$0$23,637,856
96$54,782,535$0$0$25,880,657
97$60,148,474$0$0$28,385,216
98$66,054,749$0$0$31,180,286
99$72,556,255$0$0$34,257,297
100$79,713,479$0$0$37,644,906