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%12%
1 years$137,907$136,679$135,480$134,310$133,168$132,052
2 years$68,271$66,999$65,767$64,572$63,413$62,289
3 years$45,062$43,785$42,556$41,372$40,232$39,134
4 years$33,460$32,186$30,970$29,806$28,694$27,630
5 years$26,500$25,235$24,034$22,894$21,813$20,786
6 years$21,862$20,606$19,423$18,309$17,260$16,272
7 years$18,550$17,305$16,140$15,052$14,037$13,089
8 years$16,068$14,833$13,688$12,627$11,645$10,736
9 years$14,138$12,915$11,790$10,756$9,807$8,937
10 years$12,595$11,384$10,279$9,271$8,356$7,525
11 years$11,333$10,135$9,049$8,069$7,186$6,393
12 years$10,282$9,096$8,031$7,077$6,227$5,472
13 years$9,394$8,220$7,175$6,248$5,430$4,711
14 years$8,633$7,472$6,447$5,547$4,760$4,077
15 years$7,975$6,826$5,821$4,947$4,191$3,542
16 years$7,399$6,263$5,277$4,429$3,704$3,089
17 years$6,891$5,768$4,802$3,980$3,284$2,701
18 years$6,441$5,330$4,384$3,586$2,920$2,369
19 years$6,038$4,939$4,013$3,241$2,603$2,082
20 years$5,676$4,590$3,683$2,935$2,325$1,833
21 years$5,349$4,275$3,388$2,664$2,081$1,616
22 years$5,052$3,991$3,122$2,422$1,865$1,428
23 years$4,781$3,733$2,883$2,206$1,674$1,262
24 years$4,533$3,497$2,666$2,012$1,505$1,118
25 years$4,306$3,282$2,469$1,837$1,354$990
26 years$4,096$3,084$2,290$1,680$1,220$878
27 years$3,902$2,903$2,127$1,538$1,100$780
28 years$3,722$2,735$1,977$1,409$992$692
29 years$3,555$2,580$1,840$1,292$896$615
30 years$3,399$2,437$1,714$1,186$810$547
31 years$3,254$2,304$1,598$1,089$732$487
32 years$3,118$2,180$1,491$1,001$662$433
33 years$2,991$2,064$1,392$920$599$386
34 years$2,871$1,957$1,300$847$542$343
35 years$2,758$1,856$1,216$779$491$306
36 years$2,652$1,761$1,137$718$445$273
37 years$2,552$1,673$1,065$661$403$243
38 years$2,458$1,590$997$610$366$217
39 years$2,368$1,512$934$562$332$193
40 years$2,283$1,438$875$518$301$172
41 years$2,203$1,369$821$478$273$154
42 years$2,126$1,304$770$441$248$137
43 years$2,053$1,242$723$408$225$122
44 years$1,984$1,184$678$376$204$109
45 years$1,918$1,129$637$347$185$97
46 years$1,855$1,077$598$321$168$87
47 years$1,795$1,028$562$297$153$77
48 years$1,738$981$528$274$139$69
49 years$1,683$937$496$253$126$62
50 years$1,631$895$467$234$114$55

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 $5,507 every year, while hoping to spend $39,540 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: 67/10/23 Blend
54$1,670,000$1,670,000$1,670,000$1,670,000
55$1,846,020$1,757,510$1,731,625$1,958,510
56$1,992,244$1,801,558$1,747,565$2,078,747
57$2,152,058$1,846,439$1,762,713$2,205,160
58$2,326,805$1,892,152$1,777,001$2,342,485
59$2,517,967$1,938,695$1,790,358$2,491,799
60$2,727,173$1,986,064$1,802,708$2,654,287
61$2,956,217$2,034,254$1,813,972$2,831,253
62$3,207,077$2,083,258$1,824,065$3,024,138
63$3,481,928$2,133,067$1,832,901$3,234,526
64$3,783,167$2,183,670$1,840,385$3,464,164
65$4,113,434$2,235,054$1,846,423$3,714,976
66$4,475,637$2,287,204$1,850,910$3,989,083
67$4,872,977$2,340,102$1,853,741$4,288,824
68$5,308,982$2,393,728$1,854,802$4,616,772
69$5,787,536$2,448,060$1,853,977$4,975,767
70$6,312,920$2,503,070$1,851,140$5,368,936
71$6,889,847$2,558,730$1,846,163$5,799,725
72$7,523,511$2,615,006$1,838,908$6,271,934
73$8,219,632$2,671,864$1,829,234$6,789,749
74$8,984,512$2,729,263$1,816,991$7,357,783
75$9,825,093$2,787,158$1,802,022$7,981,120
76$10,749,025$2,845,501$1,784,162$8,665,365
77$11,764,734$2,904,239$1,763,239$9,416,691
78$12,881,503$2,963,314$1,739,074$10,241,905
79$14,109,561$3,022,661$1,711,478$11,148,507
80$15,460,177$3,082,211$1,680,253$12,144,764
81$16,945,765$3,141,890$1,645,192$13,239,785
82$18,580,006$3,201,616$1,606,079$14,443,611
83$20,377,972$3,261,300$1,562,687$15,767,308
84$22,356,268$3,320,847$1,514,780$17,223,070
85$24,533,193$3,380,153$1,462,111$18,824,338
86$26,928,906$3,439,108$1,404,419$20,585,923
87$29,565,622$3,497,592$1,341,435$22,524,151
88$32,467,817$3,555,476$1,272,874$24,657,013
89$35,662,460$3,612,620$1,198,441$27,004,337
90$39,179,269$3,668,877$1,117,828$29,587,975
91$43,050,989$3,724,086$1,030,709$32,432,012
92$47,313,701$3,778,077$936,748$35,562,988
93$52,007,161$3,830,666$835,593$39,010,157
94$57,175,180$3,881,657$726,873$42,805,756
95$62,866,030$3,930,839$610,205$46,985,313
96$69,132,905$3,977,990$485,187$51,587,986
97$76,034,419$4,022,870$351,398$56,656,926
98$83,635,161$4,065,222$208,402$62,239,692
99$92,006,304$4,104,774$55,739$68,388,697
100$101,226,274$4,141,235$0$75,161,702