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%15.4%
1 years$137,907$136,679$135,480$134,310$133,168$130,213
2 years$68,271$66,999$65,767$64,572$63,413$60,452
3 years$45,062$43,785$42,556$41,372$40,232$37,356
4 years$33,460$32,186$30,970$29,806$28,694$25,926
5 years$26,500$25,235$24,034$22,894$21,813$19,160
6 years$21,862$20,606$19,423$18,309$17,260$14,726
7 years$18,550$17,305$16,140$15,052$14,037$11,622
8 years$16,068$14,833$13,688$12,627$11,645$9,348
9 years$14,138$12,915$11,790$10,756$9,807$7,626
10 years$12,595$11,384$10,279$9,271$8,356$6,289
11 years$11,333$10,135$9,049$8,069$7,186$5,231
12 years$10,282$9,096$8,031$7,077$6,227$4,380
13 years$9,394$8,220$7,175$6,248$5,430$3,688
14 years$8,633$7,472$6,447$5,547$4,760$3,120
15 years$7,975$6,826$5,821$4,947$4,191$2,648
16 years$7,399$6,263$5,277$4,429$3,704$2,255
17 years$6,891$5,768$4,802$3,980$3,284$1,925
18 years$6,441$5,330$4,384$3,586$2,920$1,647
19 years$6,038$4,939$4,013$3,241$2,603$1,412
20 years$5,676$4,590$3,683$2,935$2,325$1,212
21 years$5,349$4,275$3,388$2,664$2,081$1,042
22 years$5,052$3,991$3,122$2,422$1,865$897
23 years$4,781$3,733$2,883$2,206$1,674$772
24 years$4,533$3,497$2,666$2,012$1,505$666
25 years$4,306$3,282$2,469$1,837$1,354$575
26 years$4,096$3,084$2,290$1,680$1,220$496
27 years$3,902$2,903$2,127$1,538$1,100$428
28 years$3,722$2,735$1,977$1,409$992$370
29 years$3,555$2,580$1,840$1,292$896$320
30 years$3,399$2,437$1,714$1,186$810$277
31 years$3,254$2,304$1,598$1,089$732$239
32 years$3,118$2,180$1,491$1,001$662$207
33 years$2,991$2,064$1,392$920$599$179
34 years$2,871$1,957$1,300$847$542$155
35 years$2,758$1,856$1,216$779$491$134
36 years$2,652$1,761$1,137$718$445$116
37 years$2,552$1,673$1,065$661$403$101
38 years$2,458$1,590$997$610$366$87
39 years$2,368$1,512$934$562$332$75
40 years$2,283$1,438$875$518$301$65
41 years$2,203$1,369$821$478$273$57
42 years$2,126$1,304$770$441$248$49
43 years$2,053$1,242$723$408$225$42
44 years$1,984$1,184$678$376$204$37
45 years$1,918$1,129$637$347$185$32
46 years$1,855$1,077$598$321$168$28
47 years$1,795$1,028$562$297$153$24
48 years$1,738$981$528$274$139$21
49 years$1,683$937$496$253$126$18
50 years$1,631$895$467$234$114$16

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 $6,340 every year, while hoping to spend $43,000 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: 57/26/17 Blend
54$1,670,000$1,670,000$1,670,000$1,670,000
55$1,846,880$1,758,370$1,732,485$1,943,565
56$1,989,510$1,798,778$1,744,771$2,050,340
57$2,145,247$1,839,725$1,756,028$2,161,421
58$2,315,383$1,881,193$1,766,176$2,281,497
59$2,501,339$1,923,158$1,775,130$2,411,440
60$2,704,681$1,965,598$1,782,802$2,552,211
61$2,927,132$2,008,487$1,789,100$2,704,871
62$3,170,591$2,051,794$1,793,926$2,870,585
63$3,437,146$2,095,487$1,797,178$3,050,640
64$3,729,100$2,139,530$1,798,747$3,246,453
65$4,048,985$2,183,884$1,798,523$3,459,585
66$4,399,594$2,228,507$1,796,386$3,691,757
67$4,784,000$2,273,351$1,792,212$3,944,866
68$5,205,588$2,318,365$1,785,871$4,221,000
69$5,668,086$2,363,494$1,777,226$4,522,464
70$6,175,603$2,408,677$1,766,136$4,851,796
71$6,732,662$2,453,850$1,752,448$5,211,793
72$7,344,246$2,498,941$1,736,008$5,605,538
73$8,015,845$2,543,874$1,716,650$6,036,431
74$8,753,505$2,588,568$1,694,201$6,508,218
75$9,563,887$2,632,932$1,668,482$7,025,025
76$10,454,331$2,676,873$1,639,303$7,591,405
77$11,432,920$2,720,287$1,606,467$8,212,373
78$12,508,560$2,763,064$1,569,766$8,893,457
79$13,691,065$2,805,086$1,528,985$9,640,750
80$14,991,245$2,846,226$1,483,897$10,460,968
81$16,421,008$2,886,348$1,434,264$11,361,515
82$17,993,479$2,925,307$1,379,840$12,350,550
83$19,723,113$2,962,946$1,320,364$13,437,066
84$21,625,841$2,999,101$1,255,566$14,630,976
85$23,719,213$3,033,592$1,185,164$15,943,207
86$26,022,565$3,066,232$1,108,860$17,385,802
87$28,557,206$3,096,816$1,026,345$18,972,036
88$31,346,610$3,125,129$937,297$20,716,538
89$34,416,646$3,150,942$841,378$22,635,435
90$37,795,815$3,174,009$738,236$24,746,503
91$41,515,522$3,194,070$627,501$27,069,333
92$45,610,372$3,210,846$508,789$29,625,517
93$50,118,496$3,224,043$381,698$32,438,857
94$55,081,907$3,233,346$245,810$35,535,584
95$60,546,903$3,238,422$100,687$38,944,613
96$66,564,499$3,238,915$0$42,697,809
97$73,190,906$3,234,450$0$46,840,126
98$80,488,066$3,224,626$0$51,420,575
99$88,524,235$3,209,020$0$56,463,633
100$97,374,625$3,187,179$0$62,016,417