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%11.9%
1 years$137,907$136,679$135,480$134,310$133,168$132,108
2 years$68,271$66,999$65,767$64,572$63,413$62,344
3 years$45,062$43,785$42,556$41,372$40,232$39,188
4 years$33,460$32,186$30,970$29,806$28,694$27,682
5 years$26,500$25,235$24,034$22,894$21,813$20,836
6 years$21,862$20,606$19,423$18,309$17,260$16,320
7 years$18,550$17,305$16,140$15,052$14,037$13,135
8 years$16,068$14,833$13,688$12,627$11,645$10,780
9 years$14,138$12,915$11,790$10,756$9,807$8,979
10 years$12,595$11,384$10,279$9,271$8,356$7,565
11 years$11,333$10,135$9,049$8,069$7,186$6,431
12 years$10,282$9,096$8,031$7,077$6,227$5,507
13 years$9,394$8,220$7,175$6,248$5,430$4,745
14 years$8,633$7,472$6,447$5,547$4,760$4,109
15 years$7,975$6,826$5,821$4,947$4,191$3,572
16 years$7,399$6,263$5,277$4,429$3,704$3,117
17 years$6,891$5,768$4,802$3,980$3,284$2,728
18 years$6,441$5,330$4,384$3,586$2,920$2,394
19 years$6,038$4,939$4,013$3,241$2,603$2,105
20 years$5,676$4,590$3,683$2,935$2,325$1,855
21 years$5,349$4,275$3,388$2,664$2,081$1,637
22 years$5,052$3,991$3,122$2,422$1,865$1,447
23 years$4,781$3,733$2,883$2,206$1,674$1,281
24 years$4,533$3,497$2,666$2,012$1,505$1,135
25 years$4,306$3,282$2,469$1,837$1,354$1,006
26 years$4,096$3,084$2,290$1,680$1,220$893
27 years$3,902$2,903$2,127$1,538$1,100$793
28 years$3,722$2,735$1,977$1,409$992$705
29 years$3,555$2,580$1,840$1,292$896$627
30 years$3,399$2,437$1,714$1,186$810$558
31 years$3,254$2,304$1,598$1,089$732$497
32 years$3,118$2,180$1,491$1,001$662$443
33 years$2,991$2,064$1,392$920$599$394
34 years$2,871$1,957$1,300$847$542$351
35 years$2,758$1,856$1,216$779$491$313
36 years$2,652$1,761$1,137$718$445$279
37 years$2,552$1,673$1,065$661$403$249
38 years$2,458$1,590$997$610$366$222
39 years$2,368$1,512$934$562$332$198
40 years$2,283$1,438$875$518$301$177
41 years$2,203$1,369$821$478$273$158
42 years$2,126$1,304$770$441$248$141
43 years$2,053$1,242$723$408$225$126
44 years$1,984$1,184$678$376$204$112
45 years$1,918$1,129$637$347$185$100
46 years$1,855$1,077$598$321$168$90
47 years$1,795$1,028$562$297$153$80
48 years$1,738$981$528$274$139$72
49 years$1,683$937$496$253$126$64
50 years$1,631$895$467$234$114$57

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 $4,840 every year, while hoping to spend $49,035 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: 83/8/9 Blend
54$1,670,000$1,670,000$1,670,000$1,670,000
55$1,845,332$1,756,822$1,730,937$1,995,830
56$1,981,384$1,790,734$1,736,751$2,128,893
57$2,129,668$1,824,664$1,741,116$2,267,927
58$2,291,383$1,858,561$1,743,932$2,419,103
59$2,467,844$1,892,370$1,745,093$2,583,610
60$2,660,500$1,926,032$1,744,490$2,762,759
61$2,870,947$1,959,483$1,742,006$2,957,993
62$3,100,940$1,992,655$1,737,520$3,170,901
63$3,352,413$2,025,472$1,730,904$3,403,233
64$3,627,494$2,057,855$1,722,024$3,656,917
65$3,928,527$2,089,719$1,710,741$3,934,078
66$4,258,093$2,120,971$1,696,907$4,237,054
67$4,619,034$2,151,514$1,680,368$4,568,422
68$5,014,479$2,181,242$1,660,964$4,931,021
69$5,447,875$2,210,041$1,638,526$5,327,979
70$5,923,018$2,237,793$1,612,876$5,762,742
71$6,444,088$2,264,368$1,583,830$6,239,105
72$7,015,691$2,289,627$1,551,194$6,761,251
73$7,642,897$2,313,425$1,514,765$7,333,787
74$8,331,295$2,335,605$1,474,331$7,961,792
75$9,087,036$2,355,999$1,429,671$8,650,860
76$9,916,901$2,374,430$1,380,552$9,407,153
77$10,828,356$2,390,709$1,326,732$10,237,465
78$11,829,628$2,404,632$1,267,957$11,149,278
79$12,929,778$2,415,987$1,203,961$12,150,839
80$14,138,789$2,424,544$1,134,467$13,251,234
81$15,467,659$2,430,061$1,059,186$14,460,477
82$16,928,506$2,432,280$977,815$15,789,599
83$18,534,679$2,430,926$890,036$17,250,760
84$20,300,884$2,425,709$795,520$18,857,355
85$22,243,325$2,416,321$693,922$20,624,150
86$24,379,856$2,402,432$584,880$22,567,411
87$26,730,146$2,383,696$468,018$24,705,066
88$29,315,867$2,359,743$342,943$27,056,872
89$32,160,898$2,330,183$209,244$29,644,597
90$35,291,549$2,294,601$66,492$32,492,233
91$38,736,808$2,252,558$0$35,626,216
92$42,528,618$2,203,589$0$39,083,925
93$46,702,174$2,147,201$0$42,896,570
94$51,296,254$2,082,872$0$47,093,186
95$56,353,590$2,010,051$0$51,712,810
96$61,921,266$1,928,153$0$56,798,459
97$68,051,162$1,836,560$0$62,397,536
98$74,800,446$1,734,617$0$68,562,273
99$82,232,111$1,621,633$0$75,350,229
100$90,415,570$1,496,877$0$82,824,833