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%15.3%
1 years$137,907$136,679$135,480$134,310$133,168$130,266
2 years$68,271$66,999$65,767$64,572$63,413$60,505
3 years$45,062$43,785$42,556$41,372$40,232$37,407
4 years$33,460$32,186$30,970$29,806$28,694$25,974
5 years$26,500$25,235$24,034$22,894$21,813$19,206
6 years$21,862$20,606$19,423$18,309$17,260$14,769
7 years$18,550$17,305$16,140$15,052$14,037$11,662
8 years$16,068$14,833$13,688$12,627$11,645$9,386
9 years$14,138$12,915$11,790$10,756$9,807$7,662
10 years$12,595$11,384$10,279$9,271$8,356$6,323
11 years$11,333$10,135$9,049$8,069$7,186$5,262
12 years$10,282$9,096$8,031$7,077$6,227$4,409
13 years$9,394$8,220$7,175$6,248$5,430$3,715
14 years$8,633$7,472$6,447$5,547$4,760$3,144
15 years$7,975$6,826$5,821$4,947$4,191$2,671
16 years$7,399$6,263$5,277$4,429$3,704$2,276
17 years$6,891$5,768$4,802$3,980$3,284$1,945
18 years$6,441$5,330$4,384$3,586$2,920$1,665
19 years$6,038$4,939$4,013$3,241$2,603$1,428
20 years$5,676$4,590$3,683$2,935$2,325$1,227
21 years$5,349$4,275$3,388$2,664$2,081$1,056
22 years$5,052$3,991$3,122$2,422$1,865$909
23 years$4,781$3,733$2,883$2,206$1,674$784
24 years$4,533$3,497$2,666$2,012$1,505$676
25 years$4,306$3,282$2,469$1,837$1,354$584
26 years$4,096$3,084$2,290$1,680$1,220$504
27 years$3,902$2,903$2,127$1,538$1,100$436
28 years$3,722$2,735$1,977$1,409$992$377
29 years$3,555$2,580$1,840$1,292$896$326
30 years$3,399$2,437$1,714$1,186$810$282
31 years$3,254$2,304$1,598$1,089$732$244
32 years$3,118$2,180$1,491$1,001$662$212
33 years$2,991$2,064$1,392$920$599$183
34 years$2,871$1,957$1,300$847$542$159
35 years$2,758$1,856$1,216$779$491$138
36 years$2,652$1,761$1,137$718$445$119
37 years$2,552$1,673$1,065$661$403$103
38 years$2,458$1,590$997$610$366$90
39 years$2,368$1,512$934$562$332$78
40 years$2,283$1,438$875$518$301$67
41 years$2,203$1,369$821$478$273$58
42 years$2,126$1,304$770$441$248$51
43 years$2,053$1,242$723$408$225$44
44 years$1,984$1,184$678$376$204$38
45 years$1,918$1,129$637$347$185$33
46 years$1,855$1,077$598$321$168$29
47 years$1,795$1,028$562$297$153$25
48 years$1,738$981$528$274$139$21
49 years$1,683$937$496$253$126$19
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 $4,697 every year, while hoping to spend $20,652 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: 54/38/8 Blend
54$1,670,000$1,670,000$1,670,000$1,670,000
55$1,845,185$1,756,675$1,730,790$1,941,010
56$2,011,420$1,820,778$1,766,798$2,070,512
57$2,193,919$1,887,331$1,803,320$2,208,715
58$2,394,319$1,956,430$1,840,351$2,358,630
59$2,614,424$2,028,179$1,877,887$2,521,370
60$2,856,219$2,102,684$1,915,920$2,698,159
61$3,121,894$2,180,056$1,954,444$2,890,344
62$3,413,860$2,260,411$1,993,450$3,099,405
63$3,734,772$2,343,870$2,032,930$3,326,970
64$4,087,557$2,430,558$2,072,871$3,574,829
65$4,475,440$2,520,607$2,113,264$3,844,953
66$4,901,971$2,614,154$2,154,095$4,139,508
67$5,371,065$2,711,340$2,195,350$4,460,880
68$5,887,032$2,812,314$2,237,013$4,811,691
69$6,454,624$2,917,233$2,279,068$5,194,830
70$7,079,075$3,026,256$2,321,495$5,613,474
71$7,766,151$3,139,553$2,364,276$6,071,121
72$8,522,207$3,257,299$2,407,387$6,571,619
73$9,354,243$3,379,678$2,450,806$7,119,206
74$10,269,975$3,506,881$2,494,507$7,718,548
75$11,277,901$3,639,107$2,538,462$8,374,780
76$12,387,388$3,776,565$2,582,641$9,093,555
77$13,608,756$3,919,470$2,627,014$9,881,098
78$14,953,376$4,068,051$2,671,546$10,744,265
79$16,433,777$4,222,543$2,716,200$11,690,603
80$18,063,767$4,383,192$2,760,937$12,728,422
81$19,858,559$4,550,256$2,805,716$13,866,875
82$21,834,916$4,724,003$2,850,492$15,116,042
83$24,011,312$4,904,714$2,895,218$16,487,023
84$26,408,101$5,092,680$2,939,843$17,992,043
85$29,047,713$5,288,207$2,984,313$19,644,567
86$31,954,865$5,491,613$3,028,572$21,459,426
87$35,156,790$5,703,232$3,072,559$23,452,954
88$38,683,501$5,923,409$3,116,208$25,643,143
89$42,568,070$6,152,508$3,159,453$28,049,814
90$46,846,939$6,390,906$3,202,220$30,694,796
91$51,560,265$6,638,999$3,244,433$33,602,139
92$56,752,301$6,897,199$3,286,010$36,798,334
93$62,471,811$7,165,937$3,326,867$40,312,564
94$68,772,530$7,445,662$3,366,911$44,176,977
95$75,713,674$7,736,845$3,406,048$48,426,992
96$83,360,494$8,039,975$3,444,176$53,101,625
97$91,784,896$8,355,566$3,481,188$58,243,862
98$101,066,119$8,684,152$3,516,971$63,901,060
99$111,291,480$9,026,293$3,551,406$70,125,394
100$122,557,201$9,382,571$3,584,369$76,974,345