Can I retire at age 55 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$138,733$137,497$136,291$135,115$133,966$128,701
2 years$68,680$67,401$66,161$64,959$63,793$58,554
3 years$45,332$44,047$42,810$41,620$40,473$35,424
4 years$33,660$32,379$31,155$29,985$28,866$24,045
5 years$26,659$25,386$24,178$23,031$21,943$17,363
6 years$21,993$20,729$19,539$18,418$17,363$13,026
7 years$18,661$17,408$16,237$15,143$14,121$10,026
8 years$16,164$14,922$13,770$12,703$11,714$7,858
9 years$14,222$12,993$11,860$10,820$9,865$6,241
10 years$12,670$11,452$10,340$9,327$8,406$5,007
11 years$11,401$10,195$9,103$8,117$7,229$4,048
12 years$10,344$9,151$8,079$7,120$6,265$3,293
13 years$9,450$8,270$7,218$6,286$5,463$2,691
14 years$8,685$7,517$6,485$5,580$4,789$2,208
15 years$8,022$6,867$5,855$4,976$4,216$1,817
16 years$7,443$6,300$5,309$4,456$3,726$1,499
17 years$6,932$5,802$4,831$4,003$3,304$1,239
18 years$6,479$5,361$4,410$3,608$2,938$1,026
19 years$6,074$4,969$4,037$3,260$2,619$851
20 years$5,710$4,617$3,705$2,953$2,339$706
21 years$5,381$4,301$3,408$2,680$2,093$587
22 years$5,082$4,015$3,141$2,436$1,876$488
23 years$4,810$3,755$2,900$2,219$1,684$406
24 years$4,560$3,518$2,682$2,024$1,514$338
25 years$4,331$3,302$2,484$1,848$1,362$282
26 years$4,120$3,103$2,304$1,690$1,227$235
27 years$3,925$2,920$2,139$1,547$1,106$196
28 years$3,744$2,752$1,989$1,417$998$163
29 years$3,576$2,596$1,851$1,300$901$136
30 years$3,420$2,452$1,724$1,193$814$113
31 years$3,274$2,318$1,607$1,095$736$95
32 years$3,137$2,193$1,500$1,007$666$79
33 years$3,009$2,077$1,400$926$603$66
34 years$2,888$1,968$1,308$852$546$55
35 years$2,775$1,867$1,223$784$494$46
36 years$2,668$1,772$1,144$722$448$38
37 years$2,567$1,683$1,071$665$406$32
38 years$2,472$1,599$1,003$613$368$27
39 years$2,382$1,521$940$565$334$22
40 years$2,297$1,447$881$522$303$19
41 years$2,216$1,377$826$481$275$15
42 years$2,139$1,312$775$444$249$13
43 years$2,066$1,250$727$410$226$11
44 years$1,996$1,191$682$379$205$9
45 years$1,930$1,136$641$350$186$8
46 years$1,866$1,084$602$323$169$6
47 years$1,806$1,034$565$298$154$5
48 years$1,748$987$531$276$140$4
49 years$1,693$943$499$255$127$4
50 years$1,640$901$469$235$115$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,680,000, adding $2,064 every year, while hoping to spend $20,827 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: 57/34/9 Blend
54$1,680,000$1,680,000$1,680,000$1,680,000
55$1,853,489$1,764,449$1,738,409$1,955,091
56$2,020,385$1,828,747$1,774,486$2,088,104
57$2,203,607$1,895,498$1,811,073$2,230,457
58$2,404,797$1,964,800$1,848,167$2,385,056
59$2,625,765$2,036,754$1,885,760$2,553,074
60$2,868,507$2,111,469$1,923,846$2,735,799
61$3,135,218$2,189,054$1,962,418$2,934,651
62$3,428,318$2,269,625$2,001,467$3,151,192
63$3,750,474$2,353,304$2,040,983$3,387,137
64$4,104,622$2,440,216$2,080,956$3,644,375
65$4,493,999$2,530,492$2,121,374$3,924,985
66$4,922,169$2,624,269$2,162,222$4,231,253
67$5,393,061$2,721,689$2,203,487$4,565,698
68$5,911,002$2,822,900$2,245,153$4,931,087
69$6,480,761$2,928,059$2,287,202$5,330,471
70$7,107,590$3,037,325$2,329,615$5,767,205
71$7,797,278$3,150,868$2,372,371$6,244,982
72$8,556,202$3,268,863$2,415,447$6,767,871
73$9,391,391$3,391,493$2,458,821$7,340,347
74$10,310,586$3,518,949$2,502,464$7,967,340
75$11,322,319$3,651,431$2,546,350$8,654,278
76$12,435,991$3,789,146$2,590,448$9,407,137
77$13,661,959$3,932,311$2,634,725$10,232,497
78$15,011,637$4,081,153$2,679,147$11,137,606
79$16,497,601$4,235,907$2,723,675$12,130,443
80$18,133,709$4,396,819$2,768,271$13,219,798
81$19,935,230$4,564,146$2,812,891$14,415,349
82$21,918,991$4,738,157$2,857,491$15,727,758
83$24,103,533$4,919,131$2,902,021$17,168,765
84$26,509,285$5,107,360$2,946,430$18,751,304
85$29,158,760$5,303,148$2,990,664$20,489,619
86$32,076,765$5,506,815$3,034,663$22,399,401
87$35,290,638$5,718,691$3,078,367$24,497,934
88$38,830,499$5,939,123$3,121,709$26,804,255
89$42,729,544$6,168,474$3,164,619$29,339,339
90$47,024,348$6,407,120$3,207,025$32,126,288
91$51,755,219$6,655,456$3,248,847$35,190,555
92$56,966,572$6,913,894$3,290,004$38,560,178
93$62,707,350$7,182,863$3,330,408$42,266,045
94$69,031,490$7,462,813$3,369,966$46,342,188
95$75,998,423$7,754,212$3,408,581$50,826,096
96$83,673,643$8,057,550$3,446,150$55,759,073
97$92,129,323$8,373,337$3,482,564$61,186,628
98$101,444,992$8,702,109$3,517,708$67,158,895
99$111,708,291$9,044,423$3,551,462$73,731,113
100$123,015,799$9,400,861$3,583,697$80,964,142