Can I retire at age 55 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$141,210$139,952$138,725$137,527$136,358$134,710
2 years$69,906$68,604$67,342$66,119$64,932$63,274
3 years$46,141$44,834$43,575$42,363$41,196$39,578
4 years$34,261$32,957$31,711$30,520$29,381$27,817
5 years$27,135$25,839$24,609$23,442$22,335$20,829
6 years$22,385$21,099$19,888$18,747$17,673$16,227
7 years$18,994$17,719$16,527$15,413$14,373$12,987
8 years$16,452$15,189$14,016$12,930$11,924$10,598
9 years$14,476$13,225$12,072$11,013$10,041$8,776
10 years$12,896$11,657$10,525$9,493$8,556$7,349
11 years$11,604$10,377$9,266$8,262$7,358$6,209
12 years$10,529$9,314$8,223$7,247$6,377$5,284
13 years$9,619$8,417$7,347$6,398$5,560$4,523
14 years$8,840$7,651$6,601$5,679$4,874$3,891
15 years$8,166$6,989$5,960$5,065$4,292$3,360
16 years$7,576$6,413$5,404$4,535$3,793$2,912
17 years$7,056$5,906$4,917$4,075$3,363$2,531
18 years$6,595$5,457$4,489$3,672$2,990$2,205
19 years$6,182$5,058$4,109$3,318$2,665$1,925
20 years$5,812$4,700$3,771$3,005$2,381$1,684
21 years$5,477$4,378$3,469$2,727$2,131$1,475
22 years$5,173$4,086$3,197$2,480$1,910$1,294
23 years$4,895$3,822$2,952$2,258$1,714$1,136
24 years$4,642$3,581$2,730$2,060$1,541$999
25 years$4,409$3,361$2,529$1,881$1,386$879
26 years$4,194$3,158$2,345$1,720$1,249$774
27 years$3,995$2,972$2,178$1,574$1,126$682
28 years$3,811$2,801$2,024$1,443$1,016$602
29 years$3,640$2,642$1,884$1,323$917$531
30 years$3,481$2,495$1,755$1,214$829$469
31 years$3,332$2,359$1,636$1,115$749$414
32 years$3,193$2,232$1,526$1,025$678$365
33 years$3,062$2,114$1,425$942$614$323
34 years$2,940$2,003$1,332$867$555$285
35 years$2,825$1,900$1,245$798$503$252
36 years$2,716$1,804$1,165$735$456$223
37 years$2,613$1,713$1,090$677$413$197
38 years$2,516$1,628$1,021$624$375$175
39 years$2,425$1,548$956$576$340$154
40 years$2,338$1,473$896$531$308$137
41 years$2,255$1,402$841$490$280$121
42 years$2,177$1,335$788$452$254$107
43 years$2,103$1,272$740$417$230$95
44 years$2,032$1,213$694$385$209$84
45 years$1,964$1,156$652$356$190$74
46 years$1,900$1,103$612$329$172$66
47 years$1,838$1,053$575$304$156$58
48 years$1,780$1,005$541$281$142$52
49 years$1,723$960$508$259$129$46
50 years$1,670$917$478$240$117$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,710,000, adding $4,929 every year, while hoping to spend $59,732 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: 62/9/29 Blend
54$1,710,000$1,710,000$1,710,000$1,710,000
55$1,889,504$1,798,874$1,772,369$1,991,629
56$2,018,679$1,823,465$1,768,189$2,086,265
57$2,159,028$1,847,258$1,761,867$2,182,664
58$2,311,628$1,870,152$1,753,268$2,286,670
59$2,477,662$1,892,038$1,742,251$2,399,041
60$2,658,435$1,912,800$1,728,668$2,520,611
61$2,855,381$1,932,312$1,712,364$2,652,303
62$3,070,077$1,950,442$1,693,175$2,795,133
63$3,304,260$1,967,050$1,670,932$2,950,225
64$3,559,843$1,981,984$1,645,457$3,118,816
65$3,838,930$1,995,084$1,616,562$3,302,275
66$4,143,837$2,006,179$1,584,053$3,502,108
67$4,477,115$2,015,088$1,547,726$3,719,981
68$4,841,571$2,021,618$1,507,365$3,957,729
69$5,240,297$2,025,563$1,462,747$4,217,380
70$5,676,697$2,026,705$1,413,639$4,501,167
71$6,154,519$2,024,813$1,359,795$4,811,557
72$6,677,891$2,019,640$1,300,959$5,151,270
73$7,251,360$2,010,925$1,236,865$5,523,308
74$7,879,929$1,998,392$1,167,231$5,930,981
75$8,569,115$1,981,746$1,091,766$6,377,941
76$9,324,988$1,960,675$1,010,164$6,868,216
77$10,154,238$1,934,849$922,105$7,406,251
78$11,064,232$1,903,918$827,257$7,996,944
79$12,063,084$1,867,511$725,271$8,645,702
80$13,159,734$1,825,234$615,783$9,358,487
81$14,364,028$1,776,672$498,412$10,141,872
82$15,686,813$1,721,382$372,763$11,003,109
83$17,140,038$1,658,900$238,421$11,950,194
84$18,736,866$1,588,731$94,953$12,991,945
85$20,491,801$1,510,353$0$14,138,086
86$22,420,817$1,423,213$0$15,417,334
87$24,541,517$1,326,727$0$16,856,043
88$26,873,293$1,220,278$0$18,437,991
89$29,437,509$1,103,211$0$20,177,713
90$32,257,703$974,837$0$22,091,224
91$35,359,811$834,426$0$24,196,174
92$38,772,406$681,208$0$26,512,012
93$42,526,972$514,367$0$29,060,171
94$46,658,196$333,044$0$31,864,267
95$51,204,300$136,331$0$34,950,329
96$56,207,395$0$0$38,347,037
97$61,713,885$0$0$42,093,596
98$67,774,896$0$0$46,232,460
99$74,446,766$0$0$50,788,616
100$81,791,570$0$0$55,804,473