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%13.5%
1 years$141,210$139,952$138,725$137,527$136,358$134,376
2 years$69,906$68,604$67,342$66,119$64,932$62,939
3 years$46,141$44,834$43,575$42,363$41,196$39,254
4 years$34,261$32,957$31,711$30,520$29,381$27,506
5 years$27,135$25,839$24,609$23,442$22,335$20,531
6 years$22,385$21,099$19,888$18,747$17,673$15,943
7 years$18,994$17,719$16,527$15,413$14,373$12,717
8 years$16,452$15,189$14,016$12,930$11,924$10,342
9 years$14,476$13,225$12,072$11,013$10,041$8,534
10 years$12,896$11,657$10,525$9,493$8,556$7,120
11 years$11,604$10,377$9,266$8,262$7,358$5,993
12 years$10,529$9,314$8,223$7,247$6,377$5,081
13 years$9,619$8,417$7,347$6,398$5,560$4,332
14 years$8,840$7,651$6,601$5,679$4,874$3,712
15 years$8,166$6,989$5,960$5,065$4,292$3,192
16 years$7,576$6,413$5,404$4,535$3,793$2,755
17 years$7,056$5,906$4,917$4,075$3,363$2,384
18 years$6,595$5,457$4,489$3,672$2,990$2,068
19 years$6,182$5,058$4,109$3,318$2,665$1,798
20 years$5,812$4,700$3,771$3,005$2,381$1,566
21 years$5,477$4,378$3,469$2,727$2,131$1,365
22 years$5,173$4,086$3,197$2,480$1,910$1,192
23 years$4,895$3,822$2,952$2,258$1,714$1,042
24 years$4,642$3,581$2,730$2,060$1,541$912
25 years$4,409$3,361$2,529$1,881$1,386$799
26 years$4,194$3,158$2,345$1,720$1,249$700
27 years$3,995$2,972$2,178$1,574$1,126$614
28 years$3,811$2,801$2,024$1,443$1,016$539
29 years$3,640$2,642$1,884$1,323$917$473
30 years$3,481$2,495$1,755$1,214$829$416
31 years$3,332$2,359$1,636$1,115$749$365
32 years$3,193$2,232$1,526$1,025$678$321
33 years$3,062$2,114$1,425$942$614$282
34 years$2,940$2,003$1,332$867$555$248
35 years$2,825$1,900$1,245$798$503$218
36 years$2,716$1,804$1,165$735$456$192
37 years$2,613$1,713$1,090$677$413$169
38 years$2,516$1,628$1,021$624$375$149
39 years$2,425$1,548$956$576$340$131
40 years$2,338$1,473$896$531$308$115
41 years$2,255$1,402$841$490$280$101
42 years$2,177$1,335$788$452$254$89
43 years$2,103$1,272$740$417$230$79
44 years$2,032$1,213$694$385$209$69
45 years$1,964$1,156$652$356$190$61
46 years$1,900$1,103$612$329$172$54
47 years$1,838$1,053$575$304$156$47
48 years$1,780$1,005$541$281$142$42
49 years$1,723$960$508$259$129$37
50 years$1,670$917$478$240$117$32

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 $2,942 every year, while hoping to spend $58,383 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: 56/35/9 Blend
54$1,710,000$1,710,000$1,710,000$1,710,000
55$1,887,455$1,796,825$1,770,320$1,988,922
56$2,017,856$1,822,750$1,767,506$2,083,687
57$2,159,601$1,847,989$1,762,642$2,180,127
58$2,313,787$1,872,446$1,755,596$2,283,758
59$2,481,617$1,896,020$1,746,233$2,395,274
60$2,664,418$1,918,601$1,734,408$2,515,441
61$2,863,650$1,940,074$1,719,971$2,645,103
62$3,080,918$1,960,313$1,702,767$2,785,191
63$3,317,991$1,979,188$1,682,628$2,936,732
64$3,576,814$1,996,556$1,659,384$3,100,859
65$3,859,529$2,012,268$1,632,854$3,278,823
66$4,168,494$2,026,162$1,602,848$3,472,002
67$4,506,306$2,038,069$1,569,169$3,681,918
68$4,875,822$2,047,807$1,531,609$3,910,248
69$5,280,190$2,055,184$1,489,951$4,158,844
70$5,722,874$2,059,993$1,443,970$4,429,749
71$6,207,692$2,062,018$1,393,428$4,725,215
72$6,738,846$2,061,025$1,338,077$5,047,729
73$7,320,963$2,056,771$1,277,657$5,400,031
74$7,959,141$2,048,992$1,211,898$5,785,147
75$8,658,993$2,037,413$1,140,517$6,206,414
76$9,426,703$2,021,739$1,063,217$6,667,511
77$10,269,081$2,001,658$979,689$7,172,498
78$11,193,629$1,976,840$889,609$7,725,854
79$12,208,609$1,946,935$792,641$8,332,519
80$13,323,123$1,911,572$688,431$8,997,940
81$14,547,199$1,870,356$576,611$9,728,127
82$15,891,882$1,822,872$456,796$10,529,708
83$17,369,341$1,768,679$328,585$11,409,993
84$18,992,979$1,707,310$191,558$12,377,044
85$20,777,565$1,638,270$45,277$13,439,754
86$22,739,369$1,561,038$0$14,607,929
87$24,896,315$1,475,059$0$15,903,026
88$27,268,152$1,379,750$0$17,331,661
89$29,876,638$1,274,492$0$18,902,681
90$32,745,743$1,158,631$0$20,630,640
91$35,901,881$1,031,476$0$22,531,582
92$39,374,151$892,296$0$24,623,198
93$43,194,617$740,321$0$26,924,992
94$47,398,605$574,734$0$29,458,465
95$52,025,041$394,675$0$32,247,323
96$57,116,816$199,233$0$35,317,699
97$62,721,185$0$0$38,698,405
98$68,890,221$0$0$42,426,036
99$75,681,301$0$0$46,614,191
100$83,157,646$0$0$51,225,150