Can I retire at age 55 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$142,036$140,771$139,536$138,332$137,155$132,818
2 years$70,315$69,005$67,736$66,506$65,312$60,982
3 years$46,411$45,096$43,830$42,611$41,437$37,249
4 years$34,461$33,150$31,897$30,699$29,553$25,540
5 years$27,293$25,990$24,753$23,580$22,466$18,638
6 years$22,516$21,223$20,004$18,857$17,776$14,138
7 years$19,106$17,823$16,624$15,503$14,457$11,007
8 years$16,549$15,278$14,098$13,005$11,993$8,730
9 years$14,561$13,302$12,143$11,078$10,100$7,019
10 years$12,972$11,725$10,586$9,549$8,606$5,703
11 years$11,672$10,438$9,320$8,310$7,401$4,671
12 years$10,590$9,369$8,271$7,289$6,414$3,850
13 years$9,675$8,466$7,390$6,435$5,593$3,190
14 years$8,892$7,696$6,640$5,713$4,903$2,654
15 years$8,213$7,030$5,995$5,095$4,317$2,215
16 years$7,620$6,450$5,435$4,562$3,815$1,854
17 years$7,098$5,940$4,946$4,099$3,383$1,556
18 years$6,633$5,489$4,515$3,694$3,008$1,307
19 years$6,219$5,087$4,133$3,338$2,681$1,101
20 years$5,846$4,727$3,793$3,023$2,395$928
21 years$5,509$4,403$3,489$2,743$2,143$783
22 years$5,203$4,110$3,216$2,494$1,921$661
23 years$4,924$3,844$2,969$2,272$1,724$559
24 years$4,669$3,602$2,746$2,072$1,550$473
25 years$4,434$3,380$2,543$1,892$1,395$400
26 years$4,218$3,177$2,359$1,730$1,256$339
27 years$4,019$2,990$2,190$1,584$1,133$287
28 years$3,834$2,817$2,036$1,451$1,022$243
29 years$3,661$2,658$1,895$1,331$923$206
30 years$3,501$2,510$1,765$1,221$834$175
31 years$3,352$2,373$1,645$1,121$754$148
32 years$3,212$2,245$1,535$1,031$682$126
33 years$3,080$2,126$1,433$948$617$107
34 years$2,957$2,015$1,339$872$559$90
35 years$2,841$1,911$1,252$803$506$77
36 years$2,732$1,814$1,171$739$459$65
37 years$2,629$1,723$1,096$681$416$55
38 years$2,531$1,637$1,027$628$377$47
39 years$2,439$1,557$962$579$342$40
40 years$2,352$1,481$902$534$310$34
41 years$2,269$1,410$845$493$281$29
42 years$2,190$1,343$793$455$255$24
43 years$2,115$1,280$744$420$232$21
44 years$2,044$1,220$699$388$210$18
45 years$1,976$1,163$656$358$191$15
46 years$1,911$1,110$616$331$173$13
47 years$1,849$1,059$579$305$157$11
48 years$1,790$1,011$544$282$143$9
49 years$1,733$965$511$261$130$8
50 years$1,679$922$481$241$118$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,720,000, adding $5,687 every year, while hoping to spend $26,776 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: 43/32/25 Blend
54$1,720,000$1,720,000$1,720,000$1,720,000
55$1,901,306$1,810,146$1,783,486$1,968,993
56$2,066,750$1,870,354$1,814,743$2,078,010
57$2,248,172$1,932,614$1,846,151$2,193,053
58$2,447,172$1,997,000$1,877,684$2,317,175
59$2,665,517$2,063,585$1,909,319$2,451,230
60$2,905,147$2,132,449$1,941,029$2,596,157
61$3,168,204$2,203,671$1,972,785$2,752,991
62$3,457,044$2,277,334$2,004,557$2,922,869
63$3,774,266$2,353,526$2,036,313$3,107,041
64$4,122,728$2,432,337$2,068,017$3,306,887
65$4,505,584$2,513,859$2,099,633$3,523,919
66$4,926,305$2,598,189$2,131,122$3,759,806
67$5,388,716$2,685,428$2,162,442$4,016,384
68$5,897,030$2,775,680$2,193,549$4,295,673
69$6,455,891$2,869,051$2,224,396$4,599,896
70$7,070,412$2,965,655$2,254,934$4,931,502
71$7,746,229$3,065,607$2,285,109$5,293,187
72$8,489,550$3,169,027$2,314,866$5,687,919
73$9,307,216$3,276,041$2,344,146$6,118,966
74$10,206,763$3,386,779$2,372,886$6,589,926
75$11,196,496$3,501,374$2,401,021$7,104,764
76$12,285,564$3,619,967$2,428,480$7,667,844
77$13,484,048$3,742,701$2,455,191$8,283,972
78$14,803,056$3,869,729$2,481,075$8,958,443
79$16,254,827$4,001,206$2,506,051$9,697,087
80$17,852,848$4,137,293$2,530,032$10,506,327
81$19,611,978$4,278,160$2,552,927$11,393,238
82$21,548,590$4,423,980$2,574,641$12,365,613
83$23,680,727$4,574,936$2,595,072$13,432,036
84$26,028,269$4,731,215$2,614,114$14,601,963
85$28,613,121$4,893,013$2,631,656$15,885,811
86$31,459,422$5,060,534$2,647,579$17,295,056
87$34,593,770$5,233,987$2,661,760$18,842,342
88$38,045,475$5,413,593$2,674,070$20,541,596
89$41,846,833$5,599,578$2,684,370$22,408,165
90$46,033,431$5,792,179$2,692,518$24,458,954
91$50,644,487$5,991,641$2,698,363$26,712,589
92$55,723,213$6,198,220$2,701,747$29,189,594
93$61,317,229$6,412,181$2,702,503$31,912,578
94$67,479,006$6,633,798$2,700,457$34,906,454
95$74,266,369$6,863,359$2,695,427$38,198,670
96$81,743,035$7,101,159$2,687,220$41,819,472
97$89,979,218$7,347,509$2,675,635$45,802,182
98$99,052,291$7,602,730$2,660,461$50,183,517
99$109,047,515$7,867,155$2,641,478$55,003,936
100$120,058,848$8,141,131$2,618,453$60,308,017