Can I retire at age 55 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$146,165$144,863$143,593$142,353$141,142$139,552
2 years$72,359$71,011$69,705$68,439$67,211$65,610
3 years$47,760$46,407$45,104$43,849$42,641$41,079
4 years$35,463$34,114$32,824$31,591$30,412$28,901
5 years$28,087$26,746$25,473$24,265$23,119$21,664
6 years$23,171$21,840$20,586$19,405$18,293$16,895
7 years$19,661$18,341$17,107$15,954$14,877$13,537
8 years$17,030$15,722$14,508$13,383$12,342$11,060
9 years$14,984$13,689$12,496$11,400$10,394$9,169
10 years$13,349$12,066$10,894$9,827$8,856$7,687
11 years$12,012$10,741$9,591$8,552$7,616$6,503
12 years$10,898$9,641$8,512$7,501$6,600$5,541
13 years$9,957$8,713$7,605$6,623$5,756$4,749
14 years$9,150$7,920$6,833$5,879$5,045$4,091
15 years$8,452$7,235$6,169$5,243$4,442$3,538
16 years$7,842$6,638$5,593$4,694$3,926$3,070
17 years$7,304$6,113$5,090$4,218$3,481$2,672
18 years$6,826$5,649$4,646$3,801$3,095$2,331
19 years$6,399$5,235$4,253$3,435$2,759$2,038
20 years$6,016$4,865$3,904$3,111$2,464$1,785
21 years$5,669$4,531$3,590$2,823$2,205$1,566
22 years$5,354$4,230$3,309$2,567$1,977$1,376
23 years$5,067$3,956$3,055$2,338$1,774$1,211
24 years$4,805$3,707$2,826$2,132$1,595$1,066
25 years$4,563$3,478$2,617$1,947$1,435$939
26 years$4,341$3,269$2,427$1,780$1,293$829
27 years$4,135$3,077$2,254$1,630$1,166$731
28 years$3,945$2,899$2,095$1,493$1,052$646
29 years$3,768$2,735$1,950$1,369$950$571
30 years$3,603$2,583$1,816$1,257$858$505
31 years$3,449$2,442$1,693$1,154$776$446
32 years$3,305$2,310$1,580$1,061$702$395
33 years$3,170$2,188$1,475$975$635$350
34 years$3,043$2,074$1,378$897$575$309
35 years$2,924$1,967$1,289$826$521$274
36 years$2,811$1,867$1,205$761$472$243
37 years$2,705$1,773$1,128$701$428$215
38 years$2,605$1,685$1,057$646$388$191
39 years$2,510$1,602$990$596$352$169
40 years$2,420$1,524$928$550$319$150
41 years$2,335$1,451$870$507$289$133
42 years$2,253$1,382$816$468$263$118
43 years$2,176$1,317$766$432$238$104
44 years$2,103$1,255$719$399$216$93
45 years$2,033$1,197$675$368$196$82
46 years$1,966$1,142$634$340$178$73
47 years$1,903$1,090$596$314$162$65
48 years$1,842$1,040$560$290$147$57
49 years$1,784$993$526$268$134$51
50 years$1,728$949$495$248$121$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,770,000, adding $2,152 every year, while hoping to spend $49,018 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: 57/18/25 Blend
54$1,770,000$1,770,000$1,770,000$1,770,000
55$1,952,760$1,858,950$1,831,515$2,050,664
56$2,099,787$1,897,884$1,840,716$2,156,842
57$2,260,167$1,937,082$1,848,582$2,267,141
58$2,435,212$1,976,507$1,855,017$2,386,329
59$2,626,363$2,016,116$1,859,920$2,515,276
60$2,835,209$2,055,862$1,863,184$2,654,944
61$3,063,497$2,095,696$1,864,698$2,806,394
62$3,313,152$2,135,563$1,864,343$2,970,793
63$3,586,293$2,175,405$1,861,998$3,149,430
64$3,885,253$2,215,158$1,857,533$3,343,725
65$4,212,602$2,254,754$1,850,813$3,555,244
66$4,571,168$2,294,118$1,841,697$3,785,715
67$4,964,068$2,333,170$1,830,034$4,037,040
68$5,394,732$2,371,825$1,815,670$4,311,320
69$5,866,941$2,409,991$1,798,441$4,610,867
70$6,384,857$2,447,568$1,778,176$4,938,235
71$6,953,063$2,484,450$1,754,697$5,296,237
72$7,576,611$2,520,524$1,727,814$5,687,975
73$8,261,062$2,555,666$1,697,333$6,116,870
74$9,012,544$2,589,747$1,663,047$6,586,692
75$9,837,806$2,622,627$1,624,742$7,101,599
76$10,744,283$2,654,157$1,582,191$7,666,176
77$11,740,166$2,684,176$1,535,161$8,285,477
78$12,834,478$2,712,516$1,483,403$8,965,074
79$14,037,159$2,738,994$1,426,662$9,711,110
80$15,359,161$2,763,416$1,364,667$10,530,358
81$16,812,549$2,785,577$1,297,137$11,430,286
82$18,410,615$2,805,256$1,223,777$12,419,126
83$20,168,005$2,822,220$1,144,280$13,505,953
84$22,100,852$2,836,220$1,058,324$14,700,772
85$24,226,935$2,846,991$965,574$16,014,614
86$26,565,840$2,854,251$865,678$17,459,638
87$29,139,147$2,857,701$758,271$19,049,250
88$31,970,635$2,857,024$642,968$20,798,225
89$35,086,503$2,851,881$519,370$22,722,854
90$38,515,617$2,841,914$387,060$24,841,095
91$42,289,785$2,826,743$245,601$27,172,742
92$46,444,054$2,805,964$94,540$29,739,617
93$51,017,041$2,779,149$0$32,565,773
94$56,051,296$2,745,845$0$35,695,510
95$61,593,707$2,705,570$0$39,168,338
96$67,695,938$2,657,815$0$42,991,368
97$74,414,915$2,602,040$0$47,200,255
98$81,813,368$2,537,672$0$51,834,293
99$89,960,420$2,464,106$0$56,936,785
100$98,932,238$2,380,702$0$62,555,453