Can I retire at age 55 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$146,991$145,681$144,404$143,157$141,940$137,617
2 years$72,768$71,412$70,099$68,826$67,590$63,272
3 years$48,030$46,669$45,359$44,097$42,882$38,704
4 years$35,663$34,307$33,010$31,770$30,584$26,578
5 years$28,246$26,897$25,617$24,402$23,249$19,426
6 years$23,302$21,963$20,702$19,515$18,396$14,760
7 years$19,772$18,445$17,204$16,044$14,961$11,511
8 years$17,126$15,810$14,590$13,459$12,412$9,145
9 years$15,069$13,766$12,566$11,464$10,453$7,367
10 years$13,424$12,134$10,956$9,882$8,906$5,996
11 years$12,079$10,802$9,645$8,600$7,660$4,921
12 years$10,960$9,695$8,560$7,544$6,638$4,064
13 years$10,013$8,762$7,648$6,660$5,788$3,374
14 years$9,202$7,964$6,871$5,912$5,074$2,813
15 years$8,500$7,275$6,204$5,272$4,467$2,353
16 years$7,886$6,675$5,625$4,721$3,948$1,974
17 years$7,345$6,148$5,118$4,242$3,501$1,660
18 years$6,865$5,681$4,672$3,823$3,113$1,398
19 years$6,436$5,265$4,277$3,454$2,774$1,180
20 years$6,050$4,892$3,926$3,128$2,478$997
21 years$5,701$4,557$3,611$2,839$2,218$843
22 years$5,384$4,254$3,328$2,581$1,988$714
23 years$5,096$3,978$3,073$2,351$1,784$605
24 years$4,832$3,728$2,842$2,144$1,604$513
25 years$4,589$3,498$2,632$1,958$1,443$435
26 years$4,366$3,288$2,441$1,790$1,300$369
27 years$4,159$3,094$2,267$1,639$1,172$314
28 years$3,967$2,916$2,107$1,502$1,058$266
29 years$3,789$2,750$1,961$1,377$955$226
30 years$3,623$2,598$1,827$1,264$863$192
31 years$3,468$2,456$1,703$1,161$780$163
32 years$3,324$2,323$1,589$1,067$706$139
33 years$3,188$2,200$1,483$981$639$118
34 years$3,060$2,085$1,386$902$578$101
35 years$2,940$1,978$1,296$831$524$85
36 years$2,827$1,877$1,212$765$475$73
37 years$2,720$1,783$1,135$705$430$62
38 years$2,619$1,695$1,063$650$390$53
39 years$2,524$1,611$995$599$354$45
40 years$2,434$1,533$933$553$321$38
41 years$2,348$1,459$875$510$291$32
42 years$2,266$1,390$821$471$264$28
43 years$2,189$1,324$770$434$240$23
44 years$2,115$1,262$723$401$217$20
45 years$2,045$1,204$679$370$197$17
46 years$1,978$1,148$638$342$179$14
47 years$1,914$1,096$599$316$163$12
48 years$1,852$1,046$563$292$148$10
49 years$1,794$999$529$270$134$9
50 years$1,738$954$497$250$122$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,780,000, adding $2,662 every year, while hoping to spend $35,084 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: 57/31/12 Blend
54$1,780,000$1,780,000$1,780,000$1,780,000
55$1,964,306$1,869,966$1,842,376$2,070,232
56$2,127,336$1,924,265$1,866,766$2,196,420
57$2,305,819$1,980,049$1,890,798$2,329,745
58$2,501,295$2,037,354$1,914,422$2,474,189
59$2,715,458$2,096,215$1,937,586$2,630,824
60$2,950,175$2,156,670$1,960,236$2,800,828
61$3,207,502$2,218,756$1,982,313$2,985,496
62$3,489,704$2,282,511$2,003,757$3,186,256
63$3,799,273$2,347,974$2,024,502$3,404,680
64$4,138,958$2,415,184$2,044,482$3,642,496
65$4,511,784$2,484,180$2,063,624$3,901,610
66$4,921,083$2,555,002$2,081,853$4,184,119
67$5,370,528$2,627,691$2,099,089$4,492,332
68$5,864,162$2,702,288$2,115,248$4,828,794
69$6,406,440$2,778,834$2,130,243$5,196,304
70$7,002,271$2,857,371$2,143,981$5,597,949
71$7,657,062$2,937,941$2,156,363$6,037,126
72$8,376,769$3,020,587$2,167,288$6,517,578
73$9,167,954$3,105,351$2,176,647$7,043,428
74$10,037,849$3,192,276$2,184,328$7,619,217
75$10,994,417$3,281,406$2,190,211$8,249,949
76$12,046,436$3,372,783$2,194,171$8,941,134
77$13,203,575$3,466,452$2,196,078$9,698,845
78$14,476,486$3,562,454$2,195,793$10,529,769
79$15,876,908$3,660,835$2,193,172$11,441,277
80$17,417,773$3,761,636$2,188,064$12,441,488
81$19,113,331$3,864,902$2,180,309$13,539,347
82$20,979,283$3,970,674$2,169,742$14,744,709
83$23,032,928$4,078,995$2,156,187$16,068,433
84$25,293,328$4,189,908$2,139,461$17,522,484
85$27,781,488$4,303,453$2,119,372$19,120,046
86$30,520,548$4,419,671$2,095,720$20,875,643
87$33,536,012$4,538,603$2,068,295$22,805,281
88$36,855,978$4,660,286$2,036,875$24,926,595
89$40,511,407$4,784,760$2,001,230$27,259,019
90$44,536,418$4,912,061$1,961,119$29,823,965
91$48,968,605$5,042,225$1,916,289$32,645,028
92$53,849,394$5,175,284$1,866,475$35,748,208
93$59,224,432$5,311,273$1,811,402$39,162,154
94$65,144,019$5,450,220$1,750,779$42,918,436
95$71,663,583$5,592,155$1,684,304$47,051,842
96$78,844,201$5,737,103$1,611,660$51,600,706
97$86,753,176$5,885,088$1,532,518$56,607,273
98$95,464,673$6,036,131$1,446,530$62,118,090
99$105,060,417$6,190,249$1,353,337$68,184,455
100$115,630,465$6,347,456$1,252,559$74,862,894