Can I retire at age 55 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$150,294$148,955$147,649$146,374$145,129$140,484
2 years$74,403$73,017$71,674$70,372$69,109$64,472
3 years$49,109$47,718$46,378$45,088$43,846$39,362
4 years$36,465$35,077$33,751$32,483$31,271$26,975
5 years$28,880$27,501$26,192$24,950$23,772$19,675
6 years$23,825$22,457$21,167$19,953$18,810$14,916
7 years$20,216$18,859$17,590$16,405$15,297$11,606
8 years$17,511$16,166$14,918$13,761$12,691$9,200
9 years$15,407$14,075$12,849$11,722$10,687$7,392
10 years$13,726$12,407$11,202$10,104$9,106$6,002
11 years$12,351$11,045$9,862$8,794$7,832$4,913
12 years$11,206$9,913$8,752$7,713$6,787$4,047
13 years$10,238$8,959$7,820$6,810$5,918$3,351
14 years$9,409$8,143$7,026$6,045$5,188$2,786
15 years$8,691$7,439$6,343$5,391$4,568$2,324
16 years$8,063$6,825$5,751$4,827$4,037$1,944
17 years$7,510$6,286$5,233$4,337$3,579$1,629
18 years$7,019$5,808$4,777$3,908$3,183$1,368
19 years$6,580$5,383$4,373$3,532$2,837$1,151
20 years$6,186$5,002$4,014$3,199$2,534$970
21 years$5,829$4,659$3,692$2,903$2,268$818
22 years$5,505$4,349$3,403$2,639$2,033$690
23 years$5,210$4,068$3,142$2,404$1,825$583
24 years$4,940$3,811$2,906$2,192$1,640$493
25 years$4,692$3,577$2,691$2,002$1,476$417
26 years$4,464$3,362$2,496$1,831$1,329$353
27 years$4,252$3,164$2,318$1,676$1,198$298
28 years$4,056$2,981$2,155$1,535$1,081$253
29 years$3,874$2,812$2,005$1,408$976$214
30 years$3,705$2,656$1,868$1,292$882$181
31 years$3,546$2,511$1,741$1,187$798$154
32 years$3,398$2,376$1,624$1,091$722$130
33 years$3,259$2,250$1,517$1,003$653$110
34 years$3,129$2,132$1,417$923$591$93
35 years$3,006$2,022$1,325$849$535$79
36 years$2,891$1,920$1,239$782$485$67
37 years$2,781$1,823$1,160$721$440$57
38 years$2,678$1,733$1,086$664$399$48
39 years$2,581$1,648$1,018$613$362$41
40 years$2,488$1,568$954$565$328$35
41 years$2,400$1,492$895$521$297$29
42 years$2,317$1,421$839$481$270$25
43 years$2,238$1,354$787$444$245$21
44 years$2,162$1,291$739$410$222$18
45 years$2,091$1,231$694$379$202$15
46 years$2,022$1,174$652$350$183$13
47 years$1,957$1,120$612$323$166$11
48 years$1,894$1,070$575$299$151$9
49 years$1,834$1,021$541$276$137$8
50 years$1,777$976$509$255$125$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,820,000, adding $2,737 every year, while hoping to spend $41,195 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: 36/34/30 Blend
54$1,820,000$1,820,000$1,820,000$1,820,000
55$2,008,463$1,912,003$1,883,793$2,062,624
56$2,169,495$1,961,860$1,903,069$2,153,226
57$2,345,572$2,012,780$1,921,610$2,247,076
58$2,538,184$2,064,770$1,939,348$2,347,622
59$2,748,974$2,117,838$1,956,211$2,455,496
60$2,979,749$2,171,992$1,972,124$2,571,393
61$3,232,500$2,227,236$1,987,007$2,696,081
62$3,509,419$2,283,575$2,000,776$2,830,406
63$3,812,921$2,341,012$2,013,343$2,975,299
64$4,145,665$2,399,547$2,024,616$3,131,786
65$4,510,579$2,459,181$2,034,497$3,301,000
66$4,910,890$2,519,912$2,042,883$3,484,187
67$5,350,149$2,581,736$2,049,668$3,682,723
68$5,832,270$2,644,648$2,054,739$3,898,124
69$6,361,565$2,708,638$2,057,975$4,132,059
70$6,942,781$2,773,699$2,059,254$4,386,371
71$7,581,151$2,839,815$2,058,445$4,663,091
72$8,282,435$2,906,973$2,055,410$4,964,455
73$9,052,982$2,975,154$2,050,005$5,292,932
74$9,899,786$3,044,337$2,042,080$5,651,242
75$10,830,552$3,114,496$2,031,477$6,042,384
76$11,853,766$3,185,604$2,018,030$6,469,664
77$12,978,781$3,257,630$2,001,564$6,936,726
78$14,215,899$3,330,536$1,981,899$7,447,589
79$15,576,472$3,404,284$1,958,844$8,006,683
80$17,073,006$3,478,827$1,932,199$8,618,892
81$18,719,279$3,554,117$1,901,754$9,289,599
82$20,530,475$3,630,097$1,867,292$10,024,741
83$22,523,320$3,706,709$1,828,583$10,830,862
84$24,716,245$3,783,884$1,785,388$11,715,174
85$27,129,559$3,861,551$1,737,455$12,685,632
86$29,785,637$3,939,630$1,684,522$13,751,002
87$32,709,134$4,018,034$1,626,315$14,920,950
88$35,927,216$4,096,668$1,562,548$16,206,131
89$39,469,818$4,175,431$1,492,919$17,618,292
90$43,369,923$4,254,210$1,417,115$19,170,380
91$47,663,876$4,332,887$1,334,809$20,876,670
92$52,391,723$4,411,331$1,245,658$22,752,897
93$57,597,595$4,489,402$1,149,303$24,816,408
94$63,330,115$4,566,949$1,045,371$27,086,323
95$69,642,866$4,643,808$933,470$29,583,720
96$76,594,890$4,719,806$813,192$32,331,834
97$84,251,246$4,794,754$684,112$35,356,276
98$92,683,627$4,868,451$545,783$38,685,278
99$101,971,031$4,940,679$397,741$42,349,959
100$112,200,511$5,011,207$239,500$46,384,623