Can I retire at age 55 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$153,597$152,229$150,894$149,591$148,319$146,466
2 years$76,038$74,622$73,250$71,919$70,628$68,763
3 years$50,189$48,766$47,397$46,079$44,809$42,991
4 years$37,266$35,848$34,493$33,197$31,958$30,200
5 years$29,515$28,106$26,768$25,499$24,294$22,602
6 years$24,349$22,950$21,633$20,392$19,223$17,598
7 years$20,661$19,274$17,977$16,765$15,634$14,077
8 years$17,896$16,521$15,246$14,064$12,970$11,481
9 years$15,746$14,385$13,131$11,979$10,922$9,501
10 years$14,027$12,679$11,448$10,326$9,306$7,952
11 years$12,622$11,288$10,079$8,987$8,004$6,714
12 years$11,452$10,131$8,945$7,883$6,936$5,710
13 years$10,463$9,156$7,991$6,959$6,048$4,885
14 years$9,615$8,322$7,180$6,178$5,302$4,199
15 years$8,882$7,602$6,483$5,509$4,668$3,624
16 years$8,241$6,975$5,878$4,933$4,126$3,138
17 years$7,675$6,424$5,348$4,432$3,658$2,725
18 years$7,173$5,936$4,882$3,994$3,253$2,373
19 years$6,725$5,501$4,470$3,609$2,899$2,070
20 years$6,322$5,112$4,102$3,269$2,590$1,809
21 years$5,957$4,762$3,773$2,967$2,317$1,584
22 years$5,626$4,445$3,477$2,697$2,077$1,388
23 years$5,325$4,157$3,211$2,457$1,865$1,218
24 years$5,049$3,895$2,969$2,241$1,676$1,070
25 years$4,795$3,655$2,750$2,046$1,508$941
26 years$4,562$3,435$2,551$1,871$1,358$828
27 years$4,346$3,233$2,369$1,713$1,225$729
28 years$4,146$3,047$2,202$1,569$1,105$643
29 years$3,959$2,874$2,049$1,439$998$566
30 years$3,786$2,714$1,909$1,321$902$500
31 years$3,624$2,566$1,779$1,213$815$441
32 years$3,473$2,428$1,660$1,115$737$389
33 years$3,331$2,299$1,550$1,025$667$343
34 years$3,198$2,179$1,448$943$604$303
35 years$3,072$2,067$1,354$868$547$268
36 years$2,954$1,962$1,267$800$496$237
37 years$2,843$1,863$1,186$737$449$209
38 years$2,737$1,771$1,110$679$407$185
39 years$2,637$1,684$1,040$626$369$163
40 years$2,543$1,602$975$577$335$144
41 years$2,453$1,525$914$533$304$128
42 years$2,368$1,452$858$492$276$113
43 years$2,287$1,384$805$454$250$100
44 years$2,210$1,319$755$419$227$88
45 years$2,136$1,258$709$387$206$78
46 years$2,066$1,200$666$358$187$69
47 years$2,000$1,145$626$330$170$61
48 years$1,936$1,093$588$305$154$54
49 years$1,874$1,044$553$282$140$48
50 years$1,816$997$520$261$127$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,860,000, adding $2,590 every year, while hoping to spend $42,884 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: 55/17/28 Blend
54$1,860,000$1,860,000$1,860,000$1,860,000
55$2,052,392$1,953,812$1,924,982$2,149,232
56$2,216,107$2,003,920$1,943,840$2,266,418
57$2,395,085$2,055,047$1,961,893$2,389,344
58$2,590,835$2,107,196$1,979,069$2,522,368
59$2,805,023$2,160,371$1,995,290$2,666,477
60$3,039,481$2,214,574$2,010,478$2,822,759
61$3,296,226$2,269,807$2,024,547$2,992,413
62$3,577,480$2,326,067$2,037,409$3,176,760
63$3,885,692$2,383,353$2,048,970$3,377,257
64$4,223,555$2,441,660$2,059,133$3,595,506
65$4,594,038$2,500,982$2,067,795$3,833,277
66$5,000,411$2,561,310$2,074,847$4,092,519
67$5,446,273$2,622,635$2,080,175$4,375,379
68$5,935,592$2,684,943$2,083,660$4,684,224
69$6,472,736$2,748,219$2,085,176$5,021,664
70$7,062,518$2,812,444$2,084,592$5,390,574
71$7,710,239$2,877,598$2,081,770$5,794,123
72$8,421,738$2,943,656$2,076,564$6,235,806
73$9,203,450$3,010,589$2,068,823$6,719,472
74$10,062,461$3,078,367$2,058,388$7,249,365
75$11,006,580$3,146,955$2,045,092$7,830,164
76$12,044,408$3,216,312$2,028,759$8,467,025
77$13,185,421$3,286,395$2,009,206$9,165,630
78$14,440,061$3,357,156$1,986,242$9,932,245
79$15,819,831$3,428,540$1,959,665$10,773,772
80$17,337,404$3,500,489$1,929,264$11,697,823
81$19,006,745$3,572,938$1,894,819$12,712,785
82$20,843,237$3,645,816$1,856,100$13,827,905
83$22,863,832$3,719,046$1,812,864$15,053,373
84$25,087,207$3,792,543$1,764,859$16,400,421
85$27,533,941$3,866,217$1,711,821$17,881,429
86$30,226,709$3,939,968$1,653,473$19,510,044
87$33,190,495$4,013,688$1,589,526$21,301,305
88$36,452,828$4,087,261$1,519,677$23,271,790
89$40,044,041$4,160,562$1,443,612$25,439,771
90$43,997,559$4,233,455$1,360,998$27,825,385
91$48,350,209$4,305,793$1,271,491$30,450,830
92$53,142,574$4,377,421$1,174,730$33,340,569
93$58,419,371$4,448,169$1,070,337$36,521,567
94$64,229,873$4,517,855$957,920$40,023,542
95$70,628,376$4,586,286$837,065$43,879,250
96$77,674,708$4,653,251$707,345$48,124,791
97$85,434,796$4,718,529$568,309$52,799,954
98$93,981,288$4,781,879$419,490$57,948,592
99$103,394,234$4,843,046$260,397$63,619,039
100$113,761,846$4,901,756$90,521$69,864,562