Can I retire at age 55 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$155,249$153,866$152,517$151,200$149,914$144,999
2 years$76,856$75,424$74,037$72,692$71,388$66,483
3 years$50,728$49,291$47,907$46,575$45,291$40,551
4 years$37,667$36,234$34,864$33,554$32,302$27,762
5 years$29,832$28,408$27,056$25,773$24,556$20,228
6 years$24,611$23,197$21,865$20,611$19,430$15,318
7 years$20,883$19,481$18,170$16,945$15,802$11,906
8 years$18,088$16,699$15,410$14,215$13,109$9,426
9 years$15,915$14,539$13,272$12,108$11,040$7,565
10 years$14,178$12,816$11,571$10,437$9,406$6,134
11 years$12,758$11,409$10,187$9,084$8,090$5,015
12 years$11,575$10,240$9,041$7,967$7,010$4,125
13 years$10,575$9,254$8,077$7,034$6,113$3,411
14 years$9,719$8,412$7,257$6,244$5,359$2,832
15 years$8,977$7,684$6,553$5,569$4,718$2,359
16 years$8,329$7,050$5,941$4,986$4,170$1,970
17 years$7,758$6,493$5,406$4,480$3,697$1,649
18 years$7,250$6,000$4,935$4,037$3,288$1,383
19 years$6,797$5,560$4,518$3,648$2,930$1,162
20 years$6,390$5,167$4,146$3,304$2,617$977
21 years$6,021$4,813$3,814$2,999$2,342$823
22 years$5,687$4,493$3,515$2,726$2,100$693
23 years$5,382$4,202$3,245$2,483$1,885$585
24 years$5,103$3,937$3,001$2,265$1,694$493
25 years$4,847$3,695$2,780$2,068$1,524$417
26 years$4,611$3,472$2,578$1,891$1,373$352
27 years$4,392$3,268$2,394$1,731$1,238$297
28 years$4,190$3,079$2,226$1,586$1,117$251
29 years$4,002$2,905$2,071$1,454$1,009$212
30 years$3,827$2,743$1,929$1,335$911$180
31 years$3,663$2,593$1,799$1,226$824$152
32 years$3,510$2,454$1,678$1,127$745$129
33 years$3,367$2,324$1,567$1,036$675$109
34 years$3,232$2,203$1,464$953$611$92
35 years$3,105$2,089$1,369$877$553$78
36 years$2,986$1,983$1,280$808$501$66
37 years$2,873$1,883$1,198$745$454$56
38 years$2,767$1,790$1,122$686$412$47
39 years$2,666$1,702$1,051$633$373$40
40 years$2,570$1,619$985$584$339$34
41 years$2,480$1,541$924$538$307$29
42 years$2,394$1,468$867$497$279$24
43 years$2,312$1,399$813$459$253$21
44 years$2,234$1,333$764$424$230$17
45 years$2,159$1,271$717$391$209$15
46 years$2,089$1,213$673$361$189$12
47 years$2,021$1,157$633$334$172$11
48 years$1,956$1,105$594$308$156$9
49 years$1,895$1,055$559$285$142$8
50 years$1,836$1,008$525$264$129$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,880,000, adding $3,370 every year, while hoping to spend $23,725 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: 49/32/19 Blend
54$1,880,000$1,880,000$1,880,000$1,880,000
55$2,075,236$1,975,596$1,946,456$2,165,720
56$2,261,667$2,047,157$1,986,419$2,300,326
57$2,466,319$2,121,429$2,026,926$2,443,777
58$2,691,025$2,198,521$2,067,969$2,599,110
59$2,937,804$2,278,544$2,109,542$2,767,453
60$3,208,883$2,361,615$2,151,634$2,950,044
61$3,506,712$2,447,857$2,194,236$3,148,245
62$3,833,990$2,537,396$2,237,337$3,363,556
63$4,193,694$2,630,364$2,280,924$3,597,624
64$4,589,098$2,726,900$2,324,983$3,852,263
65$5,023,816$2,827,148$2,369,499$4,129,467
66$5,501,823$2,931,256$2,414,455$4,431,432
67$6,027,502$3,039,381$2,459,833$4,760,573
68$6,605,683$3,151,686$2,505,613$5,119,547
69$7,241,684$3,268,340$2,551,772$5,511,280
70$7,941,367$3,389,520$2,598,288$5,938,993
71$8,711,190$3,515,410$2,645,135$6,406,229
72$9,558,270$3,646,203$2,692,285$6,916,889
73$10,490,445$3,782,099$2,739,708$7,475,269
74$11,516,355$3,923,306$2,787,373$8,086,097
75$12,645,518$4,070,043$2,835,245$8,754,579
76$13,888,422$4,222,537$2,883,287$9,486,449
77$15,256,624$4,381,024$2,931,460$10,288,017
78$16,762,858$4,545,752$2,979,721$11,166,236
79$18,421,154$4,716,978$3,028,027$12,128,759
80$20,246,973$4,894,972$3,076,327$13,184,015
81$22,257,353$5,080,014$3,124,572$14,341,289
82$24,471,064$5,272,396$3,172,707$15,610,804
83$26,908,793$5,472,424$3,220,673$17,003,821
84$29,593,333$5,680,416$3,268,409$18,532,744
85$32,549,802$5,896,705$3,315,849$20,211,234
86$35,805,875$6,121,637$3,362,924$22,054,338
87$39,392,052$6,355,575$3,409,560$24,078,633
88$43,341,940$6,598,896$3,455,678$26,302,377
89$47,692,570$6,851,995$3,501,196$28,745,684
90$52,484,752$7,115,283$3,546,026$31,430,709
91$57,763,454$7,389,189$3,590,075$34,381,862
92$63,578,230$7,674,163$3,633,246$37,626,031
93$69,983,684$7,970,671$3,675,434$41,192,839
94$77,039,989$8,279,203$3,716,531$45,114,921
95$84,813,454$8,600,270$3,756,420$49,428,231
96$93,377,146$8,934,403$3,794,980$54,172,379
97$102,811,586$9,282,160$3,832,083$59,391,007
98$113,205,502$9,644,121$3,867,593$65,132,194
99$124,656,673$10,020,892$3,901,367$71,448,915
100$137,272,846$10,413,108$3,933,255$78,399,534