Can I retire at age 55 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$157,726$156,321$154,950$153,612$152,306$146,844
2 years$78,082$76,628$75,219$73,852$72,527$67,083
3 years$51,538$50,077$48,671$47,318$46,014$40,759
4 years$38,268$36,812$35,420$34,090$32,818$27,792
5 years$30,308$28,861$27,488$26,184$24,947$20,165
6 years$25,004$23,567$22,214$20,940$19,740$15,203
7 years$21,216$19,792$18,460$17,216$16,054$11,762
8 years$18,377$16,965$15,656$14,442$13,318$9,268
9 years$16,169$14,771$13,484$12,301$11,216$7,402
10 years$14,405$13,020$11,756$10,604$9,557$5,972
11 years$12,962$11,591$10,350$9,228$8,219$4,857
12 years$11,760$10,404$9,185$8,095$7,122$3,974
13 years$10,744$9,402$8,206$7,146$6,211$3,268
14 years$9,874$8,546$7,373$6,344$5,444$2,698
15 years$9,121$7,807$6,657$5,657$4,794$2,235
16 years$8,462$7,163$6,036$5,066$4,237$1,856
17 years$7,882$6,597$5,492$4,551$3,756$1,544
18 years$7,366$6,095$5,014$4,102$3,340$1,287
19 years$6,906$5,649$4,590$3,706$2,977$1,075
20 years$6,491$5,250$4,212$3,357$2,659$898
21 years$6,117$4,890$3,874$3,046$2,380$752
22 years$5,778$4,564$3,571$2,770$2,133$630
23 years$5,468$4,269$3,297$2,523$1,915$528
24 years$5,185$4,000$3,049$2,301$1,721$442
25 years$4,924$3,754$2,824$2,101$1,549$371
26 years$4,684$3,528$2,619$1,921$1,395$311
27 years$4,463$3,320$2,432$1,759$1,258$262
28 years$4,257$3,128$2,261$1,611$1,135$220
29 years$4,066$2,951$2,104$1,478$1,025$184
30 years$3,888$2,787$1,960$1,356$926$155
31 years$3,722$2,635$1,827$1,245$837$130
32 years$3,566$2,493$1,705$1,145$757$109
33 years$3,421$2,361$1,592$1,052$685$92
34 years$3,284$2,238$1,487$968$620$77
35 years$3,155$2,122$1,391$891$562$65
36 years$3,034$2,014$1,301$821$509$55
37 years$2,919$1,913$1,218$756$461$46
38 years$2,811$1,818$1,140$697$418$39
39 years$2,708$1,729$1,068$643$379$32
40 years$2,611$1,645$1,001$593$344$27
41 years$2,519$1,566$939$547$312$23
42 years$2,432$1,491$881$505$283$19
43 years$2,349$1,421$826$466$257$16
44 years$2,269$1,354$776$430$233$14
45 years$2,194$1,292$728$397$212$11
46 years$2,122$1,232$684$367$192$10
47 years$2,053$1,176$643$339$175$8
48 years$1,988$1,122$604$313$159$7
49 years$1,925$1,072$568$290$144$6
50 years$1,865$1,024$534$268$131$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,910,000, adding $5,106 every year, while hoping to spend $20,508 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: 30/45/25 Blend
54$1,910,000$1,910,000$1,910,000$1,910,000
55$2,110,087$2,008,857$1,979,252$2,156,943
56$2,303,495$2,085,470$2,023,736$2,270,196
57$2,515,944$2,165,151$2,069,024$2,389,788
58$2,749,354$2,248,027$2,115,120$2,518,028
59$3,005,840$2,334,232$2,162,028$2,655,680
60$3,287,733$2,423,907$2,209,754$2,803,582
61$3,597,601$2,517,198$2,258,300$2,962,653
62$3,938,274$2,614,257$2,307,670$3,133,902
63$4,312,867$2,715,245$2,357,866$3,318,433
64$4,724,814$2,820,327$2,408,889$3,517,462
65$5,177,899$2,929,677$2,460,741$3,732,322
66$5,676,290$3,043,476$2,513,421$3,964,475
67$6,224,580$3,161,915$2,566,929$4,215,531
68$6,827,828$3,285,190$2,621,262$4,487,255
69$7,491,611$3,413,508$2,676,419$4,781,586
70$8,222,070$3,547,086$2,732,394$5,100,656
71$9,025,976$3,686,147$2,789,184$5,446,809
72$9,910,785$3,830,928$2,846,781$5,822,620
73$10,884,716$3,981,675$2,905,179$6,230,919
74$11,956,824$4,138,643$2,964,369$6,674,819
75$13,137,085$4,302,102$3,024,341$7,157,742
76$14,436,494$4,472,331$3,085,082$7,683,453
77$15,867,164$4,649,623$3,146,581$8,256,091
78$17,442,445$4,834,285$3,208,821$8,880,210
79$19,177,044$5,026,635$3,271,786$9,560,819
80$21,087,170$5,227,007$3,335,458$10,303,429
81$23,190,681$5,435,750$3,399,816$11,114,104
82$25,507,259$5,653,230$3,464,838$11,999,517
83$28,058,587$5,879,827$3,530,498$12,967,010
84$30,868,564$6,115,938$3,596,770$14,024,665
85$33,963,520$6,361,982$3,663,625$15,181,375
86$37,372,471$6,618,392$3,731,029$16,446,932
87$41,127,393$6,885,623$3,798,948$17,832,110
88$45,263,520$7,164,151$3,867,345$19,348,775
89$49,819,677$7,454,472$3,936,179$21,009,985
90$54,838,649$7,757,106$4,005,406$22,830,119
91$60,367,583$8,072,597$4,074,980$24,825,008
92$66,458,434$8,401,511$4,144,849$27,012,084
93$73,168,452$8,744,443$4,214,959$29,410,540
94$80,560,727$9,102,013$4,285,252$32,041,511
95$88,704,780$9,474,871$4,355,667$34,928,272
96$97,677,222$9,863,694$4,426,137$38,096,454
97$107,562,477$10,269,193$4,496,591$41,574,283
98$118,453,577$10,692,111$4,566,954$45,392,849
99$130,453,040$11,133,223$4,637,145$49,586,388
100$143,673,840$11,593,341$4,707,080$54,192,612