Can I retire at age 55 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$159,378$157,958$156,573$155,221$153,901$152,867
2 years$78,900$77,430$76,006$74,625$73,286$72,243
3 years$52,077$50,602$49,181$47,813$46,496$45,476
4 years$38,669$37,198$35,791$34,447$33,161$32,173
5 years$30,626$29,163$27,775$26,458$25,209$24,255
6 years$25,265$23,814$22,447$21,159$19,947$19,028
7 years$21,438$19,999$18,653$17,396$16,222$15,340
8 years$18,569$17,143$15,819$14,593$13,458$12,611
9 years$16,339$14,926$13,625$12,430$11,333$10,522
10 years$14,555$13,156$11,879$10,715$9,657$8,881
11 years$13,097$11,712$10,458$9,325$8,305$7,564
12 years$11,883$10,512$9,281$8,179$7,197$6,490
13 years$10,857$9,500$8,292$7,221$6,276$5,602
14 years$9,977$8,635$7,451$6,410$5,501$4,860
15 years$9,216$7,889$6,727$5,717$4,844$4,235
16 years$8,551$7,238$6,099$5,119$4,281$3,703
17 years$7,964$6,666$5,550$4,599$3,796$3,247
18 years$7,443$6,159$5,066$4,145$3,375$2,855
19 years$6,978$5,708$4,638$3,745$3,008$2,516
20 years$6,559$5,305$4,256$3,392$2,687$2,222
21 years$6,181$4,941$3,915$3,078$2,405$1,966
22 years$5,838$4,612$3,608$2,799$2,155$1,741
23 years$5,525$4,314$3,332$2,549$1,935$1,544
24 years$5,239$4,042$3,081$2,325$1,739$1,371
25 years$4,976$3,793$2,854$2,123$1,565$1,219
26 years$4,733$3,565$2,647$1,941$1,410$1,085
27 years$4,509$3,355$2,458$1,777$1,271$966
28 years$4,302$3,161$2,285$1,628$1,147$861
29 years$4,108$2,982$2,126$1,493$1,035$767
30 years$3,929$2,816$1,980$1,370$936$684
31 years$3,761$2,662$1,846$1,258$846$611
32 years$3,604$2,519$1,723$1,157$765$545
33 years$3,456$2,386$1,608$1,064$692$487
34 years$3,318$2,261$1,503$979$627$435
35 years$3,188$2,145$1,405$901$568$389
36 years$3,065$2,036$1,314$830$515$348
37 years$2,950$1,933$1,230$764$466$311
38 years$2,840$1,837$1,152$705$423$278
39 years$2,737$1,747$1,079$650$383$249
40 years$2,639$1,662$1,012$599$348$223
41 years$2,546$1,582$949$553$315$199
42 years$2,457$1,507$890$510$286$178
43 years$2,373$1,436$835$471$260$160
44 years$2,293$1,369$784$435$236$143
45 years$2,217$1,305$736$402$214$128
46 years$2,144$1,245$691$371$194$115
47 years$2,075$1,188$649$343$176$103
48 years$2,008$1,134$610$317$160$92
49 years$1,945$1,083$574$293$146$82
50 years$1,884$1,035$539$271$132$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,930,000, adding $5,528 every year, while hoping to spend $28,435 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: 76/14/10 Blend
54$1,930,000$1,930,000$1,930,000$1,930,000
55$2,132,562$2,030,272$2,000,357$2,290,466
56$2,319,829$2,099,501$2,037,114$2,464,426
57$2,525,244$2,171,169$2,074,150$2,650,901
58$2,750,628$2,245,365$2,111,444$2,854,502
59$2,997,987$2,322,184$2,148,972$3,076,920
60$3,269,531$2,401,720$2,186,712$3,320,016
61$3,567,694$2,484,075$2,224,637$3,585,842
62$3,895,156$2,569,352$2,262,720$3,876,656
63$4,254,872$2,657,660$2,300,931$4,194,943
64$4,650,095$2,749,111$2,339,238$4,543,443
65$5,084,408$2,843,821$2,377,607$4,925,172
66$5,561,762$2,941,913$2,416,001$5,343,449
67$6,086,507$3,043,511$2,454,381$5,801,935
68$6,663,435$3,148,748$2,492,707$6,304,657
69$7,297,827$3,257,758$2,530,935$6,856,054
70$7,995,500$3,370,683$2,569,016$7,461,015
71$8,762,865$3,487,671$2,606,902$8,124,924
72$9,606,984$3,608,873$2,644,540$8,853,713
73$10,535,638$3,734,449$2,681,873$9,653,917
74$11,557,399$3,864,564$2,718,843$10,532,734
75$12,681,715$3,999,388$2,755,385$11,498,094
76$13,918,993$4,139,101$2,791,433$12,558,733
77$15,280,701$4,283,888$2,826,917$13,724,277
78$16,779,475$4,433,942$2,861,762$15,005,329
79$18,429,239$4,589,462$2,895,889$16,413,572
80$20,245,335$4,750,659$2,929,214$17,961,876
81$22,244,665$4,917,747$2,961,649$19,664,422
82$24,445,858$5,090,954$2,993,101$21,536,834
83$26,869,438$5,270,513$3,023,473$23,596,328
84$29,538,022$5,456,669$3,052,660$25,861,868
85$32,476,530$5,649,676$3,080,553$28,354,354
86$35,712,423$5,849,797$3,107,039$31,096,812
87$39,275,961$6,057,308$3,131,995$34,114,613
88$43,200,487$6,272,494$3,155,295$37,435,710
89$47,522,743$6,495,653$3,176,805$41,090,908
90$52,283,218$6,727,095$3,196,382$45,114,147
91$57,526,525$6,967,142$3,213,881$49,542,823
92$63,301,828$7,216,129$3,229,143$54,418,146
93$69,663,301$7,474,406$3,242,006$59,785,523
94$76,670,643$7,742,336$3,252,298$65,694,986
95$84,389,636$8,020,298$3,259,837$72,201,670
96$92,892,771$8,308,686$3,264,434$79,366,324
97$102,259,932$8,607,909$3,265,891$87,255,892
98$112,579,144$8,918,396$3,263,997$95,944,139
99$123,947,409$9,240,590$3,258,534$105,512,349
100$136,471,622$9,574,956$3,249,271$116,050,092