Can I retire at age 55 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$161,029$159,595$158,195$156,829$155,496$154,581
2 years$79,717$78,233$76,794$75,399$74,046$73,122
3 years$52,617$51,126$49,691$48,309$46,978$46,075
4 years$39,070$37,583$36,162$34,804$33,505$32,629
5 years$30,943$29,466$28,063$26,733$25,470$24,624
6 years$25,527$24,061$22,679$21,378$20,153$19,339
7 years$21,660$20,206$18,847$17,576$16,390$15,607
8 years$18,761$17,320$15,983$14,744$13,597$12,846
9 years$16,508$15,081$13,767$12,559$11,451$10,731
10 years$14,706$13,293$12,002$10,826$9,757$9,068
11 years$13,233$11,834$10,566$9,422$8,391$7,733
12 years$12,006$10,621$9,377$8,264$7,271$6,643
13 years$10,969$9,599$8,378$7,296$6,341$5,742
14 years$10,081$8,725$7,528$6,477$5,558$4,988
15 years$9,312$7,970$6,797$5,776$4,894$4,351
16 years$8,639$7,313$6,162$5,172$4,325$3,810
17 years$8,047$6,735$5,607$4,647$3,835$3,346
18 years$7,520$6,223$5,119$4,188$3,410$2,946
19 years$7,050$5,768$4,686$3,784$3,039$2,600
20 years$6,627$5,359$4,300$3,427$2,715$2,299
21 years$6,245$4,992$3,956$3,110$2,430$2,037
22 years$5,899$4,660$3,646$2,828$2,178$1,807
23 years$5,583$4,358$3,366$2,575$1,955$1,605
24 years$5,293$4,084$3,113$2,349$1,757$1,428
25 years$5,027$3,832$2,883$2,145$1,581$1,271
26 years$4,782$3,602$2,674$1,961$1,424$1,133
27 years$4,556$3,390$2,483$1,795$1,284$1,010
28 years$4,346$3,194$2,308$1,645$1,159$901
29 years$4,151$3,013$2,148$1,508$1,046$805
30 years$3,969$2,846$2,001$1,384$945$719
31 years$3,800$2,690$1,865$1,271$855$643
32 years$3,641$2,545$1,741$1,169$773$575
33 years$3,492$2,410$1,625$1,075$700$514
34 years$3,352$2,285$1,518$989$633$460
35 years$3,221$2,167$1,420$910$574$412
36 years$3,097$2,057$1,328$838$520$369
37 years$2,980$1,953$1,243$772$471$331
38 years$2,870$1,856$1,164$712$427$296
39 years$2,765$1,765$1,091$656$387$265
40 years$2,666$1,679$1,022$605$351$238
41 years$2,572$1,599$958$559$319$213
42 years$2,483$1,523$899$515$289$191
43 years$2,398$1,451$844$476$262$171
44 years$2,317$1,383$792$439$238$154
45 years$2,240$1,319$744$406$216$138
46 years$2,166$1,258$698$375$196$124
47 years$2,096$1,200$656$346$178$111
48 years$2,029$1,146$617$320$162$100
49 years$1,965$1,094$580$296$147$89
50 years$1,904$1,045$545$273$134$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,950,000, adding $2,594 every year, while hoping to spend $31,946 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: 74/20/6 Blend
54$1,950,000$1,950,000$1,950,000$1,950,000
55$2,151,576$2,048,226$2,018,001$2,309,187
56$2,337,046$2,114,598$2,051,613$2,479,645
57$2,540,364$2,183,153$2,085,281$2,662,010
58$2,763,316$2,253,962$2,118,973$2,860,864
59$3,007,869$2,327,101$2,152,654$3,077,825
60$3,276,192$2,402,650$2,186,288$3,314,676
61$3,570,672$2,480,688$2,219,837$3,573,377
62$3,893,938$2,561,299$2,253,259$3,856,088
63$4,248,888$2,644,571$2,286,512$4,165,187
64$4,638,713$2,730,593$2,319,548$4,503,293
65$5,066,927$2,819,458$2,352,318$4,873,289
66$5,537,404$2,911,261$2,384,771$5,278,350
67$6,054,409$3,006,103$2,416,851$5,721,972
68$6,622,643$3,104,087$2,448,500$6,208,007
69$7,247,284$3,205,318$2,479,656$6,740,694
70$7,934,035$3,309,907$2,510,253$7,324,706
71$8,689,182$3,417,968$2,540,222$7,965,187
72$9,519,649$3,529,619$2,569,490$8,667,805
73$10,433,066$3,644,982$2,597,980$9,438,801
74$11,437,836$3,764,184$2,625,610$10,285,052
75$12,543,222$3,887,356$2,652,295$11,214,132
76$13,759,428$4,014,633$2,677,943$12,234,384
77$15,097,695$4,146,156$2,702,460$13,355,002
78$16,570,412$4,282,070$2,725,745$14,586,112
79$18,191,228$4,422,525$2,747,691$15,938,868
80$19,975,182$4,567,678$2,768,188$17,425,562
81$21,938,846$4,717,689$2,787,117$19,059,733
82$24,100,478$4,872,726$2,804,356$20,856,300
83$26,480,199$5,032,962$2,819,774$22,831,697
84$29,100,178$5,198,575$2,833,234$25,004,034
85$31,984,843$5,369,752$2,844,595$27,393,260
86$35,161,112$5,546,685$2,853,703$30,021,359
87$38,658,645$5,729,573$2,860,403$32,912,550
88$42,510,127$5,918,622$2,864,526$36,093,519
89$46,751,571$6,114,045$2,865,899$39,593,669
90$51,422,663$6,316,065$2,864,338$43,445,398
91$56,567,133$6,524,911$2,859,652$47,684,404
92$62,233,169$6,740,820$2,851,638$52,350,020
93$68,473,870$6,964,038$2,840,086$57,485,588
94$75,347,750$7,194,820$2,824,774$63,138,862
95$82,919,286$7,433,432$2,805,469$69,362,466
96$91,259,529$7,680,147$2,781,929$76,214,382
97$100,446,776$7,935,249$2,753,898$83,758,503
98$110,567,303$8,199,032$2,721,110$92,065,233
99$121,716,185$8,471,802$2,683,284$101,212,148
100$133,998,190$8,753,874$2,640,128$111,284,735