Can I retire at age 55 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$161,855$160,413$159,007$157,634$156,293$153,075
2 years$80,126$78,634$77,188$75,785$74,425$71,198
3 years$52,887$51,388$49,946$48,556$47,218$44,082
4 years$39,270$37,776$36,348$34,982$33,677$30,656
5 years$31,102$29,617$28,207$26,870$25,600$22,703
6 years$25,658$24,184$22,796$21,488$20,257$17,487
7 years$21,771$20,310$18,943$17,666$16,474$13,832
8 years$18,858$17,409$16,065$14,820$13,667$11,152
9 years$16,593$15,158$13,837$12,623$11,510$9,119
10 years$14,782$13,361$12,064$10,881$9,807$7,539
11 years$13,301$11,894$10,621$9,470$8,434$6,287
12 years$12,068$10,676$9,425$8,307$7,309$5,278
13 years$11,025$9,648$8,421$7,333$6,373$4,456
14 years$10,132$8,770$7,566$6,510$5,587$3,779
15 years$9,359$8,011$6,831$5,806$4,919$3,217
16 years$8,684$7,350$6,194$5,198$4,348$2,747
17 years$8,088$6,769$5,636$4,671$3,855$2,352
18 years$7,559$6,255$5,145$4,209$3,428$2,018
19 years$7,086$5,797$4,710$3,803$3,055$1,735
20 years$6,661$5,387$4,323$3,445$2,729$1,494
21 years$6,278$5,018$3,976$3,126$2,442$1,288
22 years$5,929$4,684$3,664$2,842$2,189$1,112
23 years$5,611$4,381$3,383$2,589$1,965$961
24 years$5,320$4,104$3,129$2,361$1,766$831
25 years$5,053$3,852$2,898$2,156$1,589$719
26 years$4,807$3,620$2,688$1,972$1,431$623
27 years$4,579$3,407$2,496$1,805$1,291$540
28 years$4,368$3,210$2,320$1,653$1,165$468
29 years$4,172$3,029$2,159$1,516$1,052$406
30 years$3,990$2,860$2,011$1,392$950$352
31 years$3,819$2,704$1,875$1,278$859$306
32 years$3,660$2,558$1,749$1,174$777$265
33 years$3,510$2,423$1,633$1,080$703$230
34 years$3,370$2,296$1,526$994$637$200
35 years$3,237$2,178$1,427$915$577$174
36 years$3,113$2,067$1,335$843$522$151
37 years$2,995$1,963$1,249$776$474$131
38 years$2,884$1,866$1,170$715$429$114
39 years$2,779$1,774$1,096$660$389$99
40 years$2,680$1,688$1,027$608$353$86
41 years$2,585$1,607$963$561$320$75
42 years$2,495$1,530$904$518$291$65
43 years$2,410$1,458$848$478$264$57
44 years$2,329$1,390$796$442$239$49
45 years$2,251$1,325$747$408$217$43
46 years$2,178$1,264$702$377$197$37
47 years$2,107$1,207$660$348$179$32
48 years$2,040$1,152$620$322$163$28
49 years$1,975$1,100$583$297$148$24
50 years$1,914$1,051$548$275$134$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,960,000, adding $4,004 every year, while hoping to spend $37,135 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: 38/44/18 Blend
54$1,960,000$1,960,000$1,960,000$1,960,000
55$2,164,050$2,060,170$2,029,790$2,234,438
56$2,345,272$2,121,607$2,058,277$2,346,878
57$2,543,734$2,184,810$2,086,473$2,464,486
58$2,761,155$2,249,826$2,114,330$2,590,809
59$2,999,428$2,316,703$2,141,796$2,726,654
60$3,260,640$2,385,492$2,168,816$2,872,906
61$3,547,087$2,456,242$2,195,333$3,030,540
62$3,861,297$2,529,005$2,221,284$3,200,628
63$4,206,058$2,603,835$2,246,605$3,384,348
64$4,584,438$2,680,785$2,271,229$3,582,999
65$4,999,817$2,759,911$2,295,082$3,798,008
66$5,455,920$2,841,268$2,318,089$4,030,946
67$5,956,849$2,924,914$2,340,169$4,283,543
68$6,507,121$3,010,909$2,361,239$4,557,702
69$7,111,716$3,099,312$2,381,209$4,855,520
70$7,776,116$3,190,183$2,399,984$5,179,304
71$8,506,364$3,283,587$2,417,468$5,531,593
72$9,309,115$3,379,585$2,433,555$5,915,186
73$10,191,703$3,478,242$2,448,138$6,333,164
74$11,162,206$3,579,625$2,461,099$6,788,917
75$12,229,525$3,683,801$2,472,320$7,286,183
76$13,403,468$3,790,838$2,481,674$7,829,076
77$14,694,838$3,900,805$2,489,026$8,422,128
78$16,115,540$4,013,774$2,494,238$9,070,331
79$17,678,692$4,129,816$2,497,161$9,779,184
80$19,398,745$4,249,003$2,497,643$10,554,744
81$21,291,624$4,371,411$2,495,521$11,403,683
82$23,374,874$4,497,115$2,490,625$12,333,353
83$25,667,828$4,626,190$2,482,778$13,351,852
84$28,191,788$4,758,715$2,471,792$14,468,100
85$30,970,226$4,894,767$2,457,473$15,691,928
86$34,029,004$5,034,427$2,439,614$17,034,164
87$37,396,623$5,177,774$2,418,001$18,506,740
88$41,104,483$5,324,889$2,392,409$20,122,802
89$45,187,188$5,475,856$2,362,602$21,896,833
90$49,682,865$5,630,757$2,328,333$23,844,793
91$54,633,528$5,789,675$2,289,343$25,984,267
92$60,085,473$5,952,695$2,245,362$28,334,630
93$66,089,716$6,119,901$2,196,106$30,917,232
94$72,702,471$6,291,380$2,141,279$33,755,597
95$79,985,682$6,467,217$2,080,571$36,875,649
96$88,007,609$6,647,498$2,013,657$40,305,950
97$96,843,469$6,832,309$1,940,199$44,077,977
98$106,576,148$7,021,737$1,859,841$48,226,411
99$117,296,982$7,215,869$1,772,212$52,789,473
100$129,106,617$7,414,790$1,676,924$57,809,277