Can I retire at age 55 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$162,681$161,232$159,818$158,438$157,091$155,709
2 years$80,535$79,035$77,582$76,172$74,805$73,413
3 years$53,157$51,650$50,200$48,804$47,459$46,100
4 years$39,470$37,968$36,533$35,161$33,848$32,532
5 years$31,260$29,768$28,351$27,007$25,731$24,462
6 years$25,789$24,308$22,912$21,598$20,360$19,139
7 years$21,883$20,413$19,040$17,757$16,558$15,386
8 years$18,954$17,498$16,147$14,896$13,737$12,613
9 years$16,677$15,235$13,908$12,688$11,568$10,494
10 years$14,857$13,429$12,125$10,937$9,857$8,830
11 years$13,369$11,955$10,675$9,518$8,477$7,498
12 years$12,129$10,730$9,474$8,349$7,346$6,413
13 years$11,082$9,697$8,464$7,371$6,406$5,518
14 years$10,184$8,814$7,605$6,543$5,615$4,772
15 years$9,407$8,052$6,866$5,835$4,944$4,143
16 years$8,728$7,388$6,225$5,225$4,370$3,610
17 years$8,129$6,804$5,665$4,694$3,875$3,155
18 years$7,598$6,287$5,171$4,231$3,445$2,765
19 years$7,122$5,827$4,734$3,823$3,071$2,428
20 years$6,695$5,414$4,345$3,462$2,743$2,136
21 years$6,310$5,043$3,996$3,142$2,454$1,883
22 years$5,959$4,708$3,683$2,857$2,200$1,661
23 years$5,640$4,403$3,401$2,602$1,975$1,468
24 years$5,347$4,125$3,145$2,373$1,775$1,299
25 years$5,079$3,871$2,913$2,167$1,597$1,150
26 years$4,831$3,639$2,702$1,982$1,439$1,019
27 years$4,603$3,424$2,509$1,814$1,297$904
28 years$4,391$3,227$2,332$1,662$1,170$802
29 years$4,194$3,044$2,170$1,524$1,057$712
30 years$4,010$2,875$2,022$1,399$955$633
31 years$3,839$2,718$1,885$1,285$863$562
32 years$3,678$2,571$1,758$1,180$781$500
33 years$3,528$2,435$1,642$1,086$707$445
34 years$3,387$2,308$1,534$999$640$396
35 years$3,254$2,189$1,434$919$580$352
36 years$3,129$2,078$1,342$847$525$314
37 years$3,011$1,973$1,256$780$476$279
38 years$2,899$1,875$1,176$719$432$249
39 years$2,793$1,783$1,102$663$391$222
40 years$2,693$1,697$1,033$612$355$197
41 years$2,598$1,615$968$564$322$176
42 years$2,508$1,538$908$521$292$157
43 years$2,422$1,466$852$481$265$140
44 years$2,341$1,397$800$444$241$125
45 years$2,263$1,332$751$410$219$111
46 years$2,189$1,271$706$379$198$99
47 years$2,118$1,213$663$350$180$88
48 years$2,050$1,158$623$323$164$79
49 years$1,985$1,106$586$299$149$70
50 years$1,923$1,056$550$276$135$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,970,000, adding $4,461 every year, while hoping to spend $45,548 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: 76/13/11 Blend
54$1,970,000$1,970,000$1,970,000$1,970,000
55$2,175,542$2,071,132$2,040,597$2,336,082
56$2,348,984$2,124,154$2,060,494$2,495,483
57$2,538,591$2,178,249$2,079,531$2,663,958
58$2,745,963$2,233,419$2,097,631$2,847,356
59$2,972,864$2,289,668$2,114,714$3,047,144
60$3,221,232$2,346,998$2,130,693$3,264,939
61$3,493,206$2,405,409$2,145,479$3,502,520
62$3,791,138$2,464,900$2,158,978$3,761,848
63$4,117,621$2,525,466$2,171,091$4,045,081
64$4,475,508$2,587,104$2,181,712$4,354,598
65$4,867,944$2,649,806$2,190,733$4,693,018
66$5,298,389$2,713,562$2,198,038$5,063,227
67$5,770,659$2,778,360$2,203,506$5,468,402
68$6,288,953$2,844,186$2,207,010$5,912,047
69$6,857,897$2,911,023$2,208,417$6,398,018
70$7,482,590$2,978,850$2,207,586$6,930,566
71$8,168,645$3,047,644$2,204,370$7,514,372
72$8,922,246$3,117,378$2,198,616$8,154,597
73$9,750,207$3,188,022$2,190,162$8,856,923
74$10,660,034$3,259,541$2,178,838$9,627,614
75$11,659,995$3,331,896$2,164,467$10,473,568
76$12,759,201$3,405,045$2,146,863$11,402,390
77$13,967,687$3,478,940$2,125,830$12,422,455
78$15,296,510$3,553,527$2,101,165$13,542,995
79$16,757,853$3,628,749$2,072,653$14,774,180
80$18,365,138$3,704,542$2,040,071$16,127,218
81$20,133,152$3,780,834$2,003,183$17,614,457
82$22,078,189$3,857,551$1,961,745$19,249,506
83$24,218,201$3,934,607$1,915,500$21,047,359
84$26,572,967$4,011,912$1,864,179$23,024,539
85$29,164,281$4,089,368$1,807,501$25,199,254
86$32,016,157$4,166,866$1,745,171$27,591,568
87$35,155,053$4,244,290$1,676,882$30,223,590
88$38,610,124$4,321,516$1,602,313$33,119,685
89$42,413,494$4,398,408$1,521,128$36,306,700
90$46,600,559$4,474,819$1,432,975$39,814,222
91$51,210,323$4,550,592$1,337,486$43,674,852
92$56,285,763$4,625,557$1,234,279$47,924,521
93$61,874,235$4,699,534$1,122,952$52,602,818
94$68,027,922$4,772,327$1,003,086$57,753,375
95$74,804,325$4,843,725$874,244$63,424,271
96$82,266,803$4,913,505$735,968$69,668,491
97$90,485,176$4,981,426$587,782$76,544,421
98$99,536,379$5,047,231$429,188$84,116,405
99$109,505,188$5,110,644$259,664$92,455,349
100$120,485,023$5,171,371$78,669$101,639,393