Can I retire at age 55 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$163,507$162,050$160,629$159,242$157,888$151,864
2 years$80,944$79,436$77,975$76,559$75,185$69,186
3 years$53,427$51,913$50,455$49,052$47,700$41,916
4 years$39,671$38,161$36,718$35,339$34,020$28,495
5 years$31,419$29,919$28,495$27,144$25,862$20,609
6 years$25,920$24,431$23,028$21,707$20,463$15,487
7 years$21,994$20,517$19,137$17,847$16,642$11,941
8 years$19,050$17,587$16,229$14,971$13,806$9,376
9 years$16,762$15,313$13,978$12,752$11,627$7,460
10 years$14,932$13,497$12,187$10,992$9,907$5,996
11 years$13,437$12,016$10,729$9,567$8,520$4,857
12 years$12,191$10,785$9,522$8,391$7,383$3,959
13 years$11,138$9,746$8,507$7,408$6,438$3,242
14 years$10,236$8,859$7,644$6,576$5,644$2,665
15 years$9,455$8,093$6,901$5,865$4,969$2,198
16 years$8,772$7,425$6,257$5,251$4,392$1,817
17 years$8,170$6,838$5,693$4,718$3,894$1,506
18 years$7,636$6,319$5,197$4,252$3,463$1,250
19 years$7,159$5,856$4,758$3,842$3,086$1,039
20 years$6,729$5,442$4,367$3,480$2,757$864
21 years$6,342$5,069$4,016$3,158$2,467$720
22 years$5,989$4,732$3,702$2,871$2,211$600
23 years$5,668$4,425$3,418$2,615$1,985$500
24 years$5,375$4,146$3,161$2,385$1,784$418
25 years$5,105$3,891$2,928$2,178$1,605$349
26 years$4,856$3,657$2,715$1,992$1,446$291
27 years$4,626$3,442$2,521$1,823$1,304$243
28 years$4,413$3,243$2,344$1,670$1,176$203
29 years$4,215$3,059$2,181$1,532$1,062$170
30 years$4,030$2,889$2,032$1,406$960$142
31 years$3,858$2,731$1,894$1,291$868$119
32 years$3,697$2,584$1,767$1,186$785$99
33 years$3,546$2,448$1,650$1,091$710$83
34 years$3,404$2,320$1,542$1,004$643$70
35 years$3,270$2,200$1,441$924$583$58
36 years$3,145$2,088$1,348$851$528$49
37 years$3,026$1,983$1,262$784$478$41
38 years$2,914$1,885$1,182$723$434$34
39 years$2,808$1,792$1,107$666$393$28
40 years$2,707$1,705$1,038$615$357$24
41 years$2,612$1,623$973$567$324$20
42 years$2,521$1,546$913$523$294$17
43 years$2,435$1,473$857$483$267$14
44 years$2,353$1,404$804$446$242$12
45 years$2,274$1,339$755$412$220$10
46 years$2,200$1,277$709$381$199$8
47 years$2,129$1,219$666$352$181$7
48 years$2,060$1,164$626$325$164$6
49 years$1,995$1,111$588$300$149$5
50 years$1,933$1,061$553$278$136$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,980,000, adding $5,461 every year, while hoping to spend $20,237 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: 66/17/17 Blend
54$1,980,000$1,980,000$1,980,000$1,980,000
55$2,187,593$2,082,653$2,051,963$2,322,541
56$2,389,195$2,163,171$2,099,172$2,494,033
57$2,610,683$2,246,956$2,147,284$2,678,575
58$2,854,063$2,334,147$2,196,308$2,879,809
59$3,121,546$2,424,889$2,246,253$3,099,371
60$3,415,568$2,519,332$2,297,126$3,339,060
61$3,738,812$2,617,636$2,348,936$3,600,857
62$4,094,235$2,719,964$2,401,690$3,886,945
63$4,485,094$2,826,490$2,455,393$4,199,723
64$4,914,978$2,937,392$2,510,054$4,541,835
65$5,387,841$3,052,860$2,565,676$4,916,193
66$5,908,039$3,173,088$2,622,264$5,325,999
67$6,480,373$3,298,283$2,679,824$5,774,783
68$7,110,131$3,428,659$2,738,358$6,266,430
69$7,803,139$3,564,439$2,797,868$6,805,219
70$8,565,820$3,705,857$2,858,357$7,395,861
71$9,405,247$3,853,157$2,919,826$8,043,546
72$10,329,216$4,006,595$2,982,274$8,753,989
73$11,346,316$4,166,438$3,045,699$9,533,485
74$12,466,010$4,332,964$3,110,100$10,388,966
75$13,698,728$4,506,464$3,175,474$11,328,069
76$15,055,961$4,687,243$3,241,814$12,359,205
77$16,550,370$4,875,619$3,309,116$13,491,639
78$18,195,908$5,071,925$3,377,372$14,735,576
79$20,007,948$5,276,507$3,446,572$16,102,261
80$22,003,433$5,489,730$3,516,706$17,604,075
81$24,201,030$5,711,973$3,587,762$19,254,664
82$26,621,309$5,943,634$3,659,726$21,069,057
83$29,286,937$6,185,126$3,732,581$23,063,811
84$32,222,892$6,436,885$3,806,310$25,257,167
85$35,456,698$6,699,363$3,880,893$27,669,222
86$39,018,685$6,973,036$3,956,307$30,322,116
87$42,942,275$7,258,399$4,032,527$33,240,241
88$47,264,297$7,555,971$4,109,527$36,450,473
89$52,025,336$7,866,294$4,187,276$39,982,421
90$57,270,113$8,189,935$4,265,743$43,868,707
91$63,047,910$8,527,488$4,344,891$48,145,275
92$69,413,035$8,879,572$4,424,683$52,851,727
93$76,425,330$9,246,837$4,505,076$58,031,697
94$84,150,744$9,629,962$4,586,026$63,733,263
95$92,661,945$10,029,655$4,667,483$70,009,399
96$102,039,015$10,446,660$4,749,395$76,918,470
97$112,370,201$10,881,753$4,831,707$84,524,791
98$123,752,750$11,335,747$4,914,357$92,899,225
99$136,293,823$11,809,491$4,997,280$102,119,853
100$150,111,511$12,303,875$5,080,408$112,272,712