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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$82,579$81,843$81,126$80,425$79,741$77,909
2 years$40,881$40,119$39,381$38,666$37,972$36,136
3 years$26,983$26,218$25,482$24,774$24,091$22,308
4 years$20,036$19,273$18,545$17,848$17,182$15,467
5 years$15,868$15,111$14,391$13,709$13,061$11,419
6 years$13,091$12,339$11,630$10,963$10,335$8,766
7 years$11,108$10,362$9,665$9,013$8,405$6,911
8 years$9,621$8,882$8,197$7,561$6,973$5,552
9 years$8,466$7,734$7,060$6,440$5,872$4,524
10 years$7,542$6,817$6,155$5,552$5,003$3,726
11 years$6,786$6,069$5,419$4,832$4,303$3,095
12 years$6,157$5,447$4,809$4,238$3,729$2,589
13 years$5,625$4,922$4,296$3,742$3,252$2,177
14 years$5,170$4,474$3,860$3,321$2,850$1,839
15 years$4,775$4,087$3,485$2,962$2,510$1,559
16 years$4,430$3,750$3,160$2,652$2,218$1,325
17 years$4,126$3,454$2,875$2,383$1,967$1,130
18 years$3,857$3,191$2,625$2,148$1,749$965
19 years$3,615$2,958$2,403$1,940$1,559$826
20 years$3,399$2,748$2,205$1,757$1,392$708
21 years$3,203$2,560$2,029$1,595$1,246$608
22 years$3,025$2,390$1,870$1,450$1,117$522
23 years$2,863$2,235$1,726$1,321$1,002$449
24 years$2,714$2,094$1,596$1,205$901$387
25 years$2,578$1,965$1,479$1,100$811$333
26 years$2,453$1,847$1,371$1,006$730$287
27 years$2,336$1,738$1,273$921$658$248
28 years$2,229$1,638$1,184$844$594$214
29 years$2,129$1,545$1,102$774$537$184
30 years$2,036$1,459$1,026$710$485$159
31 years$1,949$1,380$957$652$438$137
32 years$1,867$1,305$893$599$396$119
33 years$1,791$1,236$833$551$359$103
34 years$1,719$1,172$779$507$325$89
35 years$1,652$1,111$728$467$294$77
36 years$1,588$1,055$681$430$267$66
37 years$1,528$1,002$637$396$242$57
38 years$1,472$952$597$365$219$49
39 years$1,418$905$559$337$199$43
40 years$1,367$861$524$310$180$37
41 years$1,319$820$492$286$163$32
42 years$1,273$781$461$264$148$28
43 years$1,230$744$433$244$135$24
44 years$1,188$709$406$225$122$21
45 years$1,149$676$381$208$111$18
46 years$1,111$645$358$192$101$15
47 years$1,075$616$336$178$91$13
48 years$1,041$588$316$164$83$12
49 years$1,008$561$297$152$75$10
50 years$976$536$279$140$69$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,000,000, adding $4,624 every year, while hoping to spend $47,988 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: 75/5/20 Blend
54$1,000,000$1,000,000$1,000,000$1,000,000
55$1,106,770$1,053,770$1,038,270$1,184,217
56$1,168,601$1,054,346$1,021,993$1,236,769
57$1,235,131$1,053,341$1,003,562$1,288,031
58$1,306,789$1,050,629$982,855$1,342,976
59$1,384,044$1,046,072$959,744$1,401,957
60$1,467,413$1,039,527$934,092$1,465,368
61$1,557,466$1,030,840$905,761$1,533,641
62$1,654,826$1,019,850$874,602$1,607,253
63$1,760,179$1,006,383$840,463$1,686,730
64$1,874,280$990,259$803,181$1,772,654
65$1,997,958$971,283$762,589$1,865,665
66$2,132,125$949,251$718,511$1,966,469
67$2,277,784$923,947$670,763$2,075,848
68$2,436,038$895,140$619,154$2,194,660
69$2,608,100$862,588$563,482$2,323,854
70$2,795,306$826,034$503,537$2,464,478
71$2,999,123$785,206$439,102$2,617,686
72$3,221,169$739,817$369,948$2,784,751
73$3,463,222$689,562$295,835$2,967,079
74$3,727,240$634,119$216,514$3,166,219
75$4,015,376$573,148$131,725$3,383,881
76$4,330,003$506,291$41,196$3,621,949
77$4,673,731$433,168$0$3,882,504
78$5,049,435$353,376$0$4,179,664
79$5,460,278$266,492$0$4,514,284
80$5,909,745$172,069$0$4,880,419
81$6,401,672$69,634$0$5,281,214
82$6,940,284$0$0$5,720,134
83$7,530,231$0$0$6,203,270
84$8,176,637$0$0$6,736,880
85$8,885,144$0$0$7,321,796
86$9,661,965$0$0$7,963,152
87$10,513,944$0$0$8,666,605
88$11,448,618$0$0$9,438,383
89$12,474,289$0$0$10,285,348
90$13,600,103$0$0$11,215,057
91$14,836,134$0$0$12,235,835
92$16,193,477$0$0$13,356,853
93$17,684,358$0$0$14,588,213
94$19,322,241$0$0$15,941,045
95$21,121,962$0$0$17,427,607
96$23,099,863$0$0$19,061,407
97$25,273,949$0$0$20,857,325
98$27,664,056$0$0$22,831,753
99$30,292,037$0$0$25,002,752
100$33,181,969$0$0$27,390,222