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%15.7%
1 years$82,579$81,843$81,126$80,425$79,741$77,877
2 years$40,881$40,119$39,381$38,666$37,972$36,104
3 years$26,983$26,218$25,482$24,774$24,091$22,278
4 years$20,036$19,273$18,545$17,848$17,182$15,438
5 years$15,868$15,111$14,391$13,709$13,061$11,391
6 years$13,091$12,339$11,630$10,963$10,335$8,741
7 years$11,108$10,362$9,665$9,013$8,405$6,887
8 years$9,621$8,882$8,197$7,561$6,973$5,529
9 years$8,466$7,734$7,060$6,440$5,872$4,503
10 years$7,542$6,817$6,155$5,552$5,003$3,707
11 years$6,786$6,069$5,419$4,832$4,303$3,077
12 years$6,157$5,447$4,809$4,238$3,729$2,572
13 years$5,625$4,922$4,296$3,742$3,252$2,161
14 years$5,170$4,474$3,860$3,321$2,850$1,824
15 years$4,775$4,087$3,485$2,962$2,510$1,545
16 years$4,430$3,750$3,160$2,652$2,218$1,313
17 years$4,126$3,454$2,875$2,383$1,967$1,119
18 years$3,857$3,191$2,625$2,148$1,749$955
19 years$3,615$2,958$2,403$1,940$1,559$817
20 years$3,399$2,748$2,205$1,757$1,392$700
21 years$3,203$2,560$2,029$1,595$1,246$600
22 years$3,025$2,390$1,870$1,450$1,117$515
23 years$2,863$2,235$1,726$1,321$1,002$443
24 years$2,714$2,094$1,596$1,205$901$381
25 years$2,578$1,965$1,479$1,100$811$328
26 years$2,453$1,847$1,371$1,006$730$282
27 years$2,336$1,738$1,273$921$658$243
28 years$2,229$1,638$1,184$844$594$210
29 years$2,129$1,545$1,102$774$537$181
30 years$2,036$1,459$1,026$710$485$156
31 years$1,949$1,380$957$652$438$135
32 years$1,867$1,305$893$599$396$116
33 years$1,791$1,236$833$551$359$100
34 years$1,719$1,172$779$507$325$87
35 years$1,652$1,111$728$467$294$75
36 years$1,588$1,055$681$430$267$65
37 years$1,528$1,002$637$396$242$56
38 years$1,472$952$597$365$219$48
39 years$1,418$905$559$337$199$42
40 years$1,367$861$524$310$180$36
41 years$1,319$820$492$286$163$31
42 years$1,273$781$461$264$148$27
43 years$1,230$744$433$244$135$23
44 years$1,188$709$406$225$122$20
45 years$1,149$676$381$208$111$17
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$11
49 years$1,008$561$297$152$75$10
50 years$976$536$279$140$69$8

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 $3,496 every year, while hoping to spend $23,172 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: 47/39/14 Blend
54$1,000,000$1,000,000$1,000,000$1,000,000
55$1,105,606$1,052,606$1,037,106$1,153,070
56$1,193,723$1,079,529$1,047,194$1,213,210
57$1,290,051$1,106,994$1,056,844$1,275,791
58$1,395,404$1,135,005$1,066,016$1,343,201
59$1,510,676$1,163,561$1,074,668$1,415,899
60$1,636,854$1,192,664$1,082,758$1,494,390
61$1,775,023$1,222,314$1,090,240$1,579,229
62$1,926,378$1,252,510$1,097,066$1,671,028
63$2,092,236$1,283,251$1,103,185$1,770,461
64$2,274,046$1,314,532$1,108,544$1,878,270
65$2,473,406$1,346,351$1,113,087$1,995,272
66$2,692,073$1,378,703$1,116,756$2,122,369
67$2,931,986$1,411,580$1,119,488$2,260,551
68$3,195,277$1,444,977$1,121,220$2,410,912
69$3,484,298$1,478,883$1,121,883$2,574,655
70$3,801,636$1,513,288$1,121,406$2,753,107
71$4,150,144$1,548,180$1,119,714$2,947,729
72$4,532,963$1,583,545$1,116,729$3,160,131
73$4,953,553$1,619,367$1,112,368$3,392,088
74$5,415,729$1,655,629$1,106,545$3,645,554
75$5,923,689$1,692,310$1,099,170$3,922,684
76$6,482,060$1,729,389$1,090,147$4,225,851
77$7,095,942$1,766,840$1,079,379$4,557,672
78$7,770,950$1,804,637$1,066,760$4,921,030
79$8,513,272$1,842,750$1,052,182$5,319,101
80$9,329,727$1,881,145$1,035,530$5,755,388
81$10,227,824$1,919,787$1,016,686$6,233,748
82$11,215,842$1,958,636$995,524$6,758,434
83$12,302,897$1,997,649$971,914$7,334,133
84$13,499,038$2,036,779$945,719$7,966,010
85$14,815,335$2,075,976$916,795$8,659,756
86$16,263,985$2,115,185$884,994$9,421,646
87$17,858,428$2,154,345$850,158$10,258,594
88$19,613,473$2,193,394$812,123$11,178,219
89$21,545,437$2,232,260$770,719$12,188,921
90$23,672,301$2,270,870$725,767$13,299,956
91$26,013,875$2,309,142$677,080$14,521,523
92$28,591,991$2,346,990$624,463$15,864,868
93$31,430,702$2,384,321$567,710$17,342,381
94$34,556,515$2,421,034$506,610$18,967,720
95$37,998,637$2,457,022$440,939$20,755,935
96$41,789,253$2,492,171$370,465$22,723,616
97$45,963,826$2,526,357$294,945$24,889,046
98$50,561,436$2,559,448$214,125$27,272,374
99$55,625,145$2,591,303$127,741$29,895,810
100$61,202,405$2,621,772$35,516$32,783,829