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%19.8%
1 years$82,579$81,843$81,126$80,425$79,741$76,608
2 years$40,881$40,119$39,381$38,666$37,972$34,853
3 years$26,983$26,218$25,482$24,774$24,091$21,085
4 years$20,036$19,273$18,545$17,848$17,182$14,312
5 years$15,868$15,111$14,391$13,709$13,061$10,335
6 years$13,091$12,339$11,630$10,963$10,335$7,754
7 years$11,108$10,362$9,665$9,013$8,405$5,968
8 years$9,621$8,882$8,197$7,561$6,973$4,678
9 years$8,466$7,734$7,060$6,440$5,872$3,715
10 years$7,542$6,817$6,155$5,552$5,003$2,980
11 years$6,786$6,069$5,419$4,832$4,303$2,410
12 years$6,157$5,447$4,809$4,238$3,729$1,960
13 years$5,625$4,922$4,296$3,742$3,252$1,602
14 years$5,170$4,474$3,860$3,321$2,850$1,314
15 years$4,775$4,087$3,485$2,962$2,510$1,081
16 years$4,430$3,750$3,160$2,652$2,218$892
17 years$4,126$3,454$2,875$2,383$1,967$738
18 years$3,857$3,191$2,625$2,148$1,749$611
19 years$3,615$2,958$2,403$1,940$1,559$506
20 years$3,399$2,748$2,205$1,757$1,392$420
21 years$3,203$2,560$2,029$1,595$1,246$349
22 years$3,025$2,390$1,870$1,450$1,117$290
23 years$2,863$2,235$1,726$1,321$1,002$242
24 years$2,714$2,094$1,596$1,205$901$201
25 years$2,578$1,965$1,479$1,100$811$168
26 years$2,453$1,847$1,371$1,006$730$140
27 years$2,336$1,738$1,273$921$658$116
28 years$2,229$1,638$1,184$844$594$97
29 years$2,129$1,545$1,102$774$537$81
30 years$2,036$1,459$1,026$710$485$67
31 years$1,949$1,380$957$652$438$56
32 years$1,867$1,305$893$599$396$47
33 years$1,791$1,236$833$551$359$39
34 years$1,719$1,172$779$507$325$33
35 years$1,652$1,111$728$467$294$27
36 years$1,588$1,055$681$430$267$23
37 years$1,528$1,002$637$396$242$19
38 years$1,472$952$597$365$219$16
39 years$1,418$905$559$337$199$13
40 years$1,367$861$524$310$180$11
41 years$1,319$820$492$286$163$9
42 years$1,273$781$461$264$148$8
43 years$1,230$744$433$244$135$6
44 years$1,188$709$406$225$122$5
45 years$1,149$676$381$208$111$4
46 years$1,111$645$358$192$101$4
47 years$1,075$616$336$178$91$3
48 years$1,041$588$316$164$83$3
49 years$1,008$561$297$152$75$2
50 years$976$536$279$140$69$2

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 $6,381 every year, while hoping to spend $26,929 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: 53/22/25 Blend
54$1,000,000$1,000,000$1,000,000$1,000,000
55$1,108,582$1,055,582$1,040,082$1,159,335
56$1,193,005$1,078,653$1,046,273$1,218,147
57$1,285,137$1,101,952$1,051,768$1,278,820
58$1,385,735$1,125,462$1,056,516$1,344,296
59$1,495,634$1,149,164$1,060,464$1,415,044
60$1,615,752$1,173,036$1,063,552$1,491,580
61$1,747,100$1,197,057$1,065,723$1,574,474
62$1,890,792$1,221,200$1,066,912$1,664,355
63$2,048,054$1,245,440$1,067,055$1,761,915
64$2,220,234$1,269,745$1,066,080$1,867,919
65$2,408,821$1,294,085$1,063,916$1,983,207
66$2,615,450$1,318,425$1,060,487$2,108,709
67$2,841,924$1,342,726$1,055,712$2,245,449
68$3,090,229$1,366,949$1,049,507$2,394,554
69$3,362,552$1,391,049$1,041,785$2,557,269
70$3,661,302$1,414,979$1,032,454$2,734,967
71$3,989,130$1,438,689$1,021,417$2,929,161
72$4,348,960$1,462,123$1,008,573$3,141,518
73$4,744,010$1,485,223$993,816$3,373,877
74$5,177,825$1,507,926$977,035$3,628,267
75$5,654,313$1,530,164$958,116$3,906,924
76$6,177,776$1,551,864$936,935$4,212,312
77$6,752,953$1,572,950$913,367$4,547,150
78$7,385,067$1,593,338$887,278$4,914,434
79$8,079,872$1,612,939$858,529$5,317,468
80$8,843,704$1,631,659$826,975$5,759,894
81$9,683,548$1,649,396$792,465$6,245,729
82$10,607,096$1,666,042$754,839$6,779,400
83$11,622,825$1,681,483$713,930$7,365,788
84$12,740,072$1,695,595$669,566$8,010,274
85$13,969,128$1,708,248$621,565$8,718,792
86$15,321,329$1,719,302$569,738$9,497,881
87$16,809,166$1,728,609$513,886$10,354,752
88$18,446,402$1,736,012$453,802$11,297,353
89$20,248,201$1,741,342$389,270$12,334,447
90$22,231,272$1,744,423$320,065$13,475,693
91$24,414,025$1,745,063$245,951$14,731,740
92$26,816,747$1,743,063$166,682$16,114,327
93$29,461,790$1,738,207$82,000$17,636,392
94$32,373,784$1,730,271$0$19,312,201
95$35,579,869$1,719,013$0$21,159,709
96$39,109,949$1,704,178$0$23,217,504
97$42,996,976$1,685,495$0$25,482,871
98$47,277,261$1,662,678$0$27,976,953
99$51,990,816$1,635,423$0$30,723,047
100$57,181,727$1,603,407$0$33,746,828