Can I retire at age 55 with 1,050,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$86,708$85,936$85,182$84,447$83,728$81,971
2 years$42,925$42,125$41,351$40,599$39,871$38,108
3 years$28,332$27,529$26,757$26,012$25,296$23,583
4 years$21,037$20,237$19,472$18,740$18,041$16,392
5 years$16,662$15,866$15,111$14,394$13,715$12,134
6 years$13,745$12,956$12,212$11,511$10,852$9,340
7 years$11,663$10,880$10,148$9,464$8,825$7,384
8 years$10,102$9,326$8,606$7,939$7,322$5,950
9 years$8,889$8,120$7,413$6,762$6,166$4,863
10 years$7,919$7,158$6,463$5,829$5,254$4,018
11 years$7,125$6,372$5,690$5,073$4,518$3,348
12 years$6,465$5,719$5,049$4,450$3,915$2,809
13 years$5,906$5,168$4,511$3,929$3,414$2,370
14 years$5,428$4,698$4,053$3,487$2,993$2,009
15 years$5,014$4,292$3,660$3,110$2,635$1,709
16 years$4,652$3,938$3,318$2,785$2,329$1,458
17 years$4,333$3,626$3,019$2,502$2,065$1,248
18 years$4,049$3,351$2,756$2,255$1,836$1,070
19 years$3,796$3,106$2,523$2,037$1,637$919
20 years$3,569$2,886$2,316$1,845$1,462$791
21 years$3,363$2,688$2,130$1,675$1,308$681
22 years$3,176$2,509$1,963$1,523$1,173$588
23 years$3,006$2,347$1,813$1,387$1,053$507
24 years$2,850$2,199$1,676$1,265$946$438
25 years$2,707$2,063$1,553$1,155$851$379
26 years$2,575$1,939$1,440$1,056$767$328
27 years$2,453$1,825$1,337$967$691$284
28 years$2,340$1,720$1,243$886$624$246
29 years$2,235$1,622$1,157$812$563$213
30 years$2,137$1,532$1,077$745$509$185
31 years$2,046$1,448$1,004$685$460$160
32 years$1,961$1,371$937$629$416$139
33 years$1,880$1,298$875$579$377$121
34 years$1,805$1,230$818$532$341$105
35 years$1,734$1,167$764$490$309$91
36 years$1,668$1,107$715$451$280$79
37 years$1,605$1,052$669$416$254$68
38 years$1,545$1,000$627$383$230$59
39 years$1,489$951$587$353$209$52
40 years$1,436$904$550$326$189$45
41 years$1,385$861$516$301$172$39
42 years$1,337$820$484$278$156$34
43 years$1,291$781$454$256$141$29
44 years$1,248$745$426$237$128$25
45 years$1,206$710$400$218$116$22
46 years$1,167$677$376$202$106$19
47 years$1,129$646$353$186$96$17
48 years$1,093$617$332$172$87$15
49 years$1,058$589$312$159$79$13
50 years$1,025$563$293$147$72$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,050,000, adding $5,908 every year, while hoping to spend $39,051 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: 34/50/16 Blend
54$1,050,000$1,050,000$1,050,000$1,050,000
55$1,163,194$1,107,544$1,091,269$1,196,791
56$1,240,290$1,120,264$1,086,277$1,234,599
57$1,323,941$1,132,298$1,079,808$1,271,268
58$1,414,774$1,143,572$1,071,773$1,309,972
59$1,513,479$1,154,005$1,062,076$1,350,914
60$1,620,816$1,163,514$1,050,618$1,394,316
61$1,737,620$1,172,006$1,037,294$1,440,427
62$1,864,809$1,179,387$1,021,995$1,489,522
63$2,003,396$1,185,552$1,004,607$1,541,908
64$2,154,491$1,190,394$985,011$1,597,925
65$2,319,321$1,193,795$963,081$1,657,949
66$2,499,234$1,195,633$938,686$1,722,400
67$2,695,713$1,195,776$911,689$1,791,743
68$2,910,392$1,194,085$881,947$1,866,493
69$3,145,069$1,190,412$849,309$1,947,221
70$3,401,724$1,184,601$813,619$2,034,561
71$3,682,538$1,176,484$774,714$2,129,216
72$3,989,911$1,165,886$732,420$2,231,964
73$4,326,486$1,152,618$686,560$2,343,669
74$4,695,174$1,136,483$636,947$2,465,285
75$5,099,181$1,117,270$583,384$2,597,872
76$5,542,037$1,094,756$525,667$2,742,601
77$6,027,631$1,068,705$463,583$2,900,770
78$6,560,245$1,038,868$396,909$3,073,817
79$7,144,597$1,004,979$325,412$3,263,332
80$7,785,881$966,758$248,849$3,471,073
81$8,489,821$923,910$166,965$3,698,989
82$9,262,722$876,119$79,497$3,949,233
83$10,111,526$823,056$0$4,224,188
84$11,043,885$764,369$0$4,528,852
85$12,068,225$699,687$0$4,878,411
86$13,193,831$628,619$0$5,262,554
87$14,430,930$550,749$0$5,684,893
88$15,790,790$465,641$0$6,149,421
89$17,285,825$372,832$0$6,660,546
90$18,929,711$271,832$0$7,223,135
91$20,737,516$162,127$0$7,842,565
92$22,725,842$43,171$0$8,524,768
93$24,912,980$0$0$9,276,295
94$27,319,083$0$0$10,151,483
95$29,966,356$0$0$11,140,703
96$32,879,263$0$0$12,229,368
97$36,084,761$0$0$13,427,574
98$39,612,552$0$0$14,746,448
99$43,495,363$0$0$16,198,249
100$47,769,253$0$0$17,796,484