Can I retire at age 55 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$89,185$88,391$87,616$86,859$86,121$83,937
2 years$44,151$43,329$42,532$41,759$41,010$38,824
3 years$29,142$28,316$27,521$26,756$26,018$23,898
4 years$21,638$20,815$20,028$19,276$18,557$16,519
5 years$17,138$16,319$15,543$14,806$14,106$12,157
6 years$14,138$13,326$12,561$11,840$11,162$9,303
7 years$11,997$11,191$10,438$9,735$9,078$7,309
8 years$10,391$9,593$8,852$8,166$7,531$5,851
9 years$9,143$8,352$7,625$6,956$6,342$4,750
10 years$8,145$7,362$6,647$5,996$5,404$3,898
11 years$7,329$6,554$5,852$5,218$4,647$3,226
12 years$6,650$5,883$5,194$4,577$4,027$2,687
13 years$6,075$5,316$4,640$4,041$3,512$2,251
14 years$5,583$4,832$4,169$3,587$3,078$1,893
15 years$5,157$4,414$3,764$3,199$2,711$1,598
16 years$4,785$4,050$3,413$2,864$2,396$1,353
17 years$4,457$3,730$3,106$2,574$2,124$1,149
18 years$4,165$3,447$2,835$2,319$1,889$977
19 years$3,905$3,194$2,595$2,096$1,683$832
20 years$3,671$2,968$2,382$1,898$1,504$710
21 years$3,459$2,765$2,191$1,723$1,346$607
22 years$3,267$2,581$2,019$1,566$1,206$519
23 years$3,092$2,414$1,864$1,426$1,083$444
24 years$2,932$2,262$1,724$1,301$973$381
25 years$2,784$2,122$1,597$1,188$876$326
26 years$2,649$1,995$1,481$1,086$789$280
27 years$2,523$1,877$1,375$994$711$240
28 years$2,407$1,769$1,279$911$642$206
29 years$2,299$1,669$1,190$835$579$177
30 years$2,198$1,576$1,108$767$524$152
31 years$2,104$1,490$1,033$704$473$131
32 years$2,017$1,410$964$647$428$112
33 years$1,934$1,335$900$595$387$97
34 years$1,857$1,265$841$548$351$83
35 years$1,784$1,200$786$504$318$71
36 years$1,715$1,139$736$464$288$61
37 years$1,651$1,082$688$428$261$53
38 years$1,589$1,028$645$394$237$45
39 years$1,531$978$604$364$215$39
40 years$1,477$930$566$335$195$34
41 years$1,424$885$531$309$177$29
42 years$1,375$843$498$285$160$25
43 years$1,328$803$467$264$145$21
44 years$1,283$766$439$243$132$18
45 years$1,241$730$412$225$120$16
46 years$1,200$697$387$208$109$14
47 years$1,161$665$363$192$99$12
48 years$1,124$635$341$177$90$10
49 years$1,088$606$321$164$81$9
50 years$1,054$579$302$151$74$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,080,000, adding $6,036 every year, while hoping to spend $39,517 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: 63/9/28 Blend
54$1,080,000$1,080,000$1,080,000$1,080,000
55$1,196,386$1,139,146$1,122,406$1,262,466
56$1,276,372$1,152,919$1,117,961$1,321,778
57$1,363,191$1,166,041$1,112,042$1,381,683
58$1,457,501$1,178,441$1,104,559$1,446,270
59$1,560,020$1,190,039$1,095,417$1,516,004
60$1,671,543$1,200,752$1,084,514$1,591,400
61$1,792,942$1,210,490$1,071,747$1,673,024
62$1,925,177$1,219,159$1,057,005$1,761,503
63$2,069,304$1,226,657$1,040,174$1,857,527
64$2,226,487$1,232,877$1,021,134$1,961,859
65$2,398,005$1,237,705$999,758$2,075,339
66$2,585,268$1,241,018$975,916$2,198,898
67$2,789,825$1,242,688$949,469$2,333,559
68$3,013,383$1,242,576$920,273$2,480,453
69$3,257,824$1,240,537$888,177$2,640,828
70$3,525,215$1,236,417$853,024$2,816,060
71$3,817,835$1,230,049$814,649$3,007,668
72$4,138,194$1,221,261$772,879$3,217,327
73$4,489,053$1,209,867$727,534$3,446,888
74$4,873,457$1,195,671$678,427$3,698,388
75$5,294,755$1,178,464$625,360$3,974,078
76$5,756,638$1,158,027$568,127$4,276,439
77$6,263,170$1,134,125$506,515$4,608,211
78$6,818,828$1,106,512$440,298$4,972,412
79$7,428,543$1,074,926$369,242$5,372,373
80$8,097,747$1,039,089$293,103$5,811,768
81$8,832,420$998,708$211,626$6,294,650
82$9,639,155$953,473$124,543$6,825,488
83$10,525,210$903,054$31,577$7,409,209
84$11,498,584$847,105$0$8,051,251
85$12,568,084$785,259$0$8,777,813
86$13,743,419$717,126$0$9,586,680
87$15,035,279$642,297$0$10,475,792
88$16,455,445$560,337$0$11,453,287
89$18,016,894$470,788$0$12,528,129
90$19,733,926$373,165$0$13,710,200
91$21,622,293$266,957$0$15,010,388
92$23,699,352$151,623$0$16,440,689
93$25,984,227$26,593$0$18,014,327
94$28,497,985$0$0$19,745,871
95$31,263,844$0$0$21,662,146
96$34,307,380$0$0$23,773,795
97$37,656,778$0$0$26,097,747
98$41,343,091$0$0$28,655,563
99$45,400,535$0$0$31,470,994
100$49,866,813$0$0$34,570,216