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%12.3%
1 years$89,185$88,391$87,616$86,859$86,121$85,292
2 years$44,151$43,329$42,532$41,759$41,010$40,175
3 years$29,142$28,316$27,521$26,756$26,018$25,204
4 years$21,638$20,815$20,028$19,276$18,557$17,768
5 years$17,138$16,319$15,543$14,806$14,106$13,346
6 years$14,138$13,326$12,561$11,840$11,162$10,431
7 years$11,997$11,191$10,438$9,735$9,078$8,376
8 years$10,391$9,593$8,852$8,166$7,531$6,859
9 years$9,143$8,352$7,625$6,956$6,342$5,700
10 years$8,145$7,362$6,647$5,996$5,404$4,790
11 years$7,329$6,554$5,852$5,218$4,647$4,062
12 years$6,650$5,883$5,194$4,577$4,027$3,470
13 years$6,075$5,316$4,640$4,041$3,512$2,982
14 years$5,583$4,832$4,169$3,587$3,078$2,575
15 years$5,157$4,414$3,764$3,199$2,711$2,233
16 years$4,785$4,050$3,413$2,864$2,396$1,943
17 years$4,457$3,730$3,106$2,574$2,124$1,696
18 years$4,165$3,447$2,835$2,319$1,889$1,484
19 years$3,905$3,194$2,595$2,096$1,683$1,301
20 years$3,671$2,968$2,382$1,898$1,504$1,143
21 years$3,459$2,765$2,191$1,723$1,346$1,006
22 years$3,267$2,581$2,019$1,566$1,206$887
23 years$3,092$2,414$1,864$1,426$1,083$782
24 years$2,932$2,262$1,724$1,301$973$691
25 years$2,784$2,122$1,597$1,188$876$611
26 years$2,649$1,995$1,481$1,086$789$540
27 years$2,523$1,877$1,375$994$711$479
28 years$2,407$1,769$1,279$911$642$424
29 years$2,299$1,669$1,190$835$579$376
30 years$2,198$1,576$1,108$767$524$333
31 years$2,104$1,490$1,033$704$473$296
32 years$2,017$1,410$964$647$428$263
33 years$1,934$1,335$900$595$387$233
34 years$1,857$1,265$841$548$351$207
35 years$1,784$1,200$786$504$318$184
36 years$1,715$1,139$736$464$288$164
37 years$1,651$1,082$688$428$261$145
38 years$1,589$1,028$645$394$237$129
39 years$1,531$978$604$364$215$115
40 years$1,477$930$566$335$195$102
41 years$1,424$885$531$309$177$91
42 years$1,375$843$498$285$160$81
43 years$1,328$803$467$264$145$72
44 years$1,283$766$439$243$132$64
45 years$1,241$730$412$225$120$57
46 years$1,200$697$387$208$109$51
47 years$1,161$665$363$192$99$45
48 years$1,124$635$341$177$90$40
49 years$1,088$606$321$164$81$36
50 years$1,054$579$302$151$74$32

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 $5,166 every year, while hoping to spend $46,499 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: 79/15/6 Blend
54$1,080,000$1,080,000$1,080,000$1,080,000
55$1,195,489$1,138,249$1,121,509$1,288,938
56$1,267,954$1,144,548$1,109,605$1,357,206
57$1,346,252$1,149,598$1,095,743$1,425,447
58$1,430,929$1,153,288$1,079,810$1,498,902
59$1,522,586$1,155,500$1,061,685$1,578,069
60$1,621,880$1,156,111$1,041,242$1,663,495
61$1,729,538$1,154,987$1,018,351$1,755,783
62$1,846,358$1,151,988$992,872$1,855,595
63$1,973,216$1,146,965$964,663$1,963,665
64$2,111,077$1,139,759$933,572$2,080,796
65$2,261,003$1,130,203$899,443$2,207,878
66$2,424,161$1,118,119$862,110$2,345,889
67$2,601,836$1,103,317$821,401$2,495,907
68$2,795,442$1,085,598$777,136$2,659,121
69$3,006,534$1,064,750$729,128$2,836,839
70$3,236,825$1,040,547$677,178$3,030,507
71$3,488,201$1,012,753$621,083$3,241,713
72$3,762,735$981,116$560,627$3,472,213
73$4,062,712$945,368$495,586$3,723,939
74$4,390,646$905,229$425,725$3,999,022
75$4,749,305$860,399$350,801$4,299,809
76$5,141,739$810,563$270,557$4,628,888
77$5,571,303$755,387$184,727$4,989,115
78$6,041,693$694,518$93,033$5,383,632
79$6,556,980$627,584$0$5,815,908
80$7,121,646$554,189$0$6,290,073
81$7,740,627$473,918$0$6,816,406
82$8,419,360$386,329$0$7,393,610
83$9,163,833$290,958$0$8,026,825
84$9,980,643$187,313$0$8,721,714
85$10,877,052$74,875$0$9,484,523
86$11,861,065$0$0$10,322,130
87$12,941,495$0$0$11,249,860
88$14,128,054$0$0$12,282,327
89$15,431,436$0$0$13,416,482
90$16,863,427$0$0$14,662,583
91$18,437,008$0$0$16,031,932
92$20,166,479$0$0$17,536,978
93$22,067,597$0$0$19,191,437
94$24,157,719$0$0$21,010,420
95$26,455,969$0$0$23,010,575
96$28,983,417$0$0$25,210,244
97$31,763,276$0$0$27,629,636
98$34,821,122$0$0$30,291,017
99$38,185,135$0$0$33,218,918
100$41,886,364$0$0$36,440,368