Can I retire at age 55 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$90,011$89,209$88,427$87,664$86,918$83,437
2 years$44,560$43,730$42,926$42,146$41,390$37,926
3 years$29,412$28,578$27,776$27,003$26,259$22,922
4 years$21,839$21,008$20,214$19,454$18,728$15,543
5 years$17,296$16,470$15,687$14,943$14,237$11,212
6 years$14,269$13,449$12,677$11,950$11,265$8,403
7 years$12,108$11,295$10,535$9,825$9,162$6,460
8 years$10,487$9,682$8,934$8,242$7,600$5,057
9 years$9,228$8,430$7,695$7,020$6,401$4,012
10 years$8,220$7,430$6,709$6,051$5,454$3,214
11 years$7,397$6,615$5,906$5,267$4,690$2,595
12 years$6,711$5,937$5,242$4,619$4,065$2,108
13 years$6,131$5,365$4,683$4,078$3,544$1,720
14 years$5,635$4,877$4,208$3,620$3,107$1,409
15 years$5,205$4,455$3,799$3,229$2,736$1,158
16 years$4,829$4,088$3,444$2,891$2,418$954
17 years$4,498$3,765$3,134$2,597$2,144$788
18 years$4,204$3,479$2,861$2,341$1,906$651
19 years$3,941$3,224$2,619$2,115$1,699$539
20 years$3,705$2,996$2,404$1,916$1,518$447
21 years$3,491$2,790$2,211$1,739$1,358$371
22 years$3,297$2,605$2,038$1,581$1,217$308
23 years$3,121$2,436$1,882$1,440$1,093$256
24 years$2,959$2,283$1,740$1,313$982$213
25 years$2,810$2,142$1,612$1,199$884$177
26 years$2,673$2,013$1,495$1,096$796$147
27 years$2,547$1,895$1,388$1,004$718$122
28 years$2,429$1,785$1,290$919$648$102
29 years$2,320$1,684$1,201$843$585$85
30 years$2,219$1,591$1,119$774$528$71
31 years$2,124$1,504$1,043$711$478$59
32 years$2,035$1,423$973$653$432$49
33 years$1,952$1,347$908$601$391$41
34 years$1,874$1,277$849$553$354$34
35 years$1,800$1,211$794$509$321$28
36 years$1,731$1,150$742$469$291$24
37 years$1,666$1,092$695$432$263$20
38 years$1,604$1,038$651$398$239$16
39 years$1,546$987$610$367$217$14
40 years$1,490$939$571$338$196$11
41 years$1,438$894$536$312$178$9
42 years$1,388$851$503$288$162$8
43 years$1,340$811$472$266$147$7
44 years$1,295$773$443$246$133$5
45 years$1,252$737$416$227$121$5
46 years$1,211$703$390$210$110$4
47 years$1,172$671$367$194$100$3
48 years$1,134$641$345$179$91$3
49 years$1,098$612$324$165$82$2
50 years$1,064$584$305$153$75$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,090,000, adding $2,732 every year, while hoping to spend $57,513 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: 67/20/13 Blend
54$1,090,000$1,090,000$1,090,000$1,090,000
55$1,203,998$1,146,228$1,129,333$1,280,938
56$1,265,612$1,141,200$1,105,972$1,327,517
57$1,331,584$1,133,998$1,079,901$1,371,372
58$1,402,296$1,124,454$1,050,969$1,417,856
59$1,478,170$1,112,392$1,019,016$1,467,222
60$1,559,668$1,097,624$983,877$1,519,750
61$1,647,296$1,079,949$945,379$1,575,749
62$1,741,611$1,059,158$903,341$1,635,562
63$1,843,225$1,035,026$857,572$1,699,566
64$1,952,808$1,007,317$807,875$1,768,183
65$2,071,098$975,779$754,042$1,841,876
66$2,198,906$940,148$695,859$1,921,159
67$2,337,122$900,142$633,097$2,006,601
68$2,486,724$855,465$565,522$2,098,829
69$2,648,789$805,802$492,886$2,198,541
70$2,824,500$750,821$414,932$2,306,505
71$3,015,158$690,170$331,391$2,423,572
72$3,222,193$623,477$241,982$2,550,683
73$3,447,180$550,351$146,411$2,688,878
74$3,691,850$470,376$44,373$2,839,309
75$3,958,107$383,113$0$3,003,247
76$4,248,048$288,099$0$3,191,046
77$4,563,979$184,846$0$3,402,462
78$4,908,437$72,836$0$3,633,098
79$5,284,217$0$0$3,884,902
80$5,694,392$0$0$4,170,691
81$6,142,347$0$0$4,500,373
82$6,631,808$0$0$4,860,667
83$7,166,878$0$0$5,254,600
84$7,752,070$0$0$5,685,506
85$8,392,359$0$0$6,157,055
86$9,093,219$0$0$6,673,288
87$9,860,680$0$0$7,238,656
88$10,701,379$0$0$7,858,059
89$11,622,630$0$0$8,536,894
90$12,632,484$0$0$9,281,107
91$13,739,810$0$0$10,097,242
92$14,954,376$0$0$10,992,511
93$16,286,941$0$0$11,974,856
94$17,749,354$0$0$13,053,026
95$19,354,670$0$0$14,236,656
96$21,117,267$0$0$15,536,361
97$23,052,983$0$0$16,963,834
98$25,179,269$0$0$18,531,957
99$27,515,344$0$0$20,254,919
100$30,082,384$0$0$22,148,353