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%15.3%
1 years$90,011$89,209$88,427$87,664$86,918$85,024
2 years$44,560$43,730$42,926$42,146$41,390$39,491
3 years$29,412$28,578$27,776$27,003$26,259$24,415
4 years$21,839$21,008$20,214$19,454$18,728$16,953
5 years$17,296$16,470$15,687$14,943$14,237$12,536
6 years$14,269$13,449$12,677$11,950$11,265$9,640
7 years$12,108$11,295$10,535$9,825$9,162$7,612
8 years$10,487$9,682$8,934$8,242$7,600$6,126
9 years$9,228$8,430$7,695$7,020$6,401$5,001
10 years$8,220$7,430$6,709$6,051$5,454$4,127
11 years$7,397$6,615$5,906$5,267$4,690$3,435
12 years$6,711$5,937$5,242$4,619$4,065$2,878
13 years$6,131$5,365$4,683$4,078$3,544$2,425
14 years$5,635$4,877$4,208$3,620$3,107$2,052
15 years$5,205$4,455$3,799$3,229$2,736$1,743
16 years$4,829$4,088$3,444$2,891$2,418$1,486
17 years$4,498$3,765$3,134$2,597$2,144$1,269
18 years$4,204$3,479$2,861$2,341$1,906$1,087
19 years$3,941$3,224$2,619$2,115$1,699$932
20 years$3,705$2,996$2,404$1,916$1,518$801
21 years$3,491$2,790$2,211$1,739$1,358$689
22 years$3,297$2,605$2,038$1,581$1,217$593
23 years$3,121$2,436$1,882$1,440$1,093$512
24 years$2,959$2,283$1,740$1,313$982$441
25 years$2,810$2,142$1,612$1,199$884$381
26 years$2,673$2,013$1,495$1,096$796$329
27 years$2,547$1,895$1,388$1,004$718$285
28 years$2,429$1,785$1,290$919$648$246
29 years$2,320$1,684$1,201$843$585$213
30 years$2,219$1,591$1,119$774$528$184
31 years$2,124$1,504$1,043$711$478$160
32 years$2,035$1,423$973$653$432$138
33 years$1,952$1,347$908$601$391$120
34 years$1,874$1,277$849$553$354$104
35 years$1,800$1,211$794$509$321$90
36 years$1,731$1,150$742$469$291$78
37 years$1,666$1,092$695$432$263$67
38 years$1,604$1,038$651$398$239$58
39 years$1,546$987$610$367$217$51
40 years$1,490$939$571$338$196$44
41 years$1,438$894$536$312$178$38
42 years$1,388$851$503$288$162$33
43 years$1,340$811$472$266$147$29
44 years$1,295$773$443$246$133$25
45 years$1,252$737$416$227$121$22
46 years$1,211$703$390$210$110$19
47 years$1,172$671$367$194$100$16
48 years$1,134$641$345$179$91$14
49 years$1,098$612$324$165$82$12
50 years$1,064$584$305$153$75$11

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 $6,497 every year, while hoping to spend $56,517 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: 41/42/17 Blend
54$1,090,000$1,090,000$1,090,000$1,090,000
55$1,207,882$1,150,112$1,133,217$1,251,105
56$1,270,952$1,146,333$1,111,046$1,278,593
57$1,338,561$1,140,476$1,086,238$1,302,330
58$1,411,113$1,132,378$1,058,645$1,326,827
59$1,489,049$1,121,867$1,028,113$1,352,183
60$1,572,856$1,108,762$994,478$1,378,507
61$1,663,067$1,092,871$957,573$1,405,926
62$1,760,267$1,073,989$917,219$1,434,585
63$1,865,100$1,051,901$873,232$1,464,646
64$1,978,273$1,026,377$825,418$1,496,294
65$2,100,562$997,174$773,574$1,529,737
66$2,232,820$964,036$717,490$1,565,211
67$2,375,985$926,692$656,943$1,602,981
68$2,531,089$884,853$591,704$1,643,346
69$2,699,265$838,216$521,531$1,686,642
70$2,881,761$786,459$446,173$1,733,247
71$3,079,947$729,241$365,366$1,783,584
72$3,295,331$666,204$278,836$1,838,129
73$3,529,574$596,967$186,296$1,897,412
74$3,784,500$521,128$87,446$1,962,031
75$4,062,118$438,262$0$2,032,650
76$4,364,638$347,921$0$2,113,287
77$4,694,493$249,632$0$2,218,638
78$5,054,361$142,893$0$2,333,816
79$5,447,187$27,176$0$2,459,917
80$5,876,216$0$0$2,598,161
81$6,345,019$0$0$2,795,230
82$6,857,526$0$0$3,024,536
83$7,418,067$0$0$3,275,474
84$8,031,406$0$0$3,550,194
85$8,702,792$0$0$3,851,065
86$9,438,004$0$0$4,180,696
87$10,243,403$0$0$4,541,959
88$11,126,000$0$0$4,938,018
89$12,093,511$0$0$5,372,357
90$13,154,437$0$0$5,848,815
91$14,318,140$0$0$6,371,619
92$15,594,932$0$0$6,945,425
93$16,996,172$0$0$7,575,361
94$18,534,371$0$0$8,267,079
95$20,223,310$0$0$9,026,802
96$22,078,173$0$0$9,861,385
97$24,115,681$0$0$10,778,382
98$26,354,260$0$0$11,786,113
99$28,814,206$0$0$12,893,746
100$31,517,878$0$0$14,111,379