Can I retire at age 55 with 1,100,000?

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 $1,100,000?

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$90,837$90,028$89,238$88,468$87,716$85,804
2 years$44,969$44,131$43,320$42,533$41,769$39,853
3 years$29,681$28,840$28,031$27,251$26,500$24,639
4 years$22,039$21,201$20,399$19,633$18,900$17,109
5 years$17,455$16,622$15,831$15,080$14,368$12,651
6 years$14,400$13,573$12,793$12,060$11,369$9,728
7 years$12,219$11,398$10,631$9,915$9,246$7,682
8 years$10,583$9,771$9,016$8,317$7,670$6,182
9 years$9,312$8,507$7,766$7,084$6,459$5,047
10 years$8,296$7,499$6,770$6,107$5,504$4,165
11 years$7,465$6,675$5,960$5,315$4,733$3,466
12 years$6,773$5,992$5,290$4,662$4,102$2,904
13 years$6,188$5,415$4,726$4,116$3,577$2,447
14 years$5,687$4,922$4,246$3,653$3,135$2,071
15 years$5,253$4,496$3,834$3,258$2,761$1,759
16 years$4,873$4,125$3,476$2,917$2,440$1,499
17 years$4,539$3,799$3,163$2,621$2,163$1,281
18 years$4,242$3,510$2,887$2,362$1,924$1,097
19 years$3,977$3,253$2,643$2,135$1,715$941
20 years$3,739$3,023$2,426$1,933$1,531$808
21 years$3,523$2,816$2,231$1,755$1,371$695
22 years$3,327$2,629$2,057$1,595$1,228$599
23 years$3,149$2,459$1,899$1,453$1,103$516
24 years$2,986$2,304$1,756$1,325$991$445
25 years$2,836$2,162$1,627$1,210$892$385
26 years$2,698$2,032$1,509$1,106$803$332
27 years$2,570$1,912$1,401$1,013$724$287
28 years$2,452$1,802$1,302$928$654$248
29 years$2,342$1,700$1,212$851$590$215
30 years$2,239$1,605$1,129$781$533$186
31 years$2,143$1,517$1,052$717$482$161
32 years$2,054$1,436$982$659$436$139
33 years$1,970$1,360$917$606$395$121
34 years$1,891$1,289$857$558$357$105
35 years$1,817$1,222$801$513$324$91
36 years$1,747$1,160$749$473$293$79
37 years$1,681$1,102$701$436$266$68
38 years$1,619$1,047$657$402$241$59
39 years$1,560$996$615$370$218$51
40 years$1,504$947$577$342$198$44
41 years$1,451$902$541$315$180$38
42 years$1,400$859$507$291$163$33
43 years$1,353$818$476$268$148$29
44 years$1,307$780$447$248$134$25
45 years$1,264$744$419$229$122$22
46 years$1,222$710$394$211$111$19
47 years$1,183$677$370$195$101$16
48 years$1,145$646$348$180$91$14
49 years$1,109$617$327$167$83$12
50 years$1,074$590$307$154$75$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,100,000, adding $2,811 every year, while hoping to spend $33,345 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: 47/31/22 Blend
54$1,100,000$1,100,000$1,100,000$1,100,000
55$1,215,100$1,156,800$1,139,750$1,264,469
56$1,303,561$1,178,004$1,142,452$1,320,502
57$1,399,928$1,199,130$1,144,128$1,377,744
58$1,504,971$1,220,138$1,144,707$1,439,195
59$1,619,540$1,240,986$1,144,117$1,505,264
60$1,744,568$1,261,630$1,142,280$1,576,403
61$1,881,084$1,282,020$1,139,116$1,653,110
62$2,030,219$1,302,103$1,134,541$1,735,936
63$2,193,221$1,321,825$1,128,467$1,825,488
64$2,371,459$1,341,125$1,120,801$1,922,436
65$2,566,446$1,359,938$1,111,446$2,027,519
66$2,779,844$1,378,195$1,100,300$2,141,554
67$3,013,485$1,395,824$1,087,256$2,265,440
68$3,269,385$1,412,743$1,072,204$2,400,171
69$3,549,765$1,428,871$1,055,026$2,546,844
70$3,857,072$1,444,116$1,035,600$2,706,669
71$4,193,998$1,458,383$1,013,798$2,880,981
72$4,563,512$1,471,570$989,486$3,071,253
73$4,968,880$1,483,567$962,523$3,279,110
74$5,413,702$1,494,258$932,765$3,506,345
75$5,901,944$1,503,520$900,056$3,754,937
76$6,437,971$1,511,222$864,236$4,027,069
77$7,026,595$1,517,222$825,139$4,325,149
78$7,673,114$1,521,373$782,589$4,651,834
79$8,383,368$1,523,517$736,401$5,010,054
80$9,163,787$1,523,485$686,386$5,403,043
81$10,021,457$1,521,098$632,343$5,834,366
82$10,964,181$1,516,168$574,063$6,307,958
83$12,000,561$1,508,494$511,327$6,828,157
84$13,140,069$1,497,861$443,908$7,399,749
85$14,393,144$1,484,044$371,566$8,028,013
86$15,771,286$1,466,803$294,055$8,718,771
87$17,287,164$1,445,883$211,112$9,478,443
88$18,954,738$1,421,016$122,469$10,314,111
89$20,789,391$1,391,914$27,840$11,233,584
90$22,808,067$1,358,277$0$12,245,475
91$25,029,441$1,319,783$0$13,376,450
92$27,474,086$1,276,095$0$14,627,903
93$30,164,671$1,226,852$0$16,004,916
94$33,126,176$1,171,675$0$17,520,303
95$36,386,122$1,110,164$0$19,188,186
96$39,974,836$1,041,891$0$21,024,136
97$43,925,735$966,410$0$23,045,313
98$48,275,640$883,244$0$25,270,633
99$53,065,124$791,892$0$27,720,946
100$58,338,894$691,822$0$30,419,236