Can I retire at age 55 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$91,663$90,846$90,050$89,272$88,513$86,514
2 years$45,378$44,532$43,713$42,919$42,149$40,146
3 years$29,951$29,102$28,285$27,499$26,741$24,796
4 years$22,240$21,393$20,585$19,811$19,072$17,200
5 years$17,614$16,773$15,974$15,217$14,498$12,705
6 years$14,531$13,696$12,910$12,169$11,472$9,759
7 years$12,330$11,502$10,728$10,005$9,330$7,698
8 years$10,680$9,859$9,098$8,393$7,740$6,188
9 years$9,397$8,584$7,836$7,149$6,518$5,045
10 years$8,371$7,567$6,832$6,162$5,554$4,158
11 years$7,533$6,736$6,015$5,363$4,776$3,456
12 years$6,834$6,046$5,338$4,704$4,139$2,892
13 years$6,244$5,464$4,769$4,153$3,609$2,434
14 years$5,738$4,966$4,285$3,687$3,164$2,057
15 years$5,300$4,537$3,869$3,288$2,786$1,745
16 years$4,918$4,163$3,508$2,944$2,462$1,485
17 years$4,580$3,834$3,192$2,645$2,183$1,267
18 years$4,281$3,542$2,914$2,384$1,941$1,083
19 years$4,013$3,283$2,667$2,154$1,730$928
20 years$3,773$3,051$2,448$1,951$1,545$796
21 years$3,555$2,842$2,252$1,770$1,383$684
22 years$3,358$2,653$2,075$1,610$1,240$588
23 years$3,178$2,481$1,916$1,466$1,113$506
24 years$3,013$2,324$1,772$1,337$1,000$436
25 years$2,862$2,181$1,641$1,221$900$376
26 years$2,722$2,050$1,522$1,117$811$324
27 years$2,593$1,929$1,414$1,022$731$280
28 years$2,474$1,818$1,314$936$660$241
29 years$2,363$1,715$1,223$859$596$209
30 years$2,259$1,620$1,139$788$538$180
31 years$2,163$1,531$1,062$724$486$156
32 years$2,073$1,449$991$665$440$135
33 years$1,988$1,372$925$612$398$116
34 years$1,908$1,300$864$563$361$101
35 years$1,833$1,233$808$518$327$87
36 years$1,763$1,171$756$477$296$75
37 years$1,696$1,112$708$440$268$65
38 years$1,633$1,057$663$405$243$56
39 years$1,574$1,005$621$374$220$49
40 years$1,518$956$582$345$200$42
41 years$1,464$910$546$318$181$37
42 years$1,413$867$512$293$165$32
43 years$1,365$826$480$271$149$27
44 years$1,319$787$451$250$136$24
45 years$1,275$751$423$231$123$21
46 years$1,233$716$398$213$112$18
47 years$1,193$683$373$197$102$15
48 years$1,155$652$351$182$92$13
49 years$1,119$623$330$168$84$12
50 years$1,084$595$310$156$76$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,110,000, adding $2,103 every year, while hoping to spend $52,953 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: 59/23/18 Blend
54$1,110,000$1,110,000$1,110,000$1,110,000
55$1,225,389$1,166,559$1,149,354$1,291,826
56$1,294,037$1,167,379$1,131,516$1,337,872
57$1,367,913$1,166,464$1,111,305$1,382,061
58$1,447,493$1,163,674$1,088,587$1,429,045
59$1,533,302$1,158,859$1,063,220$1,479,102
60$1,625,916$1,151,860$1,035,054$1,532,540
61$1,725,967$1,142,508$1,003,936$1,589,702
62$1,834,150$1,130,627$969,703$1,650,966
63$1,951,231$1,116,025$932,186$1,716,753
64$2,078,049$1,098,502$891,206$1,787,528
65$2,215,528$1,077,847$846,580$1,863,804
66$2,364,684$1,053,833$798,112$1,946,154
67$2,526,633$1,026,222$745,600$2,035,207
68$2,702,605$994,763$688,833$2,131,663
69$2,893,951$959,186$627,589$2,236,295
70$3,102,158$919,211$561,638$2,349,959
71$3,328,863$874,536$490,737$2,473,602
72$3,575,865$824,847$414,635$2,608,272
73$3,845,147$769,808$333,069$2,755,126
74$4,138,888$709,065$245,763$2,915,447
75$4,459,490$642,244$152,431$3,090,651
76$4,809,593$568,950$52,773$3,282,306
77$5,192,107$488,764$0$3,492,144
78$5,610,234$401,245$0$3,732,370
79$6,067,498$305,926$0$4,006,295
80$6,567,781$202,315$0$4,306,178
81$7,115,357$89,891$0$4,634,671
82$7,714,932$0$0$4,994,701
83$8,371,689$0$0$5,397,570
84$9,091,335$0$0$5,864,035
85$9,880,155$0$0$6,375,431
86$10,745,072$0$0$6,936,256
87$11,693,711$0$0$7,551,468
88$12,734,470$0$0$8,226,525
89$13,876,597$0$0$8,967,438
90$15,130,283$0$0$9,780,832
91$16,506,750$0$0$10,674,001
92$18,018,362$0$0$11,654,983
93$19,678,738$0$0$12,732,630
94$21,502,882$0$0$13,916,696
95$23,507,320$0$0$15,217,924
96$25,710,263$0$0$16,648,152
97$28,131,769$0$0$18,220,421
98$30,793,939$0$0$19,949,096
99$33,721,122$0$0$21,850,008
100$36,940,143$0$0$23,940,595