Can I retire at age 55 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$93,314$92,483$91,672$90,881$90,108$88,615
2 years$46,195$45,335$44,501$43,693$42,908$41,409
3 years$30,491$29,627$28,795$27,994$27,223$25,763
4 years$22,640$21,779$20,955$20,168$19,416$18,007
5 years$17,931$17,075$16,262$15,491$14,759$13,406
6 years$14,793$13,943$13,142$12,388$11,679$10,382
7 years$12,552$11,709$10,921$10,185$9,498$8,258
8 years$10,872$10,037$9,262$8,544$7,879$6,697
9 years$9,566$8,739$7,978$7,278$6,636$5,509
10 years$8,522$7,703$6,955$6,273$5,654$4,583
11 years$7,668$6,858$6,123$5,460$4,862$3,845
12 years$6,957$6,155$5,434$4,789$4,214$3,249
13 years$6,356$5,562$4,855$4,228$3,674$2,762
14 years$5,842$5,056$4,362$3,753$3,221$2,358
15 years$5,396$4,619$3,938$3,347$2,836$2,021
16 years$5,006$4,238$3,571$2,997$2,506$1,738
17 years$4,663$3,903$3,249$2,693$2,222$1,499
18 years$4,358$3,606$2,966$2,427$1,976$1,296
19 years$4,085$3,342$2,715$2,193$1,761$1,122
20 years$3,841$3,106$2,492$1,986$1,573$974
21 years$3,619$2,893$2,292$1,802$1,408$846
22 years$3,418$2,700$2,113$1,639$1,262$736
23 years$3,235$2,526$1,951$1,492$1,133$641
24 years$3,067$2,366$1,804$1,361$1,018$559
25 years$2,913$2,221$1,671$1,243$916$487
26 years$2,771$2,087$1,550$1,137$825$425
27 years$2,640$1,964$1,439$1,040$744$372
28 years$2,519$1,851$1,338$953$671$325
29 years$2,405$1,746$1,245$874$606$284
30 years$2,300$1,649$1,160$802$548$248
31 years$2,202$1,559$1,081$737$495$217
32 years$2,110$1,475$1,009$677$448$190
33 years$2,024$1,397$942$623$405$167
34 years$1,943$1,324$880$573$367$146
35 years$1,866$1,256$823$527$332$128
36 years$1,795$1,192$770$486$301$112
37 years$1,727$1,132$720$448$273$98
38 years$1,663$1,076$675$413$248$86
39 years$1,602$1,023$632$380$224$75
40 years$1,545$973$592$351$204$66
41 years$1,490$926$555$324$185$58
42 years$1,439$882$521$299$168$51
43 years$1,389$841$489$276$152$44
44 years$1,343$801$459$255$138$39
45 years$1,298$764$431$235$125$34
46 years$1,255$729$405$217$114$30
47 years$1,215$696$380$201$103$26
48 years$1,176$664$357$185$94$23
49 years$1,139$634$336$171$85$20
50 years$1,103$606$316$158$77$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,130,000, adding $5,538 every year, while hoping to spend $54,911 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: 56/18/26 Blend
54$1,130,000$1,130,000$1,130,000$1,130,000
55$1,250,972$1,191,082$1,173,567$1,311,823
56$1,320,147$1,191,021$1,154,457$1,354,153
57$1,394,536$1,189,115$1,132,866$1,394,036
58$1,474,616$1,185,218$1,108,654$1,436,354
59$1,560,905$1,179,172$1,081,672$1,481,359
60$1,653,975$1,170,810$1,051,766$1,529,331
61$1,754,456$1,159,955$1,018,775$1,580,580
62$1,863,036$1,146,418$982,530$1,635,453
63$1,980,475$1,130,002$942,854$1,694,331
64$2,107,606$1,110,495$899,562$1,757,640
65$2,245,345$1,087,673$852,461$1,825,852
66$2,394,701$1,061,299$801,349$1,899,490
67$2,556,782$1,031,124$746,016$1,979,135
68$2,732,806$996,882$686,240$2,065,428
69$2,924,115$958,292$621,791$2,159,083
70$3,132,183$915,056$552,430$2,260,890
71$3,358,633$866,861$477,903$2,371,722
72$3,605,250$813,374$397,950$2,492,550
73$3,873,999$754,243$312,295$2,624,445
74$4,167,043$689,097$220,652$2,768,594
75$4,486,761$617,542$122,723$2,926,313
76$4,835,772$539,163$18,196$3,099,056
77$5,216,961$453,522$0$3,288,432
78$5,633,501$360,154$0$3,522,119
79$6,088,886$258,571$0$3,783,259
80$6,586,966$148,254$0$4,069,075
81$7,131,975$28,657$0$4,382,077
82$7,728,579$0$0$4,725,034
83$8,381,915$0$0$5,120,967
84$9,097,639$0$0$5,561,026
85$9,881,981$0$0$6,043,380
86$10,741,803$0$0$6,572,261
87$11,684,659$0$0$7,152,330
88$12,718,874$0$0$7,788,722
89$13,853,613$0$0$8,487,091
90$15,098,975$0$0$9,253,668
91$16,466,080$0$0$10,095,313
92$17,967,181$0$0$11,019,586
93$19,615,774$0$0$12,034,813
94$21,426,725$0$0$13,150,167
95$23,416,412$0$0$14,375,754
96$25,602,879$0$0$15,722,704
97$28,006,002$0$0$17,203,283
98$30,647,680$0$0$18,831,002
99$33,552,039$0$0$20,620,748
100$36,745,658$0$0$22,588,920