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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.6%
1 years$93,314$92,483$91,672$90,881$90,108$89,130
2 years$46,195$45,335$44,501$43,693$42,908$41,924
3 years$30,491$29,627$28,795$27,994$27,223$26,262
4 years$22,640$21,779$20,955$20,168$19,416$18,486
5 years$17,931$17,075$16,262$15,491$14,759$13,864
6 years$14,793$13,943$13,142$12,388$11,679$10,818
7 years$12,552$11,709$10,921$10,185$9,498$8,673
8 years$10,872$10,037$9,262$8,544$7,879$7,089
9 years$9,566$8,739$7,978$7,278$6,636$5,881
10 years$8,522$7,703$6,955$6,273$5,654$4,934
11 years$7,668$6,858$6,123$5,460$4,862$4,176
12 years$6,957$6,155$5,434$4,789$4,214$3,561
13 years$6,356$5,562$4,855$4,228$3,674$3,054
14 years$5,842$5,056$4,362$3,753$3,221$2,632
15 years$5,396$4,619$3,938$3,347$2,836$2,278
16 years$5,006$4,238$3,571$2,997$2,506$1,978
17 years$4,663$3,903$3,249$2,693$2,222$1,723
18 years$4,358$3,606$2,966$2,427$1,976$1,504
19 years$4,085$3,342$2,715$2,193$1,761$1,316
20 years$3,841$3,106$2,492$1,986$1,573$1,154
21 years$3,619$2,893$2,292$1,802$1,408$1,013
22 years$3,418$2,700$2,113$1,639$1,262$891
23 years$3,235$2,526$1,951$1,492$1,133$784
24 years$3,067$2,366$1,804$1,361$1,018$691
25 years$2,913$2,221$1,671$1,243$916$609
26 years$2,771$2,087$1,550$1,137$825$538
27 years$2,640$1,964$1,439$1,040$744$475
28 years$2,519$1,851$1,338$953$671$420
29 years$2,405$1,746$1,245$874$606$371
30 years$2,300$1,649$1,160$802$548$329
31 years$2,202$1,559$1,081$737$495$291
32 years$2,110$1,475$1,009$677$448$258
33 years$2,024$1,397$942$623$405$228
34 years$1,943$1,324$880$573$367$202
35 years$1,866$1,256$823$527$332$179
36 years$1,795$1,192$770$486$301$159
37 years$1,727$1,132$720$448$273$141
38 years$1,663$1,076$675$413$248$125
39 years$1,602$1,023$632$380$224$111
40 years$1,545$973$592$351$204$98
41 years$1,490$926$555$324$185$87
42 years$1,439$882$521$299$168$77
43 years$1,389$841$489$276$152$69
44 years$1,343$801$459$255$138$61
45 years$1,298$764$431$235$125$54
46 years$1,255$729$405$217$114$48
47 years$1,215$696$380$201$103$43
48 years$1,176$664$357$185$94$38
49 years$1,139$634$336$171$85$34
50 years$1,103$606$316$158$77$30

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 $2,370 every year, while hoping to spend $43,896 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$1,130,000$1,130,000$1,130,000$1,130,000
55$1,247,705$1,187,815$1,170,300$1,292,515
56$1,328,266$1,199,313$1,162,800$1,336,009
57$1,415,572$1,209,903$1,153,577$1,378,601
58$1,510,267$1,219,494$1,142,528$1,423,774
59$1,613,055$1,227,990$1,129,544$1,471,784
60$1,724,713$1,235,288$1,114,510$1,522,917
61$1,846,094$1,241,278$1,097,307$1,577,490
62$1,978,139$1,245,843$1,077,809$1,635,853
63$2,121,880$1,248,860$1,055,886$1,698,396
64$2,278,454$1,250,197$1,031,401$1,765,551
65$2,449,113$1,249,714$1,004,210$1,837,796
66$2,635,235$1,247,262$974,164$1,915,663
67$2,838,335$1,242,684$941,104$1,999,739
68$3,060,082$1,235,812$904,868$2,090,676
69$3,302,313$1,226,469$865,283$2,189,194
70$3,567,049$1,214,467$822,171$2,296,095
71$3,856,518$1,199,605$775,343$2,412,262
72$4,173,169$1,181,672$724,603$2,538,675
73$4,519,702$1,160,444$669,748$2,676,420
74$4,899,090$1,135,683$610,562$2,826,697
75$5,314,603$1,107,138$546,822$2,990,834
76$5,769,847$1,074,542$478,295$3,170,302
77$6,268,790$1,037,614$404,737$3,366,727
78$6,815,804$996,054$325,892$3,581,907
79$7,415,702$949,547$241,496$3,817,834
80$8,073,787$897,758$151,270$4,076,705
81$8,795,900$840,335$54,924$4,360,954
82$9,588,474$776,904$0$4,673,270
83$10,458,596$707,069$0$5,025,313
84$11,414,071$630,414$0$5,422,877
85$12,463,499$546,497$0$5,859,680
86$13,616,351$454,851$0$6,339,796
87$14,883,065$354,984$0$6,867,721
88$16,275,135$246,376$0$7,448,422
89$17,805,227$128,477$0$8,087,377
90$19,487,295$706$0$8,790,635
91$21,336,710$0$0$9,564,872
92$23,370,410$0$0$10,481,024
93$25,607,053$0$0$11,489,121
94$28,067,200$0$0$12,598,123
95$30,773,501$0$0$13,818,263
96$33,750,913$0$0$15,160,814
97$37,026,934$0$0$16,638,198
98$40,631,862$0$0$18,264,100
99$44,599,080$0$0$20,053,602
100$48,965,373$0$0$22,023,320