Can I retire at age 55 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$94,140$93,302$92,483$91,685$90,905$88,888
2 years$46,604$45,736$44,895$44,079$43,288$41,267
3 years$30,761$29,889$29,050$28,242$27,464$25,501
4 years$22,841$21,972$21,141$20,347$19,587$17,698
5 years$18,090$17,226$16,406$15,628$14,890$13,080
6 years$14,924$14,066$13,259$12,498$11,782$10,052
7 years$12,663$11,813$11,018$10,275$9,582$7,933
8 years$10,968$10,126$9,344$8,620$7,949$6,381
9 years$9,651$8,816$8,048$7,342$6,694$5,206
10 years$8,597$7,771$7,017$6,329$5,704$4,293
11 years$7,736$6,918$6,177$5,508$4,906$3,571
12 years$7,019$6,209$5,482$4,831$4,251$2,990
13 years$6,413$5,612$4,898$4,265$3,707$2,518
14 years$5,893$5,101$4,401$3,786$3,250$2,130
15 years$5,444$4,660$3,973$3,377$2,861$1,808
16 years$5,051$4,275$3,602$3,023$2,529$1,539
17 years$4,704$3,937$3,278$2,717$2,242$1,314
18 years$4,397$3,638$2,992$2,448$1,994$1,124
19 years$4,122$3,372$2,739$2,212$1,777$964
20 years$3,874$3,133$2,514$2,004$1,587$827
21 years$3,651$2,918$2,313$1,818$1,420$711
22 years$3,448$2,724$2,131$1,653$1,273$612
23 years$3,264$2,548$1,968$1,506$1,143$527
24 years$3,094$2,387$1,820$1,373$1,027$455
25 years$2,939$2,240$1,686$1,254$924$392
26 years$2,796$2,106$1,563$1,147$833$339
27 years$2,664$1,982$1,452$1,050$751$292
28 years$2,541$1,867$1,350$962$677$253
29 years$2,427$1,762$1,256$882$612$218
30 years$2,321$1,664$1,170$809$553$189
31 years$2,221$1,573$1,091$743$500$163
32 years$2,129$1,488$1,018$683$452$141
33 years$2,042$1,409$950$628$409$122
34 years$1,960$1,336$888$578$370$106
35 years$1,883$1,267$830$532$335$92
36 years$1,811$1,202$776$490$304$79
37 years$1,742$1,142$727$451$275$69
38 years$1,678$1,085$681$416$250$59
39 years$1,616$1,032$638$384$226$52
40 years$1,559$982$598$354$205$45
41 years$1,504$935$560$327$186$39
42 years$1,451$890$526$301$169$33
43 years$1,402$848$493$278$153$29
44 years$1,354$808$463$257$139$25
45 years$1,309$771$435$237$126$22
46 years$1,267$735$408$219$115$19
47 years$1,226$702$384$202$104$16
48 years$1,186$670$360$187$95$14
49 years$1,149$640$339$173$86$12
50 years$1,113$611$319$160$78$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,140,000, adding $6,772 every year, while hoping to spend $28,883 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: 67/13/20 Blend
54$1,140,000$1,140,000$1,140,000$1,140,000
55$1,263,265$1,202,845$1,185,175$1,341,158
56$1,361,387$1,231,053$1,194,147$1,422,377
57$1,468,549$1,259,676$1,202,452$1,507,198
58$1,585,643$1,288,702$1,210,036$1,599,261
59$1,713,651$1,318,121$1,216,845$1,699,277
60$1,853,653$1,347,918$1,222,819$1,808,031
61$2,006,840$1,378,080$1,227,897$1,926,387
62$2,174,521$1,408,589$1,232,015$2,055,296
63$2,358,140$1,439,428$1,235,105$2,195,808
64$2,559,284$1,470,574$1,237,096$2,349,078
65$2,779,705$1,502,006$1,237,912$2,516,380
66$3,021,330$1,533,699$1,237,477$2,699,117
67$3,286,280$1,565,625$1,235,706$2,898,835
68$3,576,893$1,597,753$1,232,515$3,117,239
69$3,895,744$1,630,051$1,227,813$3,356,207
70$4,245,669$1,662,483$1,221,504$3,617,807
71$4,629,793$1,695,010$1,213,489$3,904,322
72$5,051,555$1,727,589$1,203,665$4,218,263
73$5,514,747$1,760,174$1,191,921$4,562,402
74$6,023,545$1,792,716$1,178,144$4,939,791
75$6,582,548$1,825,161$1,162,213$5,353,795
76$7,196,825$1,857,450$1,144,004$5,808,122
77$7,871,958$1,889,522$1,123,385$6,306,858
78$8,614,097$1,921,309$1,100,218$6,854,506
79$9,430,020$1,952,738$1,074,360$7,456,032
80$10,327,191$1,983,731$1,045,661$8,116,904
81$11,313,836$2,014,205$1,013,962$8,843,153
82$12,399,017$2,044,071$979,099$9,641,423
83$13,592,718$2,073,232$940,900$10,519,038
84$14,905,940$2,101,585$899,185$11,484,069
85$16,350,804$2,129,021$853,766$12,545,411
86$17,940,665$2,155,421$804,446$13,712,868
87$19,690,236$2,180,661$751,018$14,997,245
88$21,615,732$2,204,605$693,270$16,410,450
89$23,735,018$2,227,111$630,975$17,965,609
90$26,067,776$2,248,026$563,899$19,677,184
91$28,635,697$2,267,187$491,797$21,561,119
92$31,462,680$2,284,421$414,414$23,634,982
93$34,575,058$2,299,543$331,482$25,918,136
94$38,001,849$2,312,356$242,722$28,431,922
95$41,775,028$2,322,651$147,843$31,199,859
96$45,929,825$2,330,205$46,541$34,247,868
97$50,505,065$2,334,783$0$37,604,515
98$55,543,527$2,336,133$0$41,314,422
99$61,092,351$2,333,988$0$45,410,602
100$67,203,482$2,328,064$0$49,921,426