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%18.7%
1 years$94,140$93,302$92,483$91,685$90,905$87,715
2 years$46,604$45,736$44,895$44,079$43,288$40,107
3 years$30,761$29,889$29,050$28,242$27,464$24,393
4 years$22,841$21,972$21,141$20,347$19,587$16,649
5 years$18,090$17,226$16,406$15,628$14,890$12,093
6 years$14,924$14,066$13,259$12,498$11,782$9,127
7 years$12,663$11,813$11,018$10,275$9,582$7,070
8 years$10,968$10,126$9,344$8,620$7,949$5,577
9 years$9,651$8,816$8,048$7,342$6,694$4,460
10 years$8,597$7,771$7,017$6,329$5,704$3,603
11 years$7,736$6,918$6,177$5,508$4,906$2,934
12 years$7,019$6,209$5,482$4,831$4,251$2,404
13 years$6,413$5,612$4,898$4,265$3,707$1,979
14 years$5,893$5,101$4,401$3,786$3,250$1,636
15 years$5,444$4,660$3,973$3,377$2,861$1,357
16 years$5,051$4,275$3,602$3,023$2,529$1,129
17 years$4,704$3,937$3,278$2,717$2,242$941
18 years$4,397$3,638$2,992$2,448$1,994$785
19 years$4,122$3,372$2,739$2,212$1,777$657
20 years$3,874$3,133$2,514$2,004$1,587$550
21 years$3,651$2,918$2,313$1,818$1,420$461
22 years$3,448$2,724$2,131$1,653$1,273$386
23 years$3,264$2,548$1,968$1,506$1,143$324
24 years$3,094$2,387$1,820$1,373$1,027$272
25 years$2,939$2,240$1,686$1,254$924$229
26 years$2,796$2,106$1,563$1,147$833$192
27 years$2,664$1,982$1,452$1,050$751$162
28 years$2,541$1,867$1,350$962$677$136
29 years$2,427$1,762$1,256$882$612$115
30 years$2,321$1,664$1,170$809$553$96
31 years$2,221$1,573$1,091$743$500$81
32 years$2,129$1,488$1,018$683$452$68
33 years$2,042$1,409$950$628$409$57
34 years$1,960$1,336$888$578$370$48
35 years$1,883$1,267$830$532$335$41
36 years$1,811$1,202$776$490$304$34
37 years$1,742$1,142$727$451$275$29
38 years$1,678$1,085$681$416$250$24
39 years$1,616$1,032$638$384$226$21
40 years$1,559$982$598$354$205$17
41 years$1,504$935$560$327$186$15
42 years$1,451$890$526$301$169$12
43 years$1,402$848$493$278$153$10
44 years$1,354$808$463$257$139$9
45 years$1,309$771$435$237$126$7
46 years$1,267$735$408$219$115$6
47 years$1,226$702$384$202$104$5
48 years$1,186$670$360$187$95$4
49 years$1,149$640$339$173$86$4
50 years$1,113$611$319$160$78$3

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 $4,198 every year, while hoping to spend $20,130 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: 82/11/7 Blend
54$1,140,000$1,140,000$1,140,000$1,140,000
55$1,260,610$1,200,190$1,182,520$1,362,782
56$1,367,774$1,237,581$1,200,717$1,467,603
57$1,485,194$1,276,130$1,218,848$1,579,530
58$1,613,896$1,315,872$1,236,890$1,701,784
59$1,755,006$1,356,843$1,254,820$1,835,388
60$1,909,770$1,399,081$1,272,609$1,981,467
61$2,079,556$1,442,625$1,290,230$2,141,261
62$2,265,872$1,487,515$1,307,654$2,316,136
63$2,470,379$1,533,792$1,324,850$2,507,595
64$2,694,908$1,581,498$1,341,782$2,717,295
65$2,941,474$1,630,677$1,358,418$2,947,060
66$3,212,299$1,681,374$1,374,719$3,198,898
67$3,509,827$1,733,635$1,390,646$3,475,023
68$3,836,754$1,787,508$1,406,157$3,777,873
69$4,196,049$1,843,042$1,421,209$4,110,133
70$4,590,982$1,900,288$1,435,756$4,474,761
71$5,025,157$1,959,297$1,449,749$4,875,015
72$5,502,544$2,020,123$1,463,136$5,314,486
73$6,027,516$2,082,821$1,475,863$5,797,128
74$6,604,892$2,147,449$1,487,874$6,327,299
75$7,239,981$2,214,064$1,499,108$6,909,798
76$7,938,633$2,282,727$1,509,502$7,549,914
77$8,707,293$2,353,500$1,518,990$8,253,474
78$9,553,062$2,426,447$1,527,501$9,026,896
79$10,483,765$2,501,633$1,534,963$9,877,254
80$11,508,023$2,579,127$1,541,298$10,812,340
81$12,635,335$2,658,998$1,546,425$11,840,741
82$13,876,168$2,741,317$1,550,259$12,971,918
83$15,242,054$2,826,159$1,552,710$14,216,293
84$16,745,703$2,913,600$1,553,685$15,585,352
85$18,401,115$3,003,718$1,553,085$17,091,751
86$20,223,722$3,096,592$1,550,805$18,749,435
87$22,230,523$3,192,307$1,546,739$20,573,768
88$24,440,254$3,290,948$1,540,772$22,581,680
89$26,873,557$3,392,601$1,532,785$24,791,829
90$29,553,179$3,497,358$1,522,653$27,224,769
91$32,504,187$3,605,312$1,510,245$29,903,154
92$35,754,199$3,716,558$1,495,424$32,851,942
93$39,333,652$3,831,194$1,478,046$36,098,638
94$43,276,084$3,949,322$1,457,959$39,673,549
95$47,618,452$4,071,045$1,435,008$43,610,071
96$52,401,479$4,196,472$1,409,026$47,945,006
97$57,670,043$4,325,712$1,379,841$52,718,906
98$63,473,594$4,458,878$1,347,273$57,976,456
99$69,866,625$4,596,088$1,311,131$63,766,900
100$76,909,185$4,737,461$1,271,218$70,144,498