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%14.8%
1 years$94,140$93,302$92,483$91,685$90,905$89,106
2 years$46,604$45,736$44,895$44,079$43,288$41,483
3 years$30,761$29,889$29,050$28,242$27,464$25,709
4 years$22,841$21,972$21,141$20,347$19,587$17,897
5 years$18,090$17,226$16,406$15,628$14,890$13,268
6 years$14,924$14,066$13,259$12,498$11,782$10,231
7 years$12,663$11,813$11,018$10,275$9,582$8,102
8 years$10,968$10,126$9,344$8,620$7,949$6,539
9 years$9,651$8,816$8,048$7,342$6,694$5,354
10 years$8,597$7,771$7,017$6,329$5,704$4,432
11 years$7,736$6,918$6,177$5,508$4,906$3,700
12 years$7,019$6,209$5,482$4,831$4,251$3,111
13 years$6,413$5,612$4,898$4,265$3,707$2,630
14 years$5,893$5,101$4,401$3,786$3,250$2,233
15 years$5,444$4,660$3,973$3,377$2,861$1,904
16 years$5,051$4,275$3,602$3,023$2,529$1,628
17 years$4,704$3,937$3,278$2,717$2,242$1,396
18 years$4,397$3,638$2,992$2,448$1,994$1,200
19 years$4,122$3,372$2,739$2,212$1,777$1,033
20 years$3,874$3,133$2,514$2,004$1,587$891
21 years$3,651$2,918$2,313$1,818$1,420$769
22 years$3,448$2,724$2,131$1,653$1,273$665
23 years$3,264$2,548$1,968$1,506$1,143$576
24 years$3,094$2,387$1,820$1,373$1,027$499
25 years$2,939$2,240$1,686$1,254$924$432
26 years$2,796$2,106$1,563$1,147$833$375
27 years$2,664$1,982$1,452$1,050$751$325
28 years$2,541$1,867$1,350$962$677$282
29 years$2,427$1,762$1,256$882$612$245
30 years$2,321$1,664$1,170$809$553$213
31 years$2,221$1,573$1,091$743$500$185
32 years$2,129$1,488$1,018$683$452$161
33 years$2,042$1,409$950$628$409$140
34 years$1,960$1,336$888$578$370$122
35 years$1,883$1,267$830$532$335$106
36 years$1,811$1,202$776$490$304$92
37 years$1,742$1,142$727$451$275$80
38 years$1,678$1,085$681$416$250$70
39 years$1,616$1,032$638$384$226$61
40 years$1,559$982$598$354$205$53
41 years$1,504$935$560$327$186$46
42 years$1,451$890$526$301$169$40
43 years$1,402$848$493$278$153$35
44 years$1,354$808$463$257$139$30
45 years$1,309$771$435$237$126$27
46 years$1,267$735$408$219$115$23
47 years$1,226$702$384$202$104$20
48 years$1,186$670$360$187$95$18
49 years$1,149$640$339$173$86$15
50 years$1,113$611$319$160$78$13

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 $6,876 every year, while hoping to spend $36,256 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: 32/44/24 Blend
54$1,140,000$1,140,000$1,140,000$1,140,000
55$1,263,373$1,202,953$1,185,283$1,294,307
56$1,353,660$1,223,321$1,186,413$1,338,670
57$1,451,943$1,243,473$1,186,367$1,382,693
58$1,558,996$1,263,358$1,185,066$1,429,378
59$1,675,676$1,282,925$1,182,428$1,478,982
60$1,802,924$1,302,117$1,178,368$1,531,789
61$1,941,775$1,320,874$1,172,796$1,588,114
62$2,093,370$1,339,131$1,165,619$1,648,308
63$2,258,965$1,356,819$1,156,738$1,712,755
64$2,439,940$1,373,864$1,146,049$1,781,884
65$2,637,817$1,390,187$1,133,445$1,856,168
66$2,854,271$1,405,703$1,118,813$1,936,131
67$3,091,147$1,420,322$1,102,033$2,022,351
68$3,350,475$1,433,949$1,082,982$2,115,471
69$3,634,491$1,446,480$1,061,530$2,216,199
70$3,945,658$1,457,807$1,037,540$2,325,320
71$4,286,689$1,467,813$1,010,871$2,443,701
72$4,660,570$1,476,374$981,374$2,572,302
73$5,070,590$1,483,359$948,892$2,712,183
74$5,520,374$1,488,627$913,264$2,864,517
75$6,013,912$1,492,030$874,318$3,030,601
76$6,555,601$1,493,409$831,878$3,211,868
77$7,150,283$1,492,596$785,756$3,409,902
78$7,803,291$1,489,413$735,758$3,626,453
79$8,520,502$1,483,669$681,681$3,863,456
80$9,308,389$1,475,165$623,313$4,123,048
81$10,174,082$1,463,685$560,431$4,407,590
82$11,125,437$1,449,005$492,805$4,719,690
83$12,171,109$1,430,884$420,191$5,062,230
84$13,320,633$1,409,067$342,338$5,438,392
85$14,584,511$1,383,286$258,981$5,851,691
86$15,974,319$1,353,254$169,844$6,306,008
87$17,502,806$1,318,669$74,640$6,805,628
88$19,184,020$1,279,212$0$7,355,283
89$21,033,440$1,234,543$0$7,967,102
90$23,068,119$1,184,304$0$8,660,795
91$25,306,847$1,128,115$0$9,423,677
92$27,770,328$1,065,575$0$10,262,865
93$30,481,372$996,259$0$11,186,204
94$33,465,115$919,719$0$12,202,352
95$36,749,251$835,479$0$13,320,855
96$40,364,295$743,039$0$14,552,240
97$44,343,873$641,867$0$15,908,121
98$48,725,033$531,404$0$17,401,303
99$53,548,602$411,059$0$19,045,909
100$58,859,564$280,205$0$20,857,513