Can I retire at age 55 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$94,966$94,120$93,295$92,489$91,703$88,661
2 years$47,013$46,137$45,289$44,466$43,668$40,633
3 years$31,031$30,151$29,305$28,490$27,705$24,772
4 years$23,041$22,164$21,326$20,525$19,759$16,951
5 years$18,248$17,377$16,550$15,765$15,021$12,344
6 years$15,055$14,190$13,375$12,608$11,885$9,343
7 years$12,774$11,916$11,115$10,365$9,666$7,257
8 years$11,064$10,215$9,426$8,695$8,019$5,742
9 years$9,735$8,894$8,119$7,407$6,753$4,606
10 years$8,673$7,839$7,078$6,384$5,754$3,732
11 years$7,804$6,979$6,231$5,556$4,949$3,049
12 years$7,081$6,264$5,530$4,874$4,288$2,507
13 years$6,469$5,661$4,941$4,303$3,739$2,071
14 years$5,945$5,145$4,439$3,820$3,278$1,718
15 years$5,491$4,700$4,008$3,406$2,886$1,430
16 years$5,095$4,313$3,634$3,050$2,551$1,194
17 years$4,745$3,972$3,307$2,740$2,262$999
18 years$4,435$3,670$3,019$2,470$2,011$837
19 years$4,158$3,401$2,763$2,232$1,792$702
20 years$3,908$3,161$2,536$2,021$1,601$590
21 years$3,683$2,944$2,333$1,834$1,433$497
22 years$3,479$2,748$2,150$1,668$1,284$418
23 years$3,292$2,570$1,985$1,519$1,153$352
24 years$3,122$2,408$1,836$1,385$1,036$297
25 years$2,965$2,260$1,700$1,265$932$251
26 years$2,820$2,124$1,577$1,157$840$212
27 years$2,687$1,999$1,464$1,059$757$179
28 years$2,563$1,884$1,361$970$683$151
29 years$2,448$1,777$1,267$890$617$127
30 years$2,341$1,678$1,180$816$557$108
31 years$2,241$1,586$1,100$750$504$91
32 years$2,147$1,501$1,026$689$456$77
33 years$2,059$1,422$958$634$413$65
34 years$1,977$1,347$895$583$374$55
35 years$1,900$1,278$837$537$338$46
36 years$1,826$1,213$783$494$307$39
37 years$1,758$1,152$733$455$278$33
38 years$1,692$1,095$686$420$252$28
39 years$1,631$1,041$643$387$228$24
40 years$1,572$990$603$357$207$20
41 years$1,517$943$565$329$188$17
42 years$1,464$898$530$304$171$14
43 years$1,414$856$498$281$155$12
44 years$1,366$816$467$259$141$10
45 years$1,321$778$439$239$128$9
46 years$1,278$742$412$221$116$7
47 years$1,236$708$387$204$105$6
48 years$1,197$676$364$189$96$5
49 years$1,159$645$342$174$87$4
50 years$1,123$617$321$161$79$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,150,000, adding $5,417 every year, while hoping to spend $37,430 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: 65/11/24 Blend
54$1,150,000$1,150,000$1,150,000$1,150,000
55$1,272,888$1,211,938$1,194,113$1,347,357
56$1,362,897$1,231,497$1,194,290$1,417,753
57$1,460,833$1,250,761$1,193,219$1,489,961
58$1,567,464$1,269,675$1,190,818$1,568,031
59$1,683,637$1,288,180$1,187,002$1,652,541
60$1,810,282$1,306,216$1,181,681$1,744,128
61$1,948,426$1,323,715$1,174,762$1,843,497
62$2,099,195$1,340,606$1,166,146$1,951,421
63$2,263,831$1,356,814$1,155,731$2,068,758
64$2,443,702$1,372,258$1,143,408$2,196,449
65$2,640,311$1,386,851$1,129,064$2,335,534
66$2,855,317$1,400,500$1,112,581$2,487,161
67$3,090,542$1,413,108$1,093,836$2,652,595
68$3,347,996$1,424,568$1,072,697$2,833,229
69$3,629,889$1,434,771$1,049,031$3,030,602
70$3,938,659$1,443,595$1,022,695$3,246,409
71$4,276,987$1,450,916$993,539$3,482,520
72$4,647,826$1,456,597$961,409$3,740,998
73$5,054,430$1,460,497$926,143$4,024,115
74$5,500,383$1,462,462$887,569$4,334,380
75$5,989,630$1,462,331$845,511$4,674,555
76$6,526,520$1,459,932$799,783$5,047,690
77$7,115,839$1,455,083$750,190$5,457,145
78$7,762,863$1,447,590$696,529$5,906,625
79$8,473,401$1,437,248$638,589$6,400,217
80$9,253,854$1,423,840$576,148$6,942,424
81$10,111,272$1,407,133$508,974$7,538,214
82$11,053,423$1,386,884$436,826$8,193,062
83$12,088,864$1,362,833$359,452$8,913,005
84$13,227,022$1,334,705$276,587$9,704,699
85$14,478,281$1,302,209$187,956$10,575,481
86$15,854,086$1,265,038$93,273$11,533,441
87$17,367,042$1,222,863$0$12,587,498
88$19,031,039$1,175,342$0$13,749,472
89$20,861,378$1,122,107$0$15,053,832
90$22,874,921$1,062,773$0$16,488,699
91$25,090,245$996,931$0$18,067,331
92$27,527,817$924,148$0$19,804,341
93$30,210,190$843,967$0$21,715,828
94$33,162,213$755,905$0$23,819,535
95$36,411,266$659,451$0$26,135,016
96$39,987,517$554,066$0$28,683,816
97$43,924,209$439,180$0$31,489,682
98$48,257,968$314,190$0$34,578,778
99$53,029,157$178,461$0$37,979,942
100$58,282,245$31,320$0$41,724,949