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

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$94,966$94,120$93,295$92,489$91,703$89,558
2 years$47,013$46,137$45,289$44,466$43,668$41,520
3 years$31,031$30,151$29,305$28,490$27,705$25,620
4 years$23,041$22,164$21,326$20,525$19,759$17,754
5 years$18,248$17,377$16,550$15,765$15,021$13,100
6 years$15,055$14,190$13,375$12,608$11,885$10,052
7 years$12,774$11,916$11,115$10,365$9,666$7,919
8 years$11,064$10,215$9,426$8,695$8,019$6,359
9 years$9,735$8,894$8,119$7,407$6,753$5,178
10 years$8,673$7,839$7,078$6,384$5,754$4,263
11 years$7,804$6,979$6,231$5,556$4,949$3,539
12 years$7,081$6,264$5,530$4,874$4,288$2,957
13 years$6,469$5,661$4,941$4,303$3,739$2,485
14 years$5,945$5,145$4,439$3,820$3,278$2,098
15 years$5,491$4,700$4,008$3,406$2,886$1,777
16 years$5,095$4,313$3,634$3,050$2,551$1,510
17 years$4,745$3,972$3,307$2,740$2,262$1,286
18 years$4,435$3,670$3,019$2,470$2,011$1,098
19 years$4,158$3,401$2,763$2,232$1,792$939
20 years$3,908$3,161$2,536$2,021$1,601$804
21 years$3,683$2,944$2,333$1,834$1,433$690
22 years$3,479$2,748$2,150$1,668$1,284$592
23 years$3,292$2,570$1,985$1,519$1,153$509
24 years$3,122$2,408$1,836$1,385$1,036$438
25 years$2,965$2,260$1,700$1,265$932$377
26 years$2,820$2,124$1,577$1,157$840$325
27 years$2,687$1,999$1,464$1,059$757$280
28 years$2,563$1,884$1,361$970$683$241
29 years$2,448$1,777$1,267$890$617$208
30 years$2,341$1,678$1,180$816$557$179
31 years$2,241$1,586$1,100$750$504$155
32 years$2,147$1,501$1,026$689$456$133
33 years$2,059$1,422$958$634$413$115
34 years$1,977$1,347$895$583$374$99
35 years$1,900$1,278$837$537$338$86
36 years$1,826$1,213$783$494$307$74
37 years$1,758$1,152$733$455$278$64
38 years$1,692$1,095$686$420$252$55
39 years$1,631$1,041$643$387$228$48
40 years$1,572$990$603$357$207$41
41 years$1,517$943$565$329$188$36
42 years$1,464$898$530$304$171$31
43 years$1,414$856$498$281$155$27
44 years$1,366$816$467$259$141$23
45 years$1,321$778$439$239$128$20
46 years$1,278$742$412$221$116$17
47 years$1,236$708$387$204$105$15
48 years$1,197$676$364$189$96$13
49 years$1,159$645$342$174$87$11
50 years$1,123$617$321$161$79$10

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 $5,102 every year, while hoping to spend $51,034 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: 85/5/10 Blend
54$1,150,000$1,150,000$1,150,000$1,150,000
55$1,272,563$1,211,613$1,193,788$1,378,450
56$1,348,064$1,216,682$1,179,480$1,453,469
57$1,429,557$1,220,289$1,162,982$1,528,445
58$1,517,597$1,222,309$1,144,168$1,609,237
59$1,612,797$1,222,607$1,122,903$1,696,398
60$1,715,831$1,221,044$1,099,048$1,790,535
61$1,827,438$1,217,467$1,072,458$1,892,321
62$1,948,431$1,211,717$1,042,980$2,002,492
63$2,079,705$1,203,626$1,010,455$2,121,861
64$2,222,244$1,193,012$974,714$2,251,324
65$2,377,130$1,179,687$935,584$2,391,865
66$2,545,554$1,163,448$892,882$2,544,571
67$2,728,824$1,144,080$846,417$2,710,638
68$2,928,381$1,121,358$795,990$2,891,383
69$3,145,812$1,095,040$741,391$3,088,257
70$3,382,861$1,064,874$682,404$3,302,859
71$3,641,449$1,030,588$618,800$3,536,951
72$3,923,689$991,899$550,342$3,792,472
73$4,231,908$948,505$476,781$4,071,562
74$4,568,667$900,086$397,858$4,376,577
75$4,936,787$846,306$313,302$4,710,111
76$5,339,371$786,807$222,830$5,075,026
77$5,779,839$721,213$126,147$5,474,474
78$6,261,954$649,123$22,944$5,911,927
79$6,789,860$570,117$0$6,391,213
80$7,368,122$483,750$0$6,925,853
81$8,001,767$389,549$0$7,514,407
82$8,696,329$287,019$0$8,159,586
83$9,457,905$175,634$0$8,867,071
84$10,293,211$54,839$0$9,643,123
85$11,209,642$0$0$10,494,639
86$12,215,344$0$0$11,433,397
87$13,319,290$0$0$12,467,190
88$14,531,366$0$0$13,602,258
89$15,862,459$0$0$14,848,800
90$17,324,564$0$0$16,218,053
91$18,930,893$0$0$17,722,391
92$20,696,004$0$0$19,375,449
93$22,635,932$0$0$21,192,249
94$24,768,344$0$0$23,189,338
95$27,112,704$0$0$25,384,948
96$29,690,455$0$0$27,799,165
97$32,525,223$0$0$30,454,118
98$35,643,037$0$0$33,374,188
99$39,072,576$0$0$36,586,239
100$42,845,437$0$0$40,119,867