Can I retire at age 55 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$96,618$95,757$94,917$94,098$93,297$90,239
2 years$47,830$46,940$46,076$45,239$44,427$41,375
3 years$31,570$30,676$29,814$28,985$28,187$25,236
4 years$23,442$22,550$21,697$20,882$20,103$17,277
5 years$18,566$17,679$16,838$16,040$15,282$12,589
6 years$15,316$14,436$13,608$12,827$12,092$9,533
7 years$12,996$12,124$11,308$10,546$9,834$7,409
8 years$11,257$10,392$9,590$8,847$8,158$5,866
9 years$9,905$9,048$8,260$7,535$6,870$4,708
10 years$8,824$7,976$7,201$6,496$5,854$3,818
11 years$7,940$7,100$6,340$5,653$5,035$3,121
12 years$7,204$6,373$5,626$4,958$4,363$2,567
13 years$6,581$5,759$5,027$4,378$3,805$2,123
14 years$6,048$5,235$4,517$3,886$3,335$1,762
15 years$5,587$4,782$4,078$3,466$2,936$1,468
16 years$5,184$4,388$3,697$3,103$2,595$1,226
17 years$4,828$4,041$3,364$2,788$2,301$1,026
18 years$4,512$3,734$3,071$2,513$2,046$861
19 years$4,230$3,461$2,812$2,270$1,824$723
20 years$3,976$3,216$2,580$2,056$1,629$608
21 years$3,747$2,995$2,373$1,866$1,458$512
22 years$3,539$2,796$2,187$1,697$1,307$431
23 years$3,350$2,615$2,020$1,545$1,173$364
24 years$3,176$2,450$1,868$1,409$1,054$307
25 years$3,016$2,299$1,730$1,287$949$259
26 years$2,869$2,161$1,605$1,177$855$219
27 years$2,734$2,034$1,490$1,077$770$185
28 years$2,608$1,916$1,385$987$695$156
29 years$2,491$1,808$1,289$905$628$132
30 years$2,382$1,707$1,201$831$567$112
31 years$2,280$1,614$1,119$763$513$95
32 years$2,185$1,527$1,044$701$464$80
33 years$2,095$1,446$975$645$420$68
34 years$2,011$1,371$911$593$380$57
35 years$1,933$1,300$852$546$344$48
36 years$1,858$1,234$797$503$312$41
37 years$1,788$1,172$746$463$283$35
38 years$1,722$1,114$698$427$256$29
39 years$1,659$1,059$654$394$232$25
40 years$1,600$1,008$613$363$211$21
41 years$1,543$959$575$335$191$18
42 years$1,490$914$539$309$174$15
43 years$1,439$870$506$286$157$13
44 years$1,390$830$475$264$143$11
45 years$1,344$791$446$243$130$9
46 years$1,300$755$419$225$118$8
47 years$1,258$720$394$208$107$7
48 years$1,218$688$370$192$97$6
49 years$1,179$657$348$177$88$5
50 years$1,142$627$327$164$80$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,170,000, adding $6,102 every year, while hoping to spend $40,848 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: 25/49/26 Blend
54$1,170,000$1,170,000$1,170,000$1,170,000
55$1,295,634$1,233,624$1,215,489$1,317,290
56$1,384,327$1,250,610$1,212,746$1,352,615
57$1,480,697$1,267,059$1,208,542$1,386,570
58$1,585,485$1,282,901$1,202,785$1,422,118
59$1,699,505$1,298,064$1,195,379$1,459,419
60$1,823,652$1,312,466$1,186,221$1,498,651
61$1,958,912$1,326,025$1,175,208$1,540,015
62$2,106,370$1,338,649$1,162,226$1,583,734
63$2,267,220$1,350,243$1,147,161$1,630,055
64$2,442,775$1,360,704$1,129,889$1,679,256
65$2,634,483$1,369,923$1,110,285$1,731,644
66$2,843,935$1,377,784$1,088,214$1,787,563
67$3,072,884$1,384,163$1,063,537$1,847,395
68$3,323,260$1,388,929$1,036,108$1,911,565
69$3,597,188$1,391,942$1,005,773$1,980,546
70$3,897,008$1,393,054$972,373$2,054,862
71$4,225,296$1,392,107$935,741$2,135,098
72$4,584,890$1,388,934$895,702$2,221,903
73$4,978,913$1,383,356$852,072$2,315,997
74$5,410,808$1,375,186$804,662$2,418,179
75$5,884,363$1,364,222$753,271$2,529,339
76$6,403,752$1,350,254$697,690$2,650,459
77$6,973,574$1,333,055$637,701$2,782,633
78$7,598,892$1,312,388$573,078$2,927,073
79$8,285,283$1,287,999$503,580$3,085,121
80$9,038,893$1,259,622$428,961$3,258,266
81$9,866,489$1,226,972$348,959$3,448,157
82$10,775,526$1,189,750$263,306$3,656,621
83$11,774,220$1,147,637$171,716$3,885,682
84$12,871,617$1,100,298$73,895$4,137,581
85$14,077,686$1,047,377$0$4,414,798
86$15,403,409$988,497$0$4,728,540
87$16,860,884$923,261$0$5,095,812
88$18,463,441$851,248$0$5,499,547
89$20,225,765$772,012$0$5,943,562
90$22,164,037$685,084$0$6,432,072
91$24,296,082$589,967$0$6,969,732
92$26,641,542$486,135$0$7,561,683
93$29,222,058$373,035$0$8,213,600
94$32,061,474$250,079$0$8,931,751
95$35,186,061$116,650$0$9,723,054
96$38,624,767$0$0$10,595,148
97$42,409,488$0$0$11,571,512
98$46,575,367$0$0$12,715,675
99$51,161,130$0$0$13,975,403
100$56,209,445$0$0$15,362,450