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%15.1%
1 years$96,618$95,757$94,917$94,098$93,297$91,339
2 years$47,830$46,940$46,076$45,239$44,427$42,464
3 years$31,570$30,676$29,814$28,985$28,187$26,279
4 years$23,442$22,550$21,697$20,882$20,103$18,265
5 years$18,566$17,679$16,838$16,040$15,282$13,520
6 years$15,316$14,436$13,608$12,827$12,092$10,408
7 years$12,996$12,124$11,308$10,546$9,834$8,228
8 years$11,257$10,392$9,590$8,847$8,158$6,630
9 years$9,905$9,048$8,260$7,535$6,870$5,418
10 years$8,824$7,976$7,201$6,496$5,854$4,477
11 years$7,940$7,100$6,340$5,653$5,035$3,731
12 years$7,204$6,373$5,626$4,958$4,363$3,130
13 years$6,581$5,759$5,027$4,378$3,805$2,641
14 years$6,048$5,235$4,517$3,886$3,335$2,238
15 years$5,587$4,782$4,078$3,466$2,936$1,904
16 years$5,184$4,388$3,697$3,103$2,595$1,625
17 years$4,828$4,041$3,364$2,788$2,301$1,390
18 years$4,512$3,734$3,071$2,513$2,046$1,192
19 years$4,230$3,461$2,812$2,270$1,824$1,024
20 years$3,976$3,216$2,580$2,056$1,629$881
21 years$3,747$2,995$2,373$1,866$1,458$759
22 years$3,539$2,796$2,187$1,697$1,307$655
23 years$3,350$2,615$2,020$1,545$1,173$565
24 years$3,176$2,450$1,868$1,409$1,054$489
25 years$3,016$2,299$1,730$1,287$949$423
26 years$2,869$2,161$1,605$1,177$855$366
27 years$2,734$2,034$1,490$1,077$770$317
28 years$2,608$1,916$1,385$987$695$274
29 years$2,491$1,808$1,289$905$628$238
30 years$2,382$1,707$1,201$831$567$206
31 years$2,280$1,614$1,119$763$513$179
32 years$2,185$1,527$1,044$701$464$155
33 years$2,095$1,446$975$645$420$134
34 years$2,011$1,371$911$593$380$117
35 years$1,933$1,300$852$546$344$101
36 years$1,858$1,234$797$503$312$88
37 years$1,788$1,172$746$463$283$76
38 years$1,722$1,114$698$427$256$66
39 years$1,659$1,059$654$394$232$57
40 years$1,600$1,008$613$363$211$50
41 years$1,543$959$575$335$191$43
42 years$1,490$914$539$309$174$38
43 years$1,439$870$506$286$157$33
44 years$1,390$830$475$264$143$28
45 years$1,344$791$446$243$130$25
46 years$1,300$755$419$225$118$21
47 years$1,258$720$394$208$107$19
48 years$1,218$688$370$192$97$16
49 years$1,179$657$348$177$88$14
50 years$1,142$627$327$164$80$12

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 $3,476 every year, while hoping to spend $44,054 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: 55/18/27 Blend
54$1,170,000$1,170,000$1,170,000$1,170,000
55$1,292,925$1,230,915$1,212,780$1,354,219
56$1,377,931$1,244,357$1,206,536$1,410,268
57$1,470,130$1,256,981$1,198,605$1,466,430
58$1,570,211$1,268,701$1,188,885$1,526,702
59$1,678,929$1,279,423$1,177,270$1,591,496
60$1,797,115$1,289,051$1,163,644$1,661,264
61$1,925,685$1,297,479$1,147,890$1,736,509
62$2,065,646$1,304,595$1,129,885$1,817,786
63$2,218,103$1,310,282$1,109,498$1,905,707
64$2,384,277$1,314,413$1,086,593$2,000,949
65$2,565,508$1,316,855$1,061,029$2,104,261
66$2,763,273$1,317,464$1,032,657$2,216,468
67$2,979,196$1,316,089$1,001,320$2,338,485
68$3,215,067$1,312,570$966,857$2,471,319
69$3,472,855$1,306,737$929,098$2,616,084
70$3,754,727$1,298,408$887,863$2,774,011
71$4,063,071$1,287,391$842,968$2,946,459
72$4,400,514$1,273,484$794,218$3,134,928
73$4,769,952$1,256,470$741,410$3,341,075
74$5,174,571$1,236,121$684,331$3,566,730
75$5,617,880$1,212,194$622,759$3,813,912
76$6,103,746$1,184,433$556,464$4,084,850
77$6,636,424$1,152,567$485,201$4,382,007
78$7,220,604$1,116,307$408,720$4,708,100
79$7,861,449$1,075,349$326,755$5,066,126
80$8,564,646$1,029,371$239,031$5,459,397
81$9,336,462$978,032$145,261$5,891,564
82$10,183,797$920,972$45,143$6,366,659
83$11,114,253$857,808$0$6,889,131
84$12,136,205$788,138$0$7,481,662
85$13,258,877$711,536$0$8,146,928
86$14,492,432$627,551$0$8,877,983
87$15,848,066$535,707$0$9,681,523
88$17,338,112$435,500$0$10,564,927
89$18,976,160$326,401$0$11,536,331
90$20,777,181$207,846$0$12,604,702
91$22,757,667$79,244$0$13,779,922
92$24,935,791$0$0$15,072,889
93$27,331,574$0$0$16,507,500
94$29,967,075$0$0$18,103,046
95$32,866,599$0$0$19,858,557
96$36,056,926$0$0$21,790,265
97$39,567,561$0$0$23,916,050
98$43,431,015$0$0$26,255,615
99$47,683,109$0$0$28,830,670
100$52,363,314$0$0$31,665,135