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%16.5%
1 years$96,618$95,757$94,917$94,098$93,297$90,821
2 years$47,830$46,940$46,076$45,239$44,427$41,950
3 years$31,570$30,676$29,814$28,985$28,187$25,785
4 years$23,442$22,550$21,697$20,882$20,103$17,796
5 years$18,566$17,679$16,838$16,040$15,282$13,076
6 years$15,316$14,436$13,608$12,827$12,092$9,990
7 years$12,996$12,124$11,308$10,546$9,834$7,835
8 years$11,257$10,392$9,590$8,847$8,158$6,262
9 years$9,905$9,048$8,260$7,535$6,870$5,075
10 years$8,824$7,976$7,201$6,496$5,854$4,156
11 years$7,940$7,100$6,340$5,653$5,035$3,433
12 years$7,204$6,373$5,626$4,958$4,363$2,854
13 years$6,581$5,759$5,027$4,378$3,805$2,386
14 years$6,048$5,235$4,517$3,886$3,335$2,003
15 years$5,587$4,782$4,078$3,466$2,936$1,687
16 years$5,184$4,388$3,697$3,103$2,595$1,425
17 years$4,828$4,041$3,364$2,788$2,301$1,207
18 years$4,512$3,734$3,071$2,513$2,046$1,025
19 years$4,230$3,461$2,812$2,270$1,824$871
20 years$3,976$3,216$2,580$2,056$1,629$742
21 years$3,747$2,995$2,373$1,866$1,458$632
22 years$3,539$2,796$2,187$1,697$1,307$539
23 years$3,350$2,615$2,020$1,545$1,173$461
24 years$3,176$2,450$1,868$1,409$1,054$394
25 years$3,016$2,299$1,730$1,287$949$337
26 years$2,869$2,161$1,605$1,177$855$288
27 years$2,734$2,034$1,490$1,077$770$247
28 years$2,608$1,916$1,385$987$695$211
29 years$2,491$1,808$1,289$905$628$181
30 years$2,382$1,707$1,201$831$567$155
31 years$2,280$1,614$1,119$763$513$133
32 years$2,185$1,527$1,044$701$464$114
33 years$2,095$1,446$975$645$420$98
34 years$2,011$1,371$911$593$380$84
35 years$1,933$1,300$852$546$344$72
36 years$1,858$1,234$797$503$312$62
37 years$1,788$1,172$746$463$283$53
38 years$1,722$1,114$698$427$256$45
39 years$1,659$1,059$654$394$232$39
40 years$1,600$1,008$613$363$211$33
41 years$1,543$959$575$335$191$29
42 years$1,490$914$539$309$174$25
43 years$1,439$870$506$286$157$21
44 years$1,390$830$475$264$143$18
45 years$1,344$791$446$243$130$16
46 years$1,300$755$419$225$118$13
47 years$1,258$720$394$208$107$11
48 years$1,218$688$370$192$97$10
49 years$1,179$657$348$177$88$8
50 years$1,142$627$327$164$80$7

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 $5,741 every year, while hoping to spend $24,971 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: 44/47/9 Blend
54$1,170,000$1,170,000$1,170,000$1,170,000
55$1,295,262$1,233,252$1,215,117$1,348,681
56$1,400,810$1,267,112$1,229,254$1,420,172
57$1,516,286$1,301,795$1,243,028$1,494,605
58$1,642,678$1,337,314$1,256,401$1,574,707
59$1,781,072$1,373,682$1,269,331$1,661,008
60$1,932,663$1,410,915$1,281,775$1,754,091
61$2,098,769$1,449,024$1,293,689$1,854,596
62$2,280,841$1,488,023$1,305,024$1,963,231
63$2,480,475$1,527,925$1,315,732$2,080,770
64$2,699,433$1,568,743$1,325,758$2,208,069
65$2,939,652$1,610,488$1,335,047$2,346,068
66$3,203,266$1,653,172$1,343,541$2,495,802
67$3,492,628$1,696,806$1,351,179$2,658,412
68$3,810,328$1,741,401$1,357,895$2,835,153
69$4,159,219$1,786,967$1,363,622$3,027,408
70$4,542,444$1,833,513$1,368,288$3,236,698
71$4,963,466$1,881,049$1,371,819$3,464,699
72$5,426,100$1,929,580$1,374,135$3,713,259
73$5,934,548$1,979,115$1,375,154$3,984,409
74$6,493,440$2,029,660$1,374,790$4,280,391
75$7,107,876$2,081,218$1,372,950$4,603,671
76$7,783,475$2,133,794$1,369,540$4,956,968
77$8,526,430$2,187,390$1,364,460$5,343,274
78$9,343,561$2,242,007$1,357,604$5,765,888
79$10,242,383$2,297,644$1,348,863$6,228,444
80$11,231,177$2,354,300$1,338,121$6,734,946
81$12,319,066$2,411,970$1,325,258$7,289,803
82$13,516,103$2,470,649$1,310,146$7,897,876
83$14,833,363$2,530,328$1,292,653$8,564,519
84$16,283,051$2,590,998$1,272,641$9,295,631
85$17,878,611$2,652,647$1,249,965$10,097,713
86$19,634,862$2,715,259$1,224,471$10,977,928
87$21,568,128$2,778,817$1,196,001$11,944,169
88$23,696,399$2,843,300$1,164,388$13,005,132
89$26,039,495$2,908,686$1,129,459$14,170,400
90$28,619,258$2,974,946$1,091,030$15,450,535
91$31,459,754$3,042,050$1,048,912$16,857,172
92$34,587,503$3,109,965$1,002,904$18,403,135
93$38,031,727$3,178,651$952,799$20,102,555
94$41,824,624$3,248,066$898,380$21,971,004
95$46,001,677$3,318,163$839,417$24,025,642
96$50,601,985$3,388,889$775,674$26,285,379
97$55,668,630$3,460,188$706,902$28,771,055
98$61,249,088$3,531,995$632,841$31,505,633
99$67,395,674$3,604,241$553,220$34,514,422
100$74,166,036$3,676,852$467,756$37,825,310