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

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$96,618$95,757$94,917$94,098$93,297$92,632
2 years$47,830$46,940$46,076$45,239$44,427$43,756
3 years$31,570$30,676$29,814$28,985$28,187$27,531
4 years$23,442$22,550$21,697$20,882$20,103$19,467
5 years$18,566$17,679$16,838$16,040$15,282$14,668
6 years$15,316$14,436$13,608$12,827$12,092$11,501
7 years$12,996$12,124$11,308$10,546$9,834$9,267
8 years$11,257$10,392$9,590$8,847$8,158$7,614
9 years$9,905$9,048$8,260$7,535$6,870$6,349
10 years$8,824$7,976$7,201$6,496$5,854$5,356
11 years$7,940$7,100$6,340$5,653$5,035$4,559
12 years$7,204$6,373$5,626$4,958$4,363$3,909
13 years$6,581$5,759$5,027$4,378$3,805$3,372
14 years$6,048$5,235$4,517$3,886$3,335$2,924
15 years$5,587$4,782$4,078$3,466$2,936$2,545
16 years$5,184$4,388$3,697$3,103$2,595$2,224
17 years$4,828$4,041$3,364$2,788$2,301$1,949
18 years$4,512$3,734$3,071$2,513$2,046$1,713
19 years$4,230$3,461$2,812$2,270$1,824$1,508
20 years$3,976$3,216$2,580$2,056$1,629$1,331
21 years$3,747$2,995$2,373$1,866$1,458$1,176
22 years$3,539$2,796$2,187$1,697$1,307$1,041
23 years$3,350$2,615$2,020$1,545$1,173$923
24 years$3,176$2,450$1,868$1,409$1,054$819
25 years$3,016$2,299$1,730$1,287$949$727
26 years$2,869$2,161$1,605$1,177$855$647
27 years$2,734$2,034$1,490$1,077$770$575
28 years$2,608$1,916$1,385$987$695$512
29 years$2,491$1,808$1,289$905$628$456
30 years$2,382$1,707$1,201$831$567$407
31 years$2,280$1,614$1,119$763$513$363
32 years$2,185$1,527$1,044$701$464$324
33 years$2,095$1,446$975$645$420$289
34 years$2,011$1,371$911$593$380$258
35 years$1,933$1,300$852$546$344$230
36 years$1,858$1,234$797$503$312$206
37 years$1,788$1,172$746$463$283$184
38 years$1,722$1,114$698$427$256$164
39 years$1,659$1,059$654$394$232$147
40 years$1,600$1,008$613$363$211$131
41 years$1,543$959$575$335$191$117
42 years$1,490$914$539$309$174$105
43 years$1,439$870$506$286$157$94
44 years$1,390$830$475$264$143$84
45 years$1,344$791$446$243$130$75
46 years$1,300$755$419$225$118$67
47 years$1,258$720$394$208$107$60
48 years$1,218$688$370$192$97$54
49 years$1,179$657$348$177$88$48
50 years$1,142$627$327$164$80$43

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 $3,354 every year, while hoping to spend $54,588 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: 41/37/22 Blend
54$1,170,000$1,170,000$1,170,000$1,170,000
55$1,292,800$1,230,790$1,212,655$1,337,308
56$1,366,584$1,233,017$1,195,197$1,371,683
57$1,446,065$1,233,524$1,175,326$1,403,396
58$1,531,765$1,232,169$1,152,901$1,436,619
59$1,624,261$1,228,801$1,127,779$1,471,522
60$1,724,183$1,223,259$1,099,807$1,508,294
61$1,832,226$1,215,375$1,068,827$1,547,145
62$1,949,153$1,204,968$1,034,672$1,588,314
63$2,075,802$1,191,848$997,170$1,632,066
64$2,213,097$1,175,811$956,138$1,678,697
65$2,362,051$1,156,644$911,386$1,728,541
66$2,523,780$1,134,119$862,717$1,781,968
67$2,699,510$1,107,996$809,923$1,839,391
68$2,890,591$1,078,019$752,787$1,901,273
69$3,098,509$1,043,919$691,082$1,968,127
70$3,324,895$1,005,409$624,572$2,040,529
71$3,571,549$962,189$553,009$2,119,115
72$3,840,448$913,937$476,136$2,204,599
73$4,133,770$860,316$393,683$2,297,771
74$4,453,910$800,968$305,368$2,399,510
75$4,803,508$735,514$210,896$2,510,796
76$5,185,467$663,555$109,962$2,632,716
77$5,602,984$584,669$2,245$2,766,477
78$6,059,578$498,407$0$2,913,421
79$6,559,125$404,299$0$3,101,494
80$7,105,892$301,846$0$3,308,171
81$7,704,578$190,522$0$3,534,845
82$8,360,357$69,770$0$3,783,636
83$9,078,928$0$0$4,056,890
84$9,866,567$0$0$4,382,037
85$10,730,185$0$0$4,769,847
86$11,677,394$0$0$5,195,350
87$12,716,580$0$0$5,662,332
88$13,856,977$0$0$6,174,963
89$15,108,760$0$0$6,737,838
90$16,483,132$0$0$7,356,016
91$17,992,439$0$0$8,035,072
92$19,650,279$0$0$8,781,148
93$21,471,630$0$0$9,601,007
94$23,472,995$0$0$10,502,104
95$25,672,554$0$0$11,492,650
96$28,090,335$0$0$12,581,690
97$30,748,405$0$0$13,779,192
98$33,671,072$0$0$15,096,134
99$36,885,121$0$0$16,544,616
100$40,420,060$0$0$18,137,967