Can I retire at age 55 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$97,443$96,575$95,728$94,902$94,095$92,308
2 years$48,239$47,341$46,470$45,626$44,807$43,014
3 years$31,840$30,938$30,069$29,233$28,427$26,684
4 years$23,642$22,743$21,883$21,061$20,275$18,594
5 years$18,725$17,830$16,982$16,177$15,413$13,800
6 years$15,447$14,560$13,724$12,937$12,195$10,652
7 years$13,107$12,227$11,405$10,636$9,918$8,445
8 years$11,353$10,481$9,672$8,922$8,228$6,824
9 years$9,989$9,126$8,331$7,600$6,929$5,594
10 years$8,899$8,044$7,263$6,551$5,904$4,636
11 years$8,008$7,161$6,394$5,701$5,078$3,876
12 years$7,265$6,427$5,675$5,001$4,400$3,262
13 years$6,638$5,808$5,070$4,415$3,837$2,762
14 years$6,100$5,280$4,555$3,919$3,364$2,348
15 years$5,635$4,823$4,113$3,495$2,962$2,005
16 years$5,228$4,425$3,729$3,130$2,617$1,717
17 years$4,869$4,075$3,393$2,812$2,321$1,474
18 years$4,551$3,766$3,097$2,534$2,064$1,269
19 years$4,266$3,490$2,836$2,290$1,839$1,094
20 years$4,010$3,243$2,602$2,074$1,643$945
21 years$3,779$3,021$2,394$1,882$1,470$817
22 years$3,569$2,820$2,206$1,711$1,318$708
23 years$3,378$2,637$2,037$1,558$1,183$613
24 years$3,203$2,471$1,884$1,421$1,063$532
25 years$3,042$2,319$1,745$1,298$957$462
26 years$2,894$2,179$1,618$1,187$862$401
27 years$2,757$2,051$1,503$1,086$777$349
28 years$2,630$1,933$1,397$995$701$303
29 years$2,512$1,823$1,300$913$633$264
30 years$2,402$1,722$1,211$838$572$230
31 years$2,299$1,628$1,129$769$517$200
32 years$2,203$1,540$1,053$707$468$174
33 years$2,113$1,459$983$650$423$152
34 years$2,029$1,382$919$598$383$132
35 years$1,949$1,311$859$551$347$115
36 years$1,874$1,245$804$507$315$101
37 years$1,803$1,182$752$467$285$88
38 years$1,736$1,123$704$431$258$76
39 years$1,673$1,068$660$397$234$67
40 years$1,613$1,016$619$366$213$58
41 years$1,556$967$580$338$193$51
42 years$1,502$921$544$312$175$44
43 years$1,451$878$511$288$159$39
44 years$1,402$837$479$266$144$34
45 years$1,355$798$450$246$131$29
46 years$1,311$761$423$227$119$26
47 years$1,269$726$397$210$108$22
48 years$1,228$693$373$194$98$19
49 years$1,189$662$351$179$89$17
50 years$1,152$633$330$165$81$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,180,000, adding $2,266 every year, while hoping to spend $27,240 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: 54/31/15 Blend
54$1,180,000$1,180,000$1,180,000$1,180,000
55$1,302,697$1,240,157$1,221,867$1,367,740
56$1,406,589$1,271,942$1,233,817$1,444,111
57$1,520,165$1,304,371$1,245,254$1,524,085
58$1,644,384$1,337,447$1,256,132$1,610,518
59$1,780,302$1,371,173$1,266,403$1,704,033
60$1,929,082$1,405,549$1,276,016$1,805,314
61$2,092,004$1,440,576$1,284,918$1,915,113
62$2,270,477$1,476,254$1,293,052$2,034,262
63$2,466,055$1,512,580$1,300,358$2,163,675
64$2,680,448$1,549,551$1,306,775$2,304,359
65$2,915,538$1,587,164$1,312,237$2,457,423
66$3,173,401$1,625,413$1,316,676$2,624,089
67$3,456,322$1,664,292$1,320,017$2,805,704
68$3,766,815$1,703,791$1,322,187$3,003,750
69$4,107,655$1,743,901$1,323,105$3,219,863
70$4,481,894$1,784,610$1,322,687$3,455,841
71$4,892,896$1,825,905$1,320,845$3,713,669
72$5,344,366$1,867,769$1,317,489$3,995,533
73$5,840,387$1,910,185$1,312,520$4,303,841
74$6,385,455$1,953,133$1,305,838$4,641,247
75$6,984,524$1,996,589$1,297,336$5,010,675
76$7,643,053$2,040,529$1,286,904$5,415,348
77$8,367,054$2,084,925$1,274,425$5,858,817
78$9,163,152$2,129,745$1,259,777$6,344,995
79$10,038,646$2,174,955$1,242,832$6,878,194
80$11,001,577$2,220,517$1,223,456$7,463,168
81$12,060,805$2,266,389$1,201,509$8,105,153
82$13,226,092$2,312,527$1,176,844$8,809,921
83$14,508,193$2,358,881$1,149,309$9,583,833
84$15,918,960$2,405,397$1,118,742$10,433,899
85$17,471,449$2,452,017$1,084,975$11,367,844
86$19,180,047$2,498,677$1,047,832$12,394,181
87$21,060,608$2,545,308$1,007,131$13,522,294
88$23,130,599$2,591,836$962,678$14,762,522
89$25,409,265$2,638,181$914,273$16,126,264
90$27,917,815$2,684,257$861,705$17,626,077
91$30,679,616$2,729,969$804,756$19,275,803
92$33,720,417$2,775,218$743,196$21,090,698
93$37,068,592$2,819,897$676,786$23,087,574
94$40,755,404$2,863,888$605,274$25,284,958
95$44,815,305$2,907,067$528,400$27,703,271
96$49,286,255$2,949,303$445,891$30,365,018
97$54,210,086$2,990,451$357,461$33,295,001
98$59,632,891$3,030,360$262,812$36,520,554
99$65,605,464$3,068,865$161,634$40,071,802
100$72,183,774$3,105,793$53,602$43,981,945