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

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$97,443$96,575$95,728$94,902$94,095$92,958
2 years$48,239$47,341$46,470$45,626$44,807$43,663
3 years$31,840$30,938$30,069$29,233$28,427$27,311
4 years$23,642$22,743$21,883$21,061$20,275$19,195
5 years$18,725$17,830$16,982$16,177$15,413$14,373
6 years$15,447$14,560$13,724$12,937$12,195$11,197
7 years$13,107$12,227$11,405$10,636$9,918$8,962
8 years$11,353$10,481$9,672$8,922$8,228$7,313
9 years$9,989$9,126$8,331$7,600$6,929$6,056
10 years$8,899$8,044$7,263$6,551$5,904$5,071
11 years$8,008$7,161$6,394$5,701$5,078$4,285
12 years$7,265$6,427$5,675$5,001$4,400$3,646
13 years$6,638$5,808$5,070$4,415$3,837$3,121
14 years$6,100$5,280$4,555$3,919$3,364$2,685
15 years$5,635$4,823$4,113$3,495$2,962$2,319
16 years$5,228$4,425$3,729$3,130$2,617$2,009
17 years$4,869$4,075$3,393$2,812$2,321$1,746
18 years$4,551$3,766$3,097$2,534$2,064$1,521
19 years$4,266$3,490$2,836$2,290$1,839$1,328
20 years$4,010$3,243$2,602$2,074$1,643$1,162
21 years$3,779$3,021$2,394$1,882$1,470$1,018
22 years$3,569$2,820$2,206$1,711$1,318$893
23 years$3,378$2,637$2,037$1,558$1,183$784
24 years$3,203$2,471$1,884$1,421$1,063$689
25 years$3,042$2,319$1,745$1,298$957$607
26 years$2,894$2,179$1,618$1,187$862$534
27 years$2,757$2,051$1,503$1,086$777$471
28 years$2,630$1,933$1,397$995$701$415
29 years$2,512$1,823$1,300$913$633$366
30 years$2,402$1,722$1,211$838$572$323
31 years$2,299$1,628$1,129$769$517$285
32 years$2,203$1,540$1,053$707$468$252
33 years$2,113$1,459$983$650$423$223
34 years$2,029$1,382$919$598$383$197
35 years$1,949$1,311$859$551$347$174
36 years$1,874$1,245$804$507$315$154
37 years$1,803$1,182$752$467$285$136
38 years$1,736$1,123$704$431$258$120
39 years$1,673$1,068$660$397$234$107
40 years$1,613$1,016$619$366$213$94
41 years$1,556$967$580$338$193$83
42 years$1,502$921$544$312$175$74
43 years$1,451$878$511$288$159$65
44 years$1,402$837$479$266$144$58
45 years$1,355$798$450$246$131$51
46 years$1,311$761$423$227$119$45
47 years$1,269$726$397$210$108$40
48 years$1,228$693$373$194$98$36
49 years$1,189$662$351$179$89$31
50 years$1,152$633$330$165$81$28

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 $2,744 every year, while hoping to spend $32,863 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: 64/29/7 Blend
54$1,180,000$1,180,000$1,180,000$1,180,000
55$1,303,190$1,240,650$1,222,360$1,384,732
56$1,401,150$1,266,476$1,228,344$1,465,204
57$1,508,000$1,292,466$1,233,426$1,548,927
58$1,624,612$1,318,594$1,237,542$1,639,510
59$1,751,947$1,344,829$1,240,624$1,737,617
60$1,891,062$1,371,142$1,242,601$1,843,978
61$2,043,119$1,397,496$1,243,397$1,959,398
62$2,209,399$1,423,856$1,242,933$2,084,763
63$2,391,314$1,450,181$1,241,127$2,221,050
64$2,590,416$1,476,428$1,237,893$2,369,335
65$2,808,414$1,502,548$1,233,138$2,530,803
66$3,047,192$1,528,493$1,226,768$2,706,759
67$3,308,823$1,554,207$1,218,682$2,898,643
68$3,595,592$1,579,632$1,208,777$3,108,040
69$3,910,013$1,604,704$1,196,941$3,336,696
70$4,254,857$1,629,357$1,183,061$3,586,538
71$4,633,174$1,653,518$1,167,016$3,859,686
72$5,048,326$1,677,108$1,148,679$4,158,477
73$5,504,014$1,700,045$1,127,919$4,485,489
74$6,004,316$1,722,240$1,104,597$4,843,560
75$6,553,724$1,743,598$1,078,569$5,235,818
76$7,157,187$1,764,017$1,049,683$5,665,712
77$7,820,154$1,783,388$1,017,782$6,137,043
78$8,548,632$1,801,596$982,700$6,653,997
79$9,349,235$1,818,517$944,263$7,221,192
80$10,229,252$1,834,020$902,291$7,843,714
81$11,196,712$1,847,963$856,594$8,527,169
82$12,260,462$1,860,198$806,975$9,277,739
83$13,430,247$1,870,566$753,226$10,102,232
84$14,716,805$1,878,897$695,133$11,008,156
85$16,131,968$1,885,011$632,468$12,003,783
86$17,688,770$1,888,718$564,997$13,098,232
87$19,401,572$1,889,813$492,472$14,301,553
88$21,286,200$1,888,082$414,638$15,624,821
89$23,360,089$1,883,294$331,224$17,080,246
90$25,642,449$1,875,206$241,951$18,681,280
91$28,154,448$1,863,561$146,526$20,442,756
92$30,919,410$1,848,083$44,643$22,381,016
93$33,963,034$1,828,484$0$24,514,075
94$37,313,638$1,804,454$0$26,866,574
95$41,002,424$1,775,667$0$29,459,477
96$45,063,774$1,741,778$0$32,313,592
97$49,535,574$1,702,420$0$35,455,526
98$54,459,570$1,657,205$0$38,914,604
99$59,881,760$1,605,723$0$42,723,144
100$65,852,835$1,547,538$0$46,916,763