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%16.6%
1 years$97,443$96,575$95,728$94,902$94,095$91,560
2 years$48,239$47,341$46,470$45,626$44,807$42,272
3 years$31,840$30,938$30,069$29,233$28,427$25,970
4 years$23,642$22,743$21,883$21,061$20,275$17,915
5 years$18,725$17,830$16,982$16,177$15,413$13,157
6 years$15,447$14,560$13,724$12,937$12,195$10,046
7 years$13,107$12,227$11,405$10,636$9,918$7,875
8 years$11,353$10,481$9,672$8,922$8,228$6,290
9 years$9,989$9,126$8,331$7,600$6,929$5,094
10 years$8,899$8,044$7,263$6,551$5,904$4,170
11 years$8,008$7,161$6,394$5,701$5,078$3,442
12 years$7,265$6,427$5,675$5,001$4,400$2,860
13 years$6,638$5,808$5,070$4,415$3,837$2,388
14 years$6,100$5,280$4,555$3,919$3,364$2,004
15 years$5,635$4,823$4,113$3,495$2,962$1,687
16 years$5,228$4,425$3,729$3,130$2,617$1,424
17 years$4,869$4,075$3,393$2,812$2,321$1,205
18 years$4,551$3,766$3,097$2,534$2,064$1,022
19 years$4,266$3,490$2,836$2,290$1,839$868
20 years$4,010$3,243$2,602$2,074$1,643$739
21 years$3,779$3,021$2,394$1,882$1,470$629
22 years$3,569$2,820$2,206$1,711$1,318$536
23 years$3,378$2,637$2,037$1,558$1,183$458
24 years$3,203$2,471$1,884$1,421$1,063$391
25 years$3,042$2,319$1,745$1,298$957$334
26 years$2,894$2,179$1,618$1,187$862$286
27 years$2,757$2,051$1,503$1,086$777$244
28 years$2,630$1,933$1,397$995$701$209
29 years$2,512$1,823$1,300$913$633$179
30 years$2,402$1,722$1,211$838$572$153
31 years$2,299$1,628$1,129$769$517$131
32 years$2,203$1,540$1,053$707$468$112
33 years$2,113$1,459$983$650$423$96
34 years$2,029$1,382$919$598$383$82
35 years$1,949$1,311$859$551$347$71
36 years$1,874$1,245$804$507$315$61
37 years$1,803$1,182$752$467$285$52
38 years$1,736$1,123$704$431$258$45
39 years$1,673$1,068$660$397$234$38
40 years$1,613$1,016$619$366$213$33
41 years$1,556$967$580$338$193$28
42 years$1,502$921$544$312$175$24
43 years$1,451$878$511$288$159$21
44 years$1,402$837$479$266$144$18
45 years$1,355$798$450$246$131$15
46 years$1,311$761$423$227$119$13
47 years$1,269$726$397$210$108$11
48 years$1,228$693$373$194$98$10
49 years$1,189$662$351$179$89$8
50 years$1,152$633$330$165$81$7

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 $3,138 every year, while hoping to spend $45,577 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: 39/49/12 Blend
54$1,180,000$1,180,000$1,180,000$1,180,000
55$1,303,597$1,241,057$1,222,767$1,349,604
56$1,388,070$1,253,375$1,215,236$1,394,814
57$1,479,632$1,264,769$1,205,925$1,438,971
58$1,578,958$1,275,146$1,194,727$1,485,711
59$1,686,789$1,284,406$1,181,528$1,535,288
60$1,803,943$1,292,444$1,166,211$1,587,984
61$1,931,318$1,299,145$1,148,651$1,644,111
62$2,069,901$1,304,392$1,128,719$1,704,017
63$2,220,779$1,308,056$1,106,280$1,768,086
64$2,385,149$1,310,001$1,081,190$1,836,746
65$2,564,327$1,310,083$1,053,303$1,910,470
66$2,759,761$1,308,151$1,022,462$1,989,783
67$2,973,047$1,304,041$988,505$2,075,266
68$3,205,940$1,297,580$951,262$2,167,565
69$3,460,371$1,288,587$910,554$2,267,393
70$3,738,468$1,276,867$866,197$2,375,544
71$4,042,573$1,262,215$817,996$2,492,892
72$4,375,265$1,244,413$765,748$2,620,411
73$4,739,382$1,223,229$709,240$2,759,174
74$5,138,050$1,198,419$648,252$2,910,373
75$5,574,714$1,169,723$582,550$3,075,326
76$6,053,163$1,136,869$511,894$3,255,490
77$6,577,574$1,099,563$436,031$3,452,480
78$7,152,545$1,057,500$354,696$3,668,082
79$7,783,140$1,010,354$267,615$3,904,270
80$8,474,940$957,780$174,499$4,163,231
81$9,234,087$899,414$75,048$4,447,381
82$10,067,350$834,872$0$4,759,392
83$10,982,185$763,746$0$5,106,199
84$11,986,803$685,606$0$5,497,601
85$13,090,253$599,996$0$5,927,632
86$14,302,500$506,436$0$6,400,330
87$15,634,522$404,419$0$6,920,151
88$17,098,416$293,408$0$7,492,018
89$18,707,505$172,836$0$8,121,366
90$20,476,471$42,106$0$8,814,196
91$22,421,487$0$0$9,577,135
92$24,560,371$0$0$10,471,103
93$26,912,756$0$0$11,479,450
94$29,500,272$0$0$12,588,769
95$32,346,751$0$0$13,809,298
96$35,478,451$0$0$15,152,320
97$38,924,302$0$0$16,630,266
98$42,716,182$0$0$18,256,834
99$46,889,214$0$0$20,047,115
100$51,482,099$0$0$22,017,740