Can I retire at age 55 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$99,095$98,212$97,351$96,510$95,690$92,405
2 years$49,057$48,143$47,258$46,399$45,567$42,291
3 years$32,380$31,462$30,579$29,728$28,909$25,745
4 years$24,043$23,128$22,254$21,418$20,618$17,590
5 years$19,042$18,133$17,270$16,451$15,674$12,789
6 years$15,709$14,807$13,956$13,156$12,402$9,664
7 years$13,329$12,435$11,598$10,816$10,086$7,494
8 years$11,546$10,659$9,836$9,073$8,367$5,919
9 years$10,159$9,280$8,472$7,729$7,047$4,739
10 years$9,050$8,180$7,386$6,662$6,004$3,833
11 years$8,143$7,282$6,502$5,798$5,164$3,125
12 years$7,388$6,536$5,771$5,086$4,475$2,564
13 years$6,750$5,907$5,156$4,490$3,902$2,114
14 years$6,204$5,369$4,632$3,986$3,421$1,750
15 years$5,730$4,905$4,182$3,554$3,012$1,454
16 years$5,316$4,500$3,792$3,183$2,662$1,211
17 years$4,952$4,144$3,451$2,860$2,360$1,011
18 years$4,628$3,830$3,150$2,577$2,098$845
19 years$4,339$3,549$2,884$2,329$1,870$708
20 years$4,078$3,298$2,646$2,109$1,671$593
21 years$3,843$3,072$2,434$1,914$1,495$498
22 years$3,630$2,868$2,244$1,740$1,340$418
23 years$3,435$2,682$2,071$1,585$1,203$352
24 years$3,257$2,513$1,916$1,446$1,081$296
25 years$3,094$2,358$1,774$1,320$973$249
26 years$2,943$2,216$1,646$1,207$876$210
27 years$2,804$2,086$1,528$1,105$790$177
28 years$2,675$1,966$1,421$1,012$713$149
29 years$2,555$1,854$1,322$928$644$125
30 years$2,443$1,751$1,231$852$582$106
31 years$2,338$1,655$1,148$782$526$89
32 years$2,241$1,566$1,071$719$476$75
33 years$2,149$1,483$1,000$661$431$63
34 years$2,063$1,406$934$608$390$53
35 years$1,982$1,333$874$560$353$45
36 years$1,906$1,266$817$516$320$38
37 years$1,834$1,202$765$475$290$32
38 years$1,766$1,142$716$438$263$27
39 years$1,702$1,086$671$404$238$23
40 years$1,641$1,034$629$373$216$19
41 years$1,583$984$590$344$196$16
42 years$1,528$937$553$317$178$14
43 years$1,476$893$519$293$162$12
44 years$1,426$851$487$270$147$10
45 years$1,378$811$458$250$133$8
46 years$1,333$774$430$231$121$7
47 years$1,290$739$404$213$110$6
48 years$1,249$705$379$197$100$5
49 years$1,209$673$357$182$91$4
50 years$1,172$643$335$168$82$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,200,000, adding $4,043 every year, while hoping to spend $58,242 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: 46/25/29 Blend
54$1,200,000$1,200,000$1,200,000$1,200,000
55$1,326,570$1,262,970$1,244,370$1,376,348
56$1,399,911$1,262,887$1,224,088$1,411,981
57$1,478,781$1,260,847$1,201,174$1,444,694
58$1,563,683$1,256,694$1,175,478$1,479,080
59$1,655,167$1,250,261$1,146,845$1,515,330
60$1,753,840$1,241,370$1,115,111$1,553,654
61$1,860,368$1,229,833$1,080,103$1,594,289
62$1,975,482$1,215,452$1,041,644$1,637,502
63$2,099,987$1,198,014$999,544$1,683,587
64$2,234,766$1,177,297$953,609$1,732,875
65$2,380,790$1,153,063$903,634$1,785,737
66$2,539,129$1,125,061$849,403$1,842,582
67$2,710,956$1,093,026$790,694$1,903,871
68$2,897,564$1,056,674$727,273$1,970,114
69$3,100,374$1,015,710$658,895$2,041,881
70$3,320,949$969,817$585,305$2,119,804
71$3,561,010$918,661$506,237$2,204,590
72$3,822,448$861,891$421,411$2,297,021
73$4,107,347$799,133$330,537$2,397,968
74$4,417,998$729,992$233,312$2,508,399
75$4,756,924$654,052$129,418$2,629,389
76$5,126,902$570,872$18,526$2,762,130
77$5,530,988$479,987$0$2,907,947
78$5,972,547$380,904$0$3,099,195
79$6,455,283$273,104$0$3,314,742
80$6,983,274$156,039$0$3,550,771
81$7,561,011$29,128$0$3,809,407
82$8,193,439$0$0$4,092,994
83$8,886,002$0$0$4,433,899
84$9,644,697$0$0$4,816,273
85$10,476,127$0$0$5,235,448
86$11,387,565$0$0$5,695,108
87$12,387,020$0$0$6,199,311
88$13,483,313$0$0$6,752,527
89$14,686,163$0$0$7,359,679
90$16,006,271$0$0$8,026,189
91$17,455,427$0$0$8,758,033
92$19,046,617$0$0$9,561,789
93$20,794,146$0$0$10,444,707
94$22,713,774$0$0$11,414,772
95$24,822,861$0$0$12,480,783
96$27,140,531$0$0$13,652,430
97$29,687,854$0$0$14,940,391
98$32,488,043$0$0$16,356,430
99$35,566,670$0$0$17,913,507
100$38,951,909$0$0$19,625,900