Can I retire at age 55 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$99,921$99,031$98,162$97,315$96,487$92,805
2 years$49,466$48,544$47,652$46,786$45,946$42,280
3 years$32,650$31,724$30,834$29,976$29,150$25,615
4 years$24,243$23,321$22,439$21,596$20,790$17,413
5 years$19,201$18,284$17,414$16,588$15,804$12,594
6 years$15,840$14,930$14,073$13,265$12,505$9,464
7 years$13,441$12,538$11,695$10,906$10,170$7,297
8 years$11,642$10,748$9,918$9,149$8,437$5,730
9 years$10,243$9,358$8,542$7,793$7,105$4,559
10 years$9,125$8,248$7,447$6,718$6,054$3,664
11 years$8,211$7,343$6,557$5,846$5,207$2,968
12 years$7,450$6,591$5,819$5,128$4,512$2,419
13 years$6,806$5,956$5,199$4,527$3,935$1,981
14 years$6,255$5,414$4,671$4,019$3,449$1,629
15 years$5,778$4,946$4,217$3,584$3,037$1,343
16 years$5,361$4,538$3,824$3,209$2,684$1,111
17 years$4,993$4,179$3,479$2,883$2,380$920
18 years$4,667$3,862$3,176$2,599$2,116$764
19 years$4,375$3,579$2,908$2,348$1,886$635
20 years$4,112$3,326$2,668$2,127$1,685$528
21 years$3,875$3,098$2,455$1,930$1,508$440
22 years$3,660$2,892$2,262$1,755$1,351$367
23 years$3,464$2,704$2,089$1,598$1,213$306
24 years$3,285$2,534$1,932$1,458$1,090$255
25 years$3,120$2,378$1,789$1,331$981$213
26 years$2,968$2,235$1,659$1,217$884$178
27 years$2,827$2,103$1,541$1,114$797$149
28 years$2,697$1,982$1,432$1,021$719$124
29 years$2,576$1,870$1,333$936$649$104
30 years$2,463$1,766$1,242$859$587$87
31 years$2,358$1,669$1,158$789$530$73
32 years$2,259$1,579$1,080$725$480$61
33 years$2,167$1,496$1,008$667$434$51
34 years$2,080$1,418$942$613$393$42
35 years$1,999$1,345$881$565$356$36
36 years$1,922$1,276$824$520$323$30
37 years$1,849$1,212$771$479$292$25
38 years$1,781$1,152$722$442$265$21
39 years$1,716$1,095$677$407$240$17
40 years$1,654$1,042$634$376$218$15
41 years$1,596$992$595$347$198$12
42 years$1,541$945$558$320$179$10
43 years$1,488$900$524$295$163$9
44 years$1,438$858$491$273$148$7
45 years$1,390$818$461$252$134$6
46 years$1,344$781$433$233$122$5
47 years$1,301$745$407$215$111$4
48 years$1,259$711$383$199$100$3
49 years$1,219$679$360$183$91$3
50 years$1,181$649$338$170$83$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,210,000, adding $2,516 every year, while hoping to spend $48,115 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: 71/17/12 Blend
54$1,210,000$1,210,000$1,210,000$1,210,000
55$1,336,015$1,271,885$1,253,130$1,427,334
56$1,421,095$1,283,014$1,243,916$1,499,303
57$1,513,240$1,293,075$1,232,781$1,571,949
58$1,613,120$1,301,965$1,219,609$1,650,190
59$1,721,473$1,309,576$1,204,280$1,734,569
60$1,839,107$1,315,789$1,186,668$1,825,683
61$1,966,915$1,320,482$1,166,640$1,924,190
62$2,105,876$1,323,521$1,144,058$2,030,816
63$2,257,069$1,324,767$1,118,777$2,146,364
64$2,421,679$1,324,070$1,090,646$2,271,715
65$2,601,013$1,321,272$1,059,505$2,407,844
66$2,796,508$1,316,206$1,025,189$2,555,824
67$3,009,743$1,308,692$987,525$2,716,840
68$3,242,461$1,298,541$946,331$2,892,196
69$3,496,576$1,285,554$901,417$3,083,333
70$3,774,198$1,269,517$852,586$3,291,838
71$4,077,647$1,250,204$799,629$3,519,462
72$4,409,481$1,227,378$742,329$3,768,136
73$4,772,512$1,200,784$680,462$4,039,988
74$5,169,841$1,170,155$613,790$4,337,367
75$5,604,879$1,135,207$542,067$4,662,861
76$6,081,384$1,095,639$465,033$5,019,325
77$6,603,494$1,051,134$382,420$5,409,906
78$7,175,766$1,001,356$293,947$5,838,076
79$7,803,220$945,947$199,320$6,307,662
80$8,491,382$884,533$98,231$6,822,884
81$9,246,343$816,715$0$7,388,396
82$10,074,808$742,072$0$8,010,565
83$10,984,165$660,160$0$8,707,314
84$11,982,550$570,508$0$9,472,337
85$13,078,928$472,621$0$10,312,558
86$14,283,172$365,973$0$11,235,609
87$15,606,161$250,011$0$12,249,901
88$17,059,876$124,148$0$13,364,707
89$18,657,520$0$0$14,590,244
90$20,413,636$0$0$15,940,064
91$22,344,247$0$0$17,449,605
92$24,467,005$0$0$19,109,455
93$26,801,360$0$0$20,934,829
94$29,368,738$0$0$22,942,491
95$32,192,749$0$0$25,150,914
96$35,299,403$0$0$27,580,446
97$38,717,360$0$0$30,253,511
98$42,478,198$0$0$33,194,814
99$46,616,708$0$0$36,431,577
100$51,171,228$0$0$39,993,792