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%18.3%
1 years$99,921$99,031$98,162$97,315$96,487$93,249
2 years$49,466$48,544$47,652$46,786$45,946$42,716
3 years$32,650$31,724$30,834$29,976$29,150$26,029
4 years$24,243$23,321$22,439$21,596$20,790$17,802
5 years$19,201$18,284$17,414$16,588$15,804$12,957
6 years$15,840$14,930$14,073$13,265$12,505$9,802
7 years$13,441$12,538$11,695$10,906$10,170$7,609
8 years$11,642$10,748$9,918$9,149$8,437$6,017
9 years$10,243$9,358$8,542$7,793$7,105$4,823
10 years$9,125$8,248$7,447$6,718$6,054$3,906
11 years$8,211$7,343$6,557$5,846$5,207$3,189
12 years$7,450$6,591$5,819$5,128$4,512$2,620
13 years$6,806$5,956$5,199$4,527$3,935$2,163
14 years$6,255$5,414$4,671$4,019$3,449$1,794
15 years$5,778$4,946$4,217$3,584$3,037$1,492
16 years$5,361$4,538$3,824$3,209$2,684$1,244
17 years$4,993$4,179$3,479$2,883$2,380$1,040
18 years$4,667$3,862$3,176$2,599$2,116$871
19 years$4,375$3,579$2,908$2,348$1,886$730
20 years$4,112$3,326$2,668$2,127$1,685$613
21 years$3,875$3,098$2,455$1,930$1,508$516
22 years$3,660$2,892$2,262$1,755$1,351$434
23 years$3,464$2,704$2,089$1,598$1,213$365
24 years$3,285$2,534$1,932$1,458$1,090$308
25 years$3,120$2,378$1,789$1,331$981$259
26 years$2,968$2,235$1,659$1,217$884$219
27 years$2,827$2,103$1,541$1,114$797$185
28 years$2,697$1,982$1,432$1,021$719$156
29 years$2,576$1,870$1,333$936$649$131
30 years$2,463$1,766$1,242$859$587$111
31 years$2,358$1,669$1,158$789$530$94
32 years$2,259$1,579$1,080$725$480$79
33 years$2,167$1,496$1,008$667$434$67
34 years$2,080$1,418$942$613$393$57
35 years$1,999$1,345$881$565$356$48
36 years$1,922$1,276$824$520$323$40
37 years$1,849$1,212$771$479$292$34
38 years$1,781$1,152$722$442$265$29
39 years$1,716$1,095$677$407$240$24
40 years$1,654$1,042$634$376$218$21
41 years$1,596$992$595$347$198$17
42 years$1,541$945$558$320$179$15
43 years$1,488$900$524$295$163$12
44 years$1,438$858$491$273$148$10
45 years$1,390$818$461$252$134$9
46 years$1,344$781$433$233$122$7
47 years$1,301$745$407$215$111$6
48 years$1,259$711$383$199$100$5
49 years$1,219$679$360$183$91$5
50 years$1,181$649$338$170$83$4

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 $5,450 every year, while hoping to spend $30,011 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: 68/6/26 Blend
54$1,210,000$1,210,000$1,210,000$1,210,000
55$1,339,042$1,274,912$1,256,157$1,420,754
56$1,443,692$1,305,451$1,266,306$1,506,866
57$1,558,012$1,336,481$1,275,790$1,597,116
58$1,682,954$1,367,993$1,284,555$1,695,165
59$1,819,570$1,399,980$1,292,542$1,801,786
60$1,969,018$1,432,430$1,299,693$1,917,829
61$2,132,570$1,465,331$1,305,945$2,044,232
62$2,311,630$1,498,670$1,311,232$2,182,026
63$2,507,742$1,532,432$1,315,485$2,332,351
64$2,722,608$1,566,597$1,318,630$2,496,460
65$2,958,102$1,601,148$1,320,592$2,675,735
66$3,216,286$1,636,062$1,321,289$2,871,701
67$3,499,433$1,671,315$1,320,638$3,086,035
68$3,810,047$1,706,881$1,318,551$3,320,589
69$4,150,883$1,742,730$1,314,935$3,577,401
70$4,524,980$1,778,830$1,309,692$3,858,719
71$4,935,682$1,815,147$1,302,720$4,167,021
72$5,386,674$1,851,641$1,293,914$4,505,037
73$5,882,015$1,888,272$1,283,160$4,875,775
74$6,426,176$1,924,993$1,270,342$5,282,553
75$7,024,085$1,961,756$1,255,336$5,729,025
76$7,681,166$1,998,507$1,238,015$6,219,222
77$8,403,400$2,035,189$1,218,243$6,757,582
78$9,197,372$2,071,739$1,195,880$7,349,001
79$10,070,340$2,108,089$1,170,777$7,998,871
80$11,030,297$2,144,168$1,142,781$8,713,139
81$12,086,053$2,179,898$1,111,730$9,498,357
82$13,247,312$2,215,195$1,077,454$10,361,746
83$14,524,766$2,249,968$1,039,777$11,311,266
84$15,930,197$2,284,121$998,515$12,355,690
85$17,476,585$2,317,551$953,473$13,504,686
86$19,178,231$2,350,146$904,449$14,768,911
87$21,050,896$2,381,788$851,233$16,160,110
88$23,111,941$2,412,350$793,604$17,691,226
89$25,380,500$2,441,695$731,330$19,376,526
90$27,877,653$2,469,680$664,171$21,231,734
91$30,626,627$2,496,148$591,875$23,274,179
92$33,653,019$2,520,936$514,179$25,522,960
93$36,985,031$2,543,866$430,808$27,999,126
94$40,653,740$2,564,750$341,475$30,725,876
95$44,693,388$2,583,390$245,881$33,728,777
96$49,141,709$2,599,571$143,714$37,036,009
97$54,040,280$2,613,067$34,645$40,678,626
98$59,434,919$2,623,638$0$44,690,855
99$65,376,111$2,631,026$0$49,133,095
100$71,919,487$2,634,959$0$54,035,971