Can I retire at age 55 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$100,746$99,849$98,974$98,119$97,285$96,269
2 years$49,874$48,946$48,045$47,173$46,326$45,303
3 years$32,919$31,987$31,089$30,224$29,391$28,393
4 years$24,443$23,513$22,625$21,775$20,962$19,996
5 years$19,359$18,435$17,558$16,725$15,935$15,004
6 years$15,971$15,053$14,189$13,375$12,609$11,714
7 years$13,552$12,642$11,791$10,996$10,254$9,396
8 years$11,738$10,836$10,000$9,225$8,507$7,685
9 years$10,328$9,435$8,613$7,857$7,164$6,379
10 years$9,201$8,317$7,509$6,773$6,104$5,355
11 years$8,279$7,404$6,611$5,895$5,250$4,535
12 years$7,512$6,645$5,867$5,170$4,549$3,869
13 years$6,863$6,005$5,242$4,565$3,967$3,321
14 years$6,307$5,459$4,710$4,052$3,478$2,864
15 years$5,826$4,987$4,252$3,614$3,062$2,480
16 years$5,405$4,575$3,855$3,236$2,706$2,155
17 years$5,034$4,213$3,508$2,907$2,399$1,878
18 years$4,705$3,893$3,202$2,620$2,133$1,641
19 years$4,411$3,608$2,932$2,367$1,902$1,437
20 years$4,146$3,353$2,691$2,144$1,699$1,261
21 years$3,907$3,123$2,475$1,946$1,520$1,108
22 years$3,690$2,915$2,281$1,769$1,362$975
23 years$3,493$2,727$2,106$1,611$1,223$859
24 years$3,312$2,555$1,948$1,470$1,099$757
25 years$3,145$2,398$1,804$1,342$989$668
26 years$2,992$2,253$1,673$1,227$891$591
27 years$2,850$2,121$1,554$1,123$803$522
28 years$2,719$1,998$1,444$1,029$725$462
29 years$2,597$1,885$1,344$944$655$409
30 years$2,483$1,780$1,252$866$591$362
31 years$2,377$1,683$1,167$795$535$321
32 years$2,278$1,592$1,089$731$484$284
33 years$2,185$1,508$1,017$672$438$252
34 years$2,097$1,429$950$619$396$223
35 years$2,015$1,356$888$569$359$198
36 years$1,938$1,287$831$524$325$176
37 years$1,864$1,222$778$483$295$156
38 years$1,795$1,161$728$445$267$139
39 years$1,730$1,104$682$411$242$123
40 years$1,668$1,051$640$379$220$109
41 years$1,609$1,000$600$349$199$97
42 years$1,553$953$563$323$181$86
43 years$1,500$908$528$298$164$76
44 years$1,450$865$495$275$149$68
45 years$1,401$825$465$254$135$60
46 years$1,355$787$437$234$123$54
47 years$1,312$751$411$217$112$48
48 years$1,270$717$386$200$101$42
49 years$1,230$685$363$185$92$38
50 years$1,191$654$341$171$84$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,220,000, adding $5,808 every year, while hoping to spend $56,564 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: 73/7/20 Blend
54$1,220,000$1,220,000$1,220,000$1,220,000
55$1,350,431$1,285,771$1,266,861$1,442,135
56$1,427,991$1,288,590$1,249,117$1,506,666
57$1,511,567$1,289,652$1,228,883$1,569,956
58$1,601,712$1,288,810$1,206,016$1,637,851
59$1,699,034$1,285,909$1,180,365$1,710,798
60$1,804,203$1,280,786$1,151,775$1,789,293
61$1,917,953$1,273,266$1,120,080$1,873,878
62$2,041,092$1,263,163$1,085,110$1,965,155
63$2,174,507$1,250,282$1,046,685$2,063,787
64$2,319,175$1,234,414$1,004,618$2,170,505
65$2,476,169$1,215,339$958,711$2,286,117
66$2,646,671$1,192,823$908,761$2,411,513
67$2,831,979$1,166,619$854,552$2,547,675
68$3,033,522$1,136,464$795,860$2,695,688
69$3,252,871$1,102,081$732,452$2,856,748
70$3,491,757$1,063,176$664,082$3,032,173
71$3,752,083$1,019,439$590,495$3,223,420
72$4,035,944$970,539$511,424$3,432,095
73$4,345,644$916,129$426,591$3,659,970
74$4,683,722$855,842$335,704$3,908,998
75$5,052,970$789,287$238,459$4,181,336
76$5,456,464$716,053$134,539$4,479,363
77$5,897,590$635,706$23,612$4,805,700
78$6,380,075$547,786$0$5,163,243
79$6,908,022$451,807$0$5,575,406
80$7,485,950$347,256$0$6,032,177
81$8,118,837$233,592$0$6,532,475
82$8,812,162$110,241$0$7,080,667
83$9,571,960$0$0$7,681,562
84$10,404,878$0$0$8,342,263
85$11,318,235$0$0$9,076,139
86$12,320,095$0$0$9,881,184
87$13,419,337$0$0$10,764,540
88$14,625,744$0$0$11,734,077
89$15,950,090$0$0$12,798,460
90$17,404,243$0$0$13,967,237
91$19,001,278$0$0$15,250,923
92$20,755,598$0$0$16,661,106
93$22,683,068$0$0$18,210,546
94$24,801,168$0$0$19,913,305
95$27,129,153$0$0$21,784,871
96$29,688,238$0$0$23,842,310
97$32,501,795$0$0$26,104,423
98$35,595,574$0$0$28,591,922
99$38,997,944$0$0$31,327,629
100$42,740,161$0$0$34,336,686