Can I retire at age 55 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$101,572$100,667$99,785$98,923$98,082$96,338
2 years$50,283$49,347$48,439$47,559$46,706$44,955
3 years$33,189$32,249$31,343$30,472$29,632$27,929
4 years$24,644$23,706$22,810$21,953$21,134$19,491
5 years$19,518$18,586$17,701$16,862$16,066$14,488
6 years$16,102$15,177$14,305$13,485$12,712$11,202
7 years$13,663$12,745$11,888$11,087$10,338$8,895
8 years$11,834$10,925$10,082$9,300$8,577$7,201
9 years$10,413$9,512$8,683$7,922$7,223$5,913
10 years$9,276$8,385$7,570$6,829$6,154$4,910
11 years$8,347$7,464$6,665$5,943$5,293$4,112
12 years$7,573$6,700$5,915$5,213$4,587$3,468
13 years$6,919$6,055$5,285$4,602$4,000$2,942
14 years$6,359$5,503$4,748$4,085$3,506$2,507
15 years$5,873$5,027$4,287$3,643$3,087$2,144
16 years$5,449$4,613$3,887$3,262$2,728$1,840
17 years$5,076$4,248$3,537$2,931$2,419$1,583
18 years$4,744$3,925$3,229$2,641$2,151$1,366
19 years$4,447$3,638$2,956$2,387$1,917$1,180
20 years$4,180$3,381$2,713$2,162$1,712$1,022
21 years$3,939$3,149$2,495$1,962$1,532$886
22 years$3,721$2,939$2,300$1,784$1,374$769
23 years$3,521$2,749$2,123$1,625$1,233$668
24 years$3,339$2,576$1,964$1,482$1,108$581
25 years$3,171$2,417$1,819$1,353$997$505
26 years$3,017$2,272$1,687$1,237$898$440
27 years$2,874$2,138$1,566$1,132$810$384
28 years$2,741$2,015$1,456$1,038$731$334
29 years$2,618$1,901$1,355$951$660$292
30 years$2,504$1,795$1,262$873$596$255
31 years$2,397$1,697$1,177$802$539$222
32 years$2,297$1,606$1,098$737$488$194
33 years$2,203$1,520$1,025$678$441$169
34 years$2,115$1,441$958$624$400$148
35 years$2,032$1,367$895$574$362$129
36 years$1,954$1,297$838$529$328$113
37 years$1,880$1,232$784$487$297$99
38 years$1,810$1,171$734$449$269$86
39 years$1,744$1,113$688$414$244$75
40 years$1,682$1,059$645$382$222$66
41 years$1,622$1,008$605$352$201$58
42 years$1,566$960$567$325$182$50
43 years$1,512$915$532$300$166$44
44 years$1,461$872$500$277$150$39
45 years$1,413$832$469$256$136$34
46 years$1,366$793$441$236$124$30
47 years$1,322$757$414$218$112$26
48 years$1,280$723$389$202$102$23
49 years$1,240$690$366$187$93$20
50 years$1,201$659$344$172$84$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,230,000, adding $5,636 every year, while hoping to spend $44,808 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: 55/30/15 Blend
54$1,230,000$1,230,000$1,230,000$1,230,000
55$1,361,274$1,296,084$1,277,019$1,430,474
56$1,452,448$1,311,916$1,272,123$1,494,015
57$1,551,421$1,327,023$1,265,562$1,557,853
58$1,658,939$1,341,321$1,257,232$1,626,346
59$1,775,827$1,354,722$1,247,026$1,699,947
60$1,902,989$1,367,131$1,234,829$1,779,159
61$2,041,422$1,378,448$1,220,523$1,864,536
62$2,192,220$1,388,565$1,203,984$1,956,688
63$2,356,592$1,397,370$1,185,083$2,056,292
64$2,535,863$1,404,740$1,163,682$2,164,091
65$2,731,496$1,410,547$1,139,640$2,280,910
66$2,945,097$1,414,653$1,112,807$2,407,657
67$3,178,439$1,416,912$1,083,027$2,545,335
68$3,433,468$1,417,170$1,050,137$2,695,051
69$3,712,332$1,415,261$1,013,967$2,858,027
70$4,017,392$1,411,011$974,337$3,035,614
71$4,351,250$1,404,235$931,062$3,229,300
72$4,716,771$1,394,735$883,945$3,440,729
73$5,117,107$1,382,303$832,783$3,671,717
74$5,555,734$1,366,718$777,363$3,924,265
75$6,036,476$1,347,744$717,462$4,200,585
76$6,563,547$1,325,134$652,847$4,503,115
77$7,141,586$1,298,623$583,275$4,834,548
78$7,775,705$1,267,932$508,492$5,197,854
79$8,471,533$1,232,767$428,233$5,596,312
80$9,235,270$1,192,814$342,219$6,033,538
81$10,073,748$1,147,742$250,164$6,513,524
82$10,994,489$1,097,200$151,763$7,040,672
83$12,005,782$1,040,818$46,703$7,619,842
84$13,116,758$978,204$0$8,256,392
85$14,337,474$908,943$0$8,966,706
86$15,679,012$832,596$0$9,755,493
87$17,153,579$748,701$0$10,622,525
88$18,774,624$656,767$0$11,575,797
89$20,556,963$556,277$0$12,624,128
90$22,516,923$446,684$0$13,777,240
91$24,672,487$327,409$0$15,045,850
92$27,043,472$197,844$0$16,441,778
93$29,651,711$57,343$0$17,978,053
94$32,521,260$0$0$19,669,040
95$35,678,622$0$0$21,561,865
96$39,153,001$0$0$23,665,703
97$42,976,574$0$0$25,981,126
98$47,184,796$0$0$28,529,619
99$51,816,732$0$0$31,334,859
100$56,915,426$0$0$34,422,933