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%16.6%
1 years$101,572$100,667$99,785$98,923$98,082$95,440
2 years$50,283$49,347$48,439$47,559$46,706$44,063
3 years$33,189$32,249$31,343$30,472$29,632$27,071
4 years$24,644$23,706$22,810$21,953$21,134$18,674
5 years$19,518$18,586$17,701$16,862$16,066$13,714
6 years$16,102$15,177$14,305$13,485$12,712$10,471
7 years$13,663$12,745$11,888$11,087$10,338$8,208
8 years$11,834$10,925$10,082$9,300$8,577$6,556
9 years$10,413$9,512$8,683$7,922$7,223$5,310
10 years$9,276$8,385$7,570$6,829$6,154$4,347
11 years$8,347$7,464$6,665$5,943$5,293$3,588
12 years$7,573$6,700$5,915$5,213$4,587$2,981
13 years$6,919$6,055$5,285$4,602$4,000$2,490
14 years$6,359$5,503$4,748$4,085$3,506$2,089
15 years$5,873$5,027$4,287$3,643$3,087$1,758
16 years$5,449$4,613$3,887$3,262$2,728$1,484
17 years$5,076$4,248$3,537$2,931$2,419$1,256
18 years$4,744$3,925$3,229$2,641$2,151$1,065
19 years$4,447$3,638$2,956$2,387$1,917$905
20 years$4,180$3,381$2,713$2,162$1,712$770
21 years$3,939$3,149$2,495$1,962$1,532$656
22 years$3,721$2,939$2,300$1,784$1,374$559
23 years$3,521$2,749$2,123$1,625$1,233$477
24 years$3,339$2,576$1,964$1,482$1,108$407
25 years$3,171$2,417$1,819$1,353$997$348
26 years$3,017$2,272$1,687$1,237$898$298
27 years$2,874$2,138$1,566$1,132$810$255
28 years$2,741$2,015$1,456$1,038$731$218
29 years$2,618$1,901$1,355$951$660$186
30 years$2,504$1,795$1,262$873$596$160
31 years$2,397$1,697$1,177$802$539$137
32 years$2,297$1,606$1,098$737$488$117
33 years$2,203$1,520$1,025$678$441$100
34 years$2,115$1,441$958$624$400$86
35 years$2,032$1,367$895$574$362$74
36 years$1,954$1,297$838$529$328$63
37 years$1,880$1,232$784$487$297$54
38 years$1,810$1,171$734$449$269$46
39 years$1,744$1,113$688$414$244$40
40 years$1,682$1,059$645$382$222$34
41 years$1,622$1,008$605$352$201$29
42 years$1,566$960$567$325$182$25
43 years$1,512$915$532$300$166$21
44 years$1,461$872$500$277$150$18
45 years$1,413$832$469$256$136$16
46 years$1,366$793$441$236$124$14
47 years$1,322$757$414$218$112$12
48 years$1,280$723$389$202$102$10
49 years$1,240$690$366$187$93$9
50 years$1,201$659$344$172$84$7

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 $2,823 every year, while hoping to spend $46,193 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: 60/28/12 Blend
54$1,230,000$1,230,000$1,230,000$1,230,000
55$1,358,372$1,293,182$1,274,117$1,435,775
56$1,447,777$1,307,399$1,267,651$1,502,373
57$1,544,753$1,320,764$1,259,420$1,569,521
58$1,650,024$1,333,187$1,249,316$1,641,648
59$1,764,385$1,344,572$1,237,227$1,719,238
60$1,888,711$1,354,816$1,223,034$1,802,825
61$2,023,967$1,363,808$1,206,612$1,892,999
62$2,171,210$1,371,434$1,187,832$1,990,410
63$2,331,607$1,377,568$1,166,559$2,095,775
64$2,506,442$1,382,080$1,142,649$2,209,887
65$2,697,125$1,384,828$1,115,954$2,333,620
66$2,905,212$1,385,664$1,086,318$2,467,939
67$3,132,412$1,384,430$1,053,578$2,613,907
68$3,380,608$1,380,958$1,017,564$2,772,701
69$3,651,875$1,375,069$978,097$2,945,615
70$3,948,494$1,366,575$934,991$3,134,082
71$4,272,978$1,355,275$888,050$3,339,678
72$4,628,094$1,340,956$837,072$3,564,148
73$5,016,889$1,323,392$781,844$3,809,411
74$5,442,718$1,302,345$722,142$4,077,590
75$5,909,276$1,277,560$657,734$4,371,025
76$6,420,632$1,248,771$588,378$4,692,296
77$6,981,268$1,215,692$513,820$5,044,253
78$7,596,118$1,178,022$433,795$5,430,037
79$8,270,621$1,135,444$348,026$5,853,117
80$9,010,764$1,087,620$256,224$6,317,317
81$9,823,142$1,034,193$158,087$6,826,855
82$10,715,020$974,787$53,301$7,386,386
83$11,694,403$909,002$0$8,001,045
84$12,770,107$836,418$0$8,683,987
85$13,951,842$756,587$0$9,441,736
86$15,250,309$669,038$0$10,274,396
87$16,677,294$573,274$0$11,189,614
88$18,245,782$468,769$0$12,195,820
89$19,970,079$354,966$0$13,302,311
90$21,865,946$231,278$0$14,519,335
91$23,950,747$97,086$0$15,858,190
92$26,243,614$0$0$17,331,334
93$28,765,626$0$0$18,967,373
94$31,540,004$0$0$20,800,140
95$34,592,339$0$0$22,816,639
96$37,950,822$0$0$25,035,509
97$41,646,518$0$0$27,477,290
98$45,713,652$0$0$30,164,609
99$50,189,939$0$0$33,122,400
100$55,116,933$0$0$36,378,138