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%13.1%
1 years$101,572$100,667$99,785$98,923$98,082$96,816
2 years$50,283$49,347$48,439$47,559$46,706$45,432
3 years$33,189$32,249$31,343$30,472$29,632$28,390
4 years$24,644$23,706$22,810$21,953$21,134$19,934
5 years$19,518$18,586$17,701$16,862$16,066$14,911
6 years$16,102$15,177$14,305$13,485$12,712$11,603
7 years$13,663$12,745$11,888$11,087$10,338$9,276
8 years$11,834$10,925$10,082$9,300$8,577$7,561
9 years$10,413$9,512$8,683$7,922$7,223$6,254
10 years$9,276$8,385$7,570$6,829$6,154$5,231
11 years$8,347$7,464$6,665$5,943$5,293$4,414
12 years$7,573$6,700$5,915$5,213$4,587$3,751
13 years$6,919$6,055$5,285$4,602$4,000$3,207
14 years$6,359$5,503$4,748$4,085$3,506$2,755
15 years$5,873$5,027$4,287$3,643$3,087$2,376
16 years$5,449$4,613$3,887$3,262$2,728$2,056
17 years$5,076$4,248$3,537$2,931$2,419$1,785
18 years$4,744$3,925$3,229$2,641$2,151$1,553
19 years$4,447$3,638$2,956$2,387$1,917$1,354
20 years$4,180$3,381$2,713$2,162$1,712$1,182
21 years$3,939$3,149$2,495$1,962$1,532$1,034
22 years$3,721$2,939$2,300$1,784$1,374$906
23 years$3,521$2,749$2,123$1,625$1,233$794
24 years$3,339$2,576$1,964$1,482$1,108$697
25 years$3,171$2,417$1,819$1,353$997$613
26 years$3,017$2,272$1,687$1,237$898$539
27 years$2,874$2,138$1,566$1,132$810$474
28 years$2,741$2,015$1,456$1,038$731$417
29 years$2,618$1,901$1,355$951$660$367
30 years$2,504$1,795$1,262$873$596$324
31 years$2,397$1,697$1,177$802$539$285
32 years$2,297$1,606$1,098$737$488$252
33 years$2,203$1,520$1,025$678$441$222
34 years$2,115$1,441$958$624$400$196
35 years$2,032$1,367$895$574$362$173
36 years$1,954$1,297$838$529$328$153
37 years$1,880$1,232$784$487$297$135
38 years$1,810$1,171$734$449$269$119
39 years$1,744$1,113$688$414$244$105
40 years$1,682$1,059$645$382$222$93
41 years$1,622$1,008$605$352$201$82
42 years$1,566$960$567$325$182$72
43 years$1,512$915$532$300$166$64
44 years$1,461$872$500$277$150$57
45 years$1,413$832$469$256$136$50
46 years$1,366$793$441$236$124$44
47 years$1,322$757$414$218$112$39
48 years$1,280$723$389$202$102$35
49 years$1,240$690$366$187$93$31
50 years$1,201$659$344$172$84$27

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 $2,430 every year, while hoping to spend $25,065 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: 63/17/20 Blend
54$1,230,000$1,230,000$1,230,000$1,230,000
55$1,357,967$1,292,777$1,273,712$1,436,400
56$1,469,810$1,329,454$1,289,712$1,526,210
57$1,592,222$1,367,088$1,305,408$1,621,218
58$1,726,253$1,405,700$1,320,764$1,724,398
59$1,873,061$1,445,309$1,335,740$1,836,552
60$2,033,922$1,485,938$1,350,296$1,958,558
61$2,210,240$1,527,607$1,364,388$2,091,387
62$2,403,561$1,570,336$1,377,972$2,236,108
63$2,615,589$1,614,147$1,390,999$2,393,896
64$2,848,200$1,659,061$1,403,418$2,566,048
65$3,103,460$1,705,100$1,415,177$2,753,991
66$3,383,647$1,752,283$1,426,219$2,959,298
67$3,691,267$1,800,633$1,436,486$3,183,702
68$4,029,083$1,850,171$1,445,915$3,429,111
69$4,400,137$1,900,917$1,454,441$3,697,627
70$4,807,782$1,952,893$1,461,995$3,991,569
71$5,255,709$2,006,118$1,468,505$4,313,487
72$5,747,988$2,060,614$1,473,896$4,666,195
73$6,289,098$2,116,400$1,478,088$5,052,790
74$6,883,979$2,173,497$1,480,997$5,476,689
75$7,538,070$2,231,923$1,482,535$5,941,651
76$8,257,363$2,291,697$1,482,610$6,451,823
77$9,048,463$2,352,839$1,481,126$7,011,772
78$9,918,643$2,415,365$1,477,981$7,626,531
79$10,875,920$2,479,293$1,473,068$8,301,647
80$11,929,124$2,544,639$1,466,276$9,043,230
81$13,087,987$2,611,418$1,457,489$9,858,014
82$14,363,230$2,679,646$1,446,583$10,753,422
83$15,766,666$2,749,335$1,433,430$11,737,630
84$17,311,311$2,820,498$1,417,896$12,819,649
85$19,011,509$2,893,146$1,399,839$14,009,410
86$20,883,061$2,967,289$1,379,112$15,317,855
87$22,943,382$3,042,935$1,355,561$16,757,044
88$25,211,659$3,120,090$1,329,024$18,340,266
89$27,709,033$3,198,760$1,299,331$20,082,165
90$30,458,802$3,278,947$1,266,306$21,998,878
91$33,486,636$3,360,651$1,229,764$24,108,190
92$36,820,821$3,443,872$1,189,509$26,429,699
93$40,492,528$3,528,604$1,145,341$28,985,002
94$44,536,102$3,614,842$1,097,046$31,797,900
95$48,989,391$3,702,576$1,044,403$34,894,621
96$53,894,100$3,791,793$987,181$38,304,070
97$59,296,184$3,882,476$925,138$42,058,098
98$65,246,284$3,974,608$858,020$46,191,809
99$71,800,205$4,068,163$785,563$50,743,886
100$79,019,437$4,163,114$707,491$55,756,958