Can I retire at age 55 with 1,250,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$103,224$102,304$101,407$100,532$99,677$99,049
2 years$51,101$50,149$49,227$48,333$47,465$46,831
3 years$33,729$32,773$31,853$30,967$30,114$29,494
4 years$25,045$24,092$23,181$22,310$21,477$20,877
5 years$19,835$18,888$17,989$17,136$16,327$15,747
6 years$16,364$15,424$14,538$13,704$12,919$12,360
7 years$13,885$12,953$12,081$11,267$10,506$9,970
8 years$12,027$11,103$10,246$9,451$8,716$8,201
9 years$10,582$9,667$8,825$8,051$7,340$6,847
10 years$9,427$8,521$7,694$6,940$6,254$5,782
11 years$8,483$7,586$6,773$6,040$5,379$4,928
12 years$7,696$6,809$6,011$5,298$4,661$4,231
13 years$7,031$6,153$5,371$4,677$4,065$3,654
14 years$6,462$5,593$4,825$4,152$3,563$3,173
15 years$5,969$5,109$4,357$3,703$3,137$2,766
16 years$5,538$4,688$3,950$3,315$2,773$2,420
17 years$5,158$4,317$3,594$2,979$2,458$2,124
18 years$4,821$3,989$3,281$2,684$2,186$1,869
19 years$4,519$3,697$3,004$2,426$1,948$1,648
20 years$4,248$3,436$2,757$2,197$1,740$1,456
21 years$4,004$3,200$2,536$1,994$1,557$1,289
22 years$3,781$2,987$2,337$1,813$1,396$1,143
23 years$3,579$2,794$2,158$1,651$1,253$1,015
24 years$3,393$2,618$1,996$1,506$1,126$902
25 years$3,223$2,457$1,848$1,375$1,014$802
26 years$3,066$2,309$1,714$1,257$913$714
27 years$2,921$2,173$1,592$1,151$823$636
28 years$2,786$2,047$1,480$1,054$743$567
29 years$2,661$1,931$1,377$967$671$506
30 years$2,544$1,824$1,283$887$606$452
31 years$2,436$1,724$1,196$815$548$404
32 years$2,334$1,632$1,116$749$496$361
33 years$2,239$1,545$1,042$689$448$323
34 years$2,149$1,464$973$634$406$288
35 years$2,065$1,389$910$583$368$258
36 years$1,985$1,318$851$537$333$231
37 years$1,910$1,252$797$495$302$207
38 years$1,840$1,190$746$456$274$185
39 years$1,772$1,132$699$421$248$166
40 years$1,709$1,077$655$388$225$148
41 years$1,649$1,025$614$358$204$133
42 years$1,591$976$576$330$185$119
43 years$1,537$930$541$305$168$107
44 years$1,485$886$508$282$153$96
45 years$1,436$845$477$260$139$86
46 years$1,389$806$448$240$126$77
47 years$1,344$770$421$222$114$69
48 years$1,301$735$395$205$104$62
49 years$1,260$702$372$190$94$55
50 years$1,220$670$349$175$86$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,250,000, adding $6,178 every year, while hoping to spend $54,109 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: 37/44/19 Blend
54$1,250,000$1,250,000$1,250,000$1,250,000
55$1,383,873$1,317,623$1,298,248$1,426,934
56$1,467,456$1,324,615$1,284,167$1,465,676
57$1,557,752$1,330,136$1,267,802$1,501,946
58$1,655,386$1,334,057$1,249,018$1,540,000
59$1,761,051$1,336,240$1,227,674$1,580,027
60$1,875,502$1,336,540$1,203,626$1,622,241
61$1,999,575$1,334,802$1,176,719$1,666,879
62$2,134,185$1,330,861$1,146,793$1,714,208
63$2,280,341$1,324,543$1,113,679$1,764,527
64$2,439,152$1,315,661$1,077,204$1,818,167
65$2,611,838$1,304,021$1,037,182$1,875,498
66$2,799,740$1,289,412$993,422$1,936,935
67$3,004,334$1,271,615$945,723$2,002,938
68$3,227,247$1,250,395$893,876$2,074,021
69$3,470,266$1,225,503$837,660$2,150,754
70$3,735,359$1,196,679$776,847$2,233,776
71$4,024,691$1,163,642$711,197$2,323,792
72$4,340,648$1,126,098$640,461$2,421,591
73$4,685,854$1,083,737$564,376$2,528,048
74$5,063,198$1,036,227$482,669$2,644,135
75$5,475,861$983,220$395,056$2,770,933
76$5,927,348$924,346$301,239$2,909,640
77$6,421,514$859,215$200,907$3,061,590
78$6,962,606$787,415$93,736$3,228,258
79$7,555,302$708,508$0$3,411,285
80$8,204,752$622,035$0$3,616,672
81$8,916,629$527,506$0$3,862,803
82$9,697,179$424,408$0$4,132,964
83$10,553,283$312,196$0$4,429,709
84$11,492,521$190,296$0$4,755,862
85$12,523,238$58,101$0$5,114,546
86$13,654,632$0$0$5,509,214
87$14,896,828$0$0$5,984,853
88$16,260,986$0$0$6,538,266
89$17,759,396$0$0$7,146,329
90$19,405,597$0$0$7,814,562
91$21,214,504$0$0$8,549,043
92$23,202,550$0$0$9,356,469
93$25,387,839$0$0$10,244,218
94$27,790,313$0$0$11,220,419
95$30,431,947$0$0$12,294,029
96$33,336,949$0$0$13,474,914
97$36,531,991$0$0$14,773,947
98$40,046,459$0$0$16,203,105
99$43,912,731$0$0$17,775,588
100$48,166,481$0$0$19,505,936