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

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$103,224$102,304$101,407$100,532$99,677$95,760
2 years$51,101$50,149$49,227$48,333$47,465$43,567
3 years$33,729$32,773$31,853$30,967$30,114$26,357
4 years$25,045$24,092$23,181$22,310$21,477$17,890
5 years$19,835$18,888$17,989$17,136$16,327$12,919
6 years$16,364$15,424$14,538$13,704$12,919$9,692
7 years$13,885$12,953$12,081$11,267$10,506$7,460
8 years$12,027$11,103$10,246$9,451$8,716$5,847
9 years$10,582$9,667$8,825$8,051$7,340$4,644
10 years$9,427$8,521$7,694$6,940$6,254$3,726
11 years$8,483$7,586$6,773$6,040$5,379$3,012
12 years$7,696$6,809$6,011$5,298$4,661$2,450
13 years$7,031$6,153$5,371$4,677$4,065$2,002
14 years$6,462$5,593$4,825$4,152$3,563$1,643
15 years$5,969$5,109$4,357$3,703$3,137$1,352
16 years$5,538$4,688$3,950$3,315$2,773$1,115
17 years$5,158$4,317$3,594$2,979$2,458$922
18 years$4,821$3,989$3,281$2,684$2,186$763
19 years$4,519$3,697$3,004$2,426$1,948$633
20 years$4,248$3,436$2,757$2,197$1,740$526
21 years$4,004$3,200$2,536$1,994$1,557$437
22 years$3,781$2,987$2,337$1,813$1,396$363
23 years$3,579$2,794$2,158$1,651$1,253$302
24 years$3,393$2,618$1,996$1,506$1,126$252
25 years$3,223$2,457$1,848$1,375$1,014$210
26 years$3,066$2,309$1,714$1,257$913$175
27 years$2,921$2,173$1,592$1,151$823$145
28 years$2,786$2,047$1,480$1,054$743$121
29 years$2,661$1,931$1,377$967$671$101
30 years$2,544$1,824$1,283$887$606$84
31 years$2,436$1,724$1,196$815$548$70
32 years$2,334$1,632$1,116$749$496$59
33 years$2,239$1,545$1,042$689$448$49
34 years$2,149$1,464$973$634$406$41
35 years$2,065$1,389$910$583$368$34
36 years$1,985$1,318$851$537$333$28
37 years$1,910$1,252$797$495$302$24
38 years$1,840$1,190$746$456$274$20
39 years$1,772$1,132$699$421$248$17
40 years$1,709$1,077$655$388$225$14
41 years$1,649$1,025$614$358$204$12
42 years$1,591$976$576$330$185$10
43 years$1,537$930$541$305$168$8
44 years$1,485$886$508$282$153$7
45 years$1,436$845$477$260$139$6
46 years$1,389$806$448$240$126$5
47 years$1,344$770$421$222$114$4
48 years$1,301$735$395$205$104$3
49 years$1,260$702$372$190$94$3
50 years$1,220$670$349$175$86$2

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 $3,231 every year, while hoping to spend $26,200 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: 42/29/29 Blend
54$1,250,000$1,250,000$1,250,000$1,250,000
55$1,380,833$1,314,583$1,295,208$1,426,985
56$1,493,801$1,351,121$1,310,721$1,497,119
57$1,617,414$1,388,571$1,325,875$1,570,326
58$1,752,730$1,426,950$1,340,631$1,649,114
59$1,900,914$1,466,276$1,354,948$1,734,016
60$2,063,248$1,506,565$1,368,780$1,825,617
61$2,241,147$1,547,834$1,382,082$1,924,563
62$2,436,166$1,590,100$1,394,803$2,031,565
63$2,650,019$1,633,379$1,406,893$2,147,405
64$2,884,594$1,677,688$1,418,298$2,272,945
65$3,141,971$1,723,043$1,428,958$2,409,137
66$3,424,439$1,769,459$1,438,815$2,557,027
67$3,734,521$1,816,952$1,447,805$2,717,768
68$4,074,997$1,865,537$1,455,861$2,892,630
69$4,448,927$1,915,229$1,462,913$3,083,015
70$4,859,684$1,966,041$1,468,887$3,290,466
71$5,310,982$2,017,988$1,473,705$3,516,682
72$5,806,915$2,071,082$1,477,287$3,763,538
73$6,351,990$2,125,335$1,479,546$4,033,099
74$6,951,175$2,180,759$1,480,393$4,327,639
75$7,609,943$2,237,364$1,479,734$4,649,668
76$8,334,322$2,295,159$1,477,470$5,001,949
77$9,130,955$2,354,154$1,473,498$5,387,528
78$10,007,160$2,414,356$1,467,708$5,809,761
79$10,971,001$2,475,770$1,459,986$6,272,350
80$12,031,362$2,538,401$1,450,214$6,779,371
81$13,198,031$2,602,252$1,438,267$7,335,319
82$14,481,793$2,667,326$1,424,012$7,945,147
83$15,894,532$2,733,622$1,407,313$8,614,313
84$17,449,343$2,801,137$1,388,026$9,348,835
85$19,160,651$2,869,868$1,366,000$10,155,344
86$21,044,354$2,939,808$1,341,077$11,041,148
87$23,117,968$3,010,949$1,313,094$12,014,303
88$25,400,794$3,083,279$1,281,876$13,083,687
89$27,914,100$3,156,784$1,247,243$14,259,084
90$30,681,319$3,231,448$1,209,007$15,551,280
91$33,728,274$3,307,249$1,166,969$16,972,161
92$37,083,418$3,384,164$1,120,923$18,534,828
93$40,778,105$3,462,167$1,070,652$20,253,718
94$44,846,884$3,541,225$1,015,931$22,144,746
95$49,327,825$3,621,303$956,523$24,225,450
96$54,262,878$3,702,362$892,181$26,515,161
97$59,698,270$3,784,357$822,649$29,035,185
98$65,684,941$3,867,238$747,654$31,809,001
99$72,279,022$3,950,949$666,918$34,862,489
100$79,542,367$4,035,430$580,144$38,224,170