Can I retire at age 55 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$104,050$103,123$102,219$101,336$100,474$98,932
2 years$51,510$50,550$49,621$48,719$47,845$46,295
3 years$33,999$33,035$32,108$31,215$30,355$28,845
4 years$25,245$24,284$23,366$22,489$21,649$20,192
5 years$19,994$19,039$18,133$17,273$16,457$15,056
6 years$16,495$15,547$14,654$13,814$13,022$11,679
7 years$13,996$13,056$12,178$11,357$10,591$9,305
8 years$12,123$11,192$10,328$9,527$8,786$7,559
9 years$10,667$9,744$8,895$8,115$7,399$6,229
10 years$9,502$8,589$7,755$6,995$6,304$5,191
11 years$8,551$7,646$6,827$6,088$5,422$4,364
12 years$7,758$6,863$6,059$5,340$4,699$3,695
13 years$7,088$6,202$5,414$4,714$4,097$3,147
14 years$6,514$5,638$4,864$4,185$3,592$2,692
15 years$6,017$5,150$4,392$3,732$3,162$2,312
16 years$5,582$4,725$3,982$3,342$2,795$1,993
17 years$5,199$4,352$3,623$3,003$2,478$1,722
18 years$4,859$4,021$3,307$2,706$2,203$1,492
19 years$4,555$3,727$3,028$2,445$1,964$1,295
20 years$4,282$3,463$2,779$2,214$1,754$1,126
21 years$4,036$3,226$2,556$2,010$1,570$980
22 years$3,811$3,011$2,356$1,827$1,407$855
23 years$3,607$2,816$2,175$1,664$1,263$746
24 years$3,420$2,639$2,012$1,518$1,135$652
25 years$3,248$2,476$1,863$1,386$1,022$570
26 years$3,090$2,327$1,728$1,267$920$499
27 years$2,944$2,190$1,605$1,160$830$437
28 years$2,808$2,064$1,492$1,063$749$383
29 years$2,682$1,947$1,388$975$676$335
30 years$2,565$1,839$1,293$895$611$294
31 years$2,455$1,738$1,205$822$552$258
32 years$2,353$1,645$1,125$755$500$226
33 years$2,256$1,558$1,050$694$452$199
34 years$2,166$1,476$981$639$409$174
35 years$2,081$1,400$917$588$371$153
36 years$2,001$1,329$858$542$336$135
37 years$1,926$1,262$803$499$304$118
38 years$1,854$1,200$752$460$276$104
39 years$1,787$1,141$705$424$250$91
40 years$1,723$1,085$660$391$227$80
41 years$1,662$1,033$619$361$206$70
42 years$1,604$984$581$333$187$62
43 years$1,549$937$545$307$170$54
44 years$1,497$894$512$284$154$48
45 years$1,447$852$480$262$140$42
46 years$1,400$813$451$242$127$37
47 years$1,355$776$424$224$115$33
48 years$1,311$740$398$207$105$29
49 years$1,270$707$374$191$95$25
50 years$1,230$675$352$177$86$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,260,000, adding $3,989 every year, while hoping to spend $34,559 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: 59/34/7 Blend
54$1,260,000$1,260,000$1,260,000$1,260,000
55$1,392,635$1,325,855$1,306,325$1,472,523
56$1,497,913$1,354,051$1,313,316$1,554,772
57$1,612,771$1,382,471$1,319,383$1,640,118
58$1,738,150$1,411,088$1,324,459$1,732,305
59$1,875,086$1,439,876$1,328,473$1,831,993
60$2,024,717$1,468,802$1,331,349$1,939,907
61$2,188,300$1,497,835$1,333,011$2,056,844
62$2,367,216$1,526,938$1,333,376$2,183,684
63$2,562,986$1,556,072$1,332,358$2,321,398
64$2,777,285$1,585,195$1,329,867$2,471,051
65$3,011,958$1,614,259$1,325,808$2,633,822
66$3,269,037$1,643,217$1,320,081$2,811,004
67$3,550,759$1,672,015$1,312,584$3,004,027
68$3,859,587$1,700,594$1,303,206$3,214,465
69$4,198,234$1,728,893$1,291,833$3,444,050
70$4,569,691$1,756,845$1,278,346$3,694,695
71$4,977,248$1,784,379$1,262,619$3,968,504
72$5,424,531$1,811,418$1,244,521$4,267,799
73$5,915,535$1,837,879$1,223,914$4,595,138
74$6,454,659$1,863,674$1,200,654$4,953,338
75$7,046,749$1,888,709$1,174,591$5,345,507
76$7,697,145$1,912,883$1,145,567$5,775,069
77$8,411,727$1,936,088$1,113,417$6,245,796
78$9,196,975$1,958,208$1,077,968$6,761,849
79$10,060,026$1,979,120$1,039,040$7,327,812
80$11,008,745$1,998,693$996,445$7,948,737
81$12,051,795$2,016,787$949,984$8,630,192
82$13,198,722$2,033,253$899,451$9,378,317
83$14,460,040$2,047,931$844,632$10,199,876
84$15,847,337$2,060,653$785,300$11,102,325
85$17,373,378$2,071,238$721,220$12,093,885
86$19,052,228$2,079,494$652,147$13,183,612
87$20,899,384$2,085,218$577,822$14,381,493
88$22,931,921$2,088,192$497,978$15,698,532
89$25,168,651$2,088,188$412,335$17,146,860
90$27,630,305$2,084,961$320,599$18,739,845
91$30,339,722$2,078,250$222,466$20,492,225
92$33,322,071$2,067,781$117,615$22,420,240
93$36,605,081$2,053,262$5,715$24,541,794
94$40,219,310$2,034,382$0$26,876,618
95$44,198,426$2,010,813$0$29,454,952
96$48,579,529$1,982,207$0$32,293,281
97$53,403,500$1,948,194$0$35,417,627
98$58,715,385$1,908,384$0$38,857,138
99$64,564,821$1,862,361$0$42,643,940
100$71,006,505$1,809,689$0$46,813,438