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%12.2%
1 years$104,050$103,123$102,219$101,336$100,474$99,549
2 years$51,510$50,550$49,621$48,719$47,845$46,913
3 years$33,999$33,035$32,108$31,215$30,355$29,445
4 years$25,245$24,284$23,366$22,489$21,649$20,768
5 years$19,994$19,039$18,133$17,273$16,457$15,608
6 years$16,495$15,547$14,654$13,814$13,022$12,205
7 years$13,996$13,056$12,178$11,357$10,591$9,807
8 years$12,123$11,192$10,328$9,527$8,786$8,035
9 years$10,667$9,744$8,895$8,115$7,399$6,681
10 years$9,502$8,589$7,755$6,995$6,304$5,618
11 years$8,551$7,646$6,827$6,088$5,422$4,767
12 years$7,758$6,863$6,059$5,340$4,699$4,075
13 years$7,088$6,202$5,414$4,714$4,097$3,504
14 years$6,514$5,638$4,864$4,185$3,592$3,028
15 years$6,017$5,150$4,392$3,732$3,162$2,628
16 years$5,582$4,725$3,982$3,342$2,795$2,288
17 years$5,199$4,352$3,623$3,003$2,478$1,998
18 years$4,859$4,021$3,307$2,706$2,203$1,750
19 years$4,555$3,727$3,028$2,445$1,964$1,535
20 years$4,282$3,463$2,779$2,214$1,754$1,350
21 years$4,036$3,226$2,556$2,010$1,570$1,189
22 years$3,811$3,011$2,356$1,827$1,407$1,048
23 years$3,607$2,816$2,175$1,664$1,263$926
24 years$3,420$2,639$2,012$1,518$1,135$818
25 years$3,248$2,476$1,863$1,386$1,022$724
26 years$3,090$2,327$1,728$1,267$920$641
27 years$2,944$2,190$1,605$1,160$830$568
28 years$2,808$2,064$1,492$1,063$749$504
29 years$2,682$1,947$1,388$975$676$447
30 years$2,565$1,839$1,293$895$611$397
31 years$2,455$1,738$1,205$822$552$352
32 years$2,353$1,645$1,125$755$500$313
33 years$2,256$1,558$1,050$694$452$278
34 years$2,166$1,476$981$639$409$247
35 years$2,081$1,400$917$588$371$220
36 years$2,001$1,329$858$542$336$196
37 years$1,926$1,262$803$499$304$174
38 years$1,854$1,200$752$460$276$155
39 years$1,787$1,141$705$424$250$138
40 years$1,723$1,085$660$391$227$123
41 years$1,662$1,033$619$361$206$109
42 years$1,604$984$581$333$187$97
43 years$1,549$937$545$307$170$87
44 years$1,497$894$512$284$154$77
45 years$1,447$852$480$262$140$69
46 years$1,400$813$451$242$127$61
47 years$1,355$776$424$224$115$55
48 years$1,311$740$398$207$105$49
49 years$1,270$707$374$191$95$43
50 years$1,230$675$352$177$86$39

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 $4,436 every year, while hoping to spend $33,381 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: 55/36/9 Blend
54$1,260,000$1,260,000$1,260,000$1,260,000
55$1,393,096$1,326,316$1,306,786$1,466,425
56$1,499,674$1,355,788$1,315,046$1,545,998
57$1,616,005$1,385,586$1,322,464$1,628,534
58$1,743,048$1,415,690$1,328,977$1,717,598
59$1,881,858$1,446,078$1,334,517$1,813,813
60$2,033,600$1,476,728$1,339,015$1,917,871
61$2,199,552$1,507,612$1,342,397$2,030,530
62$2,381,125$1,538,704$1,344,586$2,152,627
63$2,579,871$1,569,972$1,345,501$2,285,083
64$2,797,499$1,601,382$1,345,057$2,428,914
65$3,035,891$1,632,897$1,343,163$2,585,239
66$3,297,120$1,664,477$1,339,728$2,755,290
67$3,583,469$1,696,079$1,334,651$2,940,425
68$3,897,452$1,727,656$1,327,831$3,142,141
69$4,241,838$1,759,157$1,319,159$3,362,087
70$4,619,677$1,790,527$1,308,522$3,602,081
71$5,034,328$1,821,707$1,295,802$3,864,126
72$5,489,493$1,852,633$1,280,874$4,150,428
73$5,989,246$1,883,238$1,263,609$4,463,421
74$6,538,079$1,913,446$1,243,869$4,805,786
75$7,140,938$1,943,179$1,221,513$5,180,478
76$7,803,271$1,972,353$1,196,392$5,590,753
77$8,531,082$2,000,875$1,168,348$6,040,202
78$9,330,984$2,028,650$1,137,219$6,532,780
79$10,210,262$2,055,571$1,102,834$7,072,849
80$11,176,944$2,081,529$1,065,014$7,665,215
81$12,239,871$2,106,404$1,023,572$8,315,175
82$13,408,789$2,130,068$978,312$9,028,569
83$14,694,430$2,152,386$929,030$9,811,833
84$16,108,622$2,173,213$875,512$10,672,060
85$17,664,395$2,192,394$817,535$11,617,070
86$19,376,107$2,209,765$754,866$12,655,480
87$21,259,576$2,225,150$687,261$13,796,790
88$23,332,234$2,238,363$614,465$15,051,471
89$25,613,284$2,249,205$536,212$16,431,063
90$28,123,888$2,257,465$452,224$17,948,286
91$30,887,362$2,262,918$362,211$19,617,161
92$33,929,397$2,265,326$265,870$21,453,142
93$37,278,304$2,264,435$162,885$23,473,260
94$40,965,274$2,259,976$52,925$25,696,292
95$45,024,680$2,251,662$0$28,142,928
96$49,494,395$2,239,191$0$30,842,164
97$54,416,152$2,222,241$0$33,818,777
98$59,835,939$2,200,470$0$37,095,423
99$65,804,428$2,173,516$0$40,702,679
100$72,377,457$2,140,996$0$44,674,242