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%17.8%
1 years$104,050$103,123$102,219$101,336$100,474$97,297
2 years$51,510$50,550$49,621$48,719$47,845$44,673
3 years$33,999$33,035$32,108$31,215$30,355$27,287
4 years$25,245$24,284$23,366$22,489$21,649$18,710
5 years$19,994$19,039$18,133$17,273$16,457$13,654
6 years$16,495$15,547$14,654$13,814$13,022$10,357
7 years$13,996$13,056$12,178$11,357$10,591$8,063
8 years$12,123$11,192$10,328$9,527$8,786$6,395
9 years$10,667$9,744$8,895$8,115$7,399$5,142
10 years$9,502$8,589$7,755$6,995$6,304$4,177
11 years$8,551$7,646$6,827$6,088$5,422$3,422
12 years$7,758$6,863$6,059$5,340$4,699$2,820
13 years$7,088$6,202$5,414$4,714$4,097$2,337
14 years$6,514$5,638$4,864$4,185$3,592$1,944
15 years$6,017$5,150$4,392$3,732$3,162$1,623
16 years$5,582$4,725$3,982$3,342$2,795$1,358
17 years$5,199$4,352$3,623$3,003$2,478$1,140
18 years$4,859$4,021$3,307$2,706$2,203$958
19 years$4,555$3,727$3,028$2,445$1,964$806
20 years$4,282$3,463$2,779$2,214$1,754$680
21 years$4,036$3,226$2,556$2,010$1,570$574
22 years$3,811$3,011$2,356$1,827$1,407$485
23 years$3,607$2,816$2,175$1,664$1,263$410
24 years$3,420$2,639$2,012$1,518$1,135$346
25 years$3,248$2,476$1,863$1,386$1,022$293
26 years$3,090$2,327$1,728$1,267$920$248
27 years$2,944$2,190$1,605$1,160$830$210
28 years$2,808$2,064$1,492$1,063$749$178
29 years$2,682$1,947$1,388$975$676$151
30 years$2,565$1,839$1,293$895$611$128
31 years$2,455$1,738$1,205$822$552$109
32 years$2,353$1,645$1,125$755$500$92
33 years$2,256$1,558$1,050$694$452$78
34 years$2,166$1,476$981$639$409$66
35 years$2,081$1,400$917$588$371$56
36 years$2,001$1,329$858$542$336$48
37 years$1,926$1,262$803$499$304$40
38 years$1,854$1,200$752$460$276$34
39 years$1,787$1,141$705$424$250$29
40 years$1,723$1,085$660$391$227$25
41 years$1,662$1,033$619$361$206$21
42 years$1,604$984$581$333$187$18
43 years$1,549$937$545$307$170$15
44 years$1,497$894$512$284$154$13
45 years$1,447$852$480$262$140$11
46 years$1,400$813$451$242$127$9
47 years$1,355$776$424$224$115$8
48 years$1,311$740$398$207$105$7
49 years$1,270$707$374$191$95$6
50 years$1,230$675$352$177$86$5

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 $2,085 every year, while hoping to spend $24,438 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: 70/12/18 Blend
54$1,260,000$1,260,000$1,260,000$1,260,000
55$1,390,671$1,323,891$1,304,361$1,481,886
56$1,506,517$1,362,759$1,322,055$1,581,780
57$1,633,361$1,402,714$1,339,523$1,687,974
58$1,772,298$1,443,781$1,356,731$1,803,591
59$1,924,535$1,485,989$1,373,644$1,929,559
60$2,091,402$1,529,366$1,390,225$2,066,900
61$2,274,361$1,573,942$1,406,434$2,216,739
62$2,475,026$1,619,745$1,422,230$2,380,316
63$2,695,173$1,666,806$1,437,568$2,558,996
64$2,936,756$1,715,156$1,452,403$2,754,284
65$3,201,932$1,764,825$1,466,685$2,967,837
66$3,493,072$1,815,844$1,480,362$3,201,480
67$3,812,792$1,868,247$1,493,381$3,457,223
68$4,163,971$1,922,066$1,505,684$3,737,282
69$4,549,783$1,977,333$1,517,210$4,044,098
70$4,973,721$2,034,083$1,527,897$4,380,357
71$5,439,636$2,092,349$1,537,678$4,749,024
72$5,951,771$2,152,166$1,546,481$5,153,361
73$6,514,798$2,213,569$1,554,235$5,596,964
74$7,133,866$2,276,592$1,560,861$6,083,794
75$7,814,648$2,341,273$1,566,277$6,618,218
76$8,563,393$2,407,646$1,570,398$7,205,045
77$9,386,987$2,475,748$1,573,134$7,849,574
78$10,293,016$2,545,617$1,574,391$8,557,645
79$11,289,840$2,617,289$1,574,070$9,335,692
80$12,386,669$2,690,801$1,572,066$10,190,806
81$13,593,650$2,766,191$1,568,271$11,130,799
82$14,921,964$2,843,496$1,562,570$12,164,279
83$16,383,933$2,922,755$1,554,844$13,300,734
84$17,993,129$3,004,006$1,544,967$14,550,617
85$19,764,512$3,087,286$1,532,807$15,925,445
86$21,714,563$3,172,633$1,518,226$17,437,913
87$23,861,442$3,260,086$1,501,080$19,102,007
88$26,225,160$3,349,681$1,481,218$20,933,141
89$28,827,768$3,441,457$1,458,480$22,948,300
90$31,693,562$3,535,451$1,432,702$25,166,200
91$34,849,317$3,631,699$1,403,709$27,607,467
92$38,324,534$3,730,239$1,371,319$30,294,830
93$42,151,721$3,831,105$1,335,343$33,253,335
94$46,366,700$3,934,333$1,295,581$36,510,583
95$51,008,946$4,039,958$1,251,825$40,096,989
96$56,121,956$4,148,014$1,203,859$44,046,072
97$61,753,661$4,258,531$1,151,453$48,394,768
98$67,956,878$4,371,544$1,094,371$53,183,781
99$74,789,811$4,487,080$1,032,363$58,457,964
100$82,316,594$4,605,170$965,170$64,266,749