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

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$104,050$103,123$102,219$101,336$100,474$99,508
2 years$51,510$50,550$49,621$48,719$47,845$46,871
3 years$33,999$33,035$32,108$31,215$30,355$29,404
4 years$25,245$24,284$23,366$22,489$21,649$20,729
5 years$19,994$19,039$18,133$17,273$16,457$15,570
6 years$16,495$15,547$14,654$13,814$13,022$12,169
7 years$13,996$13,056$12,178$11,357$10,591$9,772
8 years$12,123$11,192$10,328$9,527$8,786$8,002
9 years$10,667$9,744$8,895$8,115$7,399$6,650
10 years$9,502$8,589$7,755$6,995$6,304$5,589
11 years$8,551$7,646$6,827$6,088$5,422$4,740
12 years$7,758$6,863$6,059$5,340$4,699$4,049
13 years$7,088$6,202$5,414$4,714$4,097$3,479
14 years$6,514$5,638$4,864$4,185$3,592$3,005
15 years$6,017$5,150$4,392$3,732$3,162$2,605
16 years$5,582$4,725$3,982$3,342$2,795$2,267
17 years$5,199$4,352$3,623$3,003$2,478$1,979
18 years$4,859$4,021$3,307$2,706$2,203$1,731
19 years$4,555$3,727$3,028$2,445$1,964$1,518
20 years$4,282$3,463$2,779$2,214$1,754$1,334
21 years$4,036$3,226$2,556$2,010$1,570$1,174
22 years$3,811$3,011$2,356$1,827$1,407$1,034
23 years$3,607$2,816$2,175$1,664$1,263$913
24 years$3,420$2,639$2,012$1,518$1,135$806
25 years$3,248$2,476$1,863$1,386$1,022$713
26 years$3,090$2,327$1,728$1,267$920$631
27 years$2,944$2,190$1,605$1,160$830$558
28 years$2,808$2,064$1,492$1,063$749$495
29 years$2,682$1,947$1,388$975$676$439
30 years$2,565$1,839$1,293$895$611$389
31 years$2,455$1,738$1,205$822$552$345
32 years$2,353$1,645$1,125$755$500$306
33 years$2,256$1,558$1,050$694$452$272
34 years$2,166$1,476$981$639$409$242
35 years$2,081$1,400$917$588$371$215
36 years$2,001$1,329$858$542$336$191
37 years$1,926$1,262$803$499$304$170
38 years$1,854$1,200$752$460$276$151
39 years$1,787$1,141$705$424$250$134
40 years$1,723$1,085$660$391$227$119
41 years$1,662$1,033$619$361$206$106
42 years$1,604$984$581$333$187$94
43 years$1,549$937$545$307$170$84
44 years$1,497$894$512$284$154$75
45 years$1,447$852$480$262$140$67
46 years$1,400$813$451$242$127$59
47 years$1,355$776$424$224$115$53
48 years$1,311$740$398$207$105$47
49 years$1,270$707$374$191$95$42
50 years$1,230$675$352$177$86$37

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 $3,143 every year, while hoping to spend $48,921 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: 46/35/19 Blend
54$1,260,000$1,260,000$1,260,000$1,260,000
55$1,391,762$1,324,982$1,305,452$1,448,096
56$1,481,670$1,337,855$1,297,133$1,500,659
57$1,579,109$1,349,718$1,286,896$1,552,514
58$1,684,796$1,360,472$1,274,624$1,607,747
59$1,799,518$1,370,008$1,260,197$1,666,693
60$1,924,143$1,378,212$1,243,487$1,729,725
61$2,059,622$1,384,962$1,224,362$1,797,255
62$2,207,007$1,390,127$1,202,680$1,869,741
63$2,367,449$1,393,571$1,178,298$1,947,689
64$2,542,219$1,395,147$1,151,061$2,031,657
65$2,732,715$1,394,698$1,120,811$2,122,266
66$2,940,473$1,392,060$1,087,380$2,220,202
67$3,167,187$1,387,057$1,050,593$2,326,225
68$3,414,720$1,379,502$1,010,267$2,441,174
69$3,685,122$1,369,198$966,212$2,565,980
70$3,980,651$1,355,936$918,227$2,701,671
71$4,303,793$1,339,492$866,103$2,849,384
72$4,657,285$1,319,632$809,622$3,010,377
73$5,044,140$1,296,106$748,556$3,186,043
74$5,467,676$1,268,649$682,667$3,377,918
75$5,931,547$1,236,981$611,705$3,587,704
76$6,439,778$1,200,806$535,409$3,817,281
77$6,996,799$1,159,810$453,509$4,068,727
78$7,607,492$1,113,659$365,721$4,344,338
79$8,277,231$1,062,004$271,748$4,646,652
80$9,011,938$1,004,471$171,280$4,978,474
81$9,818,133$940,668$63,996$5,342,901
82$10,703,000$870,178$0$5,743,357
83$11,674,451$792,561$0$6,193,858
84$12,741,202$707,354$0$6,702,854
85$13,912,854$614,064$0$7,262,045
86$15,199,984$512,172$0$7,876,600
87$16,614,245$401,131$0$8,552,224
88$18,168,471$280,359$0$9,295,211
89$19,876,805$149,247$0$10,112,505
90$21,754,826$7,147$0$11,011,765
91$23,819,699$0$0$12,001,442
92$26,090,335$0$0$13,147,326
93$28,587,567$0$0$14,410,754
94$31,334,352$0$0$15,800,607
95$34,355,981$0$0$17,329,703
96$37,680,319$0$0$19,012,167
97$41,338,072$0$0$20,863,560
98$45,363,067$0$0$22,901,027
99$49,792,580$0$0$25,143,462
100$54,667,681$0$0$27,611,680