Can I retire at age 55 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$104,875$103,941$103,030$102,140$101,272$98,904
2 years$51,919$50,952$50,014$49,106$48,225$45,852
3 years$34,269$33,297$32,363$31,463$30,596$28,293
4 years$25,445$24,477$23,552$22,667$21,821$19,606
5 years$20,153$19,190$18,277$17,410$16,588$14,467
6 years$16,625$15,670$14,771$13,923$13,126$11,101
7 years$14,107$13,160$12,274$11,447$10,675$8,746
8 years$12,219$11,281$10,410$9,603$8,856$7,022
9 years$10,751$9,822$8,966$8,179$7,458$5,719
10 years$9,578$8,657$7,817$7,051$6,354$4,707
11 years$8,618$7,707$6,882$6,136$5,465$3,908
12 years$7,819$6,918$6,107$5,382$4,736$3,266
13 years$7,144$6,251$5,456$4,752$4,130$2,744
14 years$6,565$5,682$4,903$4,218$3,620$2,317
15 years$6,064$5,191$4,426$3,762$3,187$1,962
16 years$5,627$4,763$4,013$3,368$2,817$1,668
17 years$5,241$4,386$3,652$3,026$2,498$1,421
18 years$4,898$4,053$3,334$2,727$2,221$1,213
19 years$4,592$3,756$3,052$2,464$1,980$1,037
20 years$4,316$3,491$2,801$2,232$1,768$888
21 years$4,068$3,251$2,576$2,026$1,582$762
22 years$3,842$3,035$2,374$1,842$1,418$654
23 years$3,636$2,839$2,192$1,677$1,273$562
24 years$3,447$2,660$2,028$1,530$1,144$484
25 years$3,274$2,496$1,878$1,397$1,030$416
26 years$3,115$2,346$1,742$1,277$928$358
27 years$2,967$2,208$1,617$1,169$836$309
28 years$2,831$2,080$1,503$1,071$755$266
29 years$2,704$1,962$1,399$982$681$230
30 years$2,585$1,853$1,303$902$616$198
31 years$2,475$1,752$1,215$828$557$171
32 years$2,371$1,658$1,134$761$503$147
33 years$2,274$1,570$1,058$700$456$127
34 years$2,183$1,488$989$644$413$110
35 years$2,098$1,411$925$593$374$95
36 years$2,017$1,339$865$546$339$82
37 years$1,941$1,272$810$503$307$71
38 years$1,869$1,209$758$464$278$61
39 years$1,801$1,150$710$427$252$53
40 years$1,736$1,094$666$394$229$46
41 years$1,675$1,041$624$364$208$39
42 years$1,617$992$586$336$188$34
43 years$1,562$945$549$310$171$29
44 years$1,509$901$516$286$155$25
45 years$1,459$859$484$264$141$22
46 years$1,411$819$455$244$128$19
47 years$1,365$782$427$226$116$16
48 years$1,322$746$402$208$105$14
49 years$1,280$713$377$193$96$12
50 years$1,240$681$355$178$87$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,270,000, adding $3,789 every year, while hoping to spend $29,917 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: 55/17/28 Blend
54$1,270,000$1,270,000$1,270,000$1,270,000
55$1,403,448$1,336,138$1,316,453$1,469,570
56$1,514,769$1,369,778$1,328,723$1,549,229
57$1,636,441$1,404,063$1,340,401$1,632,542
58$1,769,489$1,438,993$1,351,436$1,722,682
59$1,915,042$1,474,569$1,361,774$1,820,316
60$2,074,341$1,510,787$1,371,358$1,926,180
61$2,248,753$1,547,644$1,380,127$2,041,085
62$2,439,784$1,585,137$1,388,020$2,165,926
63$2,649,092$1,623,260$1,394,969$2,301,686
64$2,878,504$1,662,004$1,400,905$2,449,451
65$3,130,031$1,701,362$1,405,755$2,610,419
66$3,405,888$1,741,323$1,409,442$2,785,907
67$3,708,516$1,781,874$1,411,885$2,977,369
68$4,040,601$1,823,002$1,413,000$3,186,407
69$4,405,104$1,864,691$1,412,697$3,414,786
70$4,805,285$1,906,922$1,410,883$3,664,453
71$5,244,738$1,949,675$1,407,461$3,937,553
72$5,727,417$1,992,925$1,402,328$4,236,451
73$6,257,684$2,036,648$1,395,375$4,563,752
74$6,840,338$2,080,815$1,386,491$4,922,329
75$7,480,671$2,125,393$1,375,557$5,315,350
76$8,184,511$2,170,348$1,362,449$5,746,304
77$8,958,277$2,215,642$1,347,038$6,219,039
78$9,809,045$2,261,232$1,329,187$6,737,796
79$10,744,607$2,307,072$1,308,754$7,307,248
80$11,773,550$2,353,112$1,285,591$7,932,549
81$12,905,335$2,399,297$1,259,541$8,619,377
82$14,150,384$2,445,568$1,230,441$9,373,993
83$15,520,183$2,491,860$1,198,120$10,203,296
84$17,027,385$2,538,104$1,162,400$11,114,893
85$18,685,932$2,584,225$1,123,094$12,117,165
86$20,511,186$2,630,141$1,080,007$13,219,352
87$22,520,073$2,675,764$1,032,933$14,431,641
88$24,731,245$2,721,001$981,661$15,765,255
89$27,165,251$2,765,749$925,965$17,232,568
90$29,844,735$2,809,899$865,613$18,847,218
91$32,794,648$2,853,334$800,362$20,624,237
92$36,042,484$2,895,929$729,956$22,580,191
93$39,618,536$2,937,549$654,128$24,733,341
94$43,556,187$2,978,049$572,602$27,103,815
95$47,892,220$3,017,275$485,086$29,713,795
96$52,667,167$3,055,063$391,277$32,587,731
97$57,925,693$3,091,235$290,859$35,752,570
98$63,717,011$3,125,603$183,501$39,238,014
99$70,095,356$3,157,967$68,857$43,076,797
100$77,120,486$3,188,112$0$47,304,997