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

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$104,875$103,941$103,030$102,140$101,272$97,601
2 years$51,919$50,952$50,014$49,106$48,225$44,567
3 years$34,269$33,297$32,363$31,463$30,596$27,065
4 years$25,445$24,477$23,552$22,667$21,821$18,446
5 years$20,153$19,190$18,277$17,410$16,588$13,376
6 years$16,625$15,670$14,771$13,923$13,126$10,080
7 years$14,107$13,160$12,274$11,447$10,675$7,794
8 years$12,219$11,281$10,410$9,603$8,856$6,138
9 years$10,751$9,822$8,966$8,179$7,458$4,899
10 years$9,578$8,657$7,817$7,051$6,354$3,950
11 years$8,618$7,707$6,882$6,136$5,465$3,210
12 years$7,819$6,918$6,107$5,382$4,736$2,625
13 years$7,144$6,251$5,456$4,752$4,130$2,157
14 years$6,565$5,682$4,903$4,218$3,620$1,780
15 years$6,064$5,191$4,426$3,762$3,187$1,473
16 years$5,627$4,763$4,013$3,368$2,817$1,222
17 years$5,241$4,386$3,652$3,026$2,498$1,016
18 years$4,898$4,053$3,334$2,727$2,221$847
19 years$4,592$3,756$3,052$2,464$1,980$706
20 years$4,316$3,491$2,801$2,232$1,768$590
21 years$4,068$3,251$2,576$2,026$1,582$493
22 years$3,842$3,035$2,374$1,842$1,418$413
23 years$3,636$2,839$2,192$1,677$1,273$346
24 years$3,447$2,660$2,028$1,530$1,144$290
25 years$3,274$2,496$1,878$1,397$1,030$243
26 years$3,115$2,346$1,742$1,277$928$204
27 years$2,967$2,208$1,617$1,169$836$171
28 years$2,831$2,080$1,503$1,071$755$143
29 years$2,704$1,962$1,399$982$681$120
30 years$2,585$1,853$1,303$902$616$101
31 years$2,475$1,752$1,215$828$557$85
32 years$2,371$1,658$1,134$761$503$71
33 years$2,274$1,570$1,058$700$456$60
34 years$2,183$1,488$989$644$413$50
35 years$2,098$1,411$925$593$374$42
36 years$2,017$1,339$865$546$339$35
37 years$1,941$1,272$810$503$307$30
38 years$1,869$1,209$758$464$278$25
39 years$1,801$1,150$710$427$252$21
40 years$1,736$1,094$666$394$229$18
41 years$1,675$1,041$624$364$208$15
42 years$1,617$992$586$336$188$12
43 years$1,562$945$549$310$171$10
44 years$1,509$901$516$286$155$9
45 years$1,459$859$484$264$141$7
46 years$1,411$819$455$244$128$6
47 years$1,365$782$427$226$116$5
48 years$1,322$746$402$208$105$4
49 years$1,280$713$377$193$96$4
50 years$1,240$681$355$178$87$3

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 $4,471 every year, while hoping to spend $27,762 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: 46/29/25 Blend
54$1,270,000$1,270,000$1,270,000$1,270,000
55$1,404,152$1,336,842$1,317,157$1,458,473
56$1,517,837$1,372,809$1,331,743$1,533,186
57$1,642,187$1,409,607$1,345,887$1,611,135
58$1,778,261$1,447,249$1,359,546$1,695,161
59$1,927,225$1,485,746$1,372,672$1,785,845
60$2,090,362$1,525,107$1,385,216$1,883,829
61$2,269,086$1,565,344$1,397,128$1,989,819
62$2,464,953$1,606,466$1,408,352$2,104,593
63$2,679,677$1,648,482$1,418,831$2,229,008
64$2,915,148$1,691,401$1,428,505$2,364,009
65$3,173,443$1,735,230$1,437,311$2,510,636
66$3,456,855$1,779,977$1,445,181$2,670,034
67$3,767,907$1,825,648$1,452,047$2,843,468
68$4,109,376$1,872,248$1,457,833$3,032,328
69$4,484,326$1,919,782$1,462,464$3,238,148
70$4,896,128$1,968,251$1,465,857$3,462,617
71$5,348,497$2,017,660$1,467,928$3,707,598
72$5,845,526$2,068,008$1,468,586$3,975,141
73$6,391,724$2,119,295$1,467,738$4,267,509
74$6,992,058$2,171,518$1,465,285$4,587,193
75$7,652,000$2,224,675$1,461,124$4,936,939
76$8,377,579$2,278,758$1,455,146$5,319,774
77$9,175,436$2,333,762$1,447,238$5,739,034
78$10,052,890$2,389,676$1,437,280$6,198,393
79$11,018,004$2,446,489$1,425,148$6,701,905
80$12,079,660$2,504,187$1,410,710$7,254,034
81$13,247,647$2,562,753$1,393,831$7,859,701
82$14,532,748$2,622,169$1,374,365$8,524,330
83$15,946,845$2,682,412$1,352,163$9,253,899
84$17,503,030$2,743,457$1,327,068$10,054,997
85$19,215,729$2,805,277$1,298,914$10,934,885
86$21,100,836$2,867,838$1,267,531$11,901,565
87$23,175,865$2,931,106$1,232,736$12,963,859
88$25,460,113$2,995,040$1,194,343$14,131,489
89$27,974,844$3,059,596$1,152,153$15,415,169
90$30,743,489$3,124,727$1,105,960$16,826,708
91$33,791,864$3,190,378$1,055,550$18,379,123
92$37,148,419$3,256,491$1,000,695$20,086,758
93$40,844,500$3,323,001$941,161$21,965,424
94$44,914,650$3,389,840$876,701$24,032,547
95$49,396,932$3,456,929$807,058$26,307,331
96$54,333,288$3,524,188$731,963$28,810,943
97$59,769,935$3,591,525$651,136$31,566,713
98$65,757,802$3,658,843$564,282$34,600,351
99$72,353,008$3,726,036$471,096$37,940,194
100$79,617,394$3,792,991$371,257$41,617,475