Can I retire at age 55 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$105,701$104,760$103,841$102,944$102,069$101,256
2 years$52,327$51,353$50,408$49,493$48,604$47,785
3 years$34,538$33,560$32,618$31,710$30,837$30,036
4 years$25,646$24,670$23,737$22,846$21,993$21,217
5 years$20,311$19,341$18,421$17,548$16,719$15,970
6 years$16,756$15,794$14,887$14,033$13,229$12,509
7 years$14,218$13,264$12,371$11,537$10,759$10,067
8 years$12,315$11,369$10,492$9,678$8,925$8,262
9 years$10,836$9,899$9,036$8,244$7,516$6,882
10 years$9,653$8,726$7,878$7,106$6,404$5,798
11 years$8,686$7,768$6,936$6,185$5,508$4,929
12 years$7,881$6,972$6,155$5,425$4,773$4,221
13 years$7,200$6,301$5,499$4,789$4,162$3,637
14 years$6,617$5,727$4,941$4,251$3,649$3,149
15 years$6,112$5,232$4,461$3,791$3,212$2,738
16 years$5,671$4,800$4,045$3,395$2,839$2,389
17 years$5,282$4,421$3,681$3,050$2,517$2,091
18 years$4,936$4,085$3,360$2,749$2,238$1,835
19 years$4,628$3,786$3,076$2,484$1,995$1,614
20 years$4,350$3,518$2,823$2,250$1,782$1,422
21 years$4,100$3,277$2,596$2,042$1,595$1,255
22 years$3,872$3,059$2,393$1,856$1,429$1,109
23 years$3,664$2,861$2,210$1,691$1,283$981
24 years$3,475$2,680$2,043$1,542$1,153$870
25 years$3,300$2,515$1,893$1,408$1,038$771
26 years$3,139$2,364$1,755$1,288$935$685
27 years$2,991$2,225$1,630$1,179$843$608
28 years$2,853$2,097$1,515$1,080$761$540
29 years$2,725$1,978$1,410$990$687$481
30 years$2,606$1,868$1,313$909$621$428
31 years$2,494$1,766$1,225$835$561$381
32 years$2,390$1,671$1,142$767$507$339
33 years$2,292$1,582$1,067$705$459$302
34 years$2,201$1,500$997$649$416$269
35 years$2,114$1,422$932$597$377$240
36 years$2,033$1,350$872$550$341$214
37 years$1,956$1,282$816$507$309$191
38 years$1,884$1,219$764$467$280$170
39 years$1,815$1,159$716$431$254$152
40 years$1,750$1,102$671$397$231$136
41 years$1,688$1,049$629$367$209$121
42 years$1,630$999$590$338$190$108
43 years$1,574$952$554$312$172$97
44 years$1,521$908$520$288$156$86
45 years$1,470$866$488$266$142$77
46 years$1,422$826$458$246$129$69
47 years$1,376$788$431$227$117$61
48 years$1,332$752$405$210$106$55
49 years$1,290$718$380$194$97$49
50 years$1,250$686$358$179$88$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,280,000, adding $5,295 every year, while hoping to spend $57,281 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: 34/36/30 Blend
54$1,280,000$1,280,000$1,280,000$1,280,000
55$1,416,022$1,348,182$1,328,342$1,451,194
56$1,499,509$1,353,296$1,311,895$1,483,449
57$1,589,593$1,356,741$1,292,977$1,512,757
58$1,686,885$1,358,375$1,271,445$1,543,275
59$1,792,058$1,358,046$1,247,149$1,575,151
60$1,905,851$1,355,594$1,219,932$1,608,554
61$2,029,079$1,350,848$1,189,630$1,643,673
62$2,162,633$1,343,628$1,156,071$1,680,722
63$2,307,498$1,333,742$1,119,076$1,719,940
64$2,464,753$1,320,986$1,078,455$1,761,598
65$2,635,588$1,305,145$1,034,014$1,805,998
66$2,821,310$1,285,989$985,545$1,853,481
67$3,023,358$1,263,277$932,836$1,904,428
68$3,243,315$1,236,752$875,660$1,959,266
69$3,482,922$1,206,141$813,783$2,018,470
70$3,744,095$1,171,157$746,960$2,082,576
71$4,028,945$1,131,496$674,935$2,152,180
72$4,339,792$1,086,834$597,440$2,227,945
73$4,679,192$1,036,830$514,196$2,310,615
74$5,049,958$981,124$424,910$2,401,016
75$5,455,188$919,332$329,278$2,500,072
76$5,898,290$851,053$226,982$2,608,807
77$6,383,019$775,857$117,689$2,728,365
78$6,913,507$693,295$1,053$2,860,016
79$7,494,308$602,889$0$3,005,174
80$8,130,432$504,136$0$3,204,916
81$8,827,399$396,502$0$3,424,408
82$9,591,289$279,425$0$3,665,377
83$10,428,795$152,312$0$3,930,105
84$11,347,292$14,535$0$4,221,119
85$12,354,900$0$0$4,541,209
86$13,460,565$0$0$4,946,771
87$14,674,140$0$0$5,398,429
88$16,006,479$0$0$5,894,490
89$17,469,537$0$0$6,439,430
90$19,076,484$0$0$7,038,180
91$20,841,829$0$0$7,696,173
92$22,781,555$0$0$8,419,395
93$24,913,269$0$0$9,214,440
94$27,256,370$0$0$10,088,571
95$29,832,229$0$0$11,049,792
96$32,664,390$0$0$12,106,923
97$35,778,794$0$0$13,269,677
98$39,204,020$0$0$14,548,759
99$42,971,557$0$0$15,955,963
100$47,116,097$0$0$17,504,284