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

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$105,701$104,760$103,841$102,944$102,069$98,487
2 years$52,327$51,353$50,408$49,493$48,604$45,033
3 years$34,538$33,560$32,618$31,710$30,837$27,388
4 years$25,646$24,670$23,737$22,846$21,993$18,694
5 years$20,311$19,341$18,421$17,548$16,719$13,578
6 years$16,756$15,794$14,887$14,033$13,229$10,248
7 years$14,218$13,264$12,371$11,537$10,759$7,938
8 years$12,315$11,369$10,492$9,678$8,925$6,262
9 years$10,836$9,899$9,036$8,244$7,516$5,007
10 years$9,653$8,726$7,878$7,106$6,404$4,045
11 years$8,686$7,768$6,936$6,185$5,508$3,294
12 years$7,881$6,972$6,155$5,425$4,773$2,699
13 years$7,200$6,301$5,499$4,789$4,162$2,222
14 years$6,617$5,727$4,941$4,251$3,649$1,837
15 years$6,112$5,232$4,461$3,791$3,212$1,524
16 years$5,671$4,800$4,045$3,395$2,839$1,267
17 years$5,282$4,421$3,681$3,050$2,517$1,056
18 years$4,936$4,085$3,360$2,749$2,238$882
19 years$4,628$3,786$3,076$2,484$1,995$737
20 years$4,350$3,518$2,823$2,250$1,782$617
21 years$4,100$3,277$2,596$2,042$1,595$517
22 years$3,872$3,059$2,393$1,856$1,429$434
23 years$3,664$2,861$2,210$1,691$1,283$364
24 years$3,475$2,680$2,043$1,542$1,153$306
25 years$3,300$2,515$1,893$1,408$1,038$257
26 years$3,139$2,364$1,755$1,288$935$216
27 years$2,991$2,225$1,630$1,179$843$182
28 years$2,853$2,097$1,515$1,080$761$153
29 years$2,725$1,978$1,410$990$687$129
30 years$2,606$1,868$1,313$909$621$108
31 years$2,494$1,766$1,225$835$561$91
32 years$2,390$1,671$1,142$767$507$77
33 years$2,292$1,582$1,067$705$459$65
34 years$2,201$1,500$997$649$416$54
35 years$2,114$1,422$932$597$377$46
36 years$2,033$1,350$872$550$341$39
37 years$1,956$1,282$816$507$309$32
38 years$1,884$1,219$764$467$280$27
39 years$1,815$1,159$716$431$254$23
40 years$1,750$1,102$671$397$231$19
41 years$1,688$1,049$629$367$209$16
42 years$1,630$999$590$338$190$14
43 years$1,574$952$554$312$172$12
44 years$1,521$908$520$288$156$10
45 years$1,470$866$488$266$142$8
46 years$1,422$826$458$246$129$7
47 years$1,376$788$431$227$117$6
48 years$1,332$752$405$210$106$5
49 years$1,290$718$380$194$97$4
50 years$1,250$686$358$179$88$3

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 $6,918 every year, while hoping to spend $26,558 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: 75/17/8 Blend
54$1,280,000$1,280,000$1,280,000$1,280,000
55$1,417,696$1,349,856$1,330,016$1,521,787
56$1,534,043$1,387,741$1,346,314$1,629,149
57$1,661,368$1,426,593$1,362,268$1,742,708
58$1,800,762$1,466,430$1,377,838$1,866,389
59$1,953,427$1,507,273$1,392,983$2,001,185
60$2,120,687$1,549,139$1,407,658$2,148,190
61$2,303,999$1,592,050$1,421,817$2,308,609
62$2,504,970$1,636,023$1,435,411$2,483,768
63$2,725,368$1,681,079$1,448,388$2,675,129
64$2,967,141$1,727,237$1,460,694$2,884,300
65$3,232,434$1,774,516$1,472,272$3,113,052
66$3,523,610$1,822,935$1,483,061$3,363,339
67$3,843,271$1,872,513$1,492,997$3,637,308
68$4,194,287$1,923,268$1,502,014$3,937,329
69$4,579,815$1,975,218$1,510,042$4,266,009
70$5,003,334$2,028,382$1,517,007$4,626,220
71$5,468,678$2,082,777$1,522,831$5,021,129
72$5,980,070$2,138,420$1,527,432$5,454,222
73$6,542,162$2,195,327$1,530,726$5,929,340
74$7,160,079$2,253,515$1,532,622$6,450,714
75$7,839,469$2,312,998$1,533,026$7,023,006
76$8,586,551$2,373,792$1,531,839$7,651,353
77$9,408,181$2,435,909$1,528,957$8,341,414
78$10,311,909$2,499,363$1,524,271$9,099,423
79$11,306,057$2,564,165$1,517,668$9,932,251
80$12,399,792$2,630,325$1,509,026$10,847,465
81$13,603,213$2,697,854$1,498,221$11,853,406
82$14,927,451$2,766,759$1,485,122$12,959,263
83$16,384,768$2,837,047$1,469,590$14,175,160
84$17,988,674$2,908,723$1,451,482$15,512,253
85$19,754,058$2,981,789$1,430,645$16,982,836
86$21,697,323$3,056,247$1,406,923$18,600,452
87$23,836,544$3,132,098$1,380,148$20,380,028
88$26,191,637$3,209,336$1,350,149$22,338,010
89$28,784,548$3,287,958$1,316,744$24,492,521
90$31,639,460$3,367,956$1,279,742$26,863,528
91$34,783,017$3,449,318$1,238,946$29,473,038
92$38,244,582$3,532,031$1,194,148$32,345,299
93$42,056,508$3,616,079$1,145,130$35,507,029
94$46,254,446$3,701,442$1,091,666$38,987,672
95$50,877,681$3,788,094$1,033,519$42,819,674
96$55,969,502$3,876,009$970,440$47,038,788
97$61,577,612$3,965,153$902,170$51,684,413
98$67,754,575$4,055,492$828,438$56,799,964
99$74,558,313$4,146,982$748,962$62,433,284
100$82,052,654$4,239,578$663,446$68,637,095