Can I retire at age 55 with 1,290,000?

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 $1,290,000?

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$106,527$105,578$104,652$103,749$102,866$100,461
2 years$52,736$51,754$50,802$49,879$48,984$46,575
3 years$34,808$33,822$32,872$31,958$31,077$28,739
4 years$25,846$24,863$23,923$23,024$22,165$19,915
5 years$20,470$19,493$18,565$17,685$16,849$14,695
6 years$16,887$15,917$15,003$14,143$13,332$11,275
7 years$14,329$13,367$12,468$11,627$10,843$8,884
8 years$12,411$11,458$10,574$9,754$8,995$7,133
9 years$10,921$9,976$9,107$8,308$7,575$5,809
10 years$9,729$8,794$7,940$7,162$6,454$4,781
11 years$8,754$7,829$6,990$6,233$5,551$3,969
12 years$7,943$7,026$6,203$5,467$4,810$3,317
13 years$7,256$6,350$5,542$4,827$4,195$2,788
14 years$6,669$5,772$4,980$4,284$3,677$2,353
15 years$6,160$5,273$4,496$3,821$3,238$1,993
16 years$5,715$4,838$4,076$3,421$2,861$1,694
17 years$5,323$4,455$3,709$3,074$2,537$1,443
18 years$4,975$4,117$3,386$2,770$2,256$1,232
19 years$4,664$3,815$3,100$2,503$2,011$1,054
20 years$4,384$3,545$2,845$2,267$1,796$902
21 years$4,132$3,302$2,617$2,058$1,607$774
22 years$3,902$3,083$2,412$1,871$1,441$664
23 years$3,693$2,883$2,227$1,704$1,293$571
24 years$3,502$2,701$2,059$1,554$1,162$491
25 years$3,326$2,535$1,907$1,419$1,046$423
26 years$3,164$2,383$1,769$1,298$942$364
27 years$3,014$2,242$1,643$1,188$849$314
28 years$2,875$2,113$1,527$1,088$766$270
29 years$2,746$1,993$1,421$998$692$233
30 years$2,626$1,882$1,324$916$625$201
31 years$2,514$1,780$1,234$841$565$174
32 years$2,409$1,684$1,151$773$511$150
33 years$2,310$1,595$1,075$711$463$129
34 years$2,218$1,511$1,004$654$419$112
35 years$2,131$1,433$939$602$380$96
36 years$2,049$1,361$879$555$344$83
37 years$1,971$1,292$822$511$312$72
38 years$1,898$1,228$770$471$283$62
39 years$1,829$1,168$721$434$256$54
40 years$1,764$1,111$676$400$232$46
41 years$1,701$1,058$634$370$211$40
42 years$1,642$1,007$595$341$191$35
43 years$1,586$960$558$315$174$30
44 years$1,533$915$524$291$158$26
45 years$1,482$872$492$268$143$22
46 years$1,433$832$462$248$130$19
47 years$1,387$794$434$229$118$17
48 years$1,342$758$408$212$107$14
49 years$1,300$724$383$196$97$12
50 years$1,259$692$360$181$88$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,290,000, adding $6,832 every year, while hoping to spend $57,417 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: 37/42/21 Blend
54$1,290,000$1,290,000$1,290,000$1,290,000
55$1,428,627$1,360,257$1,340,262$1,472,234
56$1,513,256$1,365,819$1,324,070$1,510,129
57$1,604,592$1,369,728$1,305,410$1,545,169
58$1,703,260$1,371,844$1,284,141$1,581,846
59$1,809,945$1,372,016$1,260,112$1,620,340
60$1,925,399$1,370,085$1,233,165$1,660,854
61$2,050,451$1,365,880$1,203,138$1,703,616
62$2,186,011$1,359,223$1,169,857$1,748,880
63$2,333,080$1,349,921$1,133,143$1,796,931
64$2,492,760$1,337,772$1,092,809$1,848,088
65$2,666,260$1,322,562$1,048,657$1,902,709
66$2,854,914$1,304,062$1,000,482$1,961,190
67$3,060,186$1,282,032$948,069$2,023,978
68$3,283,689$1,256,216$891,193$2,091,568
69$3,527,197$1,226,343$829,620$2,164,513
70$3,792,663$1,192,126$763,105$2,243,431
71$4,082,236$1,153,261$691,390$2,329,008
72$4,398,281$1,109,428$614,209$2,422,010
73$4,743,402$1,060,286$531,281$2,523,287
74$5,120,465$1,005,476$442,315$2,633,787
75$5,532,626$944,617$347,005$2,754,562
76$5,983,357$877,307$245,034$2,886,783
77$6,476,485$803,121$136,068$3,031,751
78$7,016,221$721,609$19,761$3,190,908
79$7,607,203$632,295$0$3,365,860
80$8,254,538$534,677$0$3,581,768
81$8,963,850$428,226$0$3,823,468
82$9,741,334$312,380$0$4,088,805
83$10,593,810$186,547$0$4,380,301
84$11,528,794$50,102$0$4,700,742
85$12,554,560$0$0$5,053,211
86$13,680,223$0$0$5,486,232
87$14,915,825$0$0$5,987,146
88$16,272,425$0$0$6,537,306
89$17,762,206$0$0$7,141,674
90$19,398,590$0$0$7,805,722
91$21,196,362$0$0$8,535,474
92$23,171,808$0$0$9,337,568
93$25,342,872$0$0$10,219,316
94$27,729,323$0$0$11,188,777
95$30,352,938$0$0$12,254,826
96$33,237,711$0$0$13,427,243
97$36,410,078$0$0$14,716,803
98$39,899,162$0$0$16,135,378
99$43,737,054$0$0$17,696,047
100$47,959,108$0$0$19,413,223