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

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$106,527$105,578$104,652$103,749$102,866$98,824
2 years$52,736$51,754$50,802$49,879$48,984$44,961
3 years$34,808$33,822$32,872$31,958$31,077$27,200
4 years$25,846$24,863$23,923$23,024$22,165$18,463
5 years$20,470$19,493$18,565$17,685$16,849$13,332
6 years$16,887$15,917$15,003$14,143$13,332$10,002
7 years$14,329$13,367$12,468$11,627$10,843$7,699
8 years$12,411$11,458$10,574$9,754$8,995$6,034
9 years$10,921$9,976$9,107$8,308$7,575$4,792
10 years$9,729$8,794$7,940$7,162$6,454$3,845
11 years$8,754$7,829$6,990$6,233$5,551$3,108
12 years$7,943$7,026$6,203$5,467$4,810$2,528
13 years$7,256$6,350$5,542$4,827$4,195$2,066
14 years$6,669$5,772$4,980$4,284$3,677$1,695
15 years$6,160$5,273$4,496$3,821$3,238$1,395
16 years$5,715$4,838$4,076$3,421$2,861$1,151
17 years$5,323$4,455$3,709$3,074$2,537$951
18 years$4,975$4,117$3,386$2,770$2,256$788
19 years$4,664$3,815$3,100$2,503$2,011$653
20 years$4,384$3,545$2,845$2,267$1,796$542
21 years$4,132$3,302$2,617$2,058$1,607$451
22 years$3,902$3,083$2,412$1,871$1,441$375
23 years$3,693$2,883$2,227$1,704$1,293$312
24 years$3,502$2,701$2,059$1,554$1,162$260
25 years$3,326$2,535$1,907$1,419$1,046$216
26 years$3,164$2,383$1,769$1,298$942$180
27 years$3,014$2,242$1,643$1,188$849$150
28 years$2,875$2,113$1,527$1,088$766$125
29 years$2,746$1,993$1,421$998$692$104
30 years$2,626$1,882$1,324$916$625$87
31 years$2,514$1,780$1,234$841$565$73
32 years$2,409$1,684$1,151$773$511$61
33 years$2,310$1,595$1,075$711$463$51
34 years$2,218$1,511$1,004$654$419$42
35 years$2,131$1,433$939$602$380$35
36 years$2,049$1,361$879$555$344$29
37 years$1,971$1,292$822$511$312$25
38 years$1,898$1,228$770$471$283$20
39 years$1,829$1,168$721$434$256$17
40 years$1,764$1,111$676$400$232$14
41 years$1,701$1,058$634$370$211$12
42 years$1,642$1,007$595$341$191$10
43 years$1,586$960$558$315$174$8
44 years$1,533$915$524$291$158$7
45 years$1,482$872$492$268$143$6
46 years$1,433$832$462$248$130$5
47 years$1,387$794$434$229$118$4
48 years$1,342$758$408$212$107$3
49 years$1,300$724$383$196$97$3
50 years$1,259$692$360$181$88$2

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 $4,761 every year, while hoping to spend $55,653 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: 67/5/28 Blend
54$1,290,000$1,290,000$1,290,000$1,290,000
55$1,426,491$1,358,121$1,338,126$1,511,302
56$1,512,779$1,365,455$1,323,739$1,576,374
57$1,606,003$1,371,282$1,307,004$1,640,817
58$1,706,811$1,375,471$1,287,785$1,710,061
59$1,815,918$1,377,881$1,265,938$1,784,582
60$1,934,106$1,378,362$1,241,312$1,864,908
61$2,062,238$1,376,755$1,213,749$1,951,621
62$2,201,261$1,372,891$1,183,084$2,045,366
63$2,352,218$1,366,591$1,149,146$2,146,852
64$2,516,254$1,357,664$1,111,753$2,256,864
65$2,694,632$1,345,910$1,070,716$2,376,268
66$2,888,739$1,331,114$1,025,840$2,506,020
67$3,100,102$1,313,049$976,916$2,647,176
68$3,330,399$1,291,476$923,730$2,800,901
69$3,581,481$1,266,139$866,056$2,968,483
70$3,855,381$1,236,769$803,658$3,151,342
71$4,154,340$1,203,081$736,291$3,351,044
72$4,480,823$1,164,772$663,696$3,569,321
73$4,837,543$1,121,522$585,607$3,808,081
74$5,227,488$1,072,992$501,740$4,069,432
75$5,653,948$1,018,825$411,805$4,355,699
76$6,120,545$958,641$315,494$4,669,449
77$6,631,266$892,040$212,489$5,013,512
78$7,190,503$818,598$102,455$5,391,012
79$7,803,092$737,867$0$5,805,396
80$8,474,358$649,374$0$6,264,939
81$9,210,167$552,618$0$6,802,320
82$10,016,979$447,070$0$7,391,638
83$10,901,908$332,174$0$8,038,116
84$11,872,790$207,338$0$8,747,508
85$12,938,257$71,939$0$9,526,153
86$14,107,816$0$0$10,381,037
87$15,391,941$0$0$11,323,962
88$16,802,169$0$0$12,363,913
89$18,351,207$0$0$13,506,313
90$20,053,057$0$0$14,761,499
91$21,923,141$0$0$16,140,856
92$23,978,451$0$0$17,656,928
93$26,237,706$0$0$19,323,536
94$28,721,528$0$0$21,155,904
95$31,452,640$0$0$23,170,806
96$34,456,072$0$0$25,386,725
97$37,759,405$0$0$27,824,020
98$41,393,026$0$0$30,505,127
99$45,390,414$0$0$33,454,763
100$49,788,458$0$0$36,700,163