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%13%
1 years$106,527$105,578$104,652$103,749$102,866$101,581
2 years$52,736$51,754$50,802$49,879$48,984$47,691
3 years$34,808$33,822$32,872$31,958$31,077$29,816
4 years$25,846$24,863$23,923$23,024$22,165$20,945
5 years$20,470$19,493$18,565$17,685$16,849$15,675
6 years$16,887$15,917$15,003$14,143$13,332$12,205
7 years$14,329$13,367$12,468$11,627$10,843$9,763
8 years$12,411$11,458$10,574$9,754$8,995$7,963
9 years$10,921$9,976$9,107$8,308$7,575$6,589
10 years$9,729$8,794$7,940$7,162$6,454$5,515
11 years$8,754$7,829$6,990$6,233$5,551$4,657
12 years$7,943$7,026$6,203$5,467$4,810$3,960
13 years$7,256$6,350$5,542$4,827$4,195$3,388
14 years$6,669$5,772$4,980$4,284$3,677$2,912
15 years$6,160$5,273$4,496$3,821$3,238$2,513
16 years$5,715$4,838$4,076$3,421$2,861$2,176
17 years$5,323$4,455$3,709$3,074$2,537$1,890
18 years$4,975$4,117$3,386$2,770$2,256$1,646
19 years$4,664$3,815$3,100$2,503$2,011$1,436
20 years$4,384$3,545$2,845$2,267$1,796$1,255
21 years$4,132$3,302$2,617$2,058$1,607$1,099
22 years$3,902$3,083$2,412$1,871$1,441$963
23 years$3,693$2,883$2,227$1,704$1,293$845
24 years$3,502$2,701$2,059$1,554$1,162$742
25 years$3,326$2,535$1,907$1,419$1,046$653
26 years$3,164$2,383$1,769$1,298$942$574
27 years$3,014$2,242$1,643$1,188$849$506
28 years$2,875$2,113$1,527$1,088$766$446
29 years$2,746$1,993$1,421$998$692$393
30 years$2,626$1,882$1,324$916$625$346
31 years$2,514$1,780$1,234$841$565$306
32 years$2,409$1,684$1,151$773$511$270
33 years$2,310$1,595$1,075$711$463$238
34 years$2,218$1,511$1,004$654$419$210
35 years$2,131$1,433$939$602$380$186
36 years$2,049$1,361$879$555$344$164
37 years$1,971$1,292$822$511$312$145
38 years$1,898$1,228$770$471$283$128
39 years$1,829$1,168$721$434$256$113
40 years$1,764$1,111$676$400$232$100
41 years$1,701$1,058$634$370$211$89
42 years$1,642$1,007$595$341$191$78
43 years$1,586$960$558$315$174$69
44 years$1,533$915$524$291$158$61
45 years$1,482$872$492$268$143$54
46 years$1,433$832$462$248$130$48
47 years$1,387$794$434$229$118$42
48 years$1,342$758$408$212$107$38
49 years$1,300$724$383$196$97$33
50 years$1,259$692$360$181$88$29

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 $4,891 every year, while hoping to spend $32,158 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: 37/41/22 Blend
54$1,290,000$1,290,000$1,290,000$1,290,000
55$1,426,625$1,358,255$1,338,260$1,469,815
56$1,537,925$1,390,594$1,348,876$1,534,079
57$1,659,500$1,423,439$1,358,770$1,600,096
58$1,792,363$1,456,782$1,367,883$1,670,755
59$1,937,632$1,490,612$1,376,155$1,746,492
60$2,096,535$1,524,917$1,383,521$1,827,790
61$2,270,427$1,559,683$1,389,914$1,915,178
62$2,460,797$1,594,894$1,395,262$2,009,241
63$2,669,286$1,630,531$1,399,491$2,110,624
64$2,897,702$1,666,576$1,402,523$2,220,037
65$3,148,035$1,703,006$1,404,275$2,338,265
66$3,422,477$1,739,796$1,404,661$2,466,169
67$3,723,443$1,776,919$1,403,590$2,604,704
68$4,053,591$1,814,345$1,400,967$2,754,917
69$4,415,850$1,852,041$1,396,693$2,917,968
70$4,813,447$1,889,971$1,390,662$3,095,131
71$5,249,935$1,928,096$1,382,766$3,287,815
72$5,729,229$1,966,373$1,372,889$3,497,571
73$6,255,640$2,004,755$1,360,910$3,726,110
74$6,833,919$2,043,192$1,346,705$3,975,317
75$7,469,299$2,081,629$1,330,139$4,247,275
76$8,167,545$2,120,006$1,311,076$4,544,275
77$8,935,007$2,158,259$1,289,371$4,868,849
78$9,778,684$2,196,320$1,264,870$5,223,783
79$10,706,283$2,234,113$1,237,417$5,612,154
80$11,726,298$2,271,559$1,206,845$6,037,352
81$12,848,086$2,308,570$1,172,979$6,503,116
82$14,081,956$2,345,055$1,135,639$7,013,568
83$15,439,266$2,380,914$1,094,634$7,573,254
84$16,932,532$2,416,039$1,049,765$8,187,186
85$18,575,543$2,450,318$1,000,824$8,860,890
86$20,383,491$2,483,626$947,595$9,600,459
87$22,373,117$2,515,834$889,850$10,412,610
88$24,562,866$2,546,801$827,351$11,304,750
89$26,973,062$2,576,378$759,850$12,285,046
90$29,626,099$2,604,405$687,090$13,362,501
91$32,546,651$2,630,711$608,798$14,547,042
92$35,761,909$2,655,115$524,691$15,849,612
93$39,301,831$2,677,423$434,476$17,282,276
94$43,199,430$2,697,429$337,843$18,858,337
95$47,491,081$2,714,912$234,470$20,592,459
96$52,216,868$2,729,639$124,021$22,500,808
97$57,420,959$2,741,362$6,146$24,601,208
98$63,152,023$2,749,815$0$26,913,305
99$69,463,690$2,754,717$0$29,486,845
100$76,415,058$2,755,769$0$32,320,985