Can I retire at age 55 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$107,353$106,397$105,464$104,553$103,664$102,752
2 years$53,145$52,155$51,196$50,266$49,364$48,445
3 years$35,078$34,084$33,127$32,206$31,318$30,421
4 years$26,046$25,055$24,108$23,202$22,337$21,468
5 years$20,629$19,644$18,709$17,822$16,980$16,142
6 years$17,018$16,041$15,120$14,252$13,436$12,630
7 years$14,440$13,471$12,564$11,718$10,927$10,153
8 years$12,508$11,547$10,656$9,830$9,065$8,324
9 years$11,005$10,054$9,178$8,373$7,634$6,925
10 years$9,804$8,862$8,001$7,217$6,504$5,827
11 years$8,822$7,889$7,044$6,281$5,594$4,948
12 years$8,004$7,081$6,252$5,509$4,848$4,232
13 years$7,313$6,399$5,585$4,864$4,227$3,641
14 years$6,720$5,817$5,018$4,318$3,706$3,149
15 years$6,208$5,314$4,531$3,851$3,263$2,734
16 years$5,759$4,875$4,108$3,448$2,884$2,382
17 years$5,364$4,490$3,738$3,098$2,557$2,082
18 years$5,014$4,149$3,412$2,792$2,273$1,824
19 years$4,700$3,845$3,124$2,523$2,026$1,602
20 years$4,418$3,573$2,867$2,285$1,810$1,410
21 years$4,164$3,328$2,637$2,074$1,620$1,242
22 years$3,932$3,107$2,430$1,885$1,452$1,096
23 years$3,722$2,906$2,244$1,717$1,303$969
24 years$3,529$2,722$2,075$1,566$1,171$857
25 years$3,352$2,555$1,922$1,430$1,054$759
26 years$3,188$2,401$1,783$1,308$949$673
27 years$3,037$2,260$1,655$1,197$856$596
28 years$2,897$2,129$1,539$1,097$772$529
29 years$2,767$2,009$1,432$1,006$697$470
30 years$2,646$1,897$1,334$923$630$418
31 years$2,533$1,793$1,244$848$570$371
32 years$2,427$1,697$1,160$779$515$330
33 years$2,328$1,607$1,083$716$466$294
34 years$2,235$1,523$1,012$659$422$261
35 years$2,147$1,445$946$607$382$233
36 years$2,065$1,371$885$559$347$207
37 years$1,987$1,302$829$515$314$184
38 years$1,913$1,238$776$475$285$164
39 years$1,843$1,177$727$438$258$146
40 years$1,777$1,120$681$404$234$130
41 years$1,715$1,066$639$372$212$116
42 years$1,655$1,015$599$344$193$103
43 years$1,598$967$562$317$175$92
44 years$1,545$922$528$293$159$82
45 years$1,493$879$496$271$144$73
46 years$1,444$839$466$250$131$65
47 years$1,398$800$437$231$119$58
48 years$1,353$764$411$213$108$52
49 years$1,310$730$386$197$98$46
50 years$1,269$697$363$182$89$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,300,000, adding $2,307 every year, while hoping to spend $53,805 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: 23/47/30 Blend
54$1,300,000$1,300,000$1,300,000$1,300,000
55$1,434,980$1,366,080$1,345,930$1,454,399
56$1,524,099$1,375,769$1,333,770$1,481,366
57$1,620,506$1,384,131$1,319,400$1,505,570
58$1,724,886$1,391,042$1,302,688$1,530,357
59$1,837,994$1,396,372$1,283,498$1,555,813
60$1,960,661$1,399,985$1,261,686$1,582,034
61$2,093,797$1,401,734$1,237,102$1,609,134
62$2,238,408$1,401,462$1,209,588$1,637,241
63$2,395,596$1,399,005$1,178,980$1,666,504
64$2,566,578$1,394,187$1,145,107$1,697,089
65$2,752,688$1,386,821$1,107,787$1,729,189
66$2,955,398$1,376,711$1,066,834$1,763,020
67$3,176,325$1,363,646$1,022,049$1,798,829
68$3,417,250$1,347,405$973,228$1,836,893
69$3,680,133$1,327,751$920,154$1,877,526
70$3,967,132$1,304,436$862,604$1,921,082
71$4,280,620$1,277,194$800,343$1,967,961
72$4,623,213$1,245,746$733,124$2,018,611
73$4,997,788$1,209,795$660,691$2,073,536
74$5,407,515$1,169,028$582,776$2,133,301
75$5,855,882$1,123,111$499,100$2,198,540
76$6,346,732$1,071,693$409,370$2,269,963
77$6,884,295$1,014,403$313,280$2,348,365
78$7,473,231$950,847$210,513$2,434,635
79$8,118,671$880,608$100,736$2,529,763
80$8,826,266$803,248$0$2,634,860
81$9,602,239$718,302$0$2,756,415
82$10,453,446$625,277$0$2,925,305
83$11,387,436$523,655$0$3,110,908
84$12,412,528$412,887$0$3,315,060
85$13,537,882$292,394$0$3,539,796
86$14,773,589$161,565$0$3,787,371
87$16,130,765$19,752$0$4,060,284
88$17,621,658$0$0$4,361,301
89$19,259,756$0$0$4,762,646
90$21,059,921$0$0$5,215,169
91$23,038,528$0$0$5,712,802
92$25,213,612$0$0$6,260,113
93$27,605,048$0$0$6,862,135
94$30,234,729$0$0$7,524,413
95$33,126,778$0$0$8,253,057
96$36,307,771$0$0$9,054,798
97$39,806,990$0$0$9,937,056
98$43,656,697$0$0$10,908,001
99$47,892,441$0$0$11,976,640
100$52,553,388$0$0$13,152,895