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%13%
1 years$107,353$106,397$105,464$104,553$103,664$102,368
2 years$53,145$52,155$51,196$50,266$49,364$48,060
3 years$35,078$34,084$33,127$32,206$31,318$30,047
4 years$26,046$25,055$24,108$23,202$22,337$21,108
5 years$20,629$19,644$18,709$17,822$16,980$15,797
6 years$17,018$16,041$15,120$14,252$13,436$12,300
7 years$14,440$13,471$12,564$11,718$10,927$9,839
8 years$12,508$11,547$10,656$9,830$9,065$8,024
9 years$11,005$10,054$9,178$8,373$7,634$6,641
10 years$9,804$8,862$8,001$7,217$6,504$5,558
11 years$8,822$7,889$7,044$6,281$5,594$4,693
12 years$8,004$7,081$6,252$5,509$4,848$3,991
13 years$7,313$6,399$5,585$4,864$4,227$3,414
14 years$6,720$5,817$5,018$4,318$3,706$2,935
15 years$6,208$5,314$4,531$3,851$3,263$2,533
16 years$5,759$4,875$4,108$3,448$2,884$2,193
17 years$5,364$4,490$3,738$3,098$2,557$1,905
18 years$5,014$4,149$3,412$2,792$2,273$1,658
19 years$4,700$3,845$3,124$2,523$2,026$1,447
20 years$4,418$3,573$2,867$2,285$1,810$1,265
21 years$4,164$3,328$2,637$2,074$1,620$1,107
22 years$3,932$3,107$2,430$1,885$1,452$970
23 years$3,722$2,906$2,244$1,717$1,303$852
24 years$3,529$2,722$2,075$1,566$1,171$748
25 years$3,352$2,555$1,922$1,430$1,054$658
26 years$3,188$2,401$1,783$1,308$949$579
27 years$3,037$2,260$1,655$1,197$856$510
28 years$2,897$2,129$1,539$1,097$772$449
29 years$2,767$2,009$1,432$1,006$697$396
30 years$2,646$1,897$1,334$923$630$349
31 years$2,533$1,793$1,244$848$570$308
32 years$2,427$1,697$1,160$779$515$272
33 years$2,328$1,607$1,083$716$466$240
34 years$2,235$1,523$1,012$659$422$212
35 years$2,147$1,445$946$607$382$187
36 years$2,065$1,371$885$559$347$165
37 years$1,987$1,302$829$515$314$146
38 years$1,913$1,238$776$475$285$129
39 years$1,843$1,177$727$438$258$114
40 years$1,777$1,120$681$404$234$101
41 years$1,715$1,066$639$372$212$89
42 years$1,655$1,015$599$344$193$79
43 years$1,598$967$562$317$175$70
44 years$1,545$922$528$293$159$62
45 years$1,493$879$496$271$144$55
46 years$1,444$839$466$250$131$48
47 years$1,398$800$437$231$119$43
48 years$1,353$764$411$213$108$38
49 years$1,310$730$386$197$98$33
50 years$1,269$697$363$182$89$30

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 $3,724 every year, while hoping to spend $35,468 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: 69/23/8 Blend
54$1,300,000$1,300,000$1,300,000$1,300,000
55$1,436,441$1,367,541$1,347,391$1,533,266
56$1,545,221$1,396,813$1,354,791$1,627,161
57$1,663,907$1,426,331$1,361,250$1,725,163
58$1,793,473$1,456,068$1,366,700$1,831,411
59$1,934,989$1,485,998$1,371,067$1,946,707
60$2,089,636$1,516,090$1,374,275$2,071,933
61$2,258,711$1,546,311$1,376,246$2,208,062
62$2,443,644$1,576,624$1,376,894$2,356,165
63$2,646,008$1,606,991$1,376,132$2,517,423
64$2,867,536$1,637,368$1,373,868$2,693,135
65$3,110,136$1,667,711$1,370,004$2,884,733
66$3,375,911$1,697,969$1,364,440$3,093,795
67$3,667,173$1,728,089$1,357,068$3,322,060
68$3,986,472$1,758,013$1,347,777$3,571,441
69$4,336,614$1,787,678$1,336,450$3,844,048
70$4,720,692$1,817,018$1,322,964$4,142,207
71$5,142,111$1,845,960$1,307,192$4,468,480
72$5,604,622$1,874,428$1,288,998$4,825,687
73$6,112,357$1,902,337$1,268,243$5,216,941
74$6,669,866$1,929,601$1,244,778$5,645,668
75$7,282,164$1,956,123$1,218,450$6,115,644
76$7,954,774$1,981,802$1,189,096$6,631,032
77$8,693,779$2,006,528$1,156,549$7,196,418
78$9,505,882$2,030,186$1,120,632$7,816,856
79$10,398,469$2,052,652$1,081,160$8,497,916
80$11,379,673$2,073,792$1,037,939$9,245,736
81$12,458,458$2,093,466$990,768$10,067,080
82$13,644,698$2,111,523$939,436$10,969,403
83$14,949,271$2,127,802$883,721$11,960,920
84$16,384,165$2,142,132$823,394$13,050,686
85$17,962,585$2,154,332$758,213$14,248,678
86$19,699,082$2,164,208$687,926$15,565,893
87$21,609,687$2,171,553$612,271$17,014,451
88$23,712,065$2,176,149$530,972$18,607,706
89$26,025,679$2,177,763$443,742$20,360,379
90$28,571,973$2,176,149$350,283$22,288,693
91$31,374,577$2,171,042$250,280$24,410,524
92$34,459,527$2,162,167$143,407$26,745,577
93$37,855,511$2,149,225$29,324$29,315,567
94$41,594,140$2,131,904$0$32,144,425
95$45,710,247$2,109,872$0$35,266,415
96$50,242,212$2,082,776$0$38,705,900
97$55,232,328$2,050,242$0$42,492,441
98$60,727,195$2,011,873$0$46,661,378
99$66,778,166$1,967,252$0$51,251,657
100$73,441,825$1,915,934$0$56,306,196