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

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$107,353$106,397$105,464$104,553$103,664$99,946
2 years$53,145$52,155$51,196$50,266$49,364$45,658
3 years$35,078$34,084$33,127$32,206$31,318$27,742
4 years$26,046$25,055$24,108$23,202$22,337$18,916
5 years$20,629$19,644$18,709$17,822$16,980$13,725
6 years$17,018$16,041$15,120$14,252$13,436$10,348
7 years$14,440$13,471$12,564$11,718$10,927$8,006
8 years$12,508$11,547$10,656$9,830$9,065$6,308
9 years$11,005$10,054$9,178$8,373$7,634$5,038
10 years$9,804$8,862$8,001$7,217$6,504$4,065
11 years$8,822$7,889$7,044$6,281$5,594$3,306
12 years$8,004$7,081$6,252$5,509$4,848$2,705
13 years$7,313$6,399$5,585$4,864$4,227$2,224
14 years$6,720$5,817$5,018$4,318$3,706$1,836
15 years$6,208$5,314$4,531$3,851$3,263$1,521
16 years$5,759$4,875$4,108$3,448$2,884$1,263
17 years$5,364$4,490$3,738$3,098$2,557$1,051
18 years$5,014$4,149$3,412$2,792$2,273$876
19 years$4,700$3,845$3,124$2,523$2,026$732
20 years$4,418$3,573$2,867$2,285$1,810$612
21 years$4,164$3,328$2,637$2,074$1,620$512
22 years$3,932$3,107$2,430$1,885$1,452$429
23 years$3,722$2,906$2,244$1,717$1,303$359
24 years$3,529$2,722$2,075$1,566$1,171$301
25 years$3,352$2,555$1,922$1,430$1,054$253
26 years$3,188$2,401$1,783$1,308$949$212
27 years$3,037$2,260$1,655$1,197$856$178
28 years$2,897$2,129$1,539$1,097$772$149
29 years$2,767$2,009$1,432$1,006$697$126
30 years$2,646$1,897$1,334$923$630$105
31 years$2,533$1,793$1,244$848$570$89
32 years$2,427$1,697$1,160$779$515$74
33 years$2,328$1,607$1,083$716$466$63
34 years$2,235$1,523$1,012$659$422$53
35 years$2,147$1,445$946$607$382$44
36 years$2,065$1,371$885$559$347$37
37 years$1,987$1,302$829$515$314$31
38 years$1,913$1,238$776$475$285$26
39 years$1,843$1,177$727$438$258$22
40 years$1,777$1,120$681$404$234$19
41 years$1,715$1,066$639$372$212$16
42 years$1,655$1,015$599$344$193$13
43 years$1,598$967$562$317$175$11
44 years$1,545$922$528$293$159$9
45 years$1,493$879$496$271$144$8
46 years$1,444$839$466$250$131$7
47 years$1,398$800$437$231$119$6
48 years$1,353$764$411$213$108$5
49 years$1,310$730$386$197$98$4
50 years$1,269$697$363$182$89$3

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 $6,121 every year, while hoping to spend $47,753 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: 53/22/25 Blend
54$1,300,000$1,300,000$1,300,000$1,300,000
55$1,438,914$1,370,014$1,349,864$1,504,893
56$1,534,874$1,386,336$1,344,275$1,567,444
57$1,639,022$1,401,857$1,336,899$1,630,066
58$1,752,142$1,416,488$1,327,625$1,697,236
59$1,875,098$1,430,132$1,316,338$1,769,407
60$2,008,838$1,442,689$1,302,915$1,847,078
61$2,154,408$1,454,050$1,287,232$1,930,801
62$2,312,957$1,464,098$1,269,153$2,021,188
63$2,485,750$1,472,710$1,248,542$2,118,913
64$2,674,180$1,479,756$1,225,251$2,224,722
65$2,879,778$1,485,096$1,199,129$2,339,437
66$3,104,232$1,488,582$1,170,016$2,463,968
67$3,349,398$1,490,056$1,137,745$2,599,322
68$3,617,319$1,489,352$1,102,142$2,746,607
69$3,910,246$1,486,291$1,063,025$2,907,051
70$4,230,656$1,480,684$1,020,201$3,082,006
71$4,581,278$1,472,332$973,473$3,272,970
72$4,965,114$1,461,023$922,630$3,481,594
73$5,385,473$1,446,530$867,455$3,709,701
74$5,845,997$1,428,616$807,721$3,959,305
75$6,350,697$1,407,026$743,188$4,232,629
76$6,903,992$1,381,494$673,608$4,532,127
77$7,510,746$1,351,735$598,722$4,860,510
78$8,176,320$1,317,448$518,257$5,220,767
79$8,906,616$1,278,314$431,930$5,616,199
80$9,708,136$1,233,996$339,444$6,050,450
81$10,588,042$1,184,138$240,492$6,527,542
82$11,554,223$1,128,362$134,749$7,051,911
83$12,615,370$1,066,268$21,879$7,628,454
84$13,781,057$997,433$0$8,262,575
85$15,061,829$921,412$0$8,986,529
86$16,469,306$837,731$0$9,788,540
87$18,016,287$745,892$0$10,670,124
88$19,716,874$645,367$0$11,639,395
89$21,586,604$535,599$0$12,705,297
90$23,642,592$415,997$0$13,877,691
91$25,903,697$285,942$0$15,167,447
92$28,390,695$144,774$0$16,586,548
93$31,126,480$0$0$18,148,202
94$34,136,272$0$0$19,868,956
95$37,447,862$0$0$21,800,960
96$41,091,869$0$0$23,927,047
97$45,102,032$0$0$26,266,921
98$49,515,523$0$0$28,842,290
99$54,373,302$0$0$31,677,076
100$59,720,502$0$0$34,797,635