Can I retire at age 55 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$108,179$107,215$106,275$105,357$104,461$102,604
2 years$53,554$52,556$51,590$50,653$49,743$47,879
3 years$35,348$34,346$33,382$32,454$31,559$29,745
4 years$26,247$25,248$24,294$23,381$22,508$20,759
5 years$20,787$19,795$18,853$17,959$17,110$15,430
6 years$17,149$16,164$15,236$14,362$13,539$11,930
7 years$14,551$13,574$12,661$11,808$11,011$9,474
8 years$12,604$11,636$10,738$9,905$9,135$7,669
9 years$11,090$10,131$9,248$8,437$7,693$6,298
10 years$9,880$8,930$8,063$7,273$6,554$5,229
11 years$8,890$7,950$7,098$6,329$5,637$4,380
12 years$8,066$7,135$6,300$5,552$4,885$3,694
13 years$7,369$6,448$5,628$4,901$4,260$3,133
14 years$6,772$5,861$5,057$4,351$3,734$2,670
15 years$6,255$5,354$4,566$3,880$3,288$2,284
16 years$5,804$4,913$4,140$3,474$2,906$1,960
17 years$5,406$4,524$3,767$3,122$2,576$1,686
18 years$5,052$4,181$3,439$2,813$2,291$1,455
19 years$4,736$3,875$3,148$2,542$2,042$1,257
20 years$4,452$3,600$2,889$2,302$1,824$1,088
21 years$4,196$3,354$2,657$2,089$1,632$943
22 years$3,963$3,131$2,449$1,900$1,463$819
23 years$3,750$2,928$2,261$1,730$1,313$711
24 years$3,556$2,743$2,091$1,578$1,180$618
25 years$3,377$2,574$1,937$1,441$1,062$538
26 years$3,213$2,420$1,797$1,318$957$469
27 years$3,061$2,277$1,668$1,206$863$408
28 years$2,920$2,146$1,551$1,105$778$356
29 years$2,789$2,024$1,443$1,013$703$311
30 years$2,667$1,912$1,344$930$635$271
31 years$2,553$1,807$1,253$854$574$237
32 years$2,446$1,710$1,169$785$519$207
33 years$2,346$1,619$1,092$722$470$180
34 years$2,252$1,535$1,020$664$426$158
35 years$2,164$1,456$954$611$385$138
36 years$2,081$1,382$892$563$349$120
37 years$2,002$1,312$835$519$317$105
38 years$1,928$1,247$782$478$287$92
39 years$1,858$1,186$733$441$260$80
40 years$1,791$1,128$687$407$236$70
41 years$1,728$1,074$644$375$214$61
42 years$1,668$1,023$604$346$194$54
43 years$1,611$975$567$320$176$47
44 years$1,556$929$532$295$160$41
45 years$1,505$886$500$273$145$36
46 years$1,455$845$469$252$132$31
47 years$1,408$806$441$233$120$27
48 years$1,363$770$414$215$109$24
49 years$1,320$735$389$199$99$21
50 years$1,279$702$366$184$90$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,310,000, adding $3,610 every year, while hoping to spend $28,877 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: 43/32/25 Blend
54$1,310,000$1,310,000$1,310,000$1,310,000
55$1,447,344$1,377,914$1,357,609$1,498,896
56$1,564,248$1,414,707$1,372,364$1,572,794
57$1,692,108$1,452,334$1,386,645$1,649,769
58$1,832,012$1,490,808$1,400,407$1,732,602
59$1,985,157$1,530,137$1,413,599$1,821,852
60$2,152,860$1,570,330$1,426,172$1,918,132
61$2,336,573$1,611,398$1,438,070$2,022,120
62$2,537,894$1,653,347$1,449,237$2,134,562
63$2,758,585$1,696,187$1,459,611$2,256,279
64$3,000,583$1,739,923$1,469,131$2,388,175
65$3,266,025$1,784,561$1,477,730$2,531,247
66$3,557,263$1,830,108$1,485,336$2,686,594
67$3,876,887$1,876,566$1,491,878$2,855,427
68$4,227,751$1,923,940$1,497,278$3,039,077
69$4,613,000$1,972,231$1,501,455$3,239,016
70$5,036,095$2,021,439$1,504,323$3,456,861
71$5,500,852$2,071,565$1,505,793$3,694,399
72$6,011,473$2,122,606$1,505,771$3,953,594
73$6,572,588$2,174,558$1,504,159$4,236,614
74$7,189,296$2,227,416$1,500,853$4,545,848
75$7,867,218$2,281,173$1,495,745$4,883,928
76$8,612,542$2,335,819$1,488,721$5,253,755
77$9,432,091$2,391,343$1,479,662$5,658,526
78$10,333,377$2,447,731$1,468,443$6,101,765
79$11,324,679$2,504,968$1,454,933$6,587,357
80$12,415,119$2,563,034$1,438,996$7,119,580
81$13,614,746$2,621,908$1,420,488$7,703,155
82$14,934,634$2,681,565$1,399,258$8,343,280
83$16,386,983$2,741,978$1,375,150$9,045,688
84$17,985,235$2,803,115$1,347,997$9,816,695
85$19,744,203$2,864,941$1,317,629$10,663,263
86$21,680,206$2,927,418$1,283,864$11,593,067
87$23,811,228$2,990,502$1,246,514$12,614,566
88$26,157,082$3,054,146$1,205,381$13,737,080
89$28,739,603$3,118,297$1,160,260$14,970,887
90$31,582,847$3,182,899$1,110,934$16,327,310
91$34,713,324$3,247,887$1,057,177$17,818,833
92$38,160,244$3,313,195$998,753$19,459,213
93$41,955,794$3,378,747$935,417$21,263,612
94$46,135,442$3,444,461$866,909$23,248,746
95$50,738,268$3,510,251$792,962$25,433,033
96$55,807,338$3,576,020$713,293$27,836,775
97$61,390,107$3,641,666$627,609$30,482,351
98$67,538,867$3,707,076$535,602$33,394,421
99$74,311,239$3,772,131$436,953$36,600,169
100$81,770,722$3,836,701$331,327$40,129,552