Can I retire at age 55 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$109,830$108,852$107,897$106,966$106,056$102,785
2 years$54,371$53,359$52,377$51,426$50,503$47,236
3 years$35,888$34,871$33,892$32,949$32,041$28,880
4 years$26,647$25,634$24,664$23,738$22,852$19,822
5 years$21,105$20,097$19,141$18,233$17,372$14,481
6 years$17,411$16,411$15,468$14,581$13,746$10,996
7 years$14,773$13,782$12,854$11,988$11,179$8,571
8 years$12,796$11,813$10,902$10,056$9,274$6,806
9 years$11,259$10,286$9,389$8,566$7,810$5,479
10 years$10,030$9,066$8,186$7,384$6,655$4,457
11 years$9,026$8,071$7,207$6,426$5,723$3,655
12 years$8,189$7,244$6,396$5,637$4,960$3,017
13 years$7,481$6,547$5,714$4,976$4,325$2,503
14 years$6,876$5,951$5,134$4,417$3,791$2,085
15 years$6,351$5,436$4,636$3,939$3,338$1,743
16 years$5,892$4,988$4,203$3,527$2,950$1,461
17 years$5,488$4,593$3,824$3,169$2,616$1,228
18 years$5,129$4,244$3,491$2,856$2,326$1,033
19 years$4,809$3,934$3,196$2,581$2,073$871
20 years$4,520$3,655$2,933$2,337$1,852$736
21 years$4,260$3,405$2,698$2,121$1,657$622
22 years$4,023$3,178$2,487$1,929$1,485$526
23 years$3,808$2,973$2,296$1,757$1,333$445
24 years$3,610$2,785$2,123$1,602$1,198$377
25 years$3,429$2,614$1,967$1,463$1,078$320
26 years$3,262$2,457$1,824$1,338$971$271
27 years$3,107$2,312$1,694$1,225$876$230
28 years$2,964$2,178$1,574$1,122$790$195
29 years$2,831$2,055$1,465$1,029$714$166
30 years$2,707$1,941$1,365$944$645$141
31 years$2,592$1,835$1,272$867$583$120
32 years$2,483$1,736$1,187$797$527$102
33 years$2,382$1,644$1,108$733$477$86
34 years$2,287$1,558$1,036$674$432$73
35 years$2,197$1,478$968$621$391$62
36 years$2,112$1,403$906$572$355$53
37 years$2,033$1,332$848$527$321$45
38 years$1,957$1,266$794$486$291$38
39 years$1,886$1,204$744$448$264$33
40 years$1,818$1,146$697$413$240$28
41 years$1,754$1,090$654$381$217$24
42 years$1,693$1,038$613$352$197$20
43 years$1,635$989$575$325$179$17
44 years$1,580$943$540$300$163$14
45 years$1,528$899$507$277$148$12
46 years$1,478$858$476$256$134$10
47 years$1,430$819$448$236$122$9
48 years$1,384$782$421$218$110$8
49 years$1,340$746$395$202$100$6
50 years$1,299$713$372$186$91$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,330,000, adding $2,825 every year, while hoping to spend $58,812 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: 53/33/14 Blend
54$1,330,000$1,330,000$1,330,000$1,330,000
55$1,468,574$1,398,084$1,377,469$1,540,798
56$1,555,793$1,404,015$1,361,039$1,596,321
57$1,649,937$1,408,265$1,342,087$1,650,184
58$1,751,651$1,410,690$1,320,467$1,707,454
59$1,861,642$1,411,136$1,296,025$1,768,471
60$1,980,689$1,409,442$1,268,602$1,833,609
61$2,109,648$1,405,432$1,238,028$1,903,284
62$2,249,458$1,398,925$1,204,128$1,977,957
63$2,401,155$1,389,724$1,166,719$2,058,137
64$2,565,876$1,377,624$1,125,607$2,144,390
65$2,744,872$1,362,404$1,080,591$2,237,342
66$2,939,520$1,343,833$1,031,462$2,337,686
67$3,151,334$1,321,664$977,999$2,446,189
68$3,381,980$1,295,636$919,973$2,563,703
69$3,633,293$1,265,473$857,142$2,691,166
70$3,907,290$1,230,882$789,258$2,829,621
71$4,206,191$1,191,553$716,056$2,980,219
72$4,532,442$1,147,158$637,263$3,144,236
73$4,888,733$1,097,350$552,592$3,323,080
74$5,278,025$1,041,762$461,746$3,518,313
75$5,703,581$980,006$364,412$3,731,660
76$6,168,990$911,670$260,264$3,965,028
77$6,678,206$836,321$148,961$4,220,527
78$7,235,581$753,499$30,150$4,500,490
79$7,845,908$662,718$0$4,807,493
80$8,514,467$563,467$0$5,158,824
81$9,247,069$455,203$0$5,548,941
82$10,050,116$337,355$0$5,976,874
83$10,930,659$209,317$0$6,446,534
84$11,896,464$70,451$0$6,962,233
85$12,956,084$0$0$7,528,733
86$14,118,939$0$0$8,180,313
87$15,395,408$0$0$8,923,768
88$16,796,921$0$0$9,740,192
89$18,336,071$0$0$10,636,935
90$20,026,729$0$0$11,622,100
91$21,884,176$0$0$12,704,606
92$23,925,246$0$0$13,894,286
93$26,168,485$0$0$15,201,968
94$28,634,324$0$0$16,639,584
95$31,345,274$0$0$18,220,277
96$34,326,134$0$0$19,958,530
97$37,604,226$0$0$21,870,297
98$41,209,653$0$0$23,973,159
99$45,175,583$0$0$26,286,484
100$49,538,557$0$0$28,831,612