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%13.6%
1 years$109,830$108,852$107,897$106,966$106,056$104,471
2 years$54,371$53,359$52,377$51,426$50,503$48,910
3 years$35,888$34,871$33,892$32,949$32,041$30,489
4 years$26,647$25,634$24,664$23,738$22,852$21,353
5 years$21,105$20,097$19,141$18,233$17,372$15,931
6 years$17,411$16,411$15,468$14,581$13,746$12,364
7 years$14,773$13,782$12,854$11,988$11,179$9,857
8 years$12,796$11,813$10,902$10,056$9,274$8,011
9 years$11,259$10,286$9,389$8,566$7,810$6,606
10 years$10,030$9,066$8,186$7,384$6,655$5,509
11 years$9,026$8,071$7,207$6,426$5,723$4,634
12 years$8,189$7,244$6,396$5,637$4,960$3,926
13 years$7,481$6,547$5,714$4,976$4,325$3,345
14 years$6,876$5,951$5,134$4,417$3,791$2,864
15 years$6,351$5,436$4,636$3,939$3,338$2,462
16 years$5,892$4,988$4,203$3,527$2,950$2,123
17 years$5,488$4,593$3,824$3,169$2,616$1,836
18 years$5,129$4,244$3,491$2,856$2,326$1,592
19 years$4,809$3,934$3,196$2,581$2,073$1,383
20 years$4,520$3,655$2,933$2,337$1,852$1,203
21 years$4,260$3,405$2,698$2,121$1,657$1,048
22 years$4,023$3,178$2,487$1,929$1,485$915
23 years$3,808$2,973$2,296$1,757$1,333$799
24 years$3,610$2,785$2,123$1,602$1,198$699
25 years$3,429$2,614$1,967$1,463$1,078$611
26 years$3,262$2,457$1,824$1,338$971$536
27 years$3,107$2,312$1,694$1,225$876$469
28 years$2,964$2,178$1,574$1,122$790$411
29 years$2,831$2,055$1,465$1,029$714$361
30 years$2,707$1,941$1,365$944$645$317
31 years$2,592$1,835$1,272$867$583$278
32 years$2,483$1,736$1,187$797$527$244
33 years$2,382$1,644$1,108$733$477$215
34 years$2,287$1,558$1,036$674$432$189
35 years$2,197$1,478$968$621$391$166
36 years$2,112$1,403$906$572$355$146
37 years$2,033$1,332$848$527$321$128
38 years$1,957$1,266$794$486$291$113
39 years$1,886$1,204$744$448$264$99
40 years$1,818$1,146$697$413$240$87
41 years$1,754$1,090$654$381$217$77
42 years$1,693$1,038$613$352$197$67
43 years$1,635$989$575$325$179$59
44 years$1,580$943$540$300$163$52
45 years$1,528$899$507$277$148$46
46 years$1,478$858$476$256$134$40
47 years$1,430$819$448$236$122$36
48 years$1,384$782$421$218$110$31
49 years$1,340$746$395$202$100$28
50 years$1,299$713$372$186$91$24

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 $2,842 every year, while hoping to spend $21,555 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: 34/46/20 Blend
54$1,330,000$1,330,000$1,330,000$1,330,000
55$1,468,592$1,398,102$1,377,487$1,509,431
56$1,595,454$1,443,674$1,400,698$1,585,405
57$1,734,533$1,490,757$1,423,965$1,665,091
58$1,887,053$1,539,403$1,447,265$1,750,574
59$2,054,362$1,589,663$1,470,578$1,842,382
60$2,237,944$1,641,593$1,493,879$1,941,091
61$2,439,432$1,695,249$1,517,143$2,047,337
62$2,660,630$1,750,691$1,540,342$2,161,818
63$2,903,519$1,807,980$1,563,448$2,285,299
64$3,170,285$1,867,178$1,586,431$2,418,625
65$3,463,335$1,928,352$1,609,258$2,562,721
66$3,785,322$1,991,567$1,631,894$2,718,607
67$4,139,166$2,056,895$1,654,304$2,887,403
68$4,528,086$2,124,408$1,676,448$3,070,344
69$4,955,627$2,194,181$1,698,286$3,268,784
70$5,425,697$2,266,292$1,719,774$3,484,217
71$5,942,599$2,340,820$1,740,867$3,718,284
72$6,511,074$2,417,851$1,761,516$3,972,792
73$7,136,347$2,497,469$1,781,671$4,249,730
74$7,824,174$2,579,764$1,801,276$4,551,287
75$8,580,897$2,664,830$1,820,276$4,879,871
76$9,413,503$2,752,761$1,838,610$5,238,135
77$10,329,692$2,843,658$1,856,215$5,628,999
78$11,337,946$2,937,623$1,873,024$6,055,676
79$12,447,613$3,034,763$1,888,966$6,521,707
80$13,668,991$3,135,188$1,903,969$7,030,988
81$15,013,430$3,239,014$1,917,953$7,587,810
82$16,493,432$3,346,358$1,930,838$8,196,899
83$18,122,777$3,457,345$1,942,535$8,863,458
84$19,916,646$3,572,100$1,952,956$9,593,220
85$21,891,768$3,690,757$1,962,004$10,392,495
86$24,066,577$3,813,452$1,969,579$11,268,237
87$26,461,384$3,940,328$1,975,576$12,228,103
88$29,098,572$4,071,531$1,979,885$13,280,526
89$32,002,804$4,207,214$1,982,389$14,434,799
90$35,201,258$4,347,535$1,982,967$15,701,154
91$38,723,880$4,492,658$1,981,490$17,090,865
92$42,603,670$4,642,752$1,977,824$18,616,350
93$46,876,993$4,797,996$1,971,830$20,291,292
94$51,583,918$4,958,570$1,963,358$22,130,761
95$56,768,603$5,124,664$1,952,256$24,151,361
96$62,479,703$5,296,476$1,938,359$26,371,384
97$68,770,838$5,474,209$1,921,500$28,810,985
98$75,701,093$5,658,074$1,901,499$31,492,365
99$83,335,575$5,848,291$1,878,170$34,439,988
100$91,746,034$6,045,087$1,851,319$37,680,806