Can I retire at age 55 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$111,482$110,489$109,520$108,574$107,651$106,704
2 years$55,189$54,161$53,165$52,199$51,262$50,309
3 years$36,427$35,395$34,401$33,445$32,523$31,591
4 years$27,048$26,019$25,035$24,095$23,196$22,294
5 years$21,422$20,399$19,428$18,507$17,633$16,763
6 years$17,673$16,657$15,701$14,800$13,952$13,116
7 years$14,996$13,989$13,048$12,168$11,347$10,544
8 years$12,989$11,991$11,065$10,208$9,413$8,644
9 years$11,429$10,440$9,531$8,695$7,927$7,191
10 years$10,181$9,203$8,309$7,495$6,755$6,051
11 years$9,161$8,193$7,315$6,523$5,809$5,138
12 years$8,312$7,353$6,492$5,721$5,034$4,395
13 years$7,594$6,645$5,800$5,051$4,390$3,781
14 years$6,979$6,040$5,211$4,484$3,848$3,270
15 years$6,446$5,518$4,705$3,999$3,388$2,839
16 years$5,981$5,063$4,266$3,580$2,994$2,474
17 years$5,571$4,662$3,882$3,217$2,655$2,162
18 years$5,206$4,308$3,544$2,899$2,361$1,895
19 years$4,881$3,993$3,244$2,620$2,104$1,664
20 years$4,588$3,710$2,977$2,373$1,880$1,464
21 years$4,324$3,456$2,738$2,153$1,682$1,290
22 years$4,084$3,226$2,524$1,958$1,508$1,139
23 years$3,865$3,017$2,330$1,783$1,353$1,006
24 years$3,665$2,827$2,155$1,626$1,216$890
25 years$3,481$2,653$1,996$1,485$1,095$788
26 years$3,311$2,493$1,851$1,358$986$698
27 years$3,154$2,347$1,719$1,243$889$619
28 years$3,009$2,211$1,598$1,139$802$550
29 years$2,874$2,086$1,487$1,044$724$488
30 years$2,748$1,970$1,385$958$654$434
31 years$2,631$1,862$1,291$880$592$385
32 years$2,521$1,762$1,205$809$535$343
33 years$2,418$1,669$1,125$744$484$305
34 years$2,321$1,582$1,051$684$439$271
35 years$2,230$1,500$983$630$397$241
36 years$2,144$1,424$919$580$360$215
37 years$2,063$1,352$861$535$326$191
38 years$1,987$1,285$806$493$296$170
39 years$1,914$1,222$755$454$268$152
40 years$1,846$1,163$708$419$243$135
41 years$1,781$1,107$664$387$221$121
42 years$1,719$1,054$622$357$200$107
43 years$1,660$1,004$584$329$182$96
44 years$1,604$957$548$304$165$85
45 years$1,551$913$515$281$150$76
46 years$1,500$871$484$259$136$68
47 years$1,451$831$454$240$123$60
48 years$1,405$793$427$222$112$54
49 years$1,361$758$401$205$102$48
50 years$1,318$724$377$189$92$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,350,000, adding $5,015 every year, while hoping to spend $38,452 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: 52/42/6 Blend
54$1,350,000$1,350,000$1,350,000$1,350,000
55$1,492,873$1,421,323$1,400,398$1,568,130
56$1,604,233$1,450,055$1,406,399$1,648,460
57$1,725,664$1,478,906$1,411,312$1,731,158
58$1,858,151$1,507,842$1,415,060$1,820,160
59$2,002,780$1,536,825$1,417,562$1,916,066
60$2,160,747$1,565,813$1,418,734$2,019,539
61$2,333,368$1,594,762$1,418,487$2,131,307
62$2,522,092$1,623,625$1,416,726$2,252,174
63$2,728,513$1,652,350$1,413,354$2,383,026
64$2,954,387$1,680,882$1,408,267$2,524,837
65$3,201,649$1,709,159$1,401,359$2,678,683
66$3,472,428$1,737,119$1,392,515$2,845,749
67$3,769,069$1,764,691$1,381,618$3,027,342
68$4,094,155$1,791,802$1,368,543$3,224,899
69$4,450,530$1,818,371$1,353,160$3,440,010
70$4,841,326$1,844,314$1,335,333$3,674,422
71$5,269,994$1,869,538$1,314,919$3,930,064
72$5,740,334$1,893,946$1,291,770$4,209,061
73$6,256,532$1,917,433$1,265,728$4,513,756
74$6,823,199$1,939,888$1,236,630$4,846,733
75$7,445,413$1,961,190$1,204,306$5,210,838
76$8,128,771$1,981,214$1,168,575$5,609,211
77$8,879,434$1,999,822$1,129,251$6,045,312
78$9,704,193$2,016,870$1,086,137$6,522,956
79$10,610,528$2,032,203$1,039,030$7,046,350
80$11,606,678$2,045,658$987,714$7,620,129
81$12,701,724$2,057,060$931,967$8,249,405
82$13,905,665$2,066,222$871,554$8,939,814
83$15,229,523$2,072,946$806,230$9,697,567
84$16,685,436$2,077,022$735,741$10,529,514
85$18,286,781$2,078,227$659,819$11,443,204
86$20,048,296$2,076,323$578,186$12,446,961
87$21,986,217$2,071,058$490,550$13,549,960
88$24,118,436$2,062,164$396,608$14,762,318
89$26,464,664$2,049,358$296,042$16,095,185
90$29,046,621$2,032,338$188,521$17,560,855
91$31,888,238$2,010,784$73,698$19,172,879
92$35,015,884$1,984,359$0$20,946,196
93$38,458,614$1,952,703$0$22,900,402
94$42,248,443$1,915,435$0$25,055,761
95$46,420,646$1,872,153$0$27,427,588
96$51,014,095$1,822,431$0$30,037,970
97$56,071,619$1,765,817$0$32,911,251
98$61,640,414$1,701,832$0$36,074,266
99$67,772,485$1,629,970$0$39,556,592
100$74,525,137$1,549,698$0$43,390,832