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

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$111,482$110,489$109,520$108,574$107,651$106,928
2 years$55,189$54,161$53,165$52,199$51,262$50,533
3 years$36,427$35,395$34,401$33,445$32,523$31,810
4 years$27,048$26,019$25,035$24,095$23,196$22,505
5 years$21,422$20,399$19,428$18,507$17,633$16,966
6 years$17,673$16,657$15,701$14,800$13,952$13,310
7 years$14,996$13,989$13,048$12,168$11,347$10,730
8 years$12,989$11,991$11,065$10,208$9,413$8,821
9 years$11,429$10,440$9,531$8,695$7,927$7,360
10 years$10,181$9,203$8,309$7,495$6,755$6,212
11 years$9,161$8,193$7,315$6,523$5,809$5,291
12 years$8,312$7,353$6,492$5,721$5,034$4,540
13 years$7,594$6,645$5,800$5,051$4,390$3,919
14 years$6,979$6,040$5,211$4,484$3,848$3,400
15 years$6,446$5,518$4,705$3,999$3,388$2,962
16 years$5,981$5,063$4,266$3,580$2,994$2,590
17 years$5,571$4,662$3,882$3,217$2,655$2,271
18 years$5,206$4,308$3,544$2,899$2,361$1,997
19 years$4,881$3,993$3,244$2,620$2,104$1,760
20 years$4,588$3,710$2,977$2,373$1,880$1,554
21 years$4,324$3,456$2,738$2,153$1,682$1,375
22 years$4,084$3,226$2,524$1,958$1,508$1,218
23 years$3,865$3,017$2,330$1,783$1,353$1,080
24 years$3,665$2,827$2,155$1,626$1,216$959
25 years$3,481$2,653$1,996$1,485$1,095$853
26 years$3,311$2,493$1,851$1,358$986$759
27 years$3,154$2,347$1,719$1,243$889$676
28 years$3,009$2,211$1,598$1,139$802$602
29 years$2,874$2,086$1,487$1,044$724$537
30 years$2,748$1,970$1,385$958$654$479
31 years$2,631$1,862$1,291$880$592$427
32 years$2,521$1,762$1,205$809$535$381
33 years$2,418$1,669$1,125$744$484$341
34 years$2,321$1,582$1,051$684$439$304
35 years$2,230$1,500$983$630$397$272
36 years$2,144$1,424$919$580$360$243
37 years$2,063$1,352$861$535$326$218
38 years$1,987$1,285$806$493$296$195
39 years$1,914$1,222$755$454$268$174
40 years$1,846$1,163$708$419$243$156
41 years$1,781$1,107$664$387$221$139
42 years$1,719$1,054$622$357$200$125
43 years$1,660$1,004$584$329$182$112
44 years$1,604$957$548$304$165$100
45 years$1,551$913$515$281$150$89
46 years$1,500$871$484$259$136$80
47 years$1,451$831$454$240$123$72
48 years$1,405$793$427$222$112$64
49 years$1,361$758$401$205$102$58
50 years$1,318$724$377$189$92$52

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 $3,797 every year, while hoping to spend $31,445 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: 61/15/24 Blend
54$1,350,000$1,350,000$1,350,000$1,350,000
55$1,491,617$1,420,067$1,399,142$1,572,881
56$1,610,304$1,456,193$1,412,556$1,664,578
57$1,740,044$1,493,035$1,425,365$1,760,847
58$1,881,930$1,530,595$1,437,517$1,865,235
59$2,037,168$1,568,875$1,448,954$1,978,536
60$2,207,083$1,607,874$1,459,617$2,101,627
61$2,393,136$1,647,590$1,469,445$2,235,475
62$2,596,935$1,688,022$1,478,372$2,381,145
63$2,820,253$1,729,166$1,486,328$2,539,810
64$3,065,040$1,771,016$1,493,241$2,712,762
65$3,333,445$1,813,566$1,499,035$2,901,426
66$3,627,833$1,856,808$1,503,629$3,107,372
67$3,950,812$1,900,731$1,506,941$3,332,329
68$4,305,253$1,945,325$1,508,881$3,578,204
69$4,694,317$1,990,574$1,509,357$3,847,098
70$5,121,489$2,036,464$1,508,272$4,141,325
71$5,590,605$2,082,975$1,505,524$4,463,437
72$6,105,893$2,130,087$1,501,005$4,816,247
73$6,672,009$2,177,776$1,494,604$5,202,852
74$7,294,084$2,226,017$1,486,202$5,626,668
75$7,977,768$2,274,779$1,475,678$6,091,460
76$8,729,288$2,324,032$1,462,901$6,601,375
77$9,555,504$2,373,737$1,447,737$7,160,985
78$10,463,972$2,423,857$1,430,043$7,775,330
79$11,463,019$2,474,348$1,409,671$8,449,963
80$12,561,818$2,525,162$1,386,466$9,191,005
81$13,770,476$2,576,247$1,360,265$10,005,200
82$15,100,129$2,627,548$1,330,898$10,899,985
83$16,563,045$2,679,001$1,298,186$11,883,552
84$18,172,745$2,730,541$1,261,944$12,964,934
85$19,944,122$2,782,095$1,221,977$14,154,082
86$21,893,589$2,833,584$1,178,080$15,461,968
87$24,039,229$2,884,924$1,130,040$16,900,680
88$26,400,969$2,936,023$1,077,634$18,483,544
89$29,000,762$2,986,783$1,020,629$20,225,245
90$31,862,802$3,037,097$958,782$22,141,970
91$35,013,744$3,086,851$891,838$24,251,555
92$38,482,962$3,135,923$819,530$26,573,661
93$42,302,822$3,184,181$741,582$29,129,956
94$46,508,986$3,231,483$657,702$31,944,319
95$51,140,755$3,277,678$567,588$35,043,069
96$56,241,432$3,322,603$470,921$38,455,213
97$61,858,734$3,366,087$367,373$42,212,716
98$68,045,242$3,407,942$256,597$46,350,811
99$74,858,897$3,447,971$138,233$50,908,327
100$82,363,545$3,485,963$11,905$55,928,055