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%19.5%
1 years$111,482$110,489$109,520$108,574$107,651$103,543
2 years$55,189$54,161$53,165$52,199$51,262$47,172
3 years$36,427$35,395$34,401$33,445$32,523$28,579
4 years$27,048$26,019$25,035$24,095$23,196$19,428
5 years$21,422$20,399$19,428$18,507$17,633$14,052
6 years$17,673$16,657$15,701$14,800$13,952$10,560
7 years$14,996$13,989$13,048$12,168$11,347$8,142
8 years$12,989$11,991$11,065$10,208$9,413$6,392
9 years$11,429$10,440$9,531$8,695$7,927$5,087
10 years$10,181$9,203$8,309$7,495$6,755$4,088
11 years$9,161$8,193$7,315$6,523$5,809$3,312
12 years$8,312$7,353$6,492$5,721$5,034$2,699
13 years$7,594$6,645$5,800$5,051$4,390$2,211
14 years$6,979$6,040$5,211$4,484$3,848$1,817
15 years$6,446$5,518$4,705$3,999$3,388$1,499
16 years$5,981$5,063$4,266$3,580$2,994$1,239
17 years$5,571$4,662$3,882$3,217$2,655$1,027
18 years$5,206$4,308$3,544$2,899$2,361$852
19 years$4,881$3,993$3,244$2,620$2,104$708
20 years$4,588$3,710$2,977$2,373$1,880$589
21 years$4,324$3,456$2,738$2,153$1,682$491
22 years$4,084$3,226$2,524$1,958$1,508$409
23 years$3,865$3,017$2,330$1,783$1,353$341
24 years$3,665$2,827$2,155$1,626$1,216$285
25 years$3,481$2,653$1,996$1,485$1,095$238
26 years$3,311$2,493$1,851$1,358$986$199
27 years$3,154$2,347$1,719$1,243$889$166
28 years$3,009$2,211$1,598$1,139$802$139
29 years$2,874$2,086$1,487$1,044$724$116
30 years$2,748$1,970$1,385$958$654$97
31 years$2,631$1,862$1,291$880$592$81
32 years$2,521$1,762$1,205$809$535$68
33 years$2,418$1,669$1,125$744$484$57
34 years$2,321$1,582$1,051$684$439$47
35 years$2,230$1,500$983$630$397$40
36 years$2,144$1,424$919$580$360$33
37 years$2,063$1,352$861$535$326$28
38 years$1,987$1,285$806$493$296$23
39 years$1,914$1,222$755$454$268$19
40 years$1,846$1,163$708$419$243$16
41 years$1,781$1,107$664$387$221$14
42 years$1,719$1,054$622$357$200$11
43 years$1,660$1,004$584$329$182$10
44 years$1,604$957$548$304$165$8
45 years$1,551$913$515$281$150$7
46 years$1,500$871$484$259$136$6
47 years$1,451$831$454$240$123$5
48 years$1,405$793$427$222$112$4
49 years$1,361$758$401$205$102$3
50 years$1,318$724$377$189$92$3

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 $2,792 every year, while hoping to spend $35,255 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: 47/35/18 Blend
54$1,350,000$1,350,000$1,350,000$1,350,000
55$1,490,580$1,419,030$1,398,105$1,552,912
56$1,605,108$1,451,051$1,407,430$1,628,595
57$1,730,136$1,483,460$1,415,887$1,706,909
58$1,866,699$1,516,238$1,423,407$1,791,160
59$2,015,933$1,549,365$1,429,923$1,881,919
60$2,179,093$1,582,819$1,435,360$1,979,812
61$2,357,558$1,616,574$1,439,641$2,085,530
62$2,552,846$1,650,603$1,442,686$2,199,836
63$2,766,630$1,684,876$1,444,410$2,323,569
64$3,000,751$1,719,361$1,444,723$2,457,653
65$3,257,239$1,754,021$1,443,533$2,603,111
66$3,538,327$1,788,817$1,440,741$2,761,064
67$3,846,475$1,823,707$1,436,244$2,932,754
68$4,184,391$1,858,645$1,429,934$3,119,546
69$4,555,061$1,893,580$1,421,698$3,322,947
70$4,961,770$1,928,459$1,411,419$3,544,618
71$5,408,140$1,963,223$1,398,970$3,786,388
72$5,898,158$1,997,809$1,384,224$4,050,276
73$6,436,217$2,032,148$1,367,042$4,338,508
74$7,027,156$2,066,169$1,347,283$4,653,537
75$7,676,307$2,099,791$1,324,797$4,998,066
76$8,389,540$2,132,931$1,299,428$5,375,077
77$9,173,326$2,165,497$1,271,012$5,787,858
78$10,034,792$2,197,393$1,239,377$6,240,032
79$10,981,789$2,228,514$1,204,345$6,735,596
80$12,022,969$2,258,749$1,165,728$7,278,953
81$13,167,862$2,287,978$1,123,330$7,874,960
82$14,426,969$2,316,073$1,076,947$8,528,970
83$15,811,858$2,342,899$1,026,362$9,246,887
84$17,335,276$2,368,309$971,354$10,035,216
85$19,011,266$2,392,149$911,686$10,901,131
86$20,855,303$2,414,252$847,116$11,852,542
87$22,884,436$2,434,442$777,386$12,898,165
88$25,117,449$2,452,531$702,230$14,047,612
89$27,575,043$2,468,319$621,368$15,311,478
90$30,280,023$2,481,592$534,509$16,701,444
91$33,257,519$2,492,124$441,349$18,230,386
92$36,535,221$2,499,673$341,569$19,912,497
93$40,143,640$2,503,983$234,838$21,763,426
94$44,116,395$2,504,782$120,809$23,800,420
95$48,490,531$2,501,780$0$26,042,493
96$53,306,869$2,494,671$0$28,510,775
97$58,610,387$2,483,128$0$31,252,972
98$64,450,651$2,466,805$0$34,271,400
99$70,882,274$2,445,336$0$37,594,213
100$77,965,439$2,418,330$0$41,252,438