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%12.5%
1 years$111,482$110,489$109,520$108,574$107,651$106,527
2 years$55,189$54,161$53,165$52,199$51,262$50,130
3 years$36,427$35,395$34,401$33,445$32,523$31,418
4 years$27,048$26,019$25,035$24,095$23,196$22,126
5 years$21,422$20,399$19,428$18,507$17,633$16,603
6 years$17,673$16,657$15,701$14,800$13,952$12,962
7 years$14,996$13,989$13,048$12,168$11,347$10,397
8 years$12,989$11,991$11,065$10,208$9,413$8,504
9 years$11,429$10,440$9,531$8,695$7,927$7,058
10 years$10,181$9,203$8,309$7,495$6,755$5,925
11 years$9,161$8,193$7,315$6,523$5,809$5,019
12 years$8,312$7,353$6,492$5,721$5,034$4,282
13 years$7,594$6,645$5,800$5,051$4,390$3,675
14 years$6,979$6,040$5,211$4,484$3,848$3,169
15 years$6,446$5,518$4,705$3,999$3,388$2,745
16 years$5,981$5,063$4,266$3,580$2,994$2,385
17 years$5,571$4,662$3,882$3,217$2,655$2,079
18 years$5,206$4,308$3,544$2,899$2,361$1,816
19 years$4,881$3,993$3,244$2,620$2,104$1,590
20 years$4,588$3,710$2,977$2,373$1,880$1,395
21 years$4,324$3,456$2,738$2,153$1,682$1,226
22 years$4,084$3,226$2,524$1,958$1,508$1,079
23 years$3,865$3,017$2,330$1,783$1,353$950
24 years$3,665$2,827$2,155$1,626$1,216$838
25 years$3,481$2,653$1,996$1,485$1,095$740
26 years$3,311$2,493$1,851$1,358$986$653
27 years$3,154$2,347$1,719$1,243$889$578
28 years$3,009$2,211$1,598$1,139$802$511
29 years$2,874$2,086$1,487$1,044$724$452
30 years$2,748$1,970$1,385$958$654$401
31 years$2,631$1,862$1,291$880$592$355
32 years$2,521$1,762$1,205$809$535$315
33 years$2,418$1,669$1,125$744$484$279
34 years$2,321$1,582$1,051$684$439$247
35 years$2,230$1,500$983$630$397$219
36 years$2,144$1,424$919$580$360$195
37 years$2,063$1,352$861$535$326$173
38 years$1,987$1,285$806$493$296$153
39 years$1,914$1,222$755$454$268$136
40 years$1,846$1,163$708$419$243$121
41 years$1,781$1,107$664$387$221$107
42 years$1,719$1,054$622$357$200$95
43 years$1,660$1,004$584$329$182$85
44 years$1,604$957$548$304$165$75
45 years$1,551$913$515$281$150$67
46 years$1,500$871$484$259$136$59
47 years$1,451$831$454$240$123$53
48 years$1,405$793$427$222$112$47
49 years$1,361$758$401$205$102$42
50 years$1,318$724$377$189$92$37

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 $6,193 every year, while hoping to spend $23,286 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: 49/37/14 Blend
54$1,350,000$1,350,000$1,350,000$1,350,000
55$1,494,088$1,422,538$1,401,613$1,561,242
56$1,621,709$1,467,466$1,423,791$1,653,070
57$1,761,567$1,513,816$1,445,931$1,749,840
58$1,914,885$1,561,631$1,468,009$1,854,441
59$2,083,011$1,610,959$1,489,995$1,967,613
60$2,267,430$1,661,847$1,511,861$2,090,173
61$2,469,775$1,714,346$1,533,576$2,223,018
62$2,691,849$1,768,505$1,555,108$2,367,136
63$2,935,634$1,824,379$1,576,420$2,523,613
64$3,203,316$1,882,020$1,597,477$2,693,645
65$3,497,301$1,941,485$1,618,239$2,878,549
66$3,820,240$2,002,833$1,638,665$3,079,771
67$4,175,055$2,066,123$1,658,711$3,298,906
68$4,564,964$2,131,415$1,678,331$3,537,710
69$4,993,511$2,198,775$1,697,475$3,798,114
70$5,464,601$2,268,268$1,716,093$4,082,244
71$5,982,538$2,339,961$1,734,130$4,392,443
72$6,552,062$2,413,924$1,751,529$4,731,290
73$7,178,396$2,490,229$1,768,228$5,101,624
74$7,867,293$2,568,951$1,784,164$5,506,571
75$8,625,094$2,650,167$1,799,271$5,949,575
76$9,458,783$2,733,955$1,813,476$6,434,430
77$10,376,058$2,820,398$1,826,707$6,965,310
78$11,385,398$2,909,579$1,838,883$7,546,819
79$12,496,146$3,001,586$1,849,924$8,184,021
80$13,718,598$3,096,509$1,859,741$8,882,500
81$15,064,097$3,194,440$1,868,245$9,648,402
82$16,545,143$3,295,475$1,875,339$10,488,502
83$18,175,507$3,399,713$1,880,922$11,410,259
84$19,970,365$3,507,256$1,884,890$12,421,892
85$21,946,439$3,618,208$1,887,130$13,532,456
86$24,122,154$3,732,678$1,887,527$14,751,925
87$26,517,813$3,850,779$1,885,959$16,091,289
88$29,155,789$3,972,625$1,882,296$17,562,653
89$32,060,732$4,098,336$1,876,406$19,179,358
90$35,259,807$4,228,036$1,868,146$20,956,098
91$38,782,948$4,361,850$1,857,370$22,909,064
92$42,663,138$4,499,910$1,843,921$25,056,097
93$46,936,724$4,642,352$1,827,638$27,416,852
94$51,643,757$4,789,314$1,808,352$30,012,984
95$56,828,372$4,940,942$1,785,883$32,868,357
96$62,539,201$5,097,383$1,760,045$36,009,262
97$68,829,836$5,258,792$1,730,643$39,464,669
98$75,759,332$5,425,326$1,697,473$43,266,499
99$83,392,767$5,597,149$1,660,320$47,449,924
100$91,801,849$5,774,430$1,618,962$52,053,700