Can I retire at age 55 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$112,308$111,307$110,331$109,379$108,448$105,103
2 years$55,598$54,562$53,559$52,586$51,642$48,301
3 years$36,697$35,657$34,656$33,692$32,764$29,532
4 years$27,248$26,212$25,221$24,273$23,367$20,269
5 years$21,581$20,550$19,572$18,644$17,764$14,807
6 years$17,804$16,781$15,817$14,910$14,056$11,244
7 years$15,107$14,093$13,144$12,258$11,431$8,764
8 years$13,085$12,080$11,147$10,283$9,483$6,959
9 years$11,513$10,518$9,601$8,759$7,986$5,602
10 years$10,257$9,271$8,371$7,550$6,805$4,557
11 years$9,229$8,253$7,369$6,571$5,852$3,737
12 years$8,374$7,408$6,540$5,764$5,071$3,085
13 years$7,650$6,694$5,843$5,088$4,422$2,559
14 years$7,031$6,085$5,250$4,517$3,877$2,132
15 years$6,494$5,559$4,740$4,028$3,413$1,782
16 years$6,025$5,100$4,298$3,607$3,017$1,494
17 years$5,612$4,697$3,911$3,241$2,675$1,255
18 years$5,245$4,340$3,570$2,921$2,378$1,057
19 years$4,917$4,022$3,268$2,639$2,120$891
20 years$4,622$3,738$2,999$2,390$1,893$752
21 years$4,356$3,482$2,759$2,169$1,694$636
22 years$4,114$3,250$2,543$1,972$1,519$538
23 years$3,893$3,040$2,348$1,796$1,363$455
24 years$3,692$2,848$2,171$1,638$1,225$386
25 years$3,506$2,673$2,011$1,496$1,103$327
26 years$3,335$2,512$1,865$1,368$993$277
27 years$3,178$2,364$1,732$1,252$896$235
28 years$3,031$2,228$1,610$1,147$808$200
29 years$2,895$2,101$1,498$1,052$730$170
30 years$2,768$1,985$1,396$966$659$144
31 years$2,650$1,876$1,301$887$596$122
32 years$2,539$1,775$1,214$815$539$104
33 years$2,436$1,681$1,133$749$488$88
34 years$2,338$1,593$1,059$690$442$75
35 years$2,246$1,511$990$635$400$64
36 years$2,160$1,434$926$585$363$54
37 years$2,078$1,362$867$539$329$46
38 years$2,001$1,295$812$496$298$39
39 years$1,928$1,231$761$458$270$33
40 years$1,859$1,171$713$422$245$28
41 years$1,794$1,115$668$390$222$24
42 years$1,731$1,062$627$360$202$20
43 years$1,672$1,012$588$332$183$17
44 years$1,616$964$552$306$166$15
45 years$1,562$920$519$283$151$13
46 years$1,511$877$487$261$137$11
47 years$1,462$837$458$242$124$9
48 years$1,415$799$430$223$113$8
49 years$1,371$763$404$206$103$7
50 years$1,328$729$380$191$93$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,360,000, adding $5,648 every year, while hoping to spend $54,315 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: 47/36/17 Blend
54$1,360,000$1,360,000$1,360,000$1,360,000
55$1,504,546$1,432,466$1,411,386$1,567,779
56$1,600,219$1,444,866$1,400,877$1,624,703
57$1,703,830$1,456,053$1,388,195$1,680,493
58$1,816,132$1,465,911$1,373,210$1,739,883
59$1,937,951$1,474,315$1,355,787$1,803,229
60$2,070,199$1,481,133$1,335,782$1,870,927
61$2,213,874$1,486,223$1,313,047$1,943,417
62$2,370,079$1,489,438$1,287,423$2,021,186
63$2,540,024$1,490,618$1,258,749$2,104,771
64$2,725,042$1,489,593$1,226,852$2,194,769
65$2,926,598$1,486,185$1,191,554$2,291,841
66$3,146,307$1,480,204$1,152,666$2,396,717
67$3,385,944$1,471,447$1,109,994$2,510,207
68$3,647,463$1,459,701$1,063,331$2,633,206
69$3,933,015$1,444,737$1,012,465$2,766,706
70$4,244,970$1,426,317$957,169$2,911,803
71$4,585,934$1,404,183$897,211$3,069,709
72$4,958,777$1,378,066$832,346$3,241,767
73$5,366,661$1,347,680$762,318$3,429,460
74$5,813,064$1,312,720$686,860$3,634,430
75$6,301,819$1,272,866$605,692$3,858,492
76$6,837,146$1,227,777$518,524$4,103,650
77$7,423,691$1,177,094$425,050$4,372,124
78$8,066,572$1,120,436$324,954$4,666,364
79$8,771,425$1,057,401$217,903$4,989,079
80$9,544,458$987,561$103,550$5,343,263
81$10,392,508$910,467$0$5,732,224
82$11,323,107$825,643$0$6,162,970
83$12,344,550$732,586$0$6,656,448
84$13,465,974$630,762$0$7,198,387
85$14,697,445$519,612$0$7,793,787
86$16,050,052$398,540$0$8,448,168
87$17,536,009$266,920$0$9,167,617
88$19,168,772$124,089$0$9,958,854
89$20,963,165$0$0$10,829,293
90$22,935,521$0$0$11,799,256
91$25,103,832$0$0$12,919,792
92$27,487,920$0$0$14,152,009
93$30,109,626$0$0$15,507,215
94$32,993,011$0$0$16,997,870
95$36,164,585$0$0$18,637,704
96$39,653,558$0$0$20,441,841
97$43,492,112$0$0$22,426,948
98$47,715,706$0$0$24,611,386
99$52,363,410$0$0$27,015,389
100$57,478,271$0$0$29,661,251