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%12%
1 years$112,308$111,307$110,331$109,379$108,448$107,540
2 years$55,598$54,562$53,559$52,586$51,642$50,726
3 years$36,697$35,657$34,656$33,692$32,764$31,869
4 years$27,248$26,212$25,221$24,273$23,367$22,501
5 years$21,581$20,550$19,572$18,644$17,764$16,928
6 years$17,804$16,781$15,817$14,910$14,056$13,252
7 years$15,107$14,093$13,144$12,258$11,431$10,659
8 years$13,085$12,080$11,147$10,283$9,483$8,743
9 years$11,513$10,518$9,601$8,759$7,986$7,278
10 years$10,257$9,271$8,371$7,550$6,805$6,128
11 years$9,229$8,253$7,369$6,571$5,852$5,207
12 years$8,374$7,408$6,540$5,764$5,071$4,456
13 years$7,650$6,694$5,843$5,088$4,422$3,837
14 years$7,031$6,085$5,250$4,517$3,877$3,320
15 years$6,494$5,559$4,740$4,028$3,413$2,885
16 years$6,025$5,100$4,298$3,607$3,017$2,515
17 years$5,612$4,697$3,911$3,241$2,675$2,200
18 years$5,245$4,340$3,570$2,921$2,378$1,929
19 years$4,917$4,022$3,268$2,639$2,120$1,695
20 years$4,622$3,738$2,999$2,390$1,893$1,493
21 years$4,356$3,482$2,759$2,169$1,694$1,316
22 years$4,114$3,250$2,543$1,972$1,519$1,163
23 years$3,893$3,040$2,348$1,796$1,363$1,028
24 years$3,692$2,848$2,171$1,638$1,225$910
25 years$3,506$2,673$2,011$1,496$1,103$807
26 years$3,335$2,512$1,865$1,368$993$715
27 years$3,178$2,364$1,732$1,252$896$635
28 years$3,031$2,228$1,610$1,147$808$564
29 years$2,895$2,101$1,498$1,052$730$501
30 years$2,768$1,985$1,396$966$659$446
31 years$2,650$1,876$1,301$887$596$396
32 years$2,539$1,775$1,214$815$539$353
33 years$2,436$1,681$1,133$749$488$314
34 years$2,338$1,593$1,059$690$442$280
35 years$2,246$1,511$990$635$400$249
36 years$2,160$1,434$926$585$363$222
37 years$2,078$1,362$867$539$329$198
38 years$2,001$1,295$812$496$298$176
39 years$1,928$1,231$761$458$270$157
40 years$1,859$1,171$713$422$245$140
41 years$1,794$1,115$668$390$222$125
42 years$1,731$1,062$627$360$202$112
43 years$1,672$1,012$588$332$183$99
44 years$1,616$964$552$306$166$89
45 years$1,562$920$519$283$151$79
46 years$1,511$877$487$261$137$71
47 years$1,462$837$458$242$124$63
48 years$1,415$799$430$223$113$56
49 years$1,371$763$404$206$103$50
50 years$1,328$729$380$191$93$45

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 $3,646 every year, while hoping to spend $51,451 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: 49/31/20 Blend
54$1,360,000$1,360,000$1,360,000$1,360,000
55$1,502,481$1,430,401$1,409,321$1,567,498
56$1,600,990$1,445,747$1,401,790$1,628,330
57$1,707,824$1,460,121$1,392,282$1,688,850
58$1,823,775$1,473,420$1,380,677$1,753,515
59$1,949,719$1,485,536$1,366,848$1,822,736
60$2,086,616$1,496,354$1,350,663$1,896,966
61$2,235,525$1,505,749$1,331,984$1,976,709
62$2,397,608$1,513,591$1,310,666$2,062,519
63$2,574,147$1,519,740$1,286,556$2,155,012
64$2,766,551$1,524,047$1,259,497$2,254,868
65$2,976,370$1,526,356$1,229,320$2,362,838
66$3,205,310$1,526,499$1,195,853$2,479,754
67$3,455,252$1,524,297$1,158,914$2,606,534
68$3,728,261$1,519,561$1,118,311$2,744,196
69$4,026,616$1,512,091$1,073,847$2,893,861
70$4,352,822$1,501,675$1,025,312$3,056,772
71$4,709,639$1,488,087$972,489$3,234,300
72$5,100,106$1,471,086$915,151$3,427,962
73$5,527,567$1,450,420$853,060$3,639,431
74$5,995,709$1,425,820$785,966$3,870,560
75$6,508,587$1,397,001$713,612$4,123,394
76$7,070,670$1,363,662$635,725$4,400,190
77$7,686,879$1,325,482$552,023$4,703,444
78$8,362,634$1,282,124$462,209$5,035,911
79$9,103,904$1,233,230$365,975$5,400,636
80$9,917,265$1,178,420$262,997$5,800,979
81$10,809,958$1,117,295$152,940$6,240,650
82$11,789,962$1,049,431$35,452$6,723,748
83$12,866,064$974,379$0$7,254,796
84$14,047,945$891,666$0$7,857,980
85$15,346,267$800,790$0$8,528,943
86$16,772,780$701,222$0$9,266,281
87$18,340,425$592,403$0$10,076,802
88$20,063,460$473,742$0$10,968,010
89$21,957,592$344,614$0$11,948,185
90$24,040,126$204,361$0$13,026,456
91$26,330,129$52,285$0$14,212,891
92$28,848,607$0$0$15,518,593
93$31,618,703$0$0$16,994,131
94$34,665,916$0$0$18,637,066
95$38,018,341$0$0$20,444,731
96$41,706,933$0$0$22,433,838
97$45,765,799$0$0$24,622,801
98$50,232,519$0$0$27,031,912
99$55,148,502$0$0$29,683,526
100$60,559,370$0$0$32,602,276