Can I retire at age 55 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$113,133$112,126$111,142$110,183$109,246$107,524
2 years$56,007$54,964$53,953$52,972$52,022$50,292
3 years$36,967$35,919$34,911$33,940$33,005$31,320
4 years$27,449$26,404$25,406$24,452$23,539$21,913
5 years$21,740$20,701$19,716$18,781$17,894$16,331
6 years$17,935$16,904$15,934$15,020$14,159$12,661
7 years$15,218$14,196$13,241$12,348$11,515$10,082
8 years$13,181$12,169$11,229$10,359$9,553$8,185
9 years$11,598$10,595$9,672$8,823$8,045$6,742
10 years$10,332$9,339$8,432$7,606$6,855$5,615
11 years$9,297$8,314$7,424$6,619$5,895$4,718
12 years$8,435$7,462$6,588$5,806$5,109$3,992
13 years$7,706$6,744$5,886$5,126$4,455$3,397
14 years$7,082$6,130$5,289$4,550$3,905$2,904
15 years$6,542$5,600$4,775$4,058$3,438$2,493
16 years$6,070$5,138$4,329$3,633$3,039$2,147
17 years$5,653$4,732$3,939$3,265$2,694$1,854
18 years$5,284$4,372$3,596$2,942$2,396$1,605
19 years$4,953$4,052$3,292$2,658$2,135$1,392
20 years$4,656$3,765$3,021$2,408$1,907$1,209
21 years$4,388$3,507$2,779$2,185$1,707$1,052
22 years$4,144$3,274$2,561$1,987$1,530$917
23 years$3,922$3,062$2,365$1,809$1,373$800
24 years$3,719$2,869$2,187$1,650$1,234$698
25 years$3,532$2,692$2,026$1,507$1,111$610
26 years$3,360$2,530$1,879$1,378$1,001$533
27 years$3,201$2,381$1,745$1,261$902$467
28 years$3,053$2,244$1,622$1,156$814$409
29 years$2,916$2,117$1,509$1,060$735$358
30 years$2,789$1,999$1,406$973$664$313
31 years$2,670$1,890$1,311$893$600$275
32 years$2,558$1,788$1,223$821$543$241
33 years$2,453$1,693$1,142$755$492$211
34 years$2,355$1,605$1,067$695$445$185
35 years$2,263$1,522$997$639$403$163
36 years$2,176$1,445$933$589$365$143
37 years$2,094$1,372$873$543$331$125
38 years$2,016$1,304$818$500$300$110
39 years$1,943$1,240$766$461$272$97
40 years$1,873$1,180$718$425$247$85
41 years$1,807$1,123$673$392$224$74
42 years$1,744$1,070$632$362$203$65
43 years$1,685$1,019$593$334$184$57
44 years$1,628$972$556$309$167$50
45 years$1,574$926$522$285$152$44
46 years$1,522$884$491$263$138$39
47 years$1,473$843$461$243$125$34
48 years$1,426$805$433$225$114$30
49 years$1,381$769$407$208$103$26
50 years$1,338$734$383$192$94$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,370,000, adding $2,458 every year, while hoping to spend $48,185 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: 38/41/21 Blend
54$1,370,000$1,370,000$1,370,000$1,370,000
55$1,512,275$1,439,665$1,418,430$1,560,148
56$1,615,259$1,458,941$1,414,679$1,614,294
57$1,727,132$1,477,545$1,409,188$1,668,059
58$1,848,750$1,495,396$1,401,846$1,725,181
59$1,981,055$1,512,403$1,392,541$1,785,993
60$2,125,083$1,528,470$1,381,151$1,850,861
61$2,281,973$1,543,497$1,367,551$1,920,193
62$2,452,980$1,557,374$1,351,610$1,994,436
63$2,639,485$1,569,986$1,333,189$2,074,092
64$2,843,007$1,581,210$1,312,145$2,159,710
65$3,065,218$1,590,913$1,288,327$2,251,904
66$3,307,959$1,598,958$1,261,575$2,351,349
67$3,573,258$1,605,194$1,231,725$2,458,794
68$3,863,346$1,609,464$1,198,604$2,575,069
69$4,180,680$1,611,601$1,162,029$2,701,091
70$4,527,966$1,611,425$1,121,813$2,837,876
71$4,908,181$1,608,747$1,077,757$2,986,545
72$5,324,606$1,603,367$1,029,653$3,148,343
73$5,780,855$1,595,070$977,284$3,324,642
74$6,280,904$1,583,631$920,426$3,516,963
75$6,829,136$1,568,809$858,840$3,726,986
76$7,430,377$1,550,350$792,280$3,956,568
77$8,089,941$1,527,983$720,487$4,207,764
78$8,813,684$1,501,422$643,192$4,482,843
79$9,608,053$1,470,365$560,112$4,784,315
80$10,480,152$1,434,490$470,954$5,114,952
81$11,437,805$1,393,458$375,408$5,477,819
82$12,489,633$1,346,909$273,156$5,876,301
83$13,645,129$1,294,462$163,861$6,314,137
84$14,914,756$1,235,714$47,173$6,795,459
85$16,310,035$1,170,238$0$7,324,831
86$17,843,664$1,097,585$0$7,924,624
87$19,529,627$1,017,276$0$8,595,479
88$21,383,336$928,809$0$9,333,051
89$23,421,765$831,650$0$10,144,218
90$25,663,620$725,236$0$11,036,570
91$28,129,509$608,972$0$12,018,481
92$30,842,136$482,229$0$13,099,188
93$33,826,520$344,344$0$14,288,879
94$37,110,222$194,614$0$15,598,796
95$40,723,615$32,300$0$17,041,338
96$44,700,160$0$0$18,630,179
97$49,076,729$0$0$20,445,093
98$53,893,948$0$0$22,459,004
99$59,196,582$0$0$24,676,082
100$65,033,957$0$0$27,116,979