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%13.9%
1 years$113,133$112,126$111,142$110,183$109,246$107,480
2 years$56,007$54,964$53,953$52,972$52,022$50,248
3 years$36,967$35,919$34,911$33,940$33,005$31,278
4 years$27,449$26,404$25,406$24,452$23,539$21,872
5 years$21,740$20,701$19,716$18,781$17,894$16,292
6 years$17,935$16,904$15,934$15,020$14,159$12,624
7 years$15,218$14,196$13,241$12,348$11,515$10,047
8 years$13,181$12,169$11,229$10,359$9,553$8,152
9 years$11,598$10,595$9,672$8,823$8,045$6,710
10 years$10,332$9,339$8,432$7,606$6,855$5,585
11 years$9,297$8,314$7,424$6,619$5,895$4,690
12 years$8,435$7,462$6,588$5,806$5,109$3,965
13 years$7,706$6,744$5,886$5,126$4,455$3,372
14 years$7,082$6,130$5,289$4,550$3,905$2,881
15 years$6,542$5,600$4,775$4,058$3,438$2,472
16 years$6,070$5,138$4,329$3,633$3,039$2,127
17 years$5,653$4,732$3,939$3,265$2,694$1,836
18 years$5,284$4,372$3,596$2,942$2,396$1,588
19 years$4,953$4,052$3,292$2,658$2,135$1,376
20 years$4,656$3,765$3,021$2,408$1,907$1,195
21 years$4,388$3,507$2,779$2,185$1,707$1,039
22 years$4,144$3,274$2,561$1,987$1,530$904
23 years$3,922$3,062$2,365$1,809$1,373$788
24 years$3,719$2,869$2,187$1,650$1,234$688
25 years$3,532$2,692$2,026$1,507$1,111$600
26 years$3,360$2,530$1,879$1,378$1,001$524
27 years$3,201$2,381$1,745$1,261$902$458
28 years$3,053$2,244$1,622$1,156$814$401
29 years$2,916$2,117$1,509$1,060$735$351
30 years$2,789$1,999$1,406$973$664$307
31 years$2,670$1,890$1,311$893$600$269
32 years$2,558$1,788$1,223$821$543$236
33 years$2,453$1,693$1,142$755$492$207
34 years$2,355$1,605$1,067$695$445$181
35 years$2,263$1,522$997$639$403$159
36 years$2,176$1,445$933$589$365$139
37 years$2,094$1,372$873$543$331$122
38 years$2,016$1,304$818$500$300$107
39 years$1,943$1,240$766$461$272$94
40 years$1,873$1,180$718$425$247$82
41 years$1,807$1,123$673$392$224$72
42 years$1,744$1,070$632$362$203$63
43 years$1,685$1,019$593$334$184$56
44 years$1,628$972$556$309$167$49
45 years$1,574$926$522$285$152$43
46 years$1,522$884$491$263$138$38
47 years$1,473$843$461$243$125$33
48 years$1,426$805$433$225$114$29
49 years$1,381$769$407$208$103$25
50 years$1,338$734$383$192$94$22

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 $6,367 every year, while hoping to spend $54,679 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: 46/34/20 Blend
54$1,370,000$1,370,000$1,370,000$1,370,000
55$1,516,308$1,443,698$1,422,463$1,577,117
56$1,612,793$1,456,261$1,411,937$1,632,883
57$1,717,287$1,467,607$1,399,226$1,687,401
58$1,830,549$1,477,619$1,384,199$1,745,414
59$1,953,415$1,486,171$1,366,719$1,807,271
60$2,086,801$1,493,131$1,346,642$1,873,361
61$2,231,718$1,498,358$1,323,818$1,944,114
62$2,389,276$1,501,701$1,298,089$2,020,008
63$2,560,698$1,503,000$1,269,291$2,101,571
64$2,747,328$1,502,085$1,237,251$2,189,389
65$2,950,645$1,498,778$1,201,789$2,284,110
66$3,172,279$1,492,885$1,162,716$2,386,453
67$3,414,020$1,484,205$1,119,836$2,497,213
68$3,677,840$1,472,522$1,072,941$2,617,270
69$3,965,912$1,457,608$1,021,816$2,747,599
70$4,280,624$1,439,220$966,236$2,889,279
71$4,624,608$1,417,102$905,966$3,043,504
72$5,000,760$1,390,982$840,757$3,211,593
73$5,412,270$1,360,572$770,355$3,395,009
74$5,862,649$1,325,567$694,489$3,595,367
75$6,355,763$1,285,644$612,879$3,814,454
76$6,895,872$1,240,461$525,231$4,054,246
77$7,487,664$1,189,657$431,239$4,316,929
78$8,136,304$1,132,849$330,584$4,604,918
79$8,847,479$1,069,631$222,931$4,920,883
80$9,627,455$999,575$107,932$5,267,774
81$10,483,130$922,229$0$5,648,854
82$11,422,105$837,114$0$6,070,882
83$12,452,751$743,724$0$6,559,469
84$13,584,288$641,523$0$7,096,039
85$14,826,876$529,948$0$7,685,542
86$16,191,702$408,400$0$8,333,434
87$17,691,094$276,250$0$9,045,739
88$19,338,631$132,832$0$9,829,103
89$21,149,272$0$0$10,690,857
90$23,139,500$0$0$11,647,531
91$25,327,469$0$0$12,754,063
92$27,733,186$0$0$13,970,894
93$30,378,689$0$0$15,309,192
94$33,288,259$0$0$16,781,265
95$36,488,651$0$0$18,400,671
96$40,009,339$0$0$20,182,349
97$43,882,802$0$0$22,142,761
98$48,144,821$0$0$24,300,041
99$52,834,825$0$0$26,674,173
100$57,996,255$0$0$29,287,176