Can I retire at age 55 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$123,869$122,765$121,689$120,638$119,612$117,197
2 years$61,321$60,179$59,072$57,999$56,958$54,536
3 years$40,475$39,328$38,224$37,161$36,137$33,782
4 years$30,053$28,910$27,817$26,772$25,773$23,505
5 years$23,802$22,666$21,587$20,564$19,592$17,417
6 years$19,636$18,508$17,446$16,445$15,503$13,422
7 years$16,662$15,543$14,497$13,520$12,608$10,623
8 years$14,432$13,323$12,295$11,342$10,459$8,569
9 years$12,698$11,600$10,590$9,661$8,808$7,012
10 years$11,312$10,225$9,232$8,328$7,505$5,800
11 years$10,179$9,103$8,128$7,247$6,455$4,840
12 years$9,236$8,170$7,213$6,357$5,593$4,066
13 years$8,438$7,384$6,445$5,612$4,878$3,435
14 years$7,754$6,711$5,791$4,982$4,276$2,915
15 years$7,163$6,131$5,228$4,443$3,765$2,483
16 years$6,646$5,625$4,740$3,978$3,327$2,122
17 years$6,190$5,181$4,313$3,574$2,950$1,818
18 years$5,785$4,787$3,937$3,221$2,623$1,561
19 years$5,423$4,437$3,605$2,911$2,338$1,343
20 years$5,098$4,123$3,308$2,636$2,088$1,158
21 years$4,804$3,840$3,043$2,393$1,869$999
22 years$4,537$3,585$2,804$2,175$1,675$863
23 years$4,294$3,353$2,589$1,981$1,504$746
24 years$4,072$3,141$2,395$1,807$1,352$646
25 years$3,867$2,948$2,218$1,650$1,216$559
26 years$3,679$2,770$2,057$1,509$1,096$485
27 years$3,505$2,607$1,910$1,381$988$421
28 years$3,343$2,457$1,776$1,265$891$365
29 years$3,193$2,318$1,652$1,160$805$317
30 years$3,053$2,189$1,539$1,065$727$275
31 years$2,923$2,069$1,435$978$657$239
32 years$2,801$1,958$1,339$899$595$207
33 years$2,686$1,854$1,250$827$538$180
34 years$2,579$1,757$1,168$761$487$157
35 years$2,478$1,667$1,092$700$441$136
36 years$2,382$1,582$1,022$645$400$118
37 years$2,292$1,503$956$594$362$103
38 years$2,207$1,428$895$548$329$90
39 years$2,127$1,358$839$505$298$78
40 years$2,051$1,292$786$466$270$68
41 years$1,978$1,230$737$430$245$59
42 years$1,910$1,171$692$397$222$51
43 years$1,844$1,116$649$366$202$45
44 years$1,782$1,064$609$338$183$39
45 years$1,723$1,014$572$312$166$34
46 years$1,666$968$537$288$151$29
47 years$1,613$923$505$266$137$26
48 years$1,561$882$474$246$125$22
49 years$1,512$842$446$227$113$19
50 years$1,465$804$419$210$103$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,500,000, adding $2,603 every year, while hoping to spend $44,275 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: 76/10/14 Blend
54$1,500,000$1,500,000$1,500,000$1,500,000
55$1,655,685$1,576,185$1,552,935$1,776,471
56$1,777,457$1,606,310$1,557,850$1,886,666
57$1,910,165$1,636,427$1,561,446$2,001,621
58$2,054,879$1,666,489$1,563,631$2,126,425
59$2,212,775$1,696,445$1,564,311$2,262,044
60$2,385,148$1,726,241$1,563,386$2,409,543
61$2,573,423$1,755,816$1,560,749$2,570,095
62$2,779,169$1,785,108$1,556,291$2,744,990
63$3,004,114$1,814,048$1,549,896$2,935,652
64$3,250,159$1,842,562$1,541,444$3,143,649
65$3,519,399$1,870,572$1,530,806$3,370,707
66$3,814,140$1,897,992$1,517,850$3,618,732
67$4,136,922$1,924,733$1,502,437$3,889,819
68$4,490,539$1,950,697$1,484,421$4,186,279
69$4,878,073$1,975,779$1,463,647$4,510,659
70$5,302,914$1,999,871$1,439,958$4,865,766
71$5,768,799$2,022,851$1,413,183$5,254,689
72$6,279,841$2,044,595$1,383,149$5,680,838
73$6,840,571$2,064,967$1,349,672$6,147,967
74$7,455,982$2,083,824$1,312,559$6,660,213
75$8,131,572$2,101,011$1,271,609$7,222,137
76$8,873,397$2,116,365$1,226,612$7,838,763
77$9,688,129$2,129,712$1,177,349$8,515,630
78$10,583,117$2,140,867$1,123,589$9,258,840
79$11,566,458$2,149,632$1,065,093$10,075,119
80$12,647,072$2,155,799$1,001,608$10,971,880
81$13,834,784$2,159,145$932,873$11,957,291
82$15,140,421$2,159,432$858,614$13,040,354
83$16,575,910$2,156,410$778,543$14,230,991
84$18,154,390$2,149,811$692,361$15,540,137
85$19,890,339$2,139,353$599,757$16,979,841
86$21,799,707$2,124,735$500,402$18,563,383
87$23,900,068$2,105,637$393,956$20,305,400
88$26,210,784$2,081,723$280,063$22,222,022
89$28,753,191$2,052,634$158,352$24,331,025
90$31,550,793$2,017,990$28,433$26,652,001
91$34,629,491$1,977,389$0$29,206,540
92$38,017,823$1,930,405$0$32,034,902
93$41,747,232$1,876,586$0$35,152,451
94$45,852,367$1,815,455$0$38,583,901
95$50,371,403$1,746,507$0$42,361,174
96$55,346,406$1,669,207$0$46,519,443
97$60,823,730$1,582,988$0$51,097,471
98$66,854,448$1,487,251$0$56,137,971
99$73,494,840$1,381,365$0$61,688,010
100$80,806,921$1,264,660$0$67,799,458