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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.5%
1 years$123,869$122,765$121,689$120,638$119,612$115,969
2 years$61,321$60,179$59,072$57,999$56,958$53,319
3 years$40,475$39,328$38,224$37,161$36,137$32,616
4 years$30,053$28,910$27,817$26,772$25,773$22,397
5 years$23,802$22,666$21,587$20,564$19,592$16,371
6 years$19,636$18,508$17,446$16,445$15,503$12,438
7 years$16,662$15,543$14,497$13,520$12,608$9,700
8 years$14,432$13,323$12,295$11,342$10,459$7,707
9 years$12,698$11,600$10,590$9,661$8,808$6,208
10 years$11,312$10,225$9,232$8,328$7,505$5,053
11 years$10,179$9,103$8,128$7,247$6,455$4,147
12 years$9,236$8,170$7,213$6,357$5,593$3,425
13 years$8,438$7,384$6,445$5,612$4,878$2,843
14 years$7,754$6,711$5,791$4,982$4,276$2,370
15 years$7,163$6,131$5,228$4,443$3,765$1,983
16 years$6,646$5,625$4,740$3,978$3,327$1,663
17 years$6,190$5,181$4,313$3,574$2,950$1,399
18 years$5,785$4,787$3,937$3,221$2,623$1,178
19 years$5,423$4,437$3,605$2,911$2,338$994
20 years$5,098$4,123$3,308$2,636$2,088$840
21 years$4,804$3,840$3,043$2,393$1,869$710
22 years$4,537$3,585$2,804$2,175$1,675$601
23 years$4,294$3,353$2,589$1,981$1,504$510
24 years$4,072$3,141$2,395$1,807$1,352$432
25 years$3,867$2,948$2,218$1,650$1,216$367
26 years$3,679$2,770$2,057$1,509$1,096$311
27 years$3,505$2,607$1,910$1,381$988$264
28 years$3,343$2,457$1,776$1,265$891$224
29 years$3,193$2,318$1,652$1,160$805$191
30 years$3,053$2,189$1,539$1,065$727$162
31 years$2,923$2,069$1,435$978$657$138
32 years$2,801$1,958$1,339$899$595$117
33 years$2,686$1,854$1,250$827$538$100
34 years$2,579$1,757$1,168$761$487$85
35 years$2,478$1,667$1,092$700$441$72
36 years$2,382$1,582$1,022$645$400$61
37 years$2,292$1,503$956$594$362$52
38 years$2,207$1,428$895$548$329$44
39 years$2,127$1,358$839$505$298$38
40 years$2,051$1,292$786$466$270$32
41 years$1,978$1,230$737$430$245$27
42 years$1,910$1,171$692$397$222$23
43 years$1,844$1,116$649$366$202$20
44 years$1,782$1,064$609$338$183$17
45 years$1,723$1,014$572$312$166$14
46 years$1,666$968$537$288$151$12
47 years$1,613$923$505$266$137$10
48 years$1,561$882$474$246$125$9
49 years$1,512$842$446$227$113$8
50 years$1,465$804$419$210$103$6

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 $4,656 every year, while hoping to spend $36,805 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: 66/6/28 Blend
54$1,500,000$1,500,000$1,500,000$1,500,000
55$1,657,803$1,578,303$1,555,053$1,754,710
56$1,787,738$1,616,479$1,567,987$1,858,862
57$1,929,694$1,655,293$1,580,120$1,968,161
58$2,084,856$1,694,736$1,591,388$2,086,859
59$2,254,533$1,734,800$1,601,721$2,215,884
60$2,440,163$1,775,472$1,611,046$2,356,263
61$2,643,331$1,816,741$1,619,287$2,509,124
62$2,865,781$1,858,592$1,626,364$2,675,713
63$3,109,435$1,901,008$1,632,192$2,857,403
64$3,376,410$1,943,969$1,636,683$3,055,704
65$3,669,035$1,987,455$1,639,743$3,272,284
66$3,989,877$2,031,441$1,641,274$3,508,981
67$4,341,763$2,075,900$1,641,175$3,767,818
68$4,727,806$2,120,802$1,639,338$4,051,027
69$5,151,435$2,166,115$1,635,649$4,361,069
70$5,616,429$2,211,802$1,629,991$4,700,653
71$6,126,948$2,257,824$1,622,239$5,072,769
72$6,687,576$2,304,136$1,612,263$5,480,709
73$7,303,361$2,350,692$1,599,927$5,928,104
74$7,979,867$2,397,438$1,585,087$6,418,955
75$8,723,221$2,444,320$1,567,595$6,957,671
76$9,540,173$2,491,275$1,547,293$7,549,114
77$10,438,160$2,538,237$1,524,017$8,198,641
78$11,425,376$2,585,135$1,497,595$8,912,157
79$12,510,848$2,631,890$1,467,848$9,696,171
80$13,704,520$2,678,418$1,434,587$10,557,857
81$15,017,351$2,724,630$1,397,615$11,505,121
82$16,461,411$2,770,428$1,356,725$12,546,679
83$18,050,003$2,815,707$1,311,704$13,692,135
84$19,797,782$2,860,354$1,262,324$14,952,077
85$21,720,894$2,904,250$1,208,350$16,338,172
86$23,837,131$2,947,264$1,149,536$17,863,283
87$26,166,097$2,989,259$1,085,624$19,541,584
88$28,729,391$3,030,085$1,016,344$21,388,698
89$31,550,813$3,069,583$941,416$23,421,843
90$34,656,587$3,107,584$860,545$25,659,997
91$38,075,610$3,143,906$773,424$28,124,078
92$41,839,720$3,178,356$679,732$30,837,137
93$45,984,002$3,210,726$579,134$33,824,583
94$50,547,115$3,240,796$471,279$37,114,417
95$55,571,657$3,268,331$355,803$40,737,503
96$61,104,567$3,293,081$232,324$44,727,853
97$67,197,569$3,314,778$100,443$49,122,957
98$73,907,658$3,333,139$0$53,964,130
99$81,297,638$3,347,862$0$59,308,945
100$89,436,715$3,358,625$0$65,228,354