Can I retire at age 55 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$124,694$123,584$122,500$121,442$120,410$119,053
2 years$61,730$60,580$59,466$58,386$57,338$55,972
3 years$40,744$39,590$38,478$37,408$36,377$35,045
4 years$30,254$29,103$28,002$26,951$25,945$24,656
5 years$23,961$22,817$21,731$20,701$19,723$18,481
6 years$19,767$18,632$17,562$16,554$15,606$14,413
7 years$16,773$15,647$14,594$13,610$12,692$11,549
8 years$14,528$13,412$12,377$11,417$10,529$9,435
9 years$12,783$11,678$10,660$9,725$8,867$7,822
10 years$11,388$10,293$9,294$8,383$7,555$6,558
11 years$10,247$9,164$8,182$7,296$6,498$5,548
12 years$9,297$8,225$7,261$6,399$5,631$4,727
13 years$8,494$7,433$6,488$5,650$4,910$4,052
14 years$7,806$6,756$5,829$5,015$4,304$3,490
15 years$7,211$6,172$5,263$4,473$3,790$3,018
16 years$6,690$5,663$4,772$4,005$3,349$2,619
17 years$6,231$5,215$4,342$3,598$2,970$2,279
18 years$5,823$4,819$3,964$3,243$2,641$1,989
19 years$5,459$4,466$3,629$2,930$2,354$1,739
20 years$5,132$4,150$3,330$2,654$2,102$1,523
21 years$4,836$3,866$3,063$2,408$1,881$1,336
22 years$4,568$3,608$2,823$2,190$1,686$1,174
23 years$4,323$3,375$2,607$1,994$1,514$1,033
24 years$4,099$3,162$2,411$1,819$1,361$909
25 years$3,893$2,967$2,233$1,661$1,224$801
26 years$3,703$2,789$2,071$1,519$1,103$707
27 years$3,528$2,625$1,923$1,390$994$624
28 years$3,365$2,473$1,788$1,274$897$551
29 years$3,214$2,333$1,664$1,168$810$487
30 years$3,074$2,204$1,549$1,072$732$431
31 years$2,942$2,083$1,445$985$662$381
32 years$2,819$1,971$1,348$905$599$337
33 years$2,704$1,867$1,258$832$542$298
34 years$2,596$1,769$1,176$766$491$264
35 years$2,494$1,678$1,099$705$444$234
36 years$2,398$1,593$1,028$649$403$207
37 years$2,308$1,513$963$598$365$183
38 years$2,222$1,438$901$551$331$163
39 years$2,141$1,367$844$508$300$144
40 years$2,064$1,301$792$469$272$128
41 years$1,992$1,238$742$433$247$113
42 years$1,922$1,179$696$399$224$100
43 years$1,857$1,123$653$368$203$89
44 years$1,794$1,071$613$340$184$79
45 years$1,734$1,021$576$314$167$70
46 years$1,678$974$541$290$152$62
47 years$1,623$930$508$268$138$55
48 years$1,571$887$477$248$125$49
49 years$1,522$847$449$229$114$43
50 years$1,474$809$422$212$103$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,510,000, adding $4,167 every year, while hoping to spend $24,884 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: 42/28/30 Blend
54$1,510,000$1,510,000$1,510,000$1,510,000
55$1,668,318$1,588,288$1,564,883$1,723,582
56$1,812,010$1,639,638$1,590,830$1,815,266
57$1,969,525$1,692,670$1,616,813$1,911,858
58$2,142,246$1,747,440$1,642,805$2,016,003
59$2,331,697$1,804,007$1,668,781$2,128,417
60$2,539,557$1,862,430$1,694,712$2,249,883
61$2,767,674$1,922,771$1,720,568$2,381,268
62$3,018,085$1,985,095$1,746,315$2,523,522
63$3,293,034$2,049,469$1,771,921$2,677,693
64$3,594,991$2,115,961$1,797,348$2,844,934
65$3,926,679$2,184,642$1,822,558$3,026,513
66$4,291,097$2,255,586$1,847,510$3,223,827
67$4,691,548$2,328,868$1,872,161$3,438,415
68$5,131,672$2,404,569$1,896,464$3,671,970
69$5,615,478$2,482,769$1,920,371$3,926,357
70$6,147,385$2,563,552$1,943,832$4,203,630
71$6,732,258$2,647,007$1,966,790$4,506,049
72$7,375,461$2,733,222$1,989,190$4,836,105
73$8,082,900$2,822,293$2,010,970$5,196,543
74$8,861,085$2,914,314$2,032,067$5,590,382
75$9,717,188$3,009,388$2,052,414$6,020,951
76$10,659,110$3,107,616$2,071,938$6,491,915
77$11,695,557$3,209,107$2,090,566$7,007,313
78$12,836,121$3,313,971$2,108,217$7,571,592
79$14,091,374$3,422,324$2,124,811$8,189,653
80$15,472,960$3,534,284$2,140,258$8,866,894
81$16,993,712$3,649,974$2,154,467$9,609,262
82$18,667,770$3,769,522$2,167,341$10,423,309
83$20,510,714$3,893,060$2,178,778$11,316,253
84$22,539,712$4,020,725$2,188,672$12,296,048
85$24,773,680$4,152,658$2,196,910$13,371,456
86$27,233,462$4,289,005$2,203,373$14,552,130
87$29,942,028$4,429,918$2,207,939$15,848,708
88$32,924,685$4,575,556$2,210,476$17,272,910
89$36,209,324$4,726,079$2,210,848$18,837,649
90$39,826,676$4,881,657$2,208,911$20,557,154
91$43,810,603$5,042,464$2,204,516$22,447,104
92$48,198,421$5,208,682$2,197,504$24,524,774
93$53,031,250$5,380,497$2,187,710$26,809,199
94$58,354,399$5,558,103$2,174,961$29,321,354
95$64,217,800$5,741,702$2,159,074$32,084,352
96$70,676,472$5,931,502$2,139,859$35,123,660
97$77,791,045$6,127,719$2,117,117$38,467,343
98$85,628,330$6,330,575$2,090,639$42,146,323
99$94,261,950$6,540,303$2,060,206$46,194,678
100$103,773,034$6,757,144$2,025,588$50,649,956