Can I retire at age 55 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$125,520$124,402$123,311$122,247$121,207$118,469
2 years$62,139$60,981$59,860$58,772$57,718$54,974
3 years$41,014$39,852$38,733$37,656$36,618$33,955
4 years$30,454$29,295$28,188$27,129$26,117$23,553
5 years$24,120$22,968$21,875$20,838$19,853$17,398
6 years$19,898$18,755$17,678$16,664$15,709$13,364
7 years$16,884$15,751$14,691$13,700$12,776$10,541
8 years$14,624$13,501$12,459$11,493$10,599$8,474
9 years$12,868$11,755$10,731$9,789$8,926$6,909
10 years$11,463$10,362$9,355$8,439$7,605$5,694
11 years$10,315$9,224$8,236$7,344$6,541$4,733
12 years$9,359$8,279$7,310$6,442$5,668$3,961
13 years$8,550$7,482$6,531$5,687$4,943$3,333
14 years$7,858$6,801$5,868$5,048$4,333$2,817
15 years$7,258$6,213$5,298$4,502$3,815$2,390
16 years$6,734$5,700$4,803$4,031$3,372$2,033
17 years$6,272$5,250$4,371$3,622$2,989$1,735
18 years$5,862$4,851$3,990$3,264$2,658$1,483
19 years$5,495$4,496$3,653$2,950$2,369$1,270
20 years$5,166$4,178$3,352$2,671$2,116$1,090
21 years$4,868$3,891$3,083$2,424$1,894$936
22 years$4,598$3,632$2,842$2,204$1,698$805
23 years$4,352$3,397$2,624$2,008$1,524$693
24 years$4,126$3,183$2,427$1,831$1,370$597
25 years$3,919$2,987$2,248$1,672$1,232$515
26 years$3,728$2,807$2,084$1,529$1,110$444
27 years$3,551$2,642$1,936$1,399$1,001$383
28 years$3,388$2,490$1,799$1,282$903$331
29 years$3,236$2,349$1,675$1,176$815$286
30 years$3,094$2,218$1,560$1,079$737$247
31 years$2,962$2,097$1,454$991$666$213
32 years$2,838$1,984$1,357$911$603$184
33 years$2,722$1,879$1,267$838$545$159
34 years$2,613$1,781$1,184$771$494$138
35 years$2,511$1,689$1,107$709$447$119
36 years$2,414$1,603$1,035$653$405$103
37 years$2,323$1,523$969$602$367$89
38 years$2,237$1,447$907$555$333$77
39 years$2,155$1,376$850$512$302$67
40 years$2,078$1,309$797$472$274$58
41 years$2,005$1,246$747$435$248$50
42 years$1,935$1,187$701$402$225$43
43 years$1,869$1,131$658$371$205$37
44 years$1,806$1,078$617$342$186$32
45 years$1,746$1,028$580$316$169$28
46 years$1,689$981$544$292$153$24
47 years$1,634$936$511$270$139$21
48 years$1,582$893$481$249$126$18
49 years$1,532$853$452$231$115$16
50 years$1,484$815$425$213$104$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,520,000, adding $3,990 every year, while hoping to spend $45,083 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: 53/39/8 Blend
54$1,520,000$1,520,000$1,520,000$1,520,000
55$1,679,156$1,598,596$1,575,036$1,764,641
56$1,802,462$1,628,959$1,579,831$1,853,428
57$1,936,834$1,659,299$1,583,277$1,944,721
58$2,083,353$1,689,567$1,585,279$2,042,964
59$2,243,210$1,719,711$1,585,741$2,148,822
60$2,417,714$1,749,673$1,584,559$2,263,029
61$2,608,307$1,779,393$1,581,628$2,386,393
62$2,816,575$1,808,804$1,576,834$2,519,804
63$3,044,267$1,837,837$1,570,059$2,664,246
64$3,293,307$1,866,415$1,561,180$2,820,799
65$3,565,812$1,894,457$1,550,068$2,990,659
66$3,864,115$1,921,876$1,536,585$3,175,140
67$4,190,784$1,948,577$1,520,590$3,375,692
68$4,548,648$1,974,462$1,501,934$3,593,914
69$4,940,822$1,999,423$1,480,461$3,831,570
70$5,370,737$2,023,345$1,456,007$4,090,603
71$5,842,170$2,046,107$1,428,402$4,373,155
72$6,359,284$2,067,579$1,397,466$4,681,589
73$6,926,661$2,087,621$1,363,011$5,018,510
74$7,549,351$2,106,084$1,324,842$5,386,791
75$8,232,915$2,122,812$1,282,754$5,789,597
76$8,983,478$2,137,636$1,236,533$6,230,420
77$9,807,789$2,150,377$1,185,953$6,713,111
78$10,713,282$2,160,843$1,130,780$7,241,913
79$11,708,146$2,168,833$1,070,770$7,821,507
80$12,801,402$2,174,131$1,005,666$8,457,053
81$14,002,989$2,176,508$935,201$9,154,240
82$15,323,858$2,175,721$859,094$9,919,340
83$16,776,070$2,171,511$777,053$10,759,271
84$18,372,918$2,163,603$688,772$11,681,657
85$20,129,044$2,151,707$593,934$12,694,904
86$22,060,580$2,135,515$492,204$13,808,283
87$24,185,301$2,114,697$383,235$15,032,012
88$26,522,792$2,088,908$266,664$16,377,358
89$29,094,631$2,057,778$142,111$17,856,742
90$31,924,592$2,020,918$9,181$19,483,858
91$35,038,872$1,977,915$0$21,273,803
92$38,466,335$1,928,331$0$23,254,547
93$42,238,785$1,871,702$0$25,434,685
94$46,391,264$1,807,539$0$27,833,699
95$50,962,385$1,735,321$0$30,473,930
96$55,994,697$1,654,500$0$33,380,002
97$61,535,080$1,564,494$0$36,579,060
98$67,635,192$1,464,689$0$40,101,024
99$74,351,958$1,354,435$0$43,978,874
100$81,748,100$1,233,044$0$48,248,964