Can I retire at age 55 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$126,346$125,221$124,123$123,051$122,004$118,622
2 years$62,548$61,383$60,254$59,159$58,097$54,715
3 years$41,284$40,114$38,988$37,904$36,859$33,583
4 years$30,655$29,488$28,373$27,308$26,288$23,143
5 years$24,278$23,119$22,019$20,975$19,984$16,978
6 years$20,029$18,878$17,795$16,774$15,813$12,949
7 years$16,995$15,854$14,787$13,791$12,860$10,139
8 years$14,721$13,590$12,541$11,569$10,669$8,089
9 years$12,952$11,832$10,801$9,854$8,984$6,543
10 years$11,539$10,430$9,417$8,494$7,655$5,350
11 years$10,383$9,285$8,291$7,392$6,584$4,410
12 years$9,420$8,334$7,358$6,484$5,705$3,659
13 years$8,606$7,531$6,574$5,725$4,975$3,052
14 years$7,910$6,846$5,906$5,082$4,361$2,557
15 years$7,306$6,254$5,333$4,532$3,840$2,149
16 years$6,778$5,738$4,835$4,058$3,394$1,812
17 years$6,313$5,284$4,399$3,646$3,009$1,531
18 years$5,901$4,883$4,016$3,286$2,676$1,297
19 years$5,532$4,525$3,677$2,969$2,385$1,100
20 years$5,200$4,205$3,374$2,689$2,130$934
21 years$4,900$3,917$3,104$2,440$1,906$795
22 years$4,628$3,656$2,860$2,219$1,709$676
23 years$4,380$3,420$2,641$2,021$1,534$576
24 years$4,153$3,204$2,443$1,843$1,379$491
25 years$3,945$3,007$2,262$1,683$1,241$419
26 years$3,752$2,826$2,098$1,539$1,117$358
27 years$3,575$2,660$1,948$1,409$1,007$306
28 years$3,410$2,506$1,811$1,291$909$261
29 years$3,257$2,364$1,686$1,184$821$223
30 years$3,114$2,233$1,570$1,086$742$191
31 years$2,981$2,111$1,464$998$671$163
32 years$2,857$1,997$1,366$917$607$139
33 years$2,740$1,891$1,275$843$549$119
34 years$2,630$1,793$1,191$776$497$102
35 years$2,527$1,700$1,114$714$450$87
36 years$2,430$1,614$1,042$658$408$75
37 years$2,338$1,533$975$606$370$64
38 years$2,252$1,457$913$559$335$55
39 years$2,170$1,385$856$515$304$47
40 years$2,092$1,318$802$475$276$40
41 years$2,018$1,254$752$438$250$34
42 years$1,948$1,195$705$404$227$29
43 years$1,881$1,138$662$373$206$25
44 years$1,818$1,085$621$345$187$22
45 years$1,757$1,035$583$318$170$18
46 years$1,700$987$548$294$154$16
47 years$1,645$942$515$272$140$13
48 years$1,592$899$484$251$127$12
49 years$1,542$859$455$232$115$10
50 years$1,494$820$428$214$105$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,530,000, adding $2,512 every year, while hoping to spend $51,759 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: 35/35/30 Blend
54$1,530,000$1,530,000$1,530,000$1,530,000
55$1,688,651$1,607,561$1,583,846$1,732,437
56$1,805,822$1,631,260$1,581,834$1,789,335
57$1,933,210$1,654,386$1,578,019$1,845,885
58$2,071,802$1,676,856$1,572,288$1,905,925
59$2,222,685$1,698,581$1,564,518$1,969,804
60$2,387,054$1,719,466$1,554,585$2,037,909
61$2,566,225$1,739,411$1,542,354$2,110,670
62$2,761,645$1,758,308$1,527,689$2,188,562
63$2,974,909$1,776,041$1,510,442$2,272,112
64$3,207,770$1,792,488$1,490,463$2,361,906
65$3,462,160$1,807,517$1,467,590$2,458,591
66$3,740,205$1,820,989$1,441,659$2,562,883
67$4,044,244$1,832,756$1,412,493$2,675,577
68$4,376,855$1,842,660$1,379,910$2,797,552
69$4,740,876$1,850,531$1,343,718$2,929,783
70$5,139,431$1,856,193$1,303,718$3,073,345
71$5,575,960$1,859,454$1,259,700$3,229,432
72$6,054,253$1,860,112$1,211,445$3,399,364
73$6,578,483$1,857,953$1,158,725$3,584,600
74$7,153,245$1,852,750$1,101,298$3,786,755
75$7,783,601$1,844,260$1,038,917$4,007,615
76$8,475,126$1,832,226$971,319$4,249,156
77$9,233,961$1,816,377$898,230$4,513,562
78$10,066,870$1,796,425$819,366$4,803,247
79$10,981,304$1,772,062$734,427$5,120,880
80$11,985,469$1,742,966$643,103$5,469,412
81$13,088,408$1,708,792$545,068$5,852,102
82$14,300,080$1,669,178$439,982$6,272,554
83$15,631,457$1,623,736$327,490$6,734,749
84$17,094,627$1,572,060$207,222$7,243,084
85$18,702,906$1,513,718$78,791$7,802,416
86$20,470,965$1,448,253$0$8,418,113
87$22,414,967$1,375,182$0$9,114,752
88$24,552,721$1,293,992$0$9,908,354
89$26,903,846$1,204,145$0$10,781,039
90$29,489,957$1,105,068$0$11,740,933
91$32,334,873$996,156$0$12,796,999
92$35,464,834$876,771$0$13,959,123
93$38,908,752$746,238$0$15,238,208
94$42,698,485$603,844$0$16,646,277
95$46,869,134$448,836$0$18,196,592
96$51,459,374$280,417$0$19,903,775
97$56,511,820$97,748$0$21,783,955
98$62,073,429$0$0$23,854,913
99$68,195,941$0$0$26,174,799
100$74,936,365$0$0$28,770,537