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%13.2%
1 years$126,346$125,221$124,123$123,051$122,004$120,380
2 years$62,548$61,383$60,254$59,159$58,097$56,463
3 years$41,284$40,114$38,988$37,904$36,859$35,267
4 years$30,655$29,488$28,373$27,308$26,288$24,749
5 years$24,278$23,119$22,019$20,975$19,984$18,503
6 years$20,029$18,878$17,795$16,774$15,813$14,391
7 years$16,995$15,854$14,787$13,791$12,860$11,499
8 years$14,721$13,590$12,541$11,569$10,669$9,367
9 years$12,952$11,832$10,801$9,854$8,984$7,743
10 years$11,539$10,430$9,417$8,494$7,655$6,472
11 years$10,383$9,285$8,291$7,392$6,584$5,458
12 years$9,420$8,334$7,358$6,484$5,705$4,636
13 years$8,606$7,531$6,574$5,725$4,975$3,961
14 years$7,910$6,846$5,906$5,082$4,361$3,400
15 years$7,306$6,254$5,333$4,532$3,840$2,930
16 years$6,778$5,738$4,835$4,058$3,394$2,534
17 years$6,313$5,284$4,399$3,646$3,009$2,198
18 years$5,901$4,883$4,016$3,286$2,676$1,911
19 years$5,532$4,525$3,677$2,969$2,385$1,665
20 years$5,200$4,205$3,374$2,689$2,130$1,453
21 years$4,900$3,917$3,104$2,440$1,906$1,270
22 years$4,628$3,656$2,860$2,219$1,709$1,111
23 years$4,380$3,420$2,641$2,021$1,534$974
24 years$4,153$3,204$2,443$1,843$1,379$854
25 years$3,945$3,007$2,262$1,683$1,241$750
26 years$3,752$2,826$2,098$1,539$1,117$659
27 years$3,575$2,660$1,948$1,409$1,007$579
28 years$3,410$2,506$1,811$1,291$909$509
29 years$3,257$2,364$1,686$1,184$821$448
30 years$3,114$2,233$1,570$1,086$742$395
31 years$2,981$2,111$1,464$998$671$348
32 years$2,857$1,997$1,366$917$607$306
33 years$2,740$1,891$1,275$843$549$270
34 years$2,630$1,793$1,191$776$497$238
35 years$2,527$1,700$1,114$714$450$210
36 years$2,430$1,614$1,042$658$408$185
37 years$2,338$1,533$975$606$370$163
38 years$2,252$1,457$913$559$335$144
39 years$2,170$1,385$856$515$304$127
40 years$2,092$1,318$802$475$276$112
41 years$2,018$1,254$752$438$250$99
42 years$1,948$1,195$705$404$227$87
43 years$1,881$1,138$662$373$206$77
44 years$1,818$1,085$621$345$187$68
45 years$1,757$1,035$583$318$170$60
46 years$1,700$987$548$294$154$53
47 years$1,645$942$515$272$140$47
48 years$1,592$899$484$251$127$41
49 years$1,542$859$455$232$115$37
50 years$1,494$820$428$214$105$32

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 $3,217 every year, while hoping to spend $32,373 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: 58/32/10 Blend
54$1,530,000$1,530,000$1,530,000$1,530,000
55$1,689,378$1,608,288$1,584,573$1,783,159
56$1,827,250$1,652,650$1,603,212$1,891,052
57$1,978,100$1,698,100$1,621,390$2,004,689
58$2,143,218$1,744,658$1,639,058$2,127,768
59$2,324,023$1,792,343$1,656,163$2,261,196
60$2,522,079$1,841,174$1,672,650$2,405,975
61$2,739,109$1,891,169$1,688,462$2,563,204
62$2,977,008$1,942,347$1,703,536$2,734,096
63$3,237,867$1,994,726$1,717,808$2,919,986
64$3,523,985$2,048,323$1,731,210$3,122,343
65$3,837,896$2,103,156$1,743,671$3,342,786
66$4,182,393$2,159,241$1,755,114$3,583,096
67$4,560,548$2,216,595$1,765,462$3,845,235
68$4,975,749$2,275,233$1,774,630$4,131,365
69$5,431,726$2,335,171$1,782,531$4,443,867
70$5,932,589$2,396,421$1,789,073$4,785,363
71$6,482,865$2,458,998$1,794,159$5,158,739
72$7,087,542$2,522,913$1,797,688$5,567,179
73$7,752,113$2,588,178$1,799,552$6,014,187
74$8,482,633$2,654,803$1,799,641$6,503,624
75$9,285,769$2,722,796$1,797,837$7,039,742
76$10,168,870$2,792,165$1,794,017$7,627,228
77$11,140,029$2,862,916$1,788,051$8,271,245
78$12,208,165$2,935,052$1,779,804$8,977,480
79$13,383,105$3,008,576$1,769,134$9,752,200
80$14,675,674$3,083,489$1,755,892$10,602,310
81$16,097,801$3,159,788$1,739,923$11,535,417
82$17,662,630$3,237,470$1,721,063$12,559,904
83$19,384,640$3,316,529$1,699,141$13,685,007
84$21,279,789$3,396,955$1,673,978$14,920,904
85$23,365,658$3,478,735$1,645,387$16,278,807
86$25,661,618$3,561,856$1,613,170$17,771,074
87$28,189,015$3,646,299$1,577,123$19,411,320
88$30,971,368$3,732,042$1,537,031$21,214,550
89$34,034,595$3,819,059$1,492,668$23,197,295
90$37,407,251$3,907,320$1,443,800$25,377,775
91$41,120,804$3,996,792$1,390,181$27,776,066
92$45,209,926$4,087,436$1,331,552$30,414,288
93$49,712,825$4,179,207$1,267,646$33,316,821
94$54,671,602$4,272,056$1,198,181$36,510,529
95$60,132,648$4,365,930$1,122,862$40,025,014
96$66,147,084$4,460,766$1,041,384$43,892,899
97$72,771,241$4,556,498$953,425$48,150,133
98$80,067,192$4,653,051$858,649$52,836,332
99$88,103,339$4,750,344$756,707$57,995,151
100$96,955,055$4,848,286$647,232$63,674,699