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%12.3%
1 years$126,346$125,221$124,123$123,051$122,004$120,831
2 years$62,548$61,383$60,254$59,159$58,097$56,915
3 years$41,284$40,114$38,988$37,904$36,859$35,705
4 years$30,655$29,488$28,373$27,308$26,288$25,171
5 years$24,278$23,119$22,019$20,975$19,984$18,907
6 years$20,029$18,878$17,795$16,774$15,813$14,777
7 years$16,995$15,854$14,787$13,791$12,860$11,866
8 years$14,721$13,590$12,541$11,569$10,669$9,717
9 years$12,952$11,832$10,801$9,854$8,984$8,074
10 years$11,539$10,430$9,417$8,494$7,655$6,786
11 years$10,383$9,285$8,291$7,392$6,584$5,755
12 years$9,420$8,334$7,358$6,484$5,705$4,916
13 years$8,606$7,531$6,574$5,725$4,975$4,225
14 years$7,910$6,846$5,906$5,082$4,361$3,648
15 years$7,306$6,254$5,333$4,532$3,840$3,164
16 years$6,778$5,738$4,835$4,058$3,394$2,753
17 years$6,313$5,284$4,399$3,646$3,009$2,403
18 years$5,901$4,883$4,016$3,286$2,676$2,102
19 years$5,532$4,525$3,677$2,969$2,385$1,844
20 years$5,200$4,205$3,374$2,689$2,130$1,620
21 years$4,900$3,917$3,104$2,440$1,906$1,425
22 years$4,628$3,656$2,860$2,219$1,709$1,256
23 years$4,380$3,420$2,641$2,021$1,534$1,108
24 years$4,153$3,204$2,443$1,843$1,379$979
25 years$3,945$3,007$2,262$1,683$1,241$865
26 years$3,752$2,826$2,098$1,539$1,117$766
27 years$3,575$2,660$1,948$1,409$1,007$678
28 years$3,410$2,506$1,811$1,291$909$601
29 years$3,257$2,364$1,686$1,184$821$533
30 years$3,114$2,233$1,570$1,086$742$472
31 years$2,981$2,111$1,464$998$671$419
32 years$2,857$1,997$1,366$917$607$372
33 years$2,740$1,891$1,275$843$549$330
34 years$2,630$1,793$1,191$776$497$294
35 years$2,527$1,700$1,114$714$450$261
36 years$2,430$1,614$1,042$658$408$232
37 years$2,338$1,533$975$606$370$206
38 years$2,252$1,457$913$559$335$183
39 years$2,170$1,385$856$515$304$163
40 years$2,092$1,318$802$475$276$145
41 years$2,018$1,254$752$438$250$129
42 years$1,948$1,195$705$404$227$115
43 years$1,881$1,138$662$373$206$102
44 years$1,818$1,085$621$345$187$91
45 years$1,757$1,035$583$318$170$81
46 years$1,700$987$548$294$154$72
47 years$1,645$942$515$272$140$64
48 years$1,592$899$484$251$127$57
49 years$1,542$859$455$232$115$51
50 years$1,494$820$428$214$105$45

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 $3,846 every year, while hoping to spend $28,993 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: 57/14/29 Blend
54$1,530,000$1,530,000$1,530,000$1,530,000
55$1,690,027$1,608,937$1,585,222$1,772,681
56$1,831,562$1,656,927$1,607,479$1,877,904
57$1,986,561$1,706,296$1,629,509$1,989,191
58$2,156,368$1,757,082$1,651,275$2,109,910
59$2,342,461$1,809,323$1,672,737$2,240,984
60$2,546,469$1,863,057$1,693,851$2,383,429
61$2,770,186$1,918,324$1,714,572$2,538,364
62$3,015,588$1,975,164$1,734,853$2,707,021
63$3,284,849$2,033,619$1,754,642$2,890,759
64$3,580,369$2,093,731$1,773,887$3,091,073
65$3,904,786$2,155,544$1,792,532$3,309,611
66$4,261,009$2,219,100$1,810,516$3,548,189
67$4,652,241$2,284,445$1,827,778$3,808,807
68$5,082,013$2,351,626$1,844,252$4,093,669
69$5,554,211$2,420,689$1,859,867$4,405,204
70$6,073,119$2,491,681$1,874,551$4,746,087
71$6,643,456$2,564,652$1,888,228$5,119,265
72$7,270,420$2,639,652$1,900,815$5,527,989
73$7,959,738$2,716,730$1,912,227$5,975,837
74$8,717,720$2,795,939$1,922,376$6,466,753
75$9,551,318$2,877,330$1,931,166$7,005,084
76$10,468,192$2,960,959$1,938,499$7,595,619
77$11,476,779$3,046,878$1,944,271$8,243,637
78$12,586,379$3,135,143$1,948,373$8,954,952
79$13,807,236$3,225,811$1,950,689$9,735,974
80$15,150,637$3,318,939$1,951,100$10,593,766
81$16,629,019$3,414,584$1,949,479$11,536,111
82$18,256,087$3,512,806$1,945,694$12,571,585
83$20,046,938$3,613,664$1,939,606$13,709,640
84$22,018,212$3,717,220$1,931,068$14,960,693
85$24,188,240$3,823,534$1,919,930$16,336,223
86$26,577,222$3,932,669$1,906,029$17,848,878
87$29,207,417$4,044,687$1,889,199$19,512,599
88$32,103,349$4,159,653$1,869,263$21,342,749
89$35,292,046$4,277,631$1,846,038$23,356,258
90$38,803,285$4,398,686$1,819,331$25,571,783
91$42,669,881$4,522,883$1,788,940$28,009,886
92$46,927,993$4,650,288$1,754,654$30,693,226
93$51,617,465$4,780,968$1,716,251$33,646,775
94$56,782,202$4,914,991$1,673,500$36,898,051
95$62,470,584$5,052,423$1,626,160$40,477,381
96$68,735,923$5,193,332$1,573,976$44,418,189
97$75,636,968$5,337,785$1,516,685$48,757,305
98$83,238,453$5,485,852$1,454,009$53,535,321
99$91,611,715$5,637,598$1,385,658$58,796,969
100$100,835,363$5,793,093$1,311,330$64,591,546