Can I retire at age 55 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$128,823$127,676$126,556$125,464$124,397$122,538
2 years$63,774$62,586$61,435$60,319$59,236$57,368
3 years$42,094$40,901$39,753$38,647$37,582$35,762
4 years$31,256$30,066$28,930$27,843$26,804$25,046
5 years$24,754$23,572$22,451$21,386$20,376$18,686
6 years$20,422$19,249$18,143$17,103$16,123$14,502
7 years$17,328$16,165$15,077$14,061$13,112$11,561
8 years$15,009$13,856$12,787$11,795$10,878$9,397
9 years$13,206$12,064$11,013$10,047$9,161$7,749
10 years$11,765$10,634$9,602$8,661$7,805$6,461
11 years$10,586$9,467$8,453$7,537$6,713$5,436
12 years$9,605$8,497$7,502$6,611$5,817$4,605
13 years$8,775$7,679$6,702$5,837$5,073$3,924
14 years$8,065$6,980$6,022$5,181$4,447$3,359
15 years$7,449$6,376$5,437$4,621$3,915$2,888
16 years$6,911$5,850$4,930$4,137$3,460$2,490
17 years$6,437$5,388$4,486$3,717$3,068$2,154
18 years$6,016$4,979$4,095$3,350$2,728$1,867
19 years$5,640$4,614$3,749$3,027$2,432$1,622
20 years$5,302$4,288$3,440$2,742$2,172$1,411
21 years$4,996$3,994$3,164$2,488$1,944$1,230
22 years$4,719$3,728$2,917$2,262$1,742$1,073
23 years$4,466$3,487$2,693$2,060$1,564$937
24 years$4,235$3,267$2,491$1,879$1,406$820
25 years$4,022$3,066$2,307$1,716$1,265$717
26 years$3,826$2,881$2,139$1,569$1,139$628
27 years$3,645$2,712$1,987$1,436$1,027$550
28 years$3,477$2,555$1,847$1,316$927$483
29 years$3,321$2,411$1,719$1,207$837$423
30 years$3,175$2,276$1,601$1,108$756$372
31 years$3,040$2,152$1,492$1,017$684$326
32 years$2,913$2,036$1,392$935$618$286
33 years$2,794$1,928$1,300$860$560$252
34 years$2,682$1,828$1,215$791$507$221
35 years$2,577$1,733$1,136$728$459$194
36 years$2,478$1,645$1,062$671$416$171
37 years$2,384$1,563$994$618$377$150
38 years$2,296$1,485$931$569$342$132
39 years$2,212$1,412$872$525$310$116
40 years$2,133$1,344$818$484$281$102
41 years$2,058$1,279$767$447$255$90
42 years$1,986$1,218$719$412$231$79
43 years$1,918$1,161$675$381$210$70
44 years$1,854$1,106$634$351$191$61
45 years$1,792$1,055$595$325$173$54
46 years$1,733$1,006$559$300$157$47
47 years$1,677$960$525$277$143$42
48 years$1,623$917$493$256$130$37
49 years$1,572$875$464$237$118$32
50 years$1,523$836$436$219$107$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,560,000, adding $5,844 every year, while hoping to spend $29,838 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: 43/32/25 Blend
54$1,560,000$1,560,000$1,560,000$1,560,000
55$1,725,148$1,642,468$1,618,288$1,786,538
56$1,869,366$1,691,202$1,640,753$1,879,606
57$2,027,294$1,741,323$1,662,971$1,977,075
58$2,200,299$1,792,869$1,684,902$2,082,094
59$2,389,886$1,845,876$1,706,503$2,195,379
60$2,597,714$1,900,384$1,727,730$2,317,717
61$2,825,608$1,956,430$1,748,536$2,449,973
62$3,075,579$2,014,054$1,768,872$2,593,101
63$3,349,843$2,073,298$1,788,684$2,748,152
64$3,650,840$2,134,202$1,807,917$2,916,280
65$3,981,256$2,196,809$1,826,513$3,098,759
66$4,344,053$2,261,161$1,844,410$3,296,989
67$4,742,492$2,327,303$1,861,543$3,512,515
68$5,180,164$2,395,279$1,877,843$3,747,036
69$5,661,028$2,465,135$1,893,238$4,002,424
70$6,189,444$2,536,918$1,907,653$4,280,741
71$6,770,215$2,610,674$1,921,006$4,584,258
72$7,408,631$2,686,451$1,933,214$4,915,478
73$8,110,523$2,764,300$1,944,189$5,277,156
74$8,882,314$2,844,268$1,953,837$5,672,328
75$9,731,081$2,926,407$1,962,061$6,104,340
76$10,664,618$3,010,768$1,968,757$6,576,877
77$11,691,517$3,097,404$1,973,818$7,093,999
78$12,821,241$3,186,366$1,977,131$7,660,180
79$14,064,219$3,277,709$1,978,575$8,280,347
80$15,431,940$3,371,487$1,978,028$8,959,931
81$16,937,063$3,467,755$1,975,357$9,704,917
82$18,593,537$3,566,569$1,970,425$10,521,897
83$20,416,731$3,667,985$1,963,088$11,418,136
84$22,423,581$3,772,059$1,953,195$12,401,638
85$24,632,747$3,878,851$1,940,587$13,481,225
86$27,064,789$3,988,416$1,925,099$14,666,617
87$29,742,364$4,100,815$1,906,556$15,968,524
88$32,690,435$4,216,106$1,884,777$17,398,748
89$35,936,513$4,334,348$1,859,569$18,970,296
90$39,510,907$4,455,600$1,830,735$20,697,499
91$43,447,018$4,579,924$1,798,064$22,596,152
92$47,781,653$4,707,379$1,761,337$24,683,657
93$52,555,365$4,838,024$1,720,326$26,979,195
94$57,812,846$4,971,921$1,674,790$29,503,900
95$63,603,340$5,109,129$1,624,479$32,281,063
96$69,981,112$5,249,707$1,569,131$35,336,351
97$77,005,959$5,393,717$1,508,471$38,698,048
98$84,743,774$5,541,216$1,442,212$42,397,324
99$93,267,168$5,692,264$1,370,054$46,468,529
100$102,656,152$5,846,918$1,291,684$50,949,516