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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.7%
1 years$128,823$127,676$126,556$125,464$124,397$123,509
2 years$63,774$62,586$61,435$60,319$59,236$58,342
3 years$42,094$40,901$39,753$38,647$37,582$36,707
4 years$31,256$30,066$28,930$27,843$26,804$25,956
5 years$24,754$23,572$22,451$21,386$20,376$19,558
6 years$20,422$19,249$18,143$17,103$16,123$15,335
7 years$17,328$16,165$15,077$14,061$13,112$12,356
8 years$15,009$13,856$12,787$11,795$10,878$10,152
9 years$13,206$12,064$11,013$10,047$9,161$8,466
10 years$11,765$10,634$9,602$8,661$7,805$7,141
11 years$10,586$9,467$8,453$7,537$6,713$6,078
12 years$9,605$8,497$7,502$6,611$5,817$5,212
13 years$8,775$7,679$6,702$5,837$5,073$4,496
14 years$8,065$6,980$6,022$5,181$4,447$3,898
15 years$7,449$6,376$5,437$4,621$3,915$3,394
16 years$6,911$5,850$4,930$4,137$3,460$2,966
17 years$6,437$5,388$4,486$3,717$3,068$2,599
18 years$6,016$4,979$4,095$3,350$2,728$2,284
19 years$5,640$4,614$3,749$3,027$2,432$2,011
20 years$5,302$4,288$3,440$2,742$2,172$1,775
21 years$4,996$3,994$3,164$2,488$1,944$1,569
22 years$4,719$3,728$2,917$2,262$1,742$1,389
23 years$4,466$3,487$2,693$2,060$1,564$1,231
24 years$4,235$3,267$2,491$1,879$1,406$1,092
25 years$4,022$3,066$2,307$1,716$1,265$970
26 years$3,826$2,881$2,139$1,569$1,139$862
27 years$3,645$2,712$1,987$1,436$1,027$767
28 years$3,477$2,555$1,847$1,316$927$683
29 years$3,321$2,411$1,719$1,207$837$608
30 years$3,175$2,276$1,601$1,108$756$542
31 years$3,040$2,152$1,492$1,017$684$484
32 years$2,913$2,036$1,392$935$618$431
33 years$2,794$1,928$1,300$860$560$385
34 years$2,682$1,828$1,215$791$507$344
35 years$2,577$1,733$1,136$728$459$307
36 years$2,478$1,645$1,062$671$416$274
37 years$2,384$1,563$994$618$377$245
38 years$2,296$1,485$931$569$342$219
39 years$2,212$1,412$872$525$310$196
40 years$2,133$1,344$818$484$281$175
41 years$2,058$1,279$767$447$255$156
42 years$1,986$1,218$719$412$231$140
43 years$1,918$1,161$675$381$210$125
44 years$1,854$1,106$634$351$191$112
45 years$1,792$1,055$595$325$173$100
46 years$1,733$1,006$559$300$157$90
47 years$1,677$960$525$277$143$80
48 years$1,623$917$493$256$130$72
49 years$1,572$875$464$237$118$64
50 years$1,523$836$436$219$107$57

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 $2,389 every year, while hoping to spend $27,444 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$1,560,000$1,560,000$1,560,000$1,560,000
55$1,721,584$1,638,904$1,614,724$1,817,204
56$1,867,986$1,690,010$1,639,617$1,932,982
57$2,028,400$1,742,701$1,664,424$2,055,835
58$2,204,228$1,797,024$1,689,114$2,189,079
59$2,397,012$1,853,031$1,713,652$2,333,711
60$2,608,450$1,910,773$1,738,002$2,490,833
61$2,840,414$1,970,302$1,762,127$2,661,652
62$3,094,964$2,031,675$1,785,986$2,847,501
63$3,374,370$2,094,947$1,809,536$3,049,846
64$3,681,133$2,160,176$1,832,733$3,270,300
65$4,018,006$2,227,423$1,855,527$3,510,637
66$4,388,025$2,296,748$1,877,869$3,772,814
67$4,794,531$2,368,217$1,899,706$4,058,982
68$5,241,208$2,441,894$1,920,980$4,371,511
69$5,732,110$2,517,846$1,941,632$4,713,011
70$6,271,708$2,596,143$1,961,600$5,086,355
71$6,864,926$2,676,858$1,980,817$5,494,707
72$7,517,187$2,760,062$1,999,213$5,941,551
73$8,234,467$2,845,833$2,016,714$6,430,727
74$9,023,352$2,934,248$2,033,243$6,966,460
75$9,891,096$3,025,388$2,048,718$7,553,406
76$10,845,691$3,119,335$2,063,054$8,196,693
77$11,895,945$3,216,176$2,076,160$8,901,969
78$13,051,561$3,315,998$2,087,940$9,675,455
79$14,323,229$3,418,891$2,098,296$10,524,007
80$15,722,731$3,524,949$2,107,121$11,455,173
81$17,263,045$3,634,267$2,114,305$12,477,270
82$18,958,475$3,746,945$2,119,733$13,599,461
83$20,824,778$3,863,084$2,123,283$14,831,841
84$22,879,319$3,982,789$2,124,827$16,185,530
85$25,141,231$4,106,167$2,124,230$17,672,779
86$27,631,597$4,233,330$2,121,352$19,307,087
87$30,373,648$4,364,391$2,116,046$21,103,325
88$33,392,983$4,499,469$2,108,156$23,077,878
89$36,717,809$4,638,684$2,097,520$25,248,800
90$40,379,207$4,782,161$2,083,969$27,635,982
91$44,411,427$4,930,029$2,067,323$30,261,338
92$48,852,210$5,082,418$2,047,396$33,149,016
93$53,743,144$5,239,465$2,023,992$36,325,624
94$59,130,056$5,401,309$1,996,907$39,820,478
95$65,063,443$5,568,095$1,965,925$43,665,880
96$71,598,953$5,739,971$1,930,822$47,897,425
97$78,797,905$5,917,088$1,891,363$52,554,332
98$86,727,869$6,099,603$1,847,302$57,679,817
99$95,463,306$6,287,677$1,798,381$63,321,501
100$105,086,267$6,481,477$1,744,330$69,531,854