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%16.6%
1 years$128,823$127,676$126,556$125,464$124,397$121,046
2 years$63,774$62,586$61,435$60,319$59,236$55,884
3 years$42,094$40,901$39,753$38,647$37,582$34,334
4 years$31,256$30,066$28,930$27,843$26,804$23,684
5 years$24,754$23,572$22,451$21,386$20,376$17,394
6 years$20,422$19,249$18,143$17,103$16,123$13,281
7 years$17,328$16,165$15,077$14,061$13,112$10,410
8 years$15,009$13,856$12,787$11,795$10,878$8,315
9 years$13,206$12,064$11,013$10,047$9,161$6,734
10 years$11,765$10,634$9,602$8,661$7,805$5,513
11 years$10,586$9,467$8,453$7,537$6,713$4,550
12 years$9,605$8,497$7,502$6,611$5,817$3,780
13 years$8,775$7,679$6,702$5,837$5,073$3,158
14 years$8,065$6,980$6,022$5,181$4,447$2,649
15 years$7,449$6,376$5,437$4,621$3,915$2,230
16 years$6,911$5,850$4,930$4,137$3,460$1,883
17 years$6,437$5,388$4,486$3,717$3,068$1,593
18 years$6,016$4,979$4,095$3,350$2,728$1,351
19 years$5,640$4,614$3,749$3,027$2,432$1,148
20 years$5,302$4,288$3,440$2,742$2,172$977
21 years$4,996$3,994$3,164$2,488$1,944$832
22 years$4,719$3,728$2,917$2,262$1,742$709
23 years$4,466$3,487$2,693$2,060$1,564$605
24 years$4,235$3,267$2,491$1,879$1,406$517
25 years$4,022$3,066$2,307$1,716$1,265$442
26 years$3,826$2,881$2,139$1,569$1,139$378
27 years$3,645$2,712$1,987$1,436$1,027$323
28 years$3,477$2,555$1,847$1,316$927$276
29 years$3,321$2,411$1,719$1,207$837$237
30 years$3,175$2,276$1,601$1,108$756$203
31 years$3,040$2,152$1,492$1,017$684$173
32 years$2,913$2,036$1,392$935$618$149
33 years$2,794$1,928$1,300$860$560$127
34 years$2,682$1,828$1,215$791$507$109
35 years$2,577$1,733$1,136$728$459$93
36 years$2,478$1,645$1,062$671$416$80
37 years$2,384$1,563$994$618$377$69
38 years$2,296$1,485$931$569$342$59
39 years$2,212$1,412$872$525$310$50
40 years$2,133$1,344$818$484$281$43
41 years$2,058$1,279$767$447$255$37
42 years$1,986$1,218$719$412$231$32
43 years$1,918$1,161$675$381$210$27
44 years$1,854$1,106$634$351$191$23
45 years$1,792$1,055$595$325$173$20
46 years$1,733$1,006$559$300$157$17
47 years$1,677$960$525$277$143$15
48 years$1,623$917$493$256$130$13
49 years$1,572$875$464$237$118$11
50 years$1,523$836$436$219$107$9

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 $3,760 every year, while hoping to spend $52,171 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: 63/14/23 Blend
54$1,560,000$1,560,000$1,560,000$1,560,000
55$1,722,998$1,640,318$1,616,138$1,820,965
56$1,843,235$1,665,185$1,614,770$1,912,447
57$1,973,987$1,689,520$1,611,606$2,006,183
58$2,116,272$1,713,245$1,606,533$2,107,386
59$2,271,209$1,736,272$1,599,430$2,216,793
60$2,440,031$1,758,508$1,590,170$2,335,215
61$2,624,094$1,779,854$1,578,620$2,463,548
62$2,824,889$1,800,205$1,564,641$2,602,779
63$3,044,059$1,819,446$1,548,088$2,753,997
64$3,283,411$1,837,458$1,528,807$2,918,403
65$3,544,937$1,854,111$1,506,640$3,097,323
66$3,830,827$1,869,269$1,481,419$3,292,218
67$4,143,493$1,882,785$1,452,968$3,504,700
68$4,485,592$1,894,503$1,421,105$3,736,546
69$4,860,048$1,904,260$1,385,638$3,989,718
70$5,270,081$1,911,877$1,346,365$4,266,377
71$5,719,239$1,917,168$1,303,078$4,568,910
72$6,211,426$1,919,935$1,255,556$4,899,945
73$6,750,945$1,919,965$1,203,570$5,262,385
74$7,342,532$1,917,034$1,146,881$5,659,428
75$7,991,405$1,910,903$1,085,236$6,094,602
76$8,703,311$1,901,320$1,018,374$6,571,797
77$9,484,580$1,888,016$946,021$7,095,305
78$10,342,185$1,870,707$867,890$7,669,856
79$11,283,806$1,849,089$783,683$8,300,667
80$12,317,904$1,822,845$693,086$8,993,492
81$13,453,799$1,791,633$595,774$9,754,673
82$14,701,759$1,755,095$491,404$10,591,206
83$16,073,095$1,712,851$379,622$11,510,803
84$17,580,267$1,664,497$260,056$12,521,968
85$19,237,004$1,609,607$132,317$13,634,077
86$21,058,429$1,547,729$0$14,857,469
87$23,061,207$1,478,385$0$16,204,522
88$25,263,694$1,401,071$0$17,721,540
89$27,686,118$1,315,250$0$19,389,979
90$30,350,763$1,220,359$0$21,225,227
91$33,282,183$1,115,798$0$23,244,241
92$36,507,430$1,000,937$0$25,465,711
93$40,056,313$875,108$0$27,910,230
94$43,961,672$737,604$0$30,600,496
95$48,259,697$587,680$0$33,561,522
96$52,990,259$424,549$0$36,820,873
97$58,197,292$247,379$0$40,408,928
98$63,929,206$55,291$0$44,359,166
99$70,239,344$0$0$48,708,483
100$77,186,480$0$0$53,521,055