Can I retire at age 55 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$129,649$128,494$127,368$126,268$125,194$122,867
2 years$64,183$62,987$61,829$60,706$59,616$57,281
3 years$42,363$41,163$40,007$38,895$37,823$35,552
4 years$31,456$30,259$29,115$28,021$26,976$24,786
5 years$24,913$23,724$22,595$21,523$20,506$18,405
6 years$20,553$19,372$18,260$17,212$16,226$14,214
7 years$17,439$16,269$15,174$14,151$13,196$11,275
8 years$15,105$13,945$12,869$11,871$10,947$9,117
9 years$13,291$12,142$11,084$10,111$9,219$7,477
10 years$11,840$10,702$9,663$8,716$7,855$6,201
11 years$10,654$9,528$8,507$7,586$6,756$5,187
12 years$9,667$8,552$7,550$6,654$5,854$4,369
13 years$8,831$7,728$6,745$5,874$5,105$3,701
14 years$8,116$7,025$6,061$5,214$4,475$3,149
15 years$7,497$6,417$5,472$4,650$3,940$2,690
16 years$6,956$5,888$4,961$4,164$3,482$2,306
17 years$6,479$5,422$4,515$3,741$3,088$1,981
18 years$6,055$5,010$4,121$3,372$2,746$1,706
19 years$5,676$4,644$3,773$3,047$2,447$1,472
20 years$5,336$4,315$3,462$2,759$2,186$1,272
21 years$5,028$4,019$3,185$2,504$1,956$1,101
22 years$4,749$3,752$2,935$2,277$1,753$954
23 years$4,495$3,509$2,710$2,074$1,574$828
24 years$4,262$3,288$2,506$1,891$1,415$719
25 years$4,048$3,085$2,321$1,727$1,273$625
26 years$3,850$2,900$2,153$1,579$1,147$543
27 years$3,668$2,729$1,999$1,446$1,034$473
28 years$3,499$2,572$1,859$1,324$933$411
29 years$3,342$2,426$1,730$1,215$842$358
30 years$3,196$2,291$1,611$1,115$761$312
31 years$3,059$2,166$1,502$1,024$688$272
32 years$2,931$2,049$1,401$941$622$237
33 years$2,812$1,941$1,308$865$563$207
34 years$2,699$1,839$1,223$796$510$180
35 years$2,593$1,745$1,143$733$462$157
36 years$2,494$1,656$1,069$675$419$137
37 years$2,399$1,573$1,001$622$379$120
38 years$2,310$1,495$937$573$344$104
39 years$2,226$1,421$878$528$312$91
40 years$2,146$1,352$823$487$283$80
41 years$2,071$1,287$772$450$257$69
42 years$1,999$1,226$724$415$233$61
43 years$1,930$1,168$679$383$211$53
44 years$1,865$1,113$638$354$192$46
45 years$1,803$1,062$599$327$174$40
46 years$1,744$1,013$562$302$158$35
47 years$1,688$967$528$279$144$31
48 years$1,634$923$496$258$130$27
49 years$1,582$881$467$238$118$23
50 years$1,533$842$439$220$108$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,570,000, adding $5,066 every year, while hoping to spend $47,799 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: 66/11/23 Blend
54$1,570,000$1,570,000$1,570,000$1,570,000
55$1,735,366$1,652,156$1,627,821$1,839,329
56$1,861,515$1,682,253$1,631,495$1,939,937
57$1,998,930$1,712,224$1,633,690$2,043,990
58$2,148,708$1,742,011$1,634,306$2,156,643
59$2,312,060$1,771,553$1,633,239$2,278,744
60$2,490,315$1,800,784$1,630,377$2,411,227
61$2,684,938$1,829,633$1,625,606$2,555,121
62$2,897,543$1,858,026$1,618,805$2,711,563
63$3,129,903$1,885,880$1,609,846$2,881,803
64$3,383,974$1,913,109$1,598,596$3,067,221
65$3,661,906$1,939,618$1,584,916$3,269,339
66$3,966,070$1,965,309$1,568,660$3,489,835
67$4,299,074$1,990,074$1,549,676$3,730,556
68$4,663,792$2,013,800$1,527,801$3,993,541
69$5,063,386$2,036,363$1,502,870$4,281,038
70$5,501,341$2,057,635$1,474,706$4,595,524
71$5,981,494$2,077,475$1,443,125$4,939,730
72$6,508,072$2,095,737$1,407,935$5,316,669
73$7,085,730$2,112,263$1,368,936$5,729,659
74$7,719,594$2,126,884$1,325,915$6,182,360
75$8,415,313$2,139,421$1,278,654$6,678,808
76$9,179,108$2,149,686$1,226,921$7,223,451
77$10,017,830$2,157,474$1,170,477$7,821,192
78$10,939,030$2,162,571$1,109,068$8,477,437
79$11,951,023$2,164,748$1,042,434$9,198,146
80$13,062,969$2,163,763$970,297$9,989,889
81$14,284,961$2,159,357$892,372$10,859,908
82$15,628,119$2,151,257$808,358$11,816,187
83$17,104,690$2,139,171$717,941$12,867,529
84$18,728,170$2,122,793$620,793$14,023,634
85$20,513,428$2,101,794$516,574$15,295,198
86$22,476,844$2,075,828$404,926$16,694,010
87$24,636,466$2,044,528$285,475$18,233,068
88$27,012,179$2,007,503$157,832$19,926,695
89$29,625,894$1,964,343$21,592$21,790,684
90$32,501,749$1,914,610$0$23,842,441
91$35,666,343$1,857,841$0$26,131,535
92$39,148,982$1,793,548$0$28,656,363
93$42,981,957$1,721,211$0$31,435,046
94$47,200,849$1,640,282$0$34,493,399
95$51,844,862$1,550,183$0$37,859,867
96$56,957,194$1,450,298$0$41,565,798
97$62,585,445$1,339,980$0$45,645,737
98$68,782,065$1,218,543$0$50,137,750
99$75,604,845$1,085,261$0$55,083,789
100$83,117,471$939,370$0$60,530,081