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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$82,579$81,843$81,126$80,425$79,741$76,912
2 years$40,881$40,119$39,381$38,666$37,972$35,152
3 years$26,983$26,218$25,482$24,774$24,091$21,368
4 years$20,036$19,273$18,545$17,848$17,182$14,578
5 years$15,868$15,111$14,391$13,709$13,061$10,582
6 years$13,091$12,339$11,630$10,963$10,335$7,983
7 years$11,108$10,362$9,665$9,013$8,405$6,180
8 years$9,621$8,882$8,197$7,561$6,973$4,872
9 years$8,466$7,734$7,060$6,440$5,872$3,894
10 years$7,542$6,817$6,155$5,552$5,003$3,144
11 years$6,786$6,069$5,419$4,832$4,303$2,558
12 years$6,157$5,447$4,809$4,238$3,729$2,095
13 years$5,625$4,922$4,296$3,742$3,252$1,724
14 years$5,170$4,474$3,860$3,321$2,850$1,424
15 years$4,775$4,087$3,485$2,962$2,510$1,180
16 years$4,430$3,750$3,160$2,652$2,218$981
17 years$4,126$3,454$2,875$2,383$1,967$817
18 years$3,857$3,191$2,625$2,148$1,749$681
19 years$3,615$2,958$2,403$1,940$1,559$569
20 years$3,399$2,748$2,205$1,757$1,392$476
21 years$3,203$2,560$2,029$1,595$1,246$399
22 years$3,025$2,390$1,870$1,450$1,117$334
23 years$2,863$2,235$1,726$1,321$1,002$280
24 years$2,714$2,094$1,596$1,205$901$235
25 years$2,578$1,965$1,479$1,100$811$198
26 years$2,453$1,847$1,371$1,006$730$166
27 years$2,336$1,738$1,273$921$658$139
28 years$2,229$1,638$1,184$844$594$117
29 years$2,129$1,545$1,102$774$537$98
30 years$2,036$1,459$1,026$710$485$83
31 years$1,949$1,380$957$652$438$70
32 years$1,867$1,305$893$599$396$59
33 years$1,791$1,236$833$551$359$49
34 years$1,719$1,172$779$507$325$41
35 years$1,652$1,111$728$467$294$35
36 years$1,588$1,055$681$430$267$29
37 years$1,528$1,002$637$396$242$25
38 years$1,472$952$597$365$219$21
39 years$1,418$905$559$337$199$17
40 years$1,367$861$524$310$180$15
41 years$1,319$820$492$286$163$12
42 years$1,273$781$461$264$148$10
43 years$1,230$744$433$244$135$9
44 years$1,188$709$406$225$122$7
45 years$1,149$676$381$208$111$6
46 years$1,111$645$358$192$101$5
47 years$1,075$616$336$178$91$4
48 years$1,041$588$316$164$83$4
49 years$1,008$561$297$152$75$3
50 years$976$536$279$140$69$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,000,000, adding $6,750 every year, while hoping to spend $26,418 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: 36/37/27 Blend
54$1,000,000$1,000,000$1,000,000$1,000,000
55$1,108,963$1,055,963$1,040,463$1,139,689
56$1,193,968$1,079,596$1,047,210$1,186,709
57$1,286,759$1,103,502$1,053,297$1,234,555
58$1,388,101$1,127,667$1,058,675$1,285,698
59$1,498,838$1,152,073$1,063,292$1,340,451
60$1,619,899$1,176,704$1,067,091$1,399,160
61$1,752,305$1,201,539$1,070,015$1,462,207
62$1,897,182$1,226,557$1,072,003$1,530,014
63$2,055,771$1,251,734$1,072,991$1,603,045
64$2,229,436$1,277,045$1,072,912$1,681,814
65$2,419,679$1,302,461$1,071,696$1,766,885
66$2,628,157$1,327,953$1,069,269$1,858,884
67$2,856,693$1,353,486$1,065,552$1,958,499
68$3,107,293$1,379,024$1,060,466$2,066,490
69$3,382,171$1,404,530$1,053,925$2,183,695
70$3,683,760$1,429,960$1,045,840$2,311,041
71$4,014,745$1,455,269$1,036,117$2,449,547
72$4,378,081$1,480,409$1,024,658$2,600,339
73$4,777,022$1,505,326$1,011,362$2,764,661
74$5,215,155$1,529,964$996,119$2,943,882
75$5,696,431$1,554,262$978,819$3,139,516
76$6,225,200$1,578,155$959,343$3,353,230
77$6,806,258$1,601,571$937,568$3,586,865
78$7,444,885$1,624,437$913,365$3,842,451
79$8,146,900$1,646,672$886,600$4,122,228
80$8,918,714$1,668,189$857,132$4,428,666
81$9,767,390$1,688,897$824,812$4,764,490
82$10,700,707$1,708,696$789,487$5,132,706
83$11,727,240$1,727,483$750,995$5,536,630
84$12,856,434$1,745,145$709,169$5,979,917
85$14,098,695$1,761,562$663,831$6,466,603
86$15,465,490$1,776,607$614,798$7,001,134
87$16,969,454$1,790,145$561,877$7,588,417
88$18,624,506$1,802,029$504,868$8,233,862
89$20,445,985$1,812,108$443,560$8,943,436
90$22,450,790$1,820,216$377,734$9,723,718
91$24,657,544$1,826,180$307,162$10,581,966
92$27,086,766$1,829,815$231,604$11,526,181
93$29,761,064$1,830,924$150,810$12,565,186
94$32,705,350$1,829,297$64,521$13,708,712
95$35,947,077$1,824,714$0$14,967,487
96$39,516,492$1,816,938$0$16,361,281
97$43,446,926$1,805,720$0$17,915,550
98$47,775,106$1,790,794$0$19,626,153
99$52,541,504$1,771,879$0$21,509,036
100$57,790,714$1,748,678$0$23,581,775