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%11.3%
1 years$82,579$81,843$81,126$80,425$79,741$79,305
2 years$40,881$40,119$39,381$38,666$37,972$37,532
3 years$26,983$26,218$25,482$24,774$24,091$23,661
4 years$20,036$19,273$18,545$17,848$17,182$16,765
5 years$15,868$15,111$14,391$13,709$13,061$12,658
6 years$13,091$12,339$11,630$10,963$10,335$9,947
7 years$11,108$10,362$9,665$9,013$8,405$8,032
8 years$9,621$8,882$8,197$7,561$6,973$6,614
9 years$8,466$7,734$7,060$6,440$5,872$5,529
10 years$7,542$6,817$6,155$5,552$5,003$4,675
11 years$6,786$6,069$5,419$4,832$4,303$3,989
12 years$6,157$5,447$4,809$4,238$3,729$3,429
13 years$5,625$4,922$4,296$3,742$3,252$2,965
14 years$5,170$4,474$3,860$3,321$2,850$2,578
15 years$4,775$4,087$3,485$2,962$2,510$2,250
16 years$4,430$3,750$3,160$2,652$2,218$1,972
17 years$4,126$3,454$2,875$2,383$1,967$1,733
18 years$3,857$3,191$2,625$2,148$1,749$1,527
19 years$3,615$2,958$2,403$1,940$1,559$1,348
20 years$3,399$2,748$2,205$1,757$1,392$1,193
21 years$3,203$2,560$2,029$1,595$1,246$1,058
22 years$3,025$2,390$1,870$1,450$1,117$939
23 years$2,863$2,235$1,726$1,321$1,002$835
24 years$2,714$2,094$1,596$1,205$901$743
25 years$2,578$1,965$1,479$1,100$811$662
26 years$2,453$1,847$1,371$1,006$730$591
27 years$2,336$1,738$1,273$921$658$527
28 years$2,229$1,638$1,184$844$594$471
29 years$2,129$1,545$1,102$774$537$421
30 years$2,036$1,459$1,026$710$485$376
31 years$1,949$1,380$957$652$438$337
32 years$1,867$1,305$893$599$396$301
33 years$1,791$1,236$833$551$359$270
34 years$1,719$1,172$779$507$325$242
35 years$1,652$1,111$728$467$294$216
36 years$1,588$1,055$681$430$267$194
37 years$1,528$1,002$637$396$242$174
38 years$1,472$952$597$365$219$156
39 years$1,418$905$559$337$199$140
40 years$1,367$861$524$310$180$125
41 years$1,319$820$492$286$163$113
42 years$1,273$781$461$264$148$101
43 years$1,230$744$433$244$135$91
44 years$1,188$709$406$225$122$81
45 years$1,149$676$381$208$111$73
46 years$1,111$645$358$192$101$66
47 years$1,075$616$336$178$91$59
48 years$1,041$588$316$164$83$53
49 years$1,008$561$297$152$75$47
50 years$976$536$279$140$69$43

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 $5,754 every year, while hoping to spend $55,661 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: 44/46/10 Blend
54$1,000,000$1,000,000$1,000,000$1,000,000
55$1,107,935$1,054,935$1,039,435$1,153,270
56$1,161,722$1,047,404$1,015,033$1,177,805
57$1,219,129$1,037,639$987,949$1,198,261
58$1,280,467$1,025,470$958,032$1,219,176
59$1,346,078$1,010,721$925,129$1,240,611
60$1,416,333$993,201$889,076$1,262,641
61$1,491,641$972,711$849,703$1,285,350
62$1,572,454$949,038$806,832$1,308,835
63$1,659,261$921,959$760,279$1,333,207
64$1,752,606$891,235$709,848$1,358,594
65$1,853,080$856,614$655,337$1,385,142
66$1,961,337$817,831$596,533$1,413,016
67$2,078,093$774,603$533,216$1,442,406
68$2,204,133$726,634$465,153$1,473,524
69$2,340,323$673,607$392,104$1,506,614
70$2,487,612$615,190$313,816$1,541,950
71$2,647,045$551,031$230,025$1,579,841
72$2,819,769$480,757$140,457$1,620,635
73$3,007,048$403,976$44,824$1,664,725
74$3,210,268$320,272$0$1,712,554
75$3,430,956$229,206$0$1,770,725
76$3,670,791$130,315$0$1,839,188
77$3,931,621$23,110$0$1,913,815
78$4,215,477$0$0$1,995,343
79$4,524,596$0$0$2,131,629
80$4,861,438$0$0$2,292,996
81$5,228,711$0$0$2,469,056
82$5,629,395$0$0$2,661,253
83$6,066,771$0$0$2,871,175
84$6,544,448$0$0$3,100,572
85$7,066,404$0$0$3,351,367
86$7,637,012$0$0$3,625,682
87$8,261,093$0$0$3,925,850
88$8,943,951$0$0$4,254,441
89$9,691,428$0$0$4,614,285
90$10,509,956$0$0$5,008,498
91$11,406,619$0$0$5,440,513
92$12,389,217$0$0$5,914,111
93$13,466,343$0$0$6,433,453
94$14,647,459$0$0$7,003,125
95$15,942,987$0$0$7,628,177
96$17,364,405$0$0$8,314,174
97$18,924,358$0$0$9,067,241
98$20,636,773$0$0$9,894,129
99$22,516,991$0$0$10,802,274
100$24,581,912$0$0$11,799,866