Can I retire at age 55 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$83,405$82,662$81,937$81,230$80,539$80,132
2 years$41,290$40,521$39,775$39,053$38,352$37,941
3 years$27,253$26,481$25,737$25,021$24,332$23,930
4 years$20,236$19,466$18,730$18,027$17,354$16,964
5 years$16,027$15,262$14,535$13,846$13,192$12,816
6 years$13,222$12,462$11,747$11,073$10,438$10,076
7 years$11,219$10,466$9,762$9,104$8,489$8,140
8 years$9,717$8,971$8,279$7,637$7,043$6,708
9 years$8,550$7,811$7,130$6,505$5,931$5,610
10 years$7,617$6,885$6,216$5,607$5,053$4,746
11 years$6,854$6,129$5,473$4,880$4,346$4,052
12 years$6,219$5,501$4,857$4,280$3,766$3,486
13 years$5,681$4,972$4,339$3,779$3,284$3,017
14 years$5,221$4,519$3,899$3,355$2,879$2,624
15 years$4,823$4,128$3,520$2,992$2,535$2,292
16 years$4,475$3,788$3,192$2,679$2,240$2,010
17 years$4,168$3,488$2,904$2,407$1,986$1,767
18 years$3,895$3,223$2,651$2,169$1,766$1,558
19 years$3,652$2,987$2,427$1,960$1,574$1,377
20 years$3,433$2,776$2,227$1,775$1,406$1,220
21 years$3,235$2,586$2,049$1,611$1,258$1,082
22 years$3,055$2,414$1,888$1,465$1,128$961
23 years$2,891$2,257$1,743$1,334$1,013$855
24 years$2,742$2,115$1,612$1,217$910$762
25 years$2,604$1,985$1,493$1,111$819$679
26 years$2,477$1,865$1,385$1,016$738$606
27 years$2,360$1,756$1,286$930$665$542
28 years$2,251$1,654$1,196$852$600$484
29 years$2,150$1,561$1,113$781$542$433
30 years$2,056$1,474$1,036$717$490$387
31 years$1,968$1,393$966$659$443$347
32 years$1,886$1,318$901$605$400$311
33 years$1,809$1,248$842$557$362$279
34 years$1,736$1,183$786$512$328$250
35 years$1,668$1,122$735$471$297$224
36 years$1,604$1,065$688$434$269$201
37 years$1,544$1,012$644$400$244$180
38 years$1,486$962$603$369$221$162
39 years$1,432$914$565$340$201$145
40 years$1,381$870$529$314$182$130
41 years$1,332$828$496$289$165$117
42 years$1,286$789$466$267$150$105
43 years$1,242$751$437$246$136$94
44 years$1,200$716$410$228$123$85
45 years$1,160$683$385$210$112$76
46 years$1,122$652$362$194$102$68
47 years$1,086$622$340$179$92$62
48 years$1,051$594$319$166$84$55
49 years$1,018$567$300$153$76$50
50 years$986$541$282$142$69$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,010,000, adding $3,316 every year, while hoping to spend $34,004 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: 81/11/8 Blend
54$1,010,000$1,010,000$1,010,000$1,010,000
55$1,116,440$1,062,910$1,047,255$1,205,483
56$1,194,137$1,078,813$1,046,159$1,280,173
57$1,278,620$1,094,355$1,043,885$1,357,292
58$1,370,544$1,109,483$1,040,360$1,440,906
59$1,470,631$1,124,140$1,035,504$1,531,646
60$1,579,677$1,138,265$1,029,235$1,630,207
61$1,698,555$1,151,791$1,021,466$1,737,356
62$1,828,228$1,164,649$1,012,105$1,853,935
63$1,969,755$1,176,764$1,001,058$1,980,874
64$2,124,302$1,188,057$988,225$2,119,196
65$2,293,152$1,198,443$973,502$2,270,028
66$2,477,717$1,207,831$956,778$2,434,612
67$2,679,555$1,216,125$937,941$2,614,317
68$2,900,377$1,223,222$916,869$2,810,649
69$3,142,069$1,229,014$893,438$3,025,269
70$3,406,708$1,233,384$867,516$3,260,007
71$3,696,581$1,236,208$838,967$3,516,879
72$4,014,206$1,237,357$807,646$3,798,105
73$4,362,358$1,236,689$773,404$4,106,133
74$4,744,089$1,234,058$736,085$4,443,661
75$5,162,766$1,229,307$695,523$4,813,658
76$5,622,093$1,222,268$651,548$5,219,401
77$6,126,152$1,212,765$603,981$5,664,498
78$6,679,440$1,200,610$552,634$6,152,924
79$7,286,908$1,185,605$497,313$6,689,061
80$7,954,012$1,167,540$437,812$7,277,738
81$8,686,762$1,146,189$373,919$7,924,276
82$9,491,777$1,121,318$305,412$8,634,540
83$10,376,352$1,092,676$232,056$9,414,990
84$11,348,520$1,059,998$153,610$10,272,749
85$12,417,133$1,023,002$69,820$11,215,664
86$13,591,944$981,392$0$12,252,385
87$14,883,695$934,853$0$13,394,115
88$16,304,224$883,053$0$14,656,154
89$17,866,573$825,640$0$16,044,137
90$19,585,110$762,243$0$17,570,848
91$21,475,666$692,468$0$19,250,371
92$23,555,684$615,899$0$21,098,228
93$25,844,383$532,098$0$23,131,525
94$28,362,940$440,600$0$25,369,110
95$31,134,685$340,915$0$27,831,752
96$34,185,329$232,525$0$30,542,341
97$37,543,197$114,884$0$33,526,099
98$41,239,504$0$0$36,810,820
99$45,308,641$0$0$40,428,657
100$49,788,506$0$0$44,427,009