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%13.5%
1 years$83,405$82,662$81,937$81,230$80,539$79,368
2 years$41,290$40,521$39,775$39,053$38,352$37,175
3 years$27,253$26,481$25,737$25,021$24,332$23,185
4 years$20,236$19,466$18,730$18,027$17,354$16,246
5 years$16,027$15,262$14,535$13,846$13,192$12,127
6 years$13,222$12,462$11,747$11,073$10,438$9,417
7 years$11,219$10,466$9,762$9,104$8,489$7,511
8 years$9,717$8,971$8,279$7,637$7,043$6,109
9 years$8,550$7,811$7,130$6,505$5,931$5,040
10 years$7,617$6,885$6,216$5,607$5,053$4,205
11 years$6,854$6,129$5,473$4,880$4,346$3,540
12 years$6,219$5,501$4,857$4,280$3,766$3,001
13 years$5,681$4,972$4,339$3,779$3,284$2,559
14 years$5,221$4,519$3,899$3,355$2,879$2,192
15 years$4,823$4,128$3,520$2,992$2,535$1,886
16 years$4,475$3,788$3,192$2,679$2,240$1,627
17 years$4,168$3,488$2,904$2,407$1,986$1,408
18 years$3,895$3,223$2,651$2,169$1,766$1,222
19 years$3,652$2,987$2,427$1,960$1,574$1,062
20 years$3,433$2,776$2,227$1,775$1,406$925
21 years$3,235$2,586$2,049$1,611$1,258$806
22 years$3,055$2,414$1,888$1,465$1,128$704
23 years$2,891$2,257$1,743$1,334$1,013$616
24 years$2,742$2,115$1,612$1,217$910$539
25 years$2,604$1,985$1,493$1,111$819$472
26 years$2,477$1,865$1,385$1,016$738$414
27 years$2,360$1,756$1,286$930$665$363
28 years$2,251$1,654$1,196$852$600$318
29 years$2,150$1,561$1,113$781$542$279
30 years$2,056$1,474$1,036$717$490$245
31 years$1,968$1,393$966$659$443$216
32 years$1,886$1,318$901$605$400$190
33 years$1,809$1,248$842$557$362$167
34 years$1,736$1,183$786$512$328$147
35 years$1,668$1,122$735$471$297$129
36 years$1,604$1,065$688$434$269$113
37 years$1,544$1,012$644$400$244$100
38 years$1,486$962$603$369$221$88
39 years$1,432$914$565$340$201$77
40 years$1,381$870$529$314$182$68
41 years$1,332$828$496$289$165$60
42 years$1,286$789$466$267$150$53
43 years$1,242$751$437$246$136$46
44 years$1,200$716$410$228$123$41
45 years$1,160$683$385$210$112$36
46 years$1,122$652$362$194$102$32
47 years$1,086$622$340$179$92$28
48 years$1,051$594$319$166$84$25
49 years$1,018$567$300$153$76$22
50 years$986$541$282$142$69$19

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 $6,626 every year, while hoping to spend $21,393 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: 28/47/25 Blend
54$1,010,000$1,010,000$1,010,000$1,010,000
55$1,119,855$1,066,325$1,050,670$1,142,329
56$1,211,318$1,095,813$1,063,105$1,190,077
57$1,311,393$1,126,028$1,075,240$1,239,032
58$1,420,937$1,156,985$1,087,042$1,291,190
59$1,540,891$1,188,696$1,098,477$1,346,837
60$1,672,294$1,221,174$1,109,507$1,406,292
61$1,816,287$1,254,431$1,120,096$1,469,904
62$1,974,131$1,288,481$1,130,201$1,538,058
63$2,147,212$1,323,336$1,139,782$1,611,175
64$2,337,055$1,359,007$1,148,793$1,689,722
65$2,545,344$1,395,508$1,157,187$1,774,211
66$2,773,931$1,432,849$1,164,914$1,865,208
67$3,024,855$1,471,042$1,171,922$1,963,333
68$3,300,366$1,510,099$1,178,157$2,069,271
69$3,602,938$1,550,028$1,183,560$2,183,778
70$3,935,299$1,590,841$1,188,071$2,307,683
71$4,300,455$1,632,548$1,191,626$2,441,903
72$4,701,715$1,675,156$1,194,159$2,587,446
73$5,142,725$1,718,674$1,195,599$2,745,422
74$5,627,504$1,763,110$1,195,872$2,917,057
75$6,160,477$1,808,470$1,194,902$3,103,700
76$6,746,521$1,854,760$1,192,606$3,306,836
77$7,391,008$1,901,985$1,188,900$3,528,105
78$8,099,857$1,950,149$1,183,695$3,769,312
79$8,879,591$1,999,255$1,176,897$4,032,446
80$9,737,394$2,049,303$1,168,408$4,319,699
81$10,681,184$2,100,295$1,158,126$4,633,489
82$11,719,684$2,152,228$1,145,942$4,976,478
83$12,862,504$2,205,100$1,131,744$5,351,602
84$14,120,236$2,258,906$1,115,413$5,762,096
85$15,504,548$2,313,640$1,096,827$6,211,525
86$17,028,297$2,369,294$1,075,856$6,703,820
87$18,705,651$2,425,857$1,052,365$7,243,310
88$20,552,219$2,483,315$1,026,211$7,834,771
89$22,585,203$2,541,655$997,247$8,483,465
90$24,823,556$2,600,859$965,317$9,195,189
91$27,288,163$2,660,905$930,259$9,976,339
92$30,002,037$2,721,771$891,904$10,833,957
93$32,990,536$2,783,429$850,074$11,775,811
94$36,281,603$2,845,849$804,584$12,810,460
95$39,906,029$2,908,998$755,240$13,947,338
96$43,897,743$2,972,838$701,839$15,196,843
97$48,294,133$3,037,327$644,171$16,570,437
98$53,136,397$3,102,419$582,014$18,080,752
99$58,469,935$3,168,063$515,136$19,741,711
100$64,344,772$3,234,203$443,298$21,568,662