Can I retire at age 55 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$86,708$85,936$85,182$84,447$83,728$82,274
2 years$42,925$42,125$41,351$40,599$39,871$38,410
3 years$28,332$27,529$26,757$26,012$25,296$23,874
4 years$21,037$20,237$19,472$18,740$18,041$16,670
5 years$16,662$15,866$15,111$14,394$13,715$12,397
6 years$13,745$12,956$12,212$11,511$10,852$9,590
7 years$11,663$10,880$10,148$9,464$8,825$7,620
8 years$10,102$9,326$8,606$7,939$7,322$6,172
9 years$8,889$8,120$7,413$6,762$6,166$5,071
10 years$7,919$7,158$6,463$5,829$5,254$4,213
11 years$7,125$6,372$5,690$5,073$4,518$3,531
12 years$6,465$5,719$5,049$4,450$3,915$2,980
13 years$5,906$5,168$4,511$3,929$3,414$2,529
14 years$5,428$4,698$4,053$3,487$2,993$2,157
15 years$5,014$4,292$3,660$3,110$2,635$1,846
16 years$4,652$3,938$3,318$2,785$2,329$1,585
17 years$4,333$3,626$3,019$2,502$2,065$1,365
18 years$4,049$3,351$2,756$2,255$1,836$1,178
19 years$3,796$3,106$2,523$2,037$1,637$1,019
20 years$3,569$2,886$2,316$1,845$1,462$883
21 years$3,363$2,688$2,130$1,675$1,308$766
22 years$3,176$2,509$1,963$1,523$1,173$665
23 years$3,006$2,347$1,813$1,387$1,053$578
24 years$2,850$2,199$1,676$1,265$946$503
25 years$2,707$2,063$1,553$1,155$851$438
26 years$2,575$1,939$1,440$1,056$767$382
27 years$2,453$1,825$1,337$967$691$333
28 years$2,340$1,720$1,243$886$624$291
29 years$2,235$1,622$1,157$812$563$254
30 years$2,137$1,532$1,077$745$509$222
31 years$2,046$1,448$1,004$685$460$194
32 years$1,961$1,371$937$629$416$169
33 years$1,880$1,298$875$579$377$148
34 years$1,805$1,230$818$532$341$129
35 years$1,734$1,167$764$490$309$113
36 years$1,668$1,107$715$451$280$99
37 years$1,605$1,052$669$416$254$87
38 years$1,545$1,000$627$383$230$76
39 years$1,489$951$587$353$209$66
40 years$1,436$904$550$326$189$58
41 years$1,385$861$516$301$172$51
42 years$1,337$820$484$278$156$44
43 years$1,291$781$454$256$141$39
44 years$1,248$745$426$237$128$34
45 years$1,206$710$400$218$116$30
46 years$1,167$677$376$202$106$26
47 years$1,129$646$353$186$96$23
48 years$1,093$617$332$172$87$20
49 years$1,058$589$312$159$79$17
50 years$1,025$563$293$147$72$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,050,000, adding $3,823 every year, while hoping to spend $32,866 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: 40/44/16 Blend
54$1,050,000$1,050,000$1,050,000$1,050,000
55$1,161,043$1,105,393$1,089,118$1,201,823
56$1,244,501$1,124,589$1,090,635$1,250,356
57$1,335,369$1,143,623$1,091,100$1,299,348
58$1,434,370$1,162,453$1,090,445$1,351,648
59$1,542,297$1,181,035$1,088,596$1,407,572
60$1,660,023$1,199,317$1,085,476$1,467,470
61$1,788,510$1,217,249$1,081,005$1,531,729
62$1,928,817$1,234,773$1,075,097$1,600,775
63$2,082,109$1,251,829$1,067,665$1,675,079
64$2,249,667$1,268,352$1,058,615$1,755,161
65$2,432,905$1,284,273$1,047,850$1,841,596
66$2,633,376$1,299,518$1,035,269$1,935,019
67$2,852,794$1,314,007$1,020,764$2,036,129
68$3,093,043$1,327,658$1,004,223$2,145,701
69$3,356,199$1,340,379$985,531$2,264,589
70$3,644,549$1,352,075$964,563$2,393,737
71$3,960,610$1,362,643$941,193$2,534,185
72$4,307,155$1,371,975$915,286$2,687,084
73$4,687,238$1,379,956$886,701$2,853,704
74$5,104,224$1,386,461$855,293$3,035,447
75$5,561,817$1,391,360$820,908$3,233,859
76$6,064,099$1,394,513$783,385$3,450,650
77$6,615,565$1,395,772$742,557$3,687,705
78$7,221,169$1,394,981$698,248$3,947,106
79$7,886,364$1,391,971$650,275$4,231,150
80$8,617,162$1,386,566$598,448$4,542,373
81$9,420,182$1,378,577$542,565$4,883,573
82$10,302,718$1,367,805$482,419$5,257,839
83$11,272,806$1,354,038$417,791$5,668,579
84$12,339,297$1,337,052$348,452$6,119,555
85$13,511,946$1,316,608$274,166$6,614,917
86$14,801,498$1,292,455$194,684$7,159,243
87$16,219,791$1,264,325$109,745$7,757,587
88$17,779,868$1,231,936$19,081$8,415,522
89$19,496,102$1,194,988$0$9,139,200
90$21,384,326$1,153,164$0$9,948,664
91$23,461,987$1,106,129$0$10,842,479
92$25,748,309$1,053,528$0$11,825,693
93$28,264,470$994,985$0$12,907,467
94$31,033,810$930,103$0$14,097,906
95$34,082,043$858,463$0$15,408,152
96$37,437,504$779,619$0$16,850,487
97$41,131,412$693,104$0$18,438,458
98$45,198,171$598,421$0$20,187,000
99$49,675,688$495,047$0$22,112,580
100$54,605,730$382,427$0$24,233,354