Can I retire at age 55 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$95,792$94,938$94,106$93,293$92,500$89,575
2 years$47,422$46,538$45,683$44,853$44,048$41,127
3 years$31,300$30,413$29,560$28,738$27,946$25,121
4 years$23,241$22,357$21,512$20,704$19,931$17,225
5 years$18,407$17,528$16,694$15,902$15,151$12,570
6 years$15,185$14,313$13,491$12,717$11,989$9,535
7 years$12,885$12,020$11,211$10,456$9,750$7,423
8 years$11,161$10,303$9,508$8,771$8,089$5,887
9 years$9,820$8,971$8,189$7,471$6,812$4,734
10 years$8,748$7,908$7,140$6,440$5,804$3,846
11 years$7,872$7,040$6,286$5,605$4,992$3,150
12 years$7,142$6,318$5,578$4,916$4,326$2,596
13 years$6,525$5,710$4,984$4,340$3,772$2,151
14 years$5,997$5,190$4,478$3,853$3,307$1,790
15 years$5,539$4,741$4,043$3,436$2,911$1,494
16 years$5,139$4,350$3,666$3,077$2,573$1,250
17 years$4,787$4,006$3,336$2,764$2,281$1,049
18 years$4,474$3,702$3,045$2,491$2,029$882
19 years$4,194$3,431$2,788$2,251$1,808$742
20 years$3,942$3,188$2,558$2,039$1,615$626
21 years$3,715$2,970$2,353$1,850$1,445$528
22 years$3,509$2,772$2,169$1,682$1,295$446
23 years$3,321$2,593$2,002$1,532$1,163$377
24 years$3,149$2,429$1,852$1,397$1,045$319
25 years$2,991$2,280$1,715$1,276$941$270
26 years$2,845$2,143$1,591$1,167$847$229
27 years$2,710$2,016$1,477$1,068$764$194
28 years$2,585$1,900$1,373$979$689$164
29 years$2,469$1,792$1,278$897$622$139
30 years$2,361$1,693$1,190$824$562$118
31 years$2,260$1,600$1,110$756$508$100
32 years$2,166$1,514$1,035$695$460$85
33 years$2,077$1,434$967$639$416$72
34 years$1,994$1,359$903$588$377$61
35 years$1,916$1,289$844$541$341$52
36 years$1,842$1,223$790$499$309$44
37 years$1,773$1,162$739$459$280$37
38 years$1,707$1,104$692$423$254$32
39 years$1,645$1,050$649$390$230$27
40 years$1,586$999$608$360$209$23
41 years$1,530$951$570$332$190$19
42 years$1,477$906$535$307$172$16
43 years$1,426$863$502$283$156$14
44 years$1,378$823$471$261$142$12
45 years$1,332$784$442$241$129$10
46 years$1,289$748$415$223$117$9
47 years$1,247$714$390$206$106$7
48 years$1,207$682$367$190$96$6
49 years$1,169$651$345$176$87$5
50 years$1,133$622$324$163$79$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,160,000, adding $4,845 every year, while hoping to spend $53,089 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: 26/49/25 Blend
54$1,160,000$1,160,000$1,160,000$1,160,000
55$1,283,318$1,221,838$1,203,858$1,306,485
56$1,357,730$1,225,221$1,187,701$1,328,992
57$1,437,953$1,226,992$1,169,223$1,348,218
58$1,524,523$1,227,013$1,148,291$1,367,733
59$1,618,030$1,225,143$1,124,765$1,387,596
60$1,719,122$1,221,228$1,098,497$1,407,877
61$1,828,511$1,215,107$1,069,336$1,428,657
62$1,946,980$1,206,608$1,037,119$1,450,031
63$2,075,390$1,195,549$1,001,680$1,472,108
64$2,214,687$1,181,738$962,844$1,495,016
65$2,365,911$1,164,970$920,425$1,518,901
66$2,530,209$1,145,028$874,234$1,543,928
67$2,708,838$1,121,682$824,069$1,570,291
68$2,903,185$1,094,690$769,721$1,598,206
69$3,114,773$1,063,793$710,970$1,627,922
70$3,345,281$1,028,720$647,588$1,659,719
71$3,596,554$989,182$579,337$1,693,918
72$3,870,623$944,872$505,965$1,730,879
73$4,169,725$895,469$427,213$1,771,008
74$4,496,320$840,631$342,808$1,814,766
75$4,853,119$779,996$252,467$1,862,670
76$5,243,104$713,182$155,891$1,915,302
77$5,669,558$639,786$52,771$1,973,315
78$6,136,098$559,381$0$2,037,442
79$6,646,705$471,515$0$2,123,784
80$7,205,763$375,713$0$2,233,997
81$7,818,099$271,472$0$2,355,115
82$8,489,030$158,258$0$2,488,387
83$9,224,410$35,512$0$2,635,201
84$10,030,689$0$0$2,797,099
85$10,914,968$0$0$3,028,289
86$11,885,069$0$0$3,303,121
87$12,949,609$0$0$3,604,915
88$14,118,078$0$0$3,936,384
89$15,400,931$0$0$4,300,522
90$16,809,684$0$0$4,700,625
91$18,357,022$0$0$5,140,324
92$20,056,919$0$0$5,623,620
93$21,924,772$0$0$6,154,920
94$23,977,541$0$0$6,739,080
95$26,233,910$0$0$7,381,449
96$28,714,464$0$0$8,087,922
97$31,441,883$0$0$8,864,993
98$34,441,153$0$0$9,719,816
99$37,739,802$0$0$10,660,275
100$41,368,161$0$0$11,695,055