Can I retire at age 55 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$96,618$95,757$94,917$94,098$93,297$91,639
2 years$47,830$46,940$46,076$45,239$44,427$42,762
3 years$31,570$30,676$29,814$28,985$28,187$26,566
4 years$23,442$22,550$21,697$20,882$20,103$18,540
5 years$18,566$17,679$16,838$16,040$15,282$13,781
6 years$15,316$14,436$13,608$12,827$12,092$10,655
7 years$12,996$12,124$11,308$10,546$9,834$8,461
8 years$11,257$10,392$9,590$8,847$8,158$6,849
9 years$9,905$9,048$8,260$7,535$6,870$5,625
10 years$8,824$7,976$7,201$6,496$5,854$4,670
11 years$7,940$7,100$6,340$5,653$5,035$3,912
12 years$7,204$6,373$5,626$4,958$4,363$3,299
13 years$6,581$5,759$5,027$4,378$3,805$2,798
14 years$6,048$5,235$4,517$3,886$3,335$2,384
15 years$5,587$4,782$4,078$3,466$2,936$2,040
16 years$5,184$4,388$3,697$3,103$2,595$1,750
17 years$4,828$4,041$3,364$2,788$2,301$1,506
18 years$4,512$3,734$3,071$2,513$2,046$1,299
19 years$4,230$3,461$2,812$2,270$1,824$1,123
20 years$3,976$3,216$2,580$2,056$1,629$972
21 years$3,747$2,995$2,373$1,866$1,458$842
22 years$3,539$2,796$2,187$1,697$1,307$731
23 years$3,350$2,615$2,020$1,545$1,173$635
24 years$3,176$2,450$1,868$1,409$1,054$552
25 years$3,016$2,299$1,730$1,287$949$481
26 years$2,869$2,161$1,605$1,177$855$419
27 years$2,734$2,034$1,490$1,077$770$365
28 years$2,608$1,916$1,385$987$695$318
29 years$2,491$1,808$1,289$905$628$277
30 years$2,382$1,707$1,201$831$567$242
31 years$2,280$1,614$1,119$763$513$211
32 years$2,185$1,527$1,044$701$464$185
33 years$2,095$1,446$975$645$420$161
34 years$2,011$1,371$911$593$380$141
35 years$1,933$1,300$852$546$344$123
36 years$1,858$1,234$797$503$312$107
37 years$1,788$1,172$746$463$283$94
38 years$1,722$1,114$698$427$256$82
39 years$1,659$1,059$654$394$232$72
40 years$1,600$1,008$613$363$211$63
41 years$1,543$959$575$335$191$55
42 years$1,490$914$539$309$174$48
43 years$1,439$870$506$286$157$42
44 years$1,390$830$475$264$143$37
45 years$1,344$791$446$243$130$32
46 years$1,300$755$419$225$118$28
47 years$1,258$720$394$208$107$25
48 years$1,218$688$370$192$97$21
49 years$1,179$657$348$177$88$19
50 years$1,142$627$327$164$80$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,170,000, adding $5,830 every year, while hoping to spend $28,943 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: 54/17/29 Blend
54$1,170,000$1,170,000$1,170,000$1,170,000
55$1,295,354$1,233,344$1,215,209$1,354,558
56$1,396,685$1,262,982$1,225,123$1,425,806
57$1,507,381$1,293,103$1,234,399$1,499,902
58$1,628,368$1,323,700$1,242,986$1,580,002
59$1,760,664$1,354,763$1,250,828$1,666,694
60$1,905,389$1,386,284$1,257,868$1,760,626
61$2,063,778$1,418,251$1,264,046$1,862,513
62$2,237,190$1,450,652$1,269,298$1,973,142
63$2,427,122$1,483,472$1,273,558$2,093,381
64$2,635,221$1,516,695$1,276,755$2,224,188
65$2,863,303$1,550,303$1,278,816$2,366,617
66$3,113,367$1,584,275$1,279,663$2,521,831
67$3,387,615$1,618,589$1,279,217$2,691,113
68$3,688,472$1,653,219$1,277,390$2,875,875
69$4,018,609$1,688,140$1,274,096$3,077,675
70$4,380,968$1,723,320$1,269,239$3,298,232
71$4,778,790$1,758,726$1,262,722$3,539,438
72$5,215,645$1,794,322$1,254,442$3,803,381
73$5,695,466$1,830,069$1,244,291$4,092,362
74$6,222,586$1,865,924$1,232,156$4,408,918
75$6,801,776$1,901,841$1,217,920$4,755,845
76$7,438,295$1,937,769$1,201,459$5,136,226
77$8,137,935$1,973,654$1,182,642$5,553,459
78$8,907,079$2,009,437$1,161,334$6,011,292
79$9,752,755$2,045,054$1,137,393$6,513,853
80$10,682,711$2,080,437$1,110,671$7,065,697
81$11,705,480$2,115,511$1,081,011$7,671,841
82$12,830,466$2,150,197$1,048,251$8,337,819
83$14,068,027$2,184,411$1,012,222$9,069,728
84$15,429,579$2,218,060$972,744$9,874,293
85$16,927,697$2,251,046$929,632$10,758,923
86$18,576,238$2,283,264$882,691$11,731,788
87$20,390,472$2,314,600$831,718$12,801,893
88$22,387,219$2,344,936$776,500$13,979,163
89$24,585,019$2,374,140$716,816$15,274,540
90$27,004,294$2,402,076$652,433$16,700,085
91$29,667,551$2,428,597$583,108$18,269,092
92$32,599,588$2,453,545$508,589$19,996,213
93$35,827,729$2,476,753$428,610$21,897,600
94$39,382,086$2,498,041$342,897$23,991,056
95$43,295,834$2,517,221$251,159$26,296,206
96$47,605,533$2,534,089$153,097$28,834,677
97$52,351,468$2,548,430$48,396$31,630,309
98$57,578,028$2,560,013$0$34,709,381
99$63,334,129$2,568,596$0$38,120,452
100$69,673,671$2,573,918$0$41,893,102