Can I retire at age 55 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$99,921$99,031$98,162$97,315$96,487$95,400
2 years$49,466$48,544$47,652$46,786$45,946$44,852
3 years$32,650$31,724$30,834$29,976$29,150$28,083
4 years$24,243$23,321$22,439$21,596$20,790$19,757
5 years$19,201$18,284$17,414$16,588$15,804$14,810
6 years$15,840$14,930$14,073$13,265$12,505$11,550
7 years$13,441$12,538$11,695$10,906$10,170$9,254
8 years$11,642$10,748$9,918$9,149$8,437$7,561
9 years$10,243$9,358$8,542$7,793$7,105$6,268
10 years$9,125$8,248$7,447$6,718$6,054$5,255
11 years$8,211$7,343$6,557$5,846$5,207$4,446
12 years$7,450$6,591$5,819$5,128$4,512$3,788
13 years$6,806$5,956$5,199$4,527$3,935$3,247
14 years$6,255$5,414$4,671$4,019$3,449$2,796
15 years$5,778$4,946$4,217$3,584$3,037$2,418
16 years$5,361$4,538$3,824$3,209$2,684$2,099
17 years$4,993$4,179$3,479$2,883$2,380$1,827
18 years$4,667$3,862$3,176$2,599$2,116$1,594
19 years$4,375$3,579$2,908$2,348$1,886$1,393
20 years$4,112$3,326$2,668$2,127$1,685$1,221
21 years$3,875$3,098$2,455$1,930$1,508$1,071
22 years$3,660$2,892$2,262$1,755$1,351$941
23 years$3,464$2,704$2,089$1,598$1,213$828
24 years$3,285$2,534$1,932$1,458$1,090$729
25 years$3,120$2,378$1,789$1,331$981$642
26 years$2,968$2,235$1,659$1,217$884$566
27 years$2,827$2,103$1,541$1,114$797$500
28 years$2,697$1,982$1,432$1,021$719$442
29 years$2,576$1,870$1,333$936$649$390
30 years$2,463$1,766$1,242$859$587$345
31 years$2,358$1,669$1,158$789$530$305
32 years$2,259$1,579$1,080$725$480$270
33 years$2,167$1,496$1,008$667$434$239
34 years$2,080$1,418$942$613$393$212
35 years$1,999$1,345$881$565$356$187
36 years$1,922$1,276$824$520$323$166
37 years$1,849$1,212$771$479$292$147
38 years$1,781$1,152$722$442$265$130
39 years$1,716$1,095$677$407$240$115
40 years$1,654$1,042$634$376$218$102
41 years$1,596$992$595$347$198$91
42 years$1,541$945$558$320$179$80
43 years$1,488$900$524$295$163$71
44 years$1,438$858$491$273$148$63
45 years$1,390$818$461$252$134$56
46 years$1,344$781$433$233$122$50
47 years$1,301$745$407$215$111$44
48 years$1,259$711$383$199$100$39
49 years$1,219$679$360$183$91$35
50 years$1,181$649$338$170$83$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,210,000, adding $3,177 every year, while hoping to spend $50,749 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: 34/48/18 Blend
54$1,210,000$1,210,000$1,210,000$1,210,000
55$1,336,697$1,272,567$1,253,812$1,374,633
56$1,419,044$1,280,926$1,241,818$1,411,143
57$1,508,089$1,287,994$1,227,722$1,445,552
58$1,604,462$1,293,654$1,211,398$1,481,587
59$1,708,855$1,297,782$1,192,719$1,519,421
60$1,822,030$1,300,244$1,171,546$1,559,246
61$1,944,823$1,300,902$1,147,739$1,601,281
62$2,078,155$1,299,607$1,121,148$1,645,766
63$2,223,038$1,296,198$1,091,618$1,692,973
64$2,380,586$1,290,510$1,058,985$1,743,203
65$2,552,023$1,282,363$1,023,079$1,796,796
66$2,738,699$1,271,568$983,722$1,854,127
67$2,942,097$1,257,925$940,726$1,915,617
68$3,163,848$1,241,221$893,898$1,981,734
69$3,405,750$1,221,231$843,034$2,053,001
70$3,669,781$1,197,715$787,920$2,129,998
71$3,958,118$1,170,422$728,333$2,213,373
72$4,273,156$1,139,083$664,043$2,303,845
73$4,617,534$1,103,414$594,805$2,402,216
74$4,994,157$1,063,116$520,365$2,509,376
75$5,406,224$1,017,871$440,460$2,626,313
76$5,857,255$967,343$354,811$2,754,127
77$6,351,128$911,176$263,131$2,894,038
78$6,892,114$848,995$165,117$3,047,401
79$7,484,916$780,401$60,454$3,215,720
80$8,134,712$704,976$0$3,400,662
81$8,847,207$622,274$0$3,613,918
82$9,628,683$531,827$0$3,860,730
83$10,486,060$433,138$0$4,131,816
84$11,426,960$325,683$0$4,429,769
85$12,459,779$208,910$0$4,757,454
86$13,593,764$82,235$0$5,118,042
87$14,839,102$0$0$5,515,040
88$16,207,017$0$0$5,981,352
89$17,709,870$0$0$6,541,572
90$19,361,281$0$0$7,157,363
91$21,176,254$0$0$7,834,344
92$23,171,317$0$0$8,578,705
93$25,364,682$0$0$9,397,267
94$27,776,413$0$0$10,297,543
95$30,428,612$0$0$11,287,813
96$33,345,634$0$0$12,377,197
97$36,554,312$0$0$13,575,747
98$40,084,208$0$0$14,894,536
99$43,967,897$0$0$16,345,763
100$48,241,268$0$0$17,942,874