Can I retire at age 55 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$103,224$102,304$101,407$100,532$99,677$97,664
2 years$51,101$50,149$49,227$48,333$47,465$45,446
3 years$33,729$32,773$31,853$30,967$30,114$28,152
4 years$25,045$24,092$23,181$22,310$21,477$19,587
5 years$19,835$18,888$17,989$17,136$16,327$14,514
6 years$16,364$15,424$14,538$13,704$12,919$11,185
7 years$13,885$12,953$12,081$11,267$10,506$8,852
8 years$12,027$11,103$10,246$9,451$8,716$7,141
9 years$10,582$9,667$8,825$8,051$7,340$5,843
10 years$9,427$8,521$7,694$6,940$6,254$4,834
11 years$8,483$7,586$6,773$6,040$5,379$4,033
12 years$7,696$6,809$6,011$5,298$4,661$3,388
13 years$7,031$6,153$5,371$4,677$4,065$2,863
14 years$6,462$5,593$4,825$4,152$3,563$2,429
15 years$5,969$5,109$4,357$3,703$3,137$2,070
16 years$5,538$4,688$3,950$3,315$2,773$1,769
17 years$5,158$4,317$3,594$2,979$2,458$1,515
18 years$4,821$3,989$3,281$2,684$2,186$1,301
19 years$4,519$3,697$3,004$2,426$1,948$1,120
20 years$4,248$3,436$2,757$2,197$1,740$965
21 years$4,004$3,200$2,536$1,994$1,557$832
22 years$3,781$2,987$2,337$1,813$1,396$719
23 years$3,579$2,794$2,158$1,651$1,253$622
24 years$3,393$2,618$1,996$1,506$1,126$538
25 years$3,223$2,457$1,848$1,375$1,014$466
26 years$3,066$2,309$1,714$1,257$913$404
27 years$2,921$2,173$1,592$1,151$823$350
28 years$2,786$2,047$1,480$1,054$743$304
29 years$2,661$1,931$1,377$967$671$264
30 years$2,544$1,824$1,283$887$606$229
31 years$2,436$1,724$1,196$815$548$199
32 years$2,334$1,632$1,116$749$496$173
33 years$2,239$1,545$1,042$689$448$150
34 years$2,149$1,464$973$634$406$131
35 years$2,065$1,389$910$583$368$114
36 years$1,985$1,318$851$537$333$99
37 years$1,910$1,252$797$495$302$86
38 years$1,840$1,190$746$456$274$75
39 years$1,772$1,132$699$421$248$65
40 years$1,709$1,077$655$388$225$56
41 years$1,649$1,025$614$358$204$49
42 years$1,591$976$576$330$185$43
43 years$1,537$930$541$305$168$37
44 years$1,485$886$508$282$153$32
45 years$1,436$845$477$260$139$28
46 years$1,389$806$448$240$126$24
47 years$1,344$770$421$222$114$21
48 years$1,301$735$395$205$104$19
49 years$1,260$702$372$190$94$16
50 years$1,220$670$349$175$86$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,250,000, adding $3,787 every year, while hoping to spend $36,848 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: 44/40/16 Blend
54$1,250,000$1,250,000$1,250,000$1,250,000
55$1,381,406$1,315,156$1,295,781$1,435,653
56$1,483,104$1,340,393$1,299,984$1,499,260
57$1,593,939$1,365,631$1,303,092$1,564,192
58$1,714,806$1,390,832$1,305,031$1,633,782
59$1,846,688$1,415,954$1,305,721$1,708,475
60$1,990,666$1,440,952$1,305,078$1,788,765
61$2,147,931$1,465,776$1,303,016$1,875,193
62$2,319,795$1,490,374$1,299,442$1,968,357
63$2,507,702$1,514,691$1,294,262$2,068,920
64$2,713,242$1,538,664$1,287,373$2,177,609
65$2,938,163$1,562,229$1,278,671$2,295,228
66$3,184,394$1,585,316$1,268,044$2,422,665
67$3,454,056$1,607,851$1,255,378$2,560,897
68$3,749,486$1,629,753$1,240,550$2,711,005
69$4,073,259$1,650,935$1,223,433$2,874,179
70$4,428,208$1,671,308$1,203,895$3,051,733
71$4,817,456$1,690,773$1,181,796$3,245,118
72$5,244,440$1,709,224$1,156,990$3,455,932
73$5,712,948$1,726,552$1,129,324$3,685,940
74$6,227,152$1,742,636$1,098,640$3,937,088
75$6,791,646$1,757,349$1,064,769$4,211,523
76$7,411,492$1,770,558$1,027,537$4,511,616
77$8,092,267$1,782,117$986,761$4,839,977
78$8,840,111$1,791,874$942,251$5,199,491
79$9,661,792$1,799,666$893,806$5,593,338
80$10,564,765$1,805,319$841,219$6,025,023
81$11,557,241$1,808,650$784,269$6,498,417
82$12,648,268$1,809,462$722,731$7,017,786
83$13,847,813$1,807,548$656,364$7,587,837
84$15,166,859$1,802,687$584,921$8,213,762
85$16,617,505$1,794,644$508,142$8,901,286
86$18,213,080$1,783,172$425,755$9,656,723
87$19,968,273$1,768,006$337,477$10,487,038
88$21,899,266$1,748,867$243,011$11,399,912
89$24,023,888$1,725,459$142,049$12,403,814
90$26,361,785$1,697,466$34,268$13,508,085
91$28,934,602$1,664,557$0$14,723,026
92$31,766,190$1,626,379$0$16,073,781
93$34,882,828$1,582,558$0$17,566,229
94$38,313,472$1,532,700$0$19,208,387
95$42,090,029$1,476,385$0$21,015,551
96$46,247,655$1,413,171$0$23,004,581
97$50,825,089$1,342,589$0$25,194,063
98$55,865,016$1,264,144$0$27,604,487
99$61,414,473$1,177,313$0$30,258,439
100$67,525,288$1,081,540$0$33,180,817