Can I retire at age 55 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$105,701$104,760$103,841$102,944$102,069$99,040
2 years$52,327$51,353$50,408$49,493$48,604$45,577
3 years$34,538$33,560$32,618$31,710$30,837$27,907
4 years$25,646$24,670$23,737$22,846$21,993$19,183
5 years$20,311$19,341$18,421$17,548$16,719$14,036
6 years$16,756$15,794$14,887$14,033$13,229$10,676
7 years$14,218$13,264$12,371$11,537$10,759$8,336
8 years$12,315$11,369$10,492$9,678$8,925$6,630
9 years$10,836$9,899$9,036$8,244$7,516$5,347
10 years$9,653$8,726$7,878$7,106$6,404$4,358
11 years$8,686$7,768$6,936$6,185$5,508$3,581
12 years$7,881$6,972$6,155$5,425$4,773$2,962
13 years$7,200$6,301$5,499$4,789$4,162$2,462
14 years$6,617$5,727$4,941$4,251$3,649$2,055
15 years$6,112$5,232$4,461$3,791$3,212$1,722
16 years$5,671$4,800$4,045$3,395$2,839$1,446
17 years$5,282$4,421$3,681$3,050$2,517$1,218
18 years$4,936$4,085$3,360$2,749$2,238$1,028
19 years$4,628$3,786$3,076$2,484$1,995$868
20 years$4,350$3,518$2,823$2,250$1,782$735
21 years$4,100$3,277$2,596$2,042$1,595$622
22 years$3,872$3,059$2,393$1,856$1,429$528
23 years$3,664$2,861$2,210$1,691$1,283$448
24 years$3,475$2,680$2,043$1,542$1,153$380
25 years$3,300$2,515$1,893$1,408$1,038$323
26 years$3,139$2,364$1,755$1,288$935$275
27 years$2,991$2,225$1,630$1,179$843$234
28 years$2,853$2,097$1,515$1,080$761$199
29 years$2,725$1,978$1,410$990$687$169
30 years$2,606$1,868$1,313$909$621$144
31 years$2,494$1,766$1,225$835$561$123
32 years$2,390$1,671$1,142$767$507$104
33 years$2,292$1,582$1,067$705$459$89
34 years$2,201$1,500$997$649$416$76
35 years$2,114$1,422$932$597$377$65
36 years$2,033$1,350$872$550$341$55
37 years$1,956$1,282$816$507$309$47
38 years$1,884$1,219$764$467$280$40
39 years$1,815$1,159$716$431$254$34
40 years$1,750$1,102$671$397$231$29
41 years$1,688$1,049$629$367$209$25
42 years$1,630$999$590$338$190$21
43 years$1,574$952$554$312$172$18
44 years$1,521$908$520$288$156$15
45 years$1,470$866$488$266$142$13
46 years$1,422$826$458$246$129$11
47 years$1,376$788$431$227$117$9
48 years$1,332$752$405$210$106$8
49 years$1,290$718$380$194$97$7
50 years$1,250$686$358$179$88$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,280,000, adding $3,352 every year, while hoping to spend $24,211 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: 78/7/15 Blend
54$1,280,000$1,280,000$1,280,000$1,280,000
55$1,414,018$1,346,178$1,326,338$1,519,594
56$1,532,487$1,386,380$1,345,010$1,629,844
57$1,662,229$1,427,741$1,363,496$1,747,339
58$1,804,368$1,470,291$1,381,764$1,875,546
59$1,960,141$1,514,063$1,399,781$2,015,526
60$2,130,913$1,559,090$1,417,511$2,168,448
61$2,318,184$1,605,404$1,434,916$2,335,599
62$2,523,610$1,653,040$1,451,957$2,518,398
63$2,749,012$1,702,032$1,468,591$2,718,406
64$2,996,397$1,752,417$1,484,774$2,937,346
65$3,267,975$1,804,231$1,500,460$3,177,111
66$3,566,181$1,857,512$1,515,598$3,439,791
67$3,893,698$1,912,296$1,530,137$3,727,685
68$4,253,480$1,968,623$1,544,021$4,043,329
69$4,648,782$2,026,534$1,557,194$4,389,513
70$5,083,191$2,086,067$1,569,593$4,769,314
71$5,560,658$2,147,265$1,581,155$5,186,121
72$6,085,533$2,210,169$1,591,812$5,643,668
73$6,662,613$2,274,823$1,601,493$6,146,069
74$7,297,180$2,341,270$1,610,124$6,697,856
75$7,995,056$2,409,555$1,617,626$7,304,023
76$8,762,651$2,479,723$1,623,917$7,970,074
77$9,607,033$2,551,821$1,628,909$8,702,072
78$10,535,985$2,625,895$1,632,512$9,506,696
79$11,558,085$2,701,993$1,634,631$10,391,310
80$12,682,783$2,780,164$1,635,164$11,364,024
81$13,920,492$2,860,457$1,634,007$12,433,776
82$15,282,685$2,942,923$1,631,050$13,610,415
83$16,782,005$3,027,612$1,626,176$14,904,793
84$18,432,380$3,114,576$1,619,264$16,328,870
85$20,249,160$3,203,868$1,610,186$17,895,821
86$22,249,257$3,295,540$1,598,810$19,620,168
87$24,451,307$3,389,647$1,584,996$21,517,911
88$26,875,843$3,486,242$1,568,596$23,606,683
89$29,545,493$3,585,382$1,549,458$25,905,913
90$32,485,189$3,687,121$1,527,420$28,437,011
91$35,722,404$3,791,517$1,502,315$31,223,571
92$39,287,413$3,898,625$1,473,966$34,291,591
93$43,213,575$4,008,503$1,442,190$37,669,723
94$47,537,649$4,121,209$1,406,792$41,389,538
95$52,300,141$4,236,800$1,367,572$45,485,825
96$57,545,688$4,355,335$1,324,318$49,996,925
97$63,323,475$4,476,874$1,276,809$54,965,086
98$69,687,702$4,601,473$1,224,815$60,436,865
99$76,698,095$4,729,193$1,168,094$66,463,566
100$84,420,469$4,860,091$1,106,393$73,101,728