Can I retire at age 55 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$108,179$107,215$106,275$105,357$104,461$100,875
2 years$53,554$52,556$51,590$50,653$49,743$46,167
3 years$35,348$34,346$33,382$32,454$31,559$28,105
4 years$26,247$25,248$24,294$23,381$22,508$19,203
5 years$20,787$19,795$18,853$17,959$17,110$13,962
6 years$17,149$16,164$15,236$14,362$13,539$10,550
7 years$14,551$13,574$12,661$11,808$11,011$8,181
8 years$12,604$11,636$10,738$9,905$9,135$6,461
9 years$11,090$10,131$9,248$8,437$7,693$5,173
10 years$9,880$8,930$8,063$7,273$6,554$4,184
11 years$8,890$7,950$7,098$6,329$5,637$3,412
12 years$8,066$7,135$6,300$5,552$4,885$2,799
13 years$7,369$6,448$5,628$4,901$4,260$2,308
14 years$6,772$5,861$5,057$4,351$3,734$1,911
15 years$6,255$5,354$4,566$3,880$3,288$1,587
16 years$5,804$4,913$4,140$3,474$2,906$1,322
17 years$5,406$4,524$3,767$3,122$2,576$1,103
18 years$5,052$4,181$3,439$2,813$2,291$923
19 years$4,736$3,875$3,148$2,542$2,042$773
20 years$4,452$3,600$2,889$2,302$1,824$648
21 years$4,196$3,354$2,657$2,089$1,632$544
22 years$3,963$3,131$2,449$1,900$1,463$457
23 years$3,750$2,928$2,261$1,730$1,313$384
24 years$3,556$2,743$2,091$1,578$1,180$323
25 years$3,377$2,574$1,937$1,441$1,062$272
26 years$3,213$2,420$1,797$1,318$957$229
27 years$3,061$2,277$1,668$1,206$863$193
28 years$2,920$2,146$1,551$1,105$778$162
29 years$2,789$2,024$1,443$1,013$703$137
30 years$2,667$1,912$1,344$930$635$115
31 years$2,553$1,807$1,253$854$574$97
32 years$2,446$1,710$1,169$785$519$82
33 years$2,346$1,619$1,092$722$470$69
34 years$2,252$1,535$1,020$664$426$58
35 years$2,164$1,456$954$611$385$49
36 years$2,081$1,382$892$563$349$42
37 years$2,002$1,312$835$519$317$35
38 years$1,928$1,247$782$478$287$30
39 years$1,858$1,186$733$441$260$25
40 years$1,791$1,128$687$407$236$21
41 years$1,728$1,074$644$375$214$18
42 years$1,668$1,023$604$346$194$15
43 years$1,611$975$567$320$176$13
44 years$1,556$929$532$295$160$11
45 years$1,505$886$500$273$145$9
46 years$1,455$845$469$252$132$8
47 years$1,408$806$441$233$120$6
48 years$1,363$770$414$215$109$5
49 years$1,320$735$389$199$99$5
50 years$1,279$702$366$184$90$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,310,000, adding $4,070 every year, while hoping to spend $57,603 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: 42/34/24 Blend
54$1,310,000$1,310,000$1,310,000$1,310,000
55$1,447,818$1,378,388$1,358,083$1,498,300
56$1,534,207$1,384,640$1,342,290$1,541,019
57$1,627,476$1,389,268$1,324,037$1,581,441
58$1,728,267$1,392,131$1,303,181$1,624,074
59$1,837,285$1,393,080$1,279,572$1,669,153
60$1,955,304$1,391,956$1,253,054$1,716,942
61$2,083,175$1,388,593$1,223,461$1,767,733
62$2,221,835$1,382,809$1,190,623$1,821,855
63$2,372,312$1,374,417$1,154,359$1,879,671
64$2,535,740$1,363,215$1,114,482$1,941,587
65$2,713,363$1,348,990$1,070,794$2,008,056
66$2,906,551$1,331,516$1,023,091$2,079,578
67$3,116,811$1,310,553$971,157$2,156,715
68$3,345,803$1,285,847$914,767$2,240,086
69$3,595,351$1,257,129$853,688$2,330,384
70$3,867,463$1,224,115$787,673$2,428,374
71$4,164,351$1,186,503$716,466$2,534,910
72$4,488,446$1,143,973$639,800$2,650,937
73$4,842,429$1,096,189$557,394$2,777,506
74$5,229,247$1,042,792$468,957$2,915,781
75$5,652,146$983,405$374,183$3,067,055
76$6,114,701$917,628$272,754$3,232,760
77$6,620,846$845,038$164,338$3,414,485
78$7,174,915$765,188$48,586$3,613,991
79$7,781,680$677,605$0$3,833,226
80$8,446,395$581,791$0$4,093,544
81$9,174,847$477,219$0$4,392,670
82$9,973,409$363,330$0$4,720,900
83$10,849,100$239,536$0$5,081,272
84$11,809,651$105,217$0$5,477,142
85$12,863,578$0$0$5,912,217
86$14,020,260$0$0$6,405,660
87$15,290,027$0$0$6,990,730
88$16,684,262$0$0$7,633,326
89$18,215,501$0$0$8,339,246
90$19,897,553$0$0$9,114,881
91$21,745,632$0$0$9,967,270
92$23,776,499$0$0$10,904,166
93$26,008,619$0$0$11,934,112
94$28,462,332$0$0$13,066,522
95$31,160,051$0$0$14,311,764
96$34,126,466$0$0$15,681,263
97$37,388,779$0$0$17,187,607
98$40,976,963$0$0$18,844,664
99$44,924,040$0$0$20,667,713
100$49,266,392$0$0$22,673,592