Can I retire at age 55 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$112,308$111,307$110,331$109,379$108,448$104,476
2 years$55,598$54,562$53,559$52,586$51,642$47,684
3 years$36,697$35,657$34,656$33,692$32,764$28,945
4 years$27,248$26,212$25,221$24,273$23,367$19,717
5 years$21,581$20,550$19,572$18,644$17,764$14,290
6 years$17,804$16,781$15,817$14,910$14,056$10,763
7 years$15,107$14,093$13,144$12,258$11,431$8,317
8 years$13,085$12,080$11,147$10,283$9,483$6,546
9 years$11,513$10,518$9,601$8,759$7,986$5,221
10 years$10,257$9,271$8,371$7,550$6,805$4,207
11 years$9,229$8,253$7,369$6,571$5,852$3,417
12 years$8,374$7,408$6,540$5,764$5,071$2,792
13 years$7,650$6,694$5,843$5,088$4,422$2,293
14 years$7,031$6,085$5,250$4,517$3,877$1,891
15 years$6,494$5,559$4,740$4,028$3,413$1,564
16 years$6,025$5,100$4,298$3,607$3,017$1,297
17 years$5,612$4,697$3,911$3,241$2,675$1,077
18 years$5,245$4,340$3,570$2,921$2,378$897
19 years$4,917$4,022$3,268$2,639$2,120$748
20 years$4,622$3,738$2,999$2,390$1,893$624
21 years$4,356$3,482$2,759$2,169$1,694$521
22 years$4,114$3,250$2,543$1,972$1,519$436
23 years$3,893$3,040$2,348$1,796$1,363$365
24 years$3,692$2,848$2,171$1,638$1,225$305
25 years$3,506$2,673$2,011$1,496$1,103$256
26 years$3,335$2,512$1,865$1,368$993$214
27 years$3,178$2,364$1,732$1,252$896$180
28 years$3,031$2,228$1,610$1,147$808$151
29 years$2,895$2,101$1,498$1,052$730$126
30 years$2,768$1,985$1,396$966$659$106
31 years$2,650$1,876$1,301$887$596$89
32 years$2,539$1,775$1,214$815$539$75
33 years$2,436$1,681$1,133$749$488$63
34 years$2,338$1,593$1,059$690$442$53
35 years$2,246$1,511$990$635$400$44
36 years$2,160$1,434$926$585$363$37
37 years$2,078$1,362$867$539$329$31
38 years$2,001$1,295$812$496$298$26
39 years$1,928$1,231$761$458$270$22
40 years$1,859$1,171$713$422$245$18
41 years$1,794$1,115$668$390$222$15
42 years$1,731$1,062$627$360$202$13
43 years$1,672$1,012$588$332$183$11
44 years$1,616$964$552$306$166$9
45 years$1,562$920$519$283$151$8
46 years$1,511$877$487$261$137$6
47 years$1,462$837$458$242$124$5
48 years$1,415$799$430$223$113$5
49 years$1,371$763$404$206$103$4
50 years$1,328$729$380$191$93$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,360,000, adding $6,280 every year, while hoping to spend $39,704 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: 82/10/8 Blend
54$1,360,000$1,360,000$1,360,000$1,360,000
55$1,505,198$1,433,118$1,412,038$1,626,647
56$1,616,483$1,461,096$1,417,096$1,735,007
57$1,737,789$1,489,114$1,420,994$1,848,006
58$1,870,095$1,517,133$1,423,649$1,970,848
59$2,014,481$1,545,108$1,424,977$2,104,494
60$2,172,134$1,572,994$1,424,889$2,250,007
61$2,344,361$1,600,740$1,423,292$2,408,554
62$2,532,601$1,628,291$1,420,088$2,581,422
63$2,738,438$1,655,590$1,415,173$2,770,028
64$2,963,618$1,682,573$1,408,440$2,975,934
65$3,210,061$1,709,172$1,399,777$3,200,859
66$3,479,881$1,735,316$1,389,063$3,446,697
67$3,775,409$1,760,926$1,376,177$3,715,534
68$4,099,208$1,785,920$1,360,987$4,009,669
69$4,454,105$1,810,207$1,343,357$4,331,634
70$4,843,210$1,833,693$1,323,146$4,684,219
71$5,269,949$1,856,276$1,300,203$5,070,497
72$5,738,096$1,877,846$1,274,372$5,493,854
73$6,251,809$1,898,287$1,245,490$5,958,021
74$6,815,665$1,917,476$1,213,387$6,467,109
75$7,434,710$1,935,279$1,177,882$7,025,646
76$8,114,499$1,951,556$1,138,789$7,638,624
77$8,861,151$1,966,155$1,095,912$8,311,541
78$9,681,410$1,978,918$1,049,046$9,050,457
79$10,582,702$1,989,674$997,978$9,862,047
80$11,573,210$1,998,241$942,483$10,753,668
81$12,661,950$2,004,426$882,328$11,733,427
82$13,858,851$2,008,025$817,268$12,810,256
83$15,174,855$2,008,820$747,048$13,994,000
84$16,622,018$2,006,580$671,402$15,295,505
85$18,213,620$2,001,058$590,050$16,726,724
86$19,964,294$1,991,995$502,702$18,300,830
87$21,890,163$1,979,114$409,053$20,032,336
88$24,008,991$1,962,121$308,787$21,937,238
89$26,340,348$1,940,706$201,572$24,033,162
90$28,905,801$1,914,538$87,062$26,339,533
91$31,729,111$1,883,268$0$28,877,756
92$34,836,458$1,846,526$0$31,674,419
93$38,256,690$1,803,919$0$34,760,643
94$42,021,593$1,755,032$0$38,157,668
95$46,166,193$1,699,426$0$41,897,097
96$50,729,081$1,636,634$0$46,013,757
97$55,752,782$1,566,164$0$50,546,021
98$61,284,155$1,487,496$0$55,536,180
99$67,374,833$1,400,077$0$61,030,831
100$74,081,711$1,303,325$0$67,081,328