Can I retire at age 55 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$113,959$112,944$111,954$110,987$110,043$105,677
2 years$56,415$55,365$54,346$53,359$52,401$48,057
3 years$37,237$36,181$35,166$34,188$33,246$29,059
4 years$27,649$26,597$25,592$24,630$23,711$19,715
5 years$21,898$20,853$19,860$18,918$18,025$14,229
6 years$18,065$17,028$16,050$15,129$14,262$10,669
7 years$15,329$14,300$13,338$12,439$11,599$8,207
8 years$13,277$12,258$11,311$10,434$9,623$6,429
9 years$11,683$10,672$9,742$8,888$8,104$5,103
10 years$10,407$9,407$8,494$7,661$6,905$4,091
11 years$9,365$8,375$7,478$6,668$5,938$3,305
12 years$8,497$7,517$6,636$5,848$5,146$2,687
13 years$7,763$6,793$5,929$5,163$4,487$2,194
14 years$7,134$6,175$5,327$4,583$3,934$1,799
15 years$6,590$5,641$4,810$4,088$3,463$1,479
16 years$6,114$5,175$4,361$3,660$3,061$1,220
17 years$5,695$4,766$3,968$3,288$2,714$1,007
18 years$5,322$4,404$3,622$2,964$2,413$834
19 years$4,989$4,082$3,316$2,678$2,151$691
20 years$4,690$3,793$3,043$2,425$1,921$573
21 years$4,420$3,533$2,799$2,201$1,719$476
22 years$4,174$3,298$2,580$2,001$1,541$395
23 years$3,951$3,084$2,382$1,823$1,383$329
24 years$3,746$2,890$2,203$1,662$1,243$273
25 years$3,558$2,712$2,041$1,518$1,119$228
26 years$3,384$2,549$1,893$1,388$1,008$189
27 years$3,224$2,399$1,757$1,271$909$158
28 years$3,076$2,260$1,634$1,164$820$131
29 years$2,938$2,132$1,520$1,068$740$109
30 years$2,809$2,014$1,416$980$669$91
31 years$2,689$1,904$1,320$900$605$76
32 years$2,577$1,801$1,232$827$547$63
33 years$2,471$1,706$1,150$760$495$53
34 years$2,372$1,617$1,075$700$448$44
35 years$2,279$1,533$1,005$644$406$37
36 years$2,192$1,455$940$593$368$31
37 years$2,109$1,382$880$547$333$26
38 years$2,031$1,314$824$504$302$21
39 years$1,957$1,249$772$464$274$18
40 years$1,887$1,189$723$428$249$15
41 years$1,820$1,131$678$395$226$12
42 years$1,757$1,078$636$365$205$10
43 years$1,697$1,027$597$337$186$9
44 years$1,640$979$560$311$169$7
45 years$1,585$933$526$287$153$6
46 years$1,533$890$494$265$139$5
47 years$1,484$850$464$245$126$4
48 years$1,436$811$436$226$115$3
49 years$1,391$774$410$209$104$3
50 years$1,347$740$386$193$95$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,380,000, adding $6,542 every year, while hoping to spend $21,866 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: 66/7/27 Blend
54$1,380,000$1,380,000$1,380,000$1,380,000
55$1,527,508$1,454,368$1,432,978$1,617,108
56$1,660,049$1,502,367$1,457,718$1,726,331
57$1,805,375$1,551,985$1,482,553$1,842,662
58$1,964,770$1,603,278$1,507,464$1,969,371
59$2,139,642$1,656,305$1,532,431$2,107,482
60$2,331,548$1,711,126$1,557,429$2,258,124
61$2,542,198$1,767,803$1,582,435$2,422,540
62$2,773,479$1,826,402$1,607,423$2,602,099
63$3,027,467$1,886,989$1,632,366$2,798,309
64$3,306,452$1,949,635$1,657,233$3,012,832
65$3,612,954$2,014,411$1,681,994$3,247,498
66$3,949,750$2,081,392$1,706,616$3,504,323
67$4,319,901$2,150,656$1,731,064$3,785,529
68$4,726,776$2,222,283$1,755,299$4,093,562
69$5,174,088$2,296,357$1,779,283$4,431,118
70$5,665,930$2,372,963$1,802,974$4,801,168
71$6,206,809$2,452,192$1,826,327$5,206,984
72$6,801,690$2,534,136$1,849,296$5,652,173
73$7,456,045$2,618,891$1,871,830$6,140,706
74$8,175,903$2,706,558$1,893,878$6,676,962
75$8,967,905$2,797,240$1,915,383$7,265,763
76$9,839,371$2,891,044$1,936,288$7,912,424
77$10,798,364$2,988,082$1,956,530$8,622,802
78$11,853,768$3,088,469$1,976,045$9,403,347
79$13,015,373$3,192,325$1,994,764$10,261,171
80$14,293,967$3,299,775$2,012,614$11,204,108
81$15,701,435$3,410,947$2,029,520$12,240,792
82$17,250,873$3,525,975$2,045,400$13,380,734
83$18,956,712$3,644,998$2,060,171$14,634,417
84$20,834,853$3,768,160$2,073,744$16,013,393
85$22,902,819$3,895,610$2,086,025$17,530,391
86$25,179,916$4,027,504$2,096,916$19,199,437
87$27,687,418$4,164,003$2,106,313$21,035,987
88$30,448,769$4,305,273$2,114,109$23,057,075
89$33,489,800$4,451,488$2,120,189$25,281,469
90$36,838,978$4,602,829$2,124,433$27,729,852
91$40,527,667$4,759,482$2,126,715$30,425,018
92$44,590,434$4,921,640$2,126,904$33,392,082
93$49,065,364$5,089,507$2,124,861$36,658,723
94$53,994,428$5,263,289$2,120,441$40,255,442
95$59,423,875$5,443,206$2,113,492$44,215,850
96$65,404,669$5,629,482$2,103,853$48,576,985
97$71,992,971$5,822,352$2,091,357$53,379,667
98$79,250,665$6,022,059$2,075,829$58,668,873
99$87,245,949$6,228,855$2,057,085$64,494,172
100$96,053,970$6,443,004$2,034,932$70,910,187