Can I retire at age 55 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$124,694$123,584$122,500$121,442$120,410$115,815
2 years$61,730$60,580$59,466$58,386$57,338$52,763
3 years$40,744$39,590$38,478$37,408$36,377$31,966
4 years$30,254$29,103$28,002$26,951$25,945$21,731
5 years$23,961$22,817$21,731$20,701$19,723$15,717
6 years$19,767$18,632$17,562$16,554$15,606$11,811
7 years$16,773$15,647$14,594$13,610$12,692$9,107
8 years$14,528$13,412$12,377$11,417$10,529$7,150
9 years$12,783$11,678$10,660$9,725$8,867$5,689
10 years$11,388$10,293$9,294$8,383$7,555$4,573
11 years$10,247$9,164$8,182$7,296$6,498$3,704
12 years$9,297$8,225$7,261$6,399$5,631$3,019
13 years$8,494$7,433$6,488$5,650$4,910$2,473
14 years$7,806$6,756$5,829$5,015$4,304$2,033
15 years$7,211$6,172$5,263$4,473$3,790$1,676
16 years$6,690$5,663$4,772$4,005$3,349$1,386
17 years$6,231$5,215$4,342$3,598$2,970$1,148
18 years$5,823$4,819$3,964$3,243$2,641$953
19 years$5,459$4,466$3,629$2,930$2,354$792
20 years$5,132$4,150$3,330$2,654$2,102$659
21 years$4,836$3,866$3,063$2,408$1,881$549
22 years$4,568$3,608$2,823$2,190$1,686$458
23 years$4,323$3,375$2,607$1,994$1,514$382
24 years$4,099$3,162$2,411$1,819$1,361$318
25 years$3,893$2,967$2,233$1,661$1,224$266
26 years$3,703$2,789$2,071$1,519$1,103$222
27 years$3,528$2,625$1,923$1,390$994$186
28 years$3,365$2,473$1,788$1,274$897$155
29 years$3,214$2,333$1,664$1,168$810$130
30 years$3,074$2,204$1,549$1,072$732$108
31 years$2,942$2,083$1,445$985$662$91
32 years$2,819$1,971$1,348$905$599$76
33 years$2,704$1,867$1,258$832$542$63
34 years$2,596$1,769$1,176$766$491$53
35 years$2,494$1,678$1,099$705$444$44
36 years$2,398$1,593$1,028$649$403$37
37 years$2,308$1,513$963$598$365$31
38 years$2,222$1,438$901$551$331$26
39 years$2,141$1,367$844$508$300$22
40 years$2,064$1,301$792$469$272$18
41 years$1,992$1,238$742$433$247$15
42 years$1,922$1,179$696$399$224$13
43 years$1,857$1,123$653$368$203$11
44 years$1,794$1,071$613$340$184$9
45 years$1,734$1,021$576$314$167$7
46 years$1,678$974$541$290$152$6
47 years$1,623$930$508$268$138$5
48 years$1,571$887$477$248$125$4
49 years$1,522$847$449$229$114$4
50 years$1,474$809$422$212$103$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,510,000, adding $3,804 every year, while hoping to spend $44,599 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: 31/50/19 Blend
54$1,510,000$1,510,000$1,510,000$1,510,000
55$1,667,944$1,587,914$1,564,509$1,709,633
56$1,790,621$1,618,269$1,569,467$1,771,647
57$1,924,317$1,648,616$1,573,096$1,834,044
58$2,070,107$1,678,909$1,575,305$1,900,267
59$2,229,178$1,709,095$1,575,998$1,970,677
60$2,402,834$1,739,120$1,575,073$2,045,671
61$2,592,510$1,768,924$1,572,426$2,125,686
62$2,799,788$1,798,443$1,567,944$2,211,208
63$3,026,408$1,827,608$1,561,511$2,302,772
64$3,274,285$1,856,345$1,553,006$2,400,970
65$3,545,531$1,884,574$1,542,300$2,506,457
66$3,842,467$1,912,211$1,529,259$2,619,954
67$4,167,653$1,939,163$1,513,743$2,742,262
68$4,523,905$1,965,334$1,495,605$2,874,260
69$4,914,326$1,990,618$1,474,691$3,016,926
70$5,342,333$2,014,904$1,450,839$3,171,336
71$5,811,689$2,038,072$1,423,880$3,338,680
72$6,326,540$2,059,996$1,393,638$3,520,272
73$6,891,450$2,080,539$1,359,928$3,717,565
74$7,511,448$2,099,556$1,322,556$3,932,163
75$8,192,074$2,116,892$1,281,319$4,165,837
76$8,939,429$2,132,383$1,236,007$4,420,544
77$9,760,234$2,145,854$1,186,397$4,698,446
78$10,661,895$2,157,118$1,132,259$5,001,927
79$11,652,568$2,165,976$1,073,349$5,333,624
80$12,741,240$2,172,218$1,009,416$5,696,446
81$13,937,809$2,175,620$940,194$6,093,606
82$15,253,182$2,175,942$865,407$6,528,651
83$16,699,376$2,172,933$784,768$7,005,495
84$18,289,628$2,166,322$697,973$7,528,462
85$20,038,524$2,155,825$604,709$8,102,323
86$21,962,132$2,141,140$504,646$8,732,345
87$24,078,159$2,121,945$397,441$9,424,339
88$26,406,111$2,097,900$282,734$10,184,723
89$28,967,481$2,068,644$160,153$11,020,575
90$31,785,952$2,033,795$29,306$11,939,708
91$34,887,615$1,992,948$0$12,950,745
92$38,301,223$1,945,673$0$14,085,566
93$42,058,453$1,891,516$0$15,340,095
94$46,194,212$1,829,997$0$16,720,055
95$50,746,961$1,760,606$0$18,238,319
96$55,759,079$1,682,804$0$19,909,082
97$61,277,266$1,596,022$0$21,747,995
98$67,352,976$1,499,656$0$23,772,322
99$74,042,910$1,393,070$0$26,001,096
100$81,409,545$1,275,588$0$28,455,308