Can I retire at age 55 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$125,520$124,402$123,311$122,247$121,207$119,991
2 years$62,139$60,981$59,860$58,772$57,718$56,493
3 years$41,014$39,852$38,733$37,656$36,618$35,423
4 years$30,454$29,295$28,188$27,129$26,117$24,960
5 years$24,120$22,968$21,875$20,838$19,853$18,738
6 years$19,898$18,755$17,678$16,664$15,709$14,637
7 years$16,884$15,751$14,691$13,700$12,776$11,748
8 years$14,624$13,501$12,459$11,493$10,599$9,614
9 years$12,868$11,755$10,731$9,789$8,926$7,984
10 years$11,463$10,362$9,355$8,439$7,605$6,707
11 years$10,315$9,224$8,236$7,344$6,541$5,684
12 years$9,359$8,279$7,310$6,442$5,668$4,852
13 years$8,550$7,482$6,531$5,687$4,943$4,167
14 years$7,858$6,801$5,868$5,048$4,333$3,596
15 years$7,258$6,213$5,298$4,502$3,815$3,116
16 years$6,734$5,700$4,803$4,031$3,372$2,710
17 years$6,272$5,250$4,371$3,622$2,989$2,364
18 years$5,862$4,851$3,990$3,264$2,658$2,067
19 years$5,495$4,496$3,653$2,950$2,369$1,811
20 years$5,166$4,178$3,352$2,671$2,116$1,590
21 years$4,868$3,891$3,083$2,424$1,894$1,398
22 years$4,598$3,632$2,842$2,204$1,698$1,231
23 years$4,352$3,397$2,624$2,008$1,524$1,085
24 years$4,126$3,183$2,427$1,831$1,370$958
25 years$3,919$2,987$2,248$1,672$1,232$846
26 years$3,728$2,807$2,084$1,529$1,110$748
27 years$3,551$2,642$1,936$1,399$1,001$662
28 years$3,388$2,490$1,799$1,282$903$586
29 years$3,236$2,349$1,675$1,176$815$519
30 years$3,094$2,218$1,560$1,079$737$460
31 years$2,962$2,097$1,454$991$666$408
32 years$2,838$1,984$1,357$911$603$362
33 years$2,722$1,879$1,267$838$545$321
34 years$2,613$1,781$1,184$771$494$285
35 years$2,511$1,689$1,107$709$447$253
36 years$2,414$1,603$1,035$653$405$225
37 years$2,323$1,523$969$602$367$200
38 years$2,237$1,447$907$555$333$177
39 years$2,155$1,376$850$512$302$157
40 years$2,078$1,309$797$472$274$140
41 years$2,005$1,246$747$435$248$124
42 years$1,935$1,187$701$402$225$111
43 years$1,869$1,131$658$371$205$98
44 years$1,806$1,078$617$342$186$87
45 years$1,746$1,028$580$316$169$78
46 years$1,689$981$544$292$153$69
47 years$1,634$936$511$270$139$61
48 years$1,582$893$481$249$126$55
49 years$1,532$853$452$231$115$49
50 years$1,484$815$425$213$104$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,520,000, adding $4,359 every year, while hoping to spend $38,955 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: 31/42/27 Blend
54$1,520,000$1,520,000$1,520,000$1,520,000
55$1,679,536$1,598,976$1,575,416$1,717,577
56$1,809,401$1,635,878$1,586,745$1,784,175
57$1,951,207$1,673,283$1,597,147$1,852,081
58$2,106,130$1,711,174$1,606,552$1,924,406
59$2,275,466$1,749,532$1,614,882$2,001,564
60$2,460,641$1,788,337$1,622,058$2,084,010
61$2,663,226$1,827,565$1,627,997$2,172,248
62$2,884,950$1,867,191$1,632,610$2,266,833
63$3,127,717$1,907,186$1,635,805$2,368,376
64$3,393,625$1,947,518$1,637,485$2,477,553
65$3,684,982$1,988,153$1,637,547$2,595,109
66$4,004,331$2,029,054$1,635,886$2,721,867
67$4,354,473$2,070,178$1,632,389$2,858,735
68$4,738,494$2,111,481$1,626,939$3,006,713
69$5,159,790$2,152,914$1,619,411$3,166,906
70$5,622,105$2,194,423$1,609,677$3,340,533
71$6,129,560$2,235,950$1,597,602$3,528,940
72$6,686,697$2,277,433$1,583,043$3,733,611
73$7,298,517$2,318,805$1,565,852$3,956,182
74$7,970,531$2,359,991$1,545,874$4,198,462
75$8,708,809$2,400,914$1,522,944$4,462,444
76$9,520,037$2,441,489$1,496,892$4,750,327
77$10,411,583$2,481,624$1,467,540$5,064,537
78$11,391,562$2,521,221$1,434,701$5,407,753
79$12,468,916$2,560,176$1,398,178$5,782,929
80$13,653,496$2,598,375$1,357,767$6,193,321
81$14,956,155$2,635,697$1,313,255$6,642,526
82$16,388,850$2,672,014$1,264,416$7,134,509
83$17,964,756$2,707,185$1,211,017$7,673,644
84$19,698,387$2,741,064$1,152,812$8,264,757
85$21,605,738$2,773,491$1,089,547$8,913,169
86$23,704,429$2,804,298$1,020,952$9,624,753
87$26,013,876$2,833,304$946,750$10,405,983
88$28,555,472$2,860,317$866,646$11,264,000
89$31,352,789$2,885,130$780,337$12,206,684
90$34,431,798$2,907,527$687,504$13,242,720
91$37,821,119$2,927,273$587,812$14,381,691
92$41,552,284$2,944,121$480,916$15,634,162
93$45,660,041$2,957,807$366,450$17,011,787
94$50,182,677$2,968,050$244,037$18,527,416
95$55,162,378$2,974,553$113,281$20,195,219
96$60,645,632$2,976,998$0$22,030,823
97$66,683,664$2,975,048$0$24,059,024
98$73,332,919$2,968,347$0$26,326,576
99$80,655,595$2,956,514$0$28,821,889
100$88,720,229$2,939,147$0$31,568,199