Can I retire at age 55 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$128,823$127,676$126,556$125,464$124,397$122,791
2 years$63,774$62,586$61,435$60,319$59,236$57,621
3 years$42,094$40,901$39,753$38,647$37,582$36,007
4 years$31,256$30,066$28,930$27,843$26,804$25,282
5 years$24,754$23,572$22,451$21,386$20,376$18,911
6 years$20,422$19,249$18,143$17,103$16,123$14,717
7 years$17,328$16,165$15,077$14,061$13,112$11,765
8 years$15,009$13,856$12,787$11,795$10,878$9,590
9 years$13,206$12,064$11,013$10,047$9,161$7,932
10 years$11,765$10,634$9,602$8,661$7,805$6,634
11 years$10,586$9,467$8,453$7,537$6,713$5,598
12 years$9,605$8,497$7,502$6,611$5,817$4,758
13 years$8,775$7,679$6,702$5,837$5,073$4,068
14 years$8,065$6,980$6,022$5,181$4,447$3,494
15 years$7,449$6,376$5,437$4,621$3,915$3,014
16 years$6,911$5,850$4,930$4,137$3,460$2,608
17 years$6,437$5,388$4,486$3,717$3,068$2,263
18 years$6,016$4,979$4,095$3,350$2,728$1,969
19 years$5,640$4,614$3,749$3,027$2,432$1,717
20 years$5,302$4,288$3,440$2,742$2,172$1,499
21 years$4,996$3,994$3,164$2,488$1,944$1,311
22 years$4,719$3,728$2,917$2,262$1,742$1,149
23 years$4,466$3,487$2,693$2,060$1,564$1,007
24 years$4,235$3,267$2,491$1,879$1,406$884
25 years$4,022$3,066$2,307$1,716$1,265$777
26 years$3,826$2,881$2,139$1,569$1,139$683
27 years$3,645$2,712$1,987$1,436$1,027$601
28 years$3,477$2,555$1,847$1,316$927$529
29 years$3,321$2,411$1,719$1,207$837$466
30 years$3,175$2,276$1,601$1,108$756$411
31 years$3,040$2,152$1,492$1,017$684$362
32 years$2,913$2,036$1,392$935$618$319
33 years$2,794$1,928$1,300$860$560$282
34 years$2,682$1,828$1,215$791$507$249
35 years$2,577$1,733$1,136$728$459$219
36 years$2,478$1,645$1,062$671$416$194
37 years$2,384$1,563$994$618$377$171
38 years$2,296$1,485$931$569$342$151
39 years$2,212$1,412$872$525$310$133
40 years$2,133$1,344$818$484$281$118
41 years$2,058$1,279$767$447$255$104
42 years$1,986$1,218$719$412$231$92
43 years$1,918$1,161$675$381$210$81
44 years$1,854$1,106$634$351$191$72
45 years$1,792$1,055$595$325$173$63
46 years$1,733$1,006$559$300$157$56
47 years$1,677$960$525$277$143$50
48 years$1,623$917$493$256$130$44
49 years$1,572$875$464$237$118$39
50 years$1,523$836$436$219$107$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,560,000, adding $4,784 every year, while hoping to spend $25,360 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: 52/27/21 Blend
54$1,560,000$1,560,000$1,560,000$1,560,000
55$1,724,055$1,641,375$1,617,195$1,803,465
56$1,872,925$1,694,819$1,644,388$1,912,153
57$2,036,131$1,750,033$1,671,642$2,027,291
58$2,215,107$1,807,075$1,698,933$2,151,995
59$2,411,434$1,866,007$1,726,233$2,287,181
60$2,626,853$1,926,895$1,753,515$2,433,860
61$2,863,283$1,989,804$1,780,749$2,593,143
62$3,122,837$2,054,803$1,807,902$2,766,253
63$3,407,841$2,121,963$1,834,942$2,954,537
64$3,720,859$2,191,358$1,861,831$3,159,477
65$4,064,717$2,263,064$1,888,532$3,382,705
66$4,442,523$2,337,160$1,915,003$3,626,017
67$4,857,707$2,413,727$1,941,203$3,891,392
68$5,314,045$2,492,851$1,967,084$4,181,006
69$5,815,695$2,574,619$1,992,599$4,497,259
70$6,367,242$2,659,121$2,017,698$4,842,792
71$6,973,735$2,746,452$2,042,324$5,220,512
72$7,640,736$2,836,708$2,066,423$5,633,623
73$8,374,376$2,929,991$2,089,932$6,085,653
74$9,181,406$3,026,405$2,112,789$6,580,488
75$10,069,269$3,126,058$2,134,927$7,122,407
76$11,046,161$3,229,062$2,156,273$7,716,124
77$12,121,116$3,335,532$2,176,755$8,366,833
78$13,304,085$3,445,589$2,196,292$9,080,253
79$14,606,037$3,559,357$2,214,802$9,862,686
80$16,039,052$3,676,966$2,232,198$10,721,074
81$17,616,446$3,798,548$2,248,387$11,663,065
82$19,352,889$3,924,242$2,263,273$12,697,082
83$21,264,545$4,054,191$2,276,755$13,832,408
84$23,369,226$4,188,544$2,288,724$15,079,270
85$25,686,560$4,327,455$2,299,068$16,448,932
86$28,238,172$4,471,083$2,307,670$17,953,807
87$31,047,893$4,619,594$2,314,404$19,607,572
88$34,141,983$4,773,159$2,319,142$21,425,295
89$37,549,377$4,931,955$2,321,745$23,423,577
90$41,301,959$5,096,167$2,322,069$25,620,710
91$45,434,866$5,265,986$2,319,965$28,036,851
92$49,986,812$5,441,609$2,315,274$30,694,206
93$55,000,461$5,623,242$2,307,830$33,617,246
94$60,522,824$5,811,098$2,297,459$36,832,933
95$66,605,707$6,005,396$2,283,978$40,370,976
96$73,306,194$6,206,365$2,267,196$44,264,110
97$80,687,192$6,414,244$2,246,914$48,548,408
98$88,818,021$6,629,277$2,222,921$53,263,617
99$97,775,068$6,851,720$2,194,997$58,453,534
100$107,642,508$7,081,837$2,162,912$64,166,421