Can I retire at age 55 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$129,649$128,494$127,368$126,268$125,194$120,179
2 years$64,183$62,987$61,829$60,706$59,616$54,627
3 years$42,363$41,163$40,007$38,895$37,823$33,016
4 years$31,456$30,259$29,115$28,021$26,976$22,388
5 years$24,913$23,724$22,595$21,523$20,506$16,150
6 years$20,553$19,372$18,260$17,212$16,226$12,103
7 years$17,439$16,269$15,174$14,151$13,196$9,305
8 years$15,105$13,945$12,869$11,871$10,947$7,284
9 years$13,291$12,142$11,084$10,111$9,219$5,778
10 years$11,840$10,702$9,663$8,716$7,855$4,630
11 years$10,654$9,528$8,507$7,586$6,756$3,738
12 years$9,667$8,552$7,550$6,654$5,854$3,036
13 years$8,831$7,728$6,745$5,874$5,105$2,478
14 years$8,116$7,025$6,061$5,214$4,475$2,030
15 years$7,497$6,417$5,472$4,650$3,940$1,668
16 years$6,956$5,888$4,961$4,164$3,482$1,374
17 years$6,479$5,422$4,515$3,741$3,088$1,135
18 years$6,055$5,010$4,121$3,372$2,746$938
19 years$5,676$4,644$3,773$3,047$2,447$777
20 years$5,336$4,315$3,462$2,759$2,186$644
21 years$5,028$4,019$3,185$2,504$1,956$534
22 years$4,749$3,752$2,935$2,277$1,753$443
23 years$4,495$3,509$2,710$2,074$1,574$368
24 years$4,262$3,288$2,506$1,891$1,415$306
25 years$4,048$3,085$2,321$1,727$1,273$255
26 years$3,850$2,900$2,153$1,579$1,147$212
27 years$3,668$2,729$1,999$1,446$1,034$176
28 years$3,499$2,572$1,859$1,324$933$147
29 years$3,342$2,426$1,730$1,215$842$122
30 years$3,196$2,291$1,611$1,115$761$102
31 years$3,059$2,166$1,502$1,024$688$85
32 years$2,931$2,049$1,401$941$622$71
33 years$2,812$1,941$1,308$865$563$59
34 years$2,699$1,839$1,223$796$510$49
35 years$2,593$1,745$1,143$733$462$41
36 years$2,494$1,656$1,069$675$419$34
37 years$2,399$1,573$1,001$622$379$28
38 years$2,310$1,495$937$573$344$24
39 years$2,226$1,421$878$528$312$20
40 years$2,146$1,352$823$487$283$16
41 years$2,071$1,287$772$450$257$14
42 years$1,999$1,226$724$415$233$11
43 years$1,930$1,168$679$383$211$9
44 years$1,865$1,113$638$354$192$8
45 years$1,803$1,062$599$327$174$7
46 years$1,744$1,013$562$302$158$5
47 years$1,688$967$528$279$144$5
48 years$1,634$923$496$258$130$4
49 years$1,582$881$467$238$118$3
50 years$1,533$842$439$220$108$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,570,000, adding $3,656 every year, while hoping to spend $40,148 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: 39/33/28 Blend
54$1,570,000$1,570,000$1,570,000$1,570,000
55$1,733,911$1,650,701$1,626,366$1,787,015
56$1,868,053$1,688,868$1,638,132$1,864,321
57$2,014,532$1,727,560$1,648,947$1,943,886
58$2,174,563$1,766,760$1,658,736$2,029,157
59$2,349,486$1,806,449$1,667,421$2,120,682
60$2,540,774$1,846,605$1,674,921$2,219,061
61$2,750,051$1,887,207$1,681,148$2,324,961
62$2,979,102$1,928,226$1,686,012$2,439,112
63$3,229,896$1,969,634$1,689,419$2,562,325
64$3,504,599$2,011,400$1,691,268$2,695,489
65$3,805,597$2,053,487$1,691,455$2,839,588
66$4,135,518$2,095,859$1,689,869$2,995,706
67$4,497,256$2,138,471$1,686,395$3,165,039
68$4,893,999$2,181,279$1,680,911$3,348,907
69$5,329,257$2,224,232$1,673,292$3,548,764
70$5,806,898$2,267,275$1,663,404$3,766,215
71$6,331,181$2,310,351$1,651,108$4,003,031
72$6,906,798$2,353,395$1,636,256$4,261,162
73$7,538,918$2,396,338$1,618,697$4,542,763
74$8,233,235$2,439,105$1,598,271$4,850,209
75$8,996,020$2,481,617$1,574,808$5,186,119
76$9,834,183$2,523,786$1,548,133$5,553,382
77$10,755,337$2,565,519$1,518,063$5,955,184
78$11,767,868$2,606,716$1,484,405$6,395,040
79$12,881,015$2,647,269$1,446,957$6,876,824
80$14,104,957$2,687,064$1,405,509$7,404,810
81$15,450,909$2,725,976$1,359,839$7,983,713
82$16,931,226$2,763,873$1,309,718$8,618,729
83$18,559,521$2,800,613$1,254,904$9,315,591
84$20,350,794$2,836,044$1,195,145$10,080,619
85$22,321,570$2,870,006$1,130,177$10,920,785
86$24,490,057$2,902,323$1,059,725$11,843,773
87$26,876,319$2,932,812$983,501$12,858,061
88$29,502,459$2,961,276$901,205$13,972,992
89$32,392,836$2,987,505$812,521$15,198,871
90$35,574,287$3,011,274$717,122$16,547,061
91$39,076,383$3,032,345$614,665$18,030,090
92$42,931,709$3,050,465$504,791$19,661,769
93$47,176,168$3,065,363$387,126$21,457,329
94$51,849,324$3,076,752$261,281$23,433,560
95$56,994,768$3,084,326$126,847$25,608,974
96$62,660,537$3,087,761$0$28,003,981
97$68,899,563$3,086,712$0$30,646,047
98$75,770,170$3,080,812$0$33,595,779
99$83,336,628$3,069,674$0$36,842,727
100$91,669,760$3,052,883$0$40,417,184