Can I retire at age 55 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$114,785$113,762$112,765$111,791$110,841$108,558
2 years$56,824$55,766$54,740$53,746$52,781$50,492
3 years$37,507$36,444$35,421$34,435$33,487$31,262
4 years$27,850$26,790$25,777$24,809$23,883$21,740
5 years$22,057$21,004$20,004$19,056$18,155$16,101
6 years$18,196$17,151$16,166$15,239$14,366$12,401
7 years$15,440$14,403$13,434$12,529$11,683$9,809
8 years$13,374$12,346$11,393$10,510$9,692$7,908
9 years$11,767$10,750$9,813$8,952$8,162$6,467
10 years$10,483$9,475$8,555$7,717$6,955$5,347
11 years$9,433$8,435$7,532$6,716$5,981$4,458
12 years$8,558$7,571$6,684$5,891$5,183$3,743
13 years$7,819$6,842$5,972$5,201$4,520$3,160
14 years$7,186$6,219$5,366$4,617$3,962$2,680
15 years$6,637$5,681$4,845$4,117$3,489$2,282
16 years$6,158$5,213$4,392$3,687$3,083$1,948
17 years$5,736$4,801$3,997$3,312$2,734$1,668
18 years$5,361$4,436$3,649$2,985$2,431$1,431
19 years$5,025$4,111$3,340$2,697$2,167$1,231
20 years$4,724$3,820$3,065$2,443$1,935$1,060
21 years$4,452$3,559$2,820$2,217$1,732$914
22 years$4,205$3,322$2,599$2,016$1,552$789
23 years$3,979$3,107$2,399$1,836$1,393$682
24 years$3,773$2,911$2,219$1,674$1,252$589
25 years$3,584$2,732$2,055$1,529$1,127$510
26 years$3,409$2,567$1,906$1,398$1,015$442
27 years$3,248$2,416$1,770$1,280$915$383
28 years$3,098$2,277$1,646$1,173$826$332
29 years$2,959$2,148$1,531$1,075$746$288
30 years$2,829$2,028$1,426$987$674$250
31 years$2,709$1,918$1,330$906$609$217
32 years$2,595$1,814$1,241$833$551$188
33 years$2,489$1,718$1,158$766$499$163
34 years$2,390$1,628$1,082$705$452$142
35 years$2,296$1,545$1,012$649$409$123
36 years$2,208$1,466$947$597$371$107
37 years$2,124$1,392$886$551$336$93
38 years$2,046$1,323$830$507$304$81
39 years$1,971$1,258$777$468$276$70
40 years$1,900$1,197$729$432$250$61
41 years$1,833$1,140$683$398$227$53
42 years$1,770$1,085$641$367$206$46
43 years$1,709$1,034$601$339$187$40
44 years$1,652$986$565$313$170$35
45 years$1,597$940$530$289$154$30
46 years$1,544$897$498$267$140$26
47 years$1,494$856$468$247$127$23
48 years$1,447$817$440$228$115$20
49 years$1,401$780$413$211$105$17
50 years$1,357$745$388$195$95$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,390,000, adding $6,306 every year, while hoping to spend $43,343 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: 43/46/11 Blend
54$1,390,000$1,390,000$1,390,000$1,390,000
55$1,538,285$1,464,615$1,443,070$1,599,266
56$1,649,073$1,490,264$1,445,296$1,668,082
57$1,769,709$1,515,718$1,446,144$1,737,728
58$1,901,152$1,540,920$1,445,522$1,812,209
59$2,044,456$1,565,812$1,443,334$1,891,985
60$2,200,783$1,590,329$1,439,478$1,977,566
61$2,371,410$1,614,403$1,433,848$2,069,512
62$2,557,746$1,637,960$1,426,333$2,168,441
63$2,761,337$1,660,922$1,416,817$2,275,035
64$2,983,891$1,683,204$1,405,177$2,390,049
65$3,227,282$1,704,716$1,391,286$2,514,315
66$3,493,580$1,725,362$1,375,008$2,648,749
67$3,785,059$1,745,038$1,356,205$2,794,365
68$4,104,225$1,763,635$1,334,728$2,952,281
69$4,453,839$1,781,036$1,310,424$3,123,730
70$4,836,939$1,797,116$1,283,132$3,310,075
71$5,256,873$1,811,741$1,252,684$3,512,817
72$5,717,327$1,824,769$1,218,901$3,733,616
73$6,222,362$1,836,050$1,181,602$3,974,302
74$6,776,449$1,845,422$1,140,591$4,236,894
75$7,384,513$1,852,715$1,095,668$4,523,622
76$8,051,982$1,857,746$1,046,621$4,836,944
77$8,784,832$1,860,323$993,230$5,179,575
78$9,589,646$1,860,240$935,265$5,554,510
79$10,473,676$1,857,278$872,483$5,965,052
80$11,444,914$1,851,207$804,634$6,414,847
81$12,512,159$1,841,781$731,453$6,907,918
82$13,685,110$1,828,739$652,667$7,448,703
83$14,974,448$1,811,803$567,988$8,042,098
84$16,391,942$1,790,682$477,116$8,693,504
85$17,950,558$1,765,064$379,738$9,408,881
86$19,664,583$1,734,620$275,527$10,194,801
87$21,549,755$1,699,001$164,142$11,058,516
88$23,623,415$1,657,837$45,225$12,008,025
89$25,904,669$1,610,737$0$13,052,150
90$28,414,569$1,557,286$0$14,210,209
91$31,176,308$1,497,047$0$15,489,637
92$34,215,444$1,429,554$0$16,897,006
93$37,560,135$1,354,318$0$18,445,424
94$41,241,408$1,270,819$0$20,149,340
95$45,293,450$1,178,507$0$22,024,691
96$49,753,931$1,076,803$0$24,089,046
97$54,664,358$965,093$0$26,361,778
98$60,070,468$842,728$0$28,864,245
99$66,022,657$709,023$0$31,619,999
100$72,576,458$563,255$0$34,655,003