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%11.9%
1 years$114,785$113,762$112,765$111,791$110,841$109,958
2 years$56,824$55,766$54,740$53,746$52,781$51,891
3 years$37,507$36,444$35,421$34,435$33,487$32,617
4 years$27,850$26,790$25,777$24,809$23,883$23,041
5 years$22,057$21,004$20,004$19,056$18,155$17,343
6 years$18,196$17,151$16,166$15,239$14,366$13,584
7 years$15,440$14,403$13,434$12,529$11,683$10,932
8 years$13,374$12,346$11,393$10,510$9,692$8,973
9 years$11,767$10,750$9,813$8,952$8,162$7,473
10 years$10,483$9,475$8,555$7,717$6,955$6,296
11 years$9,433$8,435$7,532$6,716$5,981$5,353
12 years$8,558$7,571$6,684$5,891$5,183$4,584
13 years$7,819$6,842$5,972$5,201$4,520$3,949
14 years$7,186$6,219$5,366$4,617$3,962$3,420
15 years$6,637$5,681$4,845$4,117$3,489$2,973
16 years$6,158$5,213$4,392$3,687$3,083$2,594
17 years$5,736$4,801$3,997$3,312$2,734$2,271
18 years$5,361$4,436$3,649$2,985$2,431$1,992
19 years$5,025$4,111$3,340$2,697$2,167$1,752
20 years$4,724$3,820$3,065$2,443$1,935$1,544
21 years$4,452$3,559$2,820$2,217$1,732$1,363
22 years$4,205$3,322$2,599$2,016$1,552$1,204
23 years$3,979$3,107$2,399$1,836$1,393$1,066
24 years$3,773$2,911$2,219$1,674$1,252$944
25 years$3,584$2,732$2,055$1,529$1,127$837
26 years$3,409$2,567$1,906$1,398$1,015$743
27 years$3,248$2,416$1,770$1,280$915$660
28 years$3,098$2,277$1,646$1,173$826$587
29 years$2,959$2,148$1,531$1,075$746$522
30 years$2,829$2,028$1,426$987$674$465
31 years$2,709$1,918$1,330$906$609$414
32 years$2,595$1,814$1,241$833$551$368
33 years$2,489$1,718$1,158$766$499$328
34 years$2,390$1,628$1,082$705$452$293
35 years$2,296$1,545$1,012$649$409$261
36 years$2,208$1,466$947$597$371$233
37 years$2,124$1,392$886$551$336$207
38 years$2,046$1,323$830$507$304$185
39 years$1,971$1,258$777$468$276$165
40 years$1,900$1,197$729$432$250$147
41 years$1,833$1,140$683$398$227$132
42 years$1,770$1,085$641$367$206$117
43 years$1,709$1,034$601$339$187$105
44 years$1,652$986$565$313$170$94
45 years$1,597$940$530$289$154$84
46 years$1,544$897$498$267$140$75
47 years$1,494$856$468$247$127$67
48 years$1,447$817$440$228$115$60
49 years$1,401$780$413$211$105$53
50 years$1,357$745$388$195$95$48

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 $3,817 every year, while hoping to spend $20,303 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: 40/32/28 Blend
54$1,390,000$1,390,000$1,390,000$1,390,000
55$1,535,717$1,462,047$1,440,502$1,584,317
56$1,670,758$1,512,085$1,467,157$1,670,036
57$1,818,893$1,563,895$1,494,024$1,760,544
58$1,981,435$1,617,541$1,521,089$1,858,079
59$2,159,833$1,673,092$1,548,337$1,963,297
60$2,355,681$1,730,618$1,575,751$2,076,919
61$2,570,734$1,790,192$1,603,313$2,199,739
62$2,806,929$1,851,891$1,631,003$2,332,630
63$3,066,395$1,915,794$1,658,802$2,476,553
64$3,351,482$1,981,983$1,686,686$2,632,562
65$3,664,776$2,050,542$1,714,632$2,801,820
66$4,009,126$2,121,561$1,742,615$2,985,606
67$4,387,671$2,195,133$1,770,608$3,185,327
68$4,803,872$2,271,352$1,798,581$3,402,532
69$5,261,537$2,350,319$1,826,504$3,638,924
70$5,764,866$2,432,137$1,854,344$3,896,379
71$6,318,484$2,516,913$1,882,066$4,176,963
72$6,927,488$2,604,760$1,909,634$4,482,949
73$7,597,492$2,695,794$1,937,007$4,816,840
74$8,334,683$2,790,135$1,964,144$5,181,392
75$9,145,880$2,887,910$1,991,002$5,579,638
76$10,038,591$2,989,249$2,017,532$6,014,921
77$11,021,094$3,094,289$2,043,686$6,490,920
78$12,102,506$3,203,171$2,069,410$7,011,686
79$13,292,877$3,316,041$2,094,650$7,581,682
80$14,603,277$3,433,053$2,119,348$8,205,823
81$16,045,905$3,554,367$2,143,440$8,889,523
82$17,634,204$3,680,147$2,166,861$9,638,742
83$19,382,985$3,810,566$2,189,543$10,460,048
84$21,308,569$3,945,804$2,211,413$11,360,674
85$23,428,942$4,086,047$2,232,394$12,348,589
86$25,763,920$4,231,489$2,252,405$13,432,571
87$28,335,340$4,382,333$2,271,361$14,622,287
88$31,167,265$4,538,788$2,289,172$15,928,390
89$34,286,211$4,701,074$2,305,745$17,362,614
90$37,721,396$4,869,417$2,320,978$18,937,886
91$41,505,017$5,044,057$2,334,769$20,668,448
92$45,672,552$5,225,239$2,347,007$22,569,991
93$50,263,097$5,413,221$2,357,577$24,659,801
94$55,319,734$5,608,270$2,366,357$26,956,922
95$60,889,937$5,810,665$2,373,220$29,482,339
96$67,026,020$6,020,696$2,378,032$32,259,171
97$73,785,630$6,238,667$2,380,652$35,312,889
98$81,232,294$6,464,891$2,380,933$38,671,558
99$89,436,014$6,699,697$2,378,721$42,366,102
100$98,473,931$6,943,426$2,373,852$46,430,592