Can I retire at age 55 with 1,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$115,611$114,581$113,576$112,596$111,638$107,720
2 years$57,233$56,167$55,134$54,132$53,161$49,255
3 years$37,776$36,706$35,675$34,683$33,727$29,956
4 years$28,050$26,983$25,963$24,987$24,055$20,446
5 years$22,216$21,155$20,148$19,193$18,286$14,851
6 years$18,327$17,274$16,283$15,349$14,469$11,209
7 years$15,551$14,507$13,531$12,619$11,767$8,682
8 years$13,470$12,435$11,475$10,586$9,762$6,849
9 years$11,852$10,827$9,884$9,017$8,221$5,477
10 years$10,558$9,544$8,617$7,772$7,005$4,425
11 years$9,501$8,496$7,586$6,764$6,024$3,603
12 years$8,620$7,626$6,732$5,933$5,221$2,952
13 years$7,875$6,891$6,015$5,238$4,552$2,431
14 years$7,237$6,264$5,405$4,650$3,991$2,010
15 years$6,685$5,722$4,880$4,147$3,514$1,667
16 years$6,203$5,250$4,424$3,713$3,105$1,386
17 years$5,777$4,835$4,026$3,336$2,753$1,155
18 years$5,399$4,468$3,675$3,007$2,448$965
19 years$5,062$4,141$3,364$2,717$2,182$807
20 years$4,758$3,848$3,088$2,460$1,949$675
21 years$4,484$3,584$2,840$2,233$1,744$566
22 years$4,235$3,346$2,617$2,030$1,563$475
23 years$4,008$3,129$2,417$1,849$1,403$398
24 years$3,800$2,932$2,235$1,686$1,261$335
25 years$3,609$2,751$2,070$1,540$1,135$281
26 years$3,434$2,586$1,920$1,408$1,022$236
27 years$3,271$2,434$1,783$1,289$922$199
28 years$3,120$2,293$1,657$1,181$832$167
29 years$2,980$2,163$1,542$1,083$751$141
30 years$2,850$2,043$1,437$994$679$118
31 years$2,728$1,931$1,339$913$614$100
32 years$2,614$1,827$1,250$839$555$84
33 years$2,507$1,731$1,167$771$502$71
34 years$2,407$1,640$1,090$710$455$59
35 years$2,312$1,556$1,019$653$412$50
36 years$2,224$1,477$953$602$373$42
37 years$2,140$1,402$892$554$338$35
38 years$2,060$1,333$836$511$307$30
39 years$1,985$1,267$783$471$278$25
40 years$1,914$1,206$734$435$252$21
41 years$1,847$1,148$688$401$229$18
42 years$1,782$1,093$646$370$208$15
43 years$1,721$1,042$606$342$188$13
44 years$1,663$993$569$315$171$11
45 years$1,608$947$534$291$155$9
46 years$1,555$903$501$269$141$8
47 years$1,505$862$471$249$128$6
48 years$1,457$823$443$230$116$5
49 years$1,411$786$416$212$106$5
50 years$1,367$751$391$196$96$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,400,000, adding $2,113 every year, while hoping to spend $44,277 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: 84/11/5 Blend
54$1,400,000$1,400,000$1,400,000$1,400,000
55$1,544,980$1,470,780$1,449,080$1,674,549
56$1,655,457$1,495,737$1,450,513$1,784,341
57$1,775,719$1,520,434$1,450,511$1,898,653
58$1,906,718$1,544,810$1,448,978$2,022,791
59$2,049,499$1,568,802$1,445,815$2,157,712
60$2,205,215$1,592,341$1,440,917$2,304,469
61$2,375,134$1,615,353$1,434,175$2,464,223
62$2,560,652$1,637,759$1,425,474$2,638,250
63$2,763,306$1,659,476$1,414,695$2,827,957
64$2,984,786$1,680,414$1,401,710$3,034,893
65$3,226,956$1,700,475$1,386,389$3,260,764
66$3,491,865$1,719,558$1,368,592$3,507,449
67$3,781,771$1,737,553$1,348,176$3,777,018
68$4,099,160$1,754,341$1,324,988$4,071,752
69$4,446,770$1,769,799$1,298,871$4,394,161
70$4,827,615$1,783,794$1,269,658$4,747,013
71$5,245,015$1,796,184$1,237,175$5,133,356
72$5,702,628$1,806,818$1,201,241$5,556,548
73$6,204,479$1,815,535$1,161,666$6,020,289
74$6,755,005$1,822,166$1,118,251$6,528,654
75$7,359,091$1,826,527$1,070,788$7,086,136
76$8,022,119$1,828,428$1,019,060$7,697,682
77$8,750,016$1,827,662$962,840$8,368,744
78$9,549,313$1,824,012$901,890$9,105,330
79$10,427,202$1,817,248$835,962$9,914,059
80$11,391,607$1,807,123$764,797$10,802,225
81$12,451,257$1,793,379$688,125$11,777,864
82$13,615,770$1,775,739$605,661$12,849,832
83$14,895,739$1,753,911$517,112$14,027,888
84$16,302,837$1,727,585$422,167$15,322,784
85$17,849,922$1,696,432$320,506$16,746,370
86$19,551,162$1,660,105$211,790$18,311,702
87$21,422,166$1,618,236$95,671$20,033,170
88$23,480,131$1,570,433$0$21,926,629
89$25,744,004$1,516,285$0$24,011,058
90$28,234,664$1,455,353$0$26,309,751
91$30,975,110$1,387,177$0$28,838,835
92$33,990,689$1,311,266$0$31,621,717
93$37,309,324$1,227,102$0$34,684,186
94$40,961,785$1,134,140$0$38,054,661
95$44,981,974$1,031,801$0$41,764,459
96$49,407,249$919,472$0$45,848,090
97$54,278,771$796,508$0$50,343,582
98$59,641,895$662,227$0$55,292,841
99$65,546,598$515,906$0$60,742,048
100$72,047,951$356,785$0$66,742,090