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

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$115,611$114,581$113,576$112,596$111,638$109,250
2 years$57,233$56,167$55,134$54,132$53,161$50,767
3 years$37,776$36,706$35,675$34,683$33,727$31,402
4 years$28,050$26,983$25,963$24,987$24,055$21,815
5 years$22,216$21,155$20,148$19,193$18,286$16,139
6 years$18,327$17,274$16,283$15,349$14,469$12,418
7 years$15,551$14,507$13,531$12,619$11,767$9,811
8 years$13,470$12,435$11,475$10,586$9,762$7,901
9 years$11,852$10,827$9,884$9,017$8,221$6,453
10 years$10,558$9,544$8,617$7,772$7,005$5,328
11 years$9,501$8,496$7,586$6,764$6,024$4,438
12 years$8,620$7,626$6,732$5,933$5,221$3,721
13 years$7,875$6,891$6,015$5,238$4,552$3,137
14 years$7,237$6,264$5,405$4,650$3,991$2,657
15 years$6,685$5,722$4,880$4,147$3,514$2,259
16 years$6,203$5,250$4,424$3,713$3,105$1,926
17 years$5,777$4,835$4,026$3,336$2,753$1,647
18 years$5,399$4,468$3,675$3,007$2,448$1,411
19 years$5,062$4,141$3,364$2,717$2,182$1,211
20 years$4,758$3,848$3,088$2,460$1,949$1,041
21 years$4,484$3,584$2,840$2,233$1,744$897
22 years$4,235$3,346$2,617$2,030$1,563$773
23 years$4,008$3,129$2,417$1,849$1,403$667
24 years$3,800$2,932$2,235$1,686$1,261$576
25 years$3,609$2,751$2,070$1,540$1,135$497
26 years$3,434$2,586$1,920$1,408$1,022$430
27 years$3,271$2,434$1,783$1,289$922$372
28 years$3,120$2,293$1,657$1,181$832$322
29 years$2,980$2,163$1,542$1,083$751$279
30 years$2,850$2,043$1,437$994$679$242
31 years$2,728$1,931$1,339$913$614$209
32 years$2,614$1,827$1,250$839$555$181
33 years$2,507$1,731$1,167$771$502$157
34 years$2,407$1,640$1,090$710$455$136
35 years$2,312$1,556$1,019$653$412$118
36 years$2,224$1,477$953$602$373$102
37 years$2,140$1,402$892$554$338$89
38 years$2,060$1,333$836$511$307$77
39 years$1,985$1,267$783$471$278$67
40 years$1,914$1,206$734$435$252$58
41 years$1,847$1,148$688$401$229$50
42 years$1,782$1,093$646$370$208$44
43 years$1,721$1,042$606$342$188$38
44 years$1,663$993$569$315$171$33
45 years$1,608$947$534$291$155$29
46 years$1,555$903$501$269$141$25
47 years$1,505$862$471$249$128$22
48 years$1,457$823$443$230$116$19
49 years$1,411$786$416$212$106$16
50 years$1,367$751$391$196$96$14

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 $2,653 every year, while hoping to spend $27,035 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: 82/9/9 Blend
54$1,400,000$1,400,000$1,400,000$1,400,000
55$1,545,537$1,471,337$1,449,637$1,670,106
56$1,674,416$1,514,667$1,469,434$1,795,368
57$1,815,536$1,559,215$1,488,989$1,928,996
58$1,970,114$1,605,010$1,508,265$2,074,882
59$2,139,496$1,652,086$1,527,222$2,234,237
60$2,325,161$1,700,474$1,545,819$2,408,400
61$2,528,737$1,750,207$1,564,014$2,598,841
62$2,752,020$1,801,319$1,581,760$2,807,180
63$2,996,986$1,853,844$1,599,010$3,035,205
64$3,265,814$1,907,817$1,615,711$3,284,879
65$3,560,900$1,963,273$1,631,811$3,558,370
66$3,884,887$2,020,249$1,647,252$3,858,062
67$4,240,686$2,078,782$1,661,975$4,186,584
68$4,631,501$2,138,907$1,675,917$4,546,830
69$5,060,865$2,200,665$1,689,011$4,941,988
70$5,532,668$2,264,092$1,701,187$5,375,573
71$6,051,196$2,329,228$1,712,373$5,851,453
72$6,621,171$2,396,114$1,722,491$6,373,892
73$7,247,796$2,464,788$1,731,459$6,947,589
74$7,936,801$2,535,293$1,739,193$7,577,716
75$8,694,501$2,607,668$1,745,602$8,269,978
76$9,527,853$2,681,957$1,750,593$9,030,654
77$10,444,521$2,758,201$1,754,065$9,866,668
78$11,452,953$2,836,443$1,755,917$10,785,644
79$12,562,451$2,916,726$1,756,037$11,795,985
80$13,783,270$2,999,094$1,754,313$12,906,950
81$15,126,704$3,083,590$1,750,623$14,128,739
82$16,605,201$3,170,259$1,744,843$15,472,592
83$18,232,476$3,259,146$1,736,839$16,950,894
84$20,023,639$3,350,295$1,726,474$18,577,293
85$21,995,342$3,443,751$1,713,602$20,366,825
86$24,165,931$3,539,559$1,698,071$22,336,059
87$26,555,622$3,637,764$1,679,723$24,503,254
88$29,186,692$3,738,411$1,658,391$26,888,528
89$32,083,687$3,841,545$1,633,899$29,514,050
90$35,273,654$3,947,211$1,606,065$32,404,248
91$38,786,396$4,055,454$1,574,698$35,586,041
92$42,654,755$4,166,319$1,539,598$39,089,091
93$46,914,920$4,279,848$1,500,554$42,946,085
94$51,606,767$4,396,085$1,457,347$47,193,041
95$56,774,237$4,515,074$1,409,749$51,869,648
96$62,465,753$4,636,856$1,357,519$57,019,645
97$68,734,670$4,761,472$1,300,406$62,691,227
98$75,639,785$4,888,963$1,238,148$68,937,505
99$83,245,889$5,019,368$1,170,472$75,817,005
100$91,624,377$5,152,724$1,097,090$83,394,219