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%12.7%
1 years$115,611$114,581$113,576$112,596$111,638$110,380
2 years$57,233$56,167$55,134$54,132$53,161$51,895
3 years$37,776$36,706$35,675$34,683$33,727$32,492
4 years$28,050$26,983$25,963$24,987$24,055$22,860
5 years$22,216$21,155$20,148$19,193$18,286$17,135
6 years$18,327$17,274$16,283$15,349$14,469$13,363
7 years$15,551$14,507$13,531$12,619$11,767$10,707
8 years$13,470$12,435$11,475$10,586$9,762$8,748
9 years$11,852$10,827$9,884$9,017$8,221$7,252
10 years$10,558$9,544$8,617$7,772$7,005$6,080
11 years$9,501$8,496$7,586$6,764$6,024$5,144
12 years$8,620$7,626$6,732$5,933$5,221$4,383
13 years$7,875$6,891$6,015$5,238$4,552$3,757
14 years$7,237$6,264$5,405$4,650$3,991$3,236
15 years$6,685$5,722$4,880$4,147$3,514$2,798
16 years$6,203$5,250$4,424$3,713$3,105$2,428
17 years$5,777$4,835$4,026$3,336$2,753$2,113
18 years$5,399$4,468$3,675$3,007$2,448$1,844
19 years$5,062$4,141$3,364$2,717$2,182$1,612
20 years$4,758$3,848$3,088$2,460$1,949$1,412
21 years$4,484$3,584$2,840$2,233$1,744$1,239
22 years$4,235$3,346$2,617$2,030$1,563$1,089
23 years$4,008$3,129$2,417$1,849$1,403$958
24 years$3,800$2,932$2,235$1,686$1,261$843
25 years$3,609$2,751$2,070$1,540$1,135$743
26 years$3,434$2,586$1,920$1,408$1,022$655
27 years$3,271$2,434$1,783$1,289$922$579
28 years$3,120$2,293$1,657$1,181$832$511
29 years$2,980$2,163$1,542$1,083$751$452
30 years$2,850$2,043$1,437$994$679$399
31 years$2,728$1,931$1,339$913$614$353
32 years$2,614$1,827$1,250$839$555$312
33 years$2,507$1,731$1,167$771$502$276
34 years$2,407$1,640$1,090$710$455$245
35 years$2,312$1,556$1,019$653$412$217
36 years$2,224$1,477$953$602$373$192
37 years$2,140$1,402$892$554$338$170
38 years$2,060$1,333$836$511$307$151
39 years$1,985$1,267$783$471$278$134
40 years$1,914$1,206$734$435$252$118
41 years$1,847$1,148$688$401$229$105
42 years$1,782$1,093$646$370$208$93
43 years$1,721$1,042$606$342$188$83
44 years$1,663$993$569$315$171$73
45 years$1,608$947$534$291$155$65
46 years$1,555$903$501$269$141$58
47 years$1,505$862$471$249$128$51
48 years$1,457$823$443$230$116$45
49 years$1,411$786$416$212$106$40
50 years$1,367$751$391$196$96$36

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 $6,956 every year, while hoping to spend $55,205 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: 43/33/24 Blend
54$1,400,000$1,400,000$1,400,000$1,400,000
55$1,549,975$1,475,775$1,454,075$1,605,521
56$1,649,335$1,489,350$1,444,049$1,659,302
57$1,756,979$1,501,741$1,431,837$1,711,697
58$1,873,695$1,512,829$1,417,307$1,767,368
59$2,000,346$1,522,493$1,400,321$1,826,649
60$2,137,886$1,530,599$1,380,736$1,889,910
61$2,287,360$1,537,008$1,358,401$1,957,561
62$2,449,920$1,541,571$1,333,156$2,030,057
63$2,626,832$1,544,128$1,304,837$2,107,901
64$2,819,490$1,544,512$1,273,271$2,191,654
65$3,029,428$1,542,544$1,238,276$2,281,935
66$3,258,334$1,538,032$1,199,662$2,379,431
67$3,508,066$1,530,777$1,157,232$2,484,905
68$3,780,667$1,520,564$1,110,778$2,599,199
69$4,078,390$1,507,166$1,060,084$2,723,248
70$4,403,711$1,490,343$1,004,922$2,858,087
71$4,759,358$1,469,838$945,056$3,004,862
72$5,148,336$1,445,383$880,238$3,164,840
73$5,573,950$1,416,691$810,210$3,339,426
74$6,039,842$1,383,458$734,701$3,530,174
75$6,550,021$1,345,363$653,429$3,738,801
76$7,108,903$1,302,066$566,099$3,967,211
77$7,721,351$1,253,207$472,403$4,217,506
78$8,392,720$1,198,405$372,019$4,492,012
79$9,128,908$1,137,257$264,612$4,793,303
80$9,936,411$1,069,337$149,831$5,124,221
81$10,822,385$994,194$27,310$5,487,911
82$11,794,710$911,352$0$5,887,848
83$12,862,068$820,306$0$6,354,363
84$14,034,023$720,524$0$6,874,394
85$15,321,107$611,444$0$7,445,738
86$16,734,926$492,471$0$8,073,687
87$18,288,263$362,977$0$8,764,080
88$19,995,201$222,298$0$9,523,360
89$21,871,256$69,734$0$10,358,636
90$23,933,519$0$0$11,277,750
91$26,200,821$0$0$12,324,017
92$28,693,911$0$0$13,502,510
93$31,435,644$0$0$14,798,734
94$34,451,205$0$0$16,224,621
95$37,768,341$0$0$17,793,316
96$41,417,623$0$0$19,519,302
97$45,432,735$0$0$21,418,537
98$49,850,789$0$0$23,508,604
99$54,712,677$0$0$25,808,877
100$60,063,458$0$0$28,340,704