Can I retire at age 55 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$116,436$115,399$114,387$113,400$112,435$108,619
2 years$57,642$56,568$55,528$54,519$53,541$49,734
3 years$38,046$36,968$35,930$34,931$33,968$30,291
4 years$28,250$27,175$26,148$25,166$24,227$20,706
5 years$22,374$21,306$20,292$19,330$18,417$15,063
6 years$18,458$17,398$16,399$15,458$14,572$11,388
7 years$15,662$14,611$13,628$12,709$11,851$8,836
8 years$13,566$12,524$11,557$10,661$9,832$6,983
9 years$11,937$10,904$9,954$9,081$8,280$5,594
10 years$10,634$9,612$8,678$7,828$7,055$4,528
11 years$9,569$8,557$7,640$6,813$6,067$3,694
12 years$8,681$7,680$6,781$5,976$5,258$3,033
13 years$7,931$6,941$6,058$5,276$4,585$2,503
14 years$7,289$6,309$5,443$4,683$4,019$2,073
15 years$6,733$5,763$4,914$4,176$3,539$1,723
16 years$6,247$5,288$4,456$3,740$3,128$1,436
17 years$5,818$4,870$4,054$3,360$2,773$1,200
18 years$5,438$4,500$3,701$3,028$2,466$1,004
19 years$5,098$4,170$3,388$2,736$2,198$841
20 years$4,792$3,875$3,110$2,478$1,963$706
21 years$4,516$3,610$2,860$2,249$1,757$593
22 years$4,265$3,370$2,636$2,045$1,575$499
23 years$4,037$3,151$2,434$1,862$1,414$419
24 years$3,827$2,953$2,251$1,698$1,270$353
25 years$3,635$2,771$2,085$1,551$1,143$297
26 years$3,458$2,604$1,934$1,418$1,030$251
27 years$3,294$2,451$1,796$1,298$928$211
28 years$3,143$2,309$1,669$1,189$838$178
29 years$3,002$2,179$1,553$1,091$756$150
30 years$2,870$2,058$1,447$1,001$684$127
31 years$2,747$1,945$1,349$919$618$107
32 years$2,633$1,840$1,259$845$559$90
33 years$2,525$1,743$1,175$777$506$76
34 years$2,424$1,652$1,098$715$458$64
35 years$2,329$1,567$1,026$658$415$54
36 years$2,239$1,487$960$606$376$46
37 years$2,155$1,412$899$558$341$39
38 years$2,075$1,342$842$515$309$33
39 years$1,999$1,276$789$475$280$28
40 years$1,928$1,214$739$438$254$23
41 years$1,860$1,156$693$404$230$20
42 years$1,795$1,101$650$373$209$17
43 years$1,734$1,049$610$344$190$14
44 years$1,675$1,000$573$318$172$12
45 years$1,620$953$538$293$156$10
46 years$1,566$910$505$271$142$8
47 years$1,516$868$474$250$129$7
48 years$1,467$829$446$231$117$6
49 years$1,421$791$419$214$106$5
50 years$1,377$756$394$198$97$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,410,000, adding $3,541 every year, while hoping to spend $23,559 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: 46/46/8 Blend
54$1,410,000$1,410,000$1,410,000$1,410,000
55$1,557,473$1,482,743$1,460,888$1,625,519
56$1,691,268$1,530,330$1,484,761$1,720,352
57$1,837,921$1,579,460$1,508,644$1,820,432
58$1,998,719$1,630,183$1,532,513$1,928,451
59$2,175,077$1,682,551$1,556,341$2,045,151
60$2,368,558$1,736,619$1,580,101$2,171,347
61$2,580,879$1,792,442$1,603,763$2,307,935
62$2,813,936$1,850,078$1,627,296$2,455,900
63$3,069,813$1,909,588$1,650,666$2,616,326
64$3,350,808$1,971,032$1,673,838$2,790,404
65$3,659,453$2,034,475$1,696,774$2,979,446
66$3,998,536$2,099,984$1,719,435$3,184,893
67$4,371,129$2,167,625$1,741,778$3,408,332
68$4,780,615$2,237,470$1,763,759$3,651,510
69$5,230,724$2,309,592$1,785,331$3,916,346
70$5,725,562$2,384,066$1,806,444$4,204,957
71$6,269,655$2,460,970$1,827,045$4,519,669
72$6,867,987$2,540,386$1,847,079$4,863,044
73$7,526,053$2,622,396$1,866,487$5,237,902
74$8,249,904$2,707,086$1,885,207$5,647,348
75$9,046,207$2,794,547$1,903,175$6,094,798
76$9,922,310$2,884,869$1,920,321$6,584,017
77$10,886,307$2,978,150$1,936,574$7,119,148
78$11,947,118$3,074,486$1,951,856$7,704,753
79$13,114,569$3,173,981$1,966,088$8,345,857
80$14,399,489$3,276,740$1,979,186$9,047,992
81$15,813,808$3,382,872$1,991,060$9,817,254
82$17,370,673$3,492,489$2,001,618$10,660,352
83$19,084,571$3,605,710$2,010,761$11,584,677
84$20,971,461$3,722,654$2,018,385$12,598,372
85$23,048,933$3,843,447$2,024,384$13,710,403
86$25,336,366$3,968,217$2,028,642$14,930,647
87$27,855,115$4,097,100$2,031,042$16,269,985
88$30,628,711$4,230,232$2,031,456$17,740,401
89$33,683,084$4,367,758$2,029,754$19,355,099
90$37,046,805$4,509,825$2,025,798$21,128,621
91$40,751,360$4,656,586$2,019,442$23,076,990
92$44,831,441$4,808,202$2,010,536$25,217,858
93$49,325,279$4,964,834$1,998,920$27,570,669
94$54,275,000$5,126,655$1,984,427$30,156,848
95$59,727,028$5,293,838$1,966,883$32,999,997
96$65,732,516$5,466,567$1,946,105$36,126,121
97$72,347,833$5,645,030$1,921,900$39,563,868
98$79,635,097$5,829,421$1,894,068$43,344,806
99$87,662,756$6,019,943$1,862,399$47,503,713
100$96,506,241$6,216,803$1,826,673$52,078,908