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%15.9%
1 years$116,436$115,399$114,387$113,400$112,435$109,717
2 years$57,642$56,568$55,528$54,519$53,541$50,819
3 years$38,046$36,968$35,930$34,931$33,968$31,327
4 years$28,250$27,175$26,148$25,166$24,227$21,687
5 years$22,374$21,306$20,292$19,330$18,417$15,986
6 years$18,458$17,398$16,399$15,458$14,572$12,252
7 years$15,662$14,611$13,628$12,709$11,851$9,642
8 years$13,566$12,524$11,557$10,661$9,832$7,733
9 years$11,937$10,904$9,954$9,081$8,280$6,290
10 years$10,634$9,612$8,678$7,828$7,055$5,171
11 years$9,569$8,557$7,640$6,813$6,067$4,287
12 years$8,681$7,680$6,781$5,976$5,258$3,579
13 years$7,931$6,941$6,058$5,276$4,585$3,003
14 years$7,289$6,309$5,443$4,683$4,019$2,531
15 years$6,733$5,763$4,914$4,176$3,539$2,141
16 years$6,247$5,288$4,456$3,740$3,128$1,817
17 years$5,818$4,870$4,054$3,360$2,773$1,546
18 years$5,438$4,500$3,701$3,028$2,466$1,318
19 years$5,098$4,170$3,388$2,736$2,198$1,125
20 years$4,792$3,875$3,110$2,478$1,963$962
21 years$4,516$3,610$2,860$2,249$1,757$824
22 years$4,265$3,370$2,636$2,045$1,575$706
23 years$4,037$3,151$2,434$1,862$1,414$606
24 years$3,827$2,953$2,251$1,698$1,270$521
25 years$3,635$2,771$2,085$1,551$1,143$447
26 years$3,458$2,604$1,934$1,418$1,030$385
27 years$3,294$2,451$1,796$1,298$928$331
28 years$3,143$2,309$1,669$1,189$838$285
29 years$3,002$2,179$1,553$1,091$756$245
30 years$2,870$2,058$1,447$1,001$684$211
31 years$2,747$1,945$1,349$919$618$182
32 years$2,633$1,840$1,259$845$559$157
33 years$2,525$1,743$1,175$777$506$135
34 years$2,424$1,652$1,098$715$458$116
35 years$2,329$1,567$1,026$658$415$100
36 years$2,239$1,487$960$606$376$86
37 years$2,155$1,412$899$558$341$75
38 years$2,075$1,342$842$515$309$64
39 years$1,999$1,276$789$475$280$55
40 years$1,928$1,214$739$438$254$48
41 years$1,860$1,156$693$404$230$41
42 years$1,795$1,101$650$373$209$36
43 years$1,734$1,049$610$344$190$31
44 years$1,675$1,000$573$318$172$26
45 years$1,620$953$538$293$156$23
46 years$1,566$910$505$271$142$20
47 years$1,516$868$474$250$129$17
48 years$1,467$829$446$231$117$15
49 years$1,421$791$419$214$106$13
50 years$1,377$756$394$198$97$11

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 $3,209 every year, while hoping to spend $45,508 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: 71/10/19 Blend
54$1,410,000$1,410,000$1,410,000$1,410,000
55$1,557,130$1,482,400$1,460,545$1,660,356
56$1,667,537$1,506,618$1,461,053$1,753,710
57$1,787,681$1,530,496$1,460,053$1,850,149
58$1,918,505$1,553,972$1,457,446$1,954,591
59$2,061,051$1,576,975$1,453,129$2,067,823
60$2,216,463$1,599,431$1,446,993$2,190,712
61$2,386,000$1,621,261$1,438,926$2,324,211
62$2,571,049$1,642,380$1,428,806$2,469,374
63$2,773,136$1,662,696$1,416,511$2,627,361
64$2,993,940$1,682,113$1,401,909$2,799,451
65$3,235,312$1,700,526$1,384,862$2,987,053
66$3,499,287$1,717,825$1,365,229$3,191,720
67$3,788,108$1,733,893$1,342,857$3,415,166
68$4,104,243$1,748,602$1,317,591$3,659,278
69$4,450,411$1,761,818$1,289,266$3,926,136
70$4,829,606$1,773,400$1,257,709$4,218,035
71$5,245,124$1,783,195$1,222,741$4,537,503
72$5,700,596$1,791,041$1,184,172$4,887,326
73$6,200,021$1,796,766$1,141,806$5,270,577
74$6,747,803$1,800,188$1,095,437$5,690,643
75$7,348,794$1,801,112$1,044,848$6,151,256
76$8,008,336$1,799,331$989,816$6,656,532
77$8,732,315$1,794,627$930,104$7,211,006
78$9,527,215$1,786,768$865,466$7,819,679
79$10,400,176$1,775,505$795,645$8,488,063
80$11,359,068$1,760,578$720,372$9,222,232
81$12,412,555$1,741,709$639,367$10,028,885
82$13,570,187$1,718,604$552,337$10,915,402
83$14,842,481$1,690,950$458,975$11,889,922
84$16,241,024$1,658,418$358,961$12,961,414
85$17,778,585$1,620,656$251,963$14,139,765
86$19,469,228$1,577,296$137,631$15,435,872
87$21,328,448$1,527,943$15,601$16,861,747
88$23,373,321$1,472,182$0$18,430,632
89$25,622,655$1,409,575$0$20,180,359
90$28,097,177$1,339,655$0$22,108,662
91$30,819,722$1,261,931$0$24,230,189
92$33,815,450$1,175,882$0$26,564,571
93$37,112,085$1,080,959$0$29,133,442
94$40,740,171$976,580$0$31,960,638
95$44,733,365$862,129$0$35,072,429
96$49,128,753$736,958$0$38,497,762
97$53,967,197$600,380$0$42,268,536
98$59,293,723$451,670$0$46,419,903
99$65,157,942$290,062$0$50,990,601
100$71,614,525$114,747$0$56,023,318