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%15.8%
1 years$116,436$115,399$114,387$113,400$112,435$109,762
2 years$57,642$56,568$55,528$54,519$53,541$50,863
3 years$38,046$36,968$35,930$34,931$33,968$31,370
4 years$28,250$27,175$26,148$25,166$24,227$21,727
5 years$22,374$21,306$20,292$19,330$18,417$16,024
6 years$18,458$17,398$16,399$15,458$14,572$12,288
7 years$15,662$14,611$13,628$12,709$11,851$9,676
8 years$13,566$12,524$11,557$10,661$9,832$7,765
9 years$11,937$10,904$9,954$9,081$8,280$6,319
10 years$10,634$9,612$8,678$7,828$7,055$5,199
11 years$9,569$8,557$7,640$6,813$6,067$4,313
12 years$8,681$7,680$6,781$5,976$5,258$3,602
13 years$7,931$6,941$6,058$5,276$4,585$3,025
14 years$7,289$6,309$5,443$4,683$4,019$2,552
15 years$6,733$5,763$4,914$4,176$3,539$2,160
16 years$6,247$5,288$4,456$3,740$3,128$1,834
17 years$5,818$4,870$4,054$3,360$2,773$1,561
18 years$5,438$4,500$3,701$3,028$2,466$1,332
19 years$5,098$4,170$3,388$2,736$2,198$1,138
20 years$4,792$3,875$3,110$2,478$1,963$974
21 years$4,516$3,610$2,860$2,249$1,757$835
22 years$4,265$3,370$2,636$2,045$1,575$716
23 years$4,037$3,151$2,434$1,862$1,414$615
24 years$3,827$2,953$2,251$1,698$1,270$529
25 years$3,635$2,771$2,085$1,551$1,143$455
26 years$3,458$2,604$1,934$1,418$1,030$391
27 years$3,294$2,451$1,796$1,298$928$337
28 years$3,143$2,309$1,669$1,189$838$290
29 years$3,002$2,179$1,553$1,091$756$250
30 years$2,870$2,058$1,447$1,001$684$215
31 years$2,747$1,945$1,349$919$618$186
32 years$2,633$1,840$1,259$845$559$160
33 years$2,525$1,743$1,175$777$506$138
34 years$2,424$1,652$1,098$715$458$119
35 years$2,329$1,567$1,026$658$415$103
36 years$2,239$1,487$960$606$376$89
37 years$2,155$1,412$899$558$341$77
38 years$2,075$1,342$842$515$309$66
39 years$1,999$1,276$789$475$280$57
40 years$1,928$1,214$739$438$254$49
41 years$1,860$1,156$693$404$230$42
42 years$1,795$1,101$650$373$209$37
43 years$1,734$1,049$610$344$190$32
44 years$1,675$1,000$573$318$172$27
45 years$1,620$953$538$293$156$24
46 years$1,566$910$505$271$142$20
47 years$1,516$868$474$250$129$18
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 $3,381 every year, while hoping to spend $38,188 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: 69/18/13 Blend
54$1,410,000$1,410,000$1,410,000$1,410,000
55$1,557,308$1,482,578$1,460,723$1,660,050
56$1,675,521$1,514,592$1,469,025$1,760,784
57$1,804,513$1,546,895$1,476,326$1,866,054
58$1,945,341$1,579,461$1,482,551$1,980,233
59$2,099,172$1,612,261$1,487,623$2,104,191
60$2,267,289$1,645,264$1,491,460$2,238,889
61$2,451,106$1,678,434$1,493,976$2,385,381
62$2,652,177$1,711,736$1,495,082$2,544,833
63$2,872,215$1,745,127$1,494,684$2,718,526
64$3,113,107$1,778,565$1,492,682$2,907,873
65$3,376,930$1,812,000$1,488,973$3,114,431
66$3,665,971$1,845,382$1,483,447$3,339,914
67$3,982,748$1,878,655$1,475,992$3,586,212
68$4,330,037$1,911,757$1,466,486$3,855,407
69$4,710,892$1,944,624$1,454,804$4,149,793
70$5,128,679$1,977,187$1,440,816$4,471,899
71$5,587,104$2,009,369$1,424,383$4,824,510
72$6,090,251$2,041,090$1,405,362$5,210,697
73$6,642,616$2,072,263$1,383,602$5,633,843
74$7,249,154$2,102,796$1,358,944$6,097,676
75$7,915,323$2,132,587$1,331,223$6,606,305
76$8,647,133$2,161,531$1,300,266$7,164,257
77$9,451,208$2,189,514$1,265,892$7,776,524
78$10,334,843$2,216,412$1,227,912$8,448,604
79$11,306,078$2,242,097$1,186,128$9,186,559
80$12,373,766$2,266,428$1,140,331$9,997,067
81$13,547,664$2,289,257$1,090,306$10,887,490
82$14,838,521$2,310,426$1,035,827$11,865,941
83$16,258,178$2,329,765$976,655$12,941,362
84$17,819,684$2,347,094$912,544$14,123,605
85$19,537,413$2,362,223$843,236$15,423,531
86$21,427,204$2,374,947$768,459$16,853,110
87$23,506,509$2,385,050$687,932$18,425,531
88$25,794,555$2,392,299$601,360$20,155,332
89$28,312,529$2,396,451$508,435$22,058,537
90$31,083,774$2,397,245$408,836$24,152,802
91$34,134,013$2,394,404$302,225$26,457,590
92$37,491,586$2,387,633$188,254$28,994,347
93$41,187,723$2,376,622$66,555$31,786,712
94$45,256,833$2,361,040$0$34,860,737
95$49,736,834$2,340,534$0$38,253,915
96$54,669,505$2,314,734$0$41,999,529
97$60,100,882$2,283,244$0$46,123,269
98$66,081,696$2,245,646$0$50,663,629
99$72,667,844$2,201,498$0$55,663,029
100$79,920,922$2,150,330$0$61,168,216