Can I retire at age 55 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$117,262$116,218$115,199$114,204$113,233$112,661
2 years$58,051$56,969$55,922$54,906$53,920$53,343
3 years$38,316$37,230$36,185$35,179$34,209$33,645
4 years$28,451$27,368$26,333$25,344$24,398$23,851
5 years$22,533$21,457$20,436$19,467$18,547$18,018
6 years$18,589$17,521$16,515$15,568$14,676$14,166
7 years$15,773$14,714$13,724$12,799$11,935$11,445
8 years$13,662$12,613$11,639$10,737$9,902$9,431
9 years$12,021$10,982$10,025$9,145$8,339$7,887
10 years$10,709$9,680$8,740$7,883$7,105$6,673
11 years$9,636$8,617$7,694$6,861$6,110$5,697
12 years$8,743$7,735$6,829$6,018$5,295$4,900
13 years$7,988$6,990$6,101$5,313$4,617$4,241
14 years$7,341$6,354$5,482$4,716$4,048$3,689
15 years$6,781$5,804$4,949$4,206$3,564$3,223
16 years$6,291$5,325$4,487$3,766$3,150$2,825
17 years$5,860$4,904$4,083$3,384$2,793$2,485
18 years$5,476$4,532$3,727$3,049$2,483$2,191
19 years$5,134$4,200$3,412$2,755$2,213$1,936
20 years$4,826$3,903$3,132$2,496$1,977$1,715
21 years$4,548$3,635$2,880$2,265$1,769$1,521
22 years$4,295$3,393$2,655$2,059$1,586$1,352
23 years$4,065$3,174$2,451$1,875$1,424$1,203
24 years$3,855$2,974$2,267$1,711$1,280$1,071
25 years$3,661$2,791$2,100$1,562$1,151$955
26 years$3,483$2,623$1,947$1,428$1,037$852
27 years$3,318$2,468$1,808$1,307$935$761
28 years$3,165$2,326$1,681$1,198$844$681
29 years$3,023$2,194$1,564$1,098$762$609
30 years$2,891$2,072$1,457$1,008$688$545
31 years$2,767$1,959$1,358$926$622$488
32 years$2,651$1,854$1,267$851$563$437
33 years$2,543$1,755$1,183$782$509$392
34 years$2,441$1,664$1,106$720$461$351
35 years$2,346$1,578$1,034$663$418$315
36 years$2,255$1,498$967$610$379$282
37 years$2,170$1,422$905$562$343$253
38 years$2,090$1,352$848$518$311$227
39 years$2,014$1,285$794$478$282$204
40 years$1,941$1,223$744$441$256$183
41 years$1,873$1,164$698$407$232$165
42 years$1,808$1,109$655$375$211$148
43 years$1,746$1,056$614$347$191$133
44 years$1,687$1,007$577$320$173$119
45 years$1,631$960$541$295$158$107
46 years$1,578$916$509$273$143$96
47 years$1,527$874$478$252$130$87
48 years$1,478$835$449$233$118$78
49 years$1,431$797$422$215$107$70
50 years$1,386$761$397$199$97$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,420,000, adding $2,203 every year, while hoping to spend $33,718 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: 59/28/13 Blend
54$1,420,000$1,420,000$1,420,000$1,420,000
55$1,567,112$1,491,852$1,469,842$1,654,395
56$1,691,082$1,529,077$1,483,206$1,750,712
57$1,826,567$1,566,996$1,495,888$1,851,731
58$1,974,705$1,605,608$1,507,829$1,961,084
59$2,136,751$1,644,909$1,518,967$2,079,578
60$2,314,086$1,684,895$1,529,239$2,208,099
61$2,508,229$1,725,562$1,538,575$2,347,626
62$2,720,855$1,766,901$1,546,904$2,499,236
63$2,953,808$1,808,905$1,554,151$2,664,115
64$3,209,118$1,851,563$1,560,236$2,843,569
65$3,489,021$1,894,863$1,565,077$3,039,038
66$3,795,981$1,938,790$1,568,587$3,252,108
67$4,132,709$1,983,329$1,570,673$3,484,525
68$4,502,194$2,028,461$1,571,239$3,738,213
69$4,907,727$2,074,165$1,570,185$4,015,294
70$5,352,933$2,120,417$1,567,404$4,318,101
71$5,841,806$2,167,190$1,562,785$4,649,211
72$6,378,744$2,214,457$1,556,212$5,011,458
73$6,968,593$2,262,183$1,547,563$5,407,968
74$7,616,693$2,310,333$1,536,710$5,842,183
75$8,328,924$2,358,867$1,523,517$6,317,899
76$9,111,765$2,407,742$1,507,846$6,839,296
77$9,972,355$2,456,911$1,489,549$7,410,983
78$10,918,557$2,506,322$1,468,471$8,038,035
79$11,959,036$2,555,918$1,444,451$8,726,049
80$13,103,338$2,605,638$1,417,320$9,481,190
81$14,361,979$2,655,416$1,386,901$10,310,253
82$15,746,548$2,705,178$1,353,010$11,220,727
83$17,269,813$2,754,848$1,315,452$12,220,864
84$18,945,839$2,804,341$1,274,025$13,319,759
85$20,790,127$2,853,566$1,228,517$14,527,433
86$22,819,754$2,902,425$1,178,706$15,854,932
87$25,053,538$2,950,813$1,124,362$17,314,429
88$27,512,212$2,998,616$1,065,241$18,919,338
89$30,218,622$3,045,713$1,001,092$20,684,445
90$33,197,941$3,091,973$931,648$22,626,042
91$36,477,907$3,137,255$856,634$24,762,086
92$40,089,083$3,181,411$775,761$27,112,366
93$44,065,148$3,224,278$688,727$29,698,691
94$48,443,211$3,265,686$595,218$32,545,098
95$53,264,165$3,305,450$494,903$35,678,075
96$58,573,067$3,343,375$387,440$39,126,814
97$64,419,571$3,379,251$272,470$42,923,490
98$70,858,387$3,412,854$149,618$47,103,559
99$77,949,805$3,443,946$18,492$51,706,098
100$85,760,259$3,472,274$0$56,774,172