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%13.5%
1 years$117,262$116,218$115,199$114,204$113,233$111,587
2 years$58,051$56,969$55,922$54,906$53,920$52,265
3 years$38,316$37,230$36,185$35,179$34,209$32,597
4 years$28,451$27,368$26,333$25,344$24,398$22,841
5 years$22,533$21,457$20,436$19,467$18,547$17,049
6 years$18,589$17,521$16,515$15,568$14,676$13,239
7 years$15,773$14,714$13,724$12,799$11,935$10,561
8 years$13,662$12,613$11,639$10,737$9,902$8,588
9 years$12,021$10,982$10,025$9,145$8,339$7,086
10 years$10,709$9,680$8,740$7,883$7,105$5,913
11 years$9,636$8,617$7,694$6,861$6,110$4,977
12 years$8,743$7,735$6,829$6,018$5,295$4,219
13 years$7,988$6,990$6,101$5,313$4,617$3,598
14 years$7,341$6,354$5,482$4,716$4,048$3,082
15 years$6,781$5,804$4,949$4,206$3,564$2,651
16 years$6,291$5,325$4,487$3,766$3,150$2,288
17 years$5,860$4,904$4,083$3,384$2,793$1,980
18 years$5,476$4,532$3,727$3,049$2,483$1,718
19 years$5,134$4,200$3,412$2,755$2,213$1,493
20 years$4,826$3,903$3,132$2,496$1,977$1,300
21 years$4,548$3,635$2,880$2,265$1,769$1,134
22 years$4,295$3,393$2,655$2,059$1,586$990
23 years$4,065$3,174$2,451$1,875$1,424$866
24 years$3,855$2,974$2,267$1,711$1,280$757
25 years$3,661$2,791$2,100$1,562$1,151$663
26 years$3,483$2,623$1,947$1,428$1,037$581
27 years$3,318$2,468$1,808$1,307$935$510
28 years$3,165$2,326$1,681$1,198$844$447
29 years$3,023$2,194$1,564$1,098$762$393
30 years$2,891$2,072$1,457$1,008$688$345
31 years$2,767$1,959$1,358$926$622$303
32 years$2,651$1,854$1,267$851$563$266
33 years$2,543$1,755$1,183$782$509$234
34 years$2,441$1,664$1,106$720$461$206
35 years$2,346$1,578$1,034$663$418$181
36 years$2,255$1,498$967$610$379$159
37 years$2,170$1,422$905$562$343$140
38 years$2,090$1,352$848$518$311$123
39 years$2,014$1,285$794$478$282$109
40 years$1,941$1,223$744$441$256$96
41 years$1,873$1,164$698$407$232$84
42 years$1,808$1,109$655$375$211$74
43 years$1,746$1,056$614$347$191$65
44 years$1,687$1,007$577$320$173$58
45 years$1,631$960$541$295$158$51
46 years$1,578$916$509$273$143$45
47 years$1,527$874$478$252$130$39
48 years$1,478$835$449$233$118$35
49 years$1,431$797$422$215$107$30
50 years$1,386$761$397$199$97$27

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 $4,163 every year, while hoping to spend $47,610 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: 43/30/27 Blend
54$1,420,000$1,420,000$1,420,000$1,420,000
55$1,569,134$1,493,874$1,471,864$1,624,098
56$1,678,529$1,516,417$1,470,515$1,686,369
57$1,797,487$1,538,469$1,467,525$1,748,951
58$1,926,932$1,559,956$1,462,789$1,815,842
59$2,067,883$1,580,798$1,456,196$1,887,467
60$2,221,460$1,600,910$1,447,631$1,964,298
61$2,388,895$1,620,200$1,436,973$2,046,858
62$2,571,545$1,638,573$1,424,094$2,135,723
63$2,770,903$1,655,924$1,408,862$2,231,530
64$2,988,614$1,672,142$1,391,137$2,334,987
65$3,226,485$1,687,110$1,370,774$2,446,871
66$3,486,511$1,700,703$1,347,618$2,568,045
67$3,770,883$1,712,785$1,321,511$2,699,462
68$4,082,016$1,723,215$1,292,285$2,842,174
69$4,422,570$1,731,840$1,259,765$2,997,345
70$4,795,472$1,738,501$1,223,767$3,166,261
71$5,203,947$1,743,024$1,184,100$3,350,343
72$5,651,546$1,745,228$1,140,564$3,551,158
73$6,142,178$1,744,919$1,092,948$3,770,443
74$6,680,152$1,741,892$1,041,033$4,010,110
75$7,270,211$1,735,928$984,591$4,272,277
76$7,917,578$1,726,795$923,381$4,559,279
77$8,628,011$1,714,247$857,153$4,873,696
78$9,407,847$1,698,024$785,647$5,218,377
79$10,264,069$1,677,849$708,588$5,596,467
80$11,204,369$1,653,429$625,691$6,011,441
81$12,237,221$1,624,453$536,658$6,467,133
82$13,371,959$1,590,593$441,177$6,967,775
83$14,618,867$1,551,499$338,924$7,518,040
84$15,989,273$1,506,804$229,560$8,123,087
85$17,495,657$1,456,116$112,728$8,788,606
86$19,151,770$1,399,022$0$9,520,882
87$20,972,760$1,335,084$0$10,330,289
88$22,975,319$1,263,840$0$11,255,919
89$25,177,833$1,184,799$0$12,273,818
90$27,600,563$1,097,446$0$13,393,424
91$30,265,831$1,001,232$0$14,625,141
92$33,198,232$895,578$0$15,980,440
93$36,424,865$779,874$0$17,471,970
94$39,975,587$653,474$0$19,113,674
95$43,883,297$515,694$0$20,920,926
96$48,184,245$365,815$0$22,910,675
97$52,918,373$203,075$0$25,101,608
98$58,129,690$26,669$0$27,514,324
99$63,866,692$0$0$30,171,536
100$70,182,813$0$0$33,152,504