Can I retire at age 55 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$118,088$117,036$116,010$115,008$114,030$110,646
2 years$58,459$57,371$56,316$55,292$54,300$50,919
3 years$38,586$37,492$36,440$35,426$34,450$31,177
4 years$28,651$27,561$26,519$25,523$24,570$21,431
5 years$22,692$21,608$20,580$19,604$18,678$15,681
6 years$18,720$17,645$16,631$15,677$14,779$11,927
7 years$15,884$14,818$13,821$12,889$12,019$9,312
8 years$13,758$12,702$11,721$10,812$9,971$7,407
9 years$12,106$11,059$10,095$9,210$8,397$5,974
10 years$10,785$9,748$8,801$7,939$7,155$4,869
11 years$9,704$8,678$7,749$6,909$6,153$4,001
12 years$8,805$7,789$6,877$6,060$5,332$3,309
13 years$8,044$7,039$6,144$5,350$4,650$2,751
14 years$7,393$6,398$5,520$4,749$4,076$2,296
15 years$6,828$5,845$4,984$4,236$3,589$1,924
16 years$6,335$5,363$4,519$3,793$3,172$1,616
17 years$5,901$4,939$4,112$3,408$2,812$1,361
18 years$5,515$4,564$3,754$3,071$2,501$1,148
19 years$5,170$4,230$3,436$2,775$2,229$970
20 years$4,860$3,930$3,154$2,513$1,991$821
21 years$4,580$3,661$2,901$2,281$1,782$695
22 years$4,326$3,417$2,674$2,074$1,597$590
23 years$4,094$3,196$2,469$1,889$1,434$500
24 years$3,882$2,995$2,283$1,723$1,289$425
25 years$3,687$2,810$2,114$1,573$1,159$361
26 years$3,507$2,641$1,961$1,438$1,044$307
27 years$3,341$2,486$1,821$1,317$942$261
28 years$3,187$2,342$1,693$1,206$850$222
29 years$3,044$2,210$1,575$1,106$767$189
30 years$2,911$2,087$1,467$1,015$693$161
31 years$2,786$1,973$1,368$932$627$137
32 years$2,670$1,867$1,276$857$567$117
33 years$2,561$1,768$1,192$788$513$99
34 years$2,458$1,675$1,114$725$465$85
35 years$2,362$1,589$1,041$667$421$72
36 years$2,271$1,508$974$615$381$61
37 years$2,185$1,432$912$566$346$52
38 years$2,104$1,361$854$522$313$45
39 years$2,028$1,295$800$481$284$38
40 years$1,955$1,232$750$444$258$32
41 years$1,886$1,172$703$410$234$28
42 years$1,821$1,117$659$378$212$24
43 years$1,758$1,064$619$349$192$20
44 years$1,699$1,014$581$322$175$17
45 years$1,643$967$545$298$159$15
46 years$1,589$922$512$275$144$12
47 years$1,537$880$481$254$131$11
48 years$1,488$840$452$235$119$9
49 years$1,441$803$425$217$108$8
50 years$1,396$767$400$200$98$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,430,000, adding $4,558 every year, while hoping to spend $28,678 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: 56/39/5 Blend
54$1,430,000$1,430,000$1,430,000$1,430,000
55$1,580,562$1,504,772$1,482,607$1,667,261
56$1,711,266$1,547,992$1,501,761$1,769,336
57$1,854,340$1,592,369$1,520,595$1,876,834
58$2,011,017$1,637,930$1,539,070$1,993,193
59$2,182,653$1,684,700$1,557,140$2,119,260
60$2,370,740$1,732,707$1,574,761$2,255,966
61$2,576,924$1,781,978$1,591,884$2,404,333
62$2,803,016$1,832,541$1,608,458$2,565,489
63$3,051,013$1,884,424$1,624,430$2,740,673
64$3,323,110$1,937,655$1,639,742$2,931,252
65$3,621,730$1,992,263$1,654,336$3,138,727
66$3,949,538$2,048,275$1,668,148$3,364,752
67$4,309,472$2,105,722$1,681,112$3,611,148
68$4,704,767$2,164,631$1,693,159$3,879,921
69$5,138,988$2,225,033$1,704,214$4,173,278
70$5,616,061$2,286,955$1,714,201$4,493,651
71$6,140,311$2,350,429$1,723,039$4,843,716
72$6,716,505$2,415,481$1,730,643$5,226,422
73$7,349,891$2,482,143$1,736,923$5,645,017
74$8,046,255$2,550,443$1,741,784$6,103,077
75$8,811,968$2,620,410$1,745,129$6,604,542
76$9,654,051$2,692,072$1,746,853$7,153,750
77$10,580,239$2,765,458$1,746,848$7,755,481
78$11,599,055$2,840,597$1,744,999$8,415,001
79$12,719,888$2,917,517$1,741,186$9,138,110
80$13,953,085$2,996,243$1,735,284$9,931,196
81$15,310,045$3,076,804$1,727,161$10,801,299
82$16,803,328$3,159,226$1,716,679$11,756,174
83$18,446,772$3,243,533$1,703,693$12,804,364
84$20,255,628$3,329,751$1,688,052$13,955,282
85$22,246,696$3,417,903$1,669,595$15,219,299
86$24,438,491$3,508,011$1,648,158$16,607,840
87$26,851,411$3,600,098$1,623,566$18,133,494
88$29,507,935$3,694,184$1,595,636$19,810,132
89$32,432,832$3,790,286$1,564,177$21,653,037
90$35,653,394$3,888,423$1,528,990$23,679,049
91$39,199,694$3,988,609$1,489,865$25,906,722
92$43,104,870$4,090,859$1,446,583$28,356,501
93$47,405,439$4,195,183$1,398,916$31,050,914
94$52,141,638$4,301,591$1,346,624$34,014,783
95$57,357,806$4,410,090$1,289,456$37,275,462
96$63,102,801$4,520,684$1,227,152$40,863,090
97$69,430,463$4,633,373$1,159,437$44,810,878
98$76,400,117$4,748,156$1,086,026$49,155,424
99$84,077,141$4,865,027$1,006,620$53,937,054
100$92,533,574$4,983,978$920,906$59,200,207