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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.6%
1 years$118,088$117,036$116,010$115,008$114,030$112,792
2 years$58,459$57,371$56,316$55,292$54,300$53,054
3 years$38,586$37,492$36,440$35,426$34,450$33,234
4 years$28,651$27,561$26,519$25,523$24,570$23,394
5 years$22,692$21,608$20,580$19,604$18,678$17,544
6 years$18,720$17,645$16,631$15,677$14,779$13,690
7 years$15,884$14,818$13,821$12,889$12,019$10,975
8 years$13,758$12,702$11,721$10,812$9,971$8,972
9 years$12,106$11,059$10,095$9,210$8,397$7,442
10 years$10,785$9,748$8,801$7,939$7,155$6,243
11 years$9,704$8,678$7,749$6,909$6,153$5,285
12 years$8,805$7,789$6,877$6,060$5,332$4,506
13 years$8,044$7,039$6,144$5,350$4,650$3,865
14 years$7,393$6,398$5,520$4,749$4,076$3,331
15 years$6,828$5,845$4,984$4,236$3,589$2,883
16 years$6,335$5,363$4,519$3,793$3,172$2,503
17 years$5,901$4,939$4,112$3,408$2,812$2,180
18 years$5,515$4,564$3,754$3,071$2,501$1,903
19 years$5,170$4,230$3,436$2,775$2,229$1,666
20 years$4,860$3,930$3,154$2,513$1,991$1,460
21 years$4,580$3,661$2,901$2,281$1,782$1,282
22 years$4,326$3,417$2,674$2,074$1,597$1,127
23 years$4,094$3,196$2,469$1,889$1,434$992
24 years$3,882$2,995$2,283$1,723$1,289$874
25 years$3,687$2,810$2,114$1,573$1,159$771
26 years$3,507$2,641$1,961$1,438$1,044$681
27 years$3,341$2,486$1,821$1,317$942$601
28 years$3,187$2,342$1,693$1,206$850$532
29 years$3,044$2,210$1,575$1,106$767$470
30 years$2,911$2,087$1,467$1,015$693$416
31 years$2,786$1,973$1,368$932$627$368
32 years$2,670$1,867$1,276$857$567$326
33 years$2,561$1,768$1,192$788$513$289
34 years$2,458$1,675$1,114$725$465$256
35 years$2,362$1,589$1,041$667$421$227
36 years$2,271$1,508$974$615$381$201
37 years$2,185$1,432$912$566$346$178
38 years$2,104$1,361$854$522$313$158
39 years$2,028$1,295$800$481$284$140
40 years$1,955$1,232$750$444$258$124
41 years$1,886$1,172$703$410$234$110
42 years$1,821$1,117$659$378$212$98
43 years$1,758$1,064$619$349$192$87
44 years$1,699$1,014$581$322$175$77
45 years$1,643$967$545$298$159$68
46 years$1,589$922$512$275$144$61
47 years$1,537$880$481$254$131$54
48 years$1,488$840$452$235$119$48
49 years$1,441$803$425$217$108$43
50 years$1,396$767$400$200$98$38

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 $2,914 every year, while hoping to spend $24,199 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: 58/18/24 Blend
54$1,430,000$1,430,000$1,430,000$1,430,000
55$1,578,866$1,503,076$1,480,911$1,660,055
56$1,714,163$1,550,979$1,504,774$1,763,681
57$1,862,449$1,600,418$1,528,625$1,873,773
58$2,025,023$1,651,444$1,552,439$1,993,289
59$2,203,317$1,704,106$1,576,187$2,123,147
60$2,398,907$1,758,459$1,599,841$2,264,358
61$2,613,530$1,814,557$1,623,370$2,418,034
62$2,849,096$1,872,457$1,646,739$2,585,400
63$3,107,713$1,932,217$1,669,914$2,767,805
64$3,391,702$1,993,897$1,692,858$2,966,733
65$3,703,618$2,057,561$1,715,531$3,183,821
66$4,046,277$2,123,271$1,737,892$3,420,870
67$4,422,782$2,191,096$1,759,896$3,679,865
68$4,836,549$2,261,103$1,781,495$3,962,992
69$5,291,344$2,333,364$1,802,642$4,272,658
70$5,791,314$2,407,952$1,823,284$4,611,514
71$6,341,028$2,484,942$1,843,365$4,982,483
72$6,945,523$2,564,414$1,862,827$5,388,783
73$7,610,343$2,646,447$1,881,609$5,833,960
74$8,341,602$2,731,126$1,899,646$6,321,918
75$9,146,031$2,818,537$1,916,870$6,856,962
76$10,031,049$2,908,769$1,933,209$7,443,832
77$11,004,832$3,001,915$1,948,587$8,087,752
78$12,076,385$3,098,069$1,962,924$8,794,476
79$13,255,632$3,197,329$1,976,138$9,570,345
80$14,553,506$3,299,799$1,988,138$10,422,345
81$15,982,057$3,405,582$1,998,834$11,358,174
82$17,554,559$3,514,787$2,008,127$12,386,313
83$19,285,639$3,627,527$2,015,914$13,516,108
84$21,191,415$3,743,917$2,022,089$14,757,855
85$23,289,649$3,864,078$2,026,538$16,122,901
86$25,599,908$3,988,133$2,029,142$17,623,748
87$28,143,757$4,116,210$2,029,777$19,274,172
88$30,944,958$4,248,442$2,028,312$21,089,353
89$34,029,693$4,384,965$2,024,609$23,086,018
90$37,426,814$4,525,920$2,018,526$25,282,600
91$41,168,113$4,671,455$2,009,911$27,699,409
92$45,288,623$4,821,719$1,998,606$30,358,825
93$49,826,948$4,976,868$1,984,445$33,285,513
94$54,825,628$5,137,066$1,967,254$36,506,647
95$60,331,537$5,302,477$1,946,852$40,052,177
96$66,396,330$5,473,275$1,923,048$43,955,102
97$73,076,927$5,649,637$1,895,642$48,251,789
98$80,436,054$5,831,749$1,864,426$52,982,312
99$88,542,827$6,019,801$1,829,180$58,190,829
100$97,473,414$6,213,989$1,789,676$63,926,005