Can I retire at age 55 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$118,914$117,855$116,821$115,813$114,828$110,446
2 years$58,868$57,772$56,709$55,679$54,680$50,317
3 years$38,856$37,755$36,695$35,674$34,691$30,485
4 years$28,851$27,754$26,704$25,701$24,742$20,724
5 years$22,850$21,759$20,724$19,741$18,808$14,988
6 years$18,851$17,768$16,748$15,787$14,883$11,263
7 years$15,995$14,922$13,917$12,979$12,103$8,684
8 years$13,855$12,791$11,803$10,888$10,041$6,819
9 years$12,191$11,136$10,166$9,274$8,456$5,426
10 years$10,860$9,816$8,863$7,994$7,205$4,361
11 years$9,772$8,739$7,803$6,958$6,196$3,533
12 years$8,866$7,843$6,925$6,103$5,370$2,879
13 years$8,100$7,088$6,187$5,388$4,683$2,358
14 years$7,444$6,443$5,559$4,783$4,105$1,938
15 years$6,876$5,886$5,019$4,265$3,614$1,599
16 years$6,380$5,400$4,550$3,819$3,194$1,322
17 years$5,942$4,973$4,141$3,431$2,832$1,095
18 years$5,554$4,596$3,780$3,092$2,518$909
19 years$5,206$4,259$3,460$2,794$2,245$755
20 years$4,894$3,958$3,176$2,531$2,005$629
21 years$4,612$3,687$2,921$2,297$1,794$523
22 years$4,356$3,441$2,692$2,088$1,608$436
23 years$4,123$3,218$2,486$1,902$1,444$364
24 years$3,909$3,016$2,299$1,735$1,298$304
25 years$3,713$2,830$2,129$1,584$1,168$254
26 years$3,532$2,660$1,975$1,448$1,052$212
27 years$3,364$2,503$1,834$1,326$948$177
28 years$3,209$2,359$1,705$1,215$856$148
29 years$3,065$2,225$1,586$1,114$773$124
30 years$2,931$2,101$1,478$1,022$698$103
31 years$2,806$1,986$1,378$939$631$86
32 years$2,689$1,880$1,285$863$571$72
33 years$2,579$1,780$1,200$794$517$60
34 years$2,476$1,687$1,121$730$468$51
35 years$2,379$1,600$1,048$672$424$42
36 years$2,287$1,519$981$619$384$35
37 years$2,201$1,442$918$570$348$30
38 years$2,119$1,371$860$526$315$25
39 years$2,042$1,304$805$485$286$21
40 years$1,969$1,240$755$447$259$17
41 years$1,899$1,181$708$412$235$15
42 years$1,833$1,124$664$381$214$12
43 years$1,771$1,071$623$351$194$10
44 years$1,711$1,021$585$324$176$8
45 years$1,654$974$549$300$160$7
46 years$1,600$929$516$277$145$6
47 years$1,548$886$485$256$132$5
48 years$1,499$846$455$236$120$4
49 years$1,451$808$428$218$109$3
50 years$1,406$772$402$202$99$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,440,000, adding $3,155 every year, while hoping to spend $45,533 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: 86/6/8 Blend
54$1,440,000$1,440,000$1,440,000$1,440,000
55$1,590,134$1,513,814$1,491,494$1,725,295
56$1,703,881$1,539,545$1,493,013$1,839,666
57$1,827,704$1,565,009$1,493,056$1,958,764
58$1,962,583$1,590,148$1,491,526$2,088,194
59$2,109,596$1,614,894$1,488,322$2,228,965
60$2,269,929$1,639,179$1,483,335$2,382,189
61$2,444,889$1,662,925$1,476,453$2,549,088
62$2,635,912$1,686,053$1,467,559$2,731,012
63$2,844,582$1,708,476$1,456,529$2,929,443
64$3,072,640$1,730,102$1,443,233$3,146,017
65$3,322,003$1,750,832$1,427,536$3,382,533
66$3,594,785$1,770,560$1,409,296$3,640,976
67$3,893,309$1,789,173$1,388,363$3,923,528
68$4,220,136$1,806,553$1,364,583$4,232,597
69$4,578,086$1,822,569$1,337,792$4,570,832
70$4,970,262$1,837,087$1,307,820$4,941,155
71$5,400,085$1,849,960$1,274,488$5,346,780
72$5,871,319$1,861,034$1,237,609$5,791,253
73$6,388,113$1,870,143$1,196,988$6,278,478
74$6,955,034$1,877,114$1,152,421$6,812,756
75$7,577,114$1,881,759$1,103,693$7,398,826
76$8,259,896$1,883,881$1,050,583$8,041,911
77$9,009,483$1,883,269$992,855$8,747,763
78$9,832,601$1,879,700$930,267$9,522,722
79$10,736,658$1,872,937$862,562$10,373,774
80$11,729,815$1,862,729$789,476$11,308,613
81$12,821,061$1,848,807$710,728$12,335,722
82$14,020,300$1,830,890$626,029$13,464,443
83$15,338,444$1,808,677$535,074$14,705,076
84$16,787,513$1,781,850$437,546$16,068,964
85$18,380,750$1,750,071$333,115$17,568,612
86$20,132,746$1,712,984$221,434$19,217,795
87$22,059,576$1,670,210$102,142$21,031,697
88$24,178,951$1,621,349$0$23,027,045
89$26,510,386$1,565,977$0$25,224,423
90$29,075,380$1,503,644$0$27,651,441
91$31,897,623$1,433,877$0$30,321,793
92$35,003,216$1,356,173$0$33,260,183
93$38,420,919$1,270,000$0$36,493,834
94$42,182,420$1,174,797$0$40,052,743
95$46,322,635$1,069,970$0$43,969,963
96$50,880,036$954,891$0$48,281,914
97$55,897,016$828,897$0$53,028,733
98$61,420,285$691,286$0$58,254,642
99$67,501,313$541,319$0$64,008,375
100$74,196,816$378,212$0$70,343,632