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%17.4%
1 years$118,914$117,855$116,821$115,813$114,828$111,375
2 years$58,868$57,772$56,709$55,679$54,680$51,230
3 years$38,856$37,755$36,695$35,674$34,691$31,353
4 years$28,851$27,754$26,704$25,701$24,742$21,541
5 years$22,850$21,759$20,724$19,741$18,808$15,753
6 years$18,851$17,768$16,748$15,787$14,883$11,976
7 years$15,995$14,922$13,917$12,979$12,103$9,345
8 years$13,855$12,791$11,803$10,888$10,041$7,429
9 years$12,191$11,136$10,166$9,274$8,456$5,988
10 years$10,860$9,816$8,863$7,994$7,205$4,877
11 years$9,772$8,739$7,803$6,958$6,196$4,005
12 years$8,866$7,843$6,925$6,103$5,370$3,310
13 years$8,100$7,088$6,187$5,388$4,683$2,750
14 years$7,444$6,443$5,559$4,783$4,105$2,294
15 years$6,876$5,886$5,019$4,265$3,614$1,920
16 years$6,380$5,400$4,550$3,819$3,194$1,612
17 years$5,942$4,973$4,141$3,431$2,832$1,356
18 years$5,554$4,596$3,780$3,092$2,518$1,143
19 years$5,206$4,259$3,460$2,794$2,245$966
20 years$4,894$3,958$3,176$2,531$2,005$816
21 years$4,612$3,687$2,921$2,297$1,794$691
22 years$4,356$3,441$2,692$2,088$1,608$586
23 years$4,123$3,218$2,486$1,902$1,444$497
24 years$3,909$3,016$2,299$1,735$1,298$421
25 years$3,713$2,830$2,129$1,584$1,168$358
26 years$3,532$2,660$1,975$1,448$1,052$304
27 years$3,364$2,503$1,834$1,326$948$258
28 years$3,209$2,359$1,705$1,215$856$220
29 years$3,065$2,225$1,586$1,114$773$187
30 years$2,931$2,101$1,478$1,022$698$159
31 years$2,806$1,986$1,378$939$631$135
32 years$2,689$1,880$1,285$863$571$115
33 years$2,579$1,780$1,200$794$517$98
34 years$2,476$1,687$1,121$730$468$83
35 years$2,379$1,600$1,048$672$424$71
36 years$2,287$1,519$981$619$384$60
37 years$2,201$1,442$918$570$348$51
38 years$2,119$1,371$860$526$315$44
39 years$2,042$1,304$805$485$286$37
40 years$1,969$1,240$755$447$259$32
41 years$1,899$1,181$708$412$235$27
42 years$1,833$1,124$664$381$214$23
43 years$1,771$1,071$623$351$194$20
44 years$1,711$1,021$585$324$176$17
45 years$1,654$974$549$300$160$14
46 years$1,600$929$516$277$145$12
47 years$1,548$886$485$256$132$10
48 years$1,499$846$455$236$120$9
49 years$1,451$808$428$218$109$7
50 years$1,406$772$402$202$99$6

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 $2,327 every year, while hoping to spend $23,350 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: 62/20/18 Blend
54$1,440,000$1,440,000$1,440,000$1,440,000
55$1,589,280$1,512,960$1,490,640$1,680,393
56$1,726,543$1,562,251$1,515,733$1,791,339
57$1,877,023$1,613,175$1,540,883$1,909,578
58$2,042,046$1,665,786$1,566,068$2,038,115
59$2,223,067$1,720,143$1,591,265$2,177,954
60$2,421,695$1,776,304$1,616,447$2,330,199
61$2,639,696$1,834,332$1,641,586$2,496,067
62$2,879,019$1,894,288$1,666,654$2,676,897
63$3,141,811$1,956,240$1,691,618$2,874,163
64$3,430,436$2,020,256$1,716,447$3,089,489
65$3,747,497$2,086,405$1,741,105$3,324,662
66$4,095,863$2,154,761$1,765,554$3,581,651
67$4,478,696$2,225,399$1,789,755$3,862,624
68$4,899,477$2,298,397$1,813,666$4,169,969
69$5,362,043$2,373,838$1,837,242$4,506,315
70$5,870,618$2,451,803$1,860,437$4,874,559
71$6,429,861$2,532,381$1,883,201$5,277,892
72$7,044,900$2,615,661$1,905,481$5,719,826
73$7,721,387$2,701,736$1,927,223$6,204,234
74$8,465,551$2,790,702$1,948,366$6,735,380
75$9,284,251$2,882,661$1,968,851$7,317,960
76$10,185,048$2,977,715$1,988,611$7,957,151
77$11,176,271$3,075,971$2,007,577$8,658,652
78$12,267,098$3,177,541$2,025,678$9,428,744
79$13,467,641$3,282,539$2,042,838$10,274,346
80$14,789,042$3,391,085$2,058,974$11,203,081
81$16,243,579$3,503,303$2,074,004$12,223,348
82$17,844,779$3,619,320$2,087,839$13,344,400
83$19,607,548$3,739,269$2,100,384$14,576,433
84$21,548,313$3,863,287$2,111,541$15,930,678
85$23,685,170$3,991,518$2,121,207$17,419,513
86$26,038,063$4,124,108$2,129,272$19,056,573
87$28,628,966$4,261,210$2,135,624$20,856,885
88$31,482,095$4,402,984$2,140,142$22,837,003
89$34,624,132$4,549,593$2,142,700$25,015,170
90$38,084,479$4,701,208$2,143,166$27,411,485
91$41,895,534$4,858,006$2,141,401$30,048,096
92$46,093,001$5,020,170$2,137,259$32,949,408
93$50,716,218$5,187,890$2,130,589$36,142,310
94$55,808,539$5,361,363$2,121,230$39,656,436
95$61,417,732$5,540,793$2,109,014$43,524,434
96$67,596,441$5,726,391$2,093,765$47,782,284
97$74,402,672$5,918,378$2,075,300$52,469,631
98$81,900,347$6,116,982$2,053,426$57,630,161
99$90,159,906$6,322,437$2,027,939$63,312,013
100$99,258,970$6,534,991$1,998,629$69,568,234