Can I retire at age 55 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$119,740$118,673$117,632$116,617$115,625$113,850
2 years$59,277$58,173$57,103$56,066$55,060$53,276
3 years$39,125$38,017$36,950$35,922$34,932$33,195
4 years$29,052$27,946$26,890$25,880$24,914$23,236
5 years$23,009$21,910$20,868$19,878$18,939$17,326
6 years$18,982$17,891$16,864$15,897$14,986$13,440
7 years$16,106$15,025$14,014$13,070$12,188$10,709
8 years$13,951$12,879$11,885$10,964$10,111$8,699
9 years$12,275$11,214$10,237$9,339$8,515$7,169
10 years$10,935$9,884$8,925$8,050$7,255$5,974
11 years$9,840$8,799$7,857$7,006$6,239$5,023
12 years$8,928$7,898$6,973$6,145$5,407$4,252
13 years$8,156$7,137$6,230$5,425$4,715$3,621
14 years$7,496$6,488$5,598$4,816$4,133$3,098
15 years$6,924$5,927$5,054$4,295$3,639$2,661
16 years$6,424$5,438$4,582$3,846$3,216$2,293
17 years$5,983$5,008$4,169$3,455$2,852$1,982
18 years$5,592$4,627$3,806$3,114$2,536$1,717
19 years$5,242$4,289$3,484$2,814$2,260$1,490
20 years$4,928$3,985$3,198$2,548$2,019$1,296
21 years$4,644$3,712$2,941$2,313$1,807$1,128
22 years$4,386$3,465$2,711$2,103$1,619$984
23 years$4,151$3,241$2,503$1,915$1,454$859
24 years$3,936$3,036$2,315$1,747$1,307$750
25 years$3,738$2,850$2,144$1,595$1,176$656
26 years$3,556$2,678$1,989$1,459$1,059$574
27 years$3,388$2,520$1,846$1,335$955$503
28 years$3,232$2,375$1,717$1,223$862$440
29 years$3,087$2,241$1,597$1,122$778$386
30 years$2,952$2,116$1,488$1,029$703$339
31 years$2,825$2,000$1,387$945$635$297
32 years$2,707$1,893$1,294$869$575$261
33 years$2,597$1,792$1,208$799$520$229
34 years$2,493$1,699$1,129$735$471$201
35 years$2,395$1,611$1,056$677$427$176
36 years$2,303$1,529$988$623$387$155
37 years$2,216$1,453$924$574$350$136
38 years$2,134$1,380$866$529$318$120
39 years$2,056$1,313$811$488$288$105
40 years$1,982$1,249$760$450$261$92
41 years$1,912$1,189$713$415$237$81
42 years$1,846$1,132$669$383$215$71
43 years$1,783$1,079$627$354$195$63
44 years$1,723$1,028$589$327$177$55
45 years$1,666$981$553$302$161$48
46 years$1,611$935$519$279$146$43
47 years$1,559$893$488$257$133$37
48 years$1,509$852$458$238$120$33
49 years$1,461$814$431$220$109$29
50 years$1,416$777$405$203$99$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,450,000, adding $5,459 every year, while hoping to spend $35,784 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: 69/7/24 Blend
54$1,450,000$1,450,000$1,450,000$1,450,000
55$1,603,531$1,526,681$1,504,206$1,704,039
56$1,729,017$1,563,414$1,516,523$1,808,786
57$1,866,104$1,600,749$1,528,053$1,918,724
58$2,015,936$1,638,675$1,538,733$2,038,188
59$2,179,775$1,677,184$1,548,494$2,168,122
60$2,359,009$1,716,263$1,557,266$2,309,561
61$2,555,168$1,755,899$1,564,974$2,463,649
62$2,769,934$1,796,077$1,571,539$2,631,647
63$3,005,162$1,836,780$1,576,880$2,814,941
64$3,262,893$1,877,986$1,580,910$3,015,062
65$3,545,375$1,919,675$1,583,538$3,233,695
66$3,855,085$1,961,821$1,584,668$3,472,697
67$4,194,750$2,004,396$1,584,201$3,734,116
68$4,567,374$2,047,371$1,582,031$4,020,207
69$4,976,266$2,090,712$1,578,049$4,333,457
70$5,425,069$2,134,381$1,572,138$4,676,606
71$5,917,799$2,178,339$1,564,177$5,052,673
72$6,458,878$2,222,541$1,554,041$5,464,986
73$7,053,177$2,266,938$1,541,594$5,917,213
74$7,706,063$2,311,480$1,526,699$6,413,397
75$8,423,447$2,356,108$1,509,209$6,957,991
76$9,211,842$2,400,761$1,488,971$7,555,907
77$10,078,423$2,445,371$1,465,825$8,212,555
78$11,031,095$2,489,867$1,439,603$8,933,900
79$12,078,567$2,534,171$1,410,130$9,726,513
80$13,230,433$2,578,198$1,377,222$10,597,640
81$14,497,266$2,621,858$1,340,687$11,555,265
82$15,890,711$2,665,053$1,300,324$12,608,186
83$17,423,601$2,707,678$1,255,923$13,766,101
84$19,110,075$2,749,621$1,207,263$15,039,700
85$20,965,711$2,790,762$1,154,115$16,440,760
86$23,007,675$2,830,970$1,096,238$17,982,266
87$25,254,877$2,870,107$1,033,382$19,678,526
88$27,728,157$2,908,025$965,283$21,545,309
89$30,450,477$2,944,565$891,668$23,599,995
90$33,447,135$2,979,559$812,248$25,861,737
91$36,746,010$3,012,824$726,726$28,351,647
92$40,377,819$3,044,169$634,787$31,092,990
93$44,376,410$3,073,386$536,106$34,111,407
94$48,779,079$3,100,257$430,340$37,435,156
95$53,626,922$3,124,547$317,134$41,095,382
96$58,965,226$3,146,007$196,115$45,126,409
97$64,843,889$3,164,372$66,896$49,566,063
98$71,317,899$3,179,360$0$54,456,035
99$78,447,846$3,190,669$0$59,860,453
100$86,300,496$3,197,982$0$65,831,232