Can I retire at age 55 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$120,565$119,492$118,444$117,421$116,422$111,892
2 years$59,686$58,574$57,497$56,452$55,439$50,929
3 years$39,395$38,279$37,204$36,170$35,173$30,826
4 years$29,252$28,139$27,075$26,058$25,086$20,934
5 years$23,168$22,061$21,011$20,015$19,070$15,125
6 years$19,113$18,015$16,980$16,006$15,089$11,354
7 years$16,217$15,129$14,111$13,160$12,272$8,744
8 years$14,047$12,968$11,967$11,039$10,180$6,857
9 years$12,360$11,291$10,307$9,403$8,573$5,450
10 years$11,011$9,953$8,986$8,106$7,305$4,375
11 years$9,908$8,860$7,911$7,054$6,283$3,539
12 years$8,989$7,952$7,021$6,188$5,444$2,881
13 years$8,213$7,187$6,273$5,463$4,748$2,356
14 years$7,548$6,532$5,636$4,849$4,162$1,934
15 years$6,972$5,968$5,089$4,325$3,664$1,593
16 years$6,468$5,475$4,614$3,872$3,238$1,315
17 years$6,025$5,042$4,198$3,479$2,871$1,088
18 years$5,631$4,659$3,832$3,135$2,553$902
19 years$5,279$4,318$3,508$2,833$2,276$748
20 years$4,962$4,013$3,220$2,566$2,033$622
21 years$4,676$3,738$2,962$2,329$1,819$517
22 years$4,416$3,489$2,730$2,117$1,631$430
23 years$4,180$3,263$2,520$1,928$1,464$358
24 years$3,963$3,057$2,331$1,759$1,316$298
25 years$3,764$2,869$2,159$1,606$1,184$249
26 years$3,581$2,697$2,002$1,469$1,066$207
27 years$3,411$2,538$1,859$1,344$961$173
28 years$3,254$2,391$1,728$1,232$867$144
29 years$3,108$2,256$1,608$1,129$783$120
30 years$2,972$2,131$1,498$1,037$708$101
31 years$2,845$2,014$1,397$952$640$84
32 years$2,726$1,906$1,303$875$579$70
33 years$2,615$1,805$1,217$805$524$59
34 years$2,510$1,710$1,137$740$474$49
35 years$2,412$1,622$1,063$681$430$41
36 years$2,319$1,540$994$628$389$34
37 years$2,231$1,463$931$578$353$28
38 years$2,149$1,390$872$533$320$24
39 years$2,070$1,322$817$491$290$20
40 years$1,996$1,257$765$453$263$17
41 years$1,926$1,197$718$418$239$14
42 years$1,859$1,140$673$386$217$12
43 years$1,795$1,086$632$356$197$10
44 years$1,735$1,035$593$329$178$8
45 years$1,677$987$557$304$162$7
46 years$1,622$942$523$281$147$6
47 years$1,570$899$491$259$134$5
48 years$1,519$858$462$240$121$4
49 years$1,471$819$434$221$110$3
50 years$1,425$783$408$205$100$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,460,000, adding $3,356 every year, while hoping to spend $37,137 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: 46/35/19 Blend
54$1,460,000$1,460,000$1,460,000$1,460,000
55$1,612,382$1,535,002$1,512,372$1,677,657
56$1,737,331$1,570,703$1,523,523$1,759,321
57$1,873,781$1,606,910$1,533,803$1,843,890
58$2,022,864$1,643,606$1,543,143$1,934,861
59$2,185,830$1,680,777$1,551,472$2,032,847
60$2,364,052$1,718,402$1,558,714$2,138,524
61$2,559,044$1,756,462$1,564,789$2,252,636
62$2,772,472$1,794,934$1,569,615$2,376,001
63$3,006,170$1,833,792$1,573,103$2,509,525
64$3,262,159$1,873,007$1,575,161$2,654,201
65$3,542,663$1,912,548$1,575,693$2,811,129
66$3,850,133$1,952,382$1,574,597$2,981,518
67$4,187,268$1,992,470$1,571,768$3,166,700
68$4,557,041$2,032,772$1,567,093$3,368,147
69$4,962,724$2,073,243$1,560,455$3,587,479
70$5,407,924$2,113,834$1,551,733$3,826,481
71$5,896,613$2,154,492$1,540,797$4,087,123
72$6,433,166$2,195,161$1,527,512$4,371,575
73$7,022,403$2,235,779$1,511,738$4,682,230
74$7,669,634$2,276,277$1,493,327$5,021,727
75$8,380,707$2,316,585$1,472,124$5,392,973
76$9,162,066$2,356,625$1,447,967$5,799,174
77$10,020,808$2,396,311$1,420,686$6,243,865
78$10,964,756$2,435,556$1,390,104$6,730,942
79$12,002,523$2,474,260$1,356,034$7,264,701
80$13,143,603$2,512,321$1,318,284$7,849,877
81$14,398,453$2,549,627$1,276,649$8,491,692
82$15,778,595$2,586,059$1,230,916$9,195,899
83$17,296,723$2,621,487$1,180,863$9,968,844
84$18,966,825$2,655,776$1,126,259$10,817,521
85$20,804,311$2,688,779$1,066,858$11,749,642
86$22,826,161$2,720,340$1,002,409$12,773,705
87$25,051,084$2,750,291$932,644$13,899,083
88$27,499,694$2,778,455$857,286$15,136,104
89$30,194,704$2,804,640$776,047$16,496,156
90$33,161,142$2,828,645$688,622$17,991,793
91$36,426,583$2,850,253$594,695$19,636,852
92$40,021,413$2,869,235$493,937$21,446,587
93$43,979,116$2,885,346$386,002$23,437,813
94$48,336,582$2,898,324$270,530$25,629,067
95$53,134,465$2,907,894$147,144$28,040,780
96$58,417,561$2,913,761$15,454$30,695,475
97$64,235,228$2,915,612$0$33,617,978
98$70,641,859$2,913,114$0$36,861,015
99$77,697,387$2,905,915$0$40,434,384
100$85,467,856$2,893,640$0$44,368,288