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

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$120,565$119,492$118,444$117,421$116,422$113,104
2 years$59,686$58,574$57,497$56,452$55,439$52,122
3 years$39,395$38,279$37,204$36,170$35,173$31,960
4 years$29,252$28,139$27,075$26,058$25,086$22,002
5 years$23,168$22,061$21,011$20,015$19,070$16,125
6 years$19,113$18,015$16,980$16,006$15,089$12,285
7 years$16,217$15,129$14,111$13,160$12,272$9,608
8 years$14,047$12,968$11,967$11,039$10,180$7,656
9 years$12,360$11,291$10,307$9,403$8,573$6,186
10 years$11,011$9,953$8,986$8,106$7,305$5,051
11 years$9,908$8,860$7,911$7,054$6,283$4,158
12 years$8,989$7,952$7,021$6,188$5,444$3,446
13 years$8,213$7,187$6,273$5,463$4,748$2,870
14 years$7,548$6,532$5,636$4,849$4,162$2,401
15 years$6,972$5,968$5,089$4,325$3,664$2,016
16 years$6,468$5,475$4,614$3,872$3,238$1,697
17 years$6,025$5,042$4,198$3,479$2,871$1,432
18 years$5,631$4,659$3,832$3,135$2,553$1,211
19 years$5,279$4,318$3,508$2,833$2,276$1,026
20 years$4,962$4,013$3,220$2,566$2,033$870
21 years$4,676$3,738$2,962$2,329$1,819$739
22 years$4,416$3,489$2,730$2,117$1,631$628
23 years$4,180$3,263$2,520$1,928$1,464$534
24 years$3,963$3,057$2,331$1,759$1,316$455
25 years$3,764$2,869$2,159$1,606$1,184$387
26 years$3,581$2,697$2,002$1,469$1,066$330
27 years$3,411$2,538$1,859$1,344$961$281
28 years$3,254$2,391$1,728$1,232$867$240
29 years$3,108$2,256$1,608$1,129$783$205
30 years$2,972$2,131$1,498$1,037$708$175
31 years$2,845$2,014$1,397$952$640$149
32 years$2,726$1,906$1,303$875$579$127
33 years$2,615$1,805$1,217$805$524$109
34 years$2,510$1,710$1,137$740$474$93
35 years$2,412$1,622$1,063$681$430$79
36 years$2,319$1,540$994$628$389$68
37 years$2,231$1,463$931$578$353$58
38 years$2,149$1,390$872$533$320$49
39 years$2,070$1,322$817$491$290$42
40 years$1,996$1,257$765$453$263$36
41 years$1,926$1,197$718$418$239$31
42 years$1,859$1,140$673$386$217$26
43 years$1,795$1,086$632$356$197$23
44 years$1,735$1,035$593$329$178$19
45 years$1,677$987$557$304$162$16
46 years$1,622$942$523$281$147$14
47 years$1,570$899$491$259$134$12
48 years$1,519$858$462$240$121$10
49 years$1,471$819$434$221$110$9
50 years$1,425$783$408$205$100$7

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 $4,079 every year, while hoping to spend $39,556 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: 30/42/28 Blend
54$1,460,000$1,460,000$1,460,000$1,460,000
55$1,613,127$1,535,747$1,513,117$1,647,531
56$1,735,579$1,568,912$1,521,720$1,707,918
57$1,869,195$1,602,375$1,529,284$1,769,104
58$2,015,073$1,636,111$1,535,735$1,834,144
59$2,174,419$1,670,090$1,540,991$1,903,400
60$2,348,564$1,704,278$1,544,968$1,977,274
61$2,538,970$1,738,641$1,547,577$2,056,208
62$2,747,250$1,773,139$1,548,726$2,140,691
63$2,975,177$1,807,731$1,548,316$2,231,262
64$3,224,706$1,842,370$1,546,246$2,328,518
65$3,497,988$1,877,008$1,542,406$2,433,118
66$3,797,392$1,911,590$1,536,686$2,545,788
67$4,125,527$1,946,060$1,528,966$2,667,332
68$4,485,267$1,980,353$1,519,123$2,798,635
69$4,879,777$2,014,403$1,507,027$2,940,678
70$5,312,544$2,048,138$1,492,541$3,094,542
71$5,787,405$2,081,479$1,475,524$3,261,420
72$6,308,592$2,114,343$1,455,825$3,442,631
73$6,880,762$2,146,639$1,433,289$3,639,630
74$7,509,047$2,178,272$1,407,752$3,854,024
75$8,199,101$2,209,138$1,379,042$4,087,587
76$8,957,150$2,239,127$1,346,981$4,342,277
77$9,790,055$2,268,120$1,311,380$4,620,256
78$10,705,373$2,295,991$1,272,044$4,923,911
79$11,711,431$2,322,604$1,228,768$5,255,874
80$12,817,402$2,347,816$1,181,336$5,619,054
81$14,033,390$2,371,472$1,129,524$6,016,658
82$15,370,531$2,393,409$1,073,098$6,452,228
83$16,841,091$2,413,452$1,011,812$6,929,670
84$18,458,585$2,431,414$945,411$7,453,297
85$20,237,904$2,447,097$873,625$8,027,868
86$22,195,454$2,460,289$796,176$8,658,631
87$24,349,313$2,470,766$712,771$9,351,381
88$26,719,399$2,478,289$623,104$10,112,508
89$29,327,656$2,482,604$526,857$10,949,063
90$32,198,267$2,483,441$423,696$11,868,827
91$35,357,874$2,480,513$313,274$12,880,380
92$38,835,836$2,473,517$195,227$13,993,189
93$42,664,500$2,462,129$69,177$15,217,697
94$46,879,512$2,446,006$0$16,565,422
95$51,520,147$2,424,785$0$18,068,592
96$56,629,683$2,398,080$0$19,745,022
97$62,255,808$2,365,483$0$21,589,608
98$68,451,069$2,326,561$0$23,619,531
99$75,273,370$2,280,854$0$25,853,730
100$82,786,514$2,227,876$0$28,313,084