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%16.4%
1 years$120,565$119,492$118,444$117,421$116,422$113,378
2 years$59,686$58,574$57,497$56,452$55,439$52,393
3 years$39,395$38,279$37,204$36,170$35,173$32,220
4 years$29,252$28,139$27,075$26,058$25,086$22,248
5 years$23,168$22,061$21,011$20,015$19,070$16,356
6 years$19,113$18,015$16,980$16,006$15,089$12,502
7 years$16,217$15,129$14,111$13,160$12,272$9,811
8 years$14,047$12,968$11,967$11,039$10,180$7,846
9 years$12,360$11,291$10,307$9,403$8,573$6,362
10 years$11,011$9,953$8,986$8,106$7,305$5,214
11 years$9,908$8,860$7,911$7,054$6,283$4,309
12 years$8,989$7,952$7,021$6,188$5,444$3,585
13 years$8,213$7,187$6,273$5,463$4,748$2,999
14 years$7,548$6,532$5,636$4,849$4,162$2,519
15 years$6,972$5,968$5,089$4,325$3,664$2,123
16 years$6,468$5,475$4,614$3,872$3,238$1,795
17 years$6,025$5,042$4,198$3,479$2,871$1,522
18 years$5,631$4,659$3,832$3,135$2,553$1,292
19 years$5,279$4,318$3,508$2,833$2,276$1,100
20 years$4,962$4,013$3,220$2,566$2,033$937
21 years$4,676$3,738$2,962$2,329$1,819$799
22 years$4,416$3,489$2,730$2,117$1,631$682
23 years$4,180$3,263$2,520$1,928$1,464$583
24 years$3,963$3,057$2,331$1,759$1,316$499
25 years$3,764$2,869$2,159$1,606$1,184$427
26 years$3,581$2,697$2,002$1,469$1,066$366
27 years$3,411$2,538$1,859$1,344$961$313
28 years$3,254$2,391$1,728$1,232$867$268
29 years$3,108$2,256$1,608$1,129$783$230
30 years$2,972$2,131$1,498$1,037$708$197
31 years$2,845$2,014$1,397$952$640$169
32 years$2,726$1,906$1,303$875$579$145
33 years$2,615$1,805$1,217$805$524$125
34 years$2,510$1,710$1,137$740$474$107
35 years$2,412$1,622$1,063$681$430$92
36 years$2,319$1,540$994$628$389$79
37 years$2,231$1,463$931$578$353$68
38 years$2,149$1,390$872$533$320$58
39 years$2,070$1,322$817$491$290$50
40 years$1,996$1,257$765$453$263$43
41 years$1,926$1,197$718$418$239$37
42 years$1,859$1,140$673$386$217$32
43 years$1,795$1,086$632$356$197$27
44 years$1,735$1,035$593$329$178$23
45 years$1,677$987$557$304$162$20
46 years$1,622$942$523$281$147$17
47 years$1,570$899$491$259$134$15
48 years$1,519$858$462$240$121$13
49 years$1,471$819$434$221$110$11
50 years$1,425$783$408$205$100$9

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 $3,985 every year, while hoping to spend $39,676 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: 76/17/7 Blend
54$1,460,000$1,460,000$1,460,000$1,460,000
55$1,613,031$1,535,651$1,513,021$1,733,895
56$1,735,345$1,568,682$1,521,492$1,846,924
57$1,868,805$1,602,003$1,528,917$1,965,297
58$2,014,507$1,635,585$1,535,219$2,093,890
59$2,173,655$1,669,397$1,540,318$2,233,704
60$2,347,577$1,703,407$1,544,128$2,385,836
61$2,537,734$1,737,578$1,546,560$2,551,499
62$2,745,734$1,771,870$1,547,521$2,732,025
63$2,973,348$1,806,241$1,546,912$2,928,883
64$3,222,527$1,840,644$1,544,631$3,143,691
65$3,495,418$1,875,029$1,540,569$3,378,231
66$3,794,385$1,909,340$1,534,613$3,634,465
67$4,122,034$1,943,520$1,526,644$3,914,556
68$4,481,233$1,977,503$1,516,538$4,220,886
69$4,875,141$2,011,223$1,504,164$4,556,080
70$5,307,237$2,044,605$1,489,385$4,923,029
71$5,781,354$2,077,569$1,472,059$5,324,917
72$6,301,714$2,110,032$1,452,034$5,765,256
73$6,872,966$2,141,901$1,429,155$6,247,912
74$7,500,233$2,173,078$1,403,256$6,777,146
75$8,189,157$2,203,460$1,374,166$7,357,652
76$8,945,955$2,232,932$1,341,703$7,994,604
77$9,777,473$2,261,377$1,305,681$8,693,701
78$10,691,256$2,288,665$1,265,902$9,461,226
79$11,695,613$2,314,658$1,222,159$10,304,098
80$12,799,701$2,339,212$1,174,237$11,229,945
81$14,013,607$2,362,170$1,121,910$12,247,171
82$15,348,444$2,383,365$1,064,943$13,365,036
83$16,816,456$2,402,621$1,003,089$14,593,747
84$18,431,132$2,419,748$936,091$15,944,550
85$20,207,337$2,434,545$863,679$17,429,836
86$22,161,446$2,446,798$785,573$19,063,265
87$24,311,503$2,456,280$701,479$20,859,885
88$26,677,387$2,462,749$611,090$22,836,281
89$29,281,004$2,465,947$514,085$25,010,731
90$32,146,490$2,465,601$410,129$27,403,377
91$35,300,437$2,461,422$298,875$30,036,414
92$38,772,151$2,453,100$179,956$32,934,303
93$42,593,917$2,440,309$52,991$36,124,001
94$46,801,315$2,422,702$0$39,635,214
95$51,433,546$2,399,912$0$43,506,842
96$56,533,807$2,371,547$0$47,773,425
97$62,149,697$2,337,194$0$52,470,792
98$68,333,665$2,296,416$0$57,642,792
99$75,143,506$2,248,747$0$63,337,747
100$82,642,904$2,193,697$0$69,608,906