Can I retire at age 55 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$121,391$120,310$119,255$118,225$117,220$113,970
2 years$60,095$58,975$57,891$56,839$55,819$52,569
3 years$39,665$38,541$37,459$36,417$35,414$32,266
4 years$29,452$28,332$27,261$26,237$25,257$22,235
5 years$23,326$22,212$21,155$20,152$19,200$16,312
6 years$19,244$18,138$17,097$16,116$15,193$12,441
7 years$16,329$15,232$14,207$13,250$12,356$9,741
8 years$14,143$13,057$12,049$11,115$10,250$7,772
9 years$12,444$11,368$10,378$9,467$8,632$6,287
10 years$11,086$10,021$9,048$8,161$7,355$5,140
11 years$9,976$8,921$7,965$7,103$6,326$4,237
12 years$9,051$8,007$7,069$6,230$5,482$3,516
13 years$8,269$7,236$6,316$5,500$4,780$2,932
14 years$7,599$6,577$5,675$4,882$4,190$2,457
15 years$7,020$6,008$5,124$4,354$3,689$2,065
16 years$6,513$5,513$4,645$3,899$3,261$1,741
17 years$6,066$5,077$4,227$3,503$2,891$1,471
18 years$5,669$4,691$3,859$3,157$2,571$1,246
19 years$5,315$4,348$3,532$2,852$2,291$1,057
20 years$4,996$4,040$3,242$2,583$2,047$898
21 years$4,708$3,763$2,982$2,345$1,831$763
22 years$4,447$3,513$2,748$2,132$1,642$650
23 years$4,208$3,286$2,538$1,942$1,474$554
24 years$3,990$3,078$2,347$1,771$1,325$472
25 years$3,790$2,889$2,174$1,617$1,192$403
26 years$3,605$2,715$2,016$1,479$1,074$344
27 years$3,435$2,555$1,872$1,353$968$294
28 years$3,276$2,408$1,740$1,240$873$251
29 years$3,129$2,271$1,619$1,137$789$214
30 years$2,992$2,145$1,508$1,044$713$183
31 years$2,864$2,028$1,406$958$644$157
32 years$2,745$1,919$1,312$881$583$134
33 years$2,633$1,817$1,225$810$527$115
34 years$2,527$1,722$1,145$745$478$98
35 years$2,428$1,633$1,070$686$433$84
36 years$2,335$1,550$1,001$632$392$72
37 years$2,247$1,473$937$582$355$61
38 years$2,163$1,399$877$537$322$53
39 years$2,084$1,331$822$495$292$45
40 years$2,010$1,266$771$456$265$38
41 years$1,939$1,205$723$421$240$33
42 years$1,872$1,148$678$389$218$28
43 years$1,808$1,094$636$359$198$24
44 years$1,747$1,042$597$331$180$21
45 years$1,689$994$561$306$163$18
46 years$1,633$948$526$283$148$15
47 years$1,580$905$495$261$134$13
48 years$1,530$864$465$241$122$11
49 years$1,481$825$437$223$111$9
50 years$1,435$788$411$206$101$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,470,000, adding $2,996 every year, while hoping to spend $50,234 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: 68/26/6 Blend
54$1,470,000$1,470,000$1,470,000$1,470,000
55$1,623,030$1,545,120$1,522,335$1,731,790
56$1,735,131$1,567,383$1,519,885$1,826,469
57$1,856,982$1,589,052$1,515,669$1,923,570
58$1,989,525$1,610,047$1,509,575$2,028,387
59$2,133,797$1,630,279$1,501,485$2,141,665
60$2,290,936$1,649,655$1,491,277$2,264,226
61$2,462,197$1,668,074$1,478,821$2,396,974
62$2,648,961$1,685,429$1,463,981$2,540,906
63$2,852,747$1,701,607$1,446,617$2,697,121
64$3,075,228$1,716,486$1,426,578$2,866,831
65$3,318,243$1,729,936$1,403,711$3,051,369
66$3,583,820$1,741,819$1,377,852$3,252,206
67$3,874,191$1,751,989$1,348,831$3,470,966
68$4,191,811$1,760,290$1,316,469$3,709,434
69$4,539,386$1,766,554$1,280,581$3,969,581
70$4,919,893$1,770,605$1,240,971$4,253,578
71$5,336,614$1,772,256$1,197,434$4,563,821
72$5,793,158$1,771,307$1,149,759$4,902,948
73$6,293,505$1,767,545$1,097,720$5,273,868
74$6,842,035$1,760,747$1,041,086$5,679,788
75$7,443,573$1,750,674$979,613$6,124,244
76$8,103,432$1,737,072$913,045$6,611,134
77$8,827,467$1,719,673$841,116$7,144,754
78$9,622,123$1,698,192$763,549$7,729,841
79$10,494,504$1,672,328$680,052$8,371,617
80$11,452,432$1,641,760$590,322$9,075,837
81$12,504,524$1,606,150$494,042$9,848,849
82$13,660,274$1,565,140$390,880$10,697,647
83$14,930,139$1,518,350$280,492$11,629,943
84$16,325,641$1,465,376$162,517$12,654,240
85$17,859,472$1,405,795$36,576$13,779,910
86$19,545,615$1,339,156$0$15,017,283
87$21,399,476$1,264,983$0$16,384,012
88$23,438,027$1,182,772$0$17,889,296
89$25,679,968$1,091,990$0$19,544,658
90$28,145,902$992,074$0$21,365,382
91$30,858,529$882,430$0$23,368,319
92$33,842,858$762,429$0$25,572,036
93$37,126,446$631,405$0$27,997,005
94$40,739,657$488,657$0$30,665,784
95$44,715,944$333,443$0$33,603,242
96$49,092,169$164,980$0$36,836,788
97$53,908,947$0$0$40,396,633
98$59,211,033$0$0$44,321,097
99$65,047,737$0$0$48,693,337
100$71,473,396$0$0$53,506,868