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%13%
1 years$121,391$120,310$119,255$118,225$117,220$115,755
2 years$60,095$58,975$57,891$56,839$55,819$54,345
3 years$39,665$38,541$37,459$36,417$35,414$33,977
4 years$29,452$28,332$27,261$26,237$25,257$23,868
5 years$23,326$22,212$21,155$20,152$19,200$17,863
6 years$19,244$18,138$17,097$16,116$15,193$13,908
7 years$16,329$15,232$14,207$13,250$12,356$11,125
8 years$14,143$13,057$12,049$11,115$10,250$9,074
9 years$12,444$11,368$10,378$9,467$8,632$7,509
10 years$11,086$10,021$9,048$8,161$7,355$6,284
11 years$9,976$8,921$7,965$7,103$6,326$5,306
12 years$9,051$8,007$7,069$6,230$5,482$4,513
13 years$8,269$7,236$6,316$5,500$4,780$3,860
14 years$7,599$6,577$5,675$4,882$4,190$3,318
15 years$7,020$6,008$5,124$4,354$3,689$2,864
16 years$6,513$5,513$4,645$3,899$3,261$2,480
17 years$6,066$5,077$4,227$3,503$2,891$2,154
18 years$5,669$4,691$3,859$3,157$2,571$1,875
19 years$5,315$4,348$3,532$2,852$2,291$1,636
20 years$4,996$4,040$3,242$2,583$2,047$1,430
21 years$4,708$3,763$2,982$2,345$1,831$1,252
22 years$4,447$3,513$2,748$2,132$1,642$1,097
23 years$4,208$3,286$2,538$1,942$1,474$963
24 years$3,990$3,078$2,347$1,771$1,325$846
25 years$3,790$2,889$2,174$1,617$1,192$744
26 years$3,605$2,715$2,016$1,479$1,074$655
27 years$3,435$2,555$1,872$1,353$968$576
28 years$3,276$2,408$1,740$1,240$873$508
29 years$3,129$2,271$1,619$1,137$789$448
30 years$2,992$2,145$1,508$1,044$713$395
31 years$2,864$2,028$1,406$958$644$348
32 years$2,745$1,919$1,312$881$583$307
33 years$2,633$1,817$1,225$810$527$271
34 years$2,527$1,722$1,145$745$478$240
35 years$2,428$1,633$1,070$686$433$212
36 years$2,335$1,550$1,001$632$392$187
37 years$2,247$1,473$937$582$355$165
38 years$2,163$1,399$877$537$322$146
39 years$2,084$1,331$822$495$292$129
40 years$2,010$1,266$771$456$265$114
41 years$1,939$1,205$723$421$240$101
42 years$1,872$1,148$678$389$218$89
43 years$1,808$1,094$636$359$198$79
44 years$1,747$1,042$597$331$180$70
45 years$1,689$994$561$306$163$62
46 years$1,633$948$526$283$148$55
47 years$1,580$905$495$261$134$48
48 years$1,530$864$465$241$122$43
49 years$1,481$825$437$223$111$38
50 years$1,435$788$411$206$101$33

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 $5,239 every year, while hoping to spend $44,678 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: 46/38/16 Blend
54$1,470,000$1,470,000$1,470,000$1,470,000
55$1,625,344$1,547,434$1,524,649$1,692,490
56$1,743,592$1,575,721$1,528,188$1,768,047
57$1,872,404$1,603,897$1,530,348$1,845,039
58$2,012,810$1,631,909$1,531,035$1,927,603
59$2,165,945$1,659,700$1,530,153$2,016,275
60$2,333,055$1,687,210$1,527,597$2,111,647
61$2,515,516$1,714,372$1,523,261$2,214,370
62$2,714,839$1,741,117$1,517,030$2,325,166
63$2,932,689$1,767,369$1,508,788$2,444,828
64$3,170,900$1,793,046$1,498,408$2,574,233
65$3,431,489$1,818,062$1,485,762$2,714,348
66$3,716,679$1,842,325$1,470,713$2,866,239
67$4,028,916$1,865,735$1,453,118$3,031,085
68$4,370,895$1,888,185$1,432,827$3,210,185
69$4,745,583$1,909,564$1,409,683$3,404,970
70$5,156,248$1,929,748$1,383,524$3,617,024
71$5,606,490$1,948,610$1,354,176$3,848,090
72$6,100,272$1,966,012$1,321,461$4,100,094
73$6,641,960$1,981,807$1,285,190$4,375,160
74$7,236,364$1,995,839$1,245,168$4,675,630
75$7,888,779$2,007,942$1,201,187$5,004,090
76$8,605,042$2,017,938$1,153,034$5,363,391
77$9,391,579$2,025,640$1,100,484$5,756,680
78$10,255,471$2,030,847$1,043,301$6,187,428
79$11,204,517$2,033,347$981,240$6,659,462
80$12,247,310$2,032,913$914,043$7,177,007
81$13,393,316$2,029,306$841,444$7,744,721
82$14,652,963$2,022,271$763,161$8,367,743
83$16,037,740$2,011,537$678,902$9,051,740
84$17,560,305$1,996,818$588,361$9,802,965
85$19,234,603$1,977,809$491,218$10,628,312
86$21,075,999$1,954,188$387,140$11,535,387
87$23,101,420$1,925,612$275,778$12,532,577
88$25,329,518$1,891,720$156,770$13,629,133
89$27,780,841$1,852,127$29,735$14,835,255
90$30,478,033$1,806,428$0$16,162,195
91$33,446,040$1,754,190$0$17,640,427
92$36,712,351$1,694,960$0$19,272,155
93$40,307,251$1,628,254$0$21,067,460
94$44,264,114$1,553,561$0$23,043,053
95$48,619,711$1,470,343$0$25,217,361
96$53,414,559$1,378,028$0$27,610,692
97$58,693,305$1,276,012$0$30,245,439
98$64,505,142$1,163,657$0$33,146,284
99$70,904,278$1,040,287$0$36,340,436
100$77,950,444$905,190$0$39,857,890