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%12.1%
1 years$121,391$120,310$119,255$118,225$117,220$116,189
2 years$60,095$58,975$57,891$56,839$55,819$54,780
3 years$39,665$38,541$37,459$36,417$35,414$34,400
4 years$29,452$28,332$27,261$26,237$25,257$24,275
5 years$23,326$22,212$21,155$20,152$19,200$18,253
6 years$19,244$18,138$17,097$16,116$15,193$14,281
7 years$16,329$15,232$14,207$13,250$12,356$11,481
8 years$14,143$13,057$12,049$11,115$10,250$9,412
9 years$12,444$11,368$10,378$9,467$8,632$7,830
10 years$11,086$10,021$9,048$8,161$7,355$6,589
11 years$9,976$8,921$7,965$7,103$6,326$5,595
12 years$9,051$8,007$7,069$6,230$5,482$4,785
13 years$8,269$7,236$6,316$5,500$4,780$4,118
14 years$7,599$6,577$5,675$4,882$4,190$3,561
15 years$7,020$6,008$5,124$4,354$3,689$3,092
16 years$6,513$5,513$4,645$3,899$3,261$2,694
17 years$6,066$5,077$4,227$3,503$2,891$2,355
18 years$5,669$4,691$3,859$3,157$2,571$2,063
19 years$5,315$4,348$3,532$2,852$2,291$1,812
20 years$4,996$4,040$3,242$2,583$2,047$1,594
21 years$4,708$3,763$2,982$2,345$1,831$1,405
22 years$4,447$3,513$2,748$2,132$1,642$1,240
23 years$4,208$3,286$2,538$1,942$1,474$1,095
24 years$3,990$3,078$2,347$1,771$1,325$969
25 years$3,790$2,889$2,174$1,617$1,192$858
26 years$3,605$2,715$2,016$1,479$1,074$760
27 years$3,435$2,555$1,872$1,353$968$674
28 years$3,276$2,408$1,740$1,240$873$599
29 years$3,129$2,271$1,619$1,137$789$532
30 years$2,992$2,145$1,508$1,044$713$472
31 years$2,864$2,028$1,406$958$644$420
32 years$2,745$1,919$1,312$881$583$373
33 years$2,633$1,817$1,225$810$527$332
34 years$2,527$1,722$1,145$745$478$295
35 years$2,428$1,633$1,070$686$433$263
36 years$2,335$1,550$1,001$632$392$234
37 years$2,247$1,473$937$582$355$208
38 years$2,163$1,399$877$537$322$186
39 years$2,084$1,331$822$495$292$165
40 years$2,010$1,266$771$456$265$147
41 years$1,939$1,205$723$421$240$131
42 years$1,872$1,148$678$389$218$117
43 years$1,808$1,094$636$359$198$104
44 years$1,747$1,042$597$331$180$93
45 years$1,689$994$561$306$163$83
46 years$1,633$948$526$283$148$74
47 years$1,580$905$495$261$134$66
48 years$1,530$864$465$241$122$59
49 years$1,481$825$437$223$111$52
50 years$1,435$788$411$206$101$47

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 $6,125 every year, while hoping to spend $43,601 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: 37/44/19 Blend
54$1,470,000$1,470,000$1,470,000$1,470,000
55$1,626,258$1,548,348$1,525,563$1,676,898
56$1,745,745$1,577,826$1,530,278$1,743,611
57$1,875,959$1,607,287$1,533,690$1,811,068
58$2,017,947$1,636,684$1,535,709$1,883,026
59$2,172,863$1,665,967$1,536,240$1,959,914
60$2,341,976$1,695,081$1,535,186$2,042,204
61$2,526,685$1,723,967$1,532,442$2,130,420
62$2,728,528$1,752,562$1,527,900$2,225,138
63$2,949,198$1,780,798$1,521,445$2,326,995
64$3,190,561$1,808,603$1,512,958$2,436,694
65$3,454,670$1,835,896$1,502,314$2,555,013
66$3,743,787$1,862,595$1,489,382$2,682,808
67$4,060,401$1,888,610$1,474,024$2,821,026
68$4,407,254$1,913,844$1,456,096$2,970,714
69$4,787,366$1,938,195$1,435,447$3,133,024
70$5,204,062$1,961,551$1,411,920$3,309,232
71$5,661,006$1,983,796$1,385,348$3,500,744
72$6,162,230$2,004,804$1,355,559$3,709,113
73$6,712,180$2,024,442$1,322,373$3,936,054
74$7,315,748$2,042,565$1,285,598$4,183,460
75$7,978,327$2,059,023$1,245,038$4,453,419
76$8,705,854$2,073,654$1,200,485$4,748,238
77$9,504,872$2,086,283$1,151,722$5,070,462
78$10,382,587$2,096,729$1,098,522$5,422,900
79$11,346,938$2,104,796$1,040,650$5,808,654
80$12,406,670$2,110,275$977,856$6,231,143
81$13,571,418$2,112,947$909,883$6,694,146
82$14,851,799$2,112,577$836,459$7,201,827
83$16,259,504$2,108,915$757,303$7,758,787
84$17,807,420$2,101,698$672,119$8,370,097
85$19,509,741$2,090,645$580,598$9,041,357
86$21,382,106$2,075,459$482,420$9,778,743
87$23,441,747$2,055,823$377,248$10,589,069
88$25,707,650$2,031,402$264,730$11,479,853
89$28,200,732$2,001,843$144,500$12,459,389
90$30,944,042$1,966,769$16,176$13,536,826
91$33,962,975$1,925,781$0$14,722,257
92$37,285,512$1,878,458$0$16,051,298
93$40,942,485$1,824,354$0$17,516,836
94$44,967,866$1,762,994$0$19,129,222
95$49,399,087$1,693,879$0$20,903,486
96$54,277,394$1,616,479$0$22,856,202
97$59,648,235$1,530,234$0$25,005,642
98$65,561,691$1,434,551$0$27,371,949
99$72,072,943$1,328,804$0$29,977,336
100$79,242,798$1,212,330$0$32,846,288