Can I retire at age 55 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$122,217$121,128$120,066$119,030$118,017$116,206
2 years$60,503$59,377$58,285$57,226$56,199$54,378
3 years$39,935$38,803$37,714$36,665$35,655$33,881
4 years$29,653$28,525$27,446$26,415$25,429$23,717
5 years$23,485$22,364$21,299$20,289$19,331$17,685
6 years$19,375$18,262$17,213$16,226$15,296$13,718
7 years$16,440$15,336$14,304$13,340$12,440$10,930
8 years$14,239$13,146$12,131$11,191$10,320$8,879
9 years$12,529$11,446$10,448$9,532$8,691$7,317
10 years$11,162$10,089$9,109$8,217$7,405$6,098
11 years$10,044$8,982$8,020$7,151$6,369$5,126
12 years$9,112$8,061$7,117$6,272$5,519$4,340
13 years$8,325$7,285$6,359$5,537$4,813$3,696
14 years$7,651$6,622$5,713$4,916$4,219$3,162
15 years$7,067$6,049$5,158$4,384$3,714$2,716
16 years$6,557$5,550$4,677$3,925$3,283$2,341
17 years$6,107$5,111$4,256$3,527$2,911$2,023
18 years$5,708$4,723$3,885$3,178$2,588$1,752
19 years$5,351$4,377$3,556$2,872$2,307$1,521
20 years$5,030$4,068$3,264$2,601$2,061$1,322
21 years$4,740$3,789$3,002$2,361$1,844$1,152
22 years$4,477$3,537$2,767$2,146$1,653$1,004
23 years$4,237$3,308$2,555$1,955$1,484$876
24 years$4,017$3,099$2,363$1,783$1,334$766
25 years$3,816$2,909$2,188$1,628$1,200$670
26 years$3,630$2,734$2,030$1,489$1,081$586
27 years$3,458$2,573$1,885$1,363$975$513
28 years$3,299$2,424$1,752$1,248$879$450
29 years$3,151$2,287$1,630$1,145$794$394
30 years$3,013$2,160$1,519$1,051$717$346
31 years$2,884$2,042$1,416$965$649$303
32 years$2,763$1,932$1,321$887$587$266
33 years$2,650$1,829$1,233$816$531$233
34 years$2,544$1,734$1,152$750$481$205
35 years$2,445$1,645$1,077$691$435$180
36 years$2,351$1,561$1,008$636$395$158
37 years$2,262$1,483$943$586$358$139
38 years$2,178$1,409$883$540$324$122
39 years$2,099$1,340$828$498$294$107
40 years$2,023$1,275$776$459$267$94
41 years$1,952$1,213$727$424$242$83
42 years$1,884$1,156$682$391$220$73
43 years$1,820$1,101$640$361$199$64
44 years$1,758$1,050$601$333$181$56
45 years$1,700$1,001$564$308$164$49
46 years$1,644$955$530$284$149$43
47 years$1,591$911$498$263$135$38
48 years$1,540$870$468$243$123$34
49 years$1,492$831$440$224$112$30
50 years$1,445$793$414$207$101$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,480,000, adding $5,714 every year, while hoping to spend $46,235 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: 38/34/28 Blend
54$1,480,000$1,480,000$1,480,000$1,480,000
55$1,636,854$1,558,414$1,535,474$1,685,226
56$1,754,619$1,585,583$1,537,719$1,748,451
57$1,882,847$1,612,533$1,538,489$1,812,083
58$2,022,556$1,639,205$1,537,687$1,879,972
59$2,174,866$1,665,536$1,535,209$1,952,534
60$2,341,012$1,691,456$1,530,947$2,030,231
61$2,522,349$1,716,892$1,524,788$2,113,571
62$2,720,374$1,741,765$1,516,614$2,203,119
63$2,936,731$1,765,990$1,506,299$2,299,497
64$3,173,230$1,789,476$1,493,713$2,403,393
65$3,431,867$1,812,128$1,478,720$2,515,568
66$3,714,836$1,833,841$1,461,175$2,636,864
67$4,024,555$1,854,505$1,440,930$2,768,210
68$4,363,686$1,874,001$1,417,828$2,910,634
69$4,735,159$1,892,205$1,391,702$3,065,271
70$5,142,204$1,908,982$1,362,383$3,233,374
71$5,588,375$1,924,188$1,329,689$3,416,331
72$6,077,588$1,937,672$1,293,433$3,615,671
73$6,614,156$1,949,272$1,253,417$3,833,086
74$7,202,828$1,958,815$1,209,434$4,070,444
75$7,848,837$1,966,117$1,161,271$4,329,809
76$8,557,945$1,970,983$1,108,700$4,613,459
77$9,336,501$1,973,207$1,051,487$4,923,911
78$10,191,497$1,972,567$989,385$5,263,942
79$11,130,638$1,968,830$922,137$5,636,622
80$12,162,408$1,961,748$849,473$6,045,338
81$13,296,156$1,951,057$771,114$6,493,829
82$14,542,182$1,936,477$686,764$6,986,224
83$15,911,833$1,917,712$596,119$7,527,080
84$17,417,607$1,894,447$498,856$8,121,426
85$19,073,278$1,866,350$394,642$8,774,816
86$20,894,018$1,833,067$283,129$9,493,375
87$22,896,544$1,794,223$163,950$10,283,866
88$25,099,275$1,749,424$36,726$11,153,750
89$27,522,504$1,698,249$0$12,111,261
90$30,188,590$1,640,254$0$13,195,074
91$33,122,169$1,574,969$0$14,399,256
92$36,350,385$1,501,897$0$15,724,011
93$39,903,146$1,420,511$0$17,181,676
94$43,813,406$1,330,256$0$18,785,850
95$48,117,478$1,230,543$0$20,551,528
96$52,855,371$1,120,750$0$22,495,243
97$58,071,171$1,000,219$0$24,635,220
98$63,813,456$868,255$0$26,991,552
99$70,135,754$724,124$0$29,586,391
100$77,097,045$567,051$0$32,444,159