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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.5%
1 years$122,217$121,128$120,066$119,030$118,017$116,302
2 years$60,503$59,377$58,285$57,226$56,199$54,474
3 years$39,935$38,803$37,714$36,665$35,655$33,974
4 years$29,653$28,525$27,446$26,415$25,429$23,806
5 years$23,485$22,364$21,299$20,289$19,331$17,770
6 years$19,375$18,262$17,213$16,226$15,296$13,799
7 years$16,440$15,336$14,304$13,340$12,440$11,007
8 years$14,239$13,146$12,131$11,191$10,320$8,951
9 years$12,529$11,446$10,448$9,532$8,691$7,386
10 years$11,162$10,089$9,109$8,217$7,405$6,162
11 years$10,044$8,982$8,020$7,151$6,369$5,187
12 years$9,112$8,061$7,117$6,272$5,519$4,398
13 years$8,325$7,285$6,359$5,537$4,813$3,750
14 years$7,651$6,622$5,713$4,916$4,219$3,212
15 years$7,067$6,049$5,158$4,384$3,714$2,763
16 years$6,557$5,550$4,677$3,925$3,283$2,384
17 years$6,107$5,111$4,256$3,527$2,911$2,064
18 years$5,708$4,723$3,885$3,178$2,588$1,790
19 years$5,351$4,377$3,556$2,872$2,307$1,556
20 years$5,030$4,068$3,264$2,601$2,061$1,355
21 years$4,740$3,789$3,002$2,361$1,844$1,182
22 years$4,477$3,537$2,767$2,146$1,653$1,032
23 years$4,237$3,308$2,555$1,955$1,484$902
24 years$4,017$3,099$2,363$1,783$1,334$789
25 years$3,816$2,909$2,188$1,628$1,200$691
26 years$3,630$2,734$2,030$1,489$1,081$606
27 years$3,458$2,573$1,885$1,363$975$531
28 years$3,299$2,424$1,752$1,248$879$466
29 years$3,151$2,287$1,630$1,145$794$409
30 years$3,013$2,160$1,519$1,051$717$360
31 years$2,884$2,042$1,416$965$649$316
32 years$2,763$1,932$1,321$887$587$278
33 years$2,650$1,829$1,233$816$531$244
34 years$2,544$1,734$1,152$750$481$215
35 years$2,445$1,645$1,077$691$435$189
36 years$2,351$1,561$1,008$636$395$166
37 years$2,262$1,483$943$586$358$146
38 years$2,178$1,409$883$540$324$129
39 years$2,099$1,340$828$498$294$113
40 years$2,023$1,275$776$459$267$100
41 years$1,952$1,213$727$424$242$88
42 years$1,884$1,156$682$391$220$77
43 years$1,820$1,101$640$361$199$68
44 years$1,758$1,050$601$333$181$60
45 years$1,700$1,001$564$308$164$53
46 years$1,644$955$530$284$149$46
47 years$1,591$911$498$263$135$41
48 years$1,540$870$468$243$123$36
49 years$1,492$831$440$224$112$32
50 years$1,445$793$414$207$101$28

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 $2,584 every year, while hoping to spend $34,931 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: 59/25/16 Blend
54$1,480,000$1,480,000$1,480,000$1,480,000
55$1,633,625$1,555,185$1,532,245$1,723,163
56$1,763,089$1,594,223$1,546,409$1,823,016
57$1,904,587$1,634,003$1,559,877$1,927,765
58$2,059,310$1,674,525$1,572,588$2,041,186
59$2,228,569$1,715,786$1,584,480$2,164,119
60$2,413,808$1,757,784$1,595,484$2,297,491
61$2,616,616$1,800,515$1,605,533$2,442,324
62$2,838,743$1,843,973$1,614,550$2,599,740
63$3,082,117$1,888,149$1,622,460$2,770,980
64$3,348,861$1,933,036$1,629,180$2,957,407
65$3,641,311$1,978,622$1,634,624$3,160,525
66$3,962,045$2,024,894$1,638,704$3,381,989
67$4,313,896$2,071,837$1,641,323$3,623,624
68$4,699,990$2,119,433$1,642,384$3,887,440
69$5,123,766$2,167,663$1,641,781$4,175,652
70$5,589,016$2,216,504$1,639,406$4,490,700
71$6,099,914$2,265,931$1,635,145$4,835,274
72$6,661,059$2,315,915$1,628,876$5,212,336
73$7,277,518$2,366,426$1,620,474$5,625,152
74$7,954,873$2,417,428$1,609,808$6,077,320
75$8,699,271$2,468,884$1,596,738$6,572,805
76$9,517,488$2,520,750$1,581,120$7,115,977
77$10,416,986$2,572,981$1,562,801$7,711,650
78$11,405,987$2,625,526$1,541,624$8,365,132
79$12,493,550$2,678,329$1,517,421$9,082,269
80$13,689,655$2,731,331$1,490,017$9,869,507
81$15,005,299$2,784,464$1,459,232$10,733,947
82$16,452,596$2,837,660$1,424,873$11,683,418
83$18,044,895$2,890,840$1,386,740$12,726,544
84$19,796,904$2,943,921$1,344,626$13,872,832
85$21,724,828$2,996,812$1,298,311$15,132,758
86$23,846,523$3,049,418$1,247,566$16,517,870
87$26,181,661$3,101,633$1,192,153$18,040,892
88$28,751,922$3,153,345$1,131,821$19,715,847
89$31,581,191$3,204,431$1,066,310$21,558,192
90$34,695,788$3,254,763$995,347$23,584,959
91$38,124,713$3,304,201$918,645$25,814,920
92$41,899,921$3,352,595$835,908$28,268,765
93$46,056,626$3,399,785$746,823$30,969,293
94$50,633,625$3,445,598$651,066$33,941,634
95$55,673,675$3,489,852$548,296$37,213,481
96$61,223,885$3,532,350$438,159$40,815,355
97$67,336,169$3,572,883$320,285$44,780,892
98$74,067,730$3,611,226$194,287$49,147,164
99$81,481,604$3,647,142$59,760$53,955,025
100$89,647,250$3,680,374$0$59,249,501