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%14.7%
1 years$122,217$121,128$120,066$119,030$118,017$115,729
2 years$60,503$59,377$58,285$57,226$56,199$53,903
3 years$39,935$38,803$37,714$36,665$35,655$33,423
4 years$29,653$28,525$27,446$26,415$25,429$23,278
5 years$23,485$22,364$21,299$20,289$19,331$17,267
6 years$19,375$18,262$17,213$16,226$15,296$13,321
7 years$16,440$15,336$14,304$13,340$12,440$10,555
8 years$14,239$13,146$12,131$11,191$10,320$8,524
9 years$12,529$11,446$10,448$9,532$8,691$6,983
10 years$11,162$10,089$9,109$8,217$7,405$5,784
11 years$10,044$8,982$8,020$7,151$6,369$4,832
12 years$9,112$8,061$7,117$6,272$5,519$4,065
13 years$8,325$7,285$6,359$5,537$4,813$3,439
14 years$7,651$6,622$5,713$4,916$4,219$2,922
15 years$7,067$6,049$5,158$4,384$3,714$2,493
16 years$6,557$5,550$4,677$3,925$3,283$2,133
17 years$6,107$5,111$4,256$3,527$2,911$1,830
18 years$5,708$4,723$3,885$3,178$2,588$1,574
19 years$5,351$4,377$3,556$2,872$2,307$1,356
20 years$5,030$4,068$3,264$2,601$2,061$1,171
21 years$4,740$3,789$3,002$2,361$1,844$1,012
22 years$4,477$3,537$2,767$2,146$1,653$875
23 years$4,237$3,308$2,555$1,955$1,484$758
24 years$4,017$3,099$2,363$1,783$1,334$657
25 years$3,816$2,909$2,188$1,628$1,200$570
26 years$3,630$2,734$2,030$1,489$1,081$495
27 years$3,458$2,573$1,885$1,363$975$430
28 years$3,299$2,424$1,752$1,248$879$374
29 years$3,151$2,287$1,630$1,145$794$325
30 years$3,013$2,160$1,519$1,051$717$282
31 years$2,884$2,042$1,416$965$649$246
32 years$2,763$1,932$1,321$887$587$214
33 years$2,650$1,829$1,233$816$531$186
34 years$2,544$1,734$1,152$750$481$162
35 years$2,445$1,645$1,077$691$435$141
36 years$2,351$1,561$1,008$636$395$123
37 years$2,262$1,483$943$586$358$107
38 years$2,178$1,409$883$540$324$93
39 years$2,099$1,340$828$498$294$81
40 years$2,023$1,275$776$459$267$71
41 years$1,952$1,213$727$424$242$62
42 years$1,884$1,156$682$391$220$54
43 years$1,820$1,101$640$361$199$47
44 years$1,758$1,050$601$333$181$41
45 years$1,700$1,001$564$308$164$36
46 years$1,644$955$530$284$149$31
47 years$1,591$911$498$263$135$27
48 years$1,540$870$468$243$123$24
49 years$1,492$831$440$224$112$21
50 years$1,445$793$414$207$101$18

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 $2,338 every year, while hoping to spend $28,983 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: 55/21/24 Blend
54$1,480,000$1,480,000$1,480,000$1,480,000
55$1,633,372$1,554,932$1,531,992$1,712,338
56$1,769,138$1,600,286$1,552,476$1,812,173
57$1,917,781$1,646,891$1,572,675$1,917,614
58$2,080,583$1,694,777$1,592,548$2,031,842
59$2,258,958$1,743,977$1,612,054$2,155,708
60$2,454,461$1,794,521$1,631,147$2,290,152
61$2,668,806$1,846,442$1,649,780$2,436,208
62$2,903,880$1,899,773$1,667,903$2,595,014
63$3,161,760$1,954,547$1,685,463$2,767,824
64$3,444,738$2,010,798$1,702,404$2,956,020
65$3,755,335$2,068,560$1,718,668$3,161,124
66$4,096,328$2,127,869$1,734,193$3,384,812
67$4,470,778$2,188,759$1,748,913$3,628,929
68$4,882,056$2,251,267$1,762,760$3,895,511
69$5,333,875$2,315,428$1,775,661$4,186,797
70$5,830,325$2,381,279$1,787,541$4,505,257
71$6,375,914$2,448,857$1,798,319$4,853,610
72$6,975,606$2,518,200$1,807,911$5,234,853
73$7,634,871$2,589,345$1,816,230$5,652,289
74$8,359,736$2,662,331$1,823,181$6,109,554
75$9,156,839$2,737,195$1,828,668$6,610,657
76$10,033,495$2,813,976$1,832,587$7,160,015
77$10,997,764$2,892,713$1,834,831$7,762,494
78$12,058,525$2,973,446$1,835,287$8,423,458
79$13,225,563$3,056,212$1,833,837$9,148,815
80$14,509,655$3,141,052$1,830,356$9,945,077
81$15,922,681$3,228,004$1,824,713$10,819,419
82$17,477,725$3,317,107$1,816,772$11,779,748
83$19,189,209$3,408,401$1,806,390$12,834,776
84$21,073,019$3,501,924$1,793,415$13,994,104
85$23,146,664$3,597,715$1,777,691$15,268,314
86$25,429,432$3,695,812$1,759,052$16,669,064
87$27,942,580$3,796,252$1,737,326$18,209,203
88$30,709,528$3,899,073$1,712,331$19,902,891
89$33,756,084$4,004,312$1,683,879$21,765,729
90$37,110,686$4,112,005$1,651,770$23,814,914
91$40,804,669$4,222,186$1,615,797$26,069,393
92$44,872,561$4,334,890$1,575,743$28,550,050
93$49,352,413$4,450,149$1,531,380$31,279,895
94$54,286,148$4,567,996$1,482,471$34,284,289
95$59,719,968$4,688,461$1,428,767$37,591,179
96$65,704,782$4,811,572$1,370,008$41,231,362
97$72,296,688$4,937,358$1,305,921$45,238,780
98$79,557,504$5,065,842$1,236,223$49,650,834
99$87,555,350$5,197,049$1,160,617$54,508,745
100$96,365,290$5,330,998$1,078,792$59,857,936