Can I retire at age 55 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$123,043$121,947$120,878$119,834$118,815$117,379
2 years$60,912$59,778$58,678$57,612$56,578$55,133
3 years$40,205$39,065$37,969$36,913$35,896$34,486
4 years$29,853$28,717$27,632$26,594$25,601$24,238
5 years$23,644$22,515$21,443$20,426$19,462$18,149
6 years$19,505$18,385$17,329$16,335$15,399$14,139
7 years$16,551$15,440$14,401$13,430$12,524$11,316
8 years$14,336$13,235$12,213$11,266$10,390$9,235
9 years$12,614$11,523$10,519$9,596$8,750$7,647
10 years$11,237$10,157$9,171$8,272$7,455$6,403
11 years$10,111$9,042$8,074$7,199$6,412$5,410
12 years$9,174$8,116$7,165$6,315$5,556$4,604
13 years$8,381$7,334$6,402$5,575$4,845$3,941
14 years$7,703$6,667$5,752$4,949$4,247$3,390
15 years$7,115$6,090$5,193$4,413$3,740$2,928
16 years$6,601$5,588$4,708$3,952$3,305$2,537
17 years$6,148$5,146$4,284$3,551$2,930$2,205
18 years$5,746$4,755$3,911$3,200$2,606$1,921
19 years$5,387$4,407$3,580$2,891$2,322$1,677
20 years$5,064$4,095$3,286$2,619$2,074$1,467
21 years$4,772$3,815$3,022$2,377$1,856$1,285
22 years$4,507$3,561$2,786$2,161$1,664$1,127
23 years$4,266$3,330$2,572$1,968$1,494$990
24 years$4,045$3,120$2,379$1,795$1,343$871
25 years$3,841$2,928$2,203$1,639$1,208$766
26 years$3,654$2,752$2,043$1,499$1,088$675
27 years$3,481$2,590$1,897$1,372$981$595
28 years$3,321$2,441$1,764$1,257$885$524
29 years$3,172$2,302$1,641$1,153$799$463
30 years$3,033$2,174$1,529$1,058$722$408
31 years$2,903$2,055$1,425$972$653$360
32 years$2,782$1,945$1,330$893$591$318
33 years$2,668$1,842$1,242$821$535$281
34 years$2,562$1,746$1,160$755$484$249
35 years$2,461$1,656$1,085$695$438$220
36 years$2,366$1,572$1,015$640$397$194
37 years$2,277$1,493$950$590$360$172
38 years$2,193$1,418$889$544$326$152
39 years$2,113$1,349$833$502$296$135
40 years$2,037$1,283$781$463$268$119
41 years$1,965$1,222$732$427$244$105
42 years$1,897$1,163$687$394$221$93
43 years$1,832$1,108$645$364$201$83
44 years$1,770$1,057$605$336$182$73
45 years$1,711$1,008$568$310$165$65
46 years$1,655$961$534$286$150$57
47 years$1,602$917$501$265$136$51
48 years$1,551$876$471$244$124$45
49 years$1,502$836$443$226$112$40
50 years$1,455$799$416$209$102$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,490,000, adding $3,294 every year, while hoping to spend $40,278 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: 46/42/12 Blend
54$1,490,000$1,490,000$1,490,000$1,490,000
55$1,645,378$1,566,408$1,543,313$1,715,361
56$1,770,351$1,600,306$1,552,158$1,798,053
57$1,906,721$1,634,516$1,559,950$1,883,317
58$2,055,609$1,669,009$1,566,611$1,974,914
59$2,218,247$1,703,756$1,572,058$2,073,445
60$2,395,992$1,738,725$1,576,206$2,179,575
61$2,590,339$1,773,878$1,578,965$2,294,032
62$2,802,933$1,809,178$1,580,240$2,417,624
63$3,035,586$1,844,581$1,579,931$2,551,236
64$3,290,292$1,880,042$1,577,935$2,695,847
65$3,569,248$1,915,510$1,574,142$2,852,536
66$3,874,873$1,950,931$1,568,437$3,022,489
67$4,209,831$1,986,248$1,560,701$3,207,018
68$4,577,055$2,021,396$1,550,806$3,407,565
69$4,979,778$2,056,308$1,538,622$3,625,724
70$5,421,559$2,090,910$1,524,008$3,863,249
71$5,906,317$2,125,123$1,506,822$4,122,074
72$6,438,371$2,158,864$1,486,910$4,404,332
73$7,022,477$2,192,040$1,464,113$4,712,375
74$7,663,874$2,224,555$1,438,266$5,048,796
75$8,368,335$2,256,304$1,409,194$5,416,453
76$9,142,218$2,287,176$1,376,714$5,818,496
77$9,992,526$2,317,050$1,340,637$6,258,402
78$10,926,977$2,345,798$1,300,761$6,739,999
79$11,954,071$2,373,284$1,256,878$7,267,512
80$13,083,173$2,399,362$1,208,771$7,845,597
81$14,324,602$2,423,877$1,156,211$8,479,387
82$15,689,726$2,446,661$1,098,958$9,174,543
83$17,191,069$2,467,538$1,036,764$9,937,305
84$18,842,430$2,486,320$969,367$10,774,552
85$20,659,013$2,502,804$896,496$11,693,870
86$22,657,568$2,516,778$817,865$12,703,620
87$24,856,554$2,528,014$733,178$13,813,022
88$27,276,306$2,536,270$642,122$15,032,239
89$29,939,230$2,541,288$544,374$16,372,478
90$32,870,016$2,542,795$439,595$17,846,090
91$36,095,867$2,540,502$327,431$19,466,694
92$39,646,757$2,534,099$207,512$21,249,304
93$43,555,716$2,523,259$79,453$23,210,471
94$47,859,136$2,507,635$0$25,368,439
95$52,597,117$2,486,859$0$27,750,649
96$57,813,848$2,460,540$0$30,383,281
97$63,558,018$2,428,263$0$33,280,650
98$69,883,278$2,389,591$0$36,469,760
99$76,848,749$2,344,057$0$39,980,375
100$84,519,575$2,291,170$0$43,845,300