Can I retire at age 55 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$114,785$113,762$112,765$111,791$110,841$106,485
2 years$56,824$55,766$54,740$53,746$52,781$48,446
3 years$37,507$36,444$35,421$34,435$33,487$29,309
4 years$27,850$26,790$25,777$24,809$23,883$19,894
5 years$22,057$21,004$20,004$19,056$18,155$14,366
6 years$18,196$17,151$16,166$15,239$14,366$10,778
7 years$15,440$14,403$13,434$12,529$11,683$8,296
8 years$13,374$12,346$11,393$10,510$9,692$6,502
9 years$11,767$10,750$9,813$8,952$8,162$5,164
10 years$10,483$9,475$8,555$7,717$6,955$4,143
11 years$9,433$8,435$7,532$6,716$5,981$3,349
12 years$8,558$7,571$6,684$5,891$5,183$2,724
13 years$7,819$6,842$5,972$5,201$4,520$2,226
14 years$7,186$6,219$5,366$4,617$3,962$1,827
15 years$6,637$5,681$4,845$4,117$3,489$1,503
16 years$6,158$5,213$4,392$3,687$3,083$1,240
17 years$5,736$4,801$3,997$3,312$2,734$1,025
18 years$5,361$4,436$3,649$2,985$2,431$849
19 years$5,025$4,111$3,340$2,697$2,167$704
20 years$4,724$3,820$3,065$2,443$1,935$584
21 years$4,452$3,559$2,820$2,217$1,732$486
22 years$4,205$3,322$2,599$2,016$1,552$404
23 years$3,979$3,107$2,399$1,836$1,393$336
24 years$3,773$2,911$2,219$1,674$1,252$280
25 years$3,584$2,732$2,055$1,529$1,127$233
26 years$3,409$2,567$1,906$1,398$1,015$194
27 years$3,248$2,416$1,770$1,280$915$162
28 years$3,098$2,277$1,646$1,173$826$135
29 years$2,959$2,148$1,531$1,075$746$112
30 years$2,829$2,028$1,426$987$674$94
31 years$2,709$1,918$1,330$906$609$78
32 years$2,595$1,814$1,241$833$551$65
33 years$2,489$1,718$1,158$766$499$54
34 years$2,390$1,628$1,082$705$452$45
35 years$2,296$1,545$1,012$649$409$38
36 years$2,208$1,466$947$597$371$32
37 years$2,124$1,392$886$551$336$26
38 years$2,046$1,323$830$507$304$22
39 years$1,971$1,258$777$468$276$18
40 years$1,900$1,197$729$432$250$15
41 years$1,833$1,140$683$398$227$13
42 years$1,770$1,085$641$367$206$11
43 years$1,709$1,034$601$339$187$9
44 years$1,652$986$565$313$170$7
45 years$1,597$940$530$289$154$6
46 years$1,544$897$498$267$140$5
47 years$1,494$856$468$247$127$4
48 years$1,447$817$440$228$115$4
49 years$1,401$780$413$211$105$3
50 years$1,357$745$388$195$95$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,390,000, adding $4,513 every year, while hoping to spend $38,970 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: 36/45/19 Blend
54$1,390,000$1,390,000$1,390,000$1,390,000
55$1,536,435$1,462,765$1,441,220$1,582,735
56$1,651,688$1,492,977$1,448,037$1,647,062
57$1,777,390$1,523,363$1,453,777$1,712,486
58$1,914,567$1,553,890$1,458,361$1,782,306
59$2,064,346$1,584,524$1,461,709$1,856,935
60$2,227,969$1,615,226$1,463,736$1,936,831
61$2,406,802$1,645,953$1,464,352$2,022,500
62$2,602,352$1,676,660$1,463,464$2,114,499
63$2,816,275$1,707,299$1,460,973$2,213,443
64$3,050,395$1,737,817$1,456,775$2,320,010
65$3,306,721$1,768,156$1,450,763$2,434,950
66$3,587,466$1,798,255$1,442,823$2,559,088
67$3,895,066$1,828,048$1,432,836$2,693,338
68$4,232,203$1,857,463$1,420,677$2,838,705
69$4,601,834$1,886,425$1,406,216$2,996,300
70$5,007,213$1,914,851$1,389,316$3,167,349
71$5,451,924$1,942,654$1,369,833$3,353,205
72$5,939,915$1,969,739$1,347,618$3,555,360
73$6,475,537$1,996,007$1,322,513$3,775,461
74$7,063,579$2,021,348$1,294,354$4,015,326
75$7,709,318$2,045,649$1,262,970$4,276,961
76$8,418,569$2,068,786$1,228,179$4,562,578
77$9,197,734$2,090,628$1,189,795$4,874,620
78$10,053,870$2,111,035$1,147,619$5,215,781
79$10,994,747$2,129,858$1,101,447$5,589,033
80$12,028,928$2,146,938$1,051,062$5,997,655
81$13,165,846$2,162,105$996,240$6,445,267
82$14,415,893$2,175,180$936,746$6,935,860
83$15,790,520$2,185,970$872,333$7,473,837
84$17,302,342$2,194,271$802,744$8,064,058
85$18,965,257$2,199,866$727,712$8,711,880
86$20,794,578$2,202,525$646,956$9,423,215
87$22,807,179$2,202,002$560,183$10,204,583
88$25,021,649$2,198,038$467,086$11,063,178
89$27,458,471$2,190,356$367,348$12,006,932
90$30,140,214$2,178,662$260,633$13,044,595
91$33,091,746$2,162,647$146,594$14,185,818
92$36,340,467$2,141,979$24,868$15,441,243
93$39,916,568$2,116,310$0$16,822,610
94$43,853,317$2,085,268$0$18,364,157
95$48,187,370$2,048,461$0$20,065,631
96$52,959,119$2,005,472$0$21,937,811
97$58,213,070$1,955,861$0$23,998,147
98$63,998,265$1,899,161$0$26,265,873
99$70,368,746$1,834,877$0$28,762,195
100$77,384,059$1,762,488$0$31,510,488