Can I retire at age 55 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$115,611$114,581$113,576$112,596$111,638$109,384
2 years$57,233$56,167$55,134$54,132$53,161$50,900
3 years$37,776$36,706$35,675$34,683$33,727$31,530
4 years$28,050$26,983$25,963$24,987$24,055$21,938
5 years$22,216$21,155$20,148$19,193$18,286$16,255
6 years$18,327$17,274$16,283$15,349$14,469$12,527
7 years$15,551$14,507$13,531$12,619$11,767$9,915
8 years$13,470$12,435$11,475$10,586$9,762$7,998
9 years$11,852$10,827$9,884$9,017$8,221$6,544
10 years$10,558$9,544$8,617$7,772$7,005$5,414
11 years$9,501$8,496$7,586$6,764$6,024$4,517
12 years$8,620$7,626$6,732$5,933$5,221$3,795
13 years$7,875$6,891$6,015$5,238$4,552$3,206
14 years$7,237$6,264$5,405$4,650$3,991$2,721
15 years$6,685$5,722$4,880$4,147$3,514$2,318
16 years$6,203$5,250$4,424$3,713$3,105$1,981
17 years$5,777$4,835$4,026$3,336$2,753$1,697
18 years$5,399$4,468$3,675$3,007$2,448$1,457
19 years$5,062$4,141$3,364$2,717$2,182$1,254
20 years$4,758$3,848$3,088$2,460$1,949$1,080
21 years$4,484$3,584$2,840$2,233$1,744$932
22 years$4,235$3,346$2,617$2,030$1,563$805
23 years$4,008$3,129$2,417$1,849$1,403$697
24 years$3,800$2,932$2,235$1,686$1,261$603
25 years$3,609$2,751$2,070$1,540$1,135$522
26 years$3,434$2,586$1,920$1,408$1,022$453
27 years$3,271$2,434$1,783$1,289$922$392
28 years$3,120$2,293$1,657$1,181$832$341
29 years$2,980$2,163$1,542$1,083$751$296
30 years$2,850$2,043$1,437$994$679$257
31 years$2,728$1,931$1,339$913$614$223
32 years$2,614$1,827$1,250$839$555$194
33 years$2,507$1,731$1,167$771$502$168
34 years$2,407$1,640$1,090$710$455$146
35 years$2,312$1,556$1,019$653$412$127
36 years$2,224$1,477$953$602$373$111
37 years$2,140$1,402$892$554$338$96
38 years$2,060$1,333$836$511$307$84
39 years$1,985$1,267$783$471$278$73
40 years$1,914$1,206$734$435$252$63
41 years$1,847$1,148$688$401$229$55
42 years$1,782$1,093$646$370$208$48
43 years$1,721$1,042$606$342$188$42
44 years$1,663$993$569$315$171$36
45 years$1,608$947$534$291$155$32
46 years$1,555$903$501$269$141$27
47 years$1,505$862$471$249$128$24
48 years$1,457$823$443$230$116$21
49 years$1,411$786$416$212$106$18
50 years$1,367$751$391$196$96$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,400,000, adding $3,976 every year, while hoping to spend $20,312 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: 78/9/13 Blend
54$1,400,000$1,400,000$1,400,000$1,400,000
55$1,546,901$1,472,701$1,451,001$1,663,279
56$1,683,073$1,523,252$1,477,998$1,790,998
57$1,832,454$1,575,599$1,505,218$1,928,059
58$1,996,370$1,629,808$1,532,648$2,077,820
59$2,176,280$1,685,950$1,560,273$2,241,540
60$2,373,795$1,744,095$1,588,076$2,420,606
61$2,590,685$1,804,318$1,616,039$2,616,547
62$2,828,903$1,866,698$1,644,145$2,831,045
63$3,090,599$1,931,314$1,672,372$3,065,954
64$3,378,142$1,998,251$1,700,698$3,323,314
65$3,694,142$2,067,595$1,729,101$3,605,376
66$4,041,475$2,139,437$1,757,556$3,914,614
67$4,423,306$2,213,871$1,786,036$4,253,757
68$4,843,128$2,290,994$1,814,512$4,625,810
69$5,304,783$2,370,909$1,842,954$5,034,084
70$5,812,508$2,453,721$1,871,330$5,482,225
71$6,370,970$2,539,540$1,899,606$5,974,250
72$6,985,312$2,628,480$1,927,746$6,514,587
73$7,661,198$2,720,660$1,955,709$7,108,110
74$8,404,871$2,816,203$1,983,456$7,760,192
75$9,223,209$2,915,238$2,010,943$8,476,750
76$10,123,790$3,017,898$2,038,124$9,264,306
77$11,114,965$3,124,323$2,064,949$10,130,044
78$12,205,933$3,234,658$2,091,367$11,081,878
79$13,406,834$3,349,051$2,117,323$12,128,531
80$14,728,837$3,467,661$2,142,760$13,279,610
81$16,184,252$3,590,649$2,167,615$14,545,703
82$17,786,640$3,718,186$2,191,825$15,938,476
83$19,550,947$3,850,447$2,215,322$17,470,783
84$21,493,641$3,987,617$2,238,032$19,156,785
85$23,632,868$4,129,885$2,259,881$21,012,089
86$25,988,622$4,277,451$2,280,789$23,053,890
87$28,582,937$4,430,521$2,300,671$25,301,134
88$31,440,091$4,589,312$2,319,438$27,774,700
89$34,586,839$4,754,046$2,336,998$30,497,592
90$38,052,660$4,924,958$2,353,251$33,495,160
91$41,870,041$5,102,291$2,368,095$36,795,337
92$46,074,780$5,286,297$2,381,420$40,428,902
93$50,706,322$5,477,241$2,393,112$44,429,772
94$55,808,137$5,675,396$2,403,051$48,835,321
95$61,428,125$5,881,048$2,411,112$53,686,732
96$67,619,069$6,094,495$2,417,160$59,029,386
97$74,439,136$6,316,048$2,421,057$64,913,291
98$81,952,423$6,546,028$2,422,656$71,393,553
99$90,229,559$6,784,773$2,421,805$78,530,896
100$99,348,381$7,032,633$2,418,342$86,392,233