Can I retire at age 55 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$120,565$119,492$118,444$117,421$116,422$113,470
2 years$59,686$58,574$57,497$56,452$55,439$52,484
3 years$39,395$38,279$37,204$36,170$35,173$32,307
4 years$29,252$28,139$27,075$26,058$25,086$22,331
5 years$23,168$22,061$21,011$20,015$19,070$16,434
6 years$19,113$18,015$16,980$16,006$15,089$12,576
7 years$16,217$15,129$14,111$13,160$12,272$9,880
8 years$14,047$12,968$11,967$11,039$10,180$7,910
9 years$12,360$11,291$10,307$9,403$8,573$6,422
10 years$11,011$9,953$8,986$8,106$7,305$5,270
11 years$9,908$8,860$7,911$7,054$6,283$4,361
12 years$8,989$7,952$7,021$6,188$5,444$3,633
13 years$8,213$7,187$6,273$5,463$4,748$3,043
14 years$7,548$6,532$5,636$4,849$4,162$2,559
15 years$6,972$5,968$5,089$4,325$3,664$2,161
16 years$6,468$5,475$4,614$3,872$3,238$1,829
17 years$6,025$5,042$4,198$3,479$2,871$1,553
18 years$5,631$4,659$3,832$3,135$2,553$1,321
19 years$5,279$4,318$3,508$2,833$2,276$1,125
20 years$4,962$4,013$3,220$2,566$2,033$960
21 years$4,676$3,738$2,962$2,329$1,819$820
22 years$4,416$3,489$2,730$2,117$1,631$702
23 years$4,180$3,263$2,520$1,928$1,464$601
24 years$3,963$3,057$2,331$1,759$1,316$515
25 years$3,764$2,869$2,159$1,606$1,184$441
26 years$3,581$2,697$2,002$1,469$1,066$378
27 years$3,411$2,538$1,859$1,344$961$325
28 years$3,254$2,391$1,728$1,232$867$279
29 years$3,108$2,256$1,608$1,129$783$239
30 years$2,972$2,131$1,498$1,037$708$206
31 years$2,845$2,014$1,397$952$640$177
32 years$2,726$1,906$1,303$875$579$152
33 years$2,615$1,805$1,217$805$524$131
34 years$2,510$1,710$1,137$740$474$112
35 years$2,412$1,622$1,063$681$430$96
36 years$2,319$1,540$994$628$389$83
37 years$2,231$1,463$931$578$353$71
38 years$2,149$1,390$872$533$320$61
39 years$2,070$1,322$817$491$290$53
40 years$1,996$1,257$765$453$263$45
41 years$1,926$1,197$718$418$239$39
42 years$1,859$1,140$673$386$217$34
43 years$1,795$1,086$632$356$197$29
44 years$1,735$1,035$593$329$178$25
45 years$1,677$987$557$304$162$21
46 years$1,622$942$523$281$147$18
47 years$1,570$899$491$259$134$16
48 years$1,519$858$462$240$121$14
49 years$1,471$819$434$221$110$12
50 years$1,425$783$408$205$100$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,460,000, adding $4,644 every year, while hoping to spend $30,761 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: 52/35/13 Blend
54$1,460,000$1,460,000$1,460,000$1,460,000
55$1,613,710$1,536,330$1,513,700$1,691,800
56$1,745,579$1,578,881$1,531,680$1,788,202
57$1,889,868$1,622,486$1,549,231$1,889,329
58$2,047,811$1,667,164$1,566,306$1,998,613
59$2,220,766$1,712,934$1,582,856$2,116,834
60$2,410,232$1,759,815$1,598,830$2,244,848
61$2,617,856$1,807,827$1,614,171$2,383,601
62$2,845,454$1,856,987$1,628,822$2,534,131
63$3,095,025$1,907,314$1,642,723$2,697,583
64$3,368,772$1,958,826$1,655,808$2,875,217
65$3,669,119$2,011,541$1,668,010$3,068,420
66$3,998,739$2,065,476$1,679,257$3,278,720
67$4,360,574$2,120,648$1,689,476$3,507,800
68$4,757,866$2,177,073$1,698,587$3,757,513
69$5,194,186$2,234,768$1,706,508$4,029,900
70$5,673,467$2,293,746$1,713,150$4,327,209
71$6,200,044$2,354,023$1,718,424$4,651,917
72$6,778,690$2,415,612$1,722,233$5,006,751
73$7,414,665$2,478,525$1,724,476$5,394,716
74$8,113,762$2,542,774$1,725,047$5,819,122
75$8,882,366$2,608,369$1,723,836$6,283,618
76$9,727,508$2,675,321$1,720,726$6,792,220
77$10,656,938$2,743,635$1,715,594$7,349,356
78$11,679,193$2,813,320$1,708,313$7,959,903
79$12,803,677$2,884,380$1,698,749$8,629,234
80$14,040,755$2,956,818$1,686,760$9,363,271
81$15,401,845$3,030,634$1,672,199$10,168,537
82$16,899,527$3,105,830$1,654,912$11,052,221
83$18,547,664$3,182,400$1,634,736$12,022,243
84$20,361,529$3,260,341$1,611,503$13,087,332
85$22,357,951$3,339,644$1,585,035$14,257,105
86$24,555,474$3,420,298$1,555,145$15,542,159
87$26,974,530$3,502,290$1,521,640$16,954,172
88$29,637,633$3,585,604$1,484,317$18,506,012
89$32,569,592$3,670,218$1,442,961$20,211,858
90$35,797,741$3,756,110$1,397,351$22,087,338
91$39,352,202$3,843,251$1,347,254$24,149,670
92$43,266,166$3,931,609$1,292,426$26,417,829
93$47,576,205$4,021,148$1,232,612$28,912,727
94$52,322,620$4,111,826$1,167,547$31,657,405
95$57,549,819$4,203,598$1,096,951$34,677,258
96$63,306,736$4,296,410$1,020,535$38,000,269
97$69,647,295$4,390,205$937,994$41,657,275
98$76,630,913$4,484,920$849,012$45,682,261
99$84,323,068$4,580,483$753,255$50,112,677
100$92,795,910$4,676,816$650,379$54,989,793