Can I retire at age 55 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$121,391$120,310$119,255$118,225$117,220$114,479
2 years$60,095$58,975$57,891$56,839$55,819$53,073
3 years$39,665$38,541$37,459$36,417$35,414$32,749
4 years$29,452$28,332$27,261$26,237$25,257$22,694
5 years$23,326$22,212$21,155$20,152$19,200$16,745
6 years$19,244$18,138$17,097$16,116$15,193$12,849
7 years$16,329$15,232$14,207$13,250$12,356$10,123
8 years$14,143$13,057$12,049$11,115$10,250$8,128
9 years$12,444$11,368$10,378$9,467$8,632$6,619
10 years$11,086$10,021$9,048$8,161$7,355$5,449
11 years$9,976$8,921$7,965$7,103$6,326$4,523
12 years$9,051$8,007$7,069$6,230$5,482$3,780
13 years$8,269$7,236$6,316$5,500$4,780$3,177
14 years$7,599$6,577$5,675$4,882$4,190$2,681
15 years$7,020$6,008$5,124$4,354$3,689$2,271
16 years$6,513$5,513$4,645$3,899$3,261$1,930
17 years$6,066$5,077$4,227$3,503$2,891$1,644
18 years$5,669$4,691$3,859$3,157$2,571$1,404
19 years$5,315$4,348$3,532$2,852$2,291$1,201
20 years$4,996$4,040$3,242$2,583$2,047$1,028
21 years$4,708$3,763$2,982$2,345$1,831$882
22 years$4,447$3,513$2,748$2,132$1,642$757
23 years$4,208$3,286$2,538$1,942$1,474$651
24 years$3,990$3,078$2,347$1,771$1,325$560
25 years$3,790$2,889$2,174$1,617$1,192$482
26 years$3,605$2,715$2,016$1,479$1,074$415
27 years$3,435$2,555$1,872$1,353$968$357
28 years$3,276$2,408$1,740$1,240$873$308
29 years$3,129$2,271$1,619$1,137$789$266
30 years$2,992$2,145$1,508$1,044$713$229
31 years$2,864$2,028$1,406$958$644$198
32 years$2,745$1,919$1,312$881$583$171
33 years$2,633$1,817$1,225$810$527$147
34 years$2,527$1,722$1,145$745$478$127
35 years$2,428$1,633$1,070$686$433$110
36 years$2,335$1,550$1,001$632$392$95
37 years$2,247$1,473$937$582$355$82
38 years$2,163$1,399$877$537$322$71
39 years$2,084$1,331$822$495$292$61
40 years$2,010$1,266$771$456$265$53
41 years$1,939$1,205$723$421$240$46
42 years$1,872$1,148$678$389$218$39
43 years$1,808$1,094$636$359$198$34
44 years$1,747$1,042$597$331$180$29
45 years$1,689$994$561$306$163$25
46 years$1,633$948$526$283$148$22
47 years$1,580$905$495$261$134$19
48 years$1,530$864$465$241$122$16
49 years$1,481$825$437$223$111$14
50 years$1,435$788$411$206$101$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,470,000, adding $6,911 every year, while hoping to spend $29,939 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: 55/28/17 Blend
54$1,470,000$1,470,000$1,470,000$1,470,000
55$1,627,069$1,549,159$1,526,374$1,708,823
56$1,761,175$1,593,213$1,545,652$1,809,375
57$1,907,956$1,638,422$1,564,573$1,915,019
58$2,068,675$1,684,811$1,583,093$2,029,387
59$2,244,718$1,732,406$1,601,166$2,153,323
60$2,437,617$1,781,231$1,618,743$2,287,752
61$2,649,056$1,831,314$1,635,772$2,433,693
62$2,880,890$1,882,678$1,652,201$2,592,269
63$3,135,162$1,935,351$1,667,971$2,764,716
64$3,414,123$1,989,358$1,683,023$2,952,396
65$3,720,253$2,044,725$1,697,293$3,156,808
66$4,056,281$2,101,478$1,710,714$3,379,602
67$4,425,215$2,159,645$1,723,217$3,622,598
68$4,830,370$2,219,250$1,734,727$3,887,798
69$5,275,394$2,280,320$1,745,167$4,177,409
70$5,764,309$2,342,880$1,754,455$4,493,861
71$6,301,545$2,406,957$1,762,505$4,839,832
72$6,891,980$2,472,576$1,769,227$5,218,270
73$7,540,992$2,539,763$1,774,527$5,632,425
74$8,254,503$2,608,541$1,778,303$6,085,878
75$9,039,039$2,678,936$1,780,453$6,582,571
76$9,901,788$2,750,971$1,780,865$7,126,851
77$10,850,672$2,824,670$1,779,426$7,723,505
78$11,894,418$2,900,056$1,776,014$8,377,807
79$13,042,640$2,977,151$1,770,502$9,095,570
80$14,305,934$3,055,975$1,762,758$9,883,199
81$15,695,971$3,136,550$1,752,642$10,747,749
82$17,225,613$3,218,894$1,740,008$11,696,996
83$18,909,031$3,303,025$1,724,704$12,739,508
84$20,761,839$3,388,960$1,706,569$13,884,725
85$22,801,243$3,476,716$1,685,435$15,143,050
86$25,046,200$3,566,304$1,661,127$16,525,947
87$27,517,597$3,657,738$1,633,460$18,046,049
88$30,238,453$3,751,028$1,602,242$19,717,274
89$33,234,129$3,846,182$1,567,270$21,554,962
90$36,532,571$3,943,207$1,528,335$23,576,016
91$40,164,575$4,042,105$1,485,216$25,799,063
92$44,164,071$4,142,878$1,437,680$28,244,630
93$48,568,452$4,245,524$1,385,488$30,935,336
94$53,418,918$4,350,039$1,328,386$33,896,108
95$58,760,871$4,456,415$1,266,110$37,154,415
96$64,644,340$4,564,639$1,198,385$40,740,528
97$71,124,453$4,674,697$1,124,922$44,687,806
98$78,261,960$4,786,569$1,045,418$49,033,009
99$86,123,800$4,900,231$959,560$53,816,649
100$94,783,740$5,015,656$867,019$59,083,370