Can I retire at age 55 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$122,217$121,128$120,066$119,030$118,017$116,254
2 years$60,503$59,377$58,285$57,226$56,199$54,426
3 years$39,935$38,803$37,714$36,665$35,655$33,928
4 years$29,653$28,525$27,446$26,415$25,429$23,762
5 years$23,485$22,364$21,299$20,289$19,331$17,727
6 years$19,375$18,262$17,213$16,226$15,296$13,758
7 years$16,440$15,336$14,304$13,340$12,440$10,968
8 years$14,239$13,146$12,131$11,191$10,320$8,915
9 years$12,529$11,446$10,448$9,532$8,691$7,351
10 years$11,162$10,089$9,109$8,217$7,405$6,130
11 years$10,044$8,982$8,020$7,151$6,369$5,157
12 years$9,112$8,061$7,117$6,272$5,519$4,369
13 years$8,325$7,285$6,359$5,537$4,813$3,723
14 years$7,651$6,622$5,713$4,916$4,219$3,187
15 years$7,067$6,049$5,158$4,384$3,714$2,739
16 years$6,557$5,550$4,677$3,925$3,283$2,363
17 years$6,107$5,111$4,256$3,527$2,911$2,043
18 years$5,708$4,723$3,885$3,178$2,588$1,771
19 years$5,351$4,377$3,556$2,872$2,307$1,538
20 years$5,030$4,068$3,264$2,601$2,061$1,339
21 years$4,740$3,789$3,002$2,361$1,844$1,167
22 years$4,477$3,537$2,767$2,146$1,653$1,018
23 years$4,237$3,308$2,555$1,955$1,484$889
24 years$4,017$3,099$2,363$1,783$1,334$778
25 years$3,816$2,909$2,188$1,628$1,200$680
26 years$3,630$2,734$2,030$1,489$1,081$596
27 years$3,458$2,573$1,885$1,363$975$522
28 years$3,299$2,424$1,752$1,248$879$458
29 years$3,151$2,287$1,630$1,145$794$402
30 years$3,013$2,160$1,519$1,051$717$353
31 years$2,884$2,042$1,416$965$649$309
32 years$2,763$1,932$1,321$887$587$272
33 years$2,650$1,829$1,233$816$531$239
34 years$2,544$1,734$1,152$750$481$210
35 years$2,445$1,645$1,077$691$435$184
36 years$2,351$1,561$1,008$636$395$162
37 years$2,262$1,483$943$586$358$143
38 years$2,178$1,409$883$540$324$125
39 years$2,099$1,340$828$498$294$110
40 years$2,023$1,275$776$459$267$97
41 years$1,952$1,213$727$424$242$85
42 years$1,884$1,156$682$391$220$75
43 years$1,820$1,101$640$361$199$66
44 years$1,758$1,050$601$333$181$58
45 years$1,700$1,001$564$308$164$51
46 years$1,644$955$530$284$149$45
47 years$1,591$911$498$263$135$40
48 years$1,540$870$468$243$123$35
49 years$1,492$831$440$224$112$31
50 years$1,445$793$414$207$101$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,480,000, adding $5,356 every year, while hoping to spend $34,133 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: 40/43/17 Blend
54$1,480,000$1,480,000$1,480,000$1,480,000
55$1,636,485$1,558,045$1,535,105$1,693,487
56$1,767,089$1,598,072$1,550,213$1,774,594
57$1,909,871$1,638,916$1,564,684$1,858,575
58$2,066,036$1,680,582$1,578,460$1,948,707
59$2,236,914$1,723,072$1,591,480$2,045,565
60$2,423,965$1,766,388$1,603,681$2,149,785
61$2,628,800$1,810,532$1,614,995$2,262,064
62$2,853,193$1,855,503$1,625,352$2,383,171
63$3,099,095$1,901,300$1,634,678$2,513,954
64$3,368,659$1,947,919$1,642,896$2,655,346
65$3,664,251$1,995,357$1,649,922$2,808,374
66$3,988,482$2,043,606$1,655,672$2,974,172
67$4,344,225$2,092,660$1,660,054$3,153,985
68$4,734,644$2,142,509$1,662,974$3,349,189
69$5,163,226$2,193,140$1,664,332$3,561,297
70$5,633,811$2,244,540$1,664,023$3,791,977
71$6,150,630$2,296,693$1,661,938$4,043,068
72$6,718,343$2,349,579$1,657,962$4,316,596
73$7,342,083$2,403,178$1,651,973$4,614,793
74$8,027,507$2,457,465$1,643,846$4,940,118
75$8,780,845$2,512,413$1,633,447$5,295,282
76$9,608,961$2,567,991$1,620,637$5,683,274
77$10,519,418$2,624,166$1,605,271$6,107,386
78$11,520,547$2,680,898$1,587,196$6,571,247
79$12,621,528$2,738,147$1,566,252$7,078,856
80$13,832,474$2,795,867$1,542,272$7,634,621
81$15,164,529$2,854,007$1,515,081$8,243,401
82$16,629,969$2,912,512$1,484,494$8,910,551
83$18,242,322$2,971,321$1,450,321$9,641,972
84$20,016,492$3,030,369$1,412,360$10,444,170
85$21,968,901$3,089,584$1,370,401$11,324,314
86$24,117,643$3,148,888$1,324,224$12,290,307
87$26,482,657$3,208,198$1,273,600$13,350,860
88$29,085,910$3,267,421$1,218,287$14,515,572
89$31,951,609$3,326,461$1,158,036$15,795,025
90$35,106,425$3,385,210$1,092,582$17,200,883
91$38,579,749$3,443,553$1,021,652$18,746,001
92$42,403,964$3,501,369$944,959$20,444,549
93$46,614,756$3,558,523$862,202$22,312,142
94$51,251,444$3,614,874$773,069$24,365,996
95$56,357,357$3,670,268$677,232$26,625,082
96$61,980,239$3,724,543$574,351$29,110,313
97$68,172,699$3,777,521$464,067$31,844,738
98$74,992,710$3,829,015$346,009$34,853,759
99$82,504,153$3,878,824$219,787$38,165,379
100$90,777,423$3,926,732$84,996$41,810,457