Can I retire at age 55 with 1,490,000?

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 $1,490,000?

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$123,043$121,947$120,878$119,834$118,815$114,146
2 years$60,912$59,778$58,678$57,612$56,578$51,932
3 years$40,205$39,065$37,969$36,913$35,896$31,417
4 years$29,853$28,717$27,632$26,594$25,601$21,325
5 years$23,644$22,515$21,443$20,426$19,462$15,399
6 years$19,505$18,385$17,329$16,335$15,399$11,553
7 years$16,551$15,440$14,401$13,430$12,524$8,892
8 years$14,336$13,235$12,213$11,266$10,390$6,970
9 years$12,614$11,523$10,519$9,596$8,750$5,535
10 years$11,237$10,157$9,171$8,272$7,455$4,441
11 years$10,111$9,042$8,074$7,199$6,412$3,590
12 years$9,174$8,116$7,165$6,315$5,556$2,920
13 years$8,381$7,334$6,402$5,575$4,845$2,387
14 years$7,703$6,667$5,752$4,949$4,247$1,958
15 years$7,115$6,090$5,193$4,413$3,740$1,611
16 years$6,601$5,588$4,708$3,952$3,305$1,329
17 years$6,148$5,146$4,284$3,551$2,930$1,099
18 years$5,746$4,755$3,911$3,200$2,606$910
19 years$5,387$4,407$3,580$2,891$2,322$755
20 years$5,064$4,095$3,286$2,619$2,074$626
21 years$4,772$3,815$3,022$2,377$1,856$520
22 years$4,507$3,561$2,786$2,161$1,664$433
23 years$4,266$3,330$2,572$1,968$1,494$360
24 years$4,045$3,120$2,379$1,795$1,343$300
25 years$3,841$2,928$2,203$1,639$1,208$250
26 years$3,654$2,752$2,043$1,499$1,088$208
27 years$3,481$2,590$1,897$1,372$981$173
28 years$3,321$2,441$1,764$1,257$885$145
29 years$3,172$2,302$1,641$1,153$799$121
30 years$3,033$2,174$1,529$1,058$722$101
31 years$2,903$2,055$1,425$972$653$84
32 years$2,782$1,945$1,330$893$591$70
33 years$2,668$1,842$1,242$821$535$58
34 years$2,562$1,746$1,160$755$484$49
35 years$2,461$1,656$1,085$695$438$41
36 years$2,366$1,572$1,015$640$397$34
37 years$2,277$1,493$950$590$360$28
38 years$2,193$1,418$889$544$326$24
39 years$2,113$1,349$833$502$296$20
40 years$2,037$1,283$781$463$268$16
41 years$1,965$1,222$732$427$244$14
42 years$1,897$1,163$687$394$221$11
43 years$1,832$1,108$645$364$201$10
44 years$1,770$1,057$605$336$182$8
45 years$1,711$1,008$568$310$165$7
46 years$1,655$961$534$286$150$6
47 years$1,602$917$501$265$136$5
48 years$1,551$876$471$244$124$4
49 years$1,502$836$443$226$112$3
50 years$1,455$799$416$209$102$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $1,490,000, adding $6,890 every year, while hoping to spend $34,934 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: 47/47/6 Blend
54$1,490,000$1,490,000$1,490,000$1,490,000
55$1,649,087$1,570,117$1,547,022$1,723,655
56$1,780,124$1,609,883$1,561,678$1,815,271
57$1,923,357$1,650,427$1,575,654$1,910,398
58$2,079,991$1,691,750$1,588,890$2,012,807
59$2,251,356$1,733,852$1,601,324$2,123,184
60$2,438,916$1,776,732$1,612,889$2,242,280
61$2,644,281$1,820,387$1,623,517$2,370,926
62$2,869,226$1,864,815$1,633,133$2,510,035
63$3,115,705$1,910,009$1,641,661$2,660,610
64$3,385,871$1,955,963$1,649,020$2,823,758
65$3,682,092$2,002,668$1,655,125$3,000,699
66$4,006,981$2,050,114$1,659,887$3,192,772
67$4,363,411$2,098,288$1,663,212$3,401,455
68$4,754,551$2,147,175$1,665,001$3,628,376
69$5,183,888$2,196,760$1,665,151$3,875,327
70$5,655,265$2,247,022$1,663,555$4,144,282
71$6,172,915$2,297,939$1,660,097$4,437,414
72$6,741,501$2,349,487$1,654,659$4,757,121
73$7,366,160$2,401,637$1,647,116$5,106,041
74$8,052,550$2,454,359$1,637,336$5,487,082
75$8,806,906$2,507,619$1,625,182$5,903,448
76$9,636,096$2,561,377$1,610,511$6,358,667
77$10,547,685$2,615,593$1,593,171$6,856,629
78$11,550,012$2,670,219$1,573,005$7,401,620
79$12,652,259$2,725,206$1,549,846$7,998,361
80$13,864,546$2,780,497$1,523,523$8,652,055
81$15,198,021$2,836,033$1,493,853$9,368,436
82$16,664,969$2,891,748$1,460,646$10,153,823
83$18,278,923$2,947,571$1,423,705$11,015,177
84$20,054,795$3,003,424$1,382,821$11,960,172
85$22,009,016$3,059,224$1,337,778$12,997,263
86$24,159,689$3,114,880$1,288,347$14,135,767
87$26,526,763$3,170,294$1,234,292$15,385,955
88$29,132,215$3,225,361$1,175,363$16,759,142
89$32,000,265$3,279,968$1,111,302$18,267,801
90$35,157,598$3,333,992$1,041,836$19,925,675
91$38,633,618$3,387,303$966,683$21,747,914
92$42,460,726$3,439,759$885,545$23,751,210
93$46,674,622$3,491,209$798,113$25,953,961
94$51,314,647$3,541,492$704,063$28,376,444
95$56,424,150$3,590,434$603,059$31,041,004
96$62,050,898$3,637,850$494,745$33,972,269
97$68,247,525$3,683,541$378,755$37,197,380
98$75,072,033$3,727,294$254,704$40,746,250
99$82,588,334$3,768,885$122,190$44,651,845
100$90,866,854$3,808,070$0$48,950,498