Can I retire at age 55 with 890,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$73,495$72,841$72,202$71,579$70,970$69,395
2 years$36,384$35,706$35,050$34,413$33,795$32,217
3 years$24,015$23,334$22,679$22,049$21,441$19,908
4 years$17,832$17,153$16,505$15,885$15,292$13,817
5 years$14,123$13,448$12,808$12,201$11,625$10,211
6 years$11,651$10,982$10,351$9,757$9,198$7,848
7 years$9,886$9,222$8,602$8,022$7,481$6,194
8 years$8,563$7,905$7,295$6,729$6,206$4,982
9 years$7,534$6,883$6,283$5,732$5,226$4,064
10 years$6,712$6,067$5,478$4,941$4,453$3,352
11 years$6,040$5,401$4,823$4,300$3,830$2,788
12 years$5,480$4,848$4,280$3,772$3,319$2,334
13 years$5,006$4,381$3,824$3,330$2,894$1,966
14 years$4,601$3,982$3,436$2,956$2,537$1,663
15 years$4,250$3,638$3,102$2,636$2,234$1,411
16 years$3,943$3,338$2,812$2,360$1,974$1,202
17 years$3,673$3,074$2,559$2,121$1,750$1,026
18 years$3,432$2,840$2,336$1,911$1,556$878
19 years$3,218$2,632$2,139$1,727$1,387$752
20 years$3,025$2,446$1,963$1,564$1,239$646
21 years$2,851$2,278$1,805$1,420$1,109$555
22 years$2,692$2,127$1,664$1,291$994$478
23 years$2,548$1,989$1,536$1,175$892$412
24 years$2,416$1,864$1,421$1,072$802$355
25 years$2,295$1,749$1,316$979$722$306
26 years$2,183$1,644$1,221$895$650$264
27 years$2,079$1,547$1,133$819$586$228
28 years$1,984$1,458$1,054$751$529$197
29 years$1,895$1,375$980$688$477$171
30 years$1,812$1,299$913$632$431$147
31 years$1,734$1,228$851$580$390$128
32 years$1,662$1,162$794$533$353$110
33 years$1,594$1,100$742$490$319$95
34 years$1,530$1,043$693$451$289$83
35 years$1,470$989$648$415$262$72
36 years$1,414$939$606$383$237$62
37 years$1,360$892$567$352$215$54
38 years$1,310$847$531$325$195$46
39 years$1,262$806$498$300$177$40
40 years$1,217$767$467$276$160$35
41 years$1,174$730$437$255$145$30
42 years$1,133$695$410$235$132$26
43 years$1,094$662$385$217$120$23
44 years$1,057$631$361$201$109$20
45 years$1,022$602$339$185$99$17
46 years$989$574$319$171$90$15
47 years$957$548$299$158$81$13
48 years$926$523$281$146$74$11
49 years$897$499$265$135$67$10
50 years$869$477$249$125$61$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $890,000, adding $3,468 every year, while hoping to spend $34,098 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: 28/50/22 Blend
54$890,000$890,000$890,000$890,000
55$984,357$937,187$923,392$1,005,024
56$1,048,482$946,829$918,046$1,031,060
57$1,118,004$955,801$911,378$1,055,770
58$1,193,439$964,034$903,307$1,081,601
59$1,275,352$971,454$893,750$1,108,668
60$1,364,366$977,983$882,619$1,137,104
61$1,461,166$983,539$869,821$1,167,055
62$1,566,504$988,032$855,260$1,198,685
63$1,681,211$991,369$838,835$1,232,177
64$1,806,198$993,449$820,439$1,267,738
65$1,942,469$994,167$799,962$1,305,595
66$2,091,129$993,409$777,289$1,346,004
67$2,253,394$991,056$752,298$1,389,250
68$2,430,602$986,980$724,862$1,435,650
69$2,624,227$981,046$694,849$1,485,559
70$2,835,892$973,111$662,120$1,539,370
71$3,067,383$963,023$626,531$1,597,523
72$3,320,666$950,621$587,929$1,660,504
73$3,597,906$935,734$546,158$1,728,857
74$3,901,489$918,181$501,050$1,803,185
75$4,234,040$897,772$452,435$1,884,159
76$4,598,451$874,302$400,130$1,972,524
77$4,997,908$847,556$343,949$2,069,106
78$5,435,916$817,309$283,693$2,174,826
79$5,916,341$783,318$219,158$2,290,701
80$6,443,437$745,330$150,129$2,417,862
81$7,021,890$703,074$76,381$2,557,564
82$7,656,865$656,266$0$2,711,197
83$8,354,047$604,605$0$2,880,848
84$9,119,702$547,773$0$3,086,849
85$9,960,730$485,432$0$3,313,204
86$10,884,734$417,228$0$3,562,072
87$11,900,088$342,783$0$3,835,840
88$13,016,020$261,702$0$4,137,146
89$14,242,693$173,565$0$4,468,906
90$15,591,307$77,929$0$4,834,342
91$17,074,199$0$0$5,237,016
92$18,704,962$0$0$5,694,988
93$20,498,573$0$0$6,246,011
94$22,471,531$0$0$6,852,298
95$24,642,018$0$0$7,519,455
96$27,030,063$0$0$8,253,662
97$29,657,738$0$0$9,061,725
98$32,549,360$0$0$9,951,146
99$35,731,724$0$0$10,930,189
100$39,234,351$0$0$12,007,961