Can I retire at age 55 with 890,000?

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 $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%13.9%
1 years$73,495$72,841$72,202$71,579$70,970$69,823
2 years$36,384$35,706$35,050$34,413$33,795$32,643
3 years$24,015$23,334$22,679$22,049$21,441$20,319
4 years$17,832$17,153$16,505$15,885$15,292$14,209
5 years$14,123$13,448$12,808$12,201$11,625$10,584
6 years$11,651$10,982$10,351$9,757$9,198$8,201
7 years$9,886$9,222$8,602$8,022$7,481$6,527
8 years$8,563$7,905$7,295$6,729$6,206$5,296
9 years$7,534$6,883$6,283$5,732$5,226$4,359
10 years$6,712$6,067$5,478$4,941$4,453$3,628
11 years$6,040$5,401$4,823$4,300$3,830$3,047
12 years$5,480$4,848$4,280$3,772$3,319$2,576
13 years$5,006$4,381$3,824$3,330$2,894$2,191
14 years$4,601$3,982$3,436$2,956$2,537$1,872
15 years$4,250$3,638$3,102$2,636$2,234$1,606
16 years$3,943$3,338$2,812$2,360$1,974$1,382
17 years$3,673$3,074$2,559$2,121$1,750$1,192
18 years$3,432$2,840$2,336$1,911$1,556$1,031
19 years$3,218$2,632$2,139$1,727$1,387$894
20 years$3,025$2,446$1,963$1,564$1,239$776
21 years$2,851$2,278$1,805$1,420$1,109$675
22 years$2,692$2,127$1,664$1,291$994$588
23 years$2,548$1,989$1,536$1,175$892$512
24 years$2,416$1,864$1,421$1,072$802$447
25 years$2,295$1,749$1,316$979$722$390
26 years$2,183$1,644$1,221$895$650$341
27 years$2,079$1,547$1,133$819$586$298
28 years$1,984$1,458$1,054$751$529$261
29 years$1,895$1,375$980$688$477$228
30 years$1,812$1,299$913$632$431$200
31 years$1,734$1,228$851$580$390$175
32 years$1,662$1,162$794$533$353$153
33 years$1,594$1,100$742$490$319$134
34 years$1,530$1,043$693$451$289$118
35 years$1,470$989$648$415$262$103
36 years$1,414$939$606$383$237$90
37 years$1,360$892$567$352$215$79
38 years$1,310$847$531$325$195$70
39 years$1,262$806$498$300$177$61
40 years$1,217$767$467$276$160$54
41 years$1,174$730$437$255$145$47
42 years$1,133$695$410$235$132$41
43 years$1,094$662$385$217$120$36
44 years$1,057$631$361$201$109$32
45 years$1,022$602$339$185$99$28
46 years$989$574$319$171$90$24
47 years$957$548$299$158$81$21
48 years$926$523$281$146$74$19
49 years$897$499$265$135$67$17
50 years$869$477$249$125$61$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $890,000, adding $4,631 every year, while hoping to spend $32,994 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: 29/45/26 Blend
54$890,000$890,000$890,000$890,000
55$985,557$938,387$924,592$1,006,089
56$1,050,978$949,262$920,460$1,033,426
57$1,121,967$959,565$915,085$1,059,598
58$1,199,056$969,232$908,388$1,087,067
59$1,282,831$978,196$900,291$1,115,966
60$1,373,938$986,386$890,708$1,146,447
61$1,473,085$993,724$879,553$1,178,675
62$1,581,055$1,000,132$866,733$1,212,837
63$1,698,705$1,005,521$852,151$1,249,142
64$1,826,982$1,009,800$835,707$1,287,821
65$1,966,926$1,012,872$817,295$1,329,132
66$2,119,682$1,014,633$796,804$1,373,363
67$2,286,511$1,014,971$774,119$1,420,834
68$2,468,802$1,013,771$749,118$1,471,899
69$2,668,082$1,010,908$721,676$1,526,956
70$2,886,033$1,006,250$691,659$1,586,444
71$3,124,508$999,656$658,929$1,650,852
72$3,385,547$990,978$623,343$1,720,722
73$3,671,396$980,059$584,748$1,796,658
74$3,984,528$966,731$542,986$1,879,329
75$4,327,666$950,818$497,893$1,969,476
76$4,703,812$932,131$449,295$2,067,926
77$5,116,268$910,473$397,014$2,175,590
78$5,568,673$885,632$340,860$2,293,482
79$6,065,036$857,386$280,637$2,422,726
80$6,609,771$825,500$216,140$2,564,566
81$7,207,742$789,723$147,155$2,720,380
82$7,864,304$749,792$73,457$2,891,697
83$8,585,359$705,428$0$3,080,207
84$9,377,407$656,335$0$3,289,223
85$10,247,608$602,201$0$3,541,219
86$11,203,852$542,697$0$3,818,160
87$12,254,828$477,473$0$4,122,657
88$13,410,112$406,161$0$4,457,597
89$14,680,252$328,371$0$4,826,166
90$16,076,869$243,692$0$5,231,883
91$17,612,766$151,689$0$5,678,634
92$19,302,051$51,904$0$6,170,710
93$21,160,265$0$0$6,712,849
94$23,204,533$0$0$7,338,083
95$25,453,724$0$0$8,054,435
96$27,928,625$0$0$8,842,841
97$30,652,142$0$0$9,710,621
98$33,649,515$0$0$10,665,838
99$36,948,551$0$0$11,717,376
100$40,579,893$0$0$12,875,025