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%19.8%
1 years$73,495$72,841$72,202$71,579$70,970$68,181
2 years$36,384$35,706$35,050$34,413$33,795$31,020
3 years$24,015$23,334$22,679$22,049$21,441$18,766
4 years$17,832$17,153$16,505$15,885$15,292$12,738
5 years$14,123$13,448$12,808$12,201$11,625$9,198
6 years$11,651$10,982$10,351$9,757$9,198$6,901
7 years$9,886$9,222$8,602$8,022$7,481$5,312
8 years$8,563$7,905$7,295$6,729$6,206$4,163
9 years$7,534$6,883$6,283$5,732$5,226$3,306
10 years$6,712$6,067$5,478$4,941$4,453$2,653
11 years$6,040$5,401$4,823$4,300$3,830$2,145
12 years$5,480$4,848$4,280$3,772$3,319$1,744
13 years$5,006$4,381$3,824$3,330$2,894$1,426
14 years$4,601$3,982$3,436$2,956$2,537$1,170
15 years$4,250$3,638$3,102$2,636$2,234$962
16 years$3,943$3,338$2,812$2,360$1,974$794
17 years$3,673$3,074$2,559$2,121$1,750$656
18 years$3,432$2,840$2,336$1,911$1,556$544
19 years$3,218$2,632$2,139$1,727$1,387$451
20 years$3,025$2,446$1,963$1,564$1,239$374
21 years$2,851$2,278$1,805$1,420$1,109$311
22 years$2,692$2,127$1,664$1,291$994$259
23 years$2,548$1,989$1,536$1,175$892$215
24 years$2,416$1,864$1,421$1,072$802$179
25 years$2,295$1,749$1,316$979$722$149
26 years$2,183$1,644$1,221$895$650$124
27 years$2,079$1,547$1,133$819$586$104
28 years$1,984$1,458$1,054$751$529$86
29 years$1,895$1,375$980$688$477$72
30 years$1,812$1,299$913$632$431$60
31 years$1,734$1,228$851$580$390$50
32 years$1,662$1,162$794$533$353$42
33 years$1,594$1,100$742$490$319$35
34 years$1,530$1,043$693$451$289$29
35 years$1,470$989$648$415$262$24
36 years$1,414$939$606$383$237$20
37 years$1,360$892$567$352$215$17
38 years$1,310$847$531$325$195$14
39 years$1,262$806$498$300$177$12
40 years$1,217$767$467$276$160$10
41 years$1,174$730$437$255$145$8
42 years$1,133$695$410$235$132$7
43 years$1,094$662$385$217$120$6
44 years$1,057$631$361$201$109$5
45 years$1,022$602$339$185$99$4
46 years$989$574$319$171$90$3
47 years$957$548$299$158$81$3
48 years$926$523$281$146$74$2
49 years$897$499$265$135$67$2
50 years$869$477$249$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $890,000, adding $5,021 every year, while hoping to spend $46,976 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: 58/18/24 Blend
54$890,000$890,000$890,000$890,000
55$985,959$938,789$924,994$1,036,490
56$1,036,545$934,808$905,999$1,067,552
57$1,090,716$929,057$884,794$1,095,950
58$1,148,788$921,400$861,254$1,125,907
59$1,211,109$911,693$835,250$1,157,584
60$1,278,058$899,782$806,647$1,191,163
61$1,350,054$885,505$775,304$1,226,845
62$1,427,555$868,690$741,072$1,264,855
63$1,511,065$849,155$703,797$1,305,440
64$1,601,136$826,707$663,317$1,348,880
65$1,698,377$801,140$619,463$1,395,480
66$1,803,455$772,240$572,058$1,445,585
67$1,917,104$739,776$520,919$1,499,574
68$2,040,131$703,507$465,852$1,557,869
69$2,173,422$663,177$406,656$1,620,939
70$2,317,952$618,514$343,120$1,689,303
71$2,474,795$569,232$275,026$1,763,540
72$2,645,128$515,028$202,143$1,844,288
73$2,830,249$455,583$124,233$1,932,257
74$3,031,584$390,557$41,045$2,028,233
75$3,250,705$319,593$0$2,133,089
76$3,489,338$242,314$0$2,260,011
77$3,749,383$158,320$0$2,409,859
78$4,032,934$67,191$0$2,573,366
79$4,342,291$0$0$2,751,921
80$4,679,990$0$0$2,953,297
81$5,048,820$0$0$3,187,843
82$5,451,853$0$0$3,444,211
83$5,892,468$0$0$3,724,562
84$6,374,388$0$0$4,031,274
85$6,901,712$0$0$4,366,964
86$7,478,953$0$0$4,734,517
87$8,111,081$0$0$5,137,108
88$8,803,568$0$0$5,578,232
89$9,562,441$0$0$6,061,740
90$10,394,337$0$0$6,591,874
91$11,306,568$0$0$7,173,305
92$12,307,184$0$0$7,811,176
93$13,405,055$0$0$8,511,156
94$14,609,948$0$0$9,279,486
95$15,932,625$0$0$10,123,042
96$17,384,937$0$0$11,049,397
97$18,979,940$0$0$12,066,896
98$20,732,020$0$0$13,184,728
99$22,657,019$0$0$14,413,021
100$24,772,393$0$0$15,762,928