Can I retire at age 55 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$73,578$72,923$72,283$71,659$71,050$69,332
2 years$36,425$35,746$35,089$34,451$33,833$32,113
3 years$24,042$23,361$22,705$22,073$21,465$19,796
4 years$17,852$17,173$16,523$15,903$15,309$13,704
5 years$14,139$13,463$12,823$12,215$11,638$10,101
6 years$11,664$10,994$10,363$9,768$9,209$7,742
7 years$9,897$9,233$8,611$8,031$7,489$6,093
8 years$8,573$7,914$7,303$6,737$6,213$4,887
9 years$7,543$6,891$6,290$5,738$5,232$3,975
10 years$6,720$6,074$5,484$4,947$4,458$3,268
11 years$6,046$5,407$4,828$4,305$3,834$2,709
12 years$5,486$4,853$4,285$3,776$3,323$2,261
13 years$5,012$4,386$3,828$3,334$2,897$1,898
14 years$4,606$3,987$3,440$2,959$2,540$1,600
15 years$4,255$3,642$3,105$2,639$2,236$1,353
16 years$3,947$3,341$2,816$2,363$1,976$1,148
17 years$3,677$3,077$2,562$2,123$1,752$977
18 years$3,436$2,843$2,339$1,913$1,558$833
19 years$3,221$2,635$2,141$1,729$1,389$711
20 years$3,028$2,449$1,965$1,566$1,240$608
21 years$2,854$2,281$1,807$1,421$1,110$521
22 years$2,695$2,129$1,666$1,292$995$446
23 years$2,551$1,991$1,538$1,177$893$383
24 years$2,419$1,866$1,422$1,073$803$329
25 years$2,297$1,751$1,317$980$722$283
26 years$2,185$1,646$1,222$896$651$243
27 years$2,082$1,549$1,135$820$587$209
28 years$1,986$1,459$1,055$752$529$180
29 years$1,897$1,377$982$689$478$155
30 years$1,814$1,300$914$633$432$133
31 years$1,736$1,229$852$581$391$115
32 years$1,664$1,163$795$534$353$99
33 years$1,596$1,101$743$491$320$85
34 years$1,532$1,044$694$452$289$74
35 years$1,472$990$649$416$262$63
36 years$1,415$940$607$383$238$55
37 years$1,362$893$568$353$215$47
38 years$1,311$848$532$325$195$41
39 years$1,263$807$498$300$177$35
40 years$1,218$767$467$277$161$30
41 years$1,175$730$438$255$146$26
42 years$1,134$696$411$236$132$22
43 years$1,096$663$385$217$120$19
44 years$1,059$632$362$201$109$17
45 years$1,023$603$340$185$99$14
46 years$990$575$319$171$90$12
47 years$958$549$300$158$81$11
48 years$927$524$282$146$74$9
49 years$898$500$265$135$67$8
50 years$870$478$249$125$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $891,000, adding $4,317 every year, while hoping to spend $54,001 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: 48/44/8 Blend
54$891,000$891,000$891,000$891,000
55$986,335$939,112$925,301$1,031,366
56$1,029,485$927,672$898,842$1,051,254
57$1,075,225$913,861$869,687$1,066,797
58$1,123,765$897,507$837,688$1,082,415
59$1,175,330$878,426$802,692$1,098,131
60$1,230,168$856,423$764,536$1,113,974
61$1,288,551$831,293$723,054$1,129,977
62$1,350,775$802,819$678,068$1,146,184
63$1,417,166$770,769$629,396$1,162,644
64$1,488,080$734,900$576,844$1,179,419
65$1,563,908$694,954$520,212$1,196,579
66$1,645,078$650,658$459,290$1,214,207
67$1,732,059$601,723$393,859$1,232,402
68$1,825,367$547,845$323,691$1,251,274
69$1,925,566$488,701$248,546$1,270,956
70$2,033,276$423,950$168,175$1,291,598
71$2,149,179$353,233$82,318$1,313,371
72$2,274,023$276,168$0$1,336,475
73$2,408,627$192,355$0$1,361,928
74$2,553,895$101,368$0$1,396,744
75$2,710,817$2,760$0$1,434,206
76$2,880,483$0$0$1,474,671
77$3,064,089$0$0$1,568,870
78$3,262,951$0$0$1,672,425
79$3,478,517$0$0$1,784,764
80$3,712,377$0$0$1,906,727
81$3,966,280$0$0$2,039,237
82$4,242,152$0$0$2,183,311
83$4,542,109$0$0$2,340,067
84$4,868,481$0$0$2,510,735
85$5,223,829$0$0$2,696,668
86$5,610,974$0$0$2,899,357
87$6,033,018$0$0$3,120,440
88$6,493,377$0$0$3,361,722
89$6,995,811$0$0$3,625,189
90$7,544,455$0$0$3,913,027
91$8,143,867$0$0$4,227,645
92$8,799,059$0$0$4,571,691
93$9,515,553$0$0$4,948,084
94$10,299,428$0$0$5,360,037
95$11,157,377$0$0$5,811,087
96$12,096,770$0$0$6,305,131
97$13,125,723$0$0$6,846,458
98$14,253,175$0$0$7,439,794
99$15,488,968$0$0$8,090,343
100$16,843,944$0$0$8,803,837