Can I retire at age 55 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$73,661$73,004$72,364$71,739$71,129$70,328
2 years$36,466$35,786$35,128$34,490$33,871$33,064
3 years$24,069$23,387$22,730$22,098$21,489$20,702
4 years$17,872$17,192$16,542$15,920$15,326$14,565
5 years$14,154$13,479$12,837$12,228$11,651$10,917
6 years$11,677$11,006$10,374$9,779$9,219$8,514
7 years$9,908$9,243$8,621$8,040$7,497$6,822
8 years$8,582$7,923$7,311$6,745$6,220$5,574
9 years$7,551$6,898$6,297$5,745$5,238$4,621
10 years$6,727$6,081$5,490$4,952$4,463$3,874
11 years$6,053$5,413$4,833$4,310$3,838$3,277
12 years$5,492$4,859$4,290$3,780$3,326$2,793
13 years$5,018$4,391$3,832$3,337$2,901$2,393
14 years$4,611$3,991$3,443$2,963$2,543$2,062
15 years$4,259$3,646$3,109$2,642$2,239$1,783
16 years$3,952$3,345$2,819$2,366$1,979$1,547
17 years$3,681$3,081$2,565$2,126$1,754$1,347
18 years$3,440$2,847$2,341$1,916$1,560$1,175
19 years$3,225$2,638$2,143$1,731$1,390$1,027
20 years$3,032$2,452$1,967$1,568$1,242$900
21 years$2,857$2,284$1,809$1,423$1,111$789
22 years$2,698$2,132$1,668$1,294$996$694
23 years$2,554$1,994$1,540$1,178$894$610
24 years$2,421$1,868$1,424$1,075$804$537
25 years$2,300$1,753$1,319$981$723$473
26 years$2,188$1,648$1,223$897$651$418
27 years$2,084$1,551$1,136$821$587$369
28 years$1,988$1,461$1,056$752$530$326
29 years$1,899$1,378$983$690$479$288
30 years$1,816$1,302$915$633$432$254
31 years$1,738$1,231$853$582$391$225
32 years$1,666$1,164$796$535$354$199
33 years$1,597$1,103$743$492$320$176
34 years$1,534$1,045$695$452$290$156
35 years$1,473$991$649$416$262$138
36 years$1,417$941$607$383$238$122
37 years$1,363$894$569$353$216$108
38 years$1,313$849$532$326$195$96
39 years$1,265$807$499$300$177$85
40 years$1,220$768$468$277$161$75
41 years$1,176$731$438$255$146$67
42 years$1,136$696$411$236$132$59
43 years$1,097$664$386$218$120$53
44 years$1,060$633$362$201$109$47
45 years$1,025$603$340$186$99$41
46 years$991$575$319$171$90$37
47 years$959$549$300$158$82$33
48 years$928$524$282$146$74$29
49 years$899$501$265$135$67$26
50 years$871$478$249$125$61$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $892,000, adding $3,674 every year, while hoping to spend $31,046 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: 68/26/6 Blend
54$892,000$892,000$892,000$892,000
55$986,774$939,498$925,672$1,052,770
56$1,054,392$952,500$923,649$1,109,958
57$1,127,867$965,100$920,518$1,168,347
58$1,207,763$977,243$916,209$1,231,353
59$1,294,701$988,874$910,648$1,299,421
60$1,389,365$999,933$903,759$1,373,044
61$1,492,506$1,010,357$895,462$1,452,761
62$1,604,953$1,020,075$885,671$1,539,170
63$1,727,616$1,029,017$874,299$1,632,928
64$1,861,498$1,037,104$861,253$1,734,759
65$2,007,703$1,044,254$846,437$1,845,462
66$2,167,444$1,050,378$829,748$1,965,918
67$2,342,061$1,055,384$811,082$2,097,095
68$2,533,025$1,059,171$790,327$2,240,065
69$2,741,957$1,061,635$767,367$2,396,006
70$2,970,643$1,062,661$742,080$2,566,217
71$3,221,049$1,062,132$714,340$2,752,132
72$3,495,340$1,059,920$684,014$2,955,330
73$3,795,899$1,055,891$650,963$3,177,552
74$4,125,352$1,049,901$615,042$3,420,718
75$4,486,591$1,041,799$576,099$3,686,945
76$4,882,801$1,031,425$533,975$3,978,564
77$5,317,489$1,018,607$488,506$4,298,150
78$5,794,520$1,003,165$439,518$4,648,536
79$6,318,149$984,909$386,830$5,032,849
80$6,893,064$963,634$330,253$5,454,536
81$7,524,431$939,126$269,591$5,917,395
82$8,217,938$911,158$204,637$6,425,616
83$8,979,852$879,489$135,177$6,983,815
84$9,817,078$843,865$60,986$7,597,084
85$10,737,220$804,015$0$8,271,033
86$11,748,660$759,655$0$9,013,015
87$12,860,628$710,482$0$9,832,926
88$14,083,295$656,179$0$10,734,394
89$15,427,867$596,408$0$11,725,722
90$16,906,690$530,812$0$12,816,067
91$18,533,366$459,016$0$14,015,517
92$20,322,882$380,620$0$15,335,195
93$22,291,751$295,205$0$16,787,361
94$24,458,166$202,327$0$18,385,526
95$26,842,174$101,517$0$20,144,586
96$29,465,864$0$0$22,080,958
97$32,353,572$0$0$24,214,945
98$35,532,115$0$0$26,595,888
99$39,031,042$0$0$29,216,884
100$42,882,910$0$0$32,102,330