Can I retire at age 55 with 893,000?

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 $893,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$73,743$73,086$72,445$71,820$71,209$70,790
2 years$36,506$35,827$35,168$34,529$33,909$33,486
3 years$24,096$23,413$22,756$22,123$21,513$21,100
4 years$17,892$17,211$16,560$15,938$15,343$14,943
5 years$14,170$13,494$12,852$12,242$11,664$11,277
6 years$11,690$11,019$10,386$9,790$9,229$8,856
7 years$9,919$9,253$8,631$8,049$7,506$7,147
8 years$8,592$7,932$7,320$6,752$6,227$5,883
9 years$7,560$6,906$6,304$5,751$5,244$4,914
10 years$6,735$6,087$5,496$4,958$4,468$4,153
11 years$6,060$5,419$4,839$4,315$3,843$3,541
12 years$5,498$4,864$4,294$3,785$3,330$3,042
13 years$5,023$4,396$3,837$3,341$2,904$2,629
14 years$4,616$3,996$3,447$2,966$2,545$2,284
15 years$4,264$3,650$3,112$2,645$2,241$1,993
16 years$3,956$3,349$2,822$2,368$1,981$1,745
17 years$3,685$3,084$2,568$2,128$1,756$1,532
18 years$3,444$2,850$2,344$1,918$1,562$1,349
19 years$3,229$2,641$2,146$1,733$1,392$1,191
20 years$3,035$2,454$1,969$1,569$1,243$1,053
21 years$2,860$2,286$1,811$1,424$1,113$933
22 years$2,701$2,134$1,670$1,295$997$828
23 years$2,557$1,996$1,542$1,179$895$735
24 years$2,424$1,870$1,426$1,076$805$654
25 years$2,302$1,755$1,320$982$724$582
26 years$2,190$1,649$1,225$898$652$519
27 years$2,086$1,552$1,137$822$588$463
28 years$1,990$1,463$1,057$753$531$413
29 years$1,901$1,380$984$691$479$369
30 years$1,818$1,303$916$634$433$329
31 years$1,740$1,232$854$582$391$294
32 years$1,667$1,166$797$535$354$263
33 years$1,599$1,104$744$492$320$236
34 years$1,535$1,046$695$453$290$211
35 years$1,475$992$650$417$263$189
36 years$1,418$942$608$384$238$169
37 years$1,365$895$569$354$216$151
38 years$1,314$850$533$326$196$136
39 years$1,266$808$499$301$177$122
40 years$1,221$769$468$277$161$109
41 years$1,178$732$439$256$146$98
42 years$1,137$697$412$236$132$88
43 years$1,098$664$386$218$120$79
44 years$1,061$633$363$201$109$70
45 years$1,026$604$341$186$99$63
46 years$992$576$320$172$90$57
47 years$960$550$300$159$82$51
48 years$929$525$282$147$74$46
49 years$900$501$265$135$67$41
50 years$872$479$250$125$61$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $893,000, adding $3,914 every year, while hoping to spend $26,890 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: 66/12/22 Blend
54$893,000$893,000$893,000$893,000
55$988,123$940,794$926,953$1,047,545
56$1,060,301$958,282$929,395$1,105,429
57$1,138,940$975,726$931,018$1,165,261
58$1,224,670$993,095$931,765$1,230,046
59$1,318,186$1,010,356$931,579$1,300,270
60$1,420,251$1,027,474$930,397$1,376,470
61$1,531,707$1,044,411$928,155$1,459,238
62$1,653,479$1,061,124$924,786$1,549,228
63$1,786,586$1,077,572$920,219$1,647,158
64$1,932,150$1,093,705$914,378$1,753,823
65$2,091,406$1,109,474$907,187$1,870,097
66$2,265,716$1,124,824$898,564$1,996,943
67$2,456,576$1,139,697$888,423$2,135,425
68$2,665,636$1,154,032$876,674$2,286,714
69$2,894,712$1,167,761$863,225$2,452,101
70$3,145,806$1,180,814$847,976$2,633,011
71$3,421,120$1,193,116$830,825$2,831,013
72$3,723,080$1,204,585$811,664$3,047,838
73$4,054,361$1,215,136$790,381$3,285,393
74$4,417,905$1,224,677$766,858$3,545,782
75$4,816,956$1,233,110$740,972$3,831,322
76$5,255,085$1,240,333$712,594$4,144,570
77$5,736,227$1,246,233$681,590$4,488,343
78$6,264,718$1,250,694$647,819$4,865,747
79$6,845,332$1,253,590$611,133$5,280,206
80$7,483,328$1,254,789$571,379$5,735,494
81$8,184,504$1,254,149$528,396$6,235,772
82$8,955,242$1,251,522$482,016$6,785,627
83$9,802,577$1,246,747$432,064$7,390,115
84$10,734,258$1,239,656$378,357$8,054,809
85$11,758,823$1,230,069$320,702$8,785,853
86$12,885,679$1,217,798$258,901$9,590,019
87$14,125,188$1,202,640$192,744$10,474,773
88$15,488,770$1,184,382$122,014$11,448,343
89$16,989,006$1,162,798$46,483$12,519,801
90$18,639,758$1,137,649$0$13,699,143
91$20,456,300$1,108,680$0$15,005,401
92$22,455,461$1,075,624$0$16,454,878
93$24,655,783$1,038,195$0$18,050,101
94$27,077,699$996,093$0$19,805,892
95$29,743,722$948,999$0$21,738,586
96$32,678,659$896,577$0$23,866,181
97$35,909,843$838,470$0$26,208,514
98$39,467,393$774,301$0$28,787,442
99$43,384,498$703,673$0$31,627,053
100$47,697,728$626,164$0$34,753,893