Can I retire at age 55 with 895,000?

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 $895,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$73,908$73,250$72,608$71,981$71,369$69,223
2 years$36,588$35,907$35,246$34,606$33,985$31,841
3 years$24,150$23,466$22,807$22,172$21,561$19,487
4 years$17,932$17,250$16,597$15,974$15,378$13,388
5 years$14,202$13,524$12,880$12,270$11,690$9,791
6 years$11,716$11,043$10,409$9,812$9,250$7,443
7 years$9,942$9,274$8,650$8,067$7,523$5,808
8 years$8,611$7,950$7,336$6,767$6,241$4,617
9 years$7,577$6,922$6,318$5,764$5,256$3,721
10 years$6,750$6,101$5,509$4,969$4,478$3,031
11 years$6,074$5,431$4,850$4,324$3,851$2,489
12 years$5,511$4,875$4,304$3,793$3,337$2,057
13 years$5,035$4,406$3,845$3,349$2,910$1,709
14 years$4,627$4,004$3,455$2,973$2,551$1,426
15 years$4,274$3,658$3,119$2,651$2,246$1,193
16 years$3,965$3,356$2,828$2,374$1,985$1,002
17 years$3,693$3,091$2,574$2,133$1,760$843
18 years$3,452$2,856$2,349$1,922$1,565$711
19 years$3,236$2,647$2,151$1,737$1,395$600
20 years$3,042$2,460$1,974$1,573$1,246$507
21 years$2,867$2,291$1,816$1,428$1,115$430
22 years$2,707$2,139$1,673$1,298$1,000$364
23 years$2,562$2,000$1,545$1,182$897$309
24 years$2,429$1,874$1,429$1,078$806$262
25 years$2,307$1,759$1,323$985$726$222
26 years$2,195$1,653$1,227$900$654$189
27 years$2,091$1,556$1,140$824$589$161
28 years$1,995$1,466$1,060$755$532$136
29 years$1,905$1,383$986$692$480$116
30 years$1,822$1,306$918$635$434$99
31 years$1,744$1,235$856$584$392$84
32 years$1,671$1,168$799$536$355$71
33 years$1,603$1,106$746$493$321$61
34 years$1,539$1,049$697$454$291$52
35 years$1,478$995$652$418$263$44
36 years$1,421$944$610$385$239$38
37 years$1,368$897$571$354$216$32
38 years$1,317$852$534$327$196$27
39 years$1,269$810$501$301$178$23
40 years$1,224$771$469$278$161$20
41 years$1,180$734$440$256$146$17
42 years$1,139$699$413$237$133$14
43 years$1,100$666$387$218$120$12
44 years$1,063$635$363$202$109$10
45 years$1,028$605$341$186$99$9
46 years$994$577$321$172$90$8
47 years$962$551$301$159$82$6
48 years$931$526$283$147$74$5
49 years$902$502$266$136$68$5
50 years$874$480$250$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $895,000, adding $2,441 every year, while hoping to spend $48,283 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: 32/43/25 Blend
54$895,000$895,000$895,000$895,000
55$988,808$941,373$927,500$1,012,805
56$1,038,294$936,127$907,199$1,025,990
57$1,091,209$929,007$884,599$1,035,699
58$1,147,852$919,868$859,573$1,045,189
59$1,208,550$908,559$831,987$1,054,472
60$1,273,665$894,921$801,700$1,063,567
61$1,343,588$878,782$768,567$1,072,498
62$1,418,755$859,962$732,434$1,081,297
63$1,499,639$838,272$693,142$1,090,005
64$1,586,762$813,508$650,523$1,098,671
65$1,680,699$785,456$604,402$1,107,356
66$1,782,077$753,891$554,597$1,116,132
67$1,891,590$718,572$500,916$1,125,087
68$2,009,996$679,246$443,161$1,134,322
69$2,138,133$635,646$381,124$1,143,958
70$2,276,917$587,487$314,586$1,154,135
71$2,427,359$534,471$243,322$1,165,015
72$2,590,569$476,280$167,093$1,176,785
73$2,767,769$412,579$85,652$1,189,662
74$2,960,302$343,016$0$1,203,894
75$3,169,645$267,216$0$1,220,099
76$3,397,424$184,784$0$1,262,667
77$3,645,427$95,305$0$1,309,171
78$3,915,622$0$0$1,360,104
79$4,210,176$0$0$1,416,808
80$4,531,472$0$0$1,527,972
81$4,882,134$0$0$1,649,424
82$5,265,050$0$0$1,782,180
83$5,683,398$0$0$1,927,360
84$6,140,679$0$0$2,086,196
85$6,640,747$0$0$2,260,043
86$7,187,843$0$0$2,450,396
87$7,786,641$0$0$2,658,900
88$8,442,283$0$0$2,887,366
89$9,160,435$0$0$3,137,788
90$9,947,335$0$0$3,412,366
91$10,809,854$0$0$3,713,517
92$11,755,558$0$0$4,043,909
93$12,792,782$0$0$4,406,476
94$13,930,704$0$0$4,804,452
95$15,179,436$0$0$5,241,401
96$16,550,114$0$0$5,721,246
97$18,055,007$0$0$6,248,309
98$19,707,627$0$0$6,827,352
99$21,522,861$0$0$7,463,623
100$23,517,108$0$0$8,162,899