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%14.9%
1 years$73,908$73,250$72,608$71,981$71,369$69,928
2 years$36,588$35,907$35,246$34,606$33,985$32,540
3 years$24,150$23,466$22,807$22,172$21,561$20,157
4 years$17,932$17,250$16,597$15,974$15,378$14,024
5 years$14,202$13,524$12,880$12,270$11,690$10,392
6 years$11,716$11,043$10,409$9,812$9,250$8,009
7 years$9,942$9,274$8,650$8,067$7,523$6,338
8 years$8,611$7,950$7,336$6,767$6,241$5,113
9 years$7,577$6,922$6,318$5,764$5,256$4,184
10 years$6,750$6,101$5,509$4,969$4,478$3,461
11 years$6,074$5,431$4,850$4,324$3,851$2,888
12 years$5,511$4,875$4,304$3,793$3,337$2,426
13 years$5,035$4,406$3,845$3,349$2,910$2,050
14 years$4,627$4,004$3,455$2,973$2,551$1,739
15 years$4,274$3,658$3,119$2,651$2,246$1,482
16 years$3,965$3,356$2,828$2,374$1,985$1,266
17 years$3,693$3,091$2,574$2,133$1,760$1,085
18 years$3,452$2,856$2,349$1,922$1,565$932
19 years$3,236$2,647$2,151$1,737$1,395$802
20 years$3,042$2,460$1,974$1,573$1,246$691
21 years$2,867$2,291$1,816$1,428$1,115$596
22 years$2,707$2,139$1,673$1,298$1,000$515
23 years$2,562$2,000$1,545$1,182$897$445
24 years$2,429$1,874$1,429$1,078$806$385
25 years$2,307$1,759$1,323$985$726$334
26 years$2,195$1,653$1,227$900$654$289
27 years$2,091$1,556$1,140$824$589$251
28 years$1,995$1,466$1,060$755$532$218
29 years$1,905$1,383$986$692$480$189
30 years$1,822$1,306$918$635$434$164
31 years$1,744$1,235$856$584$392$142
32 years$1,671$1,168$799$536$355$124
33 years$1,603$1,106$746$493$321$108
34 years$1,539$1,049$697$454$291$94
35 years$1,478$995$652$418$263$81
36 years$1,421$944$610$385$239$71
37 years$1,368$897$571$354$216$61
38 years$1,317$852$534$327$196$53
39 years$1,269$810$501$301$178$46
40 years$1,224$771$469$278$161$40
41 years$1,180$734$440$256$146$35
42 years$1,139$699$413$237$133$31
43 years$1,100$666$387$218$120$27
44 years$1,063$635$363$202$109$23
45 years$1,028$605$341$186$99$20
46 years$994$577$321$172$90$18
47 years$962$551$301$159$82$15
48 years$931$526$283$147$74$13
49 years$902$502$266$136$68$12
50 years$874$480$250$125$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $895,000, adding $6,539 every year, while hoping to spend $33,615 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: 42/39/19 Blend
54$895,000$895,000$895,000$895,000
55$993,035$945,600$931,727$1,028,969
56$1,058,558$956,168$927,174$1,065,629
57$1,129,639$966,128$921,342$1,101,534
58$1,206,807$975,413$914,152$1,139,717
59$1,290,648$983,955$905,522$1,180,404
60$1,381,804$991,679$895,367$1,223,845
61$1,480,982$998,505$883,597$1,270,317
62$1,588,961$1,004,351$870,116$1,320,128
63$1,706,597$1,009,126$854,827$1,373,619
64$1,834,832$1,012,735$837,626$1,431,166
65$1,974,703$1,015,077$818,404$1,493,186
66$2,127,351$1,016,045$797,049$1,560,142
67$2,294,034$1,015,524$773,443$1,632,545
68$2,476,133$1,013,392$747,461$1,710,962
69$2,675,172$1,009,521$718,974$1,796,020
70$2,892,826$1,003,775$687,847$1,888,411
71$3,130,942$996,008$653,938$1,988,903
72$3,391,552$986,066$617,098$2,098,345
73$3,676,894$973,787$577,175$2,217,676
74$3,989,432$958,997$534,004$2,347,934
75$4,331,880$941,513$487,419$2,490,266
76$4,707,226$921,142$437,243$2,645,943
77$5,118,763$897,678$383,290$2,816,368
78$5,570,116$870,903$325,369$3,003,093
79$6,065,277$840,587$263,279$3,207,831
80$6,608,646$806,487$196,809$3,432,477
81$7,205,067$768,343$125,742$3,679,127
82$7,859,877$725,885$49,847$3,950,093
83$8,578,954$678,823$0$4,247,931
84$9,368,774$626,852$0$4,581,780
85$10,236,470$569,649$0$4,959,639
86$11,189,903$506,874$0$5,374,889
87$12,237,728$438,167$0$5,831,390
88$13,389,485$363,146$0$6,333,400
89$14,655,682$281,409$0$6,885,619
90$16,047,896$192,533$0$7,493,229
91$17,578,882$96,067$0$8,161,951
92$19,262,692$0$0$8,898,095
93$21,114,811$0$0$9,712,254
94$23,152,296$0$0$10,653,377
95$25,393,943$0$0$11,688,934
96$27,860,462$0$0$12,828,509
97$30,574,670$0$0$14,082,661
98$33,561,710$0$0$15,463,024
99$36,849,282$0$0$16,982,418
100$40,467,913$0$0$18,654,968