Can I retire at age 55 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$74,073$73,414$72,770$72,142$71,528$68,963
2 years$36,670$35,987$35,325$34,683$34,061$31,504
3 years$24,204$23,518$22,858$22,222$21,610$19,142
4 years$17,972$17,288$16,635$16,010$15,412$13,052
5 years$14,234$13,554$12,909$12,297$11,716$9,470
6 years$11,743$11,068$10,432$9,834$9,271$7,140
7 years$9,964$9,295$8,669$8,085$7,539$5,524
8 years$8,630$7,967$7,352$6,782$6,255$4,353
9 years$7,594$6,937$6,333$5,777$5,267$3,476
10 years$6,765$6,115$5,521$4,980$4,488$2,805
11 years$6,087$5,444$4,861$4,334$3,860$2,281
12 years$5,523$4,886$4,314$3,802$3,345$1,866
13 years$5,046$4,415$3,854$3,356$2,917$1,535
14 years$4,637$4,013$3,463$2,979$2,557$1,267
15 years$4,283$3,666$3,126$2,657$2,251$1,049
16 years$3,974$3,364$2,835$2,379$1,990$872
17 years$3,701$3,098$2,579$2,138$1,764$725
18 years$3,459$2,863$2,355$1,926$1,569$605
19 years$3,243$2,653$2,156$1,741$1,398$505
20 years$3,049$2,465$1,978$1,576$1,249$422
21 years$2,873$2,296$1,820$1,431$1,118$353
22 years$2,713$2,144$1,677$1,301$1,002$296
23 years$2,568$2,005$1,548$1,185$899$248
24 years$2,435$1,878$1,432$1,081$808$208
25 years$2,313$1,763$1,326$987$727$174
26 years$2,200$1,657$1,230$902$655$146
27 years$2,096$1,559$1,142$826$591$123
28 years$1,999$1,469$1,062$757$533$103
29 years$1,909$1,386$988$694$481$87
30 years$1,826$1,309$920$637$435$73
31 years$1,748$1,237$858$585$393$61
32 years$1,675$1,171$801$538$356$51
33 years$1,606$1,109$748$494$322$43
34 years$1,542$1,051$698$455$291$36
35 years$1,482$997$653$419$264$31
36 years$1,425$946$611$386$239$26
37 years$1,371$899$572$355$217$22
38 years$1,320$854$535$327$196$18
39 years$1,272$812$502$302$178$15
40 years$1,226$773$470$278$162$13
41 years$1,183$735$441$257$147$11
42 years$1,142$700$414$237$133$9
43 years$1,103$667$388$219$121$8
44 years$1,066$636$364$202$110$6
45 years$1,030$607$342$187$99$5
46 years$997$579$321$172$90$5
47 years$964$552$302$159$82$4
48 years$933$527$284$147$74$3
49 years$904$503$267$136$68$3
50 years$876$481$251$126$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $897,000, adding $5,485 every year, while hoping to spend $58,857 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: 27/46/27 Blend
54$897,000$897,000$897,000$897,000
55$994,152$946,611$932,707$1,012,510
56$1,032,932$930,371$901,330$1,011,494
57$1,073,695$911,363$866,928$1,004,968
58$1,116,581$889,389$829,339$996,756
59$1,161,743$864,240$788,393$986,756
60$1,209,346$835,693$743,909$974,860
61$1,259,571$803,514$695,702$960,956
62$1,312,616$767,455$643,577$944,930
63$1,368,695$727,253$587,329$926,662
64$1,428,044$682,630$526,746$906,028
65$1,490,918$633,292$461,606$882,900
66$1,557,597$578,929$391,675$857,148
67$1,628,388$519,212$316,712$828,636
68$1,703,624$453,795$236,463$797,227
69$1,783,673$382,310$150,664$762,777
70$1,868,935$304,370$59,038$725,144
71$1,959,848$219,566$0$684,178
72$2,056,893$127,465$0$650,894
73$2,160,596$27,611$0$632,854
74$2,271,535$0$0$612,971
75$2,390,343$0$0$631,923
76$2,517,713$0$0$667,322
77$2,654,406$0$0$705,417
78$2,801,259$0$0$746,454
79$2,959,188$0$0$790,703
80$3,129,200$0$0$838,460
81$3,312,401$0$0$890,053
82$3,510,005$0$0$945,839
83$3,723,346$0$0$1,006,213
84$3,953,891$0$0$1,071,608
85$4,203,250$0$0$1,142,500
86$4,473,195$0$0$1,219,413
87$4,765,673$0$0$1,302,924
88$5,082,824$0$0$1,393,665
89$5,427,003$0$0$1,492,333
90$5,800,798$0$0$1,599,696
91$6,207,058$0$0$1,716,597
92$6,648,916$0$0$1,843,964
93$7,129,819$0$0$1,982,820
94$7,653,559$0$0$2,134,288
95$8,224,310$0$0$2,299,607
96$8,846,666$0$0$2,480,137
97$9,525,681$0$0$2,677,381
98$10,266,921$0$0$2,892,987
99$11,076,510$0$0$3,128,774
100$11,961,192$0$0$3,386,744