Can I retire at age 55 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$74,156$73,495$72,851$72,222$71,608$70,684
2 years$36,711$36,027$35,365$34,722$34,099$33,169
3 years$24,231$23,544$22,883$22,247$21,634$20,727
4 years$17,992$17,307$16,653$16,028$15,429$14,553
5 years$14,250$13,569$12,924$12,311$11,729$10,886
6 years$11,756$11,080$10,444$9,845$9,281$8,471
7 years$9,975$9,305$8,679$8,094$7,548$6,773
8 years$8,640$7,976$7,361$6,790$6,262$5,520
9 years$7,602$6,945$6,340$5,784$5,273$4,566
10 years$6,772$6,122$5,527$4,985$4,493$3,819
11 years$6,094$5,450$4,866$4,339$3,864$3,223
12 years$5,529$4,891$4,318$3,806$3,349$2,739
13 years$5,051$4,420$3,858$3,360$2,920$2,341
14 years$4,642$4,018$3,467$2,983$2,560$2,011
15 years$4,288$3,670$3,130$2,660$2,254$1,735
16 years$3,978$3,368$2,838$2,382$1,992$1,501
17 years$3,706$3,101$2,582$2,140$1,766$1,303
18 years$3,463$2,866$2,357$1,928$1,570$1,133
19 years$3,247$2,656$2,158$1,743$1,400$988
20 years$3,052$2,468$1,980$1,578$1,250$863
21 years$2,876$2,299$1,822$1,432$1,119$755
22 years$2,716$2,146$1,679$1,302$1,003$661
23 years$2,571$2,007$1,550$1,186$900$580
24 years$2,438$1,881$1,434$1,082$809$509
25 years$2,315$1,765$1,328$988$728$447
26 years$2,202$1,659$1,231$903$656$393
27 years$2,098$1,561$1,144$827$591$346
28 years$2,001$1,471$1,063$758$534$305
29 years$1,912$1,388$989$695$482$268
30 years$1,828$1,310$921$638$435$236
31 years$1,750$1,239$859$586$394$208
32 years$1,677$1,172$802$538$356$184
33 years$1,608$1,110$748$495$322$162
34 years$1,544$1,052$699$455$292$143
35 years$1,483$998$654$419$264$126
36 years$1,426$947$612$386$239$111
37 years$1,372$900$572$356$217$98
38 years$1,322$855$536$328$197$87
39 years$1,273$813$502$302$178$77
40 years$1,228$773$471$279$162$68
41 years$1,184$736$441$257$147$60
42 years$1,143$701$414$237$133$53
43 years$1,104$668$389$219$121$47
44 years$1,067$637$365$202$110$41
45 years$1,031$607$342$187$100$37
46 years$998$579$322$173$90$32
47 years$965$553$302$159$82$29
48 years$935$528$284$147$75$25
49 years$905$504$267$136$68$22
50 years$877$481$251$126$62$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $898,000, adding $4,057 every year, while hoping to spend $34,399 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: 79/11/10 Blend
54$898,000$898,000$898,000$898,000
55$993,781$946,187$932,268$1,070,322
56$1,058,546$955,950$926,898$1,130,920
57$1,128,765$965,038$920,196$1,192,510
58$1,204,956$973,382$912,081$1,259,071
59$1,287,693$980,909$902,466$1,331,084
60$1,377,603$987,539$891,264$1,409,079
61$1,475,379$993,189$878,382$1,493,638
62$1,581,782$997,769$863,722$1,585,404
63$1,697,649$1,001,186$847,182$1,685,084
64$1,823,902$1,003,337$828,656$1,793,459
65$1,961,555$1,004,115$808,031$1,911,387
66$2,111,725$1,003,408$785,191$2,039,816
67$2,275,640$1,001,095$760,014$2,179,789
68$2,454,653$997,046$732,372$2,332,455
69$2,650,252$991,126$702,132$2,499,081
70$2,864,078$983,190$669,152$2,681,062
71$3,097,933$973,086$633,289$2,879,939
72$3,353,806$960,651$594,387$3,097,405
73$3,633,884$945,713$552,289$3,335,331
74$3,940,577$928,090$506,828$3,595,774
75$4,276,538$907,588$457,829$3,881,005
76$4,644,688$884,003$405,109$4,193,525
77$5,048,246$857,119$348,480$4,536,091
78$5,490,756$826,707$287,743$4,911,742
79$5,976,121$792,523$222,690$5,323,827
80$6,508,640$754,311$153,105$5,776,037
81$7,093,049$711,800$78,762$6,272,440
82$7,734,564$664,703$0$6,817,520
83$8,438,932$612,716$0$7,416,280
84$9,212,482$555,518$0$8,083,080
85$10,062,186$492,769$0$8,815,536
86$10,995,726$424,112$0$9,620,296
87$12,021,564$349,167$0$10,504,681
88$13,149,022$267,535$0$11,476,761
89$14,388,371$178,792$0$12,545,430
90$15,750,924$82,493$0$13,720,485
91$17,249,149$0$0$15,012,724
92$18,896,779$0$0$16,436,691
93$20,708,946$0$0$18,013,872
94$22,702,322$0$0$19,748,795
95$24,895,276$0$0$21,657,452
96$27,308,047$0$0$23,757,462
97$29,962,934$0$0$26,068,237
98$32,884,507$0$0$28,611,169
99$36,099,840$0$0$31,409,824
100$39,638,762$0$0$34,490,173