Can I retire at age 55 with 899,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$74,239$73,577$72,932$72,302$71,688$69,841
2 years$36,752$36,067$35,404$34,761$34,137$32,289
3 years$24,258$23,570$22,909$22,272$21,658$19,866
4 years$18,012$17,327$16,672$16,045$15,447$13,725
5 years$14,266$13,584$12,938$12,324$11,742$10,095
6 years$11,769$11,093$10,456$9,856$9,291$7,721
7 years$9,986$9,316$8,689$8,103$7,556$6,063
8 years$8,650$7,985$7,369$6,797$6,269$4,851
9 years$7,611$6,953$6,347$5,790$5,279$3,936
10 years$6,780$6,128$5,533$4,991$4,498$3,228
11 years$6,101$5,456$4,871$4,344$3,868$2,669
12 years$5,535$4,897$4,323$3,810$3,352$2,222
13 years$5,057$4,425$3,862$3,364$2,923$1,860
14 years$4,647$4,022$3,470$2,986$2,563$1,563
15 years$4,293$3,675$3,133$2,663$2,256$1,319
16 years$3,983$3,371$2,841$2,384$1,994$1,116
17 years$3,710$3,105$2,585$2,142$1,768$947
18 years$3,467$2,869$2,360$1,931$1,572$804
19 years$3,250$2,659$2,160$1,744$1,401$685
20 years$3,055$2,471$1,983$1,580$1,252$584
21 years$2,879$2,302$1,824$1,434$1,120$499
22 years$2,719$2,148$1,681$1,304$1,004$426
23 years$2,574$2,009$1,552$1,187$901$364
24 years$2,440$1,883$1,435$1,083$810$312
25 years$2,318$1,767$1,329$989$729$267
26 years$2,205$1,660$1,233$904$657$229
27 years$2,100$1,563$1,145$828$592$196
28 years$2,004$1,473$1,064$758$534$168
29 years$1,914$1,389$990$695$482$145
30 years$1,830$1,312$923$638$436$124
31 years$1,752$1,240$860$586$394$107
32 years$1,679$1,173$802$539$356$91
33 years$1,610$1,111$749$495$323$79
34 years$1,546$1,053$700$456$292$67
35 years$1,485$999$654$420$265$58
36 years$1,428$948$612$386$240$50
37 years$1,374$901$573$356$217$43
38 years$1,323$856$537$328$197$37
39 years$1,275$814$503$303$179$32
40 years$1,229$774$471$279$162$27
41 years$1,186$737$442$258$147$23
42 years$1,145$702$415$238$133$20
43 years$1,105$669$389$219$121$17
44 years$1,068$638$365$203$110$15
45 years$1,033$608$343$187$100$13
46 years$999$580$322$173$91$11
47 years$966$553$302$160$82$9
48 years$936$528$284$148$75$8
49 years$906$505$267$136$68$7
50 years$878$482$251$126$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $899,000, adding $5,926 every year, while hoping to spend $52,293 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: 50/29/21 Blend
54$899,000$899,000$899,000$899,000
55$996,811$949,164$935,229$1,040,524
56$1,042,846$940,033$910,920$1,062,297
57$1,091,824$928,703$884,044$1,080,131
58$1,143,991$915,010$854,459$1,098,418
59$1,199,613$898,780$822,019$1,117,223
60$1,258,985$879,833$786,569$1,136,618
61$1,322,430$857,972$747,946$1,156,687
62$1,390,298$832,994$705,984$1,177,524
63$1,462,979$804,680$660,504$1,199,240
64$1,540,895$772,802$611,323$1,221,958
65$1,624,513$737,116$558,249$1,245,818
66$1,714,342$697,364$501,080$1,270,981
67$1,810,944$653,274$439,605$1,297,626
68$1,914,935$604,558$373,606$1,325,959
69$2,026,989$550,913$302,853$1,356,210
70$2,147,851$492,016$227,107$1,388,637
71$2,278,334$427,527$146,118$1,423,534
72$2,419,336$357,088$59,625$1,461,227
73$2,571,841$280,319$0$1,502,086
74$2,736,933$196,818$0$1,553,845
75$2,915,801$106,163$0$1,624,380
76$3,109,754$7,906$0$1,700,900
77$3,320,231$0$0$1,784,054
78$3,548,816$0$0$1,905,972
79$3,797,248$0$0$2,041,301
80$4,067,444$0$0$2,188,573
81$4,361,511$0$0$2,348,948
82$4,681,767$0$0$2,523,700
83$5,030,763$0$0$2,714,234
84$5,411,308$0$0$2,922,096
85$5,826,492$0$0$3,148,987
86$6,279,716$0$0$3,396,780
87$6,774,725$0$0$3,667,534
88$7,315,641$0$0$3,963,521
89$7,907,003$0$0$4,287,238
90$8,553,805$0$0$4,641,436
91$9,261,551$0$0$5,029,145
92$10,036,298$0$0$5,453,701
93$10,884,716$0$0$5,918,776
94$11,814,151$0$0$6,428,415
95$12,832,693$0$0$6,987,075
96$13,949,251$0$0$7,599,660
97$15,173,639$0$0$8,271,577
98$16,516,663$0$0$9,008,777
99$17,990,228$0$0$9,817,816
100$19,607,446$0$0$10,705,917