Can I retire at age 55 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$74,321$73,659$73,013$72,383$71,767$70,004
2 years$36,793$36,107$35,443$34,799$34,175$32,409
3 years$24,285$23,597$22,934$22,296$21,682$19,969
4 years$18,032$17,346$16,690$16,063$15,464$13,817
5 years$14,281$13,599$12,952$12,338$11,755$10,179
6 years$11,782$11,105$10,467$9,867$9,302$7,798
7 years$9,997$9,326$8,698$8,112$7,565$6,133
8 years$8,659$7,994$7,377$6,805$6,276$4,916
9 years$7,619$6,960$6,354$5,796$5,285$3,996
10 years$6,787$6,135$5,539$4,997$4,503$3,283
11 years$6,108$5,462$4,877$4,348$3,873$2,720
12 years$5,541$4,902$4,328$3,814$3,356$2,269
13 years$5,063$4,430$3,867$3,367$2,927$1,903
14 years$4,653$4,027$3,474$2,989$2,565$1,603
15 years$4,298$3,679$3,137$2,666$2,259$1,355
16 years$3,987$3,375$2,844$2,387$1,996$1,149
17 years$3,714$3,108$2,588$2,145$1,770$977
18 years$3,471$2,872$2,362$1,933$1,574$832
19 years$3,254$2,662$2,163$1,746$1,403$710
20 years$3,059$2,474$1,985$1,582$1,253$607
21 years$2,883$2,304$1,826$1,436$1,121$519
22 years$2,722$2,151$1,683$1,305$1,005$445
23 years$2,577$2,012$1,554$1,189$902$381
24 years$2,443$1,885$1,437$1,084$811$327
25 years$2,320$1,769$1,331$990$730$281
26 years$2,207$1,662$1,234$905$657$241
27 years$2,103$1,564$1,146$829$593$207
28 years$2,006$1,474$1,065$759$535$178
29 years$1,916$1,391$991$696$483$153
30 years$1,832$1,313$924$639$436$132
31 years$1,754$1,242$861$587$394$114
32 years$1,680$1,175$803$539$357$98
33 years$1,612$1,113$750$496$323$84
34 years$1,547$1,054$701$456$292$73
35 years$1,487$1,000$655$420$265$62
36 years$1,429$949$613$387$240$54
37 years$1,375$902$574$356$217$46
38 years$1,324$857$537$329$197$40
39 years$1,276$815$503$303$179$34
40 years$1,230$775$472$279$162$30
41 years$1,187$738$442$258$147$26
42 years$1,146$703$415$238$133$22
43 years$1,107$670$389$220$121$19
44 years$1,069$638$366$203$110$16
45 years$1,034$609$343$187$100$14
46 years$1,000$581$322$173$91$12
47 years$968$554$303$160$82$10
48 years$937$529$285$148$75$9
49 years$907$505$267$136$68$8
50 years$879$482$251$126$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $900,000, adding $6,066 every year, while hoping to spend $33,941 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: 43/49/8 Blend
54$900,000$900,000$900,000$900,000
55$998,057$950,357$936,407$1,038,413
56$1,063,746$960,812$931,664$1,077,511
57$1,134,998$970,641$925,624$1,115,908
58$1,212,343$979,778$918,208$1,156,725
59$1,296,368$988,153$909,334$1,200,198
60$1,387,715$995,690$898,914$1,246,584
61$1,487,091$1,002,308$886,857$1,296,170
62$1,595,276$1,007,922$873,068$1,349,274
63$1,713,125$1,012,442$857,447$1,406,246
64$1,841,581$1,015,769$839,889$1,467,474
65$1,981,682$1,017,801$820,284$1,533,389
66$2,134,569$1,018,429$798,520$1,604,465
67$2,301,500$1,017,536$774,475$1,681,230
68$2,483,857$1,015,000$748,024$1,764,264
69$2,683,165$1,010,689$719,037$1,854,212
70$2,901,099$1,004,465$687,376$1,951,785
71$3,139,507$996,179$652,899$2,057,771
72$3,400,420$985,676$615,455$2,173,041
73$3,686,079$972,790$574,889$2,298,557
74$3,998,947$957,345$531,036$2,435,385
75$4,341,740$939,155$483,726$2,584,699
76$4,717,448$918,023$432,780$2,747,803
77$5,129,362$893,741$378,013$2,926,132
78$5,581,109$866,087$319,229$3,121,276
79$6,076,684$834,827$256,225$3,334,991
80$6,620,487$799,714$188,790$3,569,217
81$7,217,362$760,486$116,700$3,826,098
82$7,872,649$716,866$39,725$4,108,001
83$8,592,228$668,561$0$4,417,542
84$9,382,575$615,260$0$4,761,233
85$10,250,826$556,637$0$5,142,497
86$11,204,843$492,345$0$5,561,487
87$12,253,286$422,018$0$6,022,118
88$13,405,694$345,270$0$6,528,713
89$14,672,579$261,693$0$7,086,042
90$16,065,521$170,854$0$7,699,371
91$17,597,277$72,299$0$8,374,511
92$19,281,905$0$0$9,117,876
93$21,134,890$0$0$9,955,120
94$23,173,296$0$0$10,919,154
95$25,415,922$0$0$11,979,900
96$27,883,484$0$0$13,147,172
97$30,598,803$0$0$14,431,784
98$33,587,028$0$0$15,845,650
99$36,875,868$0$0$17,401,898
100$40,495,852$0$0$19,114,992