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%17.3%
1 years$74,321$73,659$73,013$72,383$71,767$69,637
2 years$36,793$36,107$35,443$34,799$34,175$32,047
3 years$24,285$23,597$22,934$22,296$21,682$19,622
4 years$18,032$17,346$16,690$16,063$15,464$13,488
5 years$14,281$13,599$12,952$12,338$11,755$9,869
6 years$11,782$11,105$10,467$9,867$9,302$7,507
7 years$9,997$9,326$8,698$8,112$7,565$5,861
8 years$8,659$7,994$7,377$6,805$6,276$4,662
9 years$7,619$6,960$6,354$5,796$5,285$3,760
10 years$6,787$6,135$5,539$4,997$4,503$3,064
11 years$6,108$5,462$4,877$4,348$3,873$2,518
12 years$5,541$4,902$4,328$3,814$3,356$2,082
13 years$5,063$4,430$3,867$3,367$2,927$1,731
14 years$4,653$4,027$3,474$2,989$2,565$1,445
15 years$4,298$3,679$3,137$2,666$2,259$1,211
16 years$3,987$3,375$2,844$2,387$1,996$1,017
17 years$3,714$3,108$2,588$2,145$1,770$856
18 years$3,471$2,872$2,362$1,933$1,574$722
19 years$3,254$2,662$2,163$1,746$1,403$611
20 years$3,059$2,474$1,985$1,582$1,253$517
21 years$2,883$2,304$1,826$1,436$1,121$438
22 years$2,722$2,151$1,683$1,305$1,005$371
23 years$2,577$2,012$1,554$1,189$902$315
24 years$2,443$1,885$1,437$1,084$811$267
25 years$2,320$1,769$1,331$990$730$227
26 years$2,207$1,662$1,234$905$657$193
27 years$2,103$1,564$1,146$829$593$164
28 years$2,006$1,474$1,065$759$535$140
29 years$1,916$1,391$991$696$483$119
30 years$1,832$1,313$924$639$436$101
31 years$1,754$1,242$861$587$394$86
32 years$1,680$1,175$803$539$357$73
33 years$1,612$1,113$750$496$323$63
34 years$1,547$1,054$701$456$292$53
35 years$1,487$1,000$655$420$265$45
36 years$1,429$949$613$387$240$39
37 years$1,375$902$574$356$217$33
38 years$1,324$857$537$329$197$28
39 years$1,276$815$503$303$179$24
40 years$1,230$775$472$279$162$20
41 years$1,187$738$442$258$147$17
42 years$1,146$703$415$238$133$15
43 years$1,107$670$389$220$121$13
44 years$1,069$638$366$203$110$11
45 years$1,034$609$343$187$100$9
46 years$1,000$581$322$173$91$8
47 years$968$554$303$160$82$7
48 years$937$529$285$148$75$6
49 years$907$505$267$136$68$5
50 years$879$482$251$126$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $900,000, adding $6,176 every year, while hoping to spend $46,796 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: 63/28/9 Blend
54$900,000$900,000$900,000$900,000
55$998,171$950,471$936,521$1,058,757
56$1,050,193$947,253$918,103$1,096,765
57$1,105,954$942,309$897,501$1,132,236
58$1,165,785$935,506$874,590$1,169,775
59$1,230,049$926,700$849,244$1,209,583
60$1,299,147$915,741$821,326$1,251,879
61$1,373,518$902,470$790,698$1,296,908
62$1,453,643$886,717$757,213$1,344,942
63$1,540,051$868,303$720,716$1,396,282
64$1,633,324$847,039$681,048$1,451,260
65$1,734,102$822,722$638,042$1,510,246
66$1,843,085$795,140$591,521$1,573,648
67$1,961,045$764,067$541,303$1,641,919
68$2,088,832$729,267$487,196$1,715,560
69$2,227,377$690,485$429,002$1,795,127
70$2,377,707$647,456$366,511$1,881,234
71$2,540,949$599,897$299,505$1,974,561
72$2,718,344$547,511$227,757$2,075,861
73$2,911,258$489,981$151,029$2,185,968
74$3,121,191$426,976$69,074$2,305,802
75$3,349,797$358,142$0$2,436,385
76$3,598,893$283,107$0$2,580,609
77$3,870,481$201,480$0$2,745,151
78$4,166,762$112,845$0$2,924,777
79$4,490,161$16,764$0$3,121,042
80$4,843,346$0$0$3,335,662
81$5,229,254$0$0$3,597,408
82$5,651,120$0$0$3,889,251
83$6,112,503$0$0$4,208,496
84$6,617,323$0$0$4,557,865
85$7,169,897$0$0$4,940,353
86$7,774,979$0$0$5,359,258
87$8,437,802$0$0$5,818,214
88$9,164,131$0$0$6,321,221
89$9,960,315$0$0$6,872,685
90$10,833,344$0$0$7,477,460
91$11,790,920$0$0$8,140,891
92$12,841,526$0$0$8,868,864
93$13,994,502$0$0$9,667,865
94$15,260,142$0$0$10,545,037
95$16,649,780$0$0$11,508,249
96$18,175,904$0$0$12,566,169
97$19,852,269$0$0$13,728,344
98$21,694,030$0$0$15,005,295
99$23,717,881$0$0$16,408,610
100$25,942,214$0$0$17,951,055