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%12.8%
1 years$74,321$73,659$73,013$72,383$71,767$70,929
2 years$36,793$36,107$35,443$34,799$34,175$33,331
3 years$24,285$23,597$22,934$22,296$21,682$20,859
4 years$18,032$17,346$16,690$16,063$15,464$14,668
5 years$14,281$13,599$12,952$12,338$11,755$10,989
6 years$11,782$11,105$10,467$9,867$9,302$8,566
7 years$9,997$9,326$8,698$8,112$7,565$6,859
8 years$8,659$7,994$7,377$6,805$6,276$5,601
9 years$7,619$6,960$6,354$5,796$5,285$4,640
10 years$6,787$6,135$5,539$4,997$4,503$3,888
11 years$6,108$5,462$4,877$4,348$3,873$3,287
12 years$5,541$4,902$4,328$3,814$3,356$2,799
13 years$5,063$4,430$3,867$3,367$2,927$2,398
14 years$4,653$4,027$3,474$2,989$2,565$2,064
15 years$4,298$3,679$3,137$2,666$2,259$1,784
16 years$3,987$3,375$2,844$2,387$1,996$1,547
17 years$3,714$3,108$2,588$2,145$1,770$1,345
18 years$3,471$2,872$2,362$1,933$1,574$1,173
19 years$3,254$2,662$2,163$1,746$1,403$1,025
20 years$3,059$2,474$1,985$1,582$1,253$897
21 years$2,883$2,304$1,826$1,436$1,121$786
22 years$2,722$2,151$1,683$1,305$1,005$690
23 years$2,577$2,012$1,554$1,189$902$607
24 years$2,443$1,885$1,437$1,084$811$534
25 years$2,320$1,769$1,331$990$730$470
26 years$2,207$1,662$1,234$905$657$414
27 years$2,103$1,564$1,146$829$593$365
28 years$2,006$1,474$1,065$759$535$323
29 years$1,916$1,391$991$696$483$285
30 years$1,832$1,313$924$639$436$252
31 years$1,754$1,242$861$587$394$222
32 years$1,680$1,175$803$539$357$197
33 years$1,612$1,113$750$496$323$174
34 years$1,547$1,054$701$456$292$154
35 years$1,487$1,000$655$420$265$136
36 years$1,429$949$613$387$240$120
37 years$1,375$902$574$356$217$107
38 years$1,324$857$537$329$197$94
39 years$1,276$815$503$303$179$84
40 years$1,230$775$472$279$162$74
41 years$1,187$738$442$258$147$66
42 years$1,146$703$415$238$133$58
43 years$1,107$670$389$220$121$51
44 years$1,069$638$366$203$110$46
45 years$1,034$609$343$187$100$40
46 years$1,000$581$322$173$91$36
47 years$968$554$303$160$82$32
48 years$937$529$285$148$75$28
49 years$907$505$267$136$68$25
50 years$879$482$251$126$62$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $900,000, adding $4,291 every year, while hoping to spend $33,190 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: 58/26/16 Blend
54$900,000$900,000$900,000$900,000
55$996,226$948,526$934,576$1,049,648
56$1,062,527$959,690$930,571$1,097,478
57$1,134,479$970,289$925,318$1,145,575
58$1,212,622$980,259$918,743$1,197,242
59$1,297,552$989,534$910,763$1,252,827
60$1,389,924$998,043$901,296$1,312,717
61$1,490,459$1,005,710$890,252$1,377,337
62$1,599,949$1,012,453$877,539$1,447,156
63$1,719,268$1,018,187$863,060$1,522,693
64$1,849,375$1,022,820$846,714$1,604,520
65$1,991,327$1,026,254$828,395$1,693,267
66$2,146,288$1,028,386$807,992$1,789,633
67$2,315,538$1,029,105$785,388$1,894,387
68$2,500,486$1,028,295$760,462$2,008,377
69$2,702,686$1,025,832$733,087$2,132,541
70$2,923,845$1,021,583$703,131$2,267,913
71$3,165,845$1,015,408$670,454$2,415,635
72$3,430,758$1,007,160$634,911$2,576,966
73$3,720,865$996,680$596,350$2,753,297
74$4,038,678$983,802$554,612$2,946,162
75$4,386,964$968,349$509,533$3,157,254
76$4,768,769$950,134$460,937$3,388,440
77$5,187,451$928,958$408,646$3,641,782
78$5,646,704$904,610$352,469$3,919,553
79$6,150,601$876,869$292,210$4,224,263
80$6,703,625$845,498$227,661$4,558,679
81$7,310,716$810,248$158,609$4,925,856
82$7,977,314$770,856$84,828$5,329,161
83$8,709,414$727,042$6,084$5,772,312
84$9,513,619$678,511$0$6,259,407
85$10,397,201$624,952$0$6,808,277
86$11,368,175$566,033$0$7,412,574
87$12,435,367$501,407$0$8,076,806
88$13,608,503$430,705$0$8,807,088
89$14,898,298$353,537$0$9,610,162
90$16,316,557$269,493$0$10,493,462
91$17,876,285$178,137$0$11,465,180
92$19,591,812$79,012$0$12,534,350
93$21,478,925$0$0$13,710,931
94$23,555,019$0$0$15,014,017
95$25,839,259$0$0$16,472,708
96$28,352,764$0$0$18,077,894
97$31,118,800$0$0$19,844,446
98$34,163,004$0$0$21,788,748
99$37,513,625$0$0$23,928,854
100$41,201,788$0$0$26,284,657