Can I retire at age 55 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$74,404$73,741$73,094$72,463$71,847$70,454
2 years$36,834$36,148$35,483$34,838$34,213$32,815
3 years$24,312$23,623$22,960$22,321$21,706$20,347
4 years$18,052$17,365$16,709$16,081$15,481$14,171
5 years$14,297$13,615$12,967$12,352$11,768$10,512
6 years$11,795$11,117$10,479$9,878$9,312$8,110
7 years$10,008$9,336$8,708$8,121$7,573$6,425
8 years$8,669$8,003$7,385$6,813$6,283$5,189
9 years$7,628$6,968$6,361$5,803$5,291$4,251
10 years$6,795$6,142$5,546$5,002$4,508$3,521
11 years$6,114$5,468$4,882$4,353$3,877$2,942
12 years$5,548$4,908$4,333$3,818$3,360$2,475
13 years$5,068$4,435$3,871$3,371$2,930$2,093
14 years$4,658$4,031$3,478$2,993$2,568$1,779
15 years$4,302$3,683$3,140$2,669$2,261$1,518
16 years$3,992$3,379$2,847$2,390$1,999$1,299
17 years$3,718$3,112$2,591$2,147$1,772$1,114
18 years$3,475$2,875$2,365$1,935$1,576$958
19 years$3,258$2,665$2,165$1,748$1,404$826
20 years$3,062$2,476$1,987$1,583$1,254$713
21 years$2,886$2,307$1,828$1,437$1,123$616
22 years$2,726$2,153$1,685$1,307$1,006$533
23 years$2,579$2,014$1,555$1,190$903$462
24 years$2,446$1,887$1,438$1,085$812$400
25 years$2,323$1,771$1,332$991$731$347
26 years$2,210$1,664$1,236$906$658$301
27 years$2,105$1,566$1,147$830$593$262
28 years$2,008$1,476$1,067$760$535$227
29 years$1,918$1,392$993$697$483$198
30 years$1,834$1,315$925$640$437$172
31 years$1,756$1,243$862$587$395$150
32 years$1,682$1,176$804$540$357$130
33 years$1,614$1,114$751$496$323$113
34 years$1,549$1,056$702$457$293$99
35 years$1,488$1,001$656$421$265$86
36 years$1,431$950$614$387$240$75
37 years$1,377$903$574$357$218$65
38 years$1,326$858$538$329$197$57
39 years$1,278$816$504$303$179$49
40 years$1,232$776$472$280$162$43
41 years$1,188$739$443$258$147$38
42 years$1,147$704$415$238$134$33
43 years$1,108$670$390$220$121$29
44 years$1,071$639$366$203$110$25
45 years$1,035$609$344$187$100$22
46 years$1,001$581$323$173$91$19
47 years$969$555$303$160$82$16
48 years$938$530$285$148$75$14
49 years$908$506$268$137$68$13
50 years$880$483$252$126$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $901,000, adding $3,087 every year, while hoping to spend $32,247 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: 67/20/13 Blend
54$901,000$901,000$901,000$901,000
55$996,086$948,333$934,368$1,059,685
56$1,063,376$960,491$931,359$1,114,608
57$1,136,450$972,164$927,168$1,170,535
58$1,215,861$983,294$921,722$1,230,863
59$1,302,223$993,819$914,943$1,296,020
60$1,396,207$1,003,674$906,751$1,366,477
61$1,498,555$1,012,788$897,062$1,442,756
62$1,610,079$1,021,087$885,786$1,525,429
63$1,731,678$1,028,490$872,830$1,615,130
64$1,864,336$1,034,914$858,097$1,712,556
65$2,009,141$1,040,267$841,485$1,818,477
66$2,167,287$1,044,453$822,889$1,933,740
67$2,340,090$1,047,371$802,195$2,059,281
68$2,528,999$1,048,912$779,288$2,196,131
69$2,735,608$1,048,960$754,046$2,345,427
70$2,961,674$1,047,393$726,341$2,508,423
71$3,209,131$1,044,081$696,039$2,686,501
72$3,480,107$1,038,886$663,001$2,881,187
73$3,776,947$1,031,661$627,080$3,094,160
74$4,102,234$1,022,250$588,126$3,327,276
75$4,458,811$1,010,490$545,978$3,582,577
76$4,849,811$996,205$500,469$3,862,317
77$5,278,683$979,211$451,426$4,168,982
78$5,749,228$959,311$398,668$4,505,311
79$6,265,629$936,297$342,004$4,874,326
80$6,832,498$909,951$281,235$5,279,358
81$7,454,912$880,038$216,156$5,724,080
82$8,138,466$846,312$146,550$6,212,541
83$8,889,322$808,514$72,192$6,749,207
84$9,714,268$766,366$0$7,339,000
85$10,620,783$719,578$0$7,988,342
86$11,617,106$667,840$0$8,712,975
87$12,712,313$610,827$0$9,509,507
88$13,916,405$548,193$0$10,385,249
89$15,240,398$479,575$0$11,348,259
90$16,696,431$404,586$0$12,407,417
91$18,297,877$322,821$0$13,572,514
92$20,059,470$233,849$0$14,854,336
93$21,997,445$137,217$0$16,264,776
94$24,129,689$32,444$0$17,816,939
95$26,475,909$0$0$19,525,270
96$29,057,821$0$0$21,423,511
97$31,899,352$0$0$23,520,548
98$35,026,863$0$0$25,828,707
99$38,469,405$0$0$28,369,433
100$42,258,985$0$0$31,166,358