Can I retire at age 55 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$74,486$73,823$73,176$72,544$71,927$70,245
2 years$36,874$36,188$35,522$34,877$34,251$32,566
3 years$24,339$23,649$22,985$22,346$21,730$20,095
4 years$18,072$17,385$16,727$16,099$15,498$13,925
5 years$14,313$13,630$12,981$12,366$11,781$10,275
6 years$11,808$11,130$10,491$9,889$9,322$7,884
7 years$10,019$9,347$8,718$8,130$7,581$6,212
8 years$8,678$8,012$7,393$6,820$6,290$4,988
9 years$7,636$6,976$6,368$5,809$5,297$4,062
10 years$6,803$6,149$5,552$5,008$4,513$3,343
11 years$6,121$5,474$4,888$4,358$3,881$2,775
12 years$5,554$4,913$4,338$3,823$3,364$2,320
13 years$5,074$4,440$3,875$3,375$2,933$1,949
14 years$4,663$4,036$3,482$2,996$2,571$1,645
15 years$4,307$3,687$3,144$2,672$2,264$1,394
16 years$3,996$3,383$2,850$2,392$2,001$1,184
17 years$3,722$3,115$2,594$2,149$1,774$1,009
18 years$3,479$2,879$2,368$1,937$1,577$861
19 years$3,261$2,668$2,168$1,750$1,406$737
20 years$3,066$2,479$1,989$1,585$1,256$631
21 years$2,889$2,309$1,830$1,439$1,124$541
22 years$2,729$2,156$1,686$1,308$1,007$465
23 years$2,582$2,016$1,557$1,191$904$399
24 years$2,448$1,889$1,440$1,087$813$343
25 years$2,325$1,773$1,334$992$731$296
26 years$2,212$1,666$1,237$907$659$255
27 years$2,107$1,568$1,149$830$594$219
28 years$2,010$1,477$1,068$761$536$189
29 years$1,920$1,394$994$698$484$163
30 years$1,836$1,316$926$640$437$141
31 years$1,758$1,244$863$588$395$121
32 years$1,684$1,177$805$541$358$105
33 years$1,615$1,115$752$497$324$90
34 years$1,551$1,057$702$457$293$78
35 years$1,490$1,002$657$421$265$67
36 years$1,433$951$614$388$240$58
37 years$1,379$904$575$357$218$50
38 years$1,327$859$538$329$198$43
39 years$1,279$817$504$304$179$37
40 years$1,233$777$473$280$163$32
41 years$1,190$740$443$258$147$28
42 years$1,148$704$416$238$134$24
43 years$1,109$671$390$220$121$21
44 years$1,072$640$366$203$110$18
45 years$1,036$610$344$188$100$16
46 years$1,002$582$323$173$91$13
47 years$970$555$304$160$82$12
48 years$939$530$285$148$75$10
49 years$909$506$268$137$68$9
50 years$881$484$252$126$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $902,000, adding $4,461 every year, while hoping to spend $47,687 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: 56/34/10 Blend
54$902,000$902,000$902,000$902,000
55$998,606$950,800$936,819$1,051,837
56$1,049,725$946,650$917,463$1,084,172
57$1,104,460$940,699$895,862$1,113,718
58$1,163,129$932,808$871,887$1,144,759
59$1,226,082$922,829$845,410$1,177,444
60$1,293,703$910,608$816,291$1,211,941
61$1,366,411$895,978$784,387$1,248,435
62$1,444,669$878,765$749,548$1,287,134
63$1,528,984$858,784$711,617$1,328,268
64$1,619,914$835,837$670,429$1,372,095
65$1,718,070$809,718$625,814$1,418,901
66$1,824,125$780,207$577,590$1,469,003
67$1,938,818$747,069$525,572$1,522,756
68$2,062,962$710,060$469,563$1,580,552
69$2,197,450$668,919$409,359$1,642,831
70$2,343,263$623,369$344,746$1,710,076
71$2,501,483$573,121$275,502$1,782,829
72$2,673,295$517,865$201,393$1,861,688
73$2,860,008$457,277$122,176$1,947,317
74$3,063,057$391,012$37,597$2,040,457
75$3,284,024$318,707$0$2,141,924
76$3,524,648$239,977$0$2,258,247
77$3,786,844$154,418$0$2,389,461
78$4,072,719$61,602$0$2,532,695
79$4,384,591$0$0$2,689,221
80$4,725,012$0$0$2,875,005
81$5,096,792$0$0$3,103,150
82$5,503,023$0$0$3,352,514
83$5,947,110$0$0$3,625,199
84$6,432,801$0$0$3,923,515
85$6,964,224$0$0$4,250,008
86$7,545,923$0$0$4,607,482
87$8,182,903$0$0$4,999,023
88$8,880,675$0$0$5,428,032
89$9,645,307$0$0$5,898,251
90$10,483,484$0$0$6,413,804
91$11,402,568$0$0$6,979,232
92$12,410,666$0$0$7,599,538
93$13,516,709$0$0$8,280,230
94$14,730,533$0$0$9,027,377
95$16,062,973$0$0$9,847,664
96$17,525,964$0$0$10,748,454
97$19,132,655$0$0$11,737,859
98$20,897,528$0$0$12,824,815
99$22,836,538$0$0$14,019,166
100$24,967,263$0$0$15,331,756