Can I retire at age 55 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$74,569$73,905$73,257$72,624$72,006$69,926
2 years$36,915$36,228$35,561$34,915$34,289$32,209
3 years$24,366$23,675$23,011$22,371$21,754$19,741
4 years$18,092$17,404$16,746$16,117$15,515$13,583
5 years$14,329$13,645$12,995$12,379$11,794$9,949
6 years$11,821$11,142$10,502$9,900$9,333$7,576
7 years$10,030$9,357$8,727$8,139$7,590$5,922
8 years$8,688$8,021$7,402$6,828$6,297$4,716
9 years$7,644$6,983$6,375$5,816$5,303$3,808
10 years$6,810$6,156$5,558$5,013$4,518$3,107
11 years$6,128$5,480$4,893$4,363$3,886$2,557
12 years$5,560$4,919$4,342$3,827$3,367$2,117
13 years$5,080$4,445$3,880$3,379$2,936$1,762
14 years$4,668$4,040$3,486$2,999$2,574$1,473
15 years$4,312$3,691$3,147$2,675$2,266$1,236
16 years$4,001$3,386$2,854$2,395$2,003$1,040
17 years$3,726$3,119$2,597$2,152$1,776$877
18 years$3,483$2,882$2,370$1,939$1,579$741
19 years$3,265$2,671$2,170$1,752$1,408$627
20 years$3,069$2,482$1,991$1,587$1,257$531
21 years$2,892$2,312$1,832$1,440$1,125$451
22 years$2,732$2,158$1,688$1,310$1,008$383
23 years$2,585$2,018$1,559$1,193$905$325
24 years$2,451$1,891$1,442$1,088$814$277
25 years$2,328$1,775$1,335$993$732$236
26 years$2,215$1,668$1,238$908$660$201
27 years$2,110$1,570$1,150$831$595$171
28 years$2,013$1,479$1,069$762$537$146
29 years$1,922$1,395$995$699$484$124
30 years$1,838$1,318$927$641$438$106
31 years$1,760$1,246$864$589$396$90
32 years$1,686$1,179$806$541$358$77
33 years$1,617$1,116$753$498$324$66
34 years$1,552$1,058$703$458$293$56
35 years$1,492$1,003$657$421$266$48
36 years$1,434$952$615$388$241$41
37 years$1,380$905$576$358$218$35
38 years$1,329$860$539$330$198$30
39 years$1,280$817$505$304$179$25
40 years$1,235$778$473$280$163$22
41 years$1,191$740$444$259$148$19
42 years$1,150$705$416$239$134$16
43 years$1,110$672$391$220$122$13
44 years$1,073$640$367$203$110$12
45 years$1,037$611$344$188$100$10
46 years$1,003$583$323$174$91$8
47 years$971$556$304$160$83$7
48 years$940$531$286$148$75$6
49 years$910$507$268$137$68$5
50 years$882$484$252$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $903,000, adding $2,148 every year, while hoping to spend $59,148 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: 46/47/7 Blend
54$903,000$903,000$903,000$903,000
55$997,322$949,463$935,466$1,041,192
56$1,036,115$933,053$903,871$1,055,191
57$1,076,884$913,858$869,236$1,064,031
58$1,119,766$891,676$831,395$1,072,243
59$1,164,912$866,299$790,177$1,079,787
60$1,212,488$837,502$745,403$1,086,625
61$1,262,673$805,051$696,884$1,092,717
62$1,315,661$768,694$644,426$1,098,025
63$1,371,666$728,168$587,822$1,102,512
64$1,430,921$683,193$526,859$1,106,143
65$1,493,679$633,473$461,312$1,108,885
66$1,560,218$578,697$390,950$1,110,708
67$1,630,840$518,533$315,527$1,111,584
68$1,705,878$452,633$234,789$1,111,492
69$1,785,693$380,628$148,470$1,110,415
70$1,870,683$302,128$56,293$1,108,341
71$1,961,281$216,721$0$1,105,266
72$2,057,964$123,972$0$1,104,340
73$2,161,252$23,422$0$1,107,124
74$2,271,717$0$0$1,109,462
75$2,389,985$0$0$1,155,592
76$2,516,742$0$0$1,218,086
77$2,652,743$0$0$1,285,210
78$2,798,813$0$0$1,357,381
79$2,955,861$0$0$1,435,058
80$3,124,882$0$0$1,518,743
81$3,306,970$0$0$1,608,990
82$3,503,327$0$0$1,706,405
83$3,715,272$0$0$1,811,654
84$3,944,255$0$0$1,925,472
85$4,191,870$0$0$2,048,664
86$4,459,869$0$0$2,182,115
87$4,750,178$0$0$2,326,800
88$5,064,913$0$0$2,483,789
89$5,406,403$0$0$2,654,260
90$5,777,209$0$0$2,839,509
91$6,180,146$0$0$3,040,960
92$6,618,313$0$0$3,260,182
93$7,095,119$0$0$3,498,899
94$7,614,313$0$0$3,759,009
95$8,180,024$0$0$4,042,603
96$8,796,792$0$0$4,351,978
97$9,469,616$0$0$4,689,667
98$10,203,998$0$0$5,058,453
99$11,005,994$0$0$5,461,405
100$11,882,271$0$0$5,901,899