Can I retire at age 55 with 903,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.2%
1 years$74,569$73,905$73,257$72,624$72,006$71,048
2 years$36,915$36,228$35,561$34,915$34,289$33,324
3 years$24,366$23,675$23,011$22,371$21,754$20,814
4 years$18,092$17,404$16,746$16,117$15,515$14,607
5 years$14,329$13,645$12,995$12,379$11,794$10,920
6 years$11,821$11,142$10,502$9,900$9,333$8,494
7 years$10,030$9,357$8,727$8,139$7,590$6,786
8 years$8,688$8,021$7,402$6,828$6,297$5,529
9 years$7,644$6,983$6,375$5,816$5,303$4,570
10 years$6,810$6,156$5,558$5,013$4,518$3,820
11 years$6,128$5,480$4,893$4,363$3,886$3,221
12 years$5,560$4,919$4,342$3,827$3,367$2,736
13 years$5,080$4,445$3,880$3,379$2,936$2,338
14 years$4,668$4,040$3,486$2,999$2,574$2,007
15 years$4,312$3,691$3,147$2,675$2,266$1,730
16 years$4,001$3,386$2,854$2,395$2,003$1,496
17 years$3,726$3,119$2,597$2,152$1,776$1,297
18 years$3,483$2,882$2,370$1,939$1,579$1,128
19 years$3,265$2,671$2,170$1,752$1,408$982
20 years$3,069$2,482$1,991$1,587$1,257$857
21 years$2,892$2,312$1,832$1,440$1,125$749
22 years$2,732$2,158$1,688$1,310$1,008$656
23 years$2,585$2,018$1,559$1,193$905$575
24 years$2,451$1,891$1,442$1,088$814$504
25 years$2,328$1,775$1,335$993$732$443
26 years$2,215$1,668$1,238$908$660$389
27 years$2,110$1,570$1,150$831$595$342
28 years$2,013$1,479$1,069$762$537$301
29 years$1,922$1,395$995$699$484$265
30 years$1,838$1,318$927$641$438$233
31 years$1,760$1,246$864$589$396$205
32 years$1,686$1,179$806$541$358$181
33 years$1,617$1,116$753$498$324$159
34 years$1,552$1,058$703$458$293$141
35 years$1,492$1,003$657$421$266$124
36 years$1,434$952$615$388$241$109
37 years$1,380$905$576$358$218$96
38 years$1,329$860$539$330$198$85
39 years$1,280$817$505$304$179$75
40 years$1,235$778$473$280$163$66
41 years$1,191$740$444$259$148$58
42 years$1,150$705$416$239$134$52
43 years$1,110$672$391$220$122$46
44 years$1,073$640$367$203$110$40
45 years$1,037$611$344$188$100$36
46 years$1,003$583$323$174$91$31
47 years$971$556$304$160$83$28
48 years$940$531$286$148$75$24
49 years$910$507$268$137$68$22
50 years$882$484$252$127$62$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $903,000, adding $4,546 every year, while hoping to spend $34,431 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: 46/39/15 Blend
54$903,000$903,000$903,000$903,000
55$999,795$951,936$937,940$1,041,334
56$1,065,140$961,947$932,726$1,080,682
57$1,135,996$971,294$926,184$1,119,492
58$1,212,889$979,909$918,233$1,160,847
59$1,296,397$987,718$908,787$1,204,996
60$1,387,157$994,643$897,759$1,252,218
61$1,485,867$1,000,601$885,054$1,302,817
62$1,593,299$1,005,504$870,577$1,357,133
63$1,710,298$1,009,256$854,224$1,415,542
64$1,837,798$1,011,759$835,890$1,478,457
65$1,976,824$1,012,906$815,463$1,546,340
66$2,128,505$1,012,583$792,825$1,619,697
67$2,294,084$1,010,671$767,856$1,699,091
68$2,474,928$1,007,042$740,428$1,785,143
69$2,672,545$1,001,561$710,406$1,878,541
70$2,888,591$994,084$677,651$1,980,045
71$3,124,893$984,459$642,018$2,090,497
72$3,383,460$972,526$603,353$2,210,824
73$3,666,505$958,112$561,498$2,342,054
74$3,976,466$941,037$516,285$2,485,324
75$4,316,026$921,108$467,541$2,641,887
76$4,688,141$898,122$415,084$2,813,132
77$5,096,065$871,865$358,724$3,000,590
78$5,543,385$842,108$298,263$3,205,956
79$6,034,049$808,609$233,492$3,431,099
80$6,572,405$771,114$164,198$3,678,088
81$7,163,244$729,352$90,152$3,949,205
82$7,811,843$683,039$11,120$4,246,971
83$8,524,014$631,871$0$4,574,173
84$9,306,161$575,530$0$4,945,604
85$10,165,337$513,679$0$5,355,602
86$11,109,313$445,960$0$5,806,179
87$12,146,647$371,997$0$6,301,520
88$13,286,772$291,391$0$6,846,242
89$14,540,076$203,723$0$7,445,440
90$15,918,006$108,547$0$8,104,733
91$17,433,172$5,396$0$8,830,323
92$19,099,468$0$0$9,629,049
93$20,932,203$0$0$10,554,045
94$22,948,240$0$0$11,574,222
95$25,166,163$0$0$12,696,683
96$27,606,447$0$0$13,931,804
97$30,291,649$0$0$15,291,019
98$33,246,627$0$0$16,786,927
99$36,498,767$0$0$18,433,409
100$40,078,246$0$0$20,245,759