Can I retire at age 55 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$74,651$73,987$73,338$72,705$72,086$70,631
2 years$36,956$36,268$35,601$34,954$34,327$32,867
3 years$24,393$23,701$23,036$22,395$21,778$20,359
4 years$18,112$17,423$16,764$16,135$15,532$14,165
5 years$14,345$13,660$13,010$12,393$11,808$10,496
6 years$11,834$11,154$10,514$9,911$9,343$8,089
7 years$10,042$9,367$8,737$8,148$7,598$6,402
8 years$8,698$8,030$7,410$6,835$6,304$5,164
9 years$7,653$6,991$6,382$5,822$5,308$4,226
10 years$6,818$6,162$5,564$5,019$4,523$3,496
11 years$6,135$5,486$4,898$4,368$3,890$2,917
12 years$5,566$4,924$4,347$3,831$3,371$2,450
13 years$5,085$4,450$3,884$3,382$2,940$2,070
14 years$4,673$4,045$3,490$3,002$2,577$1,757
15 years$4,317$3,695$3,151$2,678$2,269$1,497
16 years$4,005$3,390$2,857$2,398$2,005$1,279
17 years$3,730$3,122$2,599$2,154$1,778$1,096
18 years$3,486$2,885$2,373$1,941$1,581$941
19 years$3,268$2,674$2,172$1,754$1,409$810
20 years$3,072$2,485$1,994$1,589$1,259$698
21 years$2,895$2,314$1,834$1,442$1,126$602
22 years$2,735$2,160$1,690$1,311$1,010$520
23 years$2,588$2,021$1,561$1,194$906$450
24 years$2,454$1,893$1,443$1,089$815$389
25 years$2,331$1,777$1,337$995$733$337
26 years$2,217$1,670$1,240$909$660$292
27 years$2,112$1,571$1,151$832$595$253
28 years$2,015$1,481$1,070$763$537$220
29 years$1,924$1,397$996$699$485$191
30 years$1,840$1,319$928$642$438$166
31 years$1,762$1,247$865$589$396$144
32 years$1,688$1,180$807$542$358$125
33 years$1,619$1,117$753$498$324$109
34 years$1,554$1,059$704$458$294$94
35 years$1,493$1,005$658$422$266$82
36 years$1,436$953$616$389$241$71
37 years$1,382$906$576$358$218$62
38 years$1,330$861$540$330$198$54
39 years$1,282$818$506$304$180$47
40 years$1,236$779$474$281$163$41
41 years$1,192$741$444$259$148$36
42 years$1,151$706$417$239$134$31
43 years$1,112$673$391$221$122$27
44 years$1,074$641$367$204$110$23
45 years$1,038$611$345$188$100$20
46 years$1,004$583$324$174$91$18
47 years$972$557$304$161$83$15
48 years$941$531$286$148$75$13
49 years$911$507$269$137$68$12
50 years$883$485$253$127$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $904,000, adding $4,303 every year, while hoping to spend $59,078 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: 38/38/24 Blend
54$904,000$904,000$904,000$904,000
55$1,000,647$952,735$938,723$1,031,360
56$1,039,854$936,560$907,311$1,037,942
57$1,081,080$917,613$872,868$1,039,240
58$1,124,470$895,695$835,228$1,039,470
59$1,170,178$870,596$794,220$1,038,572
60$1,218,375$842,095$749,666$1,036,485
61$1,269,247$809,955$701,377$1,033,146
62$1,322,996$773,928$649,158$1,028,491
63$1,379,842$733,751$592,806$1,022,459
64$1,440,026$689,145$532,105$1,014,986
65$1,503,811$639,816$466,833$1,006,009
66$1,571,485$585,452$396,757$995,467
67$1,643,361$525,724$321,633$983,300
68$1,719,784$460,284$241,208$969,451
69$1,801,129$388,765$155,216$953,864
70$1,887,808$310,779$63,379$936,490
71$1,980,272$225,914$0$917,281
72$2,079,014$133,738$0$905,064
73$2,184,575$33,793$0$908,835
74$2,297,549$0$0$912,402
75$2,418,586$0$0$946,945
76$2,548,400$0$0$999,231
77$2,687,772$0$0$1,055,455
78$2,837,563$0$0$1,115,974
79$2,998,715$0$0$1,181,181
80$3,172,264$0$0$1,251,508
81$3,359,347$0$0$1,327,428
82$3,561,213$0$0$1,409,462
83$3,779,234$0$0$1,498,183
84$4,014,919$0$0$1,594,219
85$4,269,925$0$0$1,698,263
86$4,546,075$0$0$1,811,075
87$4,845,371$0$0$1,933,490
88$5,170,017$0$0$2,066,428
89$5,522,435$0$0$2,210,902
90$5,905,289$0$0$2,368,024
91$6,321,511$0$0$2,539,017
92$6,774,325$0$0$2,725,230
93$7,267,279$0$0$2,928,144
94$7,804,275$0$0$3,149,391
95$8,389,612$0$0$3,390,767
96$9,028,015$0$0$3,654,247
97$9,724,690$0$0$3,942,007
98$10,485,363$0$0$4,256,442
99$11,316,341$0$0$4,600,188
100$12,224,565$0$0$4,976,149