Can I retire at age 55 with 904,000?

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 $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%18.3%
1 years$74,651$73,987$73,338$72,705$72,086$69,667
2 years$36,956$36,268$35,601$34,954$34,327$31,914
3 years$24,393$23,701$23,036$22,395$21,778$19,447
4 years$18,112$17,423$16,764$16,135$15,532$13,300
5 years$14,345$13,660$13,010$12,393$11,808$9,681
6 years$11,834$11,154$10,514$9,911$9,343$7,323
7 years$10,042$9,367$8,737$8,148$7,598$5,685
8 years$8,698$8,030$7,410$6,835$6,304$4,495
9 years$7,653$6,991$6,382$5,822$5,308$3,603
10 years$6,818$6,162$5,564$5,019$4,523$2,918
11 years$6,135$5,486$4,898$4,368$3,890$2,383
12 years$5,566$4,924$4,347$3,831$3,371$1,957
13 years$5,085$4,450$3,884$3,382$2,940$1,616
14 years$4,673$4,045$3,490$3,002$2,577$1,340
15 years$4,317$3,695$3,151$2,678$2,269$1,115
16 years$4,005$3,390$2,857$2,398$2,005$930
17 years$3,730$3,122$2,599$2,154$1,778$777
18 years$3,486$2,885$2,373$1,941$1,581$651
19 years$3,268$2,674$2,172$1,754$1,409$546
20 years$3,072$2,485$1,994$1,589$1,259$458
21 years$2,895$2,314$1,834$1,442$1,126$385
22 years$2,735$2,160$1,690$1,311$1,010$324
23 years$2,588$2,021$1,561$1,194$906$273
24 years$2,454$1,893$1,443$1,089$815$230
25 years$2,331$1,777$1,337$995$733$194
26 years$2,217$1,670$1,240$909$660$163
27 years$2,112$1,571$1,151$832$595$138
28 years$2,015$1,481$1,070$763$537$116
29 years$1,924$1,397$996$699$485$98
30 years$1,840$1,319$928$642$438$83
31 years$1,762$1,247$865$589$396$70
32 years$1,688$1,180$807$542$358$59
33 years$1,619$1,117$753$498$324$50
34 years$1,554$1,059$704$458$294$42
35 years$1,493$1,005$658$422$266$36
36 years$1,436$953$616$389$241$30
37 years$1,382$906$576$358$218$25
38 years$1,330$861$540$330$198$22
39 years$1,282$818$506$304$180$18
40 years$1,236$779$474$281$163$15
41 years$1,192$741$444$259$148$13
42 years$1,151$706$417$239$134$11
43 years$1,112$673$391$221$122$9
44 years$1,074$641$367$204$110$8
45 years$1,038$611$345$188$100$7
46 years$1,004$583$324$174$91$6
47 years$972$557$304$161$83$5
48 years$941$531$286$148$75$4
49 years$911$507$269$137$68$3
50 years$883$485$253$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $904,000, adding $3,011 every year, while hoping to spend $55,027 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: 47/35/18 Blend
54$904,000$904,000$904,000$904,000
55$999,314$951,402$937,390$1,041,054
56$1,042,696$939,472$910,244$1,058,478
57$1,088,658$925,114$880,345$1,071,581
58$1,137,406$908,149$847,541$1,084,634
59$1,189,164$888,392$811,677$1,097,655
60$1,244,178$865,641$772,587$1,110,668
61$1,302,715$839,689$730,099$1,123,702
62$1,365,069$810,311$684,035$1,136,796
63$1,431,561$777,271$634,205$1,149,993
64$1,502,545$740,322$580,416$1,163,349
65$1,578,405$699,198$522,460$1,176,928
66$1,659,565$653,622$460,125$1,190,807
67$1,746,488$603,297$393,187$1,205,078
68$1,839,684$547,912$321,412$1,219,845
69$1,939,709$487,137$244,557$1,235,232
70$2,047,177$420,625$162,368$1,251,381
71$2,162,760$348,006$74,578$1,268,454
72$2,287,195$268,892$0$1,286,642
73$2,421,294$182,873$0$1,309,828
74$2,565,946$89,513$0$1,350,113
75$2,722,129$0$0$1,393,497
76$2,890,919$0$0$1,444,842
77$3,073,496$0$0$1,537,752
78$3,271,158$0$0$1,638,424
79$3,485,333$0$0$1,747,595
80$3,717,590$0$0$1,866,076
81$3,969,655$0$0$1,994,759
82$4,243,426$0$0$2,134,626
83$4,540,991$0$0$2,286,755
84$4,864,647$0$0$2,452,336
85$5,216,921$0$0$2,632,674
86$5,600,593$0$0$2,829,207
87$6,018,723$0$0$3,043,520
88$6,474,679$0$0$3,277,352
89$6,972,167$0$0$3,532,623
90$7,515,267$0$0$3,811,442
91$8,108,469$0$0$4,116,133
92$8,756,717$0$0$4,449,254
93$9,465,453$0$0$4,813,621
94$10,240,670$0$0$5,212,336
95$11,088,966$0$0$5,648,814
96$12,017,607$0$0$6,126,814
97$13,034,592$0$0$6,650,477
98$14,148,732$0$0$7,224,364
99$15,369,730$0$0$7,853,497
100$16,708,271$0$0$8,543,407