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%12.5%
1 years$74,651$73,987$73,338$72,705$72,086$71,333
2 years$36,956$36,268$35,601$34,954$34,327$33,569
3 years$24,393$23,701$23,036$22,395$21,778$21,038
4 years$18,112$17,423$16,764$16,135$15,532$14,817
5 years$14,345$13,660$13,010$12,393$11,808$11,118
6 years$11,834$11,154$10,514$9,911$9,343$8,680
7 years$10,042$9,367$8,737$8,148$7,598$6,962
8 years$8,698$8,030$7,410$6,835$6,304$5,695
9 years$7,653$6,991$6,382$5,822$5,308$4,727
10 years$6,818$6,162$5,564$5,019$4,523$3,968
11 years$6,135$5,486$4,898$4,368$3,890$3,361
12 years$5,566$4,924$4,347$3,831$3,371$2,867
13 years$5,085$4,450$3,884$3,382$2,940$2,461
14 years$4,673$4,045$3,490$3,002$2,577$2,122
15 years$4,317$3,695$3,151$2,678$2,269$1,838
16 years$4,005$3,390$2,857$2,398$2,005$1,597
17 years$3,730$3,122$2,599$2,154$1,778$1,392
18 years$3,486$2,885$2,373$1,941$1,581$1,216
19 years$3,268$2,674$2,172$1,754$1,409$1,065
20 years$3,072$2,485$1,994$1,589$1,259$934
21 years$2,895$2,314$1,834$1,442$1,126$821
22 years$2,735$2,160$1,690$1,311$1,010$722
23 years$2,588$2,021$1,561$1,194$906$636
24 years$2,454$1,893$1,443$1,089$815$561
25 years$2,331$1,777$1,337$995$733$495
26 years$2,217$1,670$1,240$909$660$438
27 years$2,112$1,571$1,151$832$595$387
28 years$2,015$1,481$1,070$763$537$342
29 years$1,924$1,397$996$699$485$303
30 years$1,840$1,319$928$642$438$268
31 years$1,762$1,247$865$589$396$238
32 years$1,688$1,180$807$542$358$211
33 years$1,619$1,117$753$498$324$187
34 years$1,554$1,059$704$458$294$166
35 years$1,493$1,005$658$422$266$147
36 years$1,436$953$616$389$241$130
37 years$1,382$906$576$358$218$116
38 years$1,330$861$540$330$198$103
39 years$1,282$818$506$304$180$91
40 years$1,236$779$474$281$163$81
41 years$1,192$741$444$259$148$72
42 years$1,151$706$417$239$134$64
43 years$1,112$673$391$221$122$57
44 years$1,074$641$367$204$110$50
45 years$1,038$611$345$188$100$45
46 years$1,004$583$324$174$91$40
47 years$972$557$304$161$83$35
48 years$941$531$286$148$75$31
49 years$911$507$269$137$68$28
50 years$883$485$253$127$62$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $904,000, adding $2,346 every year, while hoping to spend $22,237 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: 77/18/5 Blend
54$904,000$904,000$904,000$904,000
55$998,628$950,716$936,704$1,075,079
56$1,076,828$973,641$944,423$1,148,484
57$1,162,259$996,944$951,656$1,225,816
58$1,255,635$1,020,620$958,363$1,309,935
59$1,357,743$1,044,664$964,501$1,401,505
60$1,469,448$1,069,067$970,027$1,501,258
61$1,591,703$1,093,823$974,894$1,609,997
62$1,725,558$1,118,921$979,054$1,728,609
63$1,872,168$1,144,351$982,455$1,858,072
64$2,032,806$1,170,102$985,045$1,999,458
65$2,208,875$1,196,159$986,766$2,153,953
66$2,401,917$1,222,508$987,559$2,322,861
67$2,613,633$1,249,131$987,363$2,507,618
68$2,845,895$1,276,011$986,112$2,709,806
69$3,100,768$1,303,126$983,738$2,931,169
70$3,380,522$1,330,455$980,169$3,173,626
71$3,687,660$1,357,972$975,329$3,439,294
72$4,024,939$1,385,651$969,141$3,730,501
73$4,395,397$1,413,462$961,521$4,049,816
74$4,802,379$1,441,373$952,384$4,400,067
75$5,249,571$1,469,349$941,637$4,784,370
76$5,741,032$1,497,353$929,188$5,206,159
77$6,281,237$1,525,343$914,935$5,669,216
78$6,875,114$1,553,275$898,776$6,177,710
79$7,528,091$1,581,101$880,600$6,736,234
80$8,246,151$1,608,769$860,295$7,349,847
81$9,035,884$1,636,225$837,740$8,024,125
82$9,904,551$1,663,407$812,812$8,765,213
83$10,860,154$1,690,252$785,380$9,579,880
84$11,911,506$1,716,691$755,306$10,475,585
85$13,068,320$1,742,649$722,449$11,460,550
86$14,341,296$1,768,047$686,660$12,543,831
87$15,742,227$1,792,800$647,781$13,735,410
88$17,284,104$1,816,816$605,651$15,046,285
89$18,981,241$1,839,999$560,099$16,488,576
90$20,849,412$1,862,243$510,947$18,075,639
91$22,905,997$1,883,438$458,009$19,822,191
92$25,170,147$1,903,465$401,090$21,744,449
93$27,662,965$1,922,197$339,989$23,860,287
94$30,407,701$1,939,499$274,493$26,189,397
95$33,429,979$1,955,227$204,381$28,753,483
96$36,758,031$1,969,228$129,422$31,576,461
97$40,422,968$1,981,337$49,375$34,684,686
98$44,459,070$1,991,382$0$38,107,201
99$48,904,113$1,999,177$0$41,877,935
100$53,799,721$2,004,526$0$46,033,170