Can I retire at age 55 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$74,734$74,068$73,419$72,785$72,166$70,594
2 years$36,997$36,308$35,640$34,993$34,365$32,788
3 years$24,420$23,728$23,062$22,420$21,802$20,271
4 years$18,132$17,442$16,783$16,152$15,550$14,076
5 years$14,361$13,675$13,024$12,407$11,821$10,408
6 years$11,847$11,167$10,526$9,922$9,353$8,004
7 years$10,053$9,378$8,747$8,157$7,607$6,320
8 years$8,707$8,038$7,418$6,843$6,310$5,086
9 years$7,661$6,999$6,389$5,829$5,314$4,152
10 years$6,825$6,169$5,570$5,024$4,528$3,426
11 years$6,141$5,492$4,904$4,373$3,894$2,852
12 years$5,572$4,929$4,352$3,835$3,375$2,389
13 years$5,091$4,455$3,888$3,386$2,943$2,013
14 years$4,678$4,049$3,494$3,006$2,580$1,704
15 years$4,322$3,699$3,154$2,681$2,271$1,448
16 years$4,009$3,394$2,860$2,400$2,007$1,234
17 years$3,734$3,126$2,602$2,157$1,780$1,054
18 years$3,490$2,888$2,376$1,944$1,583$902
19 years$3,272$2,677$2,175$1,756$1,411$774
20 years$3,076$2,487$1,996$1,591$1,260$665
21 years$2,899$2,317$1,836$1,443$1,128$572
22 years$2,738$2,163$1,692$1,312$1,011$493
23 years$2,591$2,023$1,562$1,195$907$425
24 years$2,457$1,895$1,445$1,090$815$366
25 years$2,333$1,779$1,338$996$734$316
26 years$2,220$1,672$1,241$910$661$273
27 years$2,114$1,573$1,152$833$596$236
28 years$2,017$1,482$1,071$763$538$204
29 years$1,927$1,398$997$700$486$177
30 years$1,842$1,321$929$643$439$153
31 years$1,763$1,248$866$590$397$132
32 years$1,690$1,181$808$542$359$115
33 years$1,621$1,119$754$499$325$99
34 years$1,556$1,060$705$459$294$86
35 years$1,495$1,006$659$422$266$75
36 years$1,437$955$616$389$241$65
37 years$1,383$907$577$358$219$56
38 years$1,332$862$540$330$198$49
39 years$1,283$819$506$305$180$42
40 years$1,237$779$474$281$163$36
41 years$1,194$742$445$259$148$32
42 years$1,152$707$417$239$134$27
43 years$1,113$673$392$221$122$24
44 years$1,075$642$368$204$111$21
45 years$1,040$612$345$188$100$18
46 years$1,005$584$324$174$91$15
47 years$973$557$305$161$83$13
48 years$942$532$286$149$75$12
49 years$912$508$269$137$68$10
50 years$884$485$253$127$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $905,000, adding $6,680 every year, while hoping to spend $34,676 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: 76/9/15 Blend
54$905,000$905,000$905,000$905,000
55$1,004,200$956,235$942,208$1,076,783
56$1,069,734$966,196$936,877$1,135,590
57$1,140,790$975,482$930,205$1,195,044
58$1,217,894$984,025$922,111$1,259,276
59$1,301,627$991,750$912,509$1,328,752
60$1,392,625$998,577$901,310$1,403,984
61$1,491,589$1,004,424$888,420$1,485,537
62$1,599,290$1,009,200$873,741$1,574,032
63$1,716,576$1,012,810$857,171$1,670,155
64$1,844,382$1,015,153$838,601$1,774,664
65$1,983,735$1,016,121$817,920$1,888,389
66$2,135,766$1,015,600$795,010$2,012,250
67$2,301,718$1,013,469$769,747$2,147,259
68$2,482,963$1,009,599$742,004$2,294,532
69$2,681,009$1,003,853$711,645$2,455,297
70$2,897,517$996,086$678,529$2,630,910
71$3,134,314$986,145$642,510$2,822,866
72$3,393,413$973,865$603,434$3,032,811
73$3,677,032$959,076$561,140$3,262,560
74$3,987,611$941,592$515,459$3,514,115
75$4,327,838$921,221$466,218$3,789,682
76$4,700,673$897,756$413,232$4,091,692
77$5,109,376$870,981$356,310$4,422,824
78$5,557,538$840,664$295,251$4,786,035
79$6,049,113$806,563$229,848$5,184,580
80$6,588,457$768,419$159,883$5,622,050
81$7,180,367$725,959$85,127$6,102,402
82$7,830,129$678,895$5,343$6,629,998
83$8,543,564$626,923$0$7,209,647
84$9,327,083$569,718$0$7,859,421
85$10,187,753$506,941$0$8,574,133
86$11,133,353$438,231$0$9,359,411
87$12,172,458$363,207$0$10,222,399
88$13,314,512$281,468$0$11,170,968
89$14,569,921$192,588$0$12,213,793
90$15,950,146$96,118$0$13,360,432
91$17,467,819$0$0$14,621,417
92$19,136,853$0$0$16,009,189
93$20,972,579$0$0$17,546,069
94$22,991,888$0$0$19,236,686
95$25,213,390$0$0$21,096,624
96$27,657,589$0$0$23,143,057
97$30,347,078$0$0$25,394,905
98$33,306,751$0$0$27,873,016
99$36,564,034$0$0$30,600,362
100$40,149,150$0$0$33,602,251