Can I retire at age 55 with 905,000?

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 $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%12.8%
1 years$74,734$74,068$73,419$72,785$72,166$71,323
2 years$36,997$36,308$35,640$34,993$34,365$33,517
3 years$24,420$23,728$23,062$22,420$21,802$20,975
4 years$18,132$17,442$16,783$16,152$15,550$14,750
5 years$14,361$13,675$13,024$12,407$11,821$11,050
6 years$11,847$11,167$10,526$9,922$9,353$8,613
7 years$10,053$9,378$8,747$8,157$7,607$6,897
8 years$8,707$8,038$7,418$6,843$6,310$5,632
9 years$7,661$6,999$6,389$5,829$5,314$4,666
10 years$6,825$6,169$5,570$5,024$4,528$3,910
11 years$6,141$5,492$4,904$4,373$3,894$3,306
12 years$5,572$4,929$4,352$3,835$3,375$2,815
13 years$5,091$4,455$3,888$3,386$2,943$2,411
14 years$4,678$4,049$3,494$3,006$2,580$2,075
15 years$4,322$3,699$3,154$2,681$2,271$1,793
16 years$4,009$3,394$2,860$2,400$2,007$1,555
17 years$3,734$3,126$2,602$2,157$1,780$1,353
18 years$3,490$2,888$2,376$1,944$1,583$1,179
19 years$3,272$2,677$2,175$1,756$1,411$1,030
20 years$3,076$2,487$1,996$1,591$1,260$902
21 years$2,899$2,317$1,836$1,443$1,128$791
22 years$2,738$2,163$1,692$1,312$1,011$694
23 years$2,591$2,023$1,562$1,195$907$610
24 years$2,457$1,895$1,445$1,090$815$537
25 years$2,333$1,779$1,338$996$734$473
26 years$2,220$1,672$1,241$910$661$417
27 years$2,114$1,573$1,152$833$596$367
28 years$2,017$1,482$1,071$763$538$324
29 years$1,927$1,398$997$700$486$286
30 years$1,842$1,321$929$643$439$253
31 years$1,763$1,248$866$590$397$224
32 years$1,690$1,181$808$542$359$198
33 years$1,621$1,119$754$499$325$175
34 years$1,556$1,060$705$459$294$155
35 years$1,495$1,006$659$422$266$137
36 years$1,437$955$616$389$241$121
37 years$1,383$907$577$358$219$107
38 years$1,332$862$540$330$198$95
39 years$1,283$819$506$305$180$84
40 years$1,237$779$474$281$163$74
41 years$1,194$742$445$259$148$66
42 years$1,152$707$417$239$134$58
43 years$1,113$673$392$221$122$52
44 years$1,075$642$368$204$111$46
45 years$1,040$612$345$188$100$41
46 years$1,005$584$324$174$91$36
47 years$973$557$305$161$83$32
48 years$942$532$286$149$75$28
49 years$912$508$269$137$68$25
50 years$884$485$253$127$62$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $905,000, adding $4,223 every year, while hoping to spend $25,774 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: 56/23/21 Blend
54$905,000$905,000$905,000$905,000
55$1,001,666$953,701$939,674$1,051,861
56$1,076,413$973,009$943,729$1,105,924
57$1,157,920$992,399$947,057$1,161,690
58$1,246,849$1,011,849$949,605$1,221,883
59$1,343,930$1,031,332$951,320$1,286,936
60$1,449,966$1,050,822$952,143$1,357,325
61$1,565,839$1,070,289$952,017$1,433,576
62$1,692,523$1,089,701$950,877$1,516,267
63$1,831,087$1,109,024$948,659$1,606,037
64$1,982,712$1,128,220$945,293$1,703,590
65$2,148,696$1,147,250$940,708$1,809,701
66$2,330,468$1,166,070$934,827$1,925,227
67$2,529,603$1,184,635$927,570$2,051,110
68$2,747,835$1,202,894$918,856$2,188,391
69$2,987,073$1,220,794$908,597$2,338,216
70$3,249,420$1,238,279$896,701$2,501,850
71$3,537,193$1,255,287$883,073$2,680,687
72$3,852,944$1,271,753$867,612$2,876,264
73$4,199,482$1,287,607$850,215$3,090,276
74$4,579,904$1,302,775$830,772$3,324,592
75$4,997,619$1,317,175$809,168$3,581,272
76$5,456,384$1,330,725$785,283$3,862,588
77$5,960,336$1,343,332$758,991$4,171,043
78$6,514,035$1,354,899$730,162$4,509,401
79$7,122,502$1,365,325$698,658$4,880,705
80$7,791,270$1,374,499$664,335$5,288,312
81$8,526,434$1,382,303$627,045$5,735,923
82$9,334,709$1,388,615$586,629$6,227,618
83$10,223,493$1,393,300$542,925$6,767,896
84$11,200,937$1,396,220$495,761$7,361,715
85$12,276,022$1,397,224$444,959$8,014,543
86$13,458,642$1,396,154$390,331$8,732,408
87$14,759,700$1,392,842$331,683$9,521,953
88$16,191,205$1,387,107$268,810$10,390,505
89$17,766,394$1,378,761$201,501$11,346,140
90$19,499,848$1,367,603$129,534$12,397,759
91$21,407,635$1,353,417$52,675$13,555,176
92$23,507,459$1,335,980$0$14,829,209
93$25,818,826$1,315,049$0$16,238,361
94$28,363,231$1,290,371$0$17,802,225
95$31,164,358$1,261,677$0$19,523,537
96$34,248,305$1,228,682$0$21,418,331
97$37,643,828$1,191,083$0$23,504,281
98$41,382,613$1,148,560$0$25,800,865
99$45,499,576$1,100,777$0$28,329,546
100$50,033,192$1,047,373$0$31,113,983