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%19.1%
1 years$74,734$74,068$73,419$72,785$72,166$69,523
2 years$36,997$36,308$35,640$34,993$34,365$31,731
3 years$24,420$23,728$23,062$22,420$21,802$19,261
4 years$18,132$17,442$16,783$16,152$15,550$13,120
5 years$14,361$13,675$13,024$12,407$11,821$9,509
6 years$11,847$11,167$10,526$9,922$9,353$7,162
7 years$10,053$9,378$8,747$8,157$7,607$5,535
8 years$8,707$8,038$7,418$6,843$6,310$4,356
9 years$7,661$6,999$6,389$5,829$5,314$3,475
10 years$6,825$6,169$5,570$5,024$4,528$2,800
11 years$6,141$5,492$4,904$4,373$3,894$2,274
12 years$5,572$4,929$4,352$3,835$3,375$1,858
13 years$5,091$4,455$3,888$3,386$2,943$1,526
14 years$4,678$4,049$3,494$3,006$2,580$1,258
15 years$4,322$3,699$3,154$2,681$2,271$1,041
16 years$4,009$3,394$2,860$2,400$2,007$863
17 years$3,734$3,126$2,602$2,157$1,780$717
18 years$3,490$2,888$2,376$1,944$1,583$597
19 years$3,272$2,677$2,175$1,756$1,411$498
20 years$3,076$2,487$1,996$1,591$1,260$415
21 years$2,899$2,317$1,836$1,443$1,128$347
22 years$2,738$2,163$1,692$1,312$1,011$290
23 years$2,591$2,023$1,562$1,195$907$243
24 years$2,457$1,895$1,445$1,090$815$203
25 years$2,333$1,779$1,338$996$734$170
26 years$2,220$1,672$1,241$910$661$143
27 years$2,114$1,573$1,152$833$596$120
28 years$2,017$1,482$1,071$763$538$100
29 years$1,927$1,398$997$700$486$84
30 years$1,842$1,321$929$643$439$70
31 years$1,763$1,248$866$590$397$59
32 years$1,690$1,181$808$542$359$50
33 years$1,621$1,119$754$499$325$42
34 years$1,556$1,060$705$459$294$35
35 years$1,495$1,006$659$422$266$29
36 years$1,437$955$616$389$241$25
37 years$1,383$907$577$358$219$21
38 years$1,332$862$540$330$198$17
39 years$1,283$819$506$305$180$15
40 years$1,237$779$474$281$163$12
41 years$1,194$742$445$259$148$10
42 years$1,152$707$417$239$134$9
43 years$1,113$673$392$221$122$7
44 years$1,075$642$368$204$111$6
45 years$1,040$612$345$188$100$5
46 years$1,005$584$324$174$91$4
47 years$973$557$305$161$83$4
48 years$942$532$286$149$75$3
49 years$912$508$269$137$68$3
50 years$884$485$253$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $905,000, adding $6,086 every year, while hoping to spend $23,256 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: 63/15/22 Blend
54$905,000$905,000$905,000$905,000
55$1,003,588$955,623$941,595$1,060,713
56$1,081,209$977,704$948,394$1,122,073
57$1,165,969$1,000,088$954,642$1,185,922
58$1,258,570$1,022,765$960,295$1,255,129
59$1,359,788$1,045,723$965,308$1,330,218
60$1,470,474$1,068,951$969,633$1,411,768
61$1,591,567$1,092,435$973,221$1,500,419
62$1,724,102$1,116,159$976,019$1,596,874
63$1,869,216$1,140,107$977,972$1,701,908
64$2,028,164$1,164,260$979,022$1,816,374
65$2,202,326$1,188,598$979,108$1,941,216
66$2,393,221$1,213,097$978,166$2,077,469
67$2,602,526$1,237,735$976,130$2,226,279
68$2,832,082$1,262,483$972,930$2,388,904
69$3,083,923$1,287,313$968,491$2,566,734
70$3,360,285$1,312,193$962,738$2,761,300
71$3,663,633$1,337,089$955,588$2,974,288
72$3,996,681$1,361,964$946,957$3,207,560
73$4,362,419$1,386,777$936,758$3,463,164
74$4,764,143$1,411,486$924,896$3,743,360
75$5,205,480$1,436,043$911,274$4,050,637
76$5,690,428$1,460,399$895,791$4,387,740
77$6,223,392$1,484,498$878,340$4,757,694
78$6,809,223$1,508,284$858,810$5,163,833
79$7,453,266$1,531,693$837,083$5,609,832
80$8,161,412$1,554,658$813,037$6,099,741
81$8,940,147$1,577,108$786,546$6,638,025
82$9,796,621$1,598,965$757,474$7,229,603
83$10,738,710$1,620,148$725,683$7,879,901
84$11,775,091$1,640,567$691,026$8,594,894
85$12,915,325$1,660,130$653,350$9,381,172
86$14,169,948$1,678,736$612,497$10,245,996
87$15,550,565$1,696,277$568,298$11,197,370
88$17,069,967$1,712,638$520,580$12,244,116
89$18,742,245$1,727,699$469,161$13,395,956
90$20,582,927$1,741,329$413,850$14,663,608
91$22,609,120$1,753,389$354,449$16,058,881
92$24,839,677$1,763,732$290,751$17,594,794
93$27,295,371$1,772,202$222,537$19,285,695
94$29,999,090$1,778,630$149,583$21,147,397
95$32,976,055$1,782,842$71,653$23,197,329
96$36,254,059$1,784,646$0$25,454,699
97$39,863,723$1,783,844$0$27,943,381
98$43,838,794$1,780,224$0$30,702,131
99$48,216,454$1,773,558$0$33,739,891
100$53,037,678$1,763,608$0$37,085,070