Can I retire at age 55 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$74,817$74,150$73,500$72,865$72,246$71,730
2 years$37,038$36,348$35,680$35,031$34,403$33,883
3 years$24,447$23,754$23,087$22,445$21,826$21,319
4 years$18,152$17,462$16,801$16,170$15,567$15,075
5 years$14,377$13,690$13,039$12,420$11,834$11,359
6 years$11,860$11,179$10,537$9,933$9,364$8,906
7 years$10,064$9,388$8,756$8,166$7,615$7,176
8 years$8,717$8,047$7,426$6,850$6,317$5,896
9 years$7,670$7,007$6,396$5,835$5,320$4,917
10 years$6,833$6,176$5,576$5,030$4,533$4,147
11 years$6,148$5,498$4,909$4,377$3,899$3,530
12 years$5,578$4,935$4,357$3,840$3,378$3,027
13 years$5,096$4,460$3,893$3,390$2,946$2,611
14 years$4,684$4,054$3,497$3,009$2,583$2,264
15 years$4,326$3,703$3,158$2,684$2,274$1,971
16 years$4,014$3,398$2,863$2,403$2,010$1,722
17 years$3,739$3,129$2,605$2,159$1,782$1,509
18 years$3,494$2,891$2,378$1,946$1,584$1,326
19 years$3,276$2,680$2,177$1,758$1,412$1,168
20 years$3,079$2,490$1,998$1,592$1,261$1,031
21 years$2,902$2,319$1,838$1,445$1,129$911
22 years$2,741$2,165$1,694$1,314$1,012$806
23 years$2,594$2,025$1,564$1,197$908$715
24 years$2,459$1,897$1,446$1,091$816$634
25 years$2,336$1,780$1,340$997$735$563
26 years$2,222$1,673$1,242$911$662$501
27 years$2,117$1,575$1,154$834$597$446
28 years$2,019$1,484$1,073$764$538$397
29 years$1,929$1,400$998$701$486$353
30 years$1,844$1,322$930$643$439$315
31 years$1,765$1,250$867$591$397$281
32 years$1,692$1,183$809$543$359$251
33 years$1,623$1,120$755$499$325$224
34 years$1,558$1,061$705$459$294$200
35 years$1,496$1,007$660$423$267$178
36 years$1,439$956$617$389$242$159
37 years$1,385$908$578$359$219$142
38 years$1,333$863$541$331$198$127
39 years$1,285$820$507$305$180$114
40 years$1,239$780$475$281$163$102
41 years$1,195$743$445$260$148$91
42 years$1,153$707$418$239$134$81
43 years$1,114$674$392$221$122$73
44 years$1,076$642$368$204$111$65
45 years$1,041$613$345$189$100$58
46 years$1,007$584$324$174$91$52
47 years$974$558$305$161$83$47
48 years$943$532$286$149$75$42
49 years$913$508$269$137$68$37
50 years$885$486$253$127$62$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $906,000, adding $3,211 every year, while hoping to spend $30,637 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: 35/41/24 Blend
54$906,000$906,000$906,000$906,000
55$1,001,724$953,706$939,663$1,029,407
56$1,071,302$967,840$938,544$1,064,337
57$1,146,951$981,640$936,361$1,098,974
58$1,229,256$995,057$933,046$1,135,735
59$1,318,865$1,008,039$928,527$1,174,829
60$1,416,486$1,020,530$922,729$1,216,487
61$1,522,902$1,032,470$915,575$1,260,967
62$1,638,973$1,043,797$906,983$1,308,553
63$1,765,647$1,054,441$896,865$1,359,558
64$1,903,966$1,064,332$885,133$1,414,333
65$2,055,078$1,073,391$871,692$1,473,263
66$2,220,245$1,081,536$856,443$1,536,776
67$2,400,859$1,088,681$839,283$1,605,345
68$2,598,452$1,094,731$820,104$1,679,493
69$2,814,709$1,099,588$798,793$1,759,802
70$3,051,488$1,103,147$775,231$1,846,912
71$3,310,833$1,105,294$749,294$1,941,533
72$3,594,996$1,105,912$720,854$2,044,450
73$3,906,458$1,104,873$689,774$2,156,533
74$4,247,948$1,102,044$655,914$2,278,741
75$4,622,477$1,097,282$619,125$2,412,138
76$5,033,356$1,090,435$579,252$2,557,897
77$5,484,235$1,081,344$536,134$2,717,318
78$5,979,135$1,069,837$489,602$2,891,836
79$6,522,483$1,055,735$439,480$3,083,038
80$7,119,157$1,038,847$385,583$3,292,677
81$7,774,530$1,018,970$327,719$3,522,690
82$8,494,522$995,889$265,688$3,775,220
83$9,285,653$969,377$199,278$4,052,632
84$10,155,107$939,194$128,271$4,357,538
85$11,110,798$905,085$52,439$4,692,824
86$12,161,446$866,781$0$5,061,680
87$13,316,656$823,996$0$5,474,921
88$14,587,012$776,429$0$5,943,945
89$15,984,175$723,761$0$6,459,668
90$17,520,990$665,655$0$7,026,901
91$19,211,613$601,754$0$7,650,948
92$21,071,639$531,682$0$8,337,663
93$23,118,252$455,040$0$9,093,501
94$25,370,385$371,408$0$9,925,583
95$27,848,898$280,341$0$10,841,764
96$30,576,778$181,370$0$11,850,707
97$33,579,351$73,999$0$12,961,966
98$36,884,525$0$0$14,186,080
99$40,523,049$0$0$15,553,752
100$44,528,805$0$0$17,096,379