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%16.1%
1 years$74,817$74,150$73,500$72,865$72,246$70,442
2 years$37,038$36,348$35,680$35,031$34,403$32,597
3 years$24,447$23,754$23,087$22,445$21,826$20,075
4 years$18,152$17,462$16,801$16,170$15,567$13,883
5 years$14,377$13,690$13,039$12,420$11,834$10,223
6 years$11,860$11,179$10,537$9,933$9,364$7,827
7 years$10,064$9,388$8,756$8,166$7,615$6,153
8 years$8,717$8,047$7,426$6,850$6,317$4,929
9 years$7,670$7,007$6,396$5,835$5,320$4,004
10 years$6,833$6,176$5,576$5,030$4,533$3,288
11 years$6,148$5,498$4,909$4,377$3,899$2,722
12 years$5,578$4,935$4,357$3,840$3,378$2,269
13 years$5,096$4,460$3,893$3,390$2,946$1,902
14 years$4,684$4,054$3,497$3,009$2,583$1,601
15 years$4,326$3,703$3,158$2,684$2,274$1,352
16 years$4,014$3,398$2,863$2,403$2,010$1,146
17 years$3,739$3,129$2,605$2,159$1,782$973
18 years$3,494$2,891$2,378$1,946$1,584$829
19 years$3,276$2,680$2,177$1,758$1,412$706
20 years$3,079$2,490$1,998$1,592$1,261$603
21 years$2,902$2,319$1,838$1,445$1,129$516
22 years$2,741$2,165$1,694$1,314$1,012$442
23 years$2,594$2,025$1,564$1,197$908$378
24 years$2,459$1,897$1,446$1,091$816$324
25 years$2,336$1,780$1,340$997$735$278
26 years$2,222$1,673$1,242$911$662$239
27 years$2,117$1,575$1,154$834$597$205
28 years$2,019$1,484$1,073$764$538$176
29 years$1,929$1,400$998$701$486$151
30 years$1,844$1,322$930$643$439$130
31 years$1,765$1,250$867$591$397$112
32 years$1,692$1,183$809$543$359$96
33 years$1,623$1,120$755$499$325$83
34 years$1,558$1,061$705$459$294$71
35 years$1,496$1,007$660$423$267$61
36 years$1,439$956$617$389$242$53
37 years$1,385$908$578$359$219$45
38 years$1,333$863$541$331$198$39
39 years$1,285$820$507$305$180$34
40 years$1,239$780$475$281$163$29
41 years$1,195$743$445$260$148$25
42 years$1,153$707$418$239$134$22
43 years$1,114$674$392$221$122$19
44 years$1,076$642$368$204$111$16
45 years$1,041$613$345$189$100$14
46 years$1,007$584$324$174$91$12
47 years$974$558$305$161$83$10
48 years$943$532$286$149$75$9
49 years$913$508$269$137$68$8
50 years$885$486$253$127$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $906,000, adding $3,755 every year, while hoping to spend $44,718 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: 43/43/14 Blend
54$906,000$906,000$906,000$906,000
55$1,002,285$954,267$940,224$1,041,156
56$1,056,939$953,447$924,142$1,067,939
57$1,115,668$951,087$906,023$1,092,187
58$1,178,842$947,066$885,750$1,117,483
59$1,246,865$941,253$863,204$1,143,943
60$1,320,181$933,511$838,257$1,171,697
61$1,399,279$923,692$810,778$1,200,892
62$1,484,695$911,643$780,628$1,231,691
63$1,577,018$897,197$747,663$1,264,279
64$1,676,895$880,181$711,732$1,298,863
65$1,785,039$860,411$672,676$1,335,673
66$1,902,233$837,691$630,330$1,374,969
67$2,029,337$811,814$584,522$1,417,040
68$2,167,297$782,561$535,071$1,462,210
69$2,317,155$749,699$481,790$1,510,841
70$2,480,055$712,985$424,480$1,563,336
71$2,657,257$672,158$362,937$1,620,146
72$2,850,147$626,944$296,945$1,681,772
73$3,060,250$577,052$226,281$1,748,774
74$3,289,245$522,177$150,711$1,821,775
75$3,538,978$461,993$69,989$1,901,470
76$3,811,482$396,159$0$1,988,629
77$4,108,994$324,312$0$2,086,525
78$4,433,978$246,070$0$2,205,013
79$4,789,145$161,029$0$2,334,730
80$5,177,481$68,762$0$2,476,899
81$5,602,272$0$0$2,632,872
82$6,067,137$0$0$2,818,904
83$6,576,061$0$0$3,058,297
84$7,133,433$0$0$3,320,592
85$7,744,086$0$0$3,608,077
86$8,413,341$0$0$3,923,271
87$9,147,060$0$0$4,268,952
88$9,951,698$0$0$4,648,175
89$10,834,366$0$0$5,064,309
90$11,802,895$0$0$5,521,062
91$12,865,912$0$0$6,022,519
92$14,032,919$0$0$6,573,183
93$15,314,384$0$0$7,178,009
94$16,721,836$0$0$7,842,460
95$18,267,978$0$0$8,572,552
96$19,966,802$0$0$9,374,914
97$21,833,725$0$0$10,256,847
98$23,885,728$0$0$11,226,397
99$26,141,522$0$0$12,292,427
100$28,621,720$0$0$13,464,701