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%12.7%
1 years$74,817$74,150$73,500$72,865$72,246$71,432
2 years$37,038$36,348$35,680$35,031$34,403$33,583
3 years$24,447$23,754$23,087$22,445$21,826$21,027
4 years$18,152$17,462$16,801$16,170$15,567$14,794
5 years$14,377$13,690$13,039$12,420$11,834$11,089
6 years$11,860$11,179$10,537$9,933$9,364$8,648
7 years$10,064$9,388$8,756$8,166$7,615$6,929
8 years$8,717$8,047$7,426$6,850$6,317$5,661
9 years$7,670$7,007$6,396$5,835$5,320$4,693
10 years$6,833$6,176$5,576$5,030$4,533$3,935
11 years$6,148$5,498$4,909$4,377$3,899$3,329
12 years$5,578$4,935$4,357$3,840$3,378$2,836
13 years$5,096$4,460$3,893$3,390$2,946$2,431
14 years$4,684$4,054$3,497$3,009$2,583$2,094
15 years$4,326$3,703$3,158$2,684$2,274$1,811
16 years$4,014$3,398$2,863$2,403$2,010$1,571
17 years$3,739$3,129$2,605$2,159$1,782$1,368
18 years$3,494$2,891$2,378$1,946$1,584$1,193
19 years$3,276$2,680$2,177$1,758$1,412$1,043
20 years$3,079$2,490$1,998$1,592$1,261$914
21 years$2,902$2,319$1,838$1,445$1,129$802
22 years$2,741$2,165$1,694$1,314$1,012$704
23 years$2,594$2,025$1,564$1,197$908$620
24 years$2,459$1,897$1,446$1,091$816$546
25 years$2,336$1,780$1,340$997$735$481
26 years$2,222$1,673$1,242$911$662$424
27 years$2,117$1,575$1,154$834$597$374
28 years$2,019$1,484$1,073$764$538$331
29 years$1,929$1,400$998$701$486$292
30 years$1,844$1,322$930$643$439$258
31 years$1,765$1,250$867$591$397$228
32 years$1,692$1,183$809$543$359$202
33 years$1,623$1,120$755$499$325$179
34 years$1,558$1,061$705$459$294$158
35 years$1,496$1,007$660$423$267$140
36 years$1,439$956$617$389$242$124
37 years$1,385$908$578$359$219$110
38 years$1,333$863$541$331$198$98
39 years$1,285$820$507$305$180$86
40 years$1,239$780$475$281$163$77
41 years$1,195$743$445$260$148$68
42 years$1,153$707$418$239$134$60
43 years$1,114$674$392$221$122$53
44 years$1,076$642$368$204$111$47
45 years$1,041$613$345$189$100$42
46 years$1,007$584$324$174$91$37
47 years$974$558$305$161$83$33
48 years$943$532$286$149$75$29
49 years$913$508$269$137$68$26
50 years$885$486$253$127$62$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $906,000, adding $2,078 every year, while hoping to spend $27,457 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: 58/33/9 Blend
54$906,000$906,000$906,000$906,000
55$1,000,555$952,537$938,494$1,056,381
56$1,073,398$969,998$940,720$1,111,647
57$1,152,750$987,393$942,100$1,168,588
58$1,239,247$1,004,692$942,577$1,229,981
59$1,333,588$1,021,859$942,090$1,296,254
60$1,436,541$1,038,858$940,578$1,367,880
61$1,548,954$1,055,648$937,973$1,445,381
62$1,671,759$1,072,185$934,206$1,529,332
63$1,805,980$1,088,425$929,204$1,620,364
64$1,952,750$1,104,317$922,892$1,719,177
65$2,113,310$1,119,808$915,188$1,826,539
66$2,289,031$1,134,842$906,010$1,943,299
67$2,481,420$1,149,358$895,270$2,070,391
68$2,692,139$1,163,290$882,876$2,208,845
69$2,923,016$1,176,570$868,731$2,359,799
70$3,176,066$1,189,124$852,735$2,524,503
71$3,453,505$1,200,872$834,783$2,704,340
72$3,757,779$1,211,730$814,764$2,900,831
73$4,091,576$1,221,609$792,562$3,115,654
74$4,457,862$1,230,413$768,058$3,350,660
75$4,859,901$1,238,040$741,125$3,607,888
76$5,301,288$1,244,382$711,631$3,889,588
77$5,785,987$1,249,324$679,437$4,198,237
78$6,318,359$1,252,743$644,400$4,536,571
79$6,903,213$1,254,508$606,369$4,907,603
80$7,545,844$1,254,482$565,185$5,314,654
81$8,252,086$1,252,518$520,685$5,761,388
82$9,028,366$1,248,459$472,695$6,251,844
83$9,881,766$1,242,140$421,037$6,790,472
84$10,820,087$1,233,385$365,523$7,382,181
85$11,851,924$1,222,009$305,955$8,032,383
86$12,986,745$1,207,813$242,131$8,747,042
87$14,234,985$1,190,588$173,834$9,532,734
88$15,608,139$1,170,112$100,843$10,396,711
89$17,118,872$1,146,150$22,924$11,346,963
90$18,781,139$1,118,453$0$12,392,301
91$20,610,315$1,086,758$0$13,548,223
92$22,623,343$1,050,785$0$14,822,377
93$24,838,889$1,010,238$0$16,224,388
94$27,277,522$964,806$0$17,767,295
95$29,961,904$914,156$0$19,465,468
96$32,917,010$857,941$0$21,334,747
97$36,170,354$795,789$0$23,392,593
98$39,752,257$727,310$0$25,658,249
99$43,696,128$652,090$0$28,152,925
100$48,038,783$569,692$0$30,900,001