Can I retire at age 55 with 907,000?

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 $907,000?

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$74,899$74,232$73,581$72,946$72,325$70,520
2 years$37,079$36,388$35,719$35,070$34,441$32,633
3 years$24,474$23,780$23,113$22,470$21,851$20,097
4 years$18,172$17,481$16,820$16,188$15,584$13,899
5 years$14,393$13,705$13,053$12,434$11,847$10,234
6 years$11,873$11,191$10,549$9,944$9,374$7,835
7 years$10,075$9,398$8,766$8,175$7,624$6,159
8 years$8,726$8,056$7,434$6,858$6,324$4,934
9 years$7,678$7,014$6,403$5,841$5,326$4,008
10 years$6,840$6,183$5,582$5,035$4,538$3,291
11 years$6,155$5,504$4,915$4,382$3,903$2,725
12 years$5,584$4,940$4,362$3,844$3,382$2,272
13 years$5,102$4,465$3,897$3,394$2,949$1,904
14 years$4,689$4,058$3,501$3,012$2,585$1,603
15 years$4,331$3,707$3,161$2,687$2,276$1,354
16 years$4,018$3,401$2,866$2,406$2,012$1,147
17 years$3,743$3,132$2,608$2,161$1,784$974
18 years$3,498$2,895$2,381$1,948$1,586$829
19 years$3,279$2,683$2,180$1,760$1,414$707
20 years$3,083$2,493$2,000$1,594$1,263$604
21 years$2,905$2,322$1,840$1,447$1,130$516
22 years$2,744$2,167$1,696$1,315$1,013$442
23 years$2,597$2,027$1,566$1,198$909$379
24 years$2,462$1,899$1,448$1,093$817$325
25 years$2,338$1,782$1,341$998$735$279
26 years$2,224$1,675$1,244$912$662$239
27 years$2,119$1,577$1,155$835$597$205
28 years$2,022$1,486$1,074$765$539$176
29 years$1,931$1,401$999$702$487$152
30 years$1,846$1,324$931$644$440$130
31 years$1,767$1,251$868$591$398$112
32 years$1,694$1,184$810$544$360$96
33 years$1,624$1,121$756$500$325$83
34 years$1,559$1,063$706$460$295$71
35 years$1,498$1,008$660$423$267$61
36 years$1,441$957$618$390$242$53
37 years$1,386$909$578$359$219$46
38 years$1,335$863$541$331$199$39
39 years$1,286$821$507$305$180$34
40 years$1,240$781$475$282$163$29
41 years$1,196$744$446$260$148$25
42 years$1,155$708$418$240$135$22
43 years$1,115$675$392$221$122$19
44 years$1,078$643$368$204$111$16
45 years$1,042$613$346$189$101$14
46 years$1,008$585$325$174$91$12
47 years$975$558$305$161$83$10
48 years$944$533$287$149$75$9
49 years$914$509$270$138$68$8
50 years$886$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 $907,000, adding $3,433 every year, while hoping to spend $46,835 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: 48/24/28 Blend
54$907,000$907,000$907,000$907,000
55$1,003,055$954,984$940,926$1,043,040
56$1,055,535$951,946$922,615$1,068,477
57$1,111,797$947,190$902,120$1,091,220
58$1,172,180$940,581$879,320$1,115,011
59$1,237,051$931,979$854,087$1,139,975
60$1,306,816$921,232$826,285$1,166,248
61$1,381,921$908,181$795,774$1,193,985
62$1,462,853$892,658$762,409$1,223,360
63$1,550,149$874,484$726,035$1,254,567
64$1,644,399$853,468$686,492$1,287,825
65$1,746,251$829,412$643,613$1,323,376
66$1,856,417$802,101$597,222$1,361,495
67$1,975,679$771,311$547,136$1,402,484
68$2,104,898$736,805$493,165$1,446,686
69$2,245,020$698,331$435,109$1,494,477
70$2,397,085$655,623$372,758$1,546,283
71$2,562,238$608,398$305,895$1,602,574
72$2,741,737$556,360$234,293$1,663,876
73$2,936,966$499,194$157,714$1,730,772
74$3,149,449$436,567$75,910$1,803,914
75$3,380,862$368,128$0$1,884,025
76$3,633,050$293,506$0$1,975,313
77$3,908,042$212,309$0$2,099,690
78$4,208,072$124,122$0$2,235,532
79$4,535,600$28,508$0$2,384,029
80$4,893,333$0$0$2,546,495
81$5,284,250$0$0$2,744,189
82$5,711,631$0$0$2,968,651
83$6,179,091$0$0$3,214,262
84$6,690,604$0$0$3,483,124
85$7,250,551$0$0$3,777,552
86$7,863,754$0$0$4,100,094
87$8,535,524$0$0$4,453,559
88$9,271,709$0$0$4,841,037
89$10,078,749$0$0$5,265,934
90$10,963,740$0$0$5,732,001
91$11,934,494$0$0$6,243,369
92$12,999,617$0$0$6,804,587
93$14,168,588$0$0$7,420,668
94$15,451,850$0$0$8,097,133
95$16,860,903$0$0$8,840,063
96$18,408,417$0$0$9,656,158
97$20,108,351$0$0$10,552,798
98$21,976,080$0$0$11,538,115
99$24,028,543$0$0$12,621,066
100$26,284,400$0$0$13,811,518