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%11.3%
1 years$74,899$74,232$73,581$72,946$72,325$71,930
2 years$37,079$36,388$35,719$35,070$34,441$34,042
3 years$24,474$23,780$23,113$22,470$21,851$21,460
4 years$18,172$17,481$16,820$16,188$15,584$15,206
5 years$14,393$13,705$13,053$12,434$11,847$11,481
6 years$11,873$11,191$10,549$9,944$9,374$9,022
7 years$10,075$9,398$8,766$8,175$7,624$7,285
8 years$8,726$8,056$7,434$6,858$6,324$5,999
9 years$7,678$7,014$6,403$5,841$5,326$5,014
10 years$6,840$6,183$5,582$5,035$4,538$4,240
11 years$6,155$5,504$4,915$4,382$3,903$3,618
12 years$5,584$4,940$4,362$3,844$3,382$3,110
13 years$5,102$4,465$3,897$3,394$2,949$2,690
14 years$4,689$4,058$3,501$3,012$2,585$2,338
15 years$4,331$3,707$3,161$2,687$2,276$2,041
16 years$4,018$3,401$2,866$2,406$2,012$1,788
17 years$3,743$3,132$2,608$2,161$1,784$1,572
18 years$3,498$2,895$2,381$1,948$1,586$1,385
19 years$3,279$2,683$2,180$1,760$1,414$1,223
20 years$3,083$2,493$2,000$1,594$1,263$1,082
21 years$2,905$2,322$1,840$1,447$1,130$960
22 years$2,744$2,167$1,696$1,315$1,013$852
23 years$2,597$2,027$1,566$1,198$909$757
24 years$2,462$1,899$1,448$1,093$817$674
25 years$2,338$1,782$1,341$998$735$601
26 years$2,224$1,675$1,244$912$662$536
27 years$2,119$1,577$1,155$835$597$478
28 years$2,022$1,486$1,074$765$539$427
29 years$1,931$1,401$999$702$487$382
30 years$1,846$1,324$931$644$440$341
31 years$1,767$1,251$868$591$398$305
32 years$1,694$1,184$810$544$360$273
33 years$1,624$1,121$756$500$325$245
34 years$1,559$1,063$706$460$295$219
35 years$1,498$1,008$660$423$267$196
36 years$1,441$957$618$390$242$176
37 years$1,386$909$578$359$219$158
38 years$1,335$863$541$331$199$141
39 years$1,286$821$507$305$180$127
40 years$1,240$781$475$282$163$114
41 years$1,196$744$446$260$148$102
42 years$1,155$708$418$240$135$92
43 years$1,115$675$392$221$122$82
44 years$1,078$643$368$204$111$74
45 years$1,042$613$346$189$101$66
46 years$1,008$585$325$174$91$59
47 years$975$558$305$161$83$53
48 years$944$533$287$149$75$48
49 years$914$509$270$138$68$43
50 years$886$486$253$127$62$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $907,000, adding $6,308 every year, while hoping to spend $37,408 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: 70/14/16 Blend
54$907,000$907,000$907,000$907,000
55$1,006,021$957,950$943,891$1,072,267
56$1,068,833$965,087$935,710$1,124,288
57$1,136,798$971,321$926,000$1,176,131
58$1,210,403$976,567$914,673$1,231,915
59$1,290,181$980,736$901,631$1,292,023
60$1,376,721$983,733$886,777$1,356,879
61$1,470,668$985,458$870,006$1,426,949
62$1,572,734$985,803$851,209$1,502,747
63$1,683,701$984,655$830,272$1,584,842
64$1,804,428$981,893$807,076$1,673,860
65$1,935,863$977,389$781,496$1,770,492
66$2,079,046$971,006$753,402$1,875,499
67$2,235,125$962,602$722,657$1,989,723
68$2,405,360$952,022$689,118$2,114,090
69$2,591,140$939,104$652,637$2,249,623
70$2,793,993$923,677$613,057$2,397,451
71$3,015,602$905,559$570,216$2,558,817
72$3,257,819$884,556$523,944$2,735,093
73$3,522,682$860,466$474,062$2,927,795
74$3,812,438$833,070$420,384$3,138,590
75$4,129,557$802,141$362,718$3,369,321
76$4,476,762$767,436$300,859$3,622,019
77$4,857,051$728,700$234,597$3,898,923
78$5,273,725$685,661$163,711$4,202,503
79$5,730,418$638,032$87,969$4,535,485
80$6,231,136$585,511$7,131$4,900,872
81$6,780,288$527,777$0$5,301,978
82$7,382,732$464,492$0$5,755,968
83$8,043,816$395,298$0$6,255,537
84$8,769,434$319,816$0$6,803,957
85$9,566,078$237,649$0$7,406,176
86$10,440,897$148,373$0$8,067,649
87$11,401,769$51,544$0$8,794,385
88$12,457,371$0$0$9,593,010
89$13,617,261$0$0$10,479,035
90$14,891,972$0$0$11,461,549
91$16,293,104$0$0$12,541,560
92$17,833,439$0$0$13,728,926
93$19,527,059$0$0$15,034,509
94$21,389,479$0$0$16,470,277
95$23,437,792$0$0$18,049,414
96$25,690,829$0$0$19,786,446
97$28,169,342$0$0$21,697,380
98$30,896,191$0$0$23,799,849
99$33,896,567$0$0$26,113,285
100$37,198,223$0$0$28,659,095