Can I retire at age 55 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$74,982$74,314$73,662$73,026$72,405$69,560
2 years$37,120$36,428$35,758$35,109$34,479$31,647
3 years$24,501$23,806$23,138$22,495$21,875$19,146
4 years$18,192$17,500$16,839$16,206$15,601$12,996
5 years$14,408$13,720$13,067$12,448$11,860$9,384
6 years$11,887$11,204$10,560$9,955$9,384$7,040
7 years$10,086$9,409$8,776$8,184$7,632$5,419
8 years$8,736$8,065$7,443$6,866$6,331$4,247
9 years$7,687$7,022$6,410$5,848$5,332$3,373
10 years$6,848$6,190$5,589$5,041$4,543$2,706
11 years$6,162$5,510$4,920$4,387$3,907$2,188
12 years$5,591$4,946$4,366$3,848$3,386$1,780
13 years$5,108$4,470$3,901$3,397$2,953$1,454
14 years$4,694$4,063$3,505$3,016$2,588$1,193
15 years$4,336$3,711$3,165$2,690$2,279$982
16 years$4,023$3,405$2,869$2,408$2,014$810
17 years$3,747$3,136$2,611$2,164$1,786$670
18 years$3,502$2,898$2,383$1,950$1,588$555
19 years$3,283$2,686$2,182$1,762$1,415$460
20 years$3,086$2,496$2,002$1,596$1,264$382
21 years$2,908$2,325$1,842$1,448$1,131$317
22 years$2,747$2,170$1,698$1,317$1,014$264
23 years$2,599$2,029$1,567$1,199$910$219
24 years$2,465$1,901$1,450$1,094$818$183
25 years$2,341$1,784$1,343$999$736$152
26 years$2,227$1,677$1,245$913$663$127
27 years$2,121$1,578$1,156$836$598$106
28 years$2,024$1,487$1,075$766$539$88
29 years$1,933$1,403$1,000$702$487$73
30 years$1,848$1,325$932$645$440$61
31 years$1,769$1,253$869$592$398$51
32 years$1,695$1,185$810$544$360$43
33 years$1,626$1,122$757$500$326$36
34 years$1,561$1,064$707$460$295$30
35 years$1,500$1,009$661$424$267$25
36 years$1,442$958$618$390$242$21
37 years$1,388$910$579$360$219$17
38 years$1,336$864$542$331$199$14
39 years$1,288$822$508$306$180$12
40 years$1,241$782$476$282$164$10
41 years$1,198$744$446$260$148$8
42 years$1,156$709$419$240$135$7
43 years$1,116$676$393$222$122$6
44 years$1,079$644$369$205$111$5
45 years$1,043$614$346$189$101$4
46 years$1,009$586$325$175$91$3
47 years$976$559$306$161$83$3
48 years$945$534$287$149$75$2
49 years$915$510$270$138$68$2
50 years$887$487$254$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $908,000, adding $2,045 every year, while hoping to spend $42,400 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: 56/33/11 Blend
54$908,000$908,000$908,000$908,000
55$1,002,725$954,601$940,527$1,056,018
56$1,059,890$956,264$926,922$1,093,959
57$1,121,465$956,586$911,439$1,130,419
58$1,187,854$955,459$893,972$1,169,126
59$1,259,503$952,764$874,408$1,210,301
60$1,336,900$948,378$852,629$1,254,190
61$1,420,583$942,168$828,512$1,301,065
62$1,511,143$933,994$801,927$1,351,227
63$1,609,228$923,708$772,740$1,405,010
64$1,715,552$911,152$740,809$1,462,784
65$1,830,899$896,160$705,988$1,524,959
66$1,956,134$878,555$668,121$1,591,989
67$2,092,205$858,149$627,048$1,664,377
68$2,240,156$834,744$582,600$1,742,679
69$2,401,136$808,131$534,602$1,827,513
70$2,576,409$778,087$482,869$1,919,560
71$2,767,367$744,377$427,209$2,019,575
72$2,975,539$706,753$367,421$2,128,396
73$3,202,611$664,951$303,297$2,246,945
74$3,450,437$618,693$234,616$2,376,248
75$3,721,057$567,684$161,152$2,517,435
76$4,016,719$511,615$82,664$2,671,758
77$4,339,896$450,156$0$2,840,603
78$4,693,312$382,959$0$3,025,629
79$5,079,964$309,659$0$3,238,762
80$5,503,155$229,867$0$3,472,194
81$5,966,520$143,173$0$3,728,025
82$6,474,062$49,146$0$4,008,577
83$7,030,191$0$0$4,316,412
84$7,639,762$0$0$4,673,487
85$8,308,123$0$0$5,084,649
86$9,041,164$0$0$5,535,686
87$9,845,371$0$0$6,030,599
88$10,727,890$0$0$6,573,796
89$11,696,593$0$0$7,170,134
90$12,760,149$0$0$7,824,962
91$13,928,109$0$0$8,544,171
92$15,210,992$0$0$9,334,253
93$16,620,390$0$0$10,202,359
94$18,169,070$0$0$11,156,366
95$19,871,096$0$0$12,204,953
96$21,741,967$0$0$13,357,680
97$23,798,752$0$0$14,625,082
98$26,060,261$0$0$16,018,764
99$28,547,217$0$0$17,551,513
100$31,282,449$0$0$19,237,415