Can I retire at age 55 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$75,064$74,396$73,743$73,107$72,485$70,137
2 years$37,161$36,468$35,798$35,147$34,517$32,173
3 years$24,528$23,833$23,164$22,519$21,899$19,633
4 years$18,212$17,519$16,857$16,224$15,618$13,448
5 years$14,424$13,735$13,082$12,462$11,873$9,804
6 years$11,900$11,216$10,572$9,966$9,395$7,428
7 years$10,097$9,419$8,785$8,193$7,640$5,777
8 years$8,746$8,074$7,451$6,873$6,338$4,576
9 years$7,695$7,030$6,417$5,854$5,338$3,675
10 years$6,855$6,196$5,595$5,047$4,548$2,982
11 years$6,169$5,516$4,926$4,392$3,912$2,439
12 years$5,597$4,951$4,371$3,852$3,390$2,008
13 years$5,113$4,474$3,905$3,401$2,956$1,661
14 years$4,699$4,067$3,509$3,019$2,591$1,380
15 years$4,341$3,715$3,168$2,692$2,281$1,150
16 years$4,027$3,409$2,872$2,411$2,016$962
17 years$3,751$3,139$2,614$2,166$1,788$806
18 years$3,506$2,901$2,386$1,952$1,590$676
19 years$3,286$2,689$2,184$1,764$1,417$568
20 years$3,089$2,498$2,005$1,598$1,266$478
21 years$2,911$2,327$1,844$1,450$1,133$403
22 years$2,750$2,172$1,699$1,318$1,015$340
23 years$2,602$2,032$1,569$1,201$911$287
24 years$2,467$1,904$1,451$1,095$819$242
25 years$2,344$1,786$1,344$1,000$737$205
26 years$2,229$1,679$1,247$914$664$173
27 years$2,124$1,580$1,158$837$599$146
28 years$2,026$1,489$1,076$767$540$124
29 years$1,935$1,405$1,001$703$488$105
30 years$1,850$1,326$933$645$441$89
31 years$1,771$1,254$870$593$398$75
32 years$1,697$1,187$811$545$360$64
33 years$1,628$1,124$758$501$326$54
34 years$1,563$1,065$708$461$295$46
35 years$1,501$1,010$662$424$267$39
36 years$1,444$959$619$391$242$33
37 years$1,389$911$579$360$220$28
38 years$1,338$865$543$332$199$23
39 years$1,289$823$508$306$181$20
40 years$1,243$783$476$282$164$17
41 years$1,199$745$447$260$149$14
42 years$1,157$710$419$240$135$12
43 years$1,118$676$393$222$122$10
44 years$1,080$645$369$205$111$9
45 years$1,044$615$347$189$101$7
46 years$1,010$586$326$175$92$6
47 years$977$560$306$161$83$5
48 years$946$534$287$149$75$4
49 years$916$510$270$138$69$4
50 years$888$487$254$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $909,000, adding $2,336 every year, while hoping to spend $52,257 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: 36/40/24 Blend
54$909,000$909,000$909,000$909,000
55$1,004,128$955,951$941,861$1,032,939
56$1,050,948$947,191$917,812$1,045,606
57$1,100,792$936,251$891,207$1,054,303
58$1,153,913$922,968$861,903$1,062,652
59$1,210,590$907,171$829,754$1,070,654
60$1,271,125$888,678$794,606$1,078,315
61$1,335,853$867,295$756,298$1,085,647
62$1,405,137$842,820$714,661$1,092,668
63$1,479,378$815,036$669,520$1,099,402
64$1,559,016$783,714$620,690$1,105,882
65$1,644,533$748,613$567,980$1,112,149
66$1,736,457$709,476$511,189$1,118,258
67$1,835,368$666,034$450,107$1,124,273
68$1,941,906$617,999$384,515$1,130,272
69$2,056,769$565,070$314,185$1,136,351
70$2,180,727$506,926$238,878$1,142,619
71$2,314,624$443,229$158,344$1,149,210
72$2,459,391$373,622$72,323$1,156,278
73$2,616,047$297,727$0$1,164,001
74$2,785,714$215,146$0$1,177,576
75$2,969,627$125,458$0$1,212,343
76$3,169,141$28,219$0$1,250,112
77$3,385,750$0$0$1,291,279
78$3,621,093$0$0$1,370,197
79$3,876,976$0$0$1,469,621
80$4,155,385$0$0$1,577,915
81$4,458,504$0$0$1,695,944
82$4,788,739$0$0$1,824,661
83$5,148,735$0$0$1,965,112
84$5,541,405$0$0$2,118,450
85$5,969,952$0$0$2,285,946
86$6,437,907$0$0$2,468,995
87$6,949,151$0$0$2,669,137
88$7,507,962$0$0$2,888,065
89$8,119,047$0$0$3,127,644
90$8,787,588$0$0$3,389,928
91$9,519,294$0$0$3,677,177
92$10,320,447$0$0$3,991,882
93$11,197,968$0$0$4,336,785
94$12,159,480$0$0$4,714,907
95$13,213,374$0$0$5,129,574
96$14,368,894$0$0$5,584,451
97$15,636,222$0$0$6,083,572
98$17,026,571$0$0$6,631,383
99$18,552,292$0$0$7,232,780
100$20,226,990$0$0$7,893,157