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%17.7%
1 years$75,064$74,396$73,743$73,107$72,485$70,221
2 years$37,161$36,468$35,798$35,147$34,517$32,256
3 years$24,528$23,833$23,164$22,519$21,899$19,712
4 years$18,212$17,519$16,857$16,224$15,618$13,523
5 years$14,424$13,735$13,082$12,462$11,873$9,874
6 years$11,900$11,216$10,572$9,966$9,395$7,494
7 years$10,097$9,419$8,785$8,193$7,640$5,837
8 years$8,746$8,074$7,451$6,873$6,338$4,632
9 years$7,695$7,030$6,417$5,854$5,338$3,727
10 years$6,855$6,196$5,595$5,047$4,548$3,030
11 years$6,169$5,516$4,926$4,392$3,912$2,483
12 years$5,597$4,951$4,371$3,852$3,390$2,048
13 years$5,113$4,474$3,905$3,401$2,956$1,698
14 years$4,699$4,067$3,509$3,019$2,591$1,414
15 years$4,341$3,715$3,168$2,692$2,281$1,181
16 years$4,027$3,409$2,872$2,411$2,016$989
17 years$3,751$3,139$2,614$2,166$1,788$830
18 years$3,506$2,901$2,386$1,952$1,590$699
19 years$3,286$2,689$2,184$1,764$1,417$589
20 years$3,089$2,498$2,005$1,598$1,266$497
21 years$2,911$2,327$1,844$1,450$1,133$419
22 years$2,750$2,172$1,699$1,318$1,015$354
23 years$2,602$2,032$1,569$1,201$911$300
24 years$2,467$1,904$1,451$1,095$819$254
25 years$2,344$1,786$1,344$1,000$737$215
26 years$2,229$1,679$1,247$914$664$182
27 years$2,124$1,580$1,158$837$599$154
28 years$2,026$1,489$1,076$767$540$131
29 years$1,935$1,405$1,001$703$488$111
30 years$1,850$1,326$933$645$441$94
31 years$1,771$1,254$870$593$398$80
32 years$1,697$1,187$811$545$360$68
33 years$1,628$1,124$758$501$326$58
34 years$1,563$1,065$708$461$295$49
35 years$1,501$1,010$662$424$267$42
36 years$1,444$959$619$391$242$35
37 years$1,389$911$579$360$220$30
38 years$1,338$865$543$332$199$25
39 years$1,289$823$508$306$181$22
40 years$1,243$783$476$282$164$18
41 years$1,199$745$447$260$149$16
42 years$1,157$710$419$240$135$13
43 years$1,118$676$393$222$122$11
44 years$1,080$645$369$205$111$10
45 years$1,044$615$347$189$101$8
46 years$1,010$586$326$175$92$7
47 years$977$560$306$161$83$6
48 years$946$534$287$149$75$5
49 years$916$510$270$138$69$4
50 years$888$487$254$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $909,000, adding $4,086 every year, while hoping to spend $25,888 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: 64/26/10 Blend
54$909,000$909,000$909,000$909,000
55$1,005,933$957,756$943,666$1,067,867
56$1,080,993$977,141$947,734$1,129,098
57$1,162,842$996,609$951,071$1,192,550
58$1,252,145$1,016,135$953,625$1,261,195
59$1,349,633$1,035,695$955,341$1,335,539
60$1,456,113$1,055,262$956,162$1,416,136
61$1,572,472$1,074,805$956,028$1,503,598
62$1,699,686$1,094,292$954,877$1,598,598
63$1,838,830$1,113,689$952,642$1,701,878
64$1,991,090$1,132,958$949,255$1,814,257
65$2,157,767$1,152,060$944,641$1,936,635
66$2,340,299$1,170,951$938,726$2,070,005
67$2,540,266$1,189,584$931,430$2,215,462
68$2,759,410$1,207,910$922,669$2,374,211
69$2,999,647$1,225,874$912,356$2,547,582
70$3,263,089$1,243,421$900,399$2,737,039
71$3,552,064$1,260,488$886,701$2,944,195
72$3,869,132$1,277,009$871,164$3,170,829
73$4,217,116$1,292,916$853,680$3,418,903
74$4,599,125$1,308,131$834,141$3,690,576
75$5,018,582$1,322,576$812,431$3,988,229
76$5,479,259$1,336,164$788,429$4,314,489
77$5,985,312$1,348,805$762,011$4,672,247
78$6,541,319$1,360,401$733,042$5,064,691
79$7,152,321$1,370,848$701,387$5,495,336
80$7,823,875$1,380,037$666,901$5,968,056
81$8,562,101$1,387,850$629,433$6,487,119
82$9,373,742$1,394,161$588,826$7,057,232
83$10,266,227$1,398,839$544,915$7,683,579
84$11,247,742$1,401,741$497,529$8,371,879
85$12,327,303$1,402,717$446,487$9,128,431
86$13,514,846$1,401,609$391,603$9,960,180
87$14,821,318$1,398,246$332,680$10,874,782
88$16,258,782$1,392,449$269,514$11,880,671
89$17,840,526$1,384,028$201,891$12,987,149
90$19,581,194$1,372,779$129,588$14,204,463
91$21,496,919$1,358,488$52,373$15,543,910
92$23,605,479$1,340,928$0$17,017,942
93$25,926,462$1,319,858$0$18,643,486
94$28,481,451$1,295,022$0$20,438,635
95$31,294,231$1,266,149$0$22,414,495
96$34,391,005$1,232,953$0$24,589,470
97$37,800,651$1,195,131$0$26,983,844
98$41,554,985$1,152,361$0$29,619,968
99$45,689,070$1,104,303$0$32,522,478
100$50,241,540$1,050,598$0$35,718,523