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%18.3%
1 years$75,064$74,396$73,743$73,107$72,485$70,053
2 years$37,161$36,468$35,798$35,147$34,517$32,090
3 years$24,528$23,833$23,164$22,519$21,899$19,554
4 years$18,212$17,519$16,857$16,224$15,618$13,374
5 years$14,424$13,735$13,082$12,462$11,873$9,734
6 years$11,900$11,216$10,572$9,966$9,395$7,363
7 years$10,097$9,419$8,785$8,193$7,640$5,716
8 years$8,746$8,074$7,451$6,873$6,338$4,520
9 years$7,695$7,030$6,417$5,854$5,338$3,623
10 years$6,855$6,196$5,595$5,047$4,548$2,935
11 years$6,169$5,516$4,926$4,392$3,912$2,396
12 years$5,597$4,951$4,371$3,852$3,390$1,968
13 years$5,113$4,474$3,905$3,401$2,956$1,625
14 years$4,699$4,067$3,509$3,019$2,591$1,347
15 years$4,341$3,715$3,168$2,692$2,281$1,121
16 years$4,027$3,409$2,872$2,411$2,016$935
17 years$3,751$3,139$2,614$2,166$1,788$781
18 years$3,506$2,901$2,386$1,952$1,590$654
19 years$3,286$2,689$2,184$1,764$1,417$549
20 years$3,089$2,498$2,005$1,598$1,266$461
21 years$2,911$2,327$1,844$1,450$1,133$387
22 years$2,750$2,172$1,699$1,318$1,015$326
23 years$2,602$2,032$1,569$1,201$911$274
24 years$2,467$1,904$1,451$1,095$819$231
25 years$2,344$1,786$1,344$1,000$737$195
26 years$2,229$1,679$1,247$914$664$164
27 years$2,124$1,580$1,158$837$599$139
28 years$2,026$1,489$1,076$767$540$117
29 years$1,935$1,405$1,001$703$488$99
30 years$1,850$1,326$933$645$441$83
31 years$1,771$1,254$870$593$398$70
32 years$1,697$1,187$811$545$360$59
33 years$1,628$1,124$758$501$326$50
34 years$1,563$1,065$708$461$295$42
35 years$1,501$1,010$662$424$267$36
36 years$1,444$959$619$391$242$30
37 years$1,389$911$579$360$220$26
38 years$1,338$865$543$332$199$22
39 years$1,289$823$508$306$181$18
40 years$1,243$783$476$282$164$15
41 years$1,199$745$447$260$149$13
42 years$1,157$710$419$240$135$11
43 years$1,118$676$393$222$122$9
44 years$1,080$645$369$205$111$8
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$3
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 $4,240 every year, while hoping to spend $59,568 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: 87/8/5 Blend
54$909,000$909,000$909,000$909,000
55$1,006,092$957,915$943,825$1,093,328
56$1,045,333$941,472$912,063$1,134,321
57$1,086,581$922,228$877,241$1,170,640
58$1,129,976$899,982$839,193$1,208,607
59$1,175,674$874,521$797,746$1,248,341
60$1,223,841$845,621$752,719$1,289,976
61$1,274,662$813,046$703,924$1,333,657
62$1,328,335$776,542$651,163$1,379,546
63$1,385,078$735,845$594,230$1,427,817
64$1,445,128$690,674$532,908$1,478,664
65$1,508,744$640,730$466,974$1,532,298
66$1,576,210$585,700$396,192$1,588,954
67$1,647,835$525,251$320,316$1,648,887
68$1,723,958$459,032$239,090$1,712,379
69$1,804,949$386,672$152,247$1,779,741
70$1,891,212$307,778$59,506$1,851,315
71$1,983,193$221,936$0$1,927,475
72$2,081,377$128,708$0$2,010,741
73$2,186,296$27,634$0$2,102,989
74$2,298,535$0$0$2,201,560
75$2,418,732$0$0$2,314,221
76$2,547,591$0$0$2,437,615
77$2,685,881$0$0$2,570,046
78$2,834,448$0$0$2,712,325
79$2,994,218$0$0$2,865,340
80$3,166,211$0$0$3,030,068
81$3,351,544$0$0$3,207,581
82$3,551,446$0$0$3,399,057
83$3,767,267$0$0$3,605,788
84$4,000,489$0$0$3,829,197
85$4,252,742$0$0$4,070,846
86$4,525,817$0$0$4,332,451
87$4,821,683$0$0$4,615,901
88$5,142,507$0$0$4,923,272
89$5,490,668$0$0$5,256,845
90$5,868,785$0$0$5,619,133
91$6,279,740$0$0$6,012,895
92$6,726,701$0$0$6,441,171
93$7,213,154$0$0$6,907,301
94$7,742,936$0$0$7,414,965
95$8,320,268$0$0$7,968,209
96$8,949,796$0$0$8,571,486
97$9,636,633$0$0$9,229,699
98$10,386,407$0$0$9,948,243
99$11,205,313$0$0$10,733,058
100$12,100,171$0$0$11,590,682