Can I retire at age 55 with 909,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12%
1 years$75,064$74,396$73,743$73,107$72,485$71,878
2 years$37,161$36,468$35,798$35,147$34,517$33,905
3 years$24,528$23,833$23,164$22,519$21,899$21,301
4 years$18,212$17,519$16,857$16,224$15,618$15,039
5 years$14,424$13,735$13,082$12,462$11,873$11,314
6 years$11,900$11,216$10,572$9,966$9,395$8,857
7 years$10,097$9,419$8,785$8,193$7,640$7,124
8 years$8,746$8,074$7,451$6,873$6,338$5,844
9 years$7,695$7,030$6,417$5,854$5,338$4,865
10 years$6,855$6,196$5,595$5,047$4,548$4,096
11 years$6,169$5,516$4,926$4,392$3,912$3,480
12 years$5,597$4,951$4,371$3,852$3,390$2,978
13 years$5,113$4,474$3,905$3,401$2,956$2,564
14 years$4,699$4,067$3,509$3,019$2,591$2,219
15 years$4,341$3,715$3,168$2,692$2,281$1,928
16 years$4,027$3,409$2,872$2,411$2,016$1,681
17 years$3,751$3,139$2,614$2,166$1,788$1,470
18 years$3,506$2,901$2,386$1,952$1,590$1,289
19 years$3,286$2,689$2,184$1,764$1,417$1,133
20 years$3,089$2,498$2,005$1,598$1,266$998
21 years$2,911$2,327$1,844$1,450$1,133$880
22 years$2,750$2,172$1,699$1,318$1,015$777
23 years$2,602$2,032$1,569$1,201$911$687
24 years$2,467$1,904$1,451$1,095$819$608
25 years$2,344$1,786$1,344$1,000$737$539
26 years$2,229$1,679$1,247$914$664$478
27 years$2,124$1,580$1,158$837$599$424
28 years$2,026$1,489$1,076$767$540$377
29 years$1,935$1,405$1,001$703$488$335
30 years$1,850$1,326$933$645$441$298
31 years$1,771$1,254$870$593$398$265
32 years$1,697$1,187$811$545$360$236
33 years$1,628$1,124$758$501$326$210
34 years$1,563$1,065$708$461$295$187
35 years$1,501$1,010$662$424$267$167
36 years$1,444$959$619$391$242$148
37 years$1,389$911$579$360$220$132
38 years$1,338$865$543$332$199$118
39 years$1,289$823$508$306$181$105
40 years$1,243$783$476$282$164$94
41 years$1,199$745$447$260$149$84
42 years$1,157$710$419$240$135$75
43 years$1,118$676$393$222$122$66
44 years$1,080$645$369$205$111$59
45 years$1,044$615$347$189$101$53
46 years$1,010$586$326$175$92$47
47 years$977$560$306$161$83$42
48 years$946$534$287$149$75$38
49 years$916$510$270$138$69$34
50 years$888$487$254$127$62$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $909,000, adding $6,462 every year, while hoping to spend $27,726 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: 61/33/6 Blend
54$909,000$909,000$909,000$909,000
55$1,008,384$960,207$946,117$1,068,383
56$1,081,738$977,756$948,312$1,126,813
57$1,161,646$995,237$949,651$1,186,737
58$1,248,746$1,012,616$950,076$1,251,407
59$1,343,741$1,029,857$949,527$1,321,279
60$1,447,406$1,046,923$947,939$1,396,856
61$1,560,593$1,063,774$945,247$1,478,693
62$1,684,240$1,080,365$941,379$1,567,402
63$1,819,379$1,096,650$936,262$1,663,655
64$1,967,149$1,112,578$929,819$1,768,196
65$2,128,799$1,128,096$921,969$1,881,841
66$2,305,710$1,143,146$912,628$2,005,493
67$2,499,398$1,157,666$901,707$2,140,145
68$2,711,535$1,171,590$889,113$2,286,893
69$2,943,962$1,184,848$874,749$2,446,942
70$3,198,706$1,197,366$858,513$2,621,624
71$3,477,999$1,209,062$840,298$2,812,405
72$3,784,301$1,219,851$819,994$3,020,902
73$4,120,319$1,229,643$797,483$3,248,897
74$4,489,036$1,238,341$772,643$3,498,353
75$4,893,739$1,245,840$745,348$3,771,436
76$5,338,046$1,252,032$715,462$4,070,534
77$5,825,945$1,256,800$682,848$4,398,276
78$6,361,826$1,260,018$647,359$4,757,563
79$6,950,530$1,261,556$608,843$5,151,593
80$7,597,384$1,261,273$567,140$5,583,890
81$8,308,262$1,259,020$522,083$6,058,339
82$9,089,632$1,254,639$473,500$6,579,225
83$9,948,620$1,247,962$421,208$7,151,267
84$10,893,077$1,238,810$365,017$7,779,670
85$11,931,655$1,226,996$304,729$8,470,173
86$13,073,884$1,212,319$240,137$9,229,099
87$14,330,264$1,194,566$171,025$10,063,421
88$15,712,364$1,173,513$97,168$10,980,824
89$17,232,931$1,148,921$18,329$11,989,780
90$18,906,010$1,120,539$0$13,099,627
91$20,747,076$1,088,098$0$14,324,873
92$22,773,179$1,051,316$0$15,674,178
93$25,003,107$1,009,894$0$17,158,893
94$27,457,560$963,514$0$18,792,823
95$30,159,347$911,843$0$20,591,187
96$33,133,601$854,524$0$22,570,756
97$36,408,017$791,184$0$24,750,016
98$40,013,109$721,426$0$27,149,344
99$43,982,501$644,832$0$29,791,197
100$48,353,246$560,958$0$32,700,329