Can I retire at age 55 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$75,230$74,559$73,906$73,268$72,644$69,845
2 years$37,242$36,549$35,877$35,225$34,593$31,806
3 years$24,582$23,885$23,214$22,569$21,947$19,260
4 years$18,252$17,558$16,894$16,260$15,653$13,086
5 years$14,456$13,766$13,111$12,489$11,899$9,460
6 years$11,926$11,241$10,595$9,987$9,415$7,105
7 years$10,119$9,440$8,805$8,211$7,657$5,475
8 years$8,765$8,092$7,467$6,888$6,352$4,296
9 years$7,712$7,045$6,431$5,867$5,350$3,416
10 years$6,870$6,210$5,607$5,058$4,558$2,744
11 years$6,182$5,529$4,936$4,402$3,920$2,222
12 years$5,609$4,962$4,381$3,861$3,397$1,809
13 years$5,125$4,484$3,914$3,409$2,962$1,481
14 years$4,710$4,076$3,517$3,026$2,597$1,217
15 years$4,350$3,724$3,175$2,698$2,286$1,003
16 years$4,036$3,416$2,879$2,416$2,021$828
17 years$3,759$3,146$2,620$2,171$1,792$686
18 years$3,513$2,907$2,391$1,956$1,593$569
19 years$3,294$2,694$2,189$1,768$1,420$472
20 years$3,096$2,504$2,009$1,601$1,268$393
21 years$2,918$2,332$1,848$1,453$1,135$327
22 years$2,756$2,177$1,703$1,321$1,017$272
23 years$2,608$2,036$1,573$1,203$913$227
24 years$2,473$1,908$1,454$1,097$821$189
25 years$2,349$1,790$1,347$1,002$739$158
26 years$2,234$1,683$1,249$916$665$132
27 years$2,128$1,584$1,160$839$600$110
28 years$2,030$1,492$1,078$768$541$92
29 years$1,939$1,408$1,004$705$489$77
30 years$1,854$1,329$935$647$442$64
31 years$1,775$1,257$872$594$399$54
32 years$1,701$1,189$813$546$361$45
33 years$1,631$1,126$759$502$327$37
34 years$1,566$1,067$709$462$296$31
35 years$1,505$1,012$663$425$268$26
36 years$1,447$961$620$392$243$22
37 years$1,392$913$581$361$220$18
38 years$1,341$867$544$333$200$15
39 years$1,292$825$509$307$181$13
40 years$1,245$785$478$283$164$11
41 years$1,202$747$448$261$149$9
42 years$1,160$711$420$241$135$7
43 years$1,120$678$394$222$123$6
44 years$1,082$646$370$205$111$5
45 years$1,046$616$347$190$101$4
46 years$1,012$588$326$175$92$4
47 years$979$561$307$162$83$3
48 years$948$535$288$149$76$3
49 years$918$511$271$138$69$2
50 years$889$488$255$128$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $911,000, adding $5,082 every year, while hoping to spend $54,538 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: 57/24/19 Blend
54$911,000$911,000$911,000$911,000
55$1,009,164$960,881$946,761$1,061,319
56$1,054,071$949,936$920,449$1,086,429
57$1,101,730$936,627$891,428$1,107,456
58$1,152,365$920,781$859,550$1,129,157
59$1,206,220$902,213$824,658$1,151,607
60$1,263,562$880,729$786,592$1,174,896
61$1,324,684$856,123$745,181$1,199,120
62$1,389,906$828,177$700,249$1,224,392
63$1,459,578$796,660$651,609$1,250,838
64$1,534,087$761,327$599,069$1,278,601
65$1,613,852$721,920$542,427$1,307,840
66$1,699,337$678,167$481,470$1,338,735
67$1,791,049$629,776$415,979$1,371,490
68$1,889,544$576,444$345,722$1,406,332
69$1,995,434$517,846$270,460$1,443,517
70$2,109,389$453,641$189,942$1,483,330
71$2,232,146$383,469$103,904$1,526,092
72$2,364,513$306,947$12,073$1,572,162
73$2,507,380$223,674$0$1,621,940
74$2,661,722$133,223$0$1,693,295
75$2,828,612$35,146$0$1,773,050
76$3,009,230$0$0$1,859,376
77$3,204,873$0$0$1,971,721
78$3,416,965$0$0$2,103,641
79$3,647,074$0$0$2,246,837
80$3,896,924$0$0$2,402,390
81$4,168,410$0$0$2,571,491
82$4,463,620$0$0$2,755,448
83$4,784,847$0$0$2,955,701
84$5,134,616$0$0$3,173,835
85$5,515,705$0$0$3,411,592
86$5,931,173$0$0$3,670,893
87$6,384,383$0$0$3,953,849
88$6,879,040$0$0$4,262,786
89$7,419,221$0$0$4,600,261
90$8,009,413$0$0$4,969,093
91$8,654,559$0$0$5,372,383
92$9,360,096$0$0$5,813,547
93$10,132,017$0$0$6,296,345
94$10,976,914$0$0$6,824,918
95$11,902,051$0$0$7,403,825
96$12,915,425$0$0$8,038,087
97$14,025,844$0$0$8,733,235
98$15,243,005$0$0$9,495,359
99$16,577,593$0$0$10,331,166
100$18,041,373$0$0$11,248,046