Can I retire at age 55 with 911,000?

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 $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%12.9%
1 years$75,230$74,559$73,906$73,268$72,644$71,766
2 years$37,242$36,549$35,877$35,225$34,593$33,709
3 years$24,582$23,885$23,214$22,569$21,947$21,085
4 years$18,252$17,558$16,894$16,260$15,653$14,819
5 years$14,456$13,766$13,111$12,489$11,899$11,097
6 years$11,926$11,241$10,595$9,987$9,415$8,645
7 years$10,119$9,440$8,805$8,211$7,657$6,919
8 years$8,765$8,092$7,467$6,888$6,352$5,646
9 years$7,712$7,045$6,431$5,867$5,350$4,675
10 years$6,870$6,210$5,607$5,058$4,558$3,915
11 years$6,182$5,529$4,936$4,402$3,920$3,308
12 years$5,609$4,962$4,381$3,861$3,397$2,815
13 years$5,125$4,484$3,914$3,409$2,962$2,410
14 years$4,710$4,076$3,517$3,026$2,597$2,073
15 years$4,350$3,724$3,175$2,698$2,286$1,790
16 years$4,036$3,416$2,879$2,416$2,021$1,551
17 years$3,759$3,146$2,620$2,171$1,792$1,348
18 years$3,513$2,907$2,391$1,956$1,593$1,175
19 years$3,294$2,694$2,189$1,768$1,420$1,026
20 years$3,096$2,504$2,009$1,601$1,268$897
21 years$2,918$2,332$1,848$1,453$1,135$786
22 years$2,756$2,177$1,703$1,321$1,017$689
23 years$2,608$2,036$1,573$1,203$913$605
24 years$2,473$1,908$1,454$1,097$821$532
25 years$2,349$1,790$1,347$1,002$739$468
26 years$2,234$1,683$1,249$916$665$412
27 years$2,128$1,584$1,160$839$600$363
28 years$2,030$1,492$1,078$768$541$321
29 years$1,939$1,408$1,004$705$489$283
30 years$1,854$1,329$935$647$442$250
31 years$1,775$1,257$872$594$399$220
32 years$1,701$1,189$813$546$361$195
33 years$1,631$1,126$759$502$327$172
34 years$1,566$1,067$709$462$296$152
35 years$1,505$1,012$663$425$268$134
36 years$1,447$961$620$392$243$119
37 years$1,392$913$581$361$220$105
38 years$1,341$867$544$333$200$93
39 years$1,292$825$509$307$181$82
40 years$1,245$785$478$283$164$73
41 years$1,202$747$448$261$149$64
42 years$1,160$711$420$241$135$57
43 years$1,120$678$394$222$123$50
44 years$1,082$646$370$205$111$45
45 years$1,046$616$347$190$101$40
46 years$1,012$588$326$175$92$35
47 years$979$561$307$162$83$31
48 years$948$535$288$149$76$27
49 years$918$511$271$138$69$24
50 years$889$488$255$128$62$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $911,000, adding $3,632 every year, while hoping to spend $48,434 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: 57/25/18 Blend
54$911,000$911,000$911,000$911,000
55$1,007,668$959,385$945,265$1,060,117
56$1,058,917$954,862$925,398$1,091,651
57$1,113,770$948,493$903,242$1,120,438
58$1,172,543$940,138$878,669$1,150,722
59$1,235,585$929,647$851,547$1,182,655
60$1,303,274$916,860$821,733$1,216,411
61$1,376,031$901,608$789,084$1,252,179
62$1,454,313$883,714$753,445$1,290,173
63$1,538,624$862,987$714,657$1,330,630
64$1,629,518$839,228$672,553$1,373,815
65$1,727,603$812,225$626,957$1,420,022
66$1,833,547$781,752$577,688$1,469,576
67$1,948,083$747,572$524,556$1,522,842
68$2,072,019$709,435$467,360$1,580,224
69$2,206,241$667,073$405,892$1,642,170
70$2,351,725$620,206$339,936$1,709,179
71$2,509,541$568,537$269,265$1,781,804
72$2,680,870$511,752$193,641$1,860,660
73$2,867,009$449,517$112,818$1,946,429
74$3,069,383$381,483$26,537$2,039,865
75$3,289,563$307,278$0$2,141,809
76$3,529,274$226,511$0$2,265,777
77$3,790,418$138,767$0$2,406,471
78$4,075,085$43,611$0$2,559,985
79$4,385,576$0$0$2,727,646
80$4,724,424$0$0$2,927,261
81$5,094,418$0$0$3,158,398
82$5,498,627$0$0$3,410,987
83$5,940,429$0$0$3,687,148
84$6,423,545$0$0$3,989,218
85$6,952,070$0$0$4,319,767
86$7,530,514$0$0$4,681,627
87$8,163,843$0$0$5,077,916
88$8,857,527$0$0$5,512,068
89$9,617,586$0$0$5,987,863
90$10,450,655$0$0$6,509,467
91$11,364,036$0$0$7,081,466
92$12,365,777$0$0$7,708,911
93$13,464,737$0$0$8,397,368
94$14,670,676$0$0$9,152,966
95$15,994,347$0$0$9,982,455
96$17,447,591$0$0$10,893,272
97$19,043,453$0$0$11,893,609
98$20,796,303$0$0$12,992,492
99$22,721,973$0$0$14,199,861
100$24,837,900$0$0$15,526,669