Can I retire at age 55 with 912,000?

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 $912,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$75,312$74,641$73,987$73,348$72,724$72,055
2 years$37,283$36,589$35,916$35,263$34,631$33,956
3 years$24,609$23,911$23,240$22,594$21,971$21,312
4 years$18,273$17,577$16,913$16,277$15,670$15,032
5 years$14,472$13,781$13,125$12,503$11,912$11,297
6 years$11,939$11,253$10,607$9,998$9,426$8,834
7 years$10,130$9,450$8,814$8,220$7,666$7,098
8 years$8,775$8,101$7,475$6,896$6,359$5,816
9 years$7,721$7,053$6,438$5,874$5,355$4,835
10 years$6,878$6,217$5,613$5,063$4,563$4,066
11 years$6,189$5,535$4,942$4,406$3,924$3,451
12 years$5,615$4,968$4,386$3,865$3,401$2,950
13 years$5,130$4,489$3,918$3,412$2,966$2,536
14 years$4,715$4,081$3,521$3,029$2,600$2,192
15 years$4,355$3,728$3,179$2,701$2,289$1,902
16 years$4,041$3,420$2,882$2,419$2,023$1,656
17 years$3,763$3,150$2,622$2,173$1,794$1,446
18 years$3,517$2,911$2,394$1,959$1,595$1,266
19 years$3,297$2,697$2,192$1,770$1,422$1,111
20 years$3,100$2,507$2,011$1,603$1,270$977
21 years$2,921$2,335$1,850$1,455$1,136$860
22 years$2,759$2,179$1,705$1,323$1,019$759
23 years$2,611$2,038$1,574$1,205$914$670
24 years$2,476$1,910$1,456$1,099$822$592
25 years$2,351$1,792$1,349$1,003$739$524
26 years$2,237$1,684$1,251$917$666$464
27 years$2,131$1,585$1,161$840$601$411
28 years$2,033$1,494$1,080$769$542$365
29 years$1,941$1,409$1,005$705$489$324
30 years$1,856$1,331$936$647$442$287
31 years$1,777$1,258$872$595$400$255
32 years$1,703$1,190$814$547$362$227
33 years$1,633$1,127$760$503$327$201
34 years$1,568$1,068$710$462$296$179
35 years$1,506$1,013$664$426$268$159
36 years$1,448$962$621$392$243$142
37 years$1,394$914$581$361$220$126
38 years$1,342$868$544$333$200$112
39 years$1,293$826$510$307$181$100
40 years$1,247$785$478$283$164$89
41 years$1,203$748$448$261$149$79
42 years$1,161$712$420$241$135$70
43 years$1,121$678$395$223$123$63
44 years$1,084$647$370$205$111$56
45 years$1,048$617$348$190$101$50
46 years$1,013$588$327$175$92$44
47 years$980$561$307$162$83$39
48 years$949$536$288$150$76$35
49 years$919$512$271$138$69$31
50 years$890$489$255$128$62$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $912,000, adding $2,473 every year, while hoping to spend $56,389 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: 70/16/14 Blend
54$912,000$912,000$912,000$912,000
55$1,007,575$959,239$945,103$1,074,775
56$1,050,350$946,244$916,766$1,106,740
57$1,095,598$930,723$885,591$1,134,687
58$1,143,513$912,491$851,421$1,163,808
59$1,194,303$891,356$814,096$1,194,209
60$1,248,200$867,110$773,446$1,226,008
61$1,305,455$839,537$729,295$1,259,338
62$1,366,343$808,406$681,458$1,294,346
63$1,431,165$773,473$629,742$1,331,195
64$1,500,251$734,480$573,946$1,370,067
65$1,573,962$691,155$513,858$1,411,165
66$1,652,692$643,208$449,259$1,454,713
67$1,736,876$590,334$379,918$1,500,962
68$1,826,989$532,212$305,596$1,550,188
69$1,923,551$468,499$226,043$1,602,702
70$2,027,133$398,836$140,996$1,658,846
71$2,138,364$322,842$50,182$1,718,999
72$2,257,931$240,115$0$1,783,585
73$2,386,589$150,230$0$1,860,053
74$2,525,169$52,739$0$1,950,396
75$2,674,581$0$0$2,047,733
76$2,835,826$0$0$2,162,053
77$3,010,003$0$0$2,295,610
78$3,198,322$0$0$2,440,051
79$3,402,111$0$0$2,596,398
80$3,622,828$0$0$2,765,778
81$3,862,081$0$0$2,949,428
82$4,121,634$0$0$3,148,709
83$4,403,428$0$0$3,365,118
84$4,709,599$0$0$3,600,300
85$5,042,496$0$0$3,856,067
86$5,404,702$0$0$4,134,411
87$5,799,061$0$0$4,437,524
88$6,228,702$0$0$4,767,819
89$6,697,068$0$0$5,127,951
90$7,207,948$0$0$5,520,841
91$7,765,512$0$0$5,949,706
92$8,374,352$0$0$6,418,086
93$9,039,522$0$0$6,929,879
94$9,766,585$0$0$7,489,374
95$10,561,667$0$0$8,101,297
96$11,431,513$0$0$8,770,847
97$12,383,548$0$0$9,503,753
98$13,425,950$0$0$10,306,322
99$14,567,725$0$0$11,185,497
100$15,818,790$0$0$12,148,929