Can I retire at age 55 with 912,000?

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 $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%15.1%
1 years$75,312$74,641$73,987$73,348$72,724$71,198
2 years$37,283$36,589$35,916$35,263$34,631$33,100
3 years$24,609$23,911$23,240$22,594$21,971$20,484
4 years$18,273$17,577$16,913$16,277$15,670$14,238
5 years$14,472$13,781$13,125$12,503$11,912$10,539
6 years$11,939$11,253$10,607$9,998$9,426$8,113
7 years$10,130$9,450$8,814$8,220$7,666$6,414
8 years$8,775$8,101$7,475$6,896$6,359$5,168
9 years$7,721$7,053$6,438$5,874$5,355$4,223
10 years$6,878$6,217$5,613$5,063$4,563$3,490
11 years$6,189$5,535$4,942$4,406$3,924$2,908
12 years$5,615$4,968$4,386$3,865$3,401$2,440
13 years$5,130$4,489$3,918$3,412$2,966$2,058
14 years$4,715$4,081$3,521$3,029$2,600$1,745
15 years$4,355$3,728$3,179$2,701$2,289$1,484
16 years$4,041$3,420$2,882$2,419$2,023$1,266
17 years$3,763$3,150$2,622$2,173$1,794$1,084
18 years$3,517$2,911$2,394$1,959$1,595$929
19 years$3,297$2,697$2,192$1,770$1,422$798
20 years$3,100$2,507$2,011$1,603$1,270$687
21 years$2,921$2,335$1,850$1,455$1,136$592
22 years$2,759$2,179$1,705$1,323$1,019$510
23 years$2,611$2,038$1,574$1,205$914$441
24 years$2,476$1,910$1,456$1,099$822$381
25 years$2,351$1,792$1,349$1,003$739$329
26 years$2,237$1,684$1,251$917$666$285
27 years$2,131$1,585$1,161$840$601$247
28 years$2,033$1,494$1,080$769$542$214
29 years$1,941$1,409$1,005$705$489$185
30 years$1,856$1,331$936$647$442$161
31 years$1,777$1,258$872$595$400$139
32 years$1,703$1,190$814$547$362$121
33 years$1,633$1,127$760$503$327$105
34 years$1,568$1,068$710$462$296$91
35 years$1,506$1,013$664$426$268$79
36 years$1,448$962$621$392$243$68
37 years$1,394$914$581$361$220$59
38 years$1,342$868$544$333$200$52
39 years$1,293$826$510$307$181$45
40 years$1,247$785$478$283$164$39
41 years$1,203$748$448$261$149$34
42 years$1,161$712$420$241$135$29
43 years$1,121$678$395$223$123$25
44 years$1,084$647$370$205$111$22
45 years$1,048$617$348$190$101$19
46 years$1,013$588$327$175$92$17
47 years$980$561$307$162$83$15
48 years$949$536$288$150$76$13
49 years$919$512$271$138$69$11
50 years$890$489$255$128$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $912,000, adding $6,148 every year, while hoping to spend $52,137 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: 57/17/26 Blend
54$912,000$912,000$912,000$912,000
55$1,011,366$963,030$948,894$1,061,517
56$1,059,052$954,745$925,208$1,088,275
57$1,109,854$944,306$898,982$1,111,409
58$1,164,036$931,554$870,075$1,135,537
59$1,221,885$916,318$838,340$1,160,769
60$1,283,717$898,417$803,624$1,187,232
61$1,349,878$877,661$765,767$1,215,065
62$1,420,746$853,848$724,601$1,244,425
63$1,496,739$826,762$679,951$1,275,489
64$1,578,311$796,179$631,635$1,308,455
65$1,665,965$761,857$579,460$1,343,541
66$1,760,249$723,544$523,228$1,380,996
67$1,861,767$680,970$462,729$1,421,093
68$1,971,182$633,853$397,745$1,464,142
69$2,089,222$581,891$328,049$1,510,484
70$2,216,687$524,768$253,403$1,560,502
71$2,354,456$462,149$173,559$1,614,621
72$2,503,496$393,679$88,258$1,673,316
73$2,664,866$318,984$0$1,737,115
74$2,839,737$237,668$0$1,807,373
75$3,029,390$149,313$0$1,910,155
76$3,235,238$53,480$0$2,021,757
77$3,458,833$0$0$2,143,070
78$3,701,883$0$0$2,284,489
79$3,966,267$0$0$2,449,273
80$4,254,052$0$0$2,628,717
81$4,567,513$0$0$2,824,246
82$4,909,153$0$0$3,037,433
83$5,281,726$0$0$3,270,006
84$5,688,265$0$0$3,523,868
85$6,132,106$0$0$3,801,114
86$6,616,924$0$0$4,104,050
87$7,146,762$0$0$4,435,215
88$7,726,074$0$0$4,797,404
89$8,359,761$0$0$5,193,696
90$9,053,222$0$0$5,627,478
91$9,812,400$0$0$6,102,482
92$10,643,840$0$0$6,622,819
93$11,554,750$0$0$7,193,014
94$12,553,068$0$0$7,818,050
95$13,647,535$0$0$8,503,417
96$14,847,782$0$0$9,255,162
97$16,164,411$0$0$10,079,943
98$17,609,105$0$0$10,985,096
99$19,194,729$0$0$11,978,699
100$20,935,456$0$0$13,069,654