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%15.2%
1 years$75,312$74,641$73,987$73,348$72,724$71,169
2 years$37,283$36,589$35,916$35,263$34,631$33,071
3 years$24,609$23,911$23,240$22,594$21,971$20,456
4 years$18,273$17,577$16,913$16,277$15,670$14,211
5 years$14,472$13,781$13,125$12,503$11,912$10,514
6 years$11,939$11,253$10,607$9,998$9,426$8,089
7 years$10,130$9,450$8,814$8,220$7,666$6,391
8 years$8,775$8,101$7,475$6,896$6,359$5,147
9 years$7,721$7,053$6,438$5,874$5,355$4,204
10 years$6,878$6,217$5,613$5,063$4,563$3,471
11 years$6,189$5,535$4,942$4,406$3,924$2,891
12 years$5,615$4,968$4,386$3,865$3,401$2,424
13 years$5,130$4,489$3,918$3,412$2,966$2,044
14 years$4,715$4,081$3,521$3,029$2,600$1,731
15 years$4,355$3,728$3,179$2,701$2,289$1,471
16 years$4,041$3,420$2,882$2,419$2,023$1,255
17 years$3,763$3,150$2,622$2,173$1,794$1,073
18 years$3,517$2,911$2,394$1,959$1,595$919
19 years$3,297$2,697$2,192$1,770$1,422$789
20 years$3,100$2,507$2,011$1,603$1,270$678
21 years$2,921$2,335$1,850$1,455$1,136$584
22 years$2,759$2,179$1,705$1,323$1,019$503
23 years$2,611$2,038$1,574$1,205$914$434
24 years$2,476$1,910$1,456$1,099$822$375
25 years$2,351$1,792$1,349$1,003$739$324
26 years$2,237$1,684$1,251$917$666$280
27 years$2,131$1,585$1,161$840$601$242
28 years$2,033$1,494$1,080$769$542$210
29 years$1,941$1,409$1,005$705$489$182
30 years$1,856$1,331$936$647$442$157
31 years$1,777$1,258$872$595$400$136
32 years$1,703$1,190$814$547$362$118
33 years$1,633$1,127$760$503$327$102
34 years$1,568$1,068$710$462$296$89
35 years$1,506$1,013$664$426$268$77
36 years$1,448$962$621$392$243$67
37 years$1,394$914$581$361$220$58
38 years$1,342$868$544$333$200$50
39 years$1,293$826$510$307$181$44
40 years$1,247$785$478$283$164$38
41 years$1,203$748$448$261$149$33
42 years$1,161$712$420$241$135$28
43 years$1,121$678$395$223$123$25
44 years$1,084$647$370$205$111$21
45 years$1,048$617$348$190$101$19
46 years$1,013$588$327$175$92$16
47 years$980$561$307$162$83$14
48 years$949$536$288$150$76$12
49 years$919$512$271$138$69$11
50 years$890$489$255$128$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $912,000, adding $4,196 every year, while hoping to spend $59,249 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: 53/37/10 Blend
54$912,000$912,000$912,000$912,000
55$1,009,352$961,016$946,880$1,060,055
56$1,049,266$945,065$915,560$1,079,028
57$1,091,264$926,347$881,205$1,092,892
58$1,135,499$904,664$843,651$1,106,585
59$1,182,132$879,805$802,726$1,120,103
60$1,231,343$851,549$758,250$1,133,446
61$1,283,325$819,660$710,037$1,146,617
62$1,338,290$783,889$657,889$1,159,622
63$1,396,470$743,974$601,603$1,172,474
64$1,458,117$699,636$540,964$1,185,189
65$1,523,508$650,580$475,748$1,197,793
66$1,592,942$596,495$405,723$1,210,317
67$1,666,752$537,053$330,643$1,222,799
68$1,745,296$471,904$250,256$1,235,291
69$1,828,971$400,683$164,294$1,247,853
70$1,918,209$322,999$72,481$1,260,557
71$2,013,484$238,444$0$1,273,493
72$2,115,315$146,583$0$1,289,484
73$2,224,271$46,959$0$1,314,364
74$2,340,976$0$0$1,340,565
75$2,466,115$0$0$1,393,091
76$2,600,438$0$0$1,470,055
77$2,744,769$0$0$1,552,817
78$2,900,014$0$0$1,641,905
79$3,067,164$0$0$1,737,897
80$3,247,312$0$0$1,841,429
81$3,441,655$0$0$1,953,198
82$3,651,508$0$0$2,073,971
83$3,878,320$0$0$2,204,593
84$4,123,678$0$0$2,345,988
85$4,389,330$0$0$2,499,177
86$4,677,198$0$0$2,665,279
87$4,989,393$0$0$2,845,525
88$5,328,238$0$0$3,041,271
89$5,696,288$0$0$3,254,006
90$6,096,353$0$0$3,485,369
91$6,531,525$0$0$3,737,165
92$7,005,205$0$0$4,011,377
93$7,521,135$0$0$4,310,188
94$8,083,434$0$0$4,636,002
95$8,696,634$0$0$4,991,464
96$9,365,725$0$0$5,379,485
97$10,096,197$0$0$5,803,268
98$10,894,095$0$0$6,266,343
99$11,766,073$0$0$6,772,592
100$12,719,458$0$0$7,326,291