Can I retire at age 55 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$75,395$74,723$74,068$73,428$72,804$70,249
2 years$37,324$36,629$35,955$35,302$34,669$32,121
3 years$24,636$23,937$23,265$22,618$21,995$19,535
4 years$18,293$17,597$16,931$16,295$15,687$13,334
5 years$14,488$13,796$13,139$12,516$11,925$9,685
6 years$11,952$11,265$10,619$10,009$9,436$7,310
7 years$10,141$9,461$8,824$8,229$7,674$5,662
8 years$8,784$8,110$7,484$6,903$6,366$4,467
9 years$7,729$7,061$6,446$5,880$5,361$3,572
10 years$6,886$6,224$5,619$5,069$4,568$2,885
11 years$6,196$5,541$4,947$4,411$3,929$2,350
12 years$5,621$4,973$4,391$3,869$3,405$1,925
13 years$5,136$4,494$3,923$3,416$2,969$1,585
14 years$4,720$4,085$3,525$3,032$2,602$1,311
15 years$4,360$3,732$3,182$2,704$2,291$1,087
16 years$4,045$3,424$2,885$2,421$2,025$904
17 years$3,767$3,153$2,625$2,176$1,796$753
18 years$3,521$2,914$2,397$1,961$1,597$629
19 years$3,301$2,700$2,194$1,772$1,423$526
20 years$3,103$2,509$2,014$1,605$1,271$440
21 years$2,924$2,337$1,852$1,456$1,138$369
22 years$2,762$2,182$1,707$1,324$1,020$310
23 years$2,614$2,041$1,576$1,206$915$260
24 years$2,478$1,912$1,458$1,100$823$218
25 years$2,354$1,794$1,350$1,004$740$183
26 years$2,239$1,686$1,252$918$667$154
27 years$2,133$1,587$1,163$841$601$130
28 years$2,035$1,495$1,081$770$542$109
29 years$1,944$1,411$1,006$706$490$92
30 years$1,858$1,332$937$648$443$77
31 years$1,779$1,259$873$595$400$65
32 years$1,705$1,192$815$547$362$55
33 years$1,635$1,129$761$503$328$46
34 years$1,570$1,070$711$463$297$39
35 years$1,508$1,015$665$426$269$33
36 years$1,450$963$622$392$243$27
37 years$1,395$915$582$362$221$23
38 years$1,344$869$545$333$200$19
39 years$1,295$826$511$307$181$16
40 years$1,248$786$479$283$164$14
41 years$1,204$749$449$262$149$12
42 years$1,162$713$421$241$135$10
43 years$1,123$679$395$223$123$8
44 years$1,085$647$371$206$112$7
45 years$1,049$617$348$190$101$6
46 years$1,014$589$327$175$92$5
47 years$981$562$307$162$83$4
48 years$950$537$289$150$76$4
49 years$920$512$271$138$69$3
50 years$891$489$255$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $913,000, adding $6,722 every year, while hoping to spend $48,443 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: 53/23/24 Blend
54$913,000$913,000$913,000$913,000
55$1,013,060$964,671$950,519$1,059,692
56$1,064,849$960,397$930,819$1,088,312
57$1,120,297$954,289$908,835$1,113,890
58$1,179,726$946,208$884,439$1,140,722
59$1,243,489$936,004$857,499$1,168,946
60$1,311,974$923,517$827,874$1,198,716
61$1,385,607$908,581$795,419$1,230,203
62$1,464,854$891,016$759,981$1,263,599
63$1,550,229$870,636$721,400$1,299,120
64$1,642,294$847,239$679,509$1,337,004
65$1,741,670$820,615$634,135$1,377,520
66$1,849,035$790,541$585,093$1,420,965
67$1,965,138$756,778$532,195$1,467,671
68$2,090,799$719,078$475,241$1,518,010
69$2,226,923$677,175$414,023$1,572,392
70$2,374,501$630,788$348,325$1,631,278
71$2,534,625$579,622$277,919$1,695,176
72$2,708,497$523,364$202,570$1,764,654
73$2,897,438$461,682$122,030$1,840,343
74$3,102,899$394,227$36,040$1,922,943
75$3,326,480$320,630$0$2,013,231
76$3,569,939$240,499$0$2,126,343
77$3,835,212$153,423$0$2,259,742
78$4,124,429$58,966$0$2,405,329
79$4,439,934$0$0$2,564,360
80$4,784,307$0$0$2,749,193
81$5,160,388$0$0$2,967,425
82$5,571,304$0$0$3,205,958
83$6,020,497$0$0$3,466,801
84$6,511,757$0$0$3,752,166
85$7,049,256$0$0$4,064,489
86$7,637,589$0$0$4,406,450
87$8,281,815$0$0$4,781,005
88$8,987,505$0$0$5,191,404
89$9,760,796$0$0$5,641,230
90$10,608,444$0$0$6,134,429
91$11,537,892$0$0$6,675,343
92$12,557,337$0$0$7,268,760
93$13,675,806$0$0$7,919,951
94$14,903,243$0$0$8,634,721
95$16,250,604$0$0$9,419,465
96$17,729,952$0$0$10,281,230
97$19,354,581$0$0$11,227,776
98$21,139,131$0$0$12,267,652
99$23,099,733$0$0$13,410,276
100$25,254,155$0$0$14,666,025