Can I retire at age 55 with 913,000?

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 $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%13.5%
1 years$75,395$74,723$74,068$73,428$72,804$71,746
2 years$37,324$36,629$35,955$35,302$34,669$33,604
3 years$24,636$23,937$23,265$22,618$21,995$20,958
4 years$18,293$17,597$16,931$16,295$15,687$14,686
5 years$14,488$13,796$13,139$12,516$11,925$10,962
6 years$11,952$11,265$10,619$10,009$9,436$8,512
7 years$10,141$9,461$8,824$8,229$7,674$6,790
8 years$8,784$8,110$7,484$6,903$6,366$5,522
9 years$7,729$7,061$6,446$5,880$5,361$4,556
10 years$6,886$6,224$5,619$5,069$4,568$3,802
11 years$6,196$5,541$4,947$4,411$3,929$3,200
12 years$5,621$4,973$4,391$3,869$3,405$2,713
13 years$5,136$4,494$3,923$3,416$2,969$2,313
14 years$4,720$4,085$3,525$3,032$2,602$1,982
15 years$4,360$3,732$3,182$2,704$2,291$1,704
16 years$4,045$3,424$2,885$2,421$2,025$1,471
17 years$3,767$3,153$2,625$2,176$1,796$1,273
18 years$3,521$2,914$2,397$1,961$1,597$1,104
19 years$3,301$2,700$2,194$1,772$1,423$960
20 years$3,103$2,509$2,014$1,605$1,271$836
21 years$2,924$2,337$1,852$1,456$1,138$729
22 years$2,762$2,182$1,707$1,324$1,020$637
23 years$2,614$2,041$1,576$1,206$915$557
24 years$2,478$1,912$1,458$1,100$823$487
25 years$2,354$1,794$1,350$1,004$740$427
26 years$2,239$1,686$1,252$918$667$374
27 years$2,133$1,587$1,163$841$601$328
28 years$2,035$1,495$1,081$770$542$288
29 years$1,944$1,411$1,006$706$490$253
30 years$1,858$1,332$937$648$443$222
31 years$1,779$1,259$873$595$400$195
32 years$1,705$1,192$815$547$362$171
33 years$1,635$1,129$761$503$328$151
34 years$1,570$1,070$711$463$297$132
35 years$1,508$1,015$665$426$269$117
36 years$1,450$963$622$392$243$103
37 years$1,395$915$582$362$221$90
38 years$1,344$869$545$333$200$79
39 years$1,295$826$511$307$181$70
40 years$1,248$786$479$283$164$62
41 years$1,204$749$449$262$149$54
42 years$1,162$713$421$241$135$48
43 years$1,123$679$395$223$123$42
44 years$1,085$647$371$206$112$37
45 years$1,049$617$348$190$101$33
46 years$1,014$589$327$175$92$29
47 years$981$562$307$162$83$25
48 years$950$537$289$150$76$22
49 years$920$512$271$138$69$20
50 years$891$489$255$128$63$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $913,000, adding $2,286 every year, while hoping to spend $43,406 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: 55/40/5 Blend
54$913,000$913,000$913,000$913,000
55$1,008,484$960,095$945,944$1,062,797
56$1,065,166$960,956$931,449$1,100,520
57$1,126,174$960,404$915,014$1,136,529
58$1,191,905$958,325$896,528$1,174,657
59$1,262,792$954,596$875,875$1,215,110
60$1,339,314$949,088$852,933$1,258,116
61$1,421,993$941,663$827,576$1,303,929
62$1,511,407$932,175$799,670$1,352,832
63$1,608,189$920,470$769,078$1,405,134
64$1,713,035$906,384$735,653$1,461,184
65$1,826,711$889,743$699,243$1,521,363
66$1,950,059$870,363$659,691$1,586,097
67$2,084,004$848,051$616,830$1,655,858
68$2,229,566$822,598$570,487$1,731,167
69$2,387,864$793,788$520,481$1,812,602
70$2,560,131$761,389$466,622$1,900,804
71$2,747,724$725,157$408,714$1,996,482
72$2,952,135$684,832$346,549$2,100,422
73$3,175,006$640,142$279,911$2,213,494
74$3,418,146$590,798$208,577$2,336,660
75$3,683,543$536,493$132,311$2,470,987
76$3,973,388$476,905$50,867$2,617,653
77$4,290,092$411,692$0$2,777,964
78$4,636,310$340,494$0$2,955,287
79$5,014,964$262,928$0$3,152,316
80$5,429,271$178,593$0$3,368,117
81$5,882,776$87,063$0$3,604,659
82$6,379,379$0$0$3,864,118
83$6,923,377$0$0$4,154,231
84$7,519,503$0$0$4,514,218
85$8,172,966$0$0$4,908,917
86$8,889,506$0$0$5,341,803
87$9,675,445$0$0$5,816,707
88$10,537,744$0$0$6,337,848
89$11,484,073$0$0$6,909,873
90$12,522,880$0$0$7,537,898
91$13,663,469$0$0$8,227,564
92$14,916,090$0$0$8,985,082
93$16,292,035$0$0$9,817,292
94$17,803,744$0$0$10,731,733
95$19,464,920$0$0$11,736,710
96$21,290,659$0$0$12,841,370
97$23,297,594$0$0$14,055,792
98$25,504,048$0$0$15,391,079
99$27,930,208$0$0$16,859,467
100$30,598,315$0$0$18,474,432