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%19.8%
1 years$75,395$74,723$74,068$73,428$72,804$69,943
2 years$37,324$36,629$35,955$35,302$34,669$31,821
3 years$24,636$23,937$23,265$22,618$21,995$19,251
4 years$18,293$17,597$16,931$16,295$15,687$13,067
5 years$14,488$13,796$13,139$12,516$11,925$9,436
6 years$11,952$11,265$10,619$10,009$9,436$7,079
7 years$10,141$9,461$8,824$8,229$7,674$5,449
8 years$8,784$8,110$7,484$6,903$6,366$4,271
9 years$7,729$7,061$6,446$5,880$5,361$3,392
10 years$6,886$6,224$5,619$5,069$4,568$2,721
11 years$6,196$5,541$4,947$4,411$3,929$2,200
12 years$5,621$4,973$4,391$3,869$3,405$1,789
13 years$5,136$4,494$3,923$3,416$2,969$1,462
14 years$4,720$4,085$3,525$3,032$2,602$1,200
15 years$4,360$3,732$3,182$2,704$2,291$987
16 years$4,045$3,424$2,885$2,421$2,025$815
17 years$3,767$3,153$2,625$2,176$1,796$673
18 years$3,521$2,914$2,397$1,961$1,597$558
19 years$3,301$2,700$2,194$1,772$1,423$462
20 years$3,103$2,509$2,014$1,605$1,271$384
21 years$2,924$2,337$1,852$1,456$1,138$319
22 years$2,762$2,182$1,707$1,324$1,020$265
23 years$2,614$2,041$1,576$1,206$915$221
24 years$2,478$1,912$1,458$1,100$823$184
25 years$2,354$1,794$1,350$1,004$740$153
26 years$2,239$1,686$1,252$918$667$128
27 years$2,133$1,587$1,163$841$601$106
28 years$2,035$1,495$1,081$770$542$89
29 years$1,944$1,411$1,006$706$490$74
30 years$1,858$1,332$937$648$443$62
31 years$1,779$1,259$873$595$400$51
32 years$1,705$1,192$815$547$362$43
33 years$1,635$1,129$761$503$328$36
34 years$1,570$1,070$711$463$297$30
35 years$1,508$1,015$665$426$269$25
36 years$1,450$963$622$392$243$21
37 years$1,395$915$582$362$221$17
38 years$1,344$869$545$333$200$14
39 years$1,295$826$511$307$181$12
40 years$1,248$786$479$283$164$10
41 years$1,204$749$449$262$149$8
42 years$1,162$713$421$241$135$7
43 years$1,123$679$395$223$123$6
44 years$1,085$647$371$206$112$5
45 years$1,049$617$348$190$101$4
46 years$1,014$589$327$175$92$3
47 years$981$562$307$162$83$3
48 years$950$537$289$150$76$2
49 years$920$512$271$138$69$2
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 $5,480 every year, while hoping to spend $56,150 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: 65/24/11 Blend
54$913,000$913,000$913,000$913,000
55$1,011,779$963,390$949,238$1,074,732
56$1,055,237$950,853$921,294$1,104,874
57$1,101,246$935,819$890,533$1,130,702
58$1,150,007$918,108$856,799$1,157,494
59$1,201,739$897,527$819,933$1,185,341
60$1,256,682$873,872$779,767$1,214,344
61$1,315,099$846,927$736,125$1,244,617
62$1,377,277$816,464$688,823$1,276,288
63$1,443,531$782,242$637,670$1,309,500
64$1,514,204$744,005$582,465$1,344,411
65$1,589,674$701,482$522,998$1,381,202
66$1,670,354$654,388$459,052$1,420,070
67$1,756,697$602,420$390,397$1,461,239
68$1,849,200$545,259$316,795$1,504,957
69$1,948,408$482,566$237,998$1,551,501
70$2,054,918$413,985$153,744$1,601,180
71$2,169,388$339,138$63,762$1,654,339
72$2,292,537$257,627$0$1,711,362
73$2,425,156$169,031$0$1,776,462
74$2,568,114$72,905$0$1,854,560
75$2,722,364$0$0$1,938,730
76$2,888,956$0$0$2,037,843
77$3,069,041$0$0$2,165,845
78$3,263,885$0$0$2,304,388
79$3,474,879$0$0$2,454,467
80$3,703,555$0$0$2,617,178
81$3,951,594$0$0$2,793,724
82$4,220,847$0$0$2,985,431
83$4,513,348$0$0$3,193,754
84$4,831,337$0$0$3,420,296
85$5,177,276$0$0$3,666,819
86$5,553,875$0$0$3,935,265
87$5,964,115$0$0$4,227,766
88$6,411,277$0$0$4,546,672
89$6,898,973$0$0$4,894,568
90$7,431,177$0$0$5,274,300
91$8,012,264$0$0$5,689,000
92$8,647,049$0$0$6,142,116
93$9,340,835$0$0$6,637,444
94$10,099,459$0$0$7,179,164
95$10,929,346$0$0$7,771,878
96$11,837,574$0$0$8,420,652
97$12,831,935$0$0$9,131,066
98$13,921,008$0$0$9,909,265
99$15,114,244$0$0$10,762,016
100$16,422,048$0$0$11,696,770