Can I retire at age 55 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$75,477$74,805$74,149$73,509$72,884$70,494
2 years$37,365$36,669$35,995$35,341$34,706$32,322
3 years$24,663$23,964$23,291$22,643$22,019$19,714
4 years$18,313$17,616$16,950$16,313$15,704$13,497
5 years$14,504$13,811$13,154$12,530$11,938$9,834
6 years$11,965$11,278$10,630$10,020$9,446$7,447
7 years$10,153$9,471$8,834$8,238$7,682$5,788
8 years$8,794$8,118$7,492$6,911$6,373$4,582
9 years$7,738$7,069$6,453$5,887$5,367$3,678
10 years$6,893$6,231$5,626$5,074$4,573$2,982
11 years$6,203$5,547$4,953$4,416$3,933$2,438
12 years$5,628$4,978$4,395$3,874$3,408$2,006
13 years$5,141$4,499$3,927$3,420$2,972$1,658
14 years$4,725$4,090$3,528$3,036$2,605$1,377
15 years$4,365$3,736$3,186$2,707$2,294$1,147
16 years$4,049$3,428$2,888$2,424$2,027$958
17 years$3,772$3,157$2,628$2,178$1,798$802
18 years$3,525$2,917$2,399$1,963$1,598$672
19 years$3,305$2,703$2,196$1,774$1,425$565
20 years$3,106$2,512$2,016$1,606$1,273$475
21 years$2,927$2,340$1,854$1,458$1,139$400
22 years$2,765$2,184$1,709$1,326$1,021$337
23 years$2,617$2,043$1,578$1,207$916$284
24 years$2,481$1,914$1,459$1,101$824$240
25 years$2,356$1,796$1,351$1,006$741$202
26 years$2,242$1,688$1,253$919$668$171
27 years$2,135$1,589$1,164$842$602$145
28 years$2,037$1,497$1,082$771$543$122
29 years$1,946$1,412$1,007$707$490$103
30 years$1,861$1,334$938$649$443$87
31 years$1,781$1,261$874$596$401$74
32 years$1,707$1,193$816$548$362$63
33 years$1,637$1,130$762$504$328$53
34 years$1,571$1,071$712$463$297$45
35 years$1,510$1,016$665$427$269$38
36 years$1,452$964$622$393$244$32
37 years$1,397$916$583$362$221$27
38 years$1,345$870$546$334$200$23
39 years$1,296$827$511$308$182$19
40 years$1,250$787$479$284$165$16
41 years$1,206$749$449$262$149$14
42 years$1,164$714$421$242$136$12
43 years$1,124$680$395$223$123$10
44 years$1,086$648$371$206$112$8
45 years$1,050$618$349$190$101$7
46 years$1,015$590$327$176$92$6
47 years$983$563$308$162$84$5
48 years$951$537$289$150$76$4
49 years$921$513$272$139$69$4
50 years$892$490$255$128$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $914,000, adding $2,454 every year, while hoping to spend $27,929 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: 72/12/16 Blend
54$914,000$914,000$914,000$914,000
55$1,009,759$961,317$947,150$1,078,600
56$1,083,039$978,706$949,164$1,141,996
57$1,162,856$996,010$950,308$1,207,773
58$1,249,850$1,013,197$950,526$1,279,078
59$1,344,720$1,030,229$949,755$1,356,453
60$1,448,241$1,047,069$947,930$1,440,496
61$1,561,261$1,063,675$944,985$1,531,863
62$1,684,715$1,080,001$940,848$1,631,281
63$1,819,635$1,096,000$935,445$1,739,547
64$1,967,153$1,111,619$928,698$1,857,543
65$2,128,518$1,126,805$920,525$1,986,239
66$2,305,106$1,141,496$910,841$2,126,703
67$2,498,429$1,155,632$899,557$2,280,114
68$2,710,154$1,169,143$886,577$2,447,771
69$2,942,117$1,181,958$871,805$2,631,106
70$3,196,339$1,194,001$855,136$2,831,694
71$3,475,047$1,205,188$836,465$3,051,275
72$3,780,692$1,215,433$815,677$3,291,765
73$4,115,976$1,224,643$792,656$3,555,275
74$4,483,873$1,232,718$767,277$3,844,134
75$4,887,660$1,239,552$739,412$4,160,905
76$5,330,945$1,245,034$708,927$4,508,417
77$5,817,705$1,249,045$675,680$4,889,787
78$6,352,320$1,251,456$639,523$5,308,448
79$6,939,612$1,252,134$600,303$5,768,186
80$7,584,899$1,250,934$557,859$6,273,174
81$8,294,034$1,247,705$512,023$6,828,011
82$9,073,468$1,242,286$462,619$7,437,766
83$9,930,309$1,234,504$409,463$8,108,026
84$10,872,384$1,224,179$352,364$8,844,948
85$11,908,320$1,211,117$291,121$9,655,318
86$13,047,621$1,195,114$225,526$10,546,619
87$14,300,757$1,175,953$155,360$11,527,093
88$15,679,265$1,153,405$80,395$12,605,829
89$17,195,855$1,127,227$393$13,792,842
90$18,864,532$1,097,161$0$15,099,170
91$20,700,728$1,062,936$0$16,551,489
92$22,721,444$1,024,261$0$18,149,714
93$24,945,414$980,833$0$19,908,604
94$27,393,280$932,328$0$21,844,495
95$30,087,787$878,404$0$23,975,391
96$33,053,995$818,700$0$26,321,131
97$36,319,521$752,834$0$28,903,577
98$39,914,792$680,403$0$31,746,821
99$43,873,336$600,978$0$34,877,413
100$48,232,100$514,110$0$38,324,609