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%14%
1 years$75,477$74,805$74,149$73,509$72,884$71,676
2 years$37,365$36,669$35,995$35,341$34,706$33,494
3 years$24,663$23,964$23,291$22,643$22,019$20,839
4 years$18,313$17,616$16,950$16,313$15,704$14,565
5 years$14,504$13,811$13,154$12,530$11,938$10,843
6 years$11,965$11,278$10,630$10,020$9,446$8,397
7 years$10,153$9,471$8,834$8,238$7,682$6,680
8 years$8,794$8,118$7,492$6,911$6,373$5,417
9 years$7,738$7,069$6,453$5,887$5,367$4,456
10 years$6,893$6,231$5,626$5,074$4,573$3,707
11 years$6,203$5,547$4,953$4,416$3,933$3,110
12 years$5,628$4,978$4,395$3,874$3,408$2,628
13 years$5,141$4,499$3,927$3,420$2,972$2,234
14 years$4,725$4,090$3,528$3,036$2,605$1,907
15 years$4,365$3,736$3,186$2,707$2,294$1,635
16 years$4,049$3,428$2,888$2,424$2,027$1,406
17 years$3,772$3,157$2,628$2,178$1,798$1,212
18 years$3,525$2,917$2,399$1,963$1,598$1,048
19 years$3,305$2,703$2,196$1,774$1,425$908
20 years$3,106$2,512$2,016$1,606$1,273$787
21 years$2,927$2,340$1,854$1,458$1,139$684
22 years$2,765$2,184$1,709$1,326$1,021$595
23 years$2,617$2,043$1,578$1,207$916$518
24 years$2,481$1,914$1,459$1,101$824$452
25 years$2,356$1,796$1,351$1,006$741$394
26 years$2,242$1,688$1,253$919$668$344
27 years$2,135$1,589$1,164$842$602$301
28 years$2,037$1,497$1,082$771$543$263
29 years$1,946$1,412$1,007$707$490$230
30 years$1,861$1,334$938$649$443$201
31 years$1,781$1,261$874$596$401$176
32 years$1,707$1,193$816$548$362$154
33 years$1,637$1,130$762$504$328$135
34 years$1,571$1,071$712$463$297$118
35 years$1,510$1,016$665$427$269$103
36 years$1,452$964$622$393$244$91
37 years$1,397$916$583$362$221$79
38 years$1,345$870$546$334$200$70
39 years$1,296$827$511$308$182$61
40 years$1,250$787$479$284$165$53
41 years$1,206$749$449$262$149$47
42 years$1,164$714$421$242$136$41
43 years$1,124$680$395$223$123$36
44 years$1,086$648$371$206$112$32
45 years$1,050$618$349$190$101$28
46 years$1,015$590$327$176$92$24
47 years$983$563$308$162$84$21
48 years$951$537$289$150$76$19
49 years$921$513$272$139$69$16
50 years$892$490$255$128$63$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $914,000, adding $2,185 every year, while hoping to spend $48,675 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: 55/29/16 Blend
54$914,000$914,000$914,000$914,000
55$1,009,482$961,040$946,873$1,060,609
56$1,060,659$956,341$926,803$1,090,969
57$1,115,425$949,780$904,430$1,118,591
58$1,174,095$941,216$879,624$1,147,570
59$1,237,012$930,496$852,252$1,178,049
60$1,304,558$917,460$822,172$1,210,184
61$1,377,145$901,938$789,238$1,244,151
62$1,455,232$883,751$753,295$1,280,147
63$1,539,319$862,708$714,184$1,318,392
64$1,629,955$838,606$671,735$1,359,129
65$1,727,746$811,233$625,773$1,402,631
66$1,833,354$780,362$576,115$1,449,200
67$1,947,510$745,754$522,569$1,499,176
68$2,071,016$707,155$464,934$1,552,934
69$2,204,752$664,298$403,002$1,610,892
70$2,349,687$616,900$336,553$1,673,515
71$2,506,888$564,660$265,360$1,741,320
72$2,677,525$507,263$189,185$1,814,883
73$2,862,888$444,374$107,778$1,894,841
74$3,064,394$375,640$20,879$1,981,904
75$3,283,602$300,687$0$2,076,858
76$3,522,229$219,120$0$2,192,844
77$3,782,162$130,522$0$2,323,166
78$4,065,480$34,455$0$2,465,379
79$4,374,468$0$0$2,620,729
80$4,711,644$0$0$2,812,784
81$5,079,778$0$0$3,034,558
82$5,481,918$0$0$3,276,900
83$5,921,424$0$0$3,541,845
84$6,401,990$0$0$3,831,631
85$6,927,686$0$0$4,148,724
86$7,502,993$0$0$4,495,838
87$8,132,844$0$0$4,875,962
88$8,822,674$0$0$5,292,387
89$9,578,465$0$0$5,748,738
90$10,406,807$0$0$6,249,008
91$11,314,957$0$0$6,797,593
92$12,310,908$0$0$7,399,337
93$13,403,464$0$0$8,059,572
94$14,602,321$0$0$8,784,174
95$15,918,159$0$0$9,579,616
96$17,362,745$0$0$10,453,026
97$18,949,039$0$0$11,412,256
98$20,691,315$0$0$12,465,958
99$22,605,303$0$0$13,623,662
100$24,708,327$0$0$14,895,866