Can I retire at age 55 with 914,000?

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 $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%17.8%
1 years$75,477$74,805$74,149$73,509$72,884$70,579
2 years$37,365$36,669$35,995$35,341$34,706$32,405
3 years$24,663$23,964$23,291$22,643$22,019$19,794
4 years$18,313$17,616$16,950$16,313$15,704$13,572
5 years$14,504$13,811$13,154$12,530$11,938$9,904
6 years$11,965$11,278$10,630$10,020$9,446$7,513
7 years$10,153$9,471$8,834$8,238$7,682$5,849
8 years$8,794$8,118$7,492$6,911$6,373$4,639
9 years$7,738$7,069$6,453$5,887$5,367$3,730
10 years$6,893$6,231$5,626$5,074$4,573$3,030
11 years$6,203$5,547$4,953$4,416$3,933$2,482
12 years$5,628$4,978$4,395$3,874$3,408$2,046
13 years$5,141$4,499$3,927$3,420$2,972$1,695
14 years$4,725$4,090$3,528$3,036$2,605$1,410
15 years$4,365$3,736$3,186$2,707$2,294$1,177
16 years$4,049$3,428$2,888$2,424$2,027$985
17 years$3,772$3,157$2,628$2,178$1,798$827
18 years$3,525$2,917$2,399$1,963$1,598$695
19 years$3,305$2,703$2,196$1,774$1,425$585
20 years$3,106$2,512$2,016$1,606$1,273$493
21 years$2,927$2,340$1,854$1,458$1,139$416
22 years$2,765$2,184$1,709$1,326$1,021$351
23 years$2,617$2,043$1,578$1,207$916$297
24 years$2,481$1,914$1,459$1,101$824$251
25 years$2,356$1,796$1,351$1,006$741$213
26 years$2,242$1,688$1,253$919$668$180
27 years$2,135$1,589$1,164$842$602$153
28 years$2,037$1,497$1,082$771$543$129
29 years$1,946$1,412$1,007$707$490$110
30 years$1,861$1,334$938$649$443$93
31 years$1,781$1,261$874$596$401$79
32 years$1,707$1,193$816$548$362$67
33 years$1,637$1,130$762$504$328$57
34 years$1,571$1,071$712$463$297$48
35 years$1,510$1,016$665$427$269$41
36 years$1,452$964$622$393$244$35
37 years$1,397$916$583$362$221$29
38 years$1,345$870$546$334$200$25
39 years$1,296$827$511$308$182$21
40 years$1,250$787$479$284$165$18
41 years$1,206$749$449$262$149$15
42 years$1,164$714$421$242$136$13
43 years$1,124$680$395$223$123$11
44 years$1,086$648$371$206$112$9
45 years$1,050$618$349$190$101$8
46 years$1,015$590$327$176$92$7
47 years$983$563$308$162$84$6
48 years$951$537$289$150$76$5
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 $4,477 every year, while hoping to spend $52,411 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: 38/37/25 Blend
54$914,000$914,000$914,000$914,000
55$1,011,846$963,404$949,237$1,042,604
56$1,059,289$954,846$925,272$1,056,899
57$1,109,815$944,112$898,747$1,067,152
58$1,163,683$931,040$869,521$1,077,203
59$1,221,176$915,458$837,448$1,087,067
60$1,282,606$897,186$802,372$1,096,762
61$1,348,313$876,029$764,133$1,106,315
62$1,418,671$851,784$722,561$1,115,761
63$1,494,089$824,236$677,481$1,125,141
64$1,575,018$793,155$628,708$1,134,508
65$1,661,950$758,299$576,050$1,143,925
66$1,755,427$719,414$519,305$1,153,467
67$1,856,043$676,228$458,265$1,163,224
68$1,964,452$628,455$392,709$1,173,303
69$2,081,369$575,793$322,408$1,183,825
70$2,207,583$517,921$247,123$1,194,937
71$2,343,959$454,502$166,604$1,206,804
72$2,491,449$385,178$80,591$1,219,619
73$2,651,097$309,573$0$1,233,603
74$2,824,053$227,286$0$1,251,997
75$3,011,581$137,897$0$1,295,239
76$3,215,070$40,962$0$1,342,218
77$3,436,049$0$0$1,393,389
78$3,676,199$0$0$1,475,318
79$3,937,368$0$0$1,582,665
80$4,221,592$0$0$1,699,603
81$4,531,109$0$0$1,827,067
82$4,868,382$0$0$1,966,087
83$5,236,124$0$0$2,117,796
84$5,637,316$0$0$2,283,440
85$6,075,244$0$0$2,464,394
86$6,553,523$0$0$2,662,168
87$7,076,132$0$0$2,878,427
88$7,647,453$0$0$3,115,003
89$8,272,309$0$0$3,373,913
90$8,956,013$0$0$3,657,380
91$9,704,412$0$0$3,967,849
92$10,523,947$0$0$4,308,014
93$11,421,710$0$0$4,680,843
94$12,405,510$0$0$5,089,603
95$13,483,950$0$0$5,537,892
96$14,666,502$0$0$6,029,675
97$15,963,602$0$0$6,569,319
98$17,386,740$0$0$7,161,631
99$18,948,577$0$0$7,811,909
100$20,663,055$0$0$8,525,990