Can I retire at age 55 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$75,560$74,887$74,230$73,589$72,963$71,200
2 years$37,406$36,709$36,034$35,379$34,744$32,978
3 years$24,690$23,990$23,316$22,668$22,043$20,329
4 years$18,333$17,635$16,968$16,331$15,721$14,073
5 years$14,519$13,826$13,168$12,544$11,951$10,374
6 years$11,978$11,290$10,642$10,031$9,457$7,951
7 years$10,164$9,481$8,843$8,247$7,691$6,257
8 years$8,803$8,127$7,500$6,918$6,380$5,018
9 years$7,746$7,076$6,460$5,893$5,373$4,082
10 years$6,901$6,237$5,632$5,080$4,578$3,356
11 years$6,209$5,553$4,958$4,421$3,937$2,782
12 years$5,634$4,984$4,400$3,878$3,412$2,322
13 years$5,147$4,504$3,931$3,424$2,975$1,949
14 years$4,730$4,094$3,532$3,039$2,608$1,643
15 years$4,369$3,740$3,189$2,710$2,296$1,390
16 years$4,054$3,431$2,891$2,427$2,030$1,179
17 years$3,776$3,160$2,631$2,180$1,800$1,003
18 years$3,529$2,920$2,402$1,965$1,600$855
19 years$3,308$2,706$2,199$1,776$1,426$730
20 years$3,110$2,515$2,018$1,608$1,274$624
21 years$2,931$2,342$1,856$1,459$1,140$535
22 years$2,768$2,187$1,711$1,327$1,022$458
23 years$2,620$2,045$1,580$1,208$917$393
24 years$2,484$1,916$1,461$1,102$824$338
25 years$2,359$1,798$1,353$1,007$742$290
26 years$2,244$1,690$1,255$920$668$250
27 years$2,138$1,590$1,165$842$603$215
28 years$2,039$1,499$1,083$772$544$185
29 years$1,948$1,414$1,008$708$491$159
30 years$1,863$1,335$939$650$444$137
31 years$1,783$1,262$875$597$401$118
32 years$1,708$1,194$817$548$363$102
33 years$1,639$1,131$763$504$328$88
34 years$1,573$1,072$712$464$297$75
35 years$1,511$1,017$666$427$269$65
36 years$1,453$965$623$393$244$56
37 years$1,398$917$583$362$221$48
38 years$1,347$871$546$334$200$42
39 years$1,297$828$512$308$182$36
40 years$1,251$788$480$284$165$31
41 years$1,207$750$450$262$150$27
42 years$1,165$714$422$242$136$23
43 years$1,125$681$396$223$123$20
44 years$1,087$649$372$206$112$17
45 years$1,051$619$349$190$101$15
46 years$1,017$590$328$176$92$13
47 years$984$563$308$162$84$11
48 years$952$538$289$150$76$10
49 years$922$514$272$139$69$8
50 years$893$491$256$128$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $915,000, adding $5,331 every year, while hoping to spend $36,183 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: 50/22/28 Blend
54$915,000$915,000$915,000$915,000
55$1,013,829$965,334$951,151$1,056,252
56$1,078,741$974,137$944,517$1,095,261
57$1,149,061$982,158$936,447$1,133,610
58$1,225,304$989,322$926,856$1,174,586
59$1,308,032$995,547$915,653$1,218,456
60$1,397,868$1,000,745$902,744$1,265,515
61$1,495,495$1,004,825$888,030$1,316,088
62$1,601,663$1,007,690$871,407$1,370,538
63$1,717,200$1,009,233$852,766$1,429,265
64$1,843,014$1,009,346$831,994$1,492,711
65$1,980,108$1,007,910$808,971$1,561,367
66$2,129,582$1,004,801$783,575$1,635,774
67$2,292,648$999,885$755,674$1,716,533
68$2,470,642$993,023$725,132$1,804,307
69$2,665,031$984,065$691,808$1,899,830
70$2,877,434$972,853$655,553$2,003,914
71$3,109,629$959,220$616,211$2,117,456
72$3,363,577$942,988$573,620$2,241,448
73$3,641,436$923,968$527,611$2,376,986
74$3,945,582$901,962$478,005$2,525,283
75$4,278,631$876,759$424,618$2,687,679
76$4,643,466$848,134$367,257$2,865,653
77$5,043,259$815,852$305,719$3,060,841
78$5,481,504$779,662$239,794$3,275,051
79$5,962,051$739,299$169,261$3,510,277
80$6,489,140$694,484$93,890$3,768,726
81$7,067,438$644,919$13,442$4,052,831
82$7,702,090$590,294$0$4,365,283
83$8,398,760$530,275$0$4,730,684
84$9,163,688$464,513$0$5,136,372
85$10,003,750$392,640$0$5,582,028
86$10,926,517$314,263$0$6,071,735
87$11,940,331$228,972$0$6,609,992
88$13,054,382$136,329$0$7,201,762
89$14,278,795$35,875$0$7,852,516
90$15,624,723$0$0$8,568,289
91$17,104,455$0$0$9,373,373
92$18,731,529$0$0$10,268,279
93$20,520,860$0$0$11,252,537
94$22,488,883$0$0$12,335,203
95$24,653,704$0$0$13,526,249
96$27,035,271$0$0$14,836,668
97$29,655,565$0$0$16,278,567
98$32,538,805$0$0$17,865,290
99$35,711,673$0$0$19,611,537
100$39,203,572$0$0$21,533,508