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%12.6%
1 years$75,560$74,887$74,230$73,589$72,963$72,171
2 years$37,406$36,709$36,034$35,379$34,744$33,947
3 years$24,690$23,990$23,316$22,668$22,043$21,265
4 years$18,333$17,635$16,968$16,331$15,721$14,969
5 years$14,519$13,826$13,168$12,544$11,951$11,226
6 years$11,978$11,290$10,642$10,031$9,457$8,760
7 years$10,164$9,481$8,843$8,247$7,691$7,022
8 years$8,803$8,127$7,500$6,918$6,380$5,741
9 years$7,746$7,076$6,460$5,893$5,373$4,762
10 years$6,901$6,237$5,632$5,080$4,578$3,995
11 years$6,209$5,553$4,958$4,421$3,937$3,382
12 years$5,634$4,984$4,400$3,878$3,412$2,883
13 years$5,147$4,504$3,931$3,424$2,975$2,473
14 years$4,730$4,094$3,532$3,039$2,608$2,131
15 years$4,369$3,740$3,189$2,710$2,296$1,844
16 years$4,054$3,431$2,891$2,427$2,030$1,602
17 years$3,776$3,160$2,631$2,180$1,800$1,395
18 years$3,529$2,920$2,402$1,965$1,600$1,218
19 years$3,308$2,706$2,199$1,776$1,426$1,066
20 years$3,110$2,515$2,018$1,608$1,274$934
21 years$2,931$2,342$1,856$1,459$1,140$820
22 years$2,768$2,187$1,711$1,327$1,022$721
23 years$2,620$2,045$1,580$1,208$917$635
24 years$2,484$1,916$1,461$1,102$824$559
25 years$2,359$1,798$1,353$1,007$742$493
26 years$2,244$1,690$1,255$920$668$436
27 years$2,138$1,590$1,165$842$603$385
28 years$2,039$1,499$1,083$772$544$340
29 years$1,948$1,414$1,008$708$491$301
30 years$1,863$1,335$939$650$444$266
31 years$1,783$1,262$875$597$401$236
32 years$1,708$1,194$817$548$363$209
33 years$1,639$1,131$763$504$328$185
34 years$1,573$1,072$712$464$297$164
35 years$1,511$1,017$666$427$269$145
36 years$1,453$965$623$393$244$129
37 years$1,398$917$583$362$221$114
38 years$1,347$871$546$334$200$101
39 years$1,297$828$512$308$182$90
40 years$1,251$788$480$284$165$80
41 years$1,207$750$450$262$150$71
42 years$1,165$714$422$242$136$63
43 years$1,125$681$396$223$123$56
44 years$1,087$649$372$206$112$49
45 years$1,051$619$349$190$101$44
46 years$1,017$590$328$176$92$39
47 years$984$563$308$162$84$35
48 years$952$538$289$150$76$31
49 years$922$514$272$139$69$27
50 years$893$491$256$128$63$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $915,000, adding $4,687 every year, while hoping to spend $31,911 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: 34/44/22 Blend
54$915,000$915,000$915,000$915,000
55$1,013,165$964,670$950,487$1,040,670
56$1,082,554$977,985$948,375$1,074,802
57$1,157,952$990,884$945,123$1,108,335
58$1,239,938$1,003,312$940,659$1,143,844
59$1,329,148$1,015,210$934,908$1,181,526
60$1,426,283$1,026,518$927,789$1,221,596
61$1,532,116$1,037,169$919,222$1,264,294
62$1,647,494$1,047,093$909,119$1,309,887
63$1,773,353$1,056,215$897,389$1,358,669
64$1,910,721$1,064,455$883,937$1,410,967
65$2,060,729$1,071,728$868,664$1,467,144
66$2,224,624$1,077,944$851,465$1,527,601
67$2,403,779$1,083,006$832,232$1,592,782
68$2,599,703$1,086,812$810,850$1,663,182
69$2,814,059$1,089,252$787,200$1,739,344
70$3,048,679$1,090,211$761,157$1,821,875
71$3,305,579$1,089,566$732,590$1,911,443
72$3,586,979$1,087,187$701,364$2,008,788
73$3,895,327$1,082,934$667,335$2,114,731
74$4,233,313$1,076,661$630,353$2,230,179
75$4,603,905$1,068,211$590,264$2,356,136
76$5,010,369$1,057,420$546,904$2,493,713
77$5,456,304$1,044,110$500,103$2,644,138
78$5,945,673$1,028,098$449,682$2,808,771
79$6,482,841$1,009,184$395,456$2,989,112
80$7,072,618$987,162$337,231$3,186,826
81$7,720,301$961,808$274,804$3,403,747
82$8,431,726$932,891$207,964$3,641,906
83$9,213,320$900,160$136,489$3,903,548
84$10,072,165$863,355$60,148$4,191,152
85$11,016,065$822,198$0$4,507,459
86$12,053,613$776,395$0$4,860,502
87$13,194,279$725,636$0$5,264,015
88$14,448,495$669,593$0$5,707,619
89$15,827,757$607,917$0$6,195,461
90$17,344,727$540,244$0$6,732,117
91$19,013,357$466,184$0$7,322,634
92$20,849,021$385,329$0$7,972,582
93$22,868,657$297,246$0$8,688,109
94$25,090,926$201,477$0$9,475,993
95$27,536,391$97,539$0$10,343,718
96$30,227,708$0$0$11,299,535
97$33,189,842$0$0$12,359,848
98$36,450,298$0$0$13,579,091
99$40,039,387$0$0$14,921,390
100$43,990,505$0$0$16,399,257