Can I retire at age 55 with 915,000?

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 $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%13.7%
1 years$75,560$74,887$74,230$73,589$72,963$71,843
2 years$37,406$36,709$36,034$35,379$34,744$33,619
3 years$24,690$23,990$23,316$22,668$22,043$20,947
4 years$18,333$17,635$16,968$16,331$15,721$14,663
5 years$14,519$13,826$13,168$12,544$11,951$10,934
6 years$11,978$11,290$10,642$10,031$9,457$8,481
7 years$10,164$9,481$8,843$8,247$7,691$6,757
8 years$8,803$8,127$7,500$6,918$6,380$5,489
9 years$7,746$7,076$6,460$5,893$5,373$4,524
10 years$6,901$6,237$5,632$5,080$4,578$3,770
11 years$6,209$5,553$4,958$4,421$3,937$3,169
12 years$5,634$4,984$4,400$3,878$3,412$2,683
13 years$5,147$4,504$3,931$3,424$2,975$2,285
14 years$4,730$4,094$3,532$3,039$2,608$1,955
15 years$4,369$3,740$3,189$2,710$2,296$1,679
16 years$4,054$3,431$2,891$2,427$2,030$1,447
17 years$3,776$3,160$2,631$2,180$1,800$1,251
18 years$3,529$2,920$2,402$1,965$1,600$1,083
19 years$3,308$2,706$2,199$1,776$1,426$940
20 years$3,110$2,515$2,018$1,608$1,274$818
21 years$2,931$2,342$1,856$1,459$1,140$712
22 years$2,768$2,187$1,711$1,327$1,022$621
23 years$2,620$2,045$1,580$1,208$917$542
24 years$2,484$1,916$1,461$1,102$824$473
25 years$2,359$1,798$1,353$1,007$742$414
26 years$2,244$1,690$1,255$920$668$362
27 years$2,138$1,590$1,165$842$603$317
28 years$2,039$1,499$1,083$772$544$278
29 years$1,948$1,414$1,008$708$491$244
30 years$1,863$1,335$939$650$444$214
31 years$1,783$1,262$875$597$401$187
32 years$1,708$1,194$817$548$363$164
33 years$1,639$1,131$763$504$328$144
34 years$1,573$1,072$712$464$297$127
35 years$1,511$1,017$666$427$269$111
36 years$1,453$965$623$393$244$98
37 years$1,398$917$583$362$221$86
38 years$1,347$871$546$334$200$75
39 years$1,297$828$512$308$182$66
40 years$1,251$788$480$284$165$58
41 years$1,207$750$450$262$150$51
42 years$1,165$714$422$242$136$45
43 years$1,125$681$396$223$123$40
44 years$1,087$649$372$206$112$35
45 years$1,051$619$349$190$101$31
46 years$1,017$590$328$176$92$27
47 years$984$563$308$162$84$24
48 years$952$538$289$150$76$21
49 years$922$514$272$139$69$18
50 years$893$491$256$128$63$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $915,000, adding $2,025 every year, while hoping to spend $59,819 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: 74/11/15 Blend
54$915,000$915,000$915,000$915,000
55$1,010,419$961,924$947,741$1,081,717
56$1,049,835$945,411$915,844$1,112,656
57$1,091,266$926,084$880,873$1,138,963
58$1,134,855$903,743$842,662$1,166,185
59$1,180,757$878,173$801,038$1,194,397
60$1,229,141$849,150$755,819$1,223,683
61$1,280,190$816,435$706,816$1,254,136
62$1,334,106$779,776$653,830$1,285,860
63$1,391,105$738,906$596,655$1,318,970
64$1,451,428$693,542$535,072$1,353,594
65$1,515,334$643,386$468,858$1,389,876
66$1,583,108$588,122$397,774$1,427,976
67$1,655,061$527,416$321,576$1,468,069
68$1,731,533$460,916$240,005$1,510,354
69$1,812,896$388,248$152,792$1,555,049
70$1,899,559$309,019$59,657$1,602,398
71$1,991,965$222,813$0$1,652,670
72$2,090,605$129,190$0$1,712,527
73$2,196,013$27,686$0$1,786,545
74$2,308,776$0$0$1,865,588
75$2,429,537$0$0$1,960,068
76$2,559,002$0$0$2,064,977
77$2,697,943$0$0$2,177,593
78$2,847,212$0$0$2,298,609
79$3,007,739$0$0$2,428,784
80$3,180,549$0$0$2,568,952
81$3,366,765$0$0$2,720,029
82$3,567,621$0$0$2,883,020
83$3,784,475$0$0$3,059,031
84$4,018,815$0$0$3,249,276
85$4,272,281$0$0$3,455,091
86$4,546,672$0$0$3,677,942
87$4,843,967$0$0$3,919,442
88$5,166,343$0$0$4,181,365
89$5,516,192$0$0$4,465,662
90$5,896,146$0$0$4,774,478
91$6,309,101$0$0$5,110,173
92$6,758,241$0$0$5,475,342
93$7,247,071$0$0$5,872,843
94$7,779,444$0$0$6,305,817
95$8,359,605$0$0$6,777,725
96$8,992,222$0$0$7,292,371
97$9,682,433$0$0$7,853,946
98$10,435,896$0$0$8,467,060
99$11,258,837$0$0$9,136,791
100$12,158,109$0$0$9,868,726