Can I retire at age 55 with 916,000?

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 $916,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$75,642$74,969$74,311$73,670$73,043$72,492
2 years$37,447$36,749$36,073$35,418$34,782$34,226
3 years$24,717$24,016$23,342$22,693$22,067$21,524
4 years$18,353$17,654$16,987$16,349$15,739$15,212
5 years$14,535$13,841$13,183$12,557$11,964$11,456
6 years$11,991$11,302$10,653$10,042$9,467$8,978
7 years$10,175$9,492$8,853$8,256$7,699$7,230
8 years$8,813$8,136$7,508$6,926$6,387$5,937
9 years$7,755$7,084$6,467$5,899$5,379$4,948
10 years$6,908$6,244$5,638$5,085$4,583$4,171
11 years$6,216$5,559$4,963$4,426$3,942$3,548
12 years$5,640$4,989$4,405$3,882$3,416$3,041
13 years$5,153$4,509$3,936$3,427$2,979$2,621
14 years$4,735$4,098$3,536$3,042$2,611$2,271
15 years$4,374$3,744$3,193$2,713$2,299$1,976
16 years$4,058$3,435$2,895$2,429$2,032$1,725
17 years$3,780$3,164$2,634$2,183$1,802$1,511
18 years$3,533$2,923$2,404$1,967$1,602$1,327
19 years$3,312$2,709$2,201$1,777$1,428$1,168
20 years$3,113$2,518$2,020$1,610$1,275$1,030
21 years$2,934$2,345$1,858$1,461$1,141$909
22 years$2,771$2,189$1,713$1,328$1,023$804
23 years$2,622$2,047$1,581$1,210$918$712
24 years$2,486$1,918$1,462$1,103$825$632
25 years$2,362$1,800$1,354$1,008$743$561
26 years$2,247$1,692$1,256$921$669$498
27 years$2,140$1,592$1,166$843$603$443
28 years$2,042$1,500$1,084$773$544$394
29 years$1,950$1,415$1,009$709$491$351
30 years$1,865$1,337$940$650$444$312
31 years$1,785$1,264$876$597$401$278
32 years$1,710$1,196$818$549$363$248
33 years$1,640$1,132$763$505$329$221
34 years$1,575$1,073$713$464$298$197
35 years$1,513$1,018$667$428$270$176
36 years$1,455$966$624$394$244$157
37 years$1,400$918$584$363$221$140
38 years$1,348$872$547$334$201$125
39 years$1,299$829$512$308$182$112
40 years$1,252$789$480$284$165$100
41 years$1,208$751$450$262$150$89
42 years$1,166$715$422$242$136$80
43 years$1,126$681$396$224$123$71
44 years$1,088$650$372$206$112$64
45 years$1,052$619$349$191$102$57
46 years$1,018$591$328$176$92$51
47 years$985$564$308$163$84$45
48 years$953$538$290$150$76$41
49 years$923$514$272$139$69$36
50 years$894$491$256$128$63$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $916,000, adding $3,990 every year, while hoping to spend $21,648 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: 46/24/30 Blend
54$916,000$916,000$916,000$916,000
55$1,013,548$965,000$950,802$1,051,249
56$1,093,896$989,251$959,620$1,102,685
57$1,181,715$1,013,966$968,009$1,156,075
58$1,277,742$1,039,143$975,930$1,213,599
59$1,382,793$1,064,782$983,344$1,275,658
60$1,497,762$1,090,880$990,211$1,342,693
61$1,623,637$1,117,437$996,486$1,415,189
62$1,761,504$1,144,447$1,002,124$1,493,683
63$1,912,559$1,171,907$1,007,077$1,578,765
64$2,078,121$1,199,811$1,011,294$1,671,086
65$2,259,640$1,228,152$1,014,723$1,771,364
66$2,458,714$1,256,923$1,017,308$1,880,389
67$2,677,105$1,286,114$1,018,990$1,999,035
68$2,916,751$1,315,715$1,019,707$2,128,261
69$3,179,789$1,345,714$1,019,396$2,269,129
70$3,468,570$1,376,097$1,017,989$2,422,805
71$3,785,687$1,406,848$1,015,415$2,590,579
72$4,133,995$1,437,952$1,011,599$2,773,870
73$4,516,638$1,469,387$1,006,463$2,974,243
74$4,937,082$1,501,134$999,926$3,193,425
75$5,399,143$1,533,168$991,902$3,433,317
76$5,907,026$1,565,464$982,302$3,696,017
77$6,465,365$1,597,993$971,031$3,983,838
78$7,079,262$1,630,725$957,990$4,299,328
79$7,754,341$1,663,625$943,077$4,645,297
80$8,496,798$1,696,656$926,184$5,024,843
81$9,313,458$1,729,779$907,198$5,441,381
82$10,211,841$1,762,949$886,000$5,898,677
83$11,200,235$1,796,120$862,467$6,400,880
84$12,287,769$1,829,239$836,470$6,952,565
85$13,484,502$1,862,253$807,872$7,558,777
86$14,801,519$1,895,101$776,533$8,225,075
87$16,251,031$1,927,718$742,305$8,957,587
88$17,846,496$1,960,036$705,032$9,763,071
89$19,602,742$1,991,980$664,553$10,648,973
90$21,536,105$2,023,471$620,699$11,623,503
91$23,664,588$2,054,422$573,293$12,695,711
92$26,008,029$2,084,741$522,151$13,875,572
93$28,588,284$2,114,330$467,079$15,174,082
94$31,429,440$2,143,083$407,877$16,603,361
95$34,558,036$2,170,887$344,334$18,176,769
96$38,003,317$2,197,621$276,231$19,909,033
97$41,797,507$2,223,157$203,337$21,816,385
98$45,976,118$2,247,357$125,413$23,916,717
99$50,578,278$2,270,073$42,210$26,229,749
100$55,647,104$2,291,149$0$28,777,219