Can I retire at age 55 with 917,000?

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 $917,000?

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$75,725$75,050$74,392$73,750$73,123$70,811
2 years$37,488$36,789$36,113$35,457$34,820$32,512
3 years$24,743$24,042$23,367$22,717$22,092$19,859
4 years$18,373$17,674$17,005$16,367$15,756$13,616
5 years$14,551$13,856$13,197$12,571$11,977$9,937
6 years$12,004$11,315$10,665$10,053$9,477$7,537
7 years$10,186$9,502$8,863$8,265$7,708$5,868
8 years$8,823$8,145$7,516$6,934$6,394$4,654
9 years$7,763$7,092$6,474$5,906$5,385$3,742
10 years$6,916$6,251$5,644$5,091$4,588$3,040
11 years$6,223$5,565$4,969$4,431$3,946$2,490
12 years$5,646$4,995$4,410$3,886$3,419$2,053
13 years$5,158$4,514$3,940$3,431$2,982$1,701
14 years$4,741$4,103$3,540$3,046$2,614$1,415
15 years$4,379$3,748$3,196$2,716$2,301$1,181
16 years$4,063$3,439$2,898$2,432$2,034$989
17 years$3,784$3,167$2,637$2,185$1,804$829
18 years$3,537$2,926$2,407$1,969$1,604$697
19 years$3,315$2,712$2,204$1,779$1,429$587
20 years$3,117$2,520$2,022$1,612$1,277$495
21 years$2,937$2,348$1,860$1,463$1,143$417
22 years$2,774$2,191$1,714$1,330$1,024$353
23 years$2,625$2,050$1,583$1,211$919$298
24 years$2,489$1,920$1,464$1,105$826$252
25 years$2,364$1,802$1,356$1,009$744$213
26 years$2,249$1,694$1,258$922$670$181
27 years$2,142$1,594$1,168$844$604$153
28 years$2,044$1,502$1,086$774$545$130
29 years$1,952$1,417$1,010$709$492$110
30 years$1,867$1,338$941$651$445$93
31 years$1,787$1,265$877$598$402$79
32 years$1,712$1,197$818$549$364$67
33 years$1,642$1,134$764$505$329$57
34 years$1,576$1,074$714$465$298$48
35 years$1,515$1,019$668$428$270$41
36 years$1,456$967$625$394$244$35
37 years$1,401$919$585$363$222$29
38 years$1,349$873$547$335$201$25
39 years$1,300$830$513$309$182$21
40 years$1,254$790$481$285$165$18
41 years$1,209$752$451$263$150$15
42 years$1,167$716$423$242$136$13
43 years$1,128$682$397$224$123$11
44 years$1,090$650$372$207$112$9
45 years$1,053$620$350$191$102$8
46 years$1,019$592$328$176$92$7
47 years$986$565$309$163$84$6
48 years$954$539$290$150$76$5
49 years$924$515$273$139$69$4
50 years$895$492$256$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $917,000, adding $3,018 every year, while hoping to spend $24,607 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: 65/18/17 Blend
54$917,000$917,000$917,000$917,000
55$1,013,647$965,046$950,833$1,075,100
56$1,090,857$986,152$956,504$1,137,755
57$1,175,118$1,007,467$961,540$1,203,088
58$1,267,123$1,028,976$965,895$1,273,886
59$1,367,636$1,050,661$969,518$1,350,685
60$1,477,495$1,072,503$972,357$1,434,073
61$1,597,626$1,094,483$974,357$1,524,700
62$1,729,047$1,116,576$975,462$1,623,281
63$1,872,880$1,138,758$975,610$1,730,603
64$2,030,359$1,161,003$974,739$1,847,535
65$2,202,844$1,183,281$972,781$1,975,034
66$2,391,833$1,205,560$969,667$2,114,155
67$2,598,973$1,227,806$965,325$2,266,058
68$2,826,082$1,249,982$959,677$2,432,025
69$3,075,160$1,272,048$952,643$2,613,466
70$3,348,409$1,293,961$944,139$2,811,938
71$3,648,256$1,315,675$934,078$3,029,154
72$3,977,375$1,337,139$922,366$3,267,003
73$4,338,709$1,358,301$908,907$3,527,567
74$4,735,502$1,379,102$893,599$3,813,141
75$5,171,326$1,399,481$876,338$4,126,253
76$5,650,118$1,419,372$857,012$4,469,692
77$6,176,213$1,438,705$835,505$4,846,530
78$6,754,388$1,457,402$811,695$5,260,151
79$7,389,905$1,475,384$785,457$5,714,290
80$8,088,561$1,492,565$756,656$6,213,057
81$8,856,745$1,508,851$725,154$6,760,988
82$9,701,492$1,524,144$690,807$7,363,078
83$10,630,557$1,538,339$653,461$8,024,835
84$11,652,481$1,551,325$612,959$8,752,329
85$12,776,675$1,562,982$569,135$9,552,250
86$14,013,511$1,573,182$521,815$10,431,971
87$15,374,412$1,581,791$470,819$11,399,620
88$16,871,968$1,588,665$415,958$12,464,153
89$18,520,050$1,593,651$357,034$13,635,442
90$20,333,942$1,596,586$293,840$14,924,370
91$22,330,483$1,597,298$226,163$16,342,927
92$24,528,229$1,595,602$153,776$17,904,332
93$26,947,626$1,591,305$76,446$19,623,152
94$29,611,204$1,584,199$0$21,515,442
95$32,543,786$1,574,064$0$23,600,002
96$35,772,728$1,560,669$0$25,910,102
97$39,328,170$1,543,766$0$28,453,403
98$43,243,326$1,523,093$0$31,253,646
99$47,554,794$1,498,373$0$34,336,995
100$52,302,902$1,469,312$0$37,732,281