Can I retire at age 55 with 917,000?

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 $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%15.1%
1 years$75,725$75,050$74,392$73,750$73,123$71,588
2 years$37,488$36,789$36,113$35,457$34,820$33,281
3 years$24,743$24,042$23,367$22,717$22,092$20,596
4 years$18,373$17,674$17,005$16,367$15,756$14,316
5 years$14,551$13,856$13,197$12,571$11,977$10,597
6 years$12,004$11,315$10,665$10,053$9,477$8,157
7 years$10,186$9,502$8,863$8,265$7,708$6,449
8 years$8,823$8,145$7,516$6,934$6,394$5,196
9 years$7,763$7,092$6,474$5,906$5,385$4,247
10 years$6,916$6,251$5,644$5,091$4,588$3,509
11 years$6,223$5,565$4,969$4,431$3,946$2,924
12 years$5,646$4,995$4,410$3,886$3,419$2,453
13 years$5,158$4,514$3,940$3,431$2,982$2,070
14 years$4,741$4,103$3,540$3,046$2,614$1,754
15 years$4,379$3,748$3,196$2,716$2,301$1,492
16 years$4,063$3,439$2,898$2,432$2,034$1,273
17 years$3,784$3,167$2,637$2,185$1,804$1,090
18 years$3,537$2,926$2,407$1,969$1,604$934
19 years$3,315$2,712$2,204$1,779$1,429$803
20 years$3,117$2,520$2,022$1,612$1,277$691
21 years$2,937$2,348$1,860$1,463$1,143$595
22 years$2,774$2,191$1,714$1,330$1,024$513
23 years$2,625$2,050$1,583$1,211$919$443
24 years$2,489$1,920$1,464$1,105$826$383
25 years$2,364$1,802$1,356$1,009$744$331
26 years$2,249$1,694$1,258$922$670$287
27 years$2,142$1,594$1,168$844$604$248
28 years$2,044$1,502$1,086$774$545$215
29 years$1,952$1,417$1,010$709$492$186
30 years$1,867$1,338$941$651$445$161
31 years$1,787$1,265$877$598$402$140
32 years$1,712$1,197$818$549$364$121
33 years$1,642$1,134$764$505$329$105
34 years$1,576$1,074$714$465$298$91
35 years$1,515$1,019$668$428$270$79
36 years$1,456$967$625$394$244$69
37 years$1,401$919$585$363$222$60
38 years$1,349$873$547$335$201$52
39 years$1,300$830$513$309$182$45
40 years$1,254$790$481$285$165$39
41 years$1,209$752$451$263$150$34
42 years$1,167$716$423$242$136$30
43 years$1,128$682$397$224$123$26
44 years$1,090$650$372$207$112$22
45 years$1,053$620$350$191$102$19
46 years$1,019$592$328$176$92$17
47 years$986$565$309$163$84$15
48 years$954$539$290$150$76$13
49 years$924$515$273$139$69$11
50 years$895$492$256$129$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $917,000, adding $2,930 every year, while hoping to spend $28,635 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: 60/21/19 Blend
54$917,000$917,000$917,000$917,000
55$1,013,556$964,955$950,742$1,069,191
56$1,086,472$981,771$952,124$1,123,985
57$1,165,865$998,450$952,593$1,180,321
58$1,252,366$1,014,957$952,088$1,241,130
59$1,346,669$1,031,252$950,545$1,306,849
60$1,449,537$1,047,292$947,896$1,377,961
61$1,561,812$1,063,031$944,073$1,454,998
62$1,684,418$1,078,421$939,001$1,538,547
63$1,818,374$1,093,409$932,602$1,629,254
64$1,964,801$1,107,939$924,797$1,727,832
65$2,124,934$1,121,950$915,501$1,835,069
66$2,300,131$1,135,380$904,624$1,951,831
67$2,491,890$1,148,159$892,075$2,079,074
68$2,701,858$1,160,214$877,755$2,217,854
69$2,931,851$1,171,468$861,563$2,369,333
70$3,183,866$1,181,837$843,392$2,534,794
71$3,460,106$1,191,232$823,131$2,715,650
72$3,762,994$1,199,559$800,662$2,913,461
73$4,095,200$1,206,718$775,865$3,129,946
74$4,459,665$1,212,602$748,611$3,367,001
75$4,859,628$1,217,097$718,767$3,626,717
76$5,298,657$1,220,082$686,193$3,911,399
77$5,780,683$1,221,429$650,744$4,223,589
78$6,310,035$1,221,001$612,266$4,566,090
79$6,891,482$1,218,653$570,600$4,941,992
80$7,530,278$1,214,232$525,579$5,354,701
81$8,232,210$1,207,574$477,031$5,807,977
82$9,003,656$1,198,505$424,772$6,305,960
83$9,851,640$1,186,843$368,613$6,853,217
84$10,783,901$1,172,392$308,355$7,454,785
85$11,808,966$1,154,946$243,791$8,116,214
86$12,936,228$1,134,286$174,706$8,843,626
87$14,176,037$1,110,180$100,873$9,643,769
88$15,539,797$1,082,383$22,056$10,524,082
89$17,040,071$1,050,634$0$11,492,767
90$18,690,702$1,014,659$0$12,571,447
91$20,506,943$974,167$0$13,763,099
92$22,505,599$928,848$0$15,074,290
93$24,705,186$878,378$0$16,517,192
94$27,126,108$822,412$0$18,105,218
95$29,790,845$760,584$0$19,853,153
96$32,724,169$692,510$0$21,777,289
97$35,953,373$617,782$0$23,895,584
98$39,508,533$535,969$0$26,227,828
99$43,422,789$446,617$0$28,795,832
100$47,732,657$349,245$0$31,623,635