Can I retire at age 55 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$75,808$75,132$74,474$73,830$73,203$71,520
2 years$37,529$36,830$36,152$35,495$34,858$33,173
3 years$24,770$24,069$23,393$22,742$22,116$20,479
4 years$18,393$17,693$17,024$16,385$15,773$14,199
5 years$14,567$13,871$13,211$12,585$11,990$10,482
6 years$12,017$11,327$10,677$10,064$9,488$8,047
7 years$10,197$9,512$8,872$8,274$7,716$6,344
8 years$8,832$8,154$7,525$6,941$6,401$5,097
9 years$7,771$7,099$6,481$5,912$5,391$4,153
10 years$6,923$6,258$5,650$5,096$4,593$3,421
11 years$6,230$5,571$4,974$4,435$3,950$2,842
12 years$5,652$5,000$4,415$3,890$3,423$2,376
13 years$5,164$4,519$3,944$3,435$2,985$1,998
14 years$4,746$4,107$3,544$3,049$2,617$1,688
15 years$4,384$3,752$3,200$2,719$2,304$1,431
16 years$4,067$3,443$2,901$2,435$2,036$1,217
17 years$3,788$3,170$2,640$2,188$1,805$1,037
18 years$3,540$2,930$2,410$1,971$1,605$886
19 years$3,319$2,715$2,206$1,781$1,431$758
20 years$3,120$2,523$2,025$1,613$1,278$650
21 years$2,940$2,350$1,862$1,464$1,144$558
22 years$2,777$2,194$1,716$1,331$1,025$479
23 years$2,628$2,052$1,585$1,212$920$412
24 years$2,492$1,922$1,466$1,106$827$355
25 years$2,367$1,804$1,357$1,010$744$306
26 years$2,251$1,696$1,259$923$670$264
27 years$2,145$1,596$1,169$845$604$227
28 years$2,046$1,504$1,087$774$545$196
29 years$1,954$1,418$1,011$710$493$169
30 years$1,869$1,340$942$652$445$146
31 years$1,789$1,266$878$599$402$126
32 years$1,714$1,198$819$550$364$109
33 years$1,644$1,135$765$506$329$94
34 years$1,578$1,076$715$465$298$81
35 years$1,516$1,020$668$428$270$70
36 years$1,458$968$625$395$245$61
37 years$1,403$920$585$364$222$52
38 years$1,351$874$548$335$201$45
39 years$1,302$831$513$309$182$39
40 years$1,255$791$481$285$165$34
41 years$1,211$753$451$263$150$29
42 years$1,169$717$423$243$136$25
43 years$1,129$683$397$224$124$22
44 years$1,091$651$373$207$112$19
45 years$1,054$621$350$191$102$16
46 years$1,020$592$329$176$92$14
47 years$987$565$309$163$84$12
48 years$955$539$290$151$76$11
49 years$925$515$273$139$69$9
50 years$896$492$257$129$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $918,000, adding $6,212 every year, while hoping to spend $49,940 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: 61/26/13 Blend
54$918,000$918,000$918,000$918,000
55$1,018,044$969,390$955,161$1,076,563
56$1,068,748$963,754$934,023$1,110,993
57$1,122,951$956,168$910,503$1,142,333
58$1,180,956$946,485$884,469$1,175,323
59$1,243,097$934,545$855,782$1,210,126
60$1,309,739$920,184$824,296$1,246,923
61$1,381,283$903,224$789,861$1,285,915
62$1,458,171$883,479$752,319$1,327,326
63$1,540,885$860,750$711,502$1,371,405
64$1,629,956$834,828$667,238$1,418,428
65$1,725,967$805,490$619,346$1,468,703
66$1,829,559$772,503$567,638$1,522,571
67$1,941,435$735,616$511,914$1,580,410
68$2,062,368$694,568$451,970$1,642,640
69$2,193,208$649,080$387,589$1,709,730
70$2,334,888$598,858$318,546$1,782,195
71$2,488,436$543,591$244,607$1,860,610
72$2,654,980$482,951$165,525$1,945,612
73$2,835,763$416,590$81,045$2,037,907
74$3,032,150$344,142$0$2,138,276
75$3,245,643$265,219$0$2,248,850
76$3,477,895$179,411$0$2,381,405
77$3,730,725$86,287$0$2,525,792
78$4,006,133$0$0$2,683,231
79$4,306,321$0$0$2,859,251
80$4,633,712$0$0$3,078,211
81$4,990,974$0$0$3,317,215
82$5,381,043$0$0$3,578,235
83$5,807,149$0$0$3,863,444
84$6,272,852$0$0$4,175,231
85$6,782,067$0$0$4,516,228
86$7,339,108$0$0$4,889,333
87$7,948,723$0$0$5,297,738
88$8,616,141$0$0$5,744,955
89$9,347,121$0$0$6,234,854
90$10,148,002$0$0$6,771,695
91$11,025,769$0$0$7,360,173
92$11,988,112$0$0$8,005,455
93$13,043,502$0$0$8,713,233
94$14,201,269$0$0$9,489,779
95$15,471,689$0$0$10,341,998
96$16,866,081$0$0$11,277,497
97$18,396,914$0$0$12,304,657
98$20,077,923$0$0$13,432,708
99$21,924,237$0$0$14,671,819
100$23,952,523$0$0$16,033,192