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%19.3%
1 years$75,808$75,132$74,474$73,830$73,203$70,465
2 years$37,529$36,830$36,152$35,495$34,858$32,132
3 years$24,770$24,069$23,393$22,742$22,116$19,486
4 years$18,393$17,693$17,024$16,385$15,773$13,260
5 years$14,567$13,871$13,211$12,585$11,990$9,600
6 years$12,017$11,327$10,677$10,064$9,488$7,222
7 years$10,197$9,512$8,872$8,274$7,716$5,575
8 years$8,832$8,154$7,525$6,941$6,401$4,382
9 years$7,771$7,099$6,481$5,912$5,391$3,491
10 years$6,923$6,258$5,650$5,096$4,593$2,810
11 years$6,230$5,571$4,974$4,435$3,950$2,279
12 years$5,652$5,000$4,415$3,890$3,423$1,860
13 years$5,164$4,519$3,944$3,435$2,985$1,525
14 years$4,746$4,107$3,544$3,049$2,617$1,256
15 years$4,384$3,752$3,200$2,719$2,304$1,037
16 years$4,067$3,443$2,901$2,435$2,036$859
17 years$3,788$3,170$2,640$2,188$1,805$713
18 years$3,540$2,930$2,410$1,971$1,605$592
19 years$3,319$2,715$2,206$1,781$1,431$493
20 years$3,120$2,523$2,025$1,613$1,278$411
21 years$2,940$2,350$1,862$1,464$1,144$343
22 years$2,777$2,194$1,716$1,331$1,025$286
23 years$2,628$2,052$1,585$1,212$920$239
24 years$2,492$1,922$1,466$1,106$827$200
25 years$2,367$1,804$1,357$1,010$744$167
26 years$2,251$1,696$1,259$923$670$140
27 years$2,145$1,596$1,169$845$604$117
28 years$2,046$1,504$1,087$774$545$98
29 years$1,954$1,418$1,011$710$493$82
30 years$1,869$1,340$942$652$445$69
31 years$1,789$1,266$878$599$402$57
32 years$1,714$1,198$819$550$364$48
33 years$1,644$1,135$765$506$329$40
34 years$1,578$1,076$715$465$298$34
35 years$1,516$1,020$668$428$270$28
36 years$1,458$968$625$395$245$24
37 years$1,403$920$585$364$222$20
38 years$1,351$874$548$335$201$17
39 years$1,302$831$513$309$182$14
40 years$1,255$791$481$285$165$12
41 years$1,211$753$451$263$150$10
42 years$1,169$717$423$243$136$8
43 years$1,129$683$397$224$124$7
44 years$1,091$651$373$207$112$6
45 years$1,054$621$350$191$102$5
46 years$1,020$592$329$176$92$4
47 years$987$565$309$163$84$3
48 years$955$539$290$151$76$3
49 years$925$515$273$139$69$2
50 years$896$492$257$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $918,000, adding $4,129 every year, while hoping to spend $41,439 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: 70/5/25 Blend
54$918,000$918,000$918,000$918,000
55$1,015,895$967,241$953,012$1,080,278
56$1,075,426$970,545$940,847$1,127,205
57$1,139,639$972,622$926,886$1,173,356
58$1,208,970$973,368$911,024$1,222,896
59$1,283,895$972,673$893,154$1,276,161
60$1,364,938$970,420$873,160$1,333,519
61$1,452,676$966,484$850,924$1,395,377
62$1,547,740$960,734$826,322$1,462,185
63$1,650,828$953,028$799,222$1,534,439
64$1,762,706$943,220$769,490$1,612,686
65$1,884,215$931,151$736,981$1,697,532
66$2,016,282$916,654$701,546$1,789,644
67$2,159,926$899,553$663,031$1,889,758
68$2,316,268$879,661$621,273$1,998,689
69$2,486,542$856,779$576,100$2,117,332
70$2,672,105$830,697$527,335$2,246,679
71$2,874,452$801,194$474,793$2,387,823
72$3,095,227$768,033$418,279$2,541,969
73$3,336,239$730,966$357,591$2,710,449
74$3,599,482$689,729$292,516$2,894,731
75$3,887,148$644,045$222,835$3,096,436
76$4,201,652$593,618$148,315$3,317,352
77$4,545,654$538,139$68,717$3,559,451
78$4,922,080$477,276$0$3,824,909
79$5,334,153$410,684$0$4,120,456
80$5,785,423$337,995$0$4,464,254
81$6,279,800$258,820$0$4,840,949
82$6,821,587$172,749$0$5,253,838
83$7,415,526$79,351$0$5,706,555
84$8,066,838$0$0$6,203,105
85$8,781,273$0$0$6,749,098
86$9,565,168$0$0$7,353,014
87$10,425,498$0$0$8,015,867
88$11,369,949$0$0$8,743,587
89$12,406,987$0$0$9,542,701
90$13,545,938$0$0$10,420,405
91$14,797,076$0$0$11,384,621
92$16,171,717$0$0$12,444,079
93$17,682,330$0$0$13,608,396
94$19,342,650$0$0$14,888,167
95$21,167,809$0$0$16,295,063
96$23,174,479$0$0$17,841,944
97$25,381,028$0$0$19,542,978
98$27,807,691$0$0$21,413,773
99$30,476,764$0$0$23,471,529
100$33,412,813$0$0$25,735,192