Can I retire at age 55 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$75,890$75,214$74,555$73,911$73,282$71,511
2 years$37,569$36,870$36,192$35,534$34,896$33,122
3 years$24,797$24,095$23,418$22,767$22,140$20,418
4 years$18,413$17,712$17,043$16,402$15,790$14,135
5 years$14,583$13,887$13,226$12,599$12,003$10,419
6 years$12,031$11,339$10,688$10,075$9,498$7,986
7 years$10,208$9,523$8,882$8,283$7,724$6,285
8 years$8,842$8,163$7,533$6,949$6,408$5,040
9 years$7,780$7,107$6,488$5,919$5,397$4,100
10 years$6,931$6,265$5,656$5,102$4,598$3,370
11 years$6,236$5,577$4,980$4,440$3,955$2,794
12 years$5,658$5,006$4,419$3,895$3,427$2,332
13 years$5,170$4,524$3,948$3,438$2,988$1,957
14 years$4,751$4,112$3,548$3,052$2,620$1,650
15 years$4,388$3,756$3,203$2,722$2,306$1,396
16 years$4,072$3,446$2,904$2,437$2,038$1,184
17 years$3,792$3,174$2,643$2,190$1,807$1,007
18 years$3,544$2,933$2,412$1,974$1,607$859
19 years$3,323$2,718$2,208$1,783$1,432$733
20 years$3,123$2,526$2,027$1,615$1,279$627
21 years$2,943$2,353$1,864$1,466$1,145$537
22 years$2,780$2,196$1,718$1,333$1,026$460
23 years$2,631$2,054$1,586$1,214$921$395
24 years$2,495$1,924$1,467$1,107$828$339
25 years$2,369$1,806$1,359$1,011$745$292
26 years$2,254$1,697$1,260$924$671$251
27 years$2,147$1,597$1,170$846$605$216
28 years$2,048$1,505$1,088$775$546$186
29 years$1,956$1,420$1,012$711$493$160
30 years$1,871$1,341$943$652$446$138
31 years$1,791$1,268$879$599$403$118
32 years$1,716$1,200$820$551$364$102
33 years$1,646$1,136$766$506$330$88
34 years$1,580$1,077$716$466$299$76
35 years$1,518$1,021$669$429$270$65
36 years$1,460$969$626$395$245$56
37 years$1,404$921$586$364$222$49
38 years$1,352$875$549$335$201$42
39 years$1,303$832$514$309$183$36
40 years$1,256$792$482$285$166$31
41 years$1,212$753$452$263$150$27
42 years$1,170$718$424$243$136$23
43 years$1,130$684$398$224$124$20
44 years$1,092$652$373$207$112$17
45 years$1,056$621$350$191$102$15
46 years$1,021$593$329$177$93$13
47 years$988$566$309$163$84$11
48 years$956$540$291$151$76$10
49 years$926$516$273$139$69$8
50 years$897$493$257$129$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $919,000, adding $3,944 every year, while hoping to spend $45,170 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: 51/24/25 Blend
54$919,000$919,000$919,000$919,000
55$1,016,806$968,099$953,855$1,061,353
56$1,072,460$967,476$937,748$1,092,074
57$1,132,276$965,307$919,588$1,120,564
58$1,196,633$961,471$899,259$1,150,627
59$1,265,942$955,837$876,637$1,182,433
60$1,340,660$948,264$851,596$1,216,170
61$1,421,285$938,607$824,002$1,252,046
62$1,508,366$926,709$793,716$1,290,294
63$1,602,506$912,404$760,592$1,331,174
64$1,704,367$895,517$724,477$1,374,975
65$1,814,678$875,863$685,213$1,422,019
66$1,934,239$853,244$642,631$1,472,662
67$2,063,930$827,452$596,559$1,527,303
68$2,204,721$798,268$546,814$1,586,384
69$2,357,677$765,456$493,205$1,650,394
70$2,523,967$728,771$435,536$1,719,881
71$2,704,883$687,952$373,597$1,795,447
72$2,901,841$642,722$307,173$1,877,766
73$3,116,403$592,789$236,036$1,967,582
74$3,350,284$537,844$159,952$2,065,722
75$3,605,376$477,561$78,673$2,173,103
76$3,883,758$411,596$0$2,290,740
77$4,187,720$339,583$0$2,421,910
78$4,519,783$261,137$0$2,588,246
79$4,882,721$175,853$0$2,770,195
80$5,279,589$83,300$0$2,969,366
81$5,713,750$0$0$3,187,535
82$6,188,909$0$0$3,431,145
83$6,709,143$0$0$3,722,042
84$7,278,944$0$0$4,040,749
85$7,903,256$0$0$4,390,045
86$8,587,527$0$0$4,772,989
87$9,337,755$0$0$5,192,951
88$10,160,547$0$0$5,653,642
89$11,063,179$0$0$6,159,151
90$12,053,666$0$0$6,713,979
91$13,140,838$0$0$7,323,088
92$14,334,419$0$0$7,991,941
93$15,645,121$0$0$8,726,557
94$17,084,746$0$0$9,533,566
95$18,666,292$0$0$10,420,272
96$20,404,082$0$0$11,394,722
97$22,313,892$0$0$12,465,781
98$24,413,103$0$0$13,643,215
99$26,720,865$0$0$14,937,784
100$29,258,273$0$0$16,361,342