Can I retire at age 55 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$75,973$75,296$74,636$73,991$73,362$72,747
2 years$37,610$36,910$36,231$35,573$34,934$34,315
3 years$24,824$24,121$23,444$22,792$22,164$21,559
4 years$18,433$17,731$17,061$16,420$15,807$15,221
5 years$14,599$13,902$13,240$12,612$12,017$11,451
6 years$12,044$11,352$10,700$10,086$9,508$8,964
7 years$10,219$9,533$8,892$8,292$7,733$7,211
8 years$8,852$8,172$7,541$6,956$6,415$5,915
9 years$7,788$7,115$6,495$5,925$5,402$4,923
10 years$6,938$6,271$5,662$5,108$4,603$4,145
11 years$6,243$5,583$4,985$4,445$3,959$3,522
12 years$5,664$5,011$4,424$3,899$3,431$3,014
13 years$5,175$4,529$3,953$3,442$2,992$2,595
14 years$4,756$4,116$3,552$3,056$2,622$2,246
15 years$4,393$3,760$3,207$2,725$2,309$1,951
16 years$4,076$3,450$2,907$2,440$2,041$1,702
17 years$3,796$3,177$2,645$2,192$1,809$1,488
18 years$3,548$2,936$2,415$1,976$1,609$1,305
19 years$3,326$2,721$2,211$1,785$1,434$1,147
20 years$3,127$2,529$2,029$1,617$1,281$1,010
21 years$2,947$2,355$1,866$1,467$1,146$890
22 years$2,783$2,199$1,720$1,334$1,027$786
23 years$2,634$2,056$1,588$1,215$922$695
24 years$2,497$1,927$1,469$1,108$829$616
25 years$2,372$1,808$1,360$1,012$746$546
26 years$2,256$1,699$1,262$925$672$484
27 years$2,150$1,599$1,172$847$606$430
28 years$2,050$1,507$1,089$776$547$381
29 years$1,958$1,422$1,014$712$494$339
30 years$1,873$1,343$944$653$446$301
31 years$1,793$1,269$880$600$403$268
32 years$1,718$1,201$821$551$365$239
33 years$1,648$1,137$767$507$330$212
34 years$1,582$1,078$716$466$299$189
35 years$1,520$1,022$670$429$271$169
36 years$1,461$970$627$395$245$150
37 years$1,406$922$586$364$222$134
38 years$1,354$876$549$336$202$119
39 years$1,305$833$515$310$183$106
40 years$1,258$792$482$286$166$95
41 years$1,213$754$452$264$150$85
42 years$1,171$718$424$243$136$75
43 years$1,131$684$398$224$124$67
44 years$1,093$652$374$207$112$60
45 years$1,057$622$351$191$102$54
46 years$1,022$593$330$177$93$48
47 years$989$566$310$163$84$43
48 years$957$541$291$151$76$38
49 years$927$516$273$140$69$34
50 years$898$493$257$129$63$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $920,000, adding $4,371 every year, while hoping to spend $22,798 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: 39/45/16 Blend
54$920,000$920,000$920,000$920,000
55$1,018,349$969,589$955,329$1,053,030
56$1,097,963$992,842$963,075$1,101,438
57$1,184,935$1,016,470$970,317$1,151,219
58$1,279,989$1,040,468$977,014$1,204,560
59$1,383,926$1,064,829$983,122$1,261,794
60$1,497,625$1,089,544$988,595$1,323,288
61$1,622,057$1,114,606$993,388$1,389,447
62$1,758,289$1,140,004$997,448$1,460,718
63$1,907,496$1,165,726$1,000,724$1,537,589
64$2,070,973$1,191,759$1,003,161$1,620,604
65$2,250,145$1,218,088$1,004,700$1,710,358
66$2,446,583$1,244,697$1,005,280$1,807,507
67$2,662,015$1,271,568$1,004,838$1,912,777
68$2,898,347$1,298,681$1,003,306$2,026,966
69$3,157,676$1,326,014$1,000,615$2,150,952
70$3,442,313$1,353,543$996,689$2,285,706
71$3,754,804$1,381,241$991,453$2,432,296
72$4,097,952$1,409,080$984,824$2,591,901
73$4,474,846$1,437,028$976,719$2,765,819
74$4,888,888$1,465,050$967,047$2,955,482
75$5,343,827$1,493,110$955,716$3,162,468
76$5,843,793$1,521,168$942,628$3,388,517
77$6,393,335$1,549,180$927,681$3,635,545
78$6,997,464$1,577,099$910,767$3,905,669
79$7,661,703$1,604,875$891,775$4,201,218
80$8,392,135$1,632,452$870,588$4,524,762
81$9,195,462$1,659,771$847,082$4,879,133
82$10,079,070$1,686,771$821,130$5,267,455
83$11,051,095$1,713,382$792,597$5,693,171
84$12,120,500$1,739,531$761,343$6,160,074
85$13,297,164$1,765,141$727,221$6,672,350
86$14,591,970$1,790,128$690,078$7,234,610
87$16,016,908$1,814,402$649,753$7,851,941
88$17,585,191$1,837,866$606,078$8,529,946
89$19,311,378$1,860,419$558,880$9,274,807
90$21,211,510$1,881,951$507,973$10,093,335
91$23,303,262$1,902,344$453,168$10,993,039
92$25,606,110$1,921,475$394,265$11,982,199
93$28,141,515$1,939,209$331,054$13,069,942
94$30,933,124$1,955,405$263,319$14,266,326
95$34,006,995$1,969,911$190,832$15,582,442
96$37,391,838$1,982,567$113,355$17,030,515
97$41,119,294$1,993,201$30,641$18,624,021
98$45,224,226$2,001,632$0$20,377,814
99$49,745,049$2,007,664$0$22,318,109
100$54,724,097$2,011,093$0$24,459,338