Can I retire at age 55 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$76,055$75,378$74,717$74,072$73,442$71,812
2 years$37,651$36,950$36,270$35,611$34,972$33,339
3 years$24,851$24,147$23,469$22,817$22,188$20,602
4 years$18,453$17,751$17,080$16,438$15,825$14,298
5 years$14,615$13,917$13,255$12,626$12,030$10,567
6 years$12,057$11,364$10,712$10,097$9,519$8,121
7 years$10,230$9,544$8,901$8,301$7,741$6,409
8 years$8,861$8,181$7,549$6,964$6,422$5,155
9 years$7,797$7,123$6,502$5,932$5,408$4,206
10 years$6,946$6,278$5,669$5,113$4,608$3,468
11 years$6,250$5,589$4,991$4,450$3,963$2,885
12 years$5,671$5,017$4,429$3,903$3,434$2,416
13 years$5,181$4,534$3,957$3,446$2,995$2,034
14 years$4,761$4,121$3,555$3,059$2,625$1,720
15 years$4,398$3,764$3,210$2,728$2,311$1,461
16 years$4,080$3,454$2,910$2,443$2,043$1,244
17 years$3,800$3,181$2,648$2,195$1,811$1,062
18 years$3,552$2,939$2,418$1,978$1,611$908
19 years$3,330$2,724$2,213$1,787$1,436$779
20 years$3,130$2,531$2,031$1,619$1,282$668
21 years$2,950$2,358$1,868$1,469$1,147$575
22 years$2,786$2,201$1,722$1,336$1,029$495
23 years$2,637$2,058$1,590$1,216$923$426
24 years$2,500$1,929$1,470$1,109$830$367
25 years$2,374$1,810$1,362$1,013$747$317
26 years$2,259$1,701$1,263$926$673$274
27 years$2,152$1,601$1,173$848$606$236
28 years$2,053$1,509$1,090$777$547$204
29 years$1,961$1,423$1,015$712$494$176
30 years$1,875$1,344$945$654$446$153
31 years$1,795$1,271$881$601$404$132
32 years$1,720$1,202$822$552$365$114
33 years$1,649$1,138$768$508$330$99
34 years$1,583$1,079$717$467$299$86
35 years$1,521$1,023$670$430$271$74
36 years$1,463$971$627$396$246$64
37 years$1,408$923$587$365$223$55
38 years$1,355$877$550$336$202$48
39 years$1,306$834$515$310$183$42
40 years$1,259$793$483$286$166$36
41 years$1,215$755$453$264$151$31
42 years$1,173$719$425$243$137$27
43 years$1,132$685$398$225$124$23
44 years$1,094$653$374$208$113$20
45 years$1,058$623$351$192$102$18
46 years$1,023$594$330$177$93$15
47 years$990$567$310$164$84$13
48 years$958$541$291$151$76$11
49 years$928$517$274$140$69$10
50 years$899$494$257$129$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $921,000, adding $2,670 every year, while hoping to spend $36,538 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: 53/24/23 Blend
54$921,000$921,000$921,000$921,000
55$1,017,696$968,883$954,608$1,065,034
56$1,082,625$977,482$947,711$1,106,543
57$1,152,952$985,278$939,358$1,147,685
58$1,229,189$992,193$929,463$1,191,694
59$1,311,900$998,143$917,933$1,238,855
60$1,401,702$1,003,042$904,673$1,289,485
61$1,499,279$1,006,793$889,582$1,343,935
62$1,605,378$1,009,299$872,556$1,402,592
63$1,720,824$1,010,452$853,484$1,465,885
64$1,846,525$1,010,141$832,252$1,534,288
65$1,983,477$1,008,244$808,739$1,608,325
66$2,132,779$1,004,636$782,820$1,688,576
67$2,295,641$999,181$754,362$1,775,682
68$2,473,391$991,736$723,229$1,870,351
69$2,667,496$982,150$689,276$1,973,366
70$2,879,567$970,262$652,353$2,085,593
71$3,111,378$955,900$612,302$2,207,988
72$3,364,884$938,885$568,960$2,341,607
73$3,642,237$919,024$522,154$2,487,620
74$3,945,804$896,116$471,706$2,647,315
75$4,278,195$869,945$417,427$2,822,117
76$4,642,283$840,284$359,123$3,013,602
77$5,041,230$806,892$296,588$3,223,507
78$5,478,522$769,516$229,609$3,453,753
79$5,957,994$727,885$157,964$3,706,461
80$6,483,873$681,716$81,420$3,983,971
81$7,060,815$630,706$0$4,288,869
82$7,693,945$574,537$0$4,624,075
83$8,388,911$512,874$0$5,014,003
84$9,151,935$445,360$0$5,442,193
85$9,989,869$371,619$0$5,912,552
86$10,910,263$291,255$0$6,429,391
87$11,921,431$203,848$0$6,997,458
88$13,032,535$108,955$0$7,621,994
89$14,253,669$6,109$0$8,308,774
90$15,595,950$0$0$9,064,168
91$17,071,629$0$0$9,922,977
92$18,694,201$0$0$10,869,149
93$20,478,535$0$0$11,909,751
94$22,441,013$0$0$13,054,352
95$24,599,685$0$0$14,313,490
96$26,974,436$0$0$15,698,780
97$29,587,178$0$0$17,223,017
98$32,462,052$0$0$18,900,299
99$35,625,658$0$0$20,746,161
100$39,107,305$0$0$22,777,719