Can I retire at age 55 with 921,000?

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 $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%16.7%
1 years$76,055$75,378$74,717$74,072$73,442$71,435
2 years$37,651$36,950$36,270$35,611$34,972$32,965
3 years$24,851$24,147$23,469$22,817$22,188$20,243
4 years$18,453$17,751$17,080$16,438$15,825$13,957
5 years$14,615$13,917$13,255$12,626$12,030$10,245
6 years$12,057$11,364$10,712$10,097$9,519$7,818
7 years$10,230$9,544$8,901$8,301$7,741$6,125
8 years$8,861$8,181$7,549$6,964$6,422$4,889
9 years$7,797$7,123$6,502$5,932$5,408$3,957
10 years$6,946$6,278$5,669$5,113$4,608$3,237
11 years$6,250$5,589$4,991$4,450$3,963$2,670
12 years$5,671$5,017$4,429$3,903$3,434$2,217
13 years$5,181$4,534$3,957$3,446$2,995$1,851
14 years$4,761$4,121$3,555$3,059$2,625$1,551
15 years$4,398$3,764$3,210$2,728$2,311$1,305
16 years$4,080$3,454$2,910$2,443$2,043$1,101
17 years$3,800$3,181$2,648$2,195$1,811$931
18 years$3,552$2,939$2,418$1,978$1,611$789
19 years$3,330$2,724$2,213$1,787$1,436$670
20 years$3,130$2,531$2,031$1,619$1,282$569
21 years$2,950$2,358$1,868$1,469$1,147$485
22 years$2,786$2,201$1,722$1,336$1,029$413
23 years$2,637$2,058$1,590$1,216$923$352
24 years$2,500$1,929$1,470$1,109$830$300
25 years$2,374$1,810$1,362$1,013$747$257
26 years$2,259$1,701$1,263$926$673$219
27 years$2,152$1,601$1,173$848$606$187
28 years$2,053$1,509$1,090$777$547$160
29 years$1,961$1,423$1,015$712$494$137
30 years$1,875$1,344$945$654$446$117
31 years$1,795$1,271$881$601$404$100
32 years$1,720$1,202$822$552$365$86
33 years$1,649$1,138$768$508$330$73
34 years$1,583$1,079$717$467$299$63
35 years$1,521$1,023$670$430$271$54
36 years$1,463$971$627$396$246$46
37 years$1,408$923$587$365$223$39
38 years$1,355$877$550$336$202$34
39 years$1,306$834$515$310$183$29
40 years$1,259$793$483$286$166$25
41 years$1,215$755$453$264$151$21
42 years$1,173$719$425$243$137$18
43 years$1,132$685$398$225$124$16
44 years$1,094$653$374$208$113$13
45 years$1,058$623$351$192$102$11
46 years$1,023$594$330$177$93$10
47 years$990$567$310$164$84$8
48 years$958$541$291$151$76$7
49 years$928$517$274$140$69$6
50 years$899$494$257$129$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $921,000, adding $4,504 every year, while hoping to spend $49,616 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: 57/17/26 Blend
54$921,000$921,000$921,000$921,000
55$1,019,588$970,775$956,499$1,070,234
56$1,070,795$965,552$935,751$1,100,210
57$1,125,562$958,410$912,645$1,127,254
58$1,184,200$949,203$887,049$1,155,696
59$1,247,050$937,775$858,827$1,185,686
60$1,314,485$923,962$827,834$1,217,391
61$1,386,916$907,590$793,920$1,250,997
62$1,464,794$888,474$756,928$1,286,712
63$1,548,612$866,418$716,694$1,324,767
64$1,638,913$841,216$673,046$1,365,422
65$1,736,294$812,647$625,805$1,408,962
66$1,841,409$780,480$574,783$1,455,707
67$1,954,978$744,469$519,783$1,506,015
68$2,077,793$704,355$460,603$1,560,279
69$2,210,722$659,862$397,027$1,618,941
70$2,354,720$610,700$328,833$1,682,488
71$2,510,840$556,563$255,787$1,751,463
72$2,680,236$497,125$177,646$1,826,470
73$2,864,179$432,043$94,156$1,908,176
74$3,064,067$360,954$5,052$1,997,325
75$3,281,437$283,476$0$2,094,740
76$3,517,981$199,204$0$2,226,312
77$3,775,561$107,711$0$2,371,193
78$4,056,224$8,545$0$2,529,187
79$4,362,225$0$0$2,701,625
80$4,696,044$0$0$2,908,449
81$5,060,413$0$0$3,136,022
82$5,458,336$0$0$3,384,631
83$5,893,123$0$0$3,656,353
84$6,368,416$0$0$3,953,475
85$6,888,227$0$0$4,278,515
86$7,456,970$0$0$4,634,246
87$8,079,509$0$0$5,023,719
88$8,761,197$0$0$5,450,297
89$9,507,931$0$0$5,917,683
90$10,326,205$0$0$6,429,952
91$11,223,169$0$0$6,991,596
92$12,206,700$0$0$7,607,561
93$13,285,472$0$0$8,283,292
94$14,469,040$0$0$9,024,790
95$15,767,928$0$0$9,838,664
96$17,193,729$0$0$10,732,194
97$18,759,211$0$0$11,713,398
98$20,478,443$0$0$12,791,111
99$22,366,918$0$0$13,975,063
100$24,441,707$0$0$15,275,974