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%18.6%
1 years$76,055$75,378$74,717$74,072$73,442$70,892
2 years$37,651$36,950$36,270$35,611$34,972$32,430
3 years$24,851$24,147$23,469$22,817$22,188$19,733
4 years$18,453$17,751$17,080$16,438$15,825$13,476
5 years$14,615$13,917$13,255$12,626$12,030$9,793
6 years$12,057$11,364$10,712$10,097$9,519$7,396
7 years$10,230$9,544$8,901$8,301$7,741$5,732
8 years$8,861$8,181$7,549$6,964$6,422$4,524
9 years$7,797$7,123$6,502$5,932$5,408$3,620
10 years$6,946$6,278$5,669$5,113$4,608$2,926
11 years$6,250$5,589$4,991$4,450$3,963$2,384
12 years$5,671$5,017$4,429$3,903$3,434$1,955
13 years$5,181$4,534$3,957$3,446$2,995$1,611
14 years$4,761$4,121$3,555$3,059$2,625$1,333
15 years$4,398$3,764$3,210$2,728$2,311$1,106
16 years$4,080$3,454$2,910$2,443$2,043$921
17 years$3,800$3,181$2,648$2,195$1,811$768
18 years$3,552$2,939$2,418$1,978$1,611$642
19 years$3,330$2,724$2,213$1,787$1,436$537
20 years$3,130$2,531$2,031$1,619$1,282$450
21 years$2,950$2,358$1,868$1,469$1,147$377
22 years$2,786$2,201$1,722$1,336$1,029$317
23 years$2,637$2,058$1,590$1,216$923$266
24 years$2,500$1,929$1,470$1,109$830$224
25 years$2,374$1,810$1,362$1,013$747$188
26 years$2,259$1,701$1,263$926$673$158
27 years$2,152$1,601$1,173$848$606$133
28 years$2,053$1,509$1,090$777$547$112
29 years$1,961$1,423$1,015$712$494$94
30 years$1,875$1,344$945$654$446$79
31 years$1,795$1,271$881$601$404$67
32 years$1,720$1,202$822$552$365$56
33 years$1,649$1,138$768$508$330$48
34 years$1,583$1,079$717$467$299$40
35 years$1,521$1,023$670$430$271$34
36 years$1,463$971$627$396$246$28
37 years$1,408$923$587$365$223$24
38 years$1,355$877$550$336$202$20
39 years$1,306$834$515$310$183$17
40 years$1,259$793$483$286$166$14
41 years$1,215$755$453$264$151$12
42 years$1,173$719$425$243$137$10
43 years$1,132$685$398$225$124$9
44 years$1,094$653$374$208$113$7
45 years$1,058$623$351$192$102$6
46 years$1,023$594$330$177$93$5
47 years$990$567$310$164$84$4
48 years$958$541$291$151$76$4
49 years$928$517$274$140$69$3
50 years$899$494$257$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $921,000, adding $4,576 every year, while hoping to spend $46,567 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: 76/18/6 Blend
54$921,000$921,000$921,000$921,000
55$1,019,662$970,849$956,574$1,096,203
56$1,074,121$968,874$939,072$1,145,150
57$1,132,573$965,241$919,423$1,192,338
58$1,195,378$959,820$897,506$1,242,699
59$1,262,929$952,473$873,195$1,296,525
60$1,335,656$943,053$846,356$1,354,145
61$1,414,036$931,405$816,851$1,415,916
62$1,498,587$917,364$784,535$1,482,235
63$1,589,882$900,754$749,256$1,553,539
64$1,688,551$881,391$710,857$1,630,310
65$1,795,283$859,080$669,171$1,713,079
66$1,910,839$833,612$624,025$1,802,433
67$2,036,053$804,767$575,238$1,899,019
68$2,171,844$772,314$522,622$2,003,550
69$2,319,221$736,007$465,979$2,116,813
70$2,479,295$695,584$405,103$2,239,677
71$2,653,287$650,772$339,778$2,373,100
72$2,842,541$601,279$269,779$2,518,137
73$3,048,535$546,797$194,872$2,675,956
74$3,272,897$487,001$114,811$2,847,842
75$3,517,416$421,547$29,341$3,035,213
76$3,784,062$350,073$0$3,239,636
77$4,075,004$272,194$0$3,466,797
78$4,392,629$187,506$0$3,716,902
79$4,739,564$95,580$0$3,990,190
80$5,118,701$0$0$4,289,000
81$5,533,224$0$0$4,616,706
82$5,986,640$0$0$4,995,900
83$6,482,809$0$0$5,410,884
84$7,025,982$0$0$5,865,215
85$7,620,838$0$0$6,362,815
86$8,272,533$0$0$6,908,000
87$8,986,744$0$0$7,505,523
88$9,769,723$0$0$8,160,620
89$10,628,355$0$0$8,879,057
90$11,570,224$0$0$9,667,185
91$12,603,683$0$0$10,532,000
92$13,737,934$0$0$11,481,208
93$14,983,112$0$0$12,523,295
94$16,350,382$0$0$13,667,611
95$17,852,041$0$0$14,924,457
96$19,501,638$0$0$16,305,177
97$21,314,097$0$0$17,822,271
98$23,305,861$0$0$19,489,509
99$25,495,044$0$0$21,322,060
100$27,901,600$0$0$23,336,637