Can I retire at age 55 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$76,220$75,542$74,879$74,233$73,601$71,561
2 years$37,733$37,030$36,349$35,689$35,048$33,008
3 years$24,905$24,200$23,520$22,866$22,236$20,259
4 years$18,493$17,789$17,117$16,474$15,859$13,961
5 years$14,646$13,947$13,283$12,653$12,056$10,242
6 years$12,083$11,389$10,735$10,119$9,539$7,812
7 years$10,253$9,564$8,921$8,319$7,758$6,117
8 years$8,880$8,198$7,565$6,979$6,436$4,880
9 years$7,814$7,138$6,516$5,945$5,420$3,947
10 years$6,961$6,292$5,681$5,124$4,618$3,227
11 years$6,264$5,601$5,001$4,460$3,972$2,660
12 years$5,683$5,027$4,439$3,912$3,442$2,207
13 years$5,192$4,543$3,966$3,453$3,001$1,841
14 years$4,772$4,130$3,563$3,066$2,631$1,542
15 years$4,407$3,773$3,217$2,734$2,317$1,297
16 years$4,089$3,461$2,917$2,448$2,047$1,093
17 years$3,809$3,188$2,654$2,199$1,815$924
18 years$3,560$2,946$2,423$1,982$1,614$782
19 years$3,337$2,730$2,218$1,791$1,439$664
20 years$3,137$2,537$2,036$1,622$1,285$564
21 years$2,956$2,363$1,872$1,472$1,150$479
22 years$2,792$2,206$1,726$1,339$1,031$408
23 years$2,642$2,063$1,593$1,219$925$348
24 years$2,505$1,933$1,474$1,112$832$296
25 years$2,380$1,814$1,365$1,015$748$253
26 years$2,264$1,705$1,266$928$674$216
27 years$2,157$1,604$1,175$850$608$184
28 years$2,057$1,512$1,093$779$548$157
29 years$1,965$1,426$1,017$714$495$135
30 years$1,879$1,347$947$655$447$115
31 years$1,799$1,273$883$602$405$98
32 years$1,723$1,205$824$553$366$84
33 years$1,653$1,141$769$509$331$72
34 years$1,587$1,081$719$468$300$62
35 years$1,525$1,026$672$431$272$53
36 years$1,466$973$629$397$246$45
37 years$1,411$925$588$366$223$39
38 years$1,358$879$551$337$202$33
39 years$1,309$836$516$311$183$28
40 years$1,262$795$484$287$166$24
41 years$1,217$757$454$264$151$21
42 years$1,175$721$426$244$137$18
43 years$1,135$687$399$225$124$15
44 years$1,097$655$375$208$113$13
45 years$1,060$624$352$192$102$11
46 years$1,025$595$331$177$93$10
47 years$992$568$311$164$84$8
48 years$961$542$292$151$77$7
49 years$930$518$274$140$70$6
50 years$901$495$258$129$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $923,000, adding $3,195 every year, while hoping to spend $32,893 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: 29/48/23 Blend
54$923,000$923,000$923,000$923,000
55$1,020,442$971,523$957,216$1,042,628
56$1,089,529$984,129$954,285$1,072,687
57$1,164,560$996,251$950,153$1,101,854
58$1,246,108$1,007,830$944,746$1,132,529
59$1,334,801$1,018,803$937,984$1,164,863
60$1,431,330$1,029,104$929,786$1,199,023
61$1,536,457$1,038,662$920,066$1,235,197
62$1,651,020$1,047,401$908,732$1,273,594
63$1,775,940$1,055,240$895,691$1,314,443
64$1,912,233$1,062,093$880,843$1,358,004
65$2,061,014$1,067,869$864,085$1,404,563
66$2,223,514$1,072,471$845,308$1,454,437
67$2,401,085$1,075,795$824,399$1,507,980
68$2,595,218$1,077,731$801,239$1,565,585
69$2,807,553$1,078,163$775,703$1,627,688
70$3,039,897$1,076,966$747,662$1,694,772
71$3,294,237$1,074,008$716,980$1,767,375
72$3,572,765$1,069,150$683,514$1,846,093
73$3,877,892$1,062,244$647,117$1,931,586
74$4,212,274$1,053,131$607,633$2,024,587
75$4,578,837$1,041,645$564,899$2,125,909
76$4,980,801$1,027,608$518,746$2,236,451
77$5,421,716$1,010,834$468,997$2,357,212
78$5,905,490$991,124$415,467$2,489,296
79$6,436,427$968,267$357,963$2,633,928
80$7,019,271$942,040$296,283$2,792,462
81$7,659,243$912,207$230,215$2,966,399
82$8,362,100$878,518$159,541$3,157,401
83$9,134,178$840,710$84,030$3,367,305
84$9,982,461$798,502$3,442$3,598,146
85$10,914,643$751,598$0$3,852,173
86$11,939,196$699,687$0$4,152,136
87$13,065,459$642,436$0$4,482,746
88$14,303,717$579,497$0$4,846,268
89$15,665,304$510,500$0$5,246,136
90$17,162,704$435,053$0$5,686,144
91$18,809,675$352,746$0$6,170,479
92$20,621,372$263,141$0$6,703,766
93$22,614,496$165,779$0$7,291,109
94$24,807,445$60,173$0$7,938,143
95$27,220,492$0$0$8,651,086
96$29,875,975$0$0$9,465,429
97$32,798,506$0$0$10,396,817
98$36,015,203$0$0$11,422,134
99$39,555,947$0$0$12,550,925
100$43,453,664$0$0$13,793,711