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%15.3%
1 years$76,220$75,542$74,879$74,233$73,601$71,998
2 years$37,733$37,030$36,349$35,689$35,048$33,441
3 years$24,905$24,200$23,520$22,866$22,236$20,675
4 years$18,493$17,789$17,117$16,474$15,859$14,356
5 years$14,646$13,947$13,283$12,653$12,056$10,615
6 years$12,083$11,389$10,735$10,119$9,539$8,163
7 years$10,253$9,564$8,921$8,319$7,758$6,446
8 years$8,880$8,198$7,565$6,979$6,436$5,188
9 years$7,814$7,138$6,516$5,945$5,420$4,235
10 years$6,961$6,292$5,681$5,124$4,618$3,494
11 years$6,264$5,601$5,001$4,460$3,972$2,908
12 years$5,683$5,027$4,439$3,912$3,442$2,437
13 years$5,192$4,543$3,966$3,453$3,001$2,053
14 years$4,772$4,130$3,563$3,066$2,631$1,738
15 years$4,407$3,773$3,217$2,734$2,317$1,476
16 years$4,089$3,461$2,917$2,448$2,047$1,258
17 years$3,809$3,188$2,654$2,199$1,815$1,075
18 years$3,560$2,946$2,423$1,982$1,614$920
19 years$3,337$2,730$2,218$1,791$1,439$789
20 years$3,137$2,537$2,036$1,622$1,285$678
21 years$2,956$2,363$1,872$1,472$1,150$583
22 years$2,792$2,206$1,726$1,339$1,031$503
23 years$2,642$2,063$1,593$1,219$925$433
24 years$2,505$1,933$1,474$1,112$832$374
25 years$2,380$1,814$1,365$1,015$748$323
26 years$2,264$1,705$1,266$928$674$279
27 years$2,157$1,604$1,175$850$608$241
28 years$2,057$1,512$1,093$779$548$208
29 years$1,965$1,426$1,017$714$495$180
30 years$1,879$1,347$947$655$447$156
31 years$1,799$1,273$883$602$405$135
32 years$1,723$1,205$824$553$366$117
33 years$1,653$1,141$769$509$331$101
34 years$1,587$1,081$719$468$300$88
35 years$1,525$1,026$672$431$272$76
36 years$1,466$973$629$397$246$66
37 years$1,411$925$588$366$223$57
38 years$1,358$879$551$337$202$49
39 years$1,309$836$516$311$183$43
40 years$1,262$795$484$287$166$37
41 years$1,217$757$454$264$151$32
42 years$1,175$721$426$244$137$28
43 years$1,135$687$399$225$124$24
44 years$1,097$655$375$208$113$21
45 years$1,060$624$352$192$102$18
46 years$1,025$595$331$177$93$16
47 years$992$568$311$164$84$14
48 years$961$542$292$151$77$12
49 years$930$518$274$140$70$10
50 years$901$495$258$129$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $923,000, adding $2,369 every year, while hoping to spend $35,872 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: 56/25/19 Blend
54$923,000$923,000$923,000$923,000
55$1,019,590$970,671$956,364$1,071,379
56$1,085,420$980,066$950,235$1,116,340
57$1,156,763$988,719$942,698$1,161,248
58$1,234,143$996,557$933,668$1,209,377
59$1,318,137$1,003,499$923,057$1,261,045
60$1,409,378$1,009,462$910,771$1,316,602
61$1,508,565$1,014,355$896,712$1,376,438
62$1,616,465$1,018,085$880,778$1,440,981
63$1,733,922$1,020,549$862,862$1,510,705
64$1,861,866$1,021,641$842,852$1,586,132
65$2,001,320$1,021,245$820,631$1,667,841
66$2,153,409$1,019,240$796,077$1,756,471
67$2,319,372$1,015,497$769,060$1,852,727
68$2,500,571$1,009,880$739,447$1,957,389
69$2,698,509$1,002,243$707,098$2,071,317
70$2,914,836$992,433$671,865$2,195,463
71$3,151,374$980,286$633,597$2,330,875
72$3,410,123$965,630$592,132$2,478,713
73$3,693,290$948,281$547,303$2,640,259
74$4,003,304$928,044$498,935$2,816,924
75$4,342,838$904,715$446,846$3,010,269
76$4,714,836$878,075$390,845$3,222,018
77$5,122,543$847,895$330,732$3,454,073
78$5,569,531$813,929$266,300$3,708,533
79$6,059,732$775,921$197,330$3,987,715
80$6,597,480$733,597$123,596$4,294,178
81$7,187,548$686,668$44,861$4,630,744
82$7,835,192$634,829$0$5,000,530
83$8,546,203$577,757$0$5,414,912
84$9,326,959$515,111$0$5,879,969
85$10,184,488$446,530$0$6,390,836
86$11,126,529$371,633$0$6,952,190
87$12,161,610$290,018$0$7,569,188
88$13,299,124$201,259$0$8,247,514
89$14,549,421$104,907$0$8,993,438
90$15,923,903$489$0$9,813,871
91$17,435,132$0$0$10,716,434
92$19,096,945$0$0$11,740,474
93$20,924,592$0$0$12,866,946
94$22,934,871$0$0$14,106,079
95$25,146,291$0$0$15,469,295
96$27,579,246$0$0$16,969,177
97$30,256,206$0$0$18,619,591
98$33,201,928$0$0$20,435,813
99$36,443,690$0$0$22,434,676
100$40,011,550$0$0$24,634,727