Can I retire at age 55 with 924,000?

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 $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$76,303$75,623$74,960$74,313$73,681$70,982
2 years$37,774$37,070$36,388$35,727$35,086$32,397
3 years$24,932$24,226$23,546$22,891$22,260$19,665
4 years$18,513$17,809$17,135$16,492$15,876$13,396
5 years$14,662$13,962$13,298$12,667$12,069$9,709
6 years$12,096$11,401$10,747$10,130$9,550$7,312
7 years$10,264$9,575$8,930$8,328$7,766$5,651
8 years$8,890$8,207$7,574$6,987$6,443$4,447
9 years$7,822$7,146$6,523$5,951$5,426$3,547
10 years$6,968$6,299$5,687$5,130$4,623$2,859
11 years$6,270$5,607$5,007$4,464$3,976$2,322
12 years$5,689$5,033$4,443$3,916$3,446$1,897
13 years$5,198$4,548$3,970$3,457$3,005$1,558
14 years$4,777$4,134$3,567$3,069$2,634$1,284
15 years$4,412$3,777$3,221$2,737$2,319$1,062
16 years$4,094$3,465$2,920$2,451$2,050$881
17 years$3,813$3,191$2,657$2,202$1,817$732
18 years$3,564$2,949$2,425$1,984$1,616$609
19 years$3,341$2,733$2,220$1,793$1,440$508
20 years$3,140$2,540$2,038$1,624$1,286$424
21 years$2,959$2,366$1,874$1,474$1,151$354
22 years$2,795$2,208$1,728$1,340$1,032$296
23 years$2,645$2,065$1,595$1,220$926$248
24 years$2,508$1,935$1,475$1,113$833$207
25 years$2,382$1,816$1,366$1,017$749$174
26 years$2,266$1,707$1,267$929$675$146
27 years$2,159$1,606$1,177$851$608$122
28 years$2,059$1,513$1,094$779$549$102
29 years$1,967$1,428$1,018$715$496$86
30 years$1,881$1,348$948$656$448$72
31 years$1,800$1,275$884$602$405$60
32 years$1,725$1,206$825$554$366$51
33 years$1,655$1,142$770$509$332$43
34 years$1,589$1,083$720$468$300$36
35 years$1,526$1,027$673$431$272$30
36 years$1,468$975$629$397$246$25
37 years$1,412$926$589$366$223$21
38 years$1,360$880$552$337$202$18
39 years$1,310$836$517$311$184$15
40 years$1,263$796$484$287$166$12
41 years$1,219$758$454$265$151$10
42 years$1,176$721$426$244$137$9
43 years$1,136$687$400$225$124$7
44 years$1,098$655$375$208$113$6
45 years$1,061$625$352$192$102$5
46 years$1,027$596$331$178$93$4
47 years$993$569$311$164$84$4
48 years$962$543$292$152$77$3
49 years$931$519$275$140$70$3
50 years$902$495$258$130$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $924,000, adding $3,795 every year, while hoping to spend $39,699 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: 64/16/20 Blend
54$924,000$924,000$924,000$924,000
55$1,022,163$973,191$958,869$1,082,137
56$1,084,184$978,637$948,751$1,128,386
57$1,151,200$983,021$936,964$1,174,057
58$1,223,680$986,246$923,410$1,223,025
59$1,302,138$988,214$907,986$1,275,615
60$1,387,137$988,818$890,586$1,332,184
61$1,479,301$987,946$871,096$1,393,131
62$1,579,311$985,477$849,399$1,458,891
63$1,687,920$981,284$825,373$1,529,948
64$1,805,953$975,233$798,888$1,606,837
65$1,934,321$967,180$769,812$1,690,147
66$2,074,023$956,973$738,002$1,780,528
67$2,226,161$944,452$703,312$1,878,701
68$2,391,945$929,446$665,589$1,985,458
69$2,572,709$911,774$624,672$2,101,678
70$2,769,919$891,245$580,392$2,228,327
71$2,985,191$867,656$532,575$2,366,475
72$3,220,302$840,793$481,038$2,517,302
73$3,477,209$810,427$425,589$2,682,109
74$3,758,066$776,320$366,028$2,862,336
75$4,065,245$738,216$302,146$3,059,570
76$4,401,358$695,847$233,726$3,275,561
77$4,769,280$648,927$160,539$3,512,244
78$5,172,178$597,156$82,349$3,771,753
79$5,613,540$540,216$0$4,056,442
80$6,097,205$477,771$0$4,369,144
81$6,627,403$409,465$0$4,731,263
82$7,208,793$334,923$0$5,128,427
83$7,846,504$253,748$0$5,564,189
84$8,546,187$165,522$0$6,042,464
85$9,314,067$69,801$0$6,567,567
86$10,157,001$0$0$7,144,254
87$11,082,540$0$0$7,783,735
88$12,099,004$0$0$8,499,601
89$13,215,558$0$0$9,286,026
90$14,442,297$0$0$10,150,130
91$15,790,345$0$0$11,099,755
92$17,271,954$0$0$12,143,543
93$18,900,624$0$0$13,291,014
94$20,691,226$0$0$14,552,654
95$22,660,146$0$0$15,940,019
96$24,825,435$0$0$17,465,841
97$27,206,984$0$0$19,144,143
98$29,826,705$0$0$20,990,382
99$32,708,744$0$0$23,021,583
100$35,879,701$0$0$25,256,508