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%19.6%
1 years$76,303$75,623$74,960$74,313$73,681$70,842
2 years$37,774$37,070$36,388$35,727$35,086$32,259
3 years$24,932$24,226$23,546$22,891$22,260$19,535
4 years$18,513$17,809$17,135$16,492$15,876$13,273
5 years$14,662$13,962$13,298$12,667$12,069$9,595
6 years$12,096$11,401$10,747$10,130$9,550$7,206
7 years$10,264$9,575$8,930$8,328$7,766$5,553
8 years$8,890$8,207$7,574$6,987$6,443$4,357
9 years$7,822$7,146$6,523$5,951$5,426$3,465
10 years$6,968$6,299$5,687$5,130$4,623$2,783
11 years$6,270$5,607$5,007$4,464$3,976$2,253
12 years$5,689$5,033$4,443$3,916$3,446$1,835
13 years$5,198$4,548$3,970$3,457$3,005$1,502
14 years$4,777$4,134$3,567$3,069$2,634$1,234
15 years$4,412$3,777$3,221$2,737$2,319$1,017
16 years$4,094$3,465$2,920$2,451$2,050$840
17 years$3,813$3,191$2,657$2,202$1,817$696
18 years$3,564$2,949$2,425$1,984$1,616$577
19 years$3,341$2,733$2,220$1,793$1,440$479
20 years$3,140$2,540$2,038$1,624$1,286$398
21 years$2,959$2,366$1,874$1,474$1,151$331
22 years$2,795$2,208$1,728$1,340$1,032$276
23 years$2,645$2,065$1,595$1,220$926$230
24 years$2,508$1,935$1,475$1,113$833$192
25 years$2,382$1,816$1,366$1,017$749$160
26 years$2,266$1,707$1,267$929$675$134
27 years$2,159$1,606$1,177$851$608$112
28 years$2,059$1,513$1,094$779$549$93
29 years$1,967$1,428$1,018$715$496$78
30 years$1,881$1,348$948$656$448$65
31 years$1,800$1,275$884$602$405$54
32 years$1,725$1,206$825$554$366$45
33 years$1,655$1,142$770$509$332$38
34 years$1,589$1,083$720$468$300$32
35 years$1,526$1,027$673$431$272$26
36 years$1,468$975$629$397$246$22
37 years$1,412$926$589$366$223$18
38 years$1,360$880$552$337$202$15
39 years$1,310$836$517$311$184$13
40 years$1,263$796$484$287$166$11
41 years$1,219$758$454$265$151$9
42 years$1,176$721$426$244$137$8
43 years$1,136$687$400$225$124$6
44 years$1,098$655$375$208$113$5
45 years$1,061$625$352$192$102$4
46 years$1,027$596$331$178$93$4
47 years$993$569$311$164$84$3
48 years$962$543$292$152$77$3
49 years$931$519$275$140$70$2
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 $6,408 every year, while hoping to spend $22,702 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: 23/49/28 Blend
54$924,000$924,000$924,000$924,000
55$1,024,858$975,886$961,564$1,039,257
56$1,105,239$999,550$969,621$1,075,874
57$1,193,057$1,023,612$977,188$1,112,734
58$1,289,049$1,048,068$984,224$1,151,716
59$1,394,022$1,072,914$990,685$1,193,009
60$1,508,867$1,098,141$996,528$1,236,823
61$1,634,565$1,123,744$1,001,705$1,283,389
62$1,772,195$1,149,712$1,006,167$1,332,963
63$1,922,948$1,176,037$1,009,862$1,385,825
64$2,088,132$1,202,706$1,012,736$1,442,286
65$2,269,189$1,229,706$1,014,731$1,502,688
66$2,467,708$1,257,024$1,015,786$1,567,409
67$2,685,439$1,284,643$1,015,840$1,636,866
68$2,924,309$1,312,545$1,014,825$1,711,519
69$3,186,439$1,340,710$1,012,672$1,791,875
70$3,474,167$1,369,116$1,009,308$1,878,495
71$3,790,069$1,397,740$1,004,657$1,971,998
72$4,136,982$1,426,555$998,639$2,073,065
73$4,518,030$1,455,532$991,169$2,182,449
74$4,936,656$1,484,640$982,160$2,300,982
75$5,396,652$1,513,845$971,519$2,429,580
76$5,902,196$1,543,108$959,151$2,569,256
77$6,457,890$1,572,391$944,953$2,721,126
78$7,068,806$1,601,650$928,820$2,886,422
79$7,740,530$1,630,836$910,641$3,066,505
80$8,479,218$1,659,901$890,301$3,262,874
81$9,291,649$1,688,787$867,677$3,477,185
82$10,185,297$1,717,437$842,644$3,711,265
83$11,168,392$1,745,787$815,068$3,967,129
84$12,250,006$1,773,767$784,810$4,247,001
85$13,440,130$1,801,306$751,725$4,553,335
86$14,749,777$1,828,324$715,662$4,888,835
87$16,191,079$1,854,736$676,461$5,256,490
88$17,777,404$1,880,453$633,957$5,659,591
89$19,523,481$1,905,377$587,976$6,101,774
90$21,445,540$1,929,405$538,337$6,587,046
91$23,561,465$1,952,426$484,852$7,119,828
92$25,890,962$1,974,322$427,322$7,704,997
93$28,455,744$1,994,967$365,541$8,347,932
94$31,279,736$2,014,227$299,293$9,054,567
95$34,389,303$2,031,958$228,353$9,831,444
96$37,813,496$2,048,008$152,487$10,685,780
97$41,584,325$2,062,213$71,448$11,625,534
98$45,737,066$2,074,401$0$12,659,485
99$50,310,586$2,084,386$0$13,801,803
100$55,347,719$2,091,974$0$15,081,743