Can I retire at age 55 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$76,386$75,705$75,041$74,393$73,761$72,809
2 years$37,815$37,110$36,428$35,766$35,124$34,167
3 years$24,959$24,252$23,571$22,916$22,284$21,351
4 years$18,533$17,828$17,154$16,509$15,893$14,991
5 years$14,678$13,977$13,312$12,681$12,082$11,213
6 years$12,109$11,413$10,758$10,141$9,560$8,726
7 years$10,275$9,585$8,940$8,337$7,775$6,976
8 years$8,900$8,216$7,582$6,994$6,450$5,686
9 years$7,831$7,154$6,530$5,957$5,432$4,703
10 years$6,976$6,306$5,693$5,135$4,628$3,934
11 years$6,277$5,613$5,012$4,469$3,980$3,319
12 years$5,695$5,038$4,448$3,920$3,449$2,821
13 years$5,203$4,553$3,974$3,461$3,008$2,412
14 years$4,782$4,139$3,571$3,072$2,637$2,072
15 years$4,417$3,781$3,224$2,740$2,322$1,787
16 years$4,098$3,469$2,923$2,453$2,052$1,546
17 years$3,817$3,195$2,660$2,204$1,819$1,342
18 years$3,567$2,952$2,428$1,986$1,618$1,168
19 years$3,344$2,736$2,223$1,795$1,442$1,018
20 years$3,144$2,542$2,040$1,626$1,288$889
21 years$2,963$2,368$1,876$1,475$1,152$778
22 years$2,798$2,211$1,729$1,341$1,033$681
23 years$2,648$2,067$1,597$1,222$927$597
24 years$2,511$1,937$1,477$1,114$833$524
25 years$2,385$1,818$1,368$1,018$750$461
26 years$2,269$1,708$1,269$930$676$405
27 years$2,161$1,608$1,178$852$609$356
28 years$2,062$1,515$1,095$780$550$314
29 years$1,969$1,429$1,019$716$496$276
30 years$1,883$1,350$949$657$448$244
31 years$1,802$1,276$885$603$405$215
32 years$1,727$1,207$826$554$367$189
33 years$1,657$1,143$771$510$332$167
34 years$1,590$1,084$720$469$300$147
35 years$1,528$1,028$673$432$272$130
36 years$1,469$976$630$398$247$115
37 years$1,414$927$590$366$223$101
38 years$1,361$881$552$338$203$90
39 years$1,312$837$517$311$184$79
40 years$1,265$797$485$287$167$70
41 years$1,220$758$455$265$151$62
42 years$1,178$722$426$245$137$55
43 years$1,137$688$400$226$125$48
44 years$1,099$656$376$208$113$43
45 years$1,062$626$353$192$103$38
46 years$1,028$597$331$178$93$33
47 years$994$569$311$164$85$29
48 years$963$544$292$152$77$26
49 years$932$519$275$140$70$23
50 years$903$496$258$130$63$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $925,000, adding $4,318 every year, while hoping to spend $39,357 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: 33/43/24 Blend
54$925,000$925,000$925,000$925,000
55$1,023,804$974,779$960,442$1,049,958
56$1,086,356$980,668$950,741$1,075,864
57$1,153,970$985,526$939,396$1,099,913
58$1,227,120$989,261$926,310$1,125,039
59$1,306,327$991,776$911,383$1,151,364
60$1,392,166$992,967$894,508$1,179,022
61$1,485,268$992,723$875,574$1,208,167
62$1,586,325$990,926$854,466$1,238,968
63$1,696,101$987,452$831,062$1,271,617
64$1,815,435$982,170$805,234$1,306,328
65$1,945,251$974,937$776,851$1,343,340
66$2,086,565$965,607$745,774$1,382,923
67$2,240,494$954,021$711,856$1,425,374
68$2,408,268$940,012$674,947$1,471,029
69$2,591,241$923,402$634,888$1,520,261
70$2,790,903$904,005$591,512$1,573,486
71$3,008,895$881,620$544,647$1,631,167
72$3,247,021$856,039$494,112$1,693,822
73$3,507,270$827,037$439,717$1,762,026
74$3,791,829$794,380$381,265$1,836,420
75$4,103,108$757,817$318,550$1,917,716
76$4,443,759$717,084$251,356$2,006,707
77$4,816,704$671,903$179,458$2,104,272
78$5,225,160$621,978$102,622$2,211,392
79$5,672,668$566,997$20,601$2,329,152
80$6,163,130$506,630$0$2,458,759
81$6,700,843$440,528$0$2,618,692
82$7,290,538$368,323$0$2,800,040
83$7,937,428$289,626$0$2,999,242
84$8,647,253$204,024$0$3,218,201
85$9,426,336$111,085$0$3,459,018
86$10,281,644$10,350$0$3,724,019
87$11,220,848$0$0$4,015,777
88$12,252,401$0$0$4,383,819
89$13,385,614$0$0$4,793,659
90$14,630,744$0$0$5,244,127
91$15,999,091$0$0$5,739,330
92$17,503,104$0$0$6,283,794
93$19,156,497$0$0$6,882,503
94$20,974,380$0$0$7,540,951
95$22,973,402$0$0$8,265,187
96$25,171,902$0$0$9,061,880
97$27,590,088$0$0$9,938,375
98$30,250,224$0$0$10,902,767
99$33,176,842$0$0$11,963,973
100$36,396,970$0$0$13,131,819