Can I retire at age 55 with 925,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.7%
1 years$76,386$75,705$75,041$74,393$73,761$72,629
2 years$37,815$37,110$36,428$35,766$35,124$33,986
3 years$24,959$24,252$23,571$22,916$22,284$21,176
4 years$18,533$17,828$17,154$16,509$15,893$14,823
5 years$14,678$13,977$13,312$12,681$12,082$11,053
6 years$12,109$11,413$10,758$10,141$9,560$8,574
7 years$10,275$9,585$8,940$8,337$7,775$6,831
8 years$8,900$8,216$7,582$6,994$6,450$5,549
9 years$7,831$7,154$6,530$5,957$5,432$4,573
10 years$6,976$6,306$5,693$5,135$4,628$3,811
11 years$6,277$5,613$5,012$4,469$3,980$3,204
12 years$5,695$5,038$4,448$3,920$3,449$2,713
13 years$5,203$4,553$3,974$3,461$3,008$2,310
14 years$4,782$4,139$3,571$3,072$2,637$1,976
15 years$4,417$3,781$3,224$2,740$2,322$1,698
16 years$4,098$3,469$2,923$2,453$2,052$1,463
17 years$3,817$3,195$2,660$2,204$1,819$1,264
18 years$3,567$2,952$2,428$1,986$1,618$1,095
19 years$3,344$2,736$2,223$1,795$1,442$951
20 years$3,144$2,542$2,040$1,626$1,288$827
21 years$2,963$2,368$1,876$1,475$1,152$720
22 years$2,798$2,211$1,729$1,341$1,033$628
23 years$2,648$2,067$1,597$1,222$927$548
24 years$2,511$1,937$1,477$1,114$833$479
25 years$2,385$1,818$1,368$1,018$750$419
26 years$2,269$1,708$1,269$930$676$366
27 years$2,161$1,608$1,178$852$609$321
28 years$2,062$1,515$1,095$780$550$281
29 years$1,969$1,429$1,019$716$496$246
30 years$1,883$1,350$949$657$448$216
31 years$1,802$1,276$885$603$405$189
32 years$1,727$1,207$826$554$367$166
33 years$1,657$1,143$771$510$332$146
34 years$1,590$1,084$720$469$300$128
35 years$1,528$1,028$673$432$272$112
36 years$1,469$976$630$398$247$99
37 years$1,414$927$590$366$223$87
38 years$1,361$881$552$338$203$76
39 years$1,312$837$517$311$184$67
40 years$1,265$797$485$287$167$59
41 years$1,220$758$455$265$151$52
42 years$1,178$722$426$245$137$45
43 years$1,137$688$400$226$125$40
44 years$1,099$656$376$208$113$35
45 years$1,062$626$353$192$103$31
46 years$1,028$597$331$178$93$27
47 years$994$569$311$164$85$24
48 years$963$544$292$152$77$21
49 years$932$519$275$140$70$18
50 years$903$496$258$130$63$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $925,000, adding $2,257 every year, while hoping to spend $44,250 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: 65/20/15 Blend
54$925,000$925,000$925,000$925,000
55$1,021,678$972,653$958,316$1,084,265
56$1,078,808$973,231$943,338$1,126,994
57$1,140,281$972,355$926,375$1,168,335
58$1,206,495$969,906$907,314$1,212,419
59$1,277,885$965,759$886,036$1,259,515
60$1,354,930$959,781$862,418$1,309,918
61$1,438,153$951,831$836,330$1,363,956
62$1,528,134$941,760$807,636$1,421,988
63$1,625,506$929,409$776,195$1,484,415
64$1,730,968$914,610$741,857$1,551,679
65$1,845,286$897,185$704,468$1,624,267
66$1,969,304$876,945$663,867$1,702,720
67$2,103,949$853,692$619,883$1,787,633
68$2,250,242$827,213$572,339$1,879,666
69$2,409,305$797,285$521,051$1,979,548
70$2,582,373$763,671$465,825$2,088,083
71$2,770,805$726,121$406,460$2,206,161
72$2,976,095$684,368$342,744$2,334,765
73$3,199,889$638,134$274,458$2,474,980
74$3,443,997$587,122$201,372$2,628,006
75$3,710,412$531,019$123,245$2,795,167
76$4,001,328$469,493$39,828$2,977,927
77$4,319,159$402,194$0$3,177,902
78$4,666,565$328,753$0$3,404,750
79$5,046,473$248,780$0$3,659,882
80$5,462,104$161,861$0$3,939,139
81$5,917,007$67,561$0$4,244,972
82$6,415,091$0$0$4,580,082
83$6,960,657$0$0$4,955,060
84$7,558,445$0$0$5,382,283
85$8,213,672$0$0$5,850,620
86$8,932,088$0$0$6,364,187
87$9,720,021$0$0$6,927,516
88$10,584,445$0$0$7,545,603
89$11,533,038$0$0$8,223,945
90$12,574,262$0$0$8,968,602
91$13,717,432$0$0$9,786,248
92$14,972,815$0$0$10,684,233
93$16,351,718$0$0$11,670,656
94$17,866,596$0$0$12,754,438
95$19,531,173$0$0$13,945,407
96$21,360,565$0$0$15,254,390
97$23,371,427$0$0$16,693,316
98$25,582,108$0$0$18,275,326
99$28,012,823$0$0$20,014,899
100$30,685,842$0$0$21,927,986