Can I retire at age 55 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$76,468$75,787$75,123$74,474$73,841$71,534
2 years$37,856$37,151$36,467$35,805$35,162$32,859
3 years$24,986$24,278$23,597$22,940$22,308$20,081
4 years$18,553$17,847$17,172$16,527$15,910$13,775
5 years$14,694$13,992$13,326$12,695$12,095$10,058
6 years$12,122$11,426$10,770$10,152$9,570$7,634
7 years$10,286$9,595$8,950$8,346$7,783$5,947
8 years$8,909$8,225$7,590$7,002$6,457$4,719
9 years$7,839$7,161$6,537$5,964$5,438$3,797
10 years$6,984$6,312$5,699$5,141$4,633$3,086
11 years$6,284$5,620$5,018$4,474$3,985$2,530
12 years$5,701$5,044$4,453$3,924$3,453$2,086
13 years$5,209$4,558$3,978$3,465$3,011$1,730
14 years$4,787$4,143$3,575$3,076$2,640$1,440
15 years$4,422$3,785$3,227$2,743$2,324$1,203
16 years$4,103$3,473$2,926$2,456$2,054$1,008
17 years$3,821$3,198$2,663$2,207$1,821$846
18 years$3,571$2,955$2,431$1,989$1,619$712
19 years$3,348$2,739$2,225$1,797$1,443$600
20 years$3,147$2,545$2,042$1,627$1,289$506
21 years$2,966$2,371$1,878$1,477$1,154$427
22 years$2,801$2,213$1,731$1,343$1,034$361
23 years$2,651$2,070$1,598$1,223$928$305
24 years$2,514$1,939$1,478$1,115$834$259
25 years$2,387$1,820$1,369$1,019$751$219
26 years$2,271$1,710$1,270$931$676$186
27 years$2,164$1,610$1,179$853$610$157
28 years$2,064$1,517$1,096$781$550$133
29 years$1,971$1,431$1,020$716$497$113
30 years$1,885$1,351$950$657$449$96
31 years$1,804$1,277$886$604$406$82
32 years$1,729$1,209$827$555$367$69
33 years$1,658$1,145$772$510$332$59
34 years$1,592$1,085$721$469$301$50
35 years$1,530$1,029$674$432$272$42
36 years$1,471$977$631$398$247$36
37 years$1,415$928$590$367$224$31
38 years$1,363$882$553$338$203$26
39 years$1,313$838$518$312$184$22
40 years$1,266$798$485$287$167$19
41 years$1,221$759$455$265$151$16
42 years$1,179$723$427$245$137$14
43 years$1,139$689$401$226$125$11
44 years$1,100$657$376$209$113$10
45 years$1,064$626$353$193$103$8
46 years$1,029$597$332$178$93$7
47 years$995$570$312$164$85$6
48 years$964$544$293$152$77$5
49 years$933$520$275$140$70$4
50 years$904$496$259$130$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $926,000, adding $6,906 every year, while hoping to spend $49,791 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: 45/46/9 Blend
54$926,000$926,000$926,000$926,000
55$1,027,576$978,498$964,145$1,070,910
56$1,079,411$973,467$943,466$1,096,559
57$1,134,865$966,521$920,426$1,118,683
58$1,194,254$957,513$894,893$1,141,535
59$1,257,925$946,288$866,729$1,165,200
60$1,326,259$932,681$835,790$1,189,774
61$1,399,673$916,519$801,925$1,215,367
62$1,478,628$897,616$764,978$1,242,101
63$1,563,625$875,777$724,782$1,270,118
64$1,655,219$850,794$681,166$1,299,576
65$1,754,017$822,449$633,951$1,330,653
66$1,860,686$790,508$582,947$1,363,551
67$1,975,960$754,727$527,960$1,398,497
68$2,100,644$714,845$468,783$1,435,747
69$2,235,625$670,588$405,203$1,475,587
70$2,381,877$621,664$336,995$1,518,340
71$2,540,470$567,767$263,926$1,564,366
72$2,712,582$508,572$185,752$1,614,072
73$2,899,509$443,736$102,218$1,667,908
74$3,102,675$372,895$13,058$1,726,384
75$3,323,648$295,667$0$1,790,064
76$3,564,151$211,646$0$1,867,466
77$3,826,083$120,405$0$1,953,264
78$4,111,531$21,492$0$2,047,019
79$4,422,793$0$0$2,149,642
80$4,762,399$0$0$2,305,457
81$5,133,131$0$0$2,487,532
82$5,538,055$0$0$2,686,507
83$5,980,543$0$0$2,904,052
84$6,464,309$0$0$3,142,009
85$6,993,443$0$0$3,402,401
86$7,572,446$0$0$3,687,461
87$8,206,276$0$0$3,999,645
88$8,900,393$0$0$4,341,657
89$9,660,807$0$0$4,716,477
90$10,494,139$0$0$5,127,385
91$11,407,681$0$0$5,577,996
92$12,409,463$0$0$6,072,289
93$13,508,331$0$0$6,614,648
94$14,714,025$0$0$7,209,902
95$16,037,278$0$0$7,863,369
96$17,489,908$0$0$8,580,909
97$19,084,937$0$0$9,368,975
98$20,836,707$0$0$10,234,677
99$22,761,019$0$0$11,185,849
100$24,875,278$0$0$12,231,118