Can I retire at age 55 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$76,551$75,869$75,204$74,554$73,920$72,696
2 years$37,896$37,191$36,507$35,843$35,200$33,970
3 years$25,013$24,304$23,622$22,965$22,332$21,135
4 years$18,573$17,866$17,191$16,545$15,928$14,772
5 years$14,710$14,007$13,341$12,708$12,108$10,998
6 years$12,135$11,438$10,781$10,163$9,581$8,517
7 years$10,297$9,606$8,959$8,355$7,792$6,775
8 years$8,919$8,234$7,598$7,009$6,464$5,494
9 years$7,848$7,169$6,544$5,970$5,444$4,519
10 years$6,991$6,319$5,706$5,146$4,638$3,759
11 years$6,291$5,626$5,023$4,479$3,989$3,155
12 years$5,708$5,049$4,458$3,929$3,457$2,666
13 years$5,215$4,563$3,983$3,468$3,014$2,265
14 years$4,792$4,148$3,579$3,079$2,642$1,934
15 years$4,427$3,789$3,231$2,746$2,327$1,658
16 years$4,107$3,476$2,929$2,459$2,056$1,426
17 years$3,825$3,202$2,666$2,209$1,823$1,230
18 years$3,575$2,958$2,433$1,991$1,621$1,063
19 years$3,352$2,742$2,228$1,799$1,445$921
20 years$3,151$2,548$2,044$1,629$1,291$799
21 years$2,969$2,373$1,880$1,479$1,155$694
22 years$2,804$2,215$1,733$1,344$1,035$604
23 years$2,654$2,072$1,600$1,224$929$526
24 years$2,516$1,941$1,480$1,117$835$458
25 years$2,390$1,822$1,371$1,020$752$400
26 years$2,273$1,712$1,271$932$677$349
27 years$2,166$1,611$1,180$854$610$305
28 years$2,066$1,518$1,097$782$551$266
29 years$1,973$1,432$1,021$717$497$233
30 years$1,887$1,353$951$658$449$204
31 years$1,806$1,279$887$604$406$178
32 years$1,731$1,210$827$555$368$156
33 years$1,660$1,146$773$511$333$137
34 years$1,594$1,086$722$470$301$120
35 years$1,531$1,030$675$433$273$105
36 years$1,472$978$631$398$247$92
37 years$1,417$929$591$367$224$80
38 years$1,364$883$553$338$203$71
39 years$1,314$839$518$312$184$62
40 years$1,267$798$486$288$167$54
41 years$1,223$760$456$266$152$47
42 years$1,180$724$427$245$137$42
43 years$1,140$690$401$226$125$36
44 years$1,101$657$376$209$113$32
45 years$1,065$627$353$193$103$28
46 years$1,030$598$332$178$93$25
47 years$997$571$312$165$85$22
48 years$965$545$293$152$77$19
49 years$934$520$276$141$70$17
50 years$905$497$259$130$64$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $927,000, adding $2,059 every year, while hoping to spend $52,535 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: 45/45/10 Blend
54$927,000$927,000$927,000$927,000
55$1,023,678$974,547$960,178$1,066,760
56$1,072,196$966,403$936,448$1,088,660
57$1,123,903$956,099$910,161$1,106,846
58$1,179,067$943,474$881,178$1,125,376
59$1,237,984$928,357$849,350$1,144,302
60$1,300,979$910,567$814,523$1,163,682
61$1,368,406$889,912$776,537$1,183,584
62$1,440,654$866,188$735,222$1,204,090
63$1,518,151$839,182$690,402$1,225,292
64$1,601,365$808,664$641,893$1,247,294
65$1,690,810$774,394$589,502$1,270,219
66$1,787,051$736,118$533,028$1,294,206
67$1,890,707$693,565$472,262$1,319,413
68$2,002,460$646,450$406,983$1,346,021
69$2,123,057$594,472$336,963$1,374,234
70$2,253,319$537,312$261,962$1,404,285
71$2,394,151$474,633$181,731$1,436,438
72$2,546,543$406,079$96,007$1,470,989
73$2,711,587$331,273$4,521$1,508,273
74$2,890,483$249,819$0$1,548,670
75$3,084,549$161,297$0$1,602,539
76$3,295,235$65,263$0$1,661,584
77$3,524,138$0$0$1,725,892
78$3,773,012$0$0$1,815,289
79$4,043,787$0$0$1,947,810
80$4,338,587$0$0$2,092,190
81$4,659,752$0$0$2,249,587
82$5,009,851$0$0$2,421,274
83$5,391,717$0$0$2,608,654
84$5,808,466$0$0$2,813,269
85$6,263,527$0$0$3,036,818
86$6,760,676$0$0$3,281,173
87$7,304,069$0$0$3,548,391
88$7,898,284$0$0$3,840,740
89$8,548,358$0$0$4,160,718
90$9,259,840$0$0$4,511,072
91$10,038,839$0$0$4,894,829
92$10,892,083$0$0$5,315,325
93$11,826,979$0$0$5,776,229
94$12,851,689$0$0$6,281,586
95$13,975,196$0$0$6,835,849
96$15,207,400$0$0$7,443,924
97$16,559,200$0$0$8,111,213
98$18,042,605$0$0$8,843,668
99$19,670,839$0$0$9,647,844
100$21,458,472$0$0$10,530,962