Can I retire at age 55 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$76,633$75,951$75,285$74,635$74,000$71,346
2 years$37,937$37,231$36,546$35,882$35,238$32,593
3 years$25,040$24,331$23,648$22,990$22,357$19,803
4 years$18,593$17,886$17,209$16,563$15,945$13,503
5 years$14,726$14,023$13,355$12,722$12,121$9,797
6 years$12,148$11,450$10,793$10,174$9,591$7,387
7 years$10,308$9,616$8,969$8,364$7,800$5,715
8 years$8,929$8,243$7,606$7,017$6,471$4,503
9 years$7,856$7,177$6,551$5,977$5,449$3,596
10 years$6,999$6,326$5,712$5,152$4,643$2,902
11 years$6,298$5,632$5,028$4,484$3,993$2,360
12 years$5,714$5,055$4,463$3,933$3,460$1,931
13 years$5,220$4,568$3,987$3,472$3,018$1,588
14 years$4,797$4,152$3,582$3,082$2,645$1,311
15 years$4,431$3,793$3,234$2,749$2,329$1,086
16 years$4,111$3,480$2,933$2,461$2,058$902
17 years$3,829$3,205$2,668$2,211$1,825$750
18 years$3,579$2,962$2,436$1,993$1,623$626
19 years$3,355$2,745$2,230$1,801$1,446$522
20 years$3,154$2,551$2,047$1,631$1,292$437
21 years$2,972$2,376$1,882$1,480$1,156$365
22 years$2,807$2,218$1,735$1,346$1,036$306
23 years$2,657$2,074$1,602$1,226$930$256
24 years$2,519$1,943$1,482$1,118$836$215
25 years$2,393$1,824$1,372$1,021$752$180
26 years$2,276$1,714$1,273$933$678$151
27 years$2,168$1,613$1,182$854$611$127
28 years$2,068$1,520$1,099$783$551$107
29 years$1,975$1,434$1,022$718$498$90
30 years$1,889$1,354$952$659$450$75
31 years$1,808$1,280$888$605$407$63
32 years$1,733$1,211$828$556$368$53
33 years$1,662$1,147$773$511$333$45
34 years$1,595$1,087$723$471$301$38
35 years$1,533$1,031$676$433$273$32
36 years$1,474$979$632$399$247$27
37 years$1,418$930$592$368$224$22
38 years$1,366$883$554$339$203$19
39 years$1,316$840$519$312$184$16
40 years$1,269$799$486$288$167$13
41 years$1,224$761$456$266$152$11
42 years$1,181$725$428$245$138$9
43 years$1,141$690$402$226$125$8
44 years$1,103$658$377$209$113$7
45 years$1,066$628$354$193$103$6
46 years$1,031$599$332$178$93$5
47 years$998$571$312$165$85$4
48 years$966$545$293$152$77$3
49 years$935$521$276$141$70$3
50 years$906$497$259$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $928,000, adding $4,776 every year, while hoping to spend $32,399 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: 63/22/15 Blend
54$928,000$928,000$928,000$928,000
55$1,027,582$978,398$964,014$1,088,256
56$1,097,924$991,868$961,837$1,143,016
57$1,174,354$1,004,911$958,500$1,198,659
58$1,257,459$1,017,473$953,932$1,258,636
59$1,347,887$1,029,496$948,055$1,323,372
60$1,446,346$1,040,916$940,789$1,393,333
61$1,553,618$1,051,666$932,051$1,469,033
62$1,670,565$1,061,675$921,752$1,551,039
63$1,798,132$1,070,867$909,800$1,639,976
64$1,937,361$1,079,159$896,098$1,736,536
65$2,089,401$1,086,467$880,546$1,841,477
66$2,255,513$1,092,696$863,037$1,955,641
67$2,437,087$1,097,751$843,462$2,079,951
68$2,635,655$1,101,526$821,702$2,215,429
69$2,852,901$1,103,910$797,639$2,363,200
70$3,090,682$1,104,786$771,144$2,524,506
71$3,351,039$1,104,028$742,086$2,700,717
72$3,636,224$1,101,505$710,324$2,893,342
73$3,948,714$1,097,074$675,716$3,104,046
74$4,291,239$1,090,586$638,108$3,334,667
75$4,666,803$1,081,883$597,342$3,587,230
76$5,078,718$1,070,795$553,254$3,863,969
77$5,530,628$1,057,146$505,669$4,167,347
78$6,026,551$1,040,744$454,408$4,500,081
79$6,570,909$1,021,391$399,281$4,865,167
80$7,168,576$998,874$340,091$5,265,908
81$7,824,919$972,967$276,632$5,705,948
82$8,545,852$943,433$208,690$6,189,303
83$9,337,887$910,020$136,040$6,720,402
84$10,208,202$872,460$58,447$7,304,131
85$11,164,700$830,473$0$7,945,874
86$12,216,092$783,759$0$8,655,468
87$13,371,973$732,003$0$9,445,799
88$14,642,914$674,870$0$10,314,765
89$16,040,561$612,009$0$11,270,369
90$17,577,747$543,046$0$12,321,433
91$19,268,608$467,586$0$13,477,682
92$21,128,722$385,214$0$14,749,834
93$23,175,251$295,489$0$16,149,702
94$25,427,105$197,946$0$17,690,307
95$27,905,120$92,095$0$19,386,001
96$30,632,253$0$0$21,252,602
97$33,633,798$0$0$23,313,012
98$36,937,628$0$0$25,605,545
99$40,574,455$0$0$28,129,226
100$44,578,116$0$0$30,907,549