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%19.8%
1 years$76,633$75,951$75,285$74,635$74,000$71,092
2 years$37,937$37,231$36,546$35,882$35,238$32,344
3 years$25,040$24,331$23,648$22,990$22,357$19,567
4 years$18,593$17,886$17,209$16,563$15,945$13,282
5 years$14,726$14,023$13,355$12,722$12,121$9,591
6 years$12,148$11,450$10,793$10,174$9,591$7,196
7 years$10,308$9,616$8,969$8,364$7,800$5,538
8 years$8,929$8,243$7,606$7,017$6,471$4,341
9 years$7,856$7,177$6,551$5,977$5,449$3,448
10 years$6,999$6,326$5,712$5,152$4,643$2,766
11 years$6,298$5,632$5,028$4,484$3,993$2,236
12 years$5,714$5,055$4,463$3,933$3,460$1,819
13 years$5,220$4,568$3,987$3,472$3,018$1,486
14 years$4,797$4,152$3,582$3,082$2,645$1,219
15 years$4,431$3,793$3,234$2,749$2,329$1,004
16 years$4,111$3,480$2,933$2,461$2,058$828
17 years$3,829$3,205$2,668$2,211$1,825$684
18 years$3,579$2,962$2,436$1,993$1,623$567
19 years$3,355$2,745$2,230$1,801$1,446$470
20 years$3,154$2,551$2,047$1,631$1,292$390
21 years$2,972$2,376$1,882$1,480$1,156$324
22 years$2,807$2,218$1,735$1,346$1,036$270
23 years$2,657$2,074$1,602$1,226$930$224
24 years$2,519$1,943$1,482$1,118$836$187
25 years$2,393$1,824$1,372$1,021$752$156
26 years$2,276$1,714$1,273$933$678$130
27 years$2,168$1,613$1,182$854$611$108
28 years$2,068$1,520$1,099$783$551$90
29 years$1,975$1,434$1,022$718$498$75
30 years$1,889$1,354$952$659$450$63
31 years$1,808$1,280$888$605$407$52
32 years$1,733$1,211$828$556$368$44
33 years$1,662$1,147$773$511$333$36
34 years$1,595$1,087$723$471$301$30
35 years$1,533$1,031$676$433$273$25
36 years$1,474$979$632$399$247$21
37 years$1,418$930$592$368$224$18
38 years$1,366$883$554$339$203$15
39 years$1,316$840$519$312$184$12
40 years$1,269$799$486$288$167$10
41 years$1,224$761$456$266$152$9
42 years$1,181$725$428$245$138$7
43 years$1,141$690$402$226$125$6
44 years$1,103$658$377$209$113$5
45 years$1,066$628$354$193$103$4
46 years$1,031$599$332$178$93$3
47 years$998$571$312$165$85$3
48 years$966$545$293$152$77$2
49 years$935$521$276$141$70$2
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 $6,541 every year, while hoping to spend $28,290 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: 58/25/17 Blend
54$928,000$928,000$928,000$928,000
55$1,029,403$980,219$965,835$1,084,188
56$1,104,302$998,149$968,090$1,140,000
57$1,185,892$1,016,010$969,473$1,197,149
58$1,274,827$1,033,768$969,923$1,258,804
59$1,371,824$1,051,388$969,381$1,325,404
60$1,477,674$1,068,830$967,779$1,397,432
61$1,593,247$1,086,053$965,050$1,475,422
62$1,719,501$1,103,013$961,123$1,559,962
63$1,857,492$1,119,662$955,922$1,651,700
64$2,008,379$1,135,948$949,368$1,751,352
65$2,173,442$1,151,818$941,380$1,859,706
66$2,354,088$1,167,212$931,871$1,977,630
67$2,551,867$1,182,067$920,751$2,106,084
68$2,768,485$1,196,316$907,924$2,246,124
69$3,005,823$1,209,888$893,292$2,398,915
70$3,265,950$1,222,706$876,750$2,565,743
71$3,551,147$1,234,689$858,191$2,748,024
72$3,863,924$1,245,748$837,501$2,947,320
73$4,207,047$1,255,792$814,559$3,165,354
74$4,583,562$1,264,722$789,243$3,404,025
75$4,996,824$1,272,433$761,422$3,665,428
76$5,450,530$1,278,812$730,960$3,951,871
77$5,948,751$1,283,741$697,714$4,265,901
78$6,495,972$1,287,092$661,535$4,610,326
79$7,097,134$1,288,732$622,269$4,988,240
80$7,757,679$1,288,517$579,752$5,403,057
81$8,483,603$1,286,296$533,816$5,858,539
82$9,281,514$1,281,907$484,281$6,358,836
83$10,158,687$1,275,180$430,964$6,908,522
84$11,123,142$1,265,932$373,669$7,512,641
85$12,183,711$1,253,972$312,196$8,176,751
86$13,350,128$1,239,095$246,333$8,906,984
87$14,633,115$1,221,084$175,859$9,710,099
88$16,044,487$1,199,712$100,545$10,593,545
89$17,597,261$1,174,734$20,149$11,565,538
90$19,305,779$1,145,894$0$12,635,133
91$21,185,844$1,112,918$0$13,824,220
92$23,254,869$1,075,520$0$15,136,574
93$25,532,039$1,033,393$0$16,580,716
94$28,038,492$986,215$0$18,170,074
95$30,797,523$933,644$0$19,919,446
96$33,834,797$875,319$0$21,845,141
97$37,178,594$810,858$0$23,965,134
98$40,860,077$739,857$0$26,299,237
99$44,913,583$661,888$0$28,869,285
100$49,376,949$576,501$0$31,699,342