Can I retire at age 55 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$76,716$76,033$75,366$74,715$74,080$73,644
2 years$37,978$37,271$36,585$35,921$35,276$34,836
3 years$25,067$24,357$23,673$23,015$22,381$21,950
4 years$18,613$17,905$17,228$16,581$15,962$15,545
5 years$14,742$14,038$13,370$12,736$12,134$11,731
6 years$12,161$11,463$10,805$10,185$9,601$9,213
7 years$10,319$9,626$8,979$8,374$7,808$7,435
8 years$8,938$8,252$7,615$7,024$6,478$6,120
9 years$7,865$7,185$6,559$5,983$5,455$5,112
10 years$7,006$6,333$5,718$5,158$4,648$4,320
11 years$6,304$5,638$5,034$4,489$3,998$3,684
12 years$5,720$5,060$4,467$3,937$3,464$3,165
13 years$5,226$4,573$3,991$3,476$3,021$2,735
14 years$4,803$4,157$3,586$3,086$2,648$2,376
15 years$4,436$3,797$3,238$2,752$2,332$2,073
16 years$4,116$3,484$2,936$2,464$2,061$1,815
17 years$3,833$3,208$2,671$2,214$1,827$1,594
18 years$3,583$2,965$2,439$1,995$1,625$1,404
19 years$3,359$2,748$2,232$1,803$1,448$1,239
20 years$3,157$2,553$2,049$1,633$1,293$1,095
21 years$2,975$2,378$1,884$1,482$1,157$970
22 years$2,810$2,220$1,737$1,347$1,037$861
23 years$2,660$2,076$1,604$1,227$931$765
24 years$2,522$1,945$1,483$1,119$837$680
25 years$2,395$1,826$1,374$1,022$753$606
26 years$2,278$1,716$1,274$934$678$540
27 years$2,171$1,615$1,183$855$612$481
28 years$2,071$1,522$1,100$784$552$429
29 years$1,978$1,435$1,023$719$498$384
30 years$1,891$1,356$953$660$450$343
31 years$1,810$1,282$889$606$407$306
32 years$1,735$1,213$829$557$368$274
33 years$1,664$1,148$774$512$333$245
34 years$1,597$1,088$723$471$302$219
35 years$1,534$1,032$676$434$273$196
36 years$1,475$980$633$399$248$176
37 years$1,420$931$592$368$224$158
38 years$1,367$884$555$339$203$141
39 years$1,317$841$520$313$185$126
40 years$1,270$800$487$288$167$113
41 years$1,225$762$457$266$152$102
42 years$1,183$725$428$246$138$91
43 years$1,142$691$402$227$125$82
44 years$1,104$659$377$209$114$73
45 years$1,067$628$354$193$103$66
46 years$1,032$599$333$179$94$59
47 years$999$572$313$165$85$53
48 years$967$546$294$152$77$47
49 years$936$521$276$141$70$43
50 years$907$498$260$130$64$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $929,000, adding $4,501 every year, while hoping to spend $29,068 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: 44/40/16 Blend
54$929,000$929,000$929,000$929,000
55$1,028,401$979,164$964,764$1,068,717
56$1,102,370$996,215$966,156$1,114,452
57$1,182,909$1,013,127$966,620$1,160,745
58$1,270,658$1,029,863$966,094$1,210,299
59$1,366,322$1,046,382$964,514$1,263,427
60$1,470,673$1,062,642$961,813$1,320,475
61$1,584,566$1,078,595$957,917$1,381,826
62$1,708,938$1,094,193$952,754$1,447,902
63$1,844,822$1,109,381$946,244$1,519,168
64$1,993,357$1,124,103$938,305$1,596,139
65$2,155,793$1,138,298$928,852$1,679,381
66$2,333,510$1,151,900$917,795$1,769,522
67$2,528,025$1,164,841$905,038$1,867,251
68$2,741,011$1,177,045$890,484$1,973,334
69$2,974,307$1,188,434$874,029$2,088,611
70$3,229,942$1,198,923$855,565$2,214,013
71$3,510,148$1,208,422$834,978$2,350,566
72$3,817,383$1,216,835$812,150$2,499,402
73$4,154,357$1,224,060$786,957$2,661,771
74$4,524,051$1,229,988$759,269$2,839,052
75$4,929,751$1,234,504$728,952$3,032,769
76$5,375,076$1,237,486$695,862$3,244,600
77$5,864,013$1,238,802$659,853$3,476,400
78$6,400,953$1,238,313$620,768$3,730,214
79$6,990,733$1,235,874$578,447$4,008,299
80$7,638,682$1,231,327$532,720$4,313,146
81$8,350,672$1,224,506$483,410$4,647,503
82$9,133,169$1,215,235$430,333$5,014,402
83$9,993,299$1,203,328$373,296$5,417,186
84$10,938,911$1,188,587$312,097$5,859,546
85$11,978,655$1,170,802$246,527$6,345,554
86$13,122,057$1,149,751$176,364$6,879,699
87$14,379,615$1,125,197$101,382$7,466,935
88$15,762,897$1,096,893$21,339$8,112,726
89$17,284,645$1,064,574$0$8,823,100
90$18,958,901$1,027,959$0$9,615,643
91$20,801,134$986,754$0$10,491,349
92$22,828,390$940,646$0$11,454,702
93$25,059,451$889,302$0$12,514,671
94$27,515,010$832,374$0$13,681,142
95$30,217,871$769,490$0$14,965,017
96$33,193,158$700,259$0$16,378,313
97$36,468,556$624,268$0$17,934,280
98$40,074,570$541,078$0$19,647,526
99$44,044,813$450,228$0$21,534,154
100$48,416,325$351,229$0$23,611,920