Can I retire at age 55 with 931,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$76,881$76,196$75,528$74,876$74,239$72,711
2 years$38,060$37,351$36,664$35,998$35,352$33,819
3 years$25,121$24,409$23,724$23,064$22,429$20,939
4 years$18,653$17,943$17,265$16,617$15,996$14,561
5 years$14,773$14,068$13,398$12,763$12,160$10,784
6 years$12,188$11,487$10,828$10,207$9,622$8,306
7 years$10,341$9,647$8,998$8,392$7,825$6,570
8 years$8,957$8,269$7,631$7,039$6,492$5,297
9 years$7,882$7,200$6,573$5,996$5,467$4,332
10 years$7,021$6,346$5,730$5,169$4,658$3,581
11 years$6,318$5,650$5,045$4,498$4,006$2,986
12 years$5,732$5,071$4,477$3,946$3,472$2,507
13 years$5,237$4,583$4,000$3,483$3,027$2,117
14 years$4,813$4,166$3,594$3,092$2,654$1,795
15 years$4,446$3,805$3,245$2,758$2,337$1,528
16 years$4,125$3,491$2,942$2,469$2,065$1,305
17 years$3,842$3,215$2,677$2,219$1,831$1,117
18 years$3,591$2,971$2,444$1,999$1,628$959
19 years$3,366$2,754$2,237$1,807$1,451$824
20 years$3,164$2,559$2,053$1,636$1,296$710
21 years$2,982$2,383$1,889$1,485$1,160$612
22 years$2,816$2,225$1,741$1,350$1,040$528
23 years$2,665$2,081$1,607$1,230$933$457
24 years$2,527$1,950$1,486$1,121$839$395
25 years$2,400$1,830$1,377$1,024$755$342
26 years$2,283$1,720$1,277$936$680$296
27 years$2,175$1,618$1,186$857$613$256
28 years$2,075$1,525$1,102$785$553$222
29 years$1,982$1,439$1,026$720$499$193
30 years$1,895$1,359$955$661$451$167
31 years$1,814$1,284$891$607$408$145
32 years$1,738$1,215$831$558$369$126
33 years$1,667$1,151$776$513$334$109
34 years$1,601$1,091$725$472$302$95
35 years$1,538$1,035$678$435$274$83
36 years$1,479$982$634$400$248$72
37 years$1,423$933$593$369$225$62
38 years$1,370$886$556$340$204$54
39 years$1,320$843$521$313$185$47
40 years$1,273$802$488$289$168$41
41 years$1,228$763$458$267$152$36
42 years$1,185$727$429$246$138$31
43 years$1,145$693$403$227$125$27
44 years$1,106$660$378$210$114$23
45 years$1,069$630$355$194$103$20
46 years$1,034$601$333$179$94$18
47 years$1,001$573$313$165$85$15
48 years$969$547$294$153$77$13
49 years$938$522$277$141$70$12
50 years$909$499$260$130$64$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $931,000, adding $6,323 every year, while hoping to spend $53,147 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: 70/5/25 Blend
54$931,000$931,000$931,000$931,000
55$1,032,484$983,141$968,711$1,097,778
56$1,081,250$974,767$944,614$1,133,917
57$1,133,208$964,201$917,930$1,166,695
58$1,188,628$951,281$888,514$1,201,320
59$1,247,807$935,832$856,217$1,237,970
60$1,311,066$917,670$820,884$1,276,848
61$1,378,761$896,603$782,350$1,318,173
62$1,451,282$872,423$740,445$1,362,190
63$1,529,053$844,913$694,991$1,409,173
64$1,612,545$813,841$645,801$1,459,421
65$1,702,269$778,965$592,680$1,513,268
66$1,798,791$740,024$535,425$1,571,082
67$1,902,729$696,747$473,823$1,633,274
68$2,014,763$648,843$407,652$1,700,293
69$2,135,640$596,008$336,680$1,772,642
70$2,266,181$537,918$260,664$1,850,873
71$2,407,287$474,231$179,353$1,935,599
72$2,559,950$404,588$92,480$2,027,498
73$2,725,258$328,607$0$2,127,319
74$2,904,411$245,884$0$2,235,951
75$3,098,723$155,995$0$2,380,581
76$3,309,645$58,491$0$2,537,606
77$3,538,768$0$0$2,708,230
78$3,787,846$0$0$2,896,369
79$4,058,805$0$0$3,104,582
80$4,353,767$0$0$3,331,284
81$4,675,066$0$0$3,578,277
82$5,025,269$0$0$3,847,539
83$5,407,203$0$0$4,141,251
84$5,823,979$0$0$4,461,812
85$6,279,022$0$0$4,811,861
86$6,776,100$0$0$5,194,307
87$7,319,364$0$0$5,612,348
88$7,913,382$0$0$6,069,508
89$8,563,184$0$0$6,569,667
90$9,274,310$0$0$7,117,096
91$10,052,856$0$0$7,716,498
92$10,905,541$0$0$8,373,053
93$11,839,759$0$0$9,092,466
94$12,863,656$0$0$9,881,017
95$13,986,201$0$0$10,745,625
96$15,217,276$0$0$11,693,911
97$16,567,761$0$0$12,734,268
98$18,049,644$0$0$13,875,939
99$19,676,125$0$0$15,129,109
100$21,461,748$0$0$16,504,993