Can I retire at age 55 with 931,000?

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 $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%19.5%
1 years$76,881$76,196$75,528$74,876$74,239$71,407
2 years$38,060$37,351$36,664$35,998$35,352$32,531
3 years$25,121$24,409$23,724$23,064$22,429$19,709
4 years$18,653$17,943$17,265$16,617$15,996$13,398
5 years$14,773$14,068$13,398$12,763$12,160$9,690
6 years$12,188$11,487$10,828$10,207$9,622$7,282
7 years$10,341$9,647$8,998$8,392$7,825$5,615
8 years$8,957$8,269$7,631$7,039$6,492$4,408
9 years$7,882$7,200$6,573$5,996$5,467$3,508
10 years$7,021$6,346$5,730$5,169$4,658$2,820
11 years$6,318$5,650$5,045$4,498$4,006$2,284
12 years$5,732$5,071$4,477$3,946$3,472$1,861
13 years$5,237$4,583$4,000$3,483$3,027$1,524
14 years$4,813$4,166$3,594$3,092$2,654$1,253
15 years$4,446$3,805$3,245$2,758$2,337$1,034
16 years$4,125$3,491$2,942$2,469$2,065$855
17 years$3,842$3,215$2,677$2,219$1,831$708
18 years$3,591$2,971$2,444$1,999$1,628$588
19 years$3,366$2,754$2,237$1,807$1,451$488
20 years$3,164$2,559$2,053$1,636$1,296$406
21 years$2,982$2,383$1,889$1,485$1,160$338
22 years$2,816$2,225$1,741$1,350$1,040$282
23 years$2,665$2,081$1,607$1,230$933$235
24 years$2,527$1,950$1,486$1,121$839$196
25 years$2,400$1,830$1,377$1,024$755$164
26 years$2,283$1,720$1,277$936$680$137
27 years$2,175$1,618$1,186$857$613$114
28 years$2,075$1,525$1,102$785$553$96
29 years$1,982$1,439$1,026$720$499$80
30 years$1,895$1,359$955$661$451$67
31 years$1,814$1,284$891$607$408$56
32 years$1,738$1,215$831$558$369$47
33 years$1,667$1,151$776$513$334$39
34 years$1,601$1,091$725$472$302$33
35 years$1,538$1,035$678$435$274$27
36 years$1,479$982$634$400$248$23
37 years$1,423$933$593$369$225$19
38 years$1,370$886$556$340$204$16
39 years$1,320$843$521$313$185$13
40 years$1,273$802$488$289$168$11
41 years$1,228$763$458$267$152$9
42 years$1,185$727$429$246$138$8
43 years$1,145$693$403$227$125$7
44 years$1,106$660$378$210$114$5
45 years$1,069$630$355$194$103$5
46 years$1,034$601$333$179$94$4
47 years$1,001$573$313$165$85$3
48 years$969$547$294$153$77$3
49 years$938$522$277$141$70$2
50 years$909$499$260$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $931,000, adding $3,219 every year, while hoping to spend $20,078 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: 75/19/6 Blend
54$931,000$931,000$931,000$931,000
55$1,029,282$979,939$965,509$1,105,593
56$1,112,906$1,006,594$976,491$1,182,870
57$1,204,387$1,033,881$987,167$1,264,638
58$1,304,505$1,061,811$997,507$1,353,654
59$1,414,118$1,090,394$1,007,478$1,450,628
60$1,534,174$1,119,639$1,017,044$1,556,341
61$1,665,713$1,149,555$1,026,169$1,671,653
62$1,809,884$1,180,151$1,034,814$1,797,514
63$1,967,950$1,211,436$1,042,937$1,934,965
64$2,141,302$1,243,418$1,050,497$2,085,157
65$2,331,473$1,276,104$1,057,447$2,249,356
66$2,540,153$1,309,502$1,063,741$2,428,954
67$2,769,200$1,343,620$1,069,328$2,625,489
68$3,020,664$1,378,462$1,074,156$2,840,650
69$3,296,800$1,414,036$1,078,169$3,076,302
70$3,600,096$1,450,345$1,081,309$3,334,496
71$3,933,288$1,487,395$1,083,516$3,617,492
72$4,299,395$1,525,188$1,084,725$3,927,781
73$4,701,740$1,563,729$1,084,869$4,268,106
74$5,143,983$1,603,017$1,083,879$4,641,489
75$5,630,159$1,643,055$1,081,678$5,051,261
76$6,164,712$1,683,842$1,078,191$5,501,088
77$6,752,538$1,725,376$1,073,336$5,995,014
78$7,399,032$1,767,654$1,067,028$6,537,489
79$8,110,137$1,810,672$1,059,177$7,133,422
80$8,892,401$1,854,426$1,049,690$7,788,216
81$9,753,040$1,898,906$1,038,468$8,507,828
82$10,700,002$1,944,105$1,025,409$9,298,819
83$11,742,048$1,990,012$1,010,406$10,168,422
84$12,888,828$2,036,613$993,345$11,124,602
85$14,150,975$2,083,894$974,109$12,176,138
86$15,540,207$2,131,838$952,575$13,332,704
87$17,069,435$2,180,424$928,613$14,604,959
88$18,752,884$2,229,632$902,088$16,004,646
89$20,606,229$2,279,435$872,859$17,544,710
90$22,646,743$2,329,806$840,778$19,239,409
91$24,893,458$2,380,713$805,691$21,104,459
92$27,367,345$2,432,122$767,436$23,157,176
93$30,091,514$2,483,995$725,844$25,416,641
94$33,091,427$2,536,290$680,739$27,903,882
95$36,395,145$2,588,961$631,936$30,642,068
96$40,033,587$2,641,957$579,243$33,656,733
97$44,040,823$2,695,223$522,458$36,976,013
98$48,454,397$2,748,699$461,370$40,630,913
99$53,315,680$2,802,320$395,761$44,655,600
100$58,670,260$2,856,014$325,400$49,087,723