Can I retire at age 55 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$76,964$76,278$75,609$74,956$74,319$71,568
2 years$38,101$37,391$36,704$36,037$35,390$32,650
3 years$25,148$24,436$23,750$23,089$22,453$19,809
4 years$18,673$17,963$17,284$16,634$16,014$13,487
5 years$14,789$14,083$13,413$12,777$12,173$9,770
6 years$12,201$11,500$10,840$10,218$9,632$7,354
7 years$10,353$9,658$9,008$8,401$7,834$5,680
8 years$8,967$8,278$7,639$7,047$6,499$4,468
9 years$7,890$7,208$6,580$6,002$5,473$3,561
10 years$7,029$6,353$5,736$5,174$4,663$2,868
11 years$6,325$5,656$5,050$4,503$4,010$2,328
12 years$5,738$5,076$4,482$3,950$3,475$1,901
13 years$5,243$4,588$4,004$3,487$3,031$1,560
14 years$4,818$4,170$3,598$3,095$2,657$1,285
15 years$4,450$3,809$3,248$2,761$2,339$1,062
16 years$4,129$3,495$2,945$2,472$2,067$880
17 years$3,846$3,219$2,680$2,221$1,833$731
18 years$3,594$2,974$2,446$2,001$1,630$608
19 years$3,370$2,757$2,240$1,809$1,453$506
20 years$3,168$2,562$2,055$1,638$1,298$422
21 years$2,985$2,386$1,891$1,487$1,161$353
22 years$2,819$2,227$1,742$1,352$1,041$295
23 years$2,668$2,083$1,609$1,231$934$246
24 years$2,530$1,952$1,488$1,123$840$206
25 years$2,403$1,832$1,378$1,025$756$172
26 years$2,286$1,721$1,278$937$681$144
27 years$2,178$1,620$1,187$858$614$121
28 years$2,077$1,527$1,103$786$554$101
29 years$1,984$1,440$1,027$721$500$85
30 years$1,897$1,360$956$662$452$71
31 years$1,816$1,286$892$608$408$60
32 years$1,740$1,217$832$558$369$50
33 years$1,669$1,152$777$514$334$42
34 years$1,602$1,092$726$473$303$35
35 years$1,539$1,036$679$435$274$29
36 years$1,480$983$635$401$248$25
37 years$1,424$934$594$369$225$21
38 years$1,372$887$556$340$204$17
39 years$1,322$844$521$314$185$15
40 years$1,274$803$489$289$168$12
41 years$1,229$764$458$267$152$10
42 years$1,187$728$430$246$138$9
43 years$1,146$693$403$227$125$7
44 years$1,107$661$379$210$114$6
45 years$1,071$630$355$194$103$5
46 years$1,035$601$334$179$94$4
47 years$1,002$574$314$166$85$4
48 years$970$548$295$153$77$3
49 years$939$523$277$141$70$3
50 years$910$500$260$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $932,000, adding $4,971 every year, while hoping to spend $48,798 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: 35/43/22 Blend
54$932,000$932,000$932,000$932,000
55$1,032,192$982,796$968,350$1,061,271
56$1,085,554$979,032$948,869$1,079,385
57$1,142,725$973,448$927,100$1,094,072
58$1,204,040$965,904$902,914$1,108,927
59$1,269,868$956,250$876,178$1,123,995
60$1,340,616$944,328$846,752$1,139,330
61$1,416,729$929,970$814,488$1,154,993
62$1,498,696$912,999$779,234$1,171,059
63$1,587,053$893,226$740,829$1,187,614
64$1,682,391$870,452$699,105$1,204,757
65$1,785,357$844,467$653,887$1,222,602
66$1,896,664$815,046$604,992$1,241,284
67$2,017,093$781,953$552,229$1,260,953
68$2,147,506$744,938$495,398$1,281,783
69$2,288,848$703,736$434,291$1,303,972
70$2,442,159$658,068$368,688$1,327,745
71$2,608,584$607,638$298,363$1,353,360
72$2,789,379$552,132$223,078$1,381,105
73$2,985,929$491,220$142,585$1,411,309
74$3,199,757$424,552$56,624$1,444,343
75$3,432,536$351,759$0$1,480,626
76$3,686,111$272,452$0$1,528,869
77$3,962,509$186,217$0$1,596,081
78$4,263,963$92,619$0$1,669,621
79$4,592,929$0$0$1,750,228
80$4,952,113$0$0$1,842,890
81$5,344,490$0$0$1,992,115
82$5,773,338$0$0$2,155,340
83$6,242,266$0$0$2,333,955
84$6,755,246$0$0$2,529,491
85$7,316,653$0$0$2,743,631
86$7,931,303$0$0$2,978,231
87$8,604,499$0$0$3,235,336
88$9,342,085$0$0$3,517,195
89$10,150,492$0$0$3,826,287
90$11,036,805$0$0$4,165,342
91$12,008,827$0$0$4,537,367
92$13,075,153$0$0$4,945,674
93$14,245,249$0$0$5,393,912
94$15,529,543$0$0$5,886,099
95$16,939,520$0$0$6,426,662
96$18,487,832$0$0$7,020,479
97$20,188,418$0$0$7,672,921
98$22,056,630$0$0$8,389,907
99$24,109,383$0$0$9,177,957
100$26,365,310$0$0$10,044,256