Can I retire at age 55 with 932,000?

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 $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%11.3%
1 years$76,964$76,278$75,609$74,956$74,319$73,913
2 years$38,101$37,391$36,704$36,037$35,390$34,980
3 years$25,148$24,436$23,750$23,089$22,453$22,052
4 years$18,673$17,963$17,284$16,634$16,014$15,625
5 years$14,789$14,083$13,413$12,777$12,173$11,798
6 years$12,201$11,500$10,840$10,218$9,632$9,270
7 years$10,353$9,658$9,008$8,401$7,834$7,486
8 years$8,967$8,278$7,639$7,047$6,499$6,165
9 years$7,890$7,208$6,580$6,002$5,473$5,153
10 years$7,029$6,353$5,736$5,174$4,663$4,357
11 years$6,325$5,656$5,050$4,503$4,010$3,717
12 years$5,738$5,076$4,482$3,950$3,475$3,196
13 years$5,243$4,588$4,004$3,487$3,031$2,764
14 years$4,818$4,170$3,598$3,095$2,657$2,402
15 years$4,450$3,809$3,248$2,761$2,339$2,097
16 years$4,129$3,495$2,945$2,472$2,067$1,838
17 years$3,846$3,219$2,680$2,221$1,833$1,615
18 years$3,594$2,974$2,446$2,001$1,630$1,423
19 years$3,370$2,757$2,240$1,809$1,453$1,257
20 years$3,168$2,562$2,055$1,638$1,298$1,112
21 years$2,985$2,386$1,891$1,487$1,161$986
22 years$2,819$2,227$1,742$1,352$1,041$875
23 years$2,668$2,083$1,609$1,231$934$778
24 years$2,530$1,952$1,488$1,123$840$693
25 years$2,403$1,832$1,378$1,025$756$617
26 years$2,286$1,721$1,278$937$681$550
27 years$2,178$1,620$1,187$858$614$491
28 years$2,077$1,527$1,103$786$554$439
29 years$1,984$1,440$1,027$721$500$392
30 years$1,897$1,360$956$662$452$351
31 years$1,816$1,286$892$608$408$314
32 years$1,740$1,217$832$558$369$281
33 years$1,669$1,152$777$514$334$251
34 years$1,602$1,092$726$473$303$225
35 years$1,539$1,036$679$435$274$202
36 years$1,480$983$635$401$248$181
37 years$1,424$934$594$369$225$162
38 years$1,372$887$556$340$204$145
39 years$1,322$844$521$314$185$130
40 years$1,274$803$489$289$168$117
41 years$1,229$764$458$267$152$105
42 years$1,187$728$430$246$138$94
43 years$1,146$693$403$227$125$85
44 years$1,107$661$379$210$114$76
45 years$1,071$630$355$194$103$68
46 years$1,035$601$334$179$94$61
47 years$1,002$574$314$166$85$55
48 years$970$548$295$153$77$49
49 years$939$523$277$141$70$44
50 years$910$500$260$131$64$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $932,000, adding $3,939 every year, while hoping to spend $31,184 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: 80/6/14 Blend
54$932,000$932,000$932,000$932,000
55$1,031,127$981,731$967,285$1,110,426
56$1,103,123$996,656$966,510$1,178,047
57$1,181,416$1,011,268$964,663$1,247,817
58$1,266,618$1,025,517$961,676$1,323,492
59$1,359,398$1,039,353$957,478$1,405,649
60$1,460,495$1,052,719$951,991$1,494,926
61$1,570,720$1,065,557$945,138$1,592,023
62$1,690,968$1,077,804$936,835$1,697,711
63$1,822,223$1,089,392$926,994$1,812,843
64$1,965,566$1,100,249$915,525$1,938,355
65$2,122,192$1,110,299$902,333$2,075,279
66$2,293,411$1,119,459$887,317$2,224,753
67$2,480,670$1,127,644$870,373$2,388,031
68$2,685,558$1,134,759$851,391$2,566,493
69$2,909,830$1,140,706$830,257$2,761,662
70$3,155,412$1,145,381$806,850$2,975,215
71$3,424,431$1,148,671$781,046$3,208,999
72$3,719,225$1,150,458$752,714$3,465,052
73$4,042,372$1,150,616$721,715$3,745,616
74$4,396,708$1,149,011$687,907$4,053,164
75$4,785,361$1,145,501$651,141$4,390,423
76$5,211,772$1,139,935$611,258$4,760,394
77$5,679,734$1,132,153$568,096$5,166,387
78$6,193,423$1,121,984$521,484$5,612,050
79$6,757,441$1,109,250$471,242$6,101,402
80$7,376,855$1,093,759$417,184$6,638,871
81$8,057,250$1,075,308$359,115$7,229,340
82$8,804,775$1,053,685$296,832$7,878,188
83$9,626,207$1,028,660$230,121$8,591,344
84$10,529,011$999,995$158,760$9,375,342
85$11,521,410$967,435$82,519$10,237,383
86$12,612,465$930,710$1,154$11,185,401
87$13,812,157$889,535$0$12,228,144
88$15,131,484$843,610$0$13,388,048
89$16,582,562$792,614$0$14,663,953
90$18,178,743$736,211$0$16,067,435
91$19,934,733$674,044$0$17,611,437
92$21,866,740$605,737$0$19,310,223
93$23,992,620$530,890$0$21,179,511
94$26,332,047$449,083$0$23,236,618
95$28,906,699$359,871$0$25,500,628
96$31,740,462$262,785$0$27,992,569
97$34,859,656$157,327$0$30,735,612
98$38,293,279$42,975$0$33,755,290
99$42,073,287$0$0$37,079,740
100$46,234,890$0$0$40,745,302