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%14.6%
1 years$76,964$76,278$75,609$74,956$74,319$72,908
2 years$38,101$37,391$36,704$36,037$35,390$33,974
3 years$25,148$24,436$23,750$23,089$22,453$21,076
4 years$18,673$17,963$17,284$16,634$16,014$14,686
5 years$14,789$14,083$13,413$12,777$12,173$10,899
6 years$12,201$11,500$10,840$10,218$9,632$8,413
7 years$10,353$9,658$9,008$8,401$7,834$6,670
8 years$8,967$8,278$7,639$7,047$6,499$5,390
9 years$7,890$7,208$6,580$6,002$5,473$4,418
10 years$7,029$6,353$5,736$5,174$4,663$3,662
11 years$6,325$5,656$5,050$4,503$4,010$3,061
12 years$5,738$5,076$4,482$3,950$3,475$2,577
13 years$5,243$4,588$4,004$3,487$3,031$2,181
14 years$4,818$4,170$3,598$3,095$2,657$1,855
15 years$4,450$3,809$3,248$2,761$2,339$1,583
16 years$4,129$3,495$2,945$2,472$2,067$1,356
17 years$3,846$3,219$2,680$2,221$1,833$1,164
18 years$3,594$2,974$2,446$2,001$1,630$1,002
19 years$3,370$2,757$2,240$1,809$1,453$864
20 years$3,168$2,562$2,055$1,638$1,298$746
21 years$2,985$2,386$1,891$1,487$1,161$645
22 years$2,819$2,227$1,742$1,352$1,041$559
23 years$2,668$2,083$1,609$1,231$934$484
24 years$2,530$1,952$1,488$1,123$840$420
25 years$2,403$1,832$1,378$1,025$756$365
26 years$2,286$1,721$1,278$937$681$317
27 years$2,178$1,620$1,187$858$614$276
28 years$2,077$1,527$1,103$786$554$240
29 years$1,984$1,440$1,027$721$500$209
30 years$1,897$1,360$956$662$452$182
31 years$1,816$1,286$892$608$408$158
32 years$1,740$1,217$832$558$369$138
33 years$1,669$1,152$777$514$334$120
34 years$1,602$1,092$726$473$303$104
35 years$1,539$1,036$679$435$274$91
36 years$1,480$983$635$401$248$79
37 years$1,424$934$594$369$225$69
38 years$1,372$887$556$340$204$60
39 years$1,322$844$521$314$185$53
40 years$1,274$803$489$289$168$46
41 years$1,229$764$458$267$152$40
42 years$1,187$728$430$246$138$35
43 years$1,146$693$403$227$125$30
44 years$1,107$661$379$210$114$27
45 years$1,071$630$355$194$103$23
46 years$1,035$601$334$179$94$20
47 years$1,002$574$314$166$85$18
48 years$970$548$295$153$77$15
49 years$939$523$277$141$70$13
50 years$910$500$260$131$64$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $932,000, adding $3,823 every year, while hoping to spend $41,939 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: 78/15/7 Blend
54$932,000$932,000$932,000$932,000
55$1,031,007$981,611$967,165$1,110,287
56$1,091,547$985,088$954,943$1,166,322
57$1,156,857$987,329$940,905$1,221,922
58$1,227,378$988,229$924,947$1,281,656
59$1,303,597$987,679$906,959$1,345,916
60$1,386,047$985,558$886,825$1,415,134
61$1,475,316$981,743$864,426$1,489,788
62$1,572,049$976,099$839,635$1,570,401
63$1,676,956$968,486$812,321$1,657,551
64$1,790,817$958,753$782,345$1,751,877
65$1,914,490$946,742$749,563$1,854,081
66$2,048,919$932,284$713,825$1,964,937
67$2,195,144$915,200$674,973$2,085,298
68$2,354,306$895,303$632,843$2,216,105
69$2,527,664$872,391$587,261$2,358,396
70$2,716,601$846,253$538,049$2,513,313
71$2,922,639$816,665$485,019$2,682,116
72$3,147,455$783,388$427,974$2,866,196
73$3,392,893$746,172$366,709$3,067,083
74$3,660,985$704,751$301,010$3,286,466
75$3,953,965$658,844$230,654$3,526,206
76$4,274,296$608,153$155,407$3,788,355
77$4,624,686$552,365$75,026$4,075,177
78$5,008,121$491,148$0$4,389,165
79$5,427,885$424,149$0$4,733,872
80$5,887,596$351,000$0$5,117,560
81$6,391,239$271,307$0$5,537,982
82$6,943,201$184,657$0$5,998,844
83$7,548,316$90,613$0$6,504,232
84$8,211,904$0$0$7,058,647
85$8,939,829$0$0$7,668,915
86$9,738,547$0$0$8,354,976
87$10,615,171$0$0$9,107,986
88$11,577,533$0$0$9,934,678
89$12,634,265$0$0$10,842,469
90$13,794,871$0$0$11,839,531
91$15,069,825$0$0$12,934,863
92$16,470,661$0$0$14,138,382
93$18,010,091$0$0$15,461,011
94$19,702,113$0$0$16,914,784
95$21,562,155$0$0$18,512,960
96$23,607,209$0$0$20,270,144
97$25,855,998$0$0$22,202,431
98$28,329,151$0$0$24,327,551
99$31,049,395$0$0$26,665,037
100$34,041,769$0$0$29,236,413