Can I retire at age 55 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$77,046$76,360$75,690$75,037$74,399$73,076
2 years$38,142$37,431$36,743$36,075$35,428$34,100
3 years$25,175$24,462$23,775$23,114$22,477$21,185
4 years$18,693$17,982$17,302$16,652$16,031$14,785
5 years$14,805$14,098$13,427$12,791$12,186$10,990
6 years$12,214$11,512$10,851$10,229$9,643$8,497
7 years$10,364$9,668$9,017$8,410$7,842$6,747
8 years$8,977$8,287$7,647$7,055$6,506$5,462
9 years$7,898$7,215$6,587$6,009$5,479$4,485
10 years$7,036$6,360$5,742$5,180$4,668$3,724
11 years$6,332$5,662$5,056$4,508$4,015$3,119
12 years$5,745$5,082$4,487$3,954$3,479$2,631
13 years$5,248$4,593$4,009$3,491$3,034$2,231
14 years$4,823$4,175$3,602$3,099$2,659$1,901
15 years$4,455$3,814$3,252$2,764$2,342$1,626
16 years$4,134$3,499$2,948$2,474$2,070$1,396
17 years$3,850$3,222$2,683$2,223$1,835$1,201
18 years$3,598$2,978$2,449$2,004$1,632$1,036
19 years$3,373$2,760$2,242$1,810$1,454$895
20 years$3,171$2,564$2,058$1,640$1,299$775
21 years$2,988$2,389$1,893$1,488$1,162$672
22 years$2,822$2,230$1,744$1,353$1,042$583
23 years$2,671$2,085$1,611$1,232$935$507
24 years$2,533$1,954$1,490$1,124$841$440
25 years$2,405$1,834$1,380$1,026$756$383
26 years$2,288$1,723$1,279$938$681$334
27 years$2,180$1,622$1,188$859$614$291
28 years$2,079$1,528$1,105$787$554$254
29 years$1,986$1,442$1,028$722$501$221
30 years$1,899$1,362$957$662$452$193
31 years$1,818$1,287$893$608$409$169
32 years$1,742$1,218$833$559$370$147
33 years$1,671$1,153$778$514$335$128
34 years$1,604$1,093$727$473$303$112
35 years$1,541$1,037$679$435$275$98
36 years$1,482$984$635$401$249$86
37 years$1,426$935$595$370$225$75
38 years$1,373$888$557$341$204$65
39 years$1,323$845$522$314$185$57
40 years$1,276$804$489$290$168$50
41 years$1,231$765$459$267$153$44
42 years$1,188$728$430$247$138$38
43 years$1,147$694$404$228$126$33
44 years$1,109$662$379$210$114$29
45 years$1,072$631$356$194$103$26
46 years$1,037$602$334$179$94$22
47 years$1,003$574$314$166$85$20
48 years$971$548$295$153$77$17
49 years$940$524$277$141$70$15
50 years$911$500$261$131$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $933,000, adding $6,402 every year, while hoping to spend $56,568 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: 67/25/8 Blend
54$933,000$933,000$933,000$933,000
55$1,034,770$985,321$970,859$1,102,133
56$1,080,128$973,413$943,195$1,135,775
57$1,128,218$959,027$912,708$1,165,145
58$1,179,256$941,980$879,244$1,195,755
59$1,233,484$922,080$842,642$1,227,716
60$1,291,161$899,124$802,733$1,261,155
61$1,352,576$872,898$759,341$1,296,213
62$1,418,041$843,172$712,281$1,333,047
63$1,487,900$809,706$661,361$1,371,830
64$1,562,529$772,244$606,380$1,412,757
65$1,642,340$730,517$547,127$1,456,045
66$1,727,785$684,240$483,382$1,501,935
67$1,819,360$633,109$414,917$1,550,694
68$1,917,610$576,806$341,491$1,602,622
69$2,023,130$514,993$262,855$1,658,048
70$2,136,576$447,314$178,748$1,717,343
71$2,258,666$373,393$88,895$1,780,916
72$2,390,191$292,830$0$1,849,223
73$2,532,017$205,205$0$1,923,365
74$2,685,098$110,075$0$2,011,444
75$2,850,479$6,970$0$2,106,515
76$3,029,312$0$0$2,209,295
77$3,222,859$0$0$2,349,360
78$3,432,513$0$0$2,503,204
79$3,659,800$0$0$2,670,037
80$3,906,401$0$0$2,851,100
81$4,174,165$0$0$3,047,757
82$4,465,124$0$0$3,261,506
83$4,781,514$0$0$3,493,999
84$5,125,796$0$0$3,747,049
85$5,500,676$0$0$4,022,656
86$5,909,134$0$0$4,323,018
87$6,354,447$0$0$4,650,553
88$6,840,224$0$0$5,007,923
89$7,370,435$0$0$5,398,061
90$7,949,451$0$0$5,824,191
91$8,582,085$0$0$6,289,866
92$9,273,634$0$0$6,798,996
93$10,029,930$0$0$7,355,884
94$10,857,396$0$0$7,965,273
95$11,763,103$0$0$8,632,380
96$12,754,836$0$0$9,362,953
97$13,841,171$0$0$10,163,322
98$15,031,550$0$0$11,040,458
99$16,336,373$0$0$12,002,036
100$17,767,094$0$0$13,056,512