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%19.2%
1 years$77,046$76,360$75,690$75,037$74,399$71,645
2 years$38,142$37,431$36,743$36,075$35,428$32,685
3 years$25,175$24,462$23,775$23,114$22,477$19,831
4 years$18,693$17,982$17,302$16,652$16,031$13,501
5 years$14,805$14,098$13,427$12,791$12,186$9,780
6 years$12,214$11,512$10,851$10,229$9,643$7,362
7 years$10,364$9,668$9,017$8,410$7,842$5,686
8 years$8,977$8,287$7,647$7,055$6,506$4,472
9 years$7,898$7,215$6,587$6,009$5,479$3,565
10 years$7,036$6,360$5,742$5,180$4,668$2,871
11 years$6,332$5,662$5,056$4,508$4,015$2,330
12 years$5,745$5,082$4,487$3,954$3,479$1,903
13 years$5,248$4,593$4,009$3,491$3,034$1,562
14 years$4,823$4,175$3,602$3,099$2,659$1,287
15 years$4,455$3,814$3,252$2,764$2,342$1,063
16 years$4,134$3,499$2,948$2,474$2,070$881
17 years$3,850$3,222$2,683$2,223$1,835$732
18 years$3,598$2,978$2,449$2,004$1,632$609
19 years$3,373$2,760$2,242$1,810$1,454$507
20 years$3,171$2,564$2,058$1,640$1,299$423
21 years$2,988$2,389$1,893$1,488$1,162$353
22 years$2,822$2,230$1,744$1,353$1,042$295
23 years$2,671$2,085$1,611$1,232$935$247
24 years$2,533$1,954$1,490$1,124$841$206
25 years$2,405$1,834$1,380$1,026$756$173
26 years$2,288$1,723$1,279$938$681$144
27 years$2,180$1,622$1,188$859$614$121
28 years$2,079$1,528$1,105$787$554$101
29 years$1,986$1,442$1,028$722$501$85
30 years$1,899$1,362$957$662$452$71
31 years$1,818$1,287$893$608$409$60
32 years$1,742$1,218$833$559$370$50
33 years$1,671$1,153$778$514$335$42
34 years$1,604$1,093$727$473$303$35
35 years$1,541$1,037$679$435$275$29
36 years$1,482$984$635$401$249$25
37 years$1,426$935$595$370$225$21
38 years$1,373$888$557$341$204$17
39 years$1,323$845$522$314$185$15
40 years$1,276$804$489$290$168$12
41 years$1,231$765$459$267$153$10
42 years$1,188$728$430$247$138$9
43 years$1,147$694$404$228$126$7
44 years$1,109$662$379$210$114$6
45 years$1,072$631$356$194$103$5
46 years$1,037$602$334$179$94$4
47 years$1,003$574$314$166$85$4
48 years$971$548$295$153$77$3
49 years$940$524$277$141$70$3
50 years$911$500$261$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $933,000, adding $4,282 every year, while hoping to spend $33,965 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: 63/22/15 Blend
54$933,000$933,000$933,000$933,000
55$1,032,583$983,134$968,672$1,093,583
56$1,101,768$995,169$964,984$1,147,069
57$1,176,871$1,006,655$960,035$1,201,185
58$1,258,461$1,017,530$953,745$1,259,458
59$1,347,162$1,027,727$946,033$1,322,294
60$1,443,661$1,037,174$936,813$1,390,140
61$1,548,714$1,045,795$925,996$1,463,490
62$1,663,153$1,053,510$913,487$1,542,888
63$1,787,894$1,060,231$899,188$1,628,935
64$1,923,943$1,065,867$882,996$1,722,292
65$2,072,412$1,070,320$864,802$1,823,692
66$2,234,518$1,073,487$844,494$1,933,939
67$2,411,608$1,075,256$821,953$2,053,924
68$2,605,159$1,075,511$797,056$2,184,626
69$2,816,802$1,074,127$769,673$2,327,128
70$3,048,327$1,070,971$739,669$2,482,624
71$3,301,712$1,065,904$706,903$2,652,431
72$3,579,129$1,058,775$671,227$2,837,999
73$3,882,972$1,049,428$632,485$3,040,932
74$4,215,879$1,037,693$590,517$3,262,997
75$4,580,753$1,023,395$545,154$3,506,141
76$4,980,792$1,006,343$496,219$3,772,515
77$5,419,518$986,340$443,527$4,064,490
78$5,900,811$963,173$386,888$4,384,680
79$6,428,944$936,618$326,098$4,735,970
80$7,008,623$906,439$260,950$5,121,539
81$7,645,033$872,385$191,222$5,544,897
82$8,343,885$834,191$116,687$6,009,910
83$9,111,471$791,575$37,105$6,520,846
84$9,954,720$744,241$0$7,082,409
85$10,881,267$691,875$0$7,707,441
86$11,899,525$634,145$0$8,400,843
87$13,018,758$570,700$0$9,163,024
88$14,249,176$501,169$0$10,000,984
89$15,602,025$425,159$0$10,922,441
90$17,089,696$342,257$0$11,935,903
91$18,725,843$252,025$0$13,050,745
92$20,525,506$154,002$0$14,277,305
93$22,505,258$47,698$0$15,626,974
94$24,683,359$0$0$17,112,311
95$27,079,926$0$0$18,763,474
96$29,717,128$0$0$20,593,211
97$32,619,388$0$0$22,606,930
98$35,813,619$0$0$24,823,316
99$39,329,473$0$0$27,262,952
100$43,199,625$0$0$29,948,523