Can I retire at age 55 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$77,211$76,524$75,853$75,198$74,558$72,172
2 years$38,223$37,512$36,822$36,153$35,504$33,121
3 years$25,229$24,514$23,826$23,163$22,525$20,222
4 years$18,733$18,021$17,339$16,688$16,065$13,858
5 years$14,837$14,128$13,456$12,818$12,212$10,108
6 years$12,240$11,537$10,874$10,251$9,663$7,663
7 years$10,386$9,689$9,037$8,428$7,859$5,963
8 years$8,996$8,305$7,664$7,070$6,520$4,726
9 years$7,915$7,231$6,601$6,022$5,491$3,798
10 years$7,051$6,374$5,755$5,191$4,678$3,083
11 years$6,345$5,674$5,066$4,518$4,023$2,524
12 years$5,757$5,093$4,496$3,963$3,487$2,079
13 years$5,260$4,602$4,017$3,498$3,040$1,721
14 years$4,834$4,183$3,609$3,105$2,665$1,431
15 years$4,465$3,822$3,259$2,769$2,347$1,194
16 years$4,142$3,506$2,955$2,480$2,074$998
17 years$3,858$3,229$2,689$2,228$1,839$837
18 years$3,606$2,984$2,454$2,008$1,635$703
19 years$3,380$2,765$2,247$1,814$1,457$591
20 years$3,178$2,570$2,062$1,643$1,302$498
21 years$2,995$2,394$1,897$1,491$1,165$420
22 years$2,828$2,234$1,748$1,356$1,044$355
23 years$2,677$2,090$1,614$1,235$937$299
24 years$2,538$1,958$1,493$1,126$842$253
25 years$2,411$1,837$1,383$1,029$758$214
26 years$2,293$1,727$1,282$941$683$181
27 years$2,185$1,625$1,191$861$616$153
28 years$2,084$1,531$1,107$789$556$130
29 years$1,990$1,445$1,030$723$502$110
30 years$1,903$1,364$959$664$453$93
31 years$1,822$1,290$894$610$410$79
32 years$1,746$1,220$835$560$371$67
33 years$1,674$1,156$779$515$335$57
34 years$1,607$1,095$728$474$304$48
35 years$1,544$1,039$681$436$275$41
36 years$1,485$986$637$402$249$35
37 years$1,429$937$596$370$226$29
38 years$1,376$890$558$341$205$25
39 years$1,326$846$523$315$186$21
40 years$1,278$805$490$290$168$18
41 years$1,233$767$460$268$153$15
42 years$1,190$730$431$247$139$13
43 years$1,150$696$405$228$126$11
44 years$1,111$663$380$211$114$9
45 years$1,074$632$357$195$104$8
46 years$1,039$603$335$180$94$7
47 years$1,005$576$315$166$86$6
48 years$973$549$296$153$78$5
49 years$942$525$278$142$71$4
50 years$913$501$261$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $935,000, adding $6,579 every year, while hoping to spend $38,153 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: 43/42/15 Blend
54$935,000$935,000$935,000$935,000
55$1,037,156$987,601$973,109$1,076,969
56$1,102,352$995,399$965,113$1,113,350
57$1,172,918$1,002,301$955,571$1,148,439
58$1,249,364$1,008,221$944,391$1,185,630
59$1,332,246$1,013,071$931,475$1,225,134
60$1,422,179$1,016,755$916,723$1,267,183
61$1,519,837$1,019,173$900,030$1,312,037
62$1,625,964$1,020,215$881,284$1,359,983
63$1,741,375$1,019,768$860,369$1,411,340
64$1,866,969$1,017,711$837,166$1,466,461
65$2,003,735$1,013,914$811,546$1,525,738
66$2,152,761$1,008,240$783,377$1,589,606
67$2,315,243$1,000,545$752,522$1,658,547
68$2,492,500$990,674$718,833$1,733,096
69$2,685,982$978,464$682,161$1,813,844
70$2,897,286$963,742$642,347$1,901,446
71$3,128,168$946,325$599,225$1,996,631
72$3,380,565$926,018$552,622$2,100,201
73$3,656,605$902,616$502,358$2,213,049
74$3,958,635$875,900$448,243$2,336,160
75$4,289,238$845,641$390,081$2,470,626
76$4,651,257$811,594$327,665$2,617,656
77$5,047,824$773,501$260,781$2,778,587
78$5,482,388$731,089$189,203$2,954,898
79$5,958,748$684,068$112,698$3,148,225
80$6,481,087$632,134$31,020$3,360,378
81$7,054,012$574,964$0$3,593,360
82$7,682,600$512,215$0$3,858,370
83$8,372,440$443,528$0$4,154,750
84$9,129,689$368,521$0$4,480,280
85$9,961,130$286,792$0$4,837,998
86$10,874,234$197,914$0$5,231,255
87$11,877,233$101,439$0$5,663,754
88$12,979,194$0$0$6,139,581
89$14,190,105$0$0$6,664,687
90$15,520,970$0$0$7,293,458
91$16,983,913$0$0$7,984,757
92$18,592,290$0$0$8,744,910
93$20,360,815$0$0$9,580,889
94$22,305,702$0$0$10,500,374
95$24,444,813$0$0$11,511,826
96$26,797,826$0$0$12,624,570
97$29,386,425$0$0$13,848,877
98$32,234,501$0$0$15,196,067
99$35,368,376$0$0$16,678,610
100$38,817,054$0$0$18,310,248