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%17.1%
1 years$77,211$76,524$75,853$75,198$74,558$72,404
2 years$38,223$37,512$36,822$36,153$35,504$33,350
3 years$25,229$24,514$23,826$23,163$22,525$20,440
4 years$18,733$18,021$17,339$16,688$16,065$14,065
5 years$14,837$14,128$13,456$12,818$12,212$10,302
6 years$12,240$11,537$10,874$10,251$9,663$7,844
7 years$10,386$9,689$9,037$8,428$7,859$6,132
8 years$8,996$8,305$7,664$7,070$6,520$4,883
9 years$7,915$7,231$6,601$6,022$5,491$3,943
10 years$7,051$6,374$5,755$5,191$4,678$3,217
11 years$6,345$5,674$5,066$4,518$4,023$2,647
12 years$5,757$5,093$4,496$3,963$3,487$2,192
13 years$5,260$4,602$4,017$3,498$3,040$1,825
14 years$4,834$4,183$3,609$3,105$2,665$1,526
15 years$4,465$3,822$3,259$2,769$2,347$1,280
16 years$4,142$3,506$2,955$2,480$2,074$1,077
17 years$3,858$3,229$2,689$2,228$1,839$908
18 years$3,606$2,984$2,454$2,008$1,635$767
19 years$3,380$2,765$2,247$1,814$1,457$649
20 years$3,178$2,570$2,062$1,643$1,302$550
21 years$2,995$2,394$1,897$1,491$1,165$467
22 years$2,828$2,234$1,748$1,356$1,044$396
23 years$2,677$2,090$1,614$1,235$937$337
24 years$2,538$1,958$1,493$1,126$842$287
25 years$2,411$1,837$1,383$1,029$758$244
26 years$2,293$1,727$1,282$941$683$208
27 years$2,185$1,625$1,191$861$616$177
28 years$2,084$1,531$1,107$789$556$151
29 years$1,990$1,445$1,030$723$502$129
30 years$1,903$1,364$959$664$453$110
31 years$1,822$1,290$894$610$410$93
32 years$1,746$1,220$835$560$371$80
33 years$1,674$1,156$779$515$335$68
34 years$1,607$1,095$728$474$304$58
35 years$1,544$1,039$681$436$275$50
36 years$1,485$986$637$402$249$42
37 years$1,429$937$596$370$226$36
38 years$1,376$890$558$341$205$31
39 years$1,326$846$523$315$186$26
40 years$1,278$805$490$290$168$22
41 years$1,233$767$460$268$153$19
42 years$1,190$730$431$247$139$16
43 years$1,150$696$405$228$126$14
44 years$1,111$663$380$211$114$12
45 years$1,074$632$357$195$104$10
46 years$1,039$603$335$180$94$9
47 years$1,005$576$315$166$86$7
48 years$973$549$296$153$78$6
49 years$942$525$278$142$71$5
50 years$913$501$261$131$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $935,000, adding $3,885 every year, while hoping to spend $46,684 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: 78/9/13 Blend
54$935,000$935,000$935,000$935,000
55$1,034,377$984,822$970,330$1,112,101
56$1,090,212$983,407$953,165$1,162,396
57$1,150,178$980,358$933,859$1,211,197
58$1,214,646$975,546$912,294$1,263,402
59$1,284,025$968,833$888,341$1,319,332
60$1,358,764$960,073$861,868$1,379,343
61$1,439,355$949,114$832,738$1,443,823
62$1,526,338$935,790$800,804$1,513,204
63$1,620,310$919,929$765,916$1,587,960
64$1,721,922$901,346$727,915$1,668,613
65$1,831,894$879,848$686,636$1,755,742
66$1,951,014$855,227$641,905$1,849,982
67$2,080,152$827,267$593,543$1,952,034
68$2,220,260$795,736$541,359$2,062,672
69$2,372,389$760,390$485,157$2,182,748
70$2,537,694$720,970$424,731$2,313,204
71$2,717,445$677,203$359,866$2,455,077
72$2,913,038$628,801$290,335$2,609,510
73$3,126,012$575,456$215,906$2,777,765
74$3,358,059$516,847$136,332$2,961,233
75$3,611,040$452,631$51,358$3,161,447
76$3,887,005$382,449$0$3,380,101
77$4,188,208$305,918$0$3,624,513
78$4,517,133$222,636$0$3,899,243
79$4,876,513$132,178$0$4,199,469
80$5,269,357$34,094$0$4,527,734
81$5,698,977$0$0$4,886,842
82$6,169,021$0$0$5,287,020
83$6,683,505$0$0$5,728,758
84$7,246,852$0$0$6,212,480
85$7,863,931$0$0$6,742,373
86$8,540,107$0$0$7,323,046
87$9,281,284$0$0$7,959,576
88$10,093,970$0$0$8,657,553
89$10,985,329$0$0$9,423,137
90$11,963,251$0$0$10,263,108
91$13,036,431$0$0$11,184,940
92$14,214,443$0$0$12,196,861
93$15,507,832$0$0$13,307,936
94$16,928,219$0$0$14,528,151
95$18,488,400$0$0$15,868,506
96$20,202,475$0$0$17,341,120
97$22,085,976$0$0$18,959,342
98$24,156,014$0$0$20,737,880
99$26,431,439$0$0$22,692,937
100$28,933,021$0$0$24,842,362