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%14.9%
1 years$77,211$76,524$75,853$75,198$74,558$73,053
2 years$38,223$37,512$36,822$36,153$35,504$33,994
3 years$25,229$24,514$23,826$23,163$22,525$21,058
4 years$18,733$18,021$17,339$16,688$16,065$14,651
5 years$14,837$14,128$13,456$12,818$12,212$10,856
6 years$12,240$11,537$10,874$10,251$9,663$8,366
7 years$10,386$9,689$9,037$8,428$7,859$6,621
8 years$8,996$8,305$7,664$7,070$6,520$5,341
9 years$7,915$7,231$6,601$6,022$5,491$4,371
10 years$7,051$6,374$5,755$5,191$4,678$3,616
11 years$6,345$5,674$5,066$4,518$4,023$3,017
12 years$5,757$5,093$4,496$3,963$3,487$2,534
13 years$5,260$4,602$4,017$3,498$3,040$2,141
14 years$4,834$4,183$3,609$3,105$2,665$1,817
15 years$4,465$3,822$3,259$2,769$2,347$1,548
16 years$4,142$3,506$2,955$2,480$2,074$1,323
17 years$3,858$3,229$2,689$2,228$1,839$1,133
18 years$3,606$2,984$2,454$2,008$1,635$973
19 years$3,380$2,765$2,247$1,814$1,457$837
20 years$3,178$2,570$2,062$1,643$1,302$722
21 years$2,995$2,394$1,897$1,491$1,165$623
22 years$2,828$2,234$1,748$1,356$1,044$538
23 years$2,677$2,090$1,614$1,235$937$465
24 years$2,538$1,958$1,493$1,126$842$403
25 years$2,411$1,837$1,383$1,029$758$349
26 years$2,293$1,727$1,282$941$683$302
27 years$2,185$1,625$1,191$861$616$262
28 years$2,084$1,531$1,107$789$556$227
29 years$1,990$1,445$1,030$723$502$197
30 years$1,903$1,364$959$664$453$171
31 years$1,822$1,290$894$610$410$149
32 years$1,746$1,220$835$560$371$129
33 years$1,674$1,156$779$515$335$112
34 years$1,607$1,095$728$474$304$98
35 years$1,544$1,039$681$436$275$85
36 years$1,485$986$637$402$249$74
37 years$1,429$937$596$370$226$64
38 years$1,376$890$558$341$205$56
39 years$1,326$846$523$315$186$49
40 years$1,278$805$490$290$168$42
41 years$1,233$767$460$268$153$37
42 years$1,190$730$431$247$139$32
43 years$1,150$696$405$228$126$28
44 years$1,111$663$380$211$114$24
45 years$1,074$632$357$195$104$21
46 years$1,039$603$335$180$94$18
47 years$1,005$576$315$166$86$16
48 years$973$549$296$153$78$14
49 years$942$525$278$142$71$12
50 years$913$501$261$131$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $935,000, adding $2,802 every year, while hoping to spend $59,853 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: 47/30/23 Blend
54$935,000$935,000$935,000$935,000
55$1,033,260$983,705$969,213$1,074,922
56$1,074,970$968,224$937,998$1,088,916
57$1,118,927$949,978$903,732$1,097,938
58$1,165,300$928,768$866,249$1,106,517
59$1,214,268$904,385$825,375$1,114,640
60$1,266,028$876,605$780,931$1,122,297
61$1,320,798$845,194$732,727$1,129,481
62$1,378,812$809,900$680,565$1,136,187
63$1,440,326$770,461$624,240$1,142,418
64$1,505,623$726,597$563,536$1,148,179
65$1,575,009$678,013$498,227$1,153,484
66$1,648,820$624,397$428,078$1,158,353
67$1,727,425$565,417$352,844$1,162,813
68$1,811,226$500,726$272,267$1,166,904
69$1,900,665$429,955$186,082$1,170,674
70$1,996,223$352,714$94,006$1,174,184
71$2,098,432$268,591$0$1,177,510
72$2,207,872$177,152$0$1,181,789
73$2,325,180$77,937$0$1,210,773
74$2,451,055$0$0$1,241,578
75$2,586,263$0$0$1,284,189
76$2,731,646$0$0$1,357,745
77$2,888,128$0$0$1,436,996
78$3,056,724$0$0$1,522,463
79$3,238,548$0$0$1,614,724
80$3,434,824$0$0$1,714,410
81$3,646,897$0$0$1,822,215
82$3,876,246$0$0$1,938,905
83$4,124,496$0$0$2,065,317
84$4,393,432$0$0$2,202,376
85$4,685,020$0$0$2,351,096
86$5,001,419$0$0$2,512,595
87$5,345,003$0$0$2,688,099
88$5,718,387$0$0$2,878,960
89$6,124,444$0$0$3,086,665
90$6,566,336$0$0$3,312,847
91$7,047,544$0$0$3,559,308
92$7,571,894$0$0$3,828,027
93$8,143,602$0$0$4,121,184
94$8,767,304$0$0$4,441,178
95$9,448,106$0$0$4,790,649
96$10,191,624$0$0$5,172,506
97$11,004,046$0$0$5,589,948
98$11,892,181$0$0$6,046,500
99$12,863,525$0$0$6,546,040
100$13,926,334$0$0$7,092,842