Can I retire at age 55 with 935,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.6%
1 years$77,211$76,524$75,853$75,198$74,558$73,143
2 years$38,223$37,512$36,822$36,153$35,504$34,083
3 years$25,229$24,514$23,826$23,163$22,525$21,144
4 years$18,733$18,021$17,339$16,688$16,065$14,733
5 years$14,837$14,128$13,456$12,818$12,212$10,934
6 years$12,240$11,537$10,874$10,251$9,663$8,440
7 years$10,386$9,689$9,037$8,428$7,859$6,691
8 years$8,996$8,305$7,664$7,070$6,520$5,407
9 years$7,915$7,231$6,601$6,022$5,491$4,432
10 years$7,051$6,374$5,755$5,191$4,678$3,673
11 years$6,345$5,674$5,066$4,518$4,023$3,071
12 years$5,757$5,093$4,496$3,963$3,487$2,585
13 years$5,260$4,602$4,017$3,498$3,040$2,188
14 years$4,834$4,183$3,609$3,105$2,665$1,861
15 years$4,465$3,822$3,259$2,769$2,347$1,588
16 years$4,142$3,506$2,955$2,480$2,074$1,360
17 years$3,858$3,229$2,689$2,228$1,839$1,168
18 years$3,606$2,984$2,454$2,008$1,635$1,005
19 years$3,380$2,765$2,247$1,814$1,457$867
20 years$3,178$2,570$2,062$1,643$1,302$749
21 years$2,995$2,394$1,897$1,491$1,165$647
22 years$2,828$2,234$1,748$1,356$1,044$561
23 years$2,677$2,090$1,614$1,235$937$486
24 years$2,538$1,958$1,493$1,126$842$422
25 years$2,411$1,837$1,383$1,029$758$366
26 years$2,293$1,727$1,282$941$683$318
27 years$2,185$1,625$1,191$861$616$276
28 years$2,084$1,531$1,107$789$556$240
29 years$1,990$1,445$1,030$723$502$209
30 years$1,903$1,364$959$664$453$182
31 years$1,822$1,290$894$610$410$159
32 years$1,746$1,220$835$560$371$138
33 years$1,674$1,156$779$515$335$120
34 years$1,607$1,095$728$474$304$105
35 years$1,544$1,039$681$436$275$91
36 years$1,485$986$637$402$249$80
37 years$1,429$937$596$370$226$69
38 years$1,376$890$558$341$205$61
39 years$1,326$846$523$315$186$53
40 years$1,278$805$490$290$168$46
41 years$1,233$767$460$268$153$40
42 years$1,190$730$431$247$139$35
43 years$1,150$696$405$228$126$31
44 years$1,111$663$380$211$114$27
45 years$1,074$632$357$195$104$23
46 years$1,039$603$335$180$94$20
47 years$1,005$576$315$166$86$18
48 years$973$549$296$153$78$15
49 years$942$525$278$142$71$13
50 years$913$501$261$131$64$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $935,000, adding $5,695 every year, while hoping to spend $36,367 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: 74/12/14 Blend
54$935,000$935,000$935,000$935,000
55$1,036,244$986,689$972,197$1,109,403
56$1,103,247$996,343$966,071$1,168,206
57$1,175,865$1,005,251$958,522$1,227,559
58$1,254,633$1,013,338$949,462$1,291,608
59$1,340,139$1,020,524$938,802$1,360,809
60$1,433,028$1,026,725$926,446$1,435,667
61$1,534,012$1,031,849$912,298$1,516,734
62$1,643,873$1,035,802$896,251$1,604,622
63$1,763,472$1,038,480$878,200$1,700,003
64$1,893,755$1,039,775$858,029$1,803,622
65$2,035,765$1,039,571$835,620$1,916,295
66$2,190,649$1,037,746$810,849$2,038,924
67$2,359,670$1,034,170$783,586$2,172,505
68$2,544,215$1,028,703$753,696$2,318,133
69$2,745,816$1,021,201$721,036$2,477,017
70$2,966,156$1,011,506$685,457$2,650,489
71$3,207,090$999,456$646,806$2,840,017
72$3,470,657$984,873$604,918$3,047,222
73$3,759,107$967,575$559,625$3,273,888
74$4,074,913$947,363$510,750$3,521,983
75$4,420,801$924,031$458,107$3,793,678
76$4,799,773$897,359$401,504$4,091,363
77$5,215,134$867,113$340,738$4,417,677
78$5,670,523$833,047$275,598$4,775,526
79$6,169,951$794,901$205,865$5,168,115
80$6,717,833$752,398$131,309$5,598,978
81$7,319,033$705,246$51,689$6,072,010
82$7,978,909$653,138$0$6,591,505
83$8,703,362$595,746$0$7,167,168
84$9,498,893$532,727$0$7,807,810
85$10,372,664$463,714$0$8,511,495
86$11,332,564$388,324$0$9,284,608
87$12,387,283$306,149$0$10,134,185
88$13,546,395$216,760$0$11,067,979
89$14,820,449$119,702$0$12,094,533
90$16,221,063$14,497$0$13,223,265
91$17,761,042$0$0$14,464,549
92$19,454,490$0$0$15,842,941
93$21,316,947$0$0$17,361,051
94$23,365,535$0$0$19,030,925
95$25,619,118$0$0$20,867,945
96$28,098,480$0$0$22,889,062
97$30,826,524$0$0$25,112,949
98$33,828,480$0$0$27,560,183
99$37,132,152$0$0$30,253,434
100$40,768,174$0$0$33,217,683