Can I retire at age 55 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$77,294$76,606$75,934$75,278$74,638$71,733
2 years$38,264$37,552$36,861$36,191$35,542$32,651
3 years$25,256$24,540$23,852$23,188$22,549$19,762
4 years$18,753$18,040$17,358$16,706$16,082$13,421
5 years$14,853$14,143$13,470$12,832$12,226$9,697
6 years$12,253$11,549$10,886$10,262$9,674$7,279
7 years$10,397$9,699$9,046$8,437$7,867$5,606
8 years$9,006$8,314$7,672$7,077$6,527$4,396
9 years$7,924$7,239$6,608$6,028$5,496$3,494
10 years$7,059$6,381$5,761$5,196$4,683$2,805
11 years$6,352$5,680$5,072$4,522$4,028$2,269
12 years$5,763$5,098$4,501$3,967$3,490$1,847
13 years$5,265$4,607$4,021$3,502$3,044$1,510
14 years$4,839$4,188$3,613$3,109$2,668$1,240
15 years$4,470$3,826$3,262$2,772$2,349$1,021
16 years$4,147$3,510$2,958$2,482$2,076$843
17 years$3,862$3,233$2,691$2,230$1,841$697
18 years$3,610$2,987$2,457$2,010$1,637$578
19 years$3,384$2,768$2,249$1,816$1,459$480
20 years$3,181$2,573$2,064$1,645$1,303$398
21 years$2,998$2,396$1,899$1,493$1,166$331
22 years$2,831$2,237$1,750$1,357$1,045$276
23 years$2,680$2,092$1,616$1,236$938$230
24 years$2,541$1,960$1,494$1,128$843$191
25 years$2,413$1,839$1,384$1,030$759$159
26 years$2,296$1,729$1,284$942$684$133
27 years$2,187$1,627$1,192$862$616$111
28 years$2,086$1,533$1,108$790$556$93
29 years$1,993$1,446$1,031$724$502$77
30 years$1,905$1,366$960$665$454$64
31 years$1,824$1,291$895$610$410$54
32 years$1,748$1,222$835$561$371$45
33 years$1,676$1,157$780$516$336$38
34 years$1,609$1,097$729$475$304$31
35 years$1,546$1,040$681$437$275$26
36 years$1,487$987$637$402$250$22
37 years$1,430$938$597$371$226$18
38 years$1,377$891$559$342$205$15
39 years$1,327$847$523$315$186$13
40 years$1,280$806$491$291$169$11
41 years$1,235$767$460$268$153$9
42 years$1,192$731$432$247$139$7
43 years$1,151$696$405$228$126$6
44 years$1,112$664$380$211$114$5
45 years$1,075$633$357$195$104$4
46 years$1,040$604$335$180$94$4
47 years$1,006$576$315$166$86$3
48 years$974$550$296$154$78$3
49 years$943$525$278$142$71$2
50 years$914$502$262$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $936,000, adding $3,265 every year, while hoping to spend $23,295 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: 76/8/16 Blend
54$936,000$936,000$936,000$936,000
55$1,034,840$985,232$970,724$1,109,606
56$1,115,608$1,008,723$978,457$1,182,945
57$1,203,833$1,032,583$985,669$1,260,098
58$1,300,253$1,056,808$992,317$1,344,054
59$1,405,676$1,081,389$998,358$1,435,481
60$1,520,995$1,106,318$1,003,743$1,535,121
61$1,647,194$1,131,584$1,008,425$1,643,786
62$1,785,352$1,157,177$1,012,353$1,762,373
63$1,936,663$1,183,083$1,015,471$1,891,870
64$2,102,437$1,209,289$1,017,724$2,033,365
65$2,284,120$1,235,778$1,019,051$2,188,057
66$2,483,302$1,262,533$1,019,391$2,357,267
67$2,701,736$1,289,534$1,018,678$2,542,450
68$2,941,352$1,316,760$1,016,843$2,745,210
69$3,204,276$1,344,188$1,013,813$2,967,313
70$3,492,850$1,371,791$1,009,514$3,210,707
71$3,809,653$1,399,541$1,003,865$3,477,535
72$4,157,527$1,427,408$996,784$3,770,162
73$4,539,601$1,455,358$988,183$4,091,191
74$4,959,325$1,483,354$977,971$4,443,494
75$5,420,495$1,511,358$966,053$4,830,231
76$5,927,298$1,539,327$952,328$5,254,888
77$6,484,343$1,567,215$936,691$5,721,305
78$7,096,709$1,594,971$919,034$6,233,713
79$7,769,992$1,622,543$899,239$6,796,776
80$8,510,356$1,649,873$877,189$7,415,631
81$9,324,593$1,676,898$852,756$8,095,942
82$10,220,188$1,703,552$825,810$8,843,949
83$11,205,385$1,729,763$796,212$9,666,528
84$12,289,268$1,755,456$763,819$10,571,257
85$13,481,846$1,780,546$728,480$11,566,489
86$14,794,148$1,804,947$690,038$12,661,426
87$16,238,326$1,828,563$648,328$13,866,210
88$17,827,767$1,851,295$603,179$15,192,018
89$19,577,226$1,873,035$554,412$16,651,168
90$21,502,956$1,893,667$501,838$18,257,232
91$23,622,869$1,913,068$445,262$20,025,169
92$25,956,703$1,931,109$384,478$21,971,464
93$28,526,202$1,947,649$319,274$24,114,284
94$31,355,331$1,962,540$249,426$26,473,649
95$34,470,494$1,975,624$174,701$29,071,622
96$37,900,786$1,986,732$94,855$31,932,517
97$41,678,269$1,995,684$9,636$35,083,128
98$45,838,270$2,002,291$0$38,552,984
99$50,419,720$2,006,349$0$42,388,508
100$55,465,514$2,007,643$0$46,614,337