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%12.7%
1 years$77,294$76,606$75,934$75,278$74,638$73,797
2 years$38,264$37,552$36,861$36,191$35,542$34,695
3 years$25,256$24,540$23,852$23,188$22,549$21,723
4 years$18,753$18,040$17,358$16,706$16,082$15,283
5 years$14,853$14,143$13,470$12,832$12,226$11,456
6 years$12,253$11,549$10,886$10,262$9,674$8,934
7 years$10,397$9,699$9,046$8,437$7,867$7,159
8 years$9,006$8,314$7,672$7,077$6,527$5,848
9 years$7,924$7,239$6,608$6,028$5,496$4,848
10 years$7,059$6,381$5,761$5,196$4,683$4,065
11 years$6,352$5,680$5,072$4,522$4,028$3,439
12 years$5,763$5,098$4,501$3,967$3,490$2,930
13 years$5,265$4,607$4,021$3,502$3,044$2,512
14 years$4,839$4,188$3,613$3,109$2,668$2,163
15 years$4,470$3,826$3,262$2,772$2,349$1,871
16 years$4,147$3,510$2,958$2,482$2,076$1,623
17 years$3,862$3,233$2,691$2,230$1,841$1,413
18 years$3,610$2,987$2,457$2,010$1,637$1,233
19 years$3,384$2,768$2,249$1,816$1,459$1,078
20 years$3,181$2,573$2,064$1,645$1,303$944
21 years$2,998$2,396$1,899$1,493$1,166$828
22 years$2,831$2,237$1,750$1,357$1,045$728
23 years$2,680$2,092$1,616$1,236$938$640
24 years$2,541$1,960$1,494$1,128$843$564
25 years$2,413$1,839$1,384$1,030$759$497
26 years$2,296$1,729$1,284$942$684$438
27 years$2,187$1,627$1,192$862$616$387
28 years$2,086$1,533$1,108$790$556$342
29 years$1,993$1,446$1,031$724$502$302
30 years$1,905$1,366$960$665$454$267
31 years$1,824$1,291$895$610$410$236
32 years$1,748$1,222$835$561$371$209
33 years$1,676$1,157$780$516$336$185
34 years$1,609$1,097$729$475$304$164
35 years$1,546$1,040$681$437$275$145
36 years$1,487$987$637$402$250$128
37 years$1,430$938$597$371$226$114
38 years$1,377$891$559$342$205$101
39 years$1,327$847$523$315$186$89
40 years$1,280$806$491$291$169$79
41 years$1,235$767$460$268$153$70
42 years$1,192$731$432$247$139$62
43 years$1,151$696$405$228$126$55
44 years$1,112$664$380$211$114$49
45 years$1,075$633$357$195$104$43
46 years$1,040$604$335$180$94$38
47 years$1,006$576$315$166$86$34
48 years$974$550$296$154$78$30
49 years$943$525$278$142$71$27
50 years$914$502$262$131$64$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $936,000, adding $3,343 every year, while hoping to spend $50,002 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: 67/5/28 Blend
54$936,000$936,000$936,000$936,000
55$1,034,920$985,312$970,804$1,096,458
56$1,087,280$980,391$950,125$1,133,416
57$1,143,305$973,552$927,076$1,167,888
58$1,203,316$964,650$901,527$1,204,474
59$1,267,665$953,529$873,339$1,243,388
60$1,336,739$940,023$842,367$1,284,864
61$1,410,960$923,958$808,460$1,329,163
62$1,490,795$905,150$771,461$1,376,572
63$1,576,755$883,401$731,204$1,427,411
64$1,669,400$858,504$687,515$1,482,033
65$1,769,348$830,239$640,216$1,540,831
66$1,877,275$798,374$589,116$1,604,236
67$1,993,925$762,662$534,020$1,672,730
68$2,120,116$722,843$474,720$1,746,842
69$2,256,747$678,642$411,003$1,827,160
70$2,404,806$629,767$342,642$1,914,334
71$2,565,381$575,910$269,405$2,009,082
72$2,739,665$516,745$191,046$2,112,198
73$2,928,974$451,928$107,309$2,224,562
74$3,134,753$381,097$17,928$2,347,144
75$3,358,593$303,865$0$2,481,019
76$3,602,244$219,829$0$2,650,514
77$3,867,630$128,558$0$2,841,021
78$4,156,872$29,601$0$3,048,717
79$4,472,301$0$0$3,275,298
80$4,816,484$0$0$3,526,899
81$5,192,245$0$0$3,803,415
82$5,602,695$0$0$4,105,515
83$6,051,258$0$0$4,435,725
84$6,541,702$0$0$4,796,826
85$7,078,178$0$0$5,191,883
86$7,665,255$0$0$5,624,268
87$8,307,965$0$0$6,097,694
88$9,011,848$0$0$6,616,252
89$9,783,006$0$0$7,184,446
90$10,628,158$0$0$7,807,235
91$11,554,705$0$0$8,490,083
92$12,570,798$0$0$9,239,007
93$13,685,415$0$0$10,060,634
94$14,908,442$0$0$10,962,262
95$16,250,773$0$0$11,951,934
96$17,724,404$0$0$13,038,504
97$19,342,550$0$0$14,231,731
98$21,119,771$0$0$15,542,360
99$23,072,103$0$0$16,982,232
100$25,217,214$0$0$18,564,389