Can I retire at age 55 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$77,542$76,851$76,177$75,519$74,877$74,157
2 years$38,387$37,672$36,979$36,307$35,656$34,930
3 years$25,337$24,619$23,928$23,263$22,622$21,913
4 years$18,813$18,098$17,413$16,759$16,134$15,448
5 years$14,900$14,189$13,514$12,873$12,265$11,604
6 years$12,292$11,586$10,921$10,294$9,705$9,069
7 years$10,430$9,730$9,075$8,464$7,892$7,283
8 years$9,034$8,340$7,697$7,100$6,548$5,964
9 years$7,949$7,262$6,629$6,048$5,514$4,955
10 years$7,082$6,401$5,779$5,213$4,698$4,165
11 years$6,372$5,698$5,088$4,537$4,041$3,532
12 years$5,781$5,115$4,516$3,979$3,502$3,017
13 years$5,282$4,622$4,034$3,513$3,053$2,593
14 years$4,854$4,201$3,625$3,119$2,677$2,239
15 years$4,484$3,838$3,273$2,781$2,357$1,942
16 years$4,160$3,521$2,967$2,490$2,083$1,690
17 years$3,875$3,243$2,700$2,238$1,847$1,475
18 years$3,621$2,997$2,465$2,017$1,642$1,290
19 years$3,395$2,777$2,256$1,822$1,464$1,131
20 years$3,191$2,581$2,071$1,650$1,307$994
21 years$3,007$2,404$1,905$1,498$1,170$875
22 years$2,840$2,244$1,756$1,362$1,049$771
23 years$2,688$2,099$1,621$1,240$941$680
24 years$2,549$1,966$1,499$1,131$846$601
25 years$2,421$1,845$1,388$1,033$761$531
26 years$2,303$1,734$1,288$945$686$470
27 years$2,194$1,632$1,196$865$618$416
28 years$2,093$1,538$1,112$792$558$369
29 years$1,999$1,451$1,034$726$504$327
30 years$1,911$1,370$964$667$455$290
31 years$1,830$1,295$898$612$412$257
32 years$1,753$1,226$838$563$372$228
33 years$1,682$1,161$783$517$337$203
34 years$1,614$1,100$731$476$305$180
35 years$1,551$1,043$684$438$276$160
36 years$1,491$990$639$404$250$142
37 years$1,435$941$599$372$227$126
38 years$1,382$894$561$343$206$112
39 years$1,331$850$525$316$187$100
40 years$1,284$809$492$292$169$89
41 years$1,238$770$462$269$153$79
42 years$1,195$733$433$248$139$70
43 years$1,155$699$406$229$126$63
44 years$1,116$666$381$212$115$56
45 years$1,079$635$358$195$104$50
46 years$1,043$606$336$180$95$44
47 years$1,009$578$316$167$86$39
48 years$977$552$297$154$78$35
49 years$946$527$279$142$71$31
50 years$917$503$262$132$64$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $939,000, adding $2,179 every year, while hoping to spend $30,197 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: 37/43/20 Blend
54$939,000$939,000$939,000$939,000
55$1,037,026$987,259$972,704$1,069,070
56$1,110,673$1,003,505$973,160$1,108,774
57$1,190,820$1,019,535$972,620$1,148,638
58$1,278,098$1,035,307$971,017$1,191,076
59$1,373,202$1,050,775$968,284$1,236,337
60$1,476,896$1,065,890$964,348$1,284,694
61$1,590,020$1,080,600$959,135$1,336,452
62$1,713,502$1,094,848$952,566$1,391,947
63$1,848,359$1,108,576$944,557$1,451,551
64$1,995,715$1,121,719$935,023$1,515,673
65$2,156,803$1,134,210$923,872$1,584,770
66$2,332,985$1,145,974$911,009$1,659,341
67$2,525,758$1,156,934$896,336$1,739,944
68$2,736,769$1,167,008$879,747$1,827,190
69$2,967,835$1,176,107$861,135$1,921,758
70$3,220,956$1,184,138$840,384$2,024,398
71$3,498,332$1,190,999$817,375$2,135,937
72$3,802,389$1,196,585$791,985$2,257,290
73$4,135,798$1,200,783$764,081$2,389,469
74$4,501,499$1,203,472$733,528$2,533,590
75$4,902,733$1,204,523$700,183$2,690,887
76$5,343,069$1,203,802$663,896$2,862,723
77$5,826,437$1,201,163$624,511$3,050,604
78$6,357,168$1,196,454$581,866$3,256,192
79$6,940,031$1,189,512$535,791$3,481,325
80$7,580,280$1,180,164$486,106$3,728,029
81$8,283,704$1,168,228$432,626$3,998,544
82$9,056,680$1,153,509$375,157$4,295,343
83$9,906,233$1,135,803$313,496$4,621,156
84$10,840,102$1,114,890$247,432$4,978,997
85$11,866,814$1,090,541$176,742$5,372,191
86$12,995,762$1,062,511$101,196$5,804,413
87$14,237,297$1,030,541$20,553$6,279,715
88$15,602,822$994,358$0$6,802,572
89$17,104,899$953,671$0$7,391,900
90$18,757,373$908,175$0$8,044,760
91$20,575,493$857,543$0$8,762,832
92$22,576,065$801,435$0$9,552,813
93$24,777,604$739,486$0$10,422,089
94$27,200,512$671,313$0$11,378,804
95$29,867,267$596,510$0$12,431,942
96$32,802,639$514,650$0$13,591,407
97$36,033,920$425,279$0$14,868,123
98$39,591,182$327,920$0$16,274,135
99$43,507,561$222,067$0$17,822,727
100$47,819,571$107,187$0$19,528,544