Can I retire at age 55 with 942,000?

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 $942,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$77,789$77,097$76,421$75,761$75,116$72,250
2 years$38,510$37,792$37,097$36,423$35,770$32,916
3 years$25,418$24,698$24,004$23,337$22,694$19,942
4 years$18,874$18,155$17,469$16,813$16,185$13,557
5 years$14,948$14,234$13,557$12,914$12,304$9,805
6 years$12,332$11,623$10,956$10,327$9,736$7,368
7 years$10,464$9,761$9,104$8,491$7,918$5,681
8 years$9,063$8,367$7,721$7,123$6,568$4,461
9 years$7,975$7,285$6,650$6,067$5,532$3,549
10 years$7,104$6,421$5,798$5,230$4,713$2,853
11 years$6,393$5,717$5,104$4,551$4,054$2,311
12 years$5,800$5,131$4,530$3,992$3,513$1,883
13 years$5,299$4,637$4,047$3,525$3,063$1,542
14 years$4,870$4,215$3,636$3,129$2,685$1,268
15 years$4,498$3,850$3,283$2,790$2,364$1,046
16 years$4,173$3,533$2,977$2,498$2,089$865
17 years$3,887$3,253$2,709$2,245$1,853$716
18 years$3,633$3,006$2,473$2,023$1,647$595
19 years$3,406$2,786$2,264$1,828$1,468$494
20 years$3,202$2,589$2,077$1,656$1,312$411
21 years$3,017$2,412$1,911$1,503$1,174$342
22 years$2,850$2,251$1,761$1,366$1,052$285
23 years$2,697$2,105$1,626$1,244$944$238
24 years$2,557$1,973$1,504$1,135$849$199
25 years$2,429$1,851$1,393$1,036$764$166
26 years$2,310$1,740$1,292$948$688$139
27 years$2,201$1,637$1,200$867$620$116
28 years$2,100$1,543$1,115$795$560$97
29 years$2,005$1,456$1,038$729$505$81
30 years$1,918$1,375$967$669$457$68
31 years$1,836$1,299$901$614$413$57
32 years$1,759$1,230$841$564$373$47
33 years$1,687$1,164$785$519$338$40
34 years$1,619$1,104$734$478$306$33
35 years$1,556$1,047$686$440$277$28
36 years$1,496$994$642$405$251$23
37 years$1,440$944$600$373$228$19
38 years$1,386$897$562$344$206$16
39 years$1,336$853$527$317$187$14
40 years$1,288$811$494$292$170$11
41 years$1,242$772$463$270$154$9
42 years$1,199$736$434$249$140$8
43 years$1,158$701$408$230$127$7
44 years$1,119$668$383$212$115$6
45 years$1,082$637$359$196$104$5
46 years$1,047$608$337$181$95$4
47 years$1,013$580$317$167$86$3
48 years$980$554$298$155$78$3
49 years$949$529$280$143$71$2
50 years$920$505$263$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $942,000, adding $5,760 every year, while hoping to spend $26,269 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: 58/21/21 Blend
54$942,000$942,000$942,000$942,000
55$1,044,025$994,099$979,498$1,098,420
56$1,122,566$1,014,860$984,362$1,156,842
57$1,208,237$1,035,758$988,507$1,217,170
58$1,301,739$1,056,772$991,884$1,282,364
59$1,403,841$1,077,878$994,436$1,352,898
60$1,515,391$1,099,052$996,108$1,429,298
61$1,637,323$1,120,268$996,840$1,512,140
62$1,770,663$1,141,494$996,567$1,602,062
63$1,916,544$1,162,701$995,225$1,699,764
64$2,076,210$1,183,852$992,745$1,806,021
65$2,251,035$1,204,912$989,052$1,921,686
66$2,442,527$1,225,839$984,073$2,047,699
67$2,652,351$1,246,592$977,725$2,185,096
68$2,882,339$1,267,123$969,927$2,335,020
69$3,134,508$1,287,382$960,590$2,498,731
70$3,411,081$1,307,317$949,623$2,677,617
71$3,714,505$1,326,869$936,929$2,873,209
72$4,047,476$1,345,977$922,408$3,087,196
73$4,412,965$1,364,576$905,954$3,321,439
74$4,814,241$1,382,594$887,458$3,577,987
75$5,254,909$1,399,957$866,803$3,859,104
76$5,738,938$1,416,583$843,870$4,167,283
77$6,270,701$1,432,387$818,530$4,505,272
78$6,855,015$1,447,277$790,654$4,876,101
79$7,497,187$1,461,154$760,101$5,283,111
80$8,203,064$1,473,914$726,729$5,729,985
81$8,979,087$1,485,447$690,385$6,220,782
82$9,832,353$1,495,632$650,911$6,759,978
83$10,770,680$1,504,345$608,144$7,352,508
84$11,802,682$1,511,451$561,910$8,003,809
85$12,937,851$1,516,807$512,028$8,719,877
86$14,186,642$1,520,261$458,312$9,507,323
87$15,560,578$1,521,652$400,564$10,373,431
88$17,072,352$1,520,809$338,578$11,326,234
89$18,735,953$1,517,549$272,140$12,374,585
90$20,566,790$1,511,679$201,027$13,528,243
91$22,581,845$1,502,994$125,005$14,797,967
92$24,799,830$1,491,277$43,828$16,195,614
93$27,241,359$1,476,296$0$17,734,256
94$29,929,151$1,457,808$0$19,437,891
95$32,888,237$1,435,553$0$21,323,916
96$36,146,199$1,409,257$0$23,400,067
97$39,733,428$1,378,627$0$25,685,705
98$43,683,415$1,343,357$0$28,202,168
99$48,033,061$1,303,120$0$30,972,969
100$52,823,031$1,257,570$0$34,024,022