Can I retire at age 55 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$73,495$72,841$72,202$71,579$70,970$68,864
2 years$36,384$35,706$35,050$34,413$33,795$31,691
3 years$24,015$23,334$22,679$22,049$21,441$19,404
4 years$17,832$17,153$16,505$15,885$15,292$13,338
5 years$14,123$13,448$12,808$12,201$11,625$9,759
6 years$11,651$10,982$10,351$9,757$9,198$7,423
7 years$9,886$9,222$8,602$8,022$7,481$5,796
8 years$8,563$7,905$7,295$6,729$6,206$4,610
9 years$7,534$6,883$6,283$5,732$5,226$3,718
10 years$6,712$6,067$5,478$4,941$4,453$3,030
11 years$6,040$5,401$4,823$4,300$3,830$2,490
12 years$5,480$4,848$4,280$3,772$3,319$2,059
13 years$5,006$4,381$3,824$3,330$2,894$1,712
14 years$4,601$3,982$3,436$2,956$2,537$1,429
15 years$4,250$3,638$3,102$2,636$2,234$1,197
16 years$3,943$3,338$2,812$2,360$1,974$1,006
17 years$3,673$3,074$2,559$2,121$1,750$847
18 years$3,432$2,840$2,336$1,911$1,556$714
19 years$3,218$2,632$2,139$1,727$1,387$604
20 years$3,025$2,446$1,963$1,564$1,239$511
21 years$2,851$2,278$1,805$1,420$1,109$433
22 years$2,692$2,127$1,664$1,291$994$367
23 years$2,548$1,989$1,536$1,175$892$311
24 years$2,416$1,864$1,421$1,072$802$264
25 years$2,295$1,749$1,316$979$722$225
26 years$2,183$1,644$1,221$895$650$191
27 years$2,079$1,547$1,133$819$586$163
28 years$1,984$1,458$1,054$751$529$138
29 years$1,895$1,375$980$688$477$118
30 years$1,812$1,299$913$632$431$100
31 years$1,734$1,228$851$580$390$85
32 years$1,662$1,162$794$533$353$73
33 years$1,594$1,100$742$490$319$62
34 years$1,530$1,043$693$451$289$53
35 years$1,470$989$648$415$262$45
36 years$1,414$939$606$383$237$38
37 years$1,360$892$567$352$215$33
38 years$1,310$847$531$325$195$28
39 years$1,262$806$498$300$177$24
40 years$1,217$767$467$276$160$20
41 years$1,174$730$437$255$145$17
42 years$1,133$695$410$235$132$15
43 years$1,094$662$385$217$120$12
44 years$1,057$631$361$201$109$11
45 years$1,022$602$339$185$99$9
46 years$989$574$319$171$90$8
47 years$957$548$299$158$81$7
48 years$926$523$281$146$74$6
49 years$897$499$265$135$67$5
50 years$869$477$249$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $890,000, adding $6,942 every year, while hoping to spend $32,109 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: 42/32/26 Blend
54$890,000$890,000$890,000$890,000
55$987,941$940,771$926,976$1,021,663
56$1,054,547$952,705$923,866$1,058,439
57$1,126,871$964,147$919,575$1,094,674
58$1,205,462$975,041$914,031$1,133,291
59$1,290,924$985,323$907,156$1,174,527
60$1,383,922$994,927$898,870$1,218,647
61$1,485,188$1,003,785$889,088$1,265,943
62$1,595,526$1,011,819$877,721$1,316,740
63$1,715,822$1,018,951$864,677$1,371,394
64$1,847,052$1,025,095$849,860$1,430,303
65$1,990,287$1,030,161$833,166$1,493,906
66$2,146,710$1,034,053$814,491$1,562,688
67$2,317,621$1,036,668$793,723$1,637,188
68$2,504,451$1,037,897$770,745$1,718,001
69$2,708,776$1,037,625$745,437$1,805,784
70$2,932,332$1,035,729$717,669$1,901,265
71$3,177,030$1,032,080$687,311$2,005,249
72$3,444,972$1,026,537$654,221$2,118,627
73$3,738,478$1,018,956$618,256$2,242,383
74$4,060,097$1,009,179$579,262$2,377,604
75$4,412,641$997,043$537,082$2,525,494
76$4,799,205$982,373$491,548$2,687,382
77$5,223,197$964,982$442,489$2,864,736
78$5,688,372$944,676$389,721$3,059,181
79$6,198,866$921,245$333,057$3,272,510
80$6,759,234$894,469$272,298$3,506,704
81$7,374,495$864,117$207,238$3,763,952
82$8,050,175$829,940$137,662$4,046,673
83$8,792,364$791,679$63,345$4,357,536
84$9,607,770$749,056$0$4,699,492
85$10,503,784$701,780$0$5,080,225
86$11,488,545$649,543$0$5,517,943
87$12,571,023$592,017$0$5,999,097
88$13,761,099$528,858$0$6,528,144
89$15,069,660$459,700$0$7,109,998
90$16,508,699$384,159$0$7,750,082
91$18,091,431$301,828$0$8,454,375
92$19,832,415$212,276$0$9,229,469
93$21,747,693$115,049$0$10,082,637
94$23,854,939$9,668$0$11,021,897
95$26,173,627$0$0$12,056,093
96$28,725,214$0$0$13,231,727
97$31,533,342$0$0$14,529,442
98$34,624,061$0$0$15,957,889
99$38,026,074$0$0$17,530,350
100$41,771,009$0$0$19,261,462