Can I retire at age 55 with 893,000?

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 $893,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$73,743$73,086$72,445$71,820$71,209$69,771
2 years$36,506$35,827$35,168$34,529$33,909$32,467
3 years$24,096$23,413$22,756$22,123$21,513$20,112
4 years$17,892$17,211$16,560$15,938$15,343$13,993
5 years$14,170$13,494$12,852$12,242$11,664$10,369
6 years$11,690$11,019$10,386$9,790$9,229$7,991
7 years$9,919$9,253$8,631$8,049$7,506$6,324
8 years$8,592$7,932$7,320$6,752$6,227$5,102
9 years$7,560$6,906$6,304$5,751$5,244$4,174
10 years$6,735$6,087$5,496$4,958$4,468$3,453
11 years$6,060$5,419$4,839$4,315$3,843$2,881
12 years$5,498$4,864$4,294$3,785$3,330$2,421
13 years$5,023$4,396$3,837$3,341$2,904$2,045
14 years$4,616$3,996$3,447$2,966$2,545$1,736
15 years$4,264$3,650$3,112$2,645$2,241$1,478
16 years$3,956$3,349$2,822$2,368$1,981$1,263
17 years$3,685$3,084$2,568$2,128$1,756$1,083
18 years$3,444$2,850$2,344$1,918$1,562$930
19 years$3,229$2,641$2,146$1,733$1,392$800
20 years$3,035$2,454$1,969$1,569$1,243$689
21 years$2,860$2,286$1,811$1,424$1,113$595
22 years$2,701$2,134$1,670$1,295$997$514
23 years$2,557$1,996$1,542$1,179$895$444
24 years$2,424$1,870$1,426$1,076$805$385
25 years$2,302$1,755$1,320$982$724$333
26 years$2,190$1,649$1,225$898$652$289
27 years$2,086$1,552$1,137$822$588$250
28 years$1,990$1,463$1,057$753$531$217
29 years$1,901$1,380$984$691$479$189
30 years$1,818$1,303$916$634$433$164
31 years$1,740$1,232$854$582$391$142
32 years$1,667$1,166$797$535$354$124
33 years$1,599$1,104$744$492$320$107
34 years$1,535$1,046$695$453$290$93
35 years$1,475$992$650$417$263$81
36 years$1,418$942$608$384$238$71
37 years$1,365$895$569$354$216$61
38 years$1,314$850$533$326$196$53
39 years$1,266$808$499$301$177$46
40 years$1,221$769$468$277$161$40
41 years$1,178$732$439$256$146$35
42 years$1,137$697$412$236$132$31
43 years$1,098$664$386$218$120$27
44 years$1,061$633$363$201$109$23
45 years$1,026$604$341$186$99$20
46 years$992$576$320$172$90$17
47 years$960$550$300$159$82$15
48 years$929$525$282$147$74$13
49 years$900$501$265$135$67$12
50 years$872$479$250$125$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $893,000, adding $5,458 every year, while hoping to spend $23,045 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: 55/35/10 Blend
54$893,000$893,000$893,000$893,000
55$989,716$942,387$928,545$1,041,398
56$1,066,147$964,044$935,132$1,098,665
57$1,149,602$985,990$941,167$1,157,987
58$1,240,773$1,008,215$946,607$1,222,029
59$1,340,421$1,030,707$951,408$1,291,243
60$1,449,386$1,053,453$955,522$1,366,128
61$1,568,591$1,076,440$958,899$1,447,233
62$1,699,052$1,099,651$961,488$1,535,164
63$1,841,891$1,123,069$963,233$1,630,588
64$1,998,339$1,146,675$964,076$1,734,239
65$2,169,755$1,170,447$963,959$1,846,926
66$2,357,635$1,194,364$962,816$1,969,541
67$2,563,625$1,218,399$960,581$2,103,066
68$2,789,539$1,242,525$957,186$2,248,583
69$3,037,377$1,266,714$952,556$2,407,285
70$3,309,337$1,290,931$946,615$2,580,487
71$3,607,846$1,315,143$939,282$2,769,636
72$3,935,572$1,339,311$930,475$2,976,328
73$4,295,458$1,363,394$920,103$3,202,322
74$4,690,744$1,387,350$908,075$3,449,557
75$5,124,999$1,411,129$894,295$3,720,169
76$5,602,156$1,434,681$878,661$4,016,512
77$6,126,546$1,457,951$861,067$4,341,180
78$6,702,943$1,480,880$841,402$4,697,034
79$7,336,604$1,503,404$819,550$5,087,224
80$8,033,323$1,525,456$795,389$5,515,225
81$8,799,481$1,546,962$768,794$5,984,866
82$9,642,110$1,567,845$739,631$6,500,365
83$10,568,957$1,588,022$707,760$7,066,373
84$11,588,558$1,607,403$673,038$7,688,017
85$12,710,318$1,625,892$635,311$8,370,947
86$13,944,599$1,643,389$594,423$9,121,388
87$15,302,818$1,659,785$550,206$9,946,205
88$16,797,556$1,674,965$502,488$10,852,961
89$18,442,672$1,688,804$451,087$11,849,995
90$20,253,442$1,701,173$395,815$12,946,495
91$22,246,693$1,711,930$336,475$14,152,591
92$24,440,968$1,720,927$272,860$15,479,446
93$26,856,701$1,728,006$204,754$16,939,362
94$29,516,405$1,732,999$131,934$18,545,902
95$32,444,889$1,735,727$54,165$20,314,013
96$35,669,489$1,735,999$0$22,260,167
97$39,220,328$1,733,614$0$24,405,598
98$43,130,598$1,728,358$0$26,773,609
99$47,436,875$1,720,003$0$29,380,500
100$52,179,460$1,708,307$0$32,250,608