Can I retire at age 55 with 895,000?

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 $895,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$73,908$73,250$72,608$71,981$71,369$69,167
2 years$36,588$35,907$35,246$34,606$33,985$31,786
3 years$24,150$23,466$22,807$22,172$21,561$19,435
4 years$17,932$17,250$16,597$15,974$15,378$13,339
5 years$14,202$13,524$12,880$12,270$11,690$9,745
6 years$11,716$11,043$10,409$9,812$9,250$7,400
7 years$9,942$9,274$8,650$8,067$7,523$5,768
8 years$8,611$7,950$7,336$6,767$6,241$4,580
9 years$7,577$6,922$6,318$5,764$5,256$3,687
10 years$6,750$6,101$5,509$4,969$4,478$2,999
11 years$6,074$5,431$4,850$4,324$3,851$2,460
12 years$5,511$4,875$4,304$3,793$3,337$2,030
13 years$5,035$4,406$3,845$3,349$2,910$1,684
14 years$4,627$4,004$3,455$2,973$2,551$1,403
15 years$4,274$3,658$3,119$2,651$2,246$1,173
16 years$3,965$3,356$2,828$2,374$1,985$983
17 years$3,693$3,091$2,574$2,133$1,760$826
18 years$3,452$2,856$2,349$1,922$1,565$695
19 years$3,236$2,647$2,151$1,737$1,395$586
20 years$3,042$2,460$1,974$1,573$1,246$495
21 years$2,867$2,291$1,816$1,428$1,115$418
22 years$2,707$2,139$1,673$1,298$1,000$354
23 years$2,562$2,000$1,545$1,182$897$300
24 years$2,429$1,874$1,429$1,078$806$254
25 years$2,307$1,759$1,323$985$726$215
26 years$2,195$1,653$1,227$900$654$183
27 years$2,091$1,556$1,140$824$589$155
28 years$1,995$1,466$1,060$755$532$131
29 years$1,905$1,383$986$692$480$112
30 years$1,822$1,306$918$635$434$95
31 years$1,744$1,235$856$584$392$80
32 years$1,671$1,168$799$536$355$68
33 years$1,603$1,106$746$493$321$58
34 years$1,539$1,049$697$454$291$49
35 years$1,478$995$652$418$263$42
36 years$1,421$944$610$385$239$36
37 years$1,368$897$571$354$216$30
38 years$1,317$852$534$327$196$26
39 years$1,269$810$501$301$178$22
40 years$1,224$771$469$278$161$19
41 years$1,180$734$440$256$146$16
42 years$1,139$699$413$237$133$13
43 years$1,100$666$387$218$120$11
44 years$1,063$635$363$202$109$10
45 years$1,028$605$341$186$99$8
46 years$994$577$321$172$90$7
47 years$962$551$301$159$82$6
48 years$931$526$283$147$74$5
49 years$902$502$266$136$68$4
50 years$874$480$250$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $895,000, adding $4,807 every year, while hoping to spend $31,390 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: 47/33/20 Blend
54$895,000$895,000$895,000$895,000
55$991,248$943,813$929,941$1,031,995
56$1,058,957$956,662$927,695$1,073,763
57$1,132,520$969,087$924,322$1,115,543
58$1,212,501$981,036$919,751$1,160,237
59$1,299,521$992,452$913,907$1,208,131
60$1,394,262$1,003,272$906,713$1,259,542
61$1,497,475$1,013,431$898,087$1,314,818
62$1,609,988$1,022,860$887,943$1,374,347
63$1,732,710$1,031,483$876,193$1,438,556
64$1,866,643$1,039,222$862,741$1,507,916
65$2,012,888$1,045,992$847,491$1,582,949
66$2,172,660$1,051,702$830,339$1,664,231
67$2,347,294$1,056,258$811,178$1,752,399
68$2,538,260$1,059,557$789,895$1,848,156
69$2,747,179$1,061,492$766,372$1,952,279
70$2,975,833$1,061,946$740,487$2,065,626
71$3,226,185$1,060,799$712,111$2,189,146
72$3,500,398$1,057,921$681,109$2,323,886
73$3,800,853$1,053,173$647,341$2,471,003
74$4,130,172$1,046,411$610,658$2,631,773
75$4,491,243$1,037,478$570,909$2,807,608
76$4,887,246$1,026,211$527,931$3,000,065
77$5,321,686$1,012,436$481,557$3,210,863
78$5,798,420$995,968$431,612$3,441,901
79$6,321,701$976,611$377,912$3,695,276
80$6,896,208$954,160$320,266$3,973,301
81$7,527,101$928,393$258,475$4,278,530
82$8,220,060$899,079$192,329$4,613,784
83$8,981,345$865,973$121,610$4,982,173
84$9,817,851$828,814$46,093$5,387,131
85$10,737,173$787,327$0$5,832,450
86$11,747,679$741,221$0$6,329,673
87$12,858,590$690,188$0$6,887,030
88$14,080,062$633,903$0$7,499,821
89$15,423,285$572,022$0$8,173,723
90$16,900,590$504,181$0$8,914,996
91$18,525,560$429,995$0$9,730,542
92$20,313,162$349,060$0$10,627,972
93$22,279,887$260,945$0$11,615,678
94$24,443,902$165,199$0$12,702,913
95$26,825,229$61,342$0$13,899,881
96$29,445,924$0$0$15,217,830
97$32,330,293$0$0$16,687,731
98$35,505,115$0$0$18,330,290
99$38,999,899$0$0$20,138,512
100$42,847,159$0$0$22,129,237