Can I retire at age 55 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$74,073$73,414$72,770$72,142$71,528$69,155
2 years$36,670$35,987$35,325$34,683$34,061$31,694
3 years$24,204$23,518$22,858$22,222$21,610$19,322
4 years$17,972$17,288$16,635$16,010$15,412$13,221
5 years$14,234$13,554$12,909$12,297$11,716$9,628
6 years$11,743$11,068$10,432$9,834$9,271$7,287
7 years$9,964$9,295$8,669$8,085$7,539$5,661
8 years$8,630$7,967$7,352$6,782$6,255$4,479
9 years$7,594$6,937$6,333$5,777$5,267$3,592
10 years$6,765$6,115$5,521$4,980$4,488$2,911
11 years$6,087$5,444$4,861$4,334$3,860$2,378
12 years$5,523$4,886$4,314$3,802$3,345$1,955
13 years$5,046$4,415$3,854$3,356$2,917$1,616
14 years$4,637$4,013$3,463$2,979$2,557$1,340
15 years$4,283$3,666$3,126$2,657$2,251$1,116
16 years$3,974$3,364$2,835$2,379$1,990$931
17 years$3,701$3,098$2,579$2,138$1,764$779
18 years$3,459$2,863$2,355$1,926$1,569$653
19 years$3,243$2,653$2,156$1,741$1,398$548
20 years$3,049$2,465$1,978$1,576$1,249$460
21 years$2,873$2,296$1,820$1,431$1,118$387
22 years$2,713$2,144$1,677$1,301$1,002$326
23 years$2,568$2,005$1,548$1,185$899$275
24 years$2,435$1,878$1,432$1,081$808$232
25 years$2,313$1,763$1,326$987$727$196
26 years$2,200$1,657$1,230$902$655$165
27 years$2,096$1,559$1,142$826$591$139
28 years$1,999$1,469$1,062$757$533$118
29 years$1,909$1,386$988$694$481$99
30 years$1,826$1,309$920$637$435$84
31 years$1,748$1,237$858$585$393$71
32 years$1,675$1,171$801$538$356$60
33 years$1,606$1,109$748$494$322$51
34 years$1,542$1,051$698$455$291$43
35 years$1,482$997$653$419$264$36
36 years$1,425$946$611$386$239$31
37 years$1,371$899$572$355$217$26
38 years$1,320$854$535$327$196$22
39 years$1,272$812$502$302$178$19
40 years$1,226$773$470$278$162$16
41 years$1,183$735$441$257$147$13
42 years$1,142$700$414$237$133$11
43 years$1,103$667$388$219$121$9
44 years$1,066$636$364$202$110$8
45 years$1,030$607$342$187$99$7
46 years$997$579$321$172$90$6
47 years$964$552$302$159$82$5
48 years$933$527$284$147$74$4
49 years$904$503$267$136$68$3
50 years$876$481$251$126$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $897,000, adding $3,672 every year, while hoping to spend $42,129 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: 76/11/13 Blend
54$897,000$897,000$897,000$897,000
55$992,282$944,741$930,837$1,064,801
56$1,048,669$946,208$917,195$1,114,606
57$1,109,397$946,335$901,684$1,163,520
58$1,174,862$945,012$884,197$1,215,974
59$1,245,502$942,122$864,622$1,272,304
60$1,321,798$937,541$842,842$1,332,883
61$1,404,278$931,136$818,733$1,398,123
62$1,493,521$922,769$792,168$1,468,476
63$1,590,167$912,292$763,012$1,544,440
64$1,694,916$899,546$731,125$1,626,568
65$1,808,540$884,367$696,361$1,715,466
66$1,931,887$866,576$658,565$1,811,804
67$2,065,890$845,989$617,577$1,916,320
68$2,211,575$822,407$573,230$2,029,828
69$2,370,072$795,621$525,350$2,153,227
70$2,542,622$765,409$473,752$2,287,507
71$2,730,593$731,537$418,245$2,433,760
72$2,935,488$693,757$358,631$2,593,191
73$3,158,963$651,807$294,701$2,767,128
74$3,402,840$605,409$226,236$2,957,037
75$3,669,126$554,269$153,011$3,164,532
76$3,960,027$498,079$74,787$3,391,396
77$4,277,974$436,509$0$3,639,594
78$4,625,644$369,215$0$3,912,497
79$5,005,983$295,829$0$4,222,439
80$5,422,234$215,967$0$4,561,707
81$5,877,972$129,218$0$4,933,246
82$6,377,128$35,153$0$5,340,301
83$6,924,036$0$0$5,786,447
84$7,523,466$0$0$6,283,697
85$8,180,673$0$0$6,833,574
86$8,901,445$0$0$7,436,671
87$9,692,155$0$0$8,098,325
88$10,559,824$0$0$8,824,415
89$11,512,187$0$0$9,621,419
90$12,557,761$0$0$10,496,470
91$13,705,931$0$0$11,457,426
92$14,967,033$0$0$12,512,946
93$16,352,455$0$0$13,672,564
94$17,874,742$0$0$14,946,787
95$19,547,714$0$0$16,347,189
96$21,386,596$0$0$17,886,520
97$23,408,162$0$0$19,578,829
98$25,630,892$0$0$21,439,592
99$28,075,147$0$0$23,485,859
100$30,763,356$0$0$25,736,418