Can I retire at age 55 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$74,239$73,577$72,932$72,302$71,688$70,154
2 years$36,752$36,067$35,404$34,761$34,137$32,599
3 years$24,258$23,570$22,909$22,272$21,658$20,164
4 years$18,012$17,327$16,672$16,045$15,447$14,009
5 years$14,266$13,584$12,938$12,324$11,742$10,364
6 years$11,769$11,093$10,456$9,856$9,291$7,974
7 years$9,986$9,316$8,689$8,103$7,556$6,300
8 years$8,650$7,985$7,369$6,797$6,269$5,073
9 years$7,611$6,953$6,347$5,790$5,279$4,144
10 years$6,780$6,128$5,533$4,991$4,498$3,422
11 years$6,101$5,456$4,871$4,344$3,868$2,850
12 years$5,535$4,897$4,323$3,810$3,352$2,389
13 years$5,057$4,425$3,862$3,364$2,923$2,014
14 years$4,647$4,022$3,470$2,986$2,563$1,706
15 years$4,293$3,675$3,133$2,663$2,256$1,450
16 years$3,983$3,371$2,841$2,384$1,994$1,237
17 years$3,710$3,105$2,585$2,142$1,768$1,057
18 years$3,467$2,869$2,360$1,931$1,572$906
19 years$3,250$2,659$2,160$1,744$1,401$778
20 years$3,055$2,471$1,983$1,580$1,252$669
21 years$2,879$2,302$1,824$1,434$1,120$576
22 years$2,719$2,148$1,681$1,304$1,004$496
23 years$2,574$2,009$1,552$1,187$901$428
24 years$2,440$1,883$1,435$1,083$810$370
25 years$2,318$1,767$1,329$989$729$319
26 years$2,205$1,660$1,233$904$657$276
27 years$2,100$1,563$1,145$828$592$239
28 years$2,004$1,473$1,064$758$534$207
29 years$1,914$1,389$990$695$482$179
30 years$1,830$1,312$923$638$436$155
31 years$1,752$1,240$860$586$394$134
32 years$1,679$1,173$802$539$356$116
33 years$1,610$1,111$749$495$323$101
34 years$1,546$1,053$700$456$292$88
35 years$1,485$999$654$420$265$76
36 years$1,428$948$612$386$240$66
37 years$1,374$901$573$356$217$57
38 years$1,323$856$537$328$197$50
39 years$1,275$814$503$303$179$43
40 years$1,229$774$471$279$162$37
41 years$1,186$737$442$258$147$32
42 years$1,145$702$415$238$133$28
43 years$1,105$669$389$219$121$24
44 years$1,068$638$365$203$110$21
45 years$1,033$608$343$187$100$18
46 years$999$580$322$173$91$16
47 years$966$553$302$160$82$14
48 years$936$528$284$148$75$12
49 years$906$505$267$136$68$10
50 years$878$482$251$126$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $899,000, adding $2,171 every year, while hoping to spend $58,307 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: 50/28/22 Blend
54$899,000$899,000$899,000$899,000
55$992,937$945,290$931,356$1,036,360
56$1,032,179$929,571$900,518$1,050,987
57$1,073,469$911,128$866,693$1,060,771
58$1,116,954$889,765$829,719$1,070,195
59$1,162,796$865,276$789,427$1,079,250
60$1,211,169$837,443$745,641$1,087,927
61$1,262,264$806,033$698,175$1,096,222
62$1,316,288$770,802$646,838$1,104,133
63$1,373,470$731,491$591,427$1,111,665
64$1,434,055$687,825$531,731$1,118,824
65$1,498,316$639,516$467,531$1,125,625
66$1,566,548$586,256$398,597$1,132,090
67$1,639,074$527,721$324,689$1,138,247
68$1,716,250$463,570$245,556$1,144,134
69$1,798,462$393,440$160,937$1,149,799
70$1,886,136$316,948$70,559$1,155,302
71$1,979,735$233,692$0$1,160,715
72$2,079,770$143,245$0$1,172,204
73$2,186,798$45,156$0$1,201,868
74$2,301,433$0$0$1,233,322
75$2,424,345$0$0$1,285,600
76$2,556,271$0$0$1,356,710
77$2,698,020$0$0$1,433,182
78$2,850,479$0$0$1,515,504
79$3,014,623$0$0$1,604,211
80$3,191,521$0$0$1,699,892
81$3,382,349$0$0$1,803,191
82$3,588,399$0$0$1,914,819
83$3,811,088$0$0$2,035,556
84$4,051,977$0$0$2,166,258
85$4,312,780$0$0$2,307,870
86$4,595,381$0$0$2,461,426
87$4,901,852$0$0$2,628,067
88$5,234,472$0$0$2,809,045
89$5,595,747$0$0$3,005,741
90$5,988,434$0$0$3,219,670
91$6,415,566$0$0$3,452,501
92$6,880,479$0$0$3,706,070
93$7,386,844$0$0$3,982,397
94$7,938,703$0$0$4,283,707
95$8,540,500$0$0$4,612,446
96$9,197,130$0$0$4,971,308
97$9,913,980$0$0$5,363,259
98$10,696,979$0$0$5,791,562
99$11,552,655$0$0$6,259,811
100$12,488,194$0$0$6,771,964