Can I retire at age 55 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$74,321$73,659$73,013$72,383$71,767$71,255
2 years$36,793$36,107$35,443$34,799$34,175$33,659
3 years$24,285$23,597$22,934$22,296$21,682$21,177
4 years$18,032$17,346$16,690$16,063$15,464$14,975
5 years$14,281$13,599$12,952$12,338$11,755$11,283
6 years$11,782$11,105$10,467$9,867$9,302$8,847
7 years$9,997$9,326$8,698$8,112$7,565$7,128
8 years$8,659$7,994$7,377$6,805$6,276$5,857
9 years$7,619$6,960$6,354$5,796$5,285$4,884
10 years$6,787$6,135$5,539$4,997$4,503$4,120
11 years$6,108$5,462$4,877$4,348$3,873$3,507
12 years$5,541$4,902$4,328$3,814$3,356$3,007
13 years$5,063$4,430$3,867$3,367$2,927$2,594
14 years$4,653$4,027$3,474$2,989$2,565$2,249
15 years$4,298$3,679$3,137$2,666$2,259$1,958
16 years$3,987$3,375$2,844$2,387$1,996$1,711
17 years$3,714$3,108$2,588$2,145$1,770$1,499
18 years$3,471$2,872$2,362$1,933$1,574$1,318
19 years$3,254$2,662$2,163$1,746$1,403$1,160
20 years$3,059$2,474$1,985$1,582$1,253$1,024
21 years$2,883$2,304$1,826$1,436$1,121$905
22 years$2,722$2,151$1,683$1,305$1,005$801
23 years$2,577$2,012$1,554$1,189$902$710
24 years$2,443$1,885$1,437$1,084$811$630
25 years$2,320$1,769$1,331$990$730$560
26 years$2,207$1,662$1,234$905$657$497
27 years$2,103$1,564$1,146$829$593$443
28 years$2,006$1,474$1,065$759$535$394
29 years$1,916$1,391$991$696$483$351
30 years$1,832$1,313$924$639$436$313
31 years$1,754$1,242$861$587$394$279
32 years$1,680$1,175$803$539$357$249
33 years$1,612$1,113$750$496$323$222
34 years$1,547$1,054$701$456$292$198
35 years$1,487$1,000$655$420$265$177
36 years$1,429$949$613$387$240$158
37 years$1,375$902$574$356$217$141
38 years$1,324$857$537$329$197$126
39 years$1,276$815$503$303$179$113
40 years$1,230$775$472$279$162$101
41 years$1,187$738$442$258$147$90
42 years$1,146$703$415$238$133$81
43 years$1,107$670$389$220$121$72
44 years$1,069$638$366$203$110$65
45 years$1,034$609$343$187$100$58
46 years$1,000$581$322$173$91$52
47 years$968$554$303$160$82$46
48 years$937$529$285$148$75$41
49 years$907$505$267$136$68$37
50 years$879$482$251$126$62$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $900,000, adding $6,804 every year, while hoping to spend $20,937 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: 29/44/27 Blend
54$900,000$900,000$900,000$900,000
55$998,818$951,118$937,168$1,019,290
56$1,078,421$975,446$946,287$1,060,266
57$1,165,441$1,000,265$955,009$1,102,007
58$1,260,614$1,025,575$963,299$1,146,462
59$1,364,748$1,051,379$971,121$1,193,879
60$1,478,733$1,077,678$978,434$1,244,531
61$1,603,550$1,104,471$985,198$1,298,722
62$1,740,279$1,131,757$991,369$1,356,784
63$1,890,110$1,159,535$996,902$1,419,082
64$2,054,351$1,187,802$1,001,748$1,486,022
65$2,234,445$1,216,555$1,005,857$1,558,049
66$2,431,982$1,245,789$1,009,177$1,635,653
67$2,648,710$1,275,499$1,011,650$1,719,376
68$2,886,557$1,305,677$1,013,220$1,809,813
69$3,147,647$1,336,316$1,013,823$1,907,624
70$3,434,318$1,367,407$1,013,397$2,013,533
71$3,749,146$1,398,937$1,011,874$2,128,339
72$4,094,969$1,430,895$1,009,181$2,252,923
73$4,474,913$1,463,267$1,005,247$2,388,259
74$4,892,423$1,496,035$999,991$2,535,416
75$5,351,293$1,529,183$993,333$2,695,578
76$5,855,702$1,562,691$985,187$2,870,045
77$6,410,256$1,596,535$975,463$3,060,256
78$7,020,029$1,630,692$964,068$3,267,794
79$7,690,610$1,665,134$950,903$3,494,405
80$8,428,158$1,699,832$935,864$3,742,016
81$9,239,460$1,734,753$918,845$4,012,750
82$10,131,990$1,769,862$899,732$4,308,947
83$11,113,987$1,805,119$878,407$4,633,191
84$12,194,526$1,840,482$854,746$4,988,327
85$13,383,608$1,875,906$828,620$5,377,495
86$14,692,252$1,911,341$799,894$5,804,154
87$16,132,597$1,946,733$768,427$6,272,122
88$17,718,023$1,982,023$734,070$6,785,604
89$19,463,269$2,017,150$696,669$7,349,240
90$21,384,578$2,052,046$656,063$7,968,145
91$23,499,845$2,086,637$612,081$8,647,956
92$25,828,792$2,120,845$564,549$9,394,892
93$28,393,149$2,154,586$513,281$10,215,806
94$31,216,859$2,187,770$458,085$11,118,254
95$34,326,308$2,220,299$398,760$12,110,569
96$37,750,568$2,252,071$335,095$13,201,935
97$41,521,676$2,282,973$266,871$14,402,477
98$45,674,935$2,312,886$193,859$15,723,359
99$50,249,245$2,341,684$115,820$17,176,888
100$55,287,471$2,369,230$32,503$18,776,630